Malaysia’s Ping Petroleum has agreed a $22million deal to acquire Summit Exploration and Production’s 50% non-operated stake in the UK Avalon field.
Malaysian firm Dagang NeXchange (DNeX) said it had earmarked £51.4 million for production boosting work at the UK North Sea Anasuria Cluster after completing the acquisition of compatriot Ping Petroleum.
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) is closing in on a deal to increase its stake in North Sea minnow Ping Petroleum to 90%.
Summit Exploration and Production (E&P) is looking for a buyer for its 50% non-operated stake in the Avalon oil project in the UK North Sea.
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) has reached a deal to take its shareholding in North Sea minnow Ping Petroleum to 90%.
Anasuria Operating Company has appointed Peter Kavanagh, a former North Sea boss at Petrofac in Aberdeen, as its new chief operating officer.
Malaysian IT and energy sector service provider Dagang Nexchange (DNex) has announced plans to acquire the remaining stakes in Ping Petroleum.
A group of oil and gas firms have joined forces to plan the delivery of more than 200 million barrels from the outer Moray Firth.
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
Malaysian firm Hibiscus Petroleum has opted to use a floating production, storage and offloading vessel (FPSO) to develop a number of assets in the UK North Sea.
Malaysian oil firm Hibiscus Petroleum said today that it expects to have a field development plan in place for two UK North Sea blocks by the end of this year.
A new water injection well has been drilled to boost production from Ithaca’s Cook field in the North Sea.
More than 1million additional barrels of oil are expected to be unlocked through a sidetrack well in the central North Sea later this year.