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%.
Ping Petroleum
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.
Malaysian firm presses on with plans for North Sea blocks
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.
Well drilled to boost production from Ithaca’s Cook field
A new water injection well has been drilled to boost production from Ithaca’s Cook field in the North Sea.
Malaysian duo target 1million barrels from North Sea well
More than 1million additional barrels of oil are expected to be unlocked through a sidetrack well in the central North Sea later this year.