Fyne: Control of 75-million barrel UK oilfield sold to Ping and Hibiscus
The UK arms of Hibiscus Petroleum and Ping Petroleum have signed a deal with Rapid Oil Production to take majority stakes in the 75-million-barrel Fyne field.
Ping Petroleum
Regulator queries power, flaring plans for Ping’s Avalon field
The UK’s offshore regulator has asked Ping Petroleum for further information on its proposed Avalon development in the Outer Moray Firth.
Ping Petroleum decries windfall tax and ‘out of alignment’ regulators
North Sea minnow Ping Petroleum has criticised the UK government's windfall tax and decried "out of alignment" regulators overseeing the industry.
Ping Petroleum profits up more than fivefold after Anasuria overhaul
Ping Petroleum helped maintain profits for its parent DNeX last quarter, as higher oil prices and production helped offset declines in other areas of the group.
Ping Petroleum wins first Malaysia oil and gas PSCs
Petronas has awarded Ping Petroleum two production sharing contracts (PSCs) for discovered oil and gas resources in Malaysia marking the company’s debut in its home country.
Ping Petroleum presses ahead with ‘pioneering’ Avalon oilfield in UK North Sea
Ping Petroleum is pressing ahead with plans to develop the Avalon field in the UK North Sea, hailed by bosses as a “pioneering scheme” to slash production emissions from oil and gas.
Avalon: Ping Petroleum pushes back investment decision on North Sea oilfield
Ping Petroleum has moved back its timeline for a final investment decision (FID) on the Avalon oilfield in the North Sea.
‘All systems go’ for Ping Petroleum at Avalon field
Key papers for the development of the Avalon field are to be lodged at any moment, the operator has confirmed.
Ping helps propel DNeX to over £134m in profits
Ping Petroleum owner DNeX has published "stellar results" for the financial year ended 30 June 2022, with nearly £135 million in profits after tax and revenues of £270m.
Hummingbird FPSO granted new mythic title ahead of journey to Avalon
Ping Petroleum has renamed the Hummingbird floating production storage and offload (FPSO) vessel “Excalibur” ahead of its planned redeployment at the Avalon field.
Cerulean, Ping sign deal to secure floating wind for Avalon
Cerulean Winds and Ping Petroleum UK have signed a new agreement that would create one of the UK’s first oil and gas facilities powered almost exclusively by offshore wind.
Hummingbird deal delivers major jobs boost for Aberdeen
Global Engineering and Construction (E&C) expects to create about 100 new jobs in Aberdeen after securing further work with North Sea oil producer Ping Petroleum.
Hummingbird Spirit FPSO set for Ping Petroleum Avalon oilfield
The Hummingbird Spirit FPSO has been given a new lease on life and a new owner; destined for the Ping Petroleum Avalon field in the North Sea.
New North Sea oilfield Avalon to be developed with FPSO and floating wind combo
A “key milestone” has been reached for Avalon, a new oilfield in the UK North Sea, to go ahead.
2022 is ‘opportune time’ to go ahead with UK Avalon oilfield: DNeX
Malaysia’s Dagang NeXchange (DNeX) has said 2022 is the “opportune time” to press ahead with a new North Sea development as commodity prices surge.
Ping strikes $22million deal for Summit stake in UK Avalon field as development progresses
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.
‘In the driving seat’: DNeX earmarks £51.4m for Anasuria Cluster after completing Ping deal
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.
Malaysia’s DNeX eyes more North Sea M&A as Ping deal nears finishing line
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%.
To E&P or not to E&P?: Summit marketing Avalon stake while eyeing low-carbon future
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.
Malaysia’s DNeX taking Ping Petroleum stake to 90%
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 appoints former Petrofac North Sea boss as chief operating officer
Anasuria Operating Company has appointed Peter Kavanagh, a former North Sea boss at Petrofac in Aberdeen, as its new chief operating officer.
Malaysian player nears deal to take full control of North Sea firm Ping Petroleum
Malaysian IT and energy sector service provider Dagang Nexchange (DNex) has announced plans to acquire the remaining stakes in Ping Petroleum.
Oil firms will team up to deliver 200m barrels from North Sea
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.
Change of ownership on the cards for North Sea minnow
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
Hibiscus opts to develop North Sea cluster with FPSO
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.