Orcadian Energy (AIM:ORCA) has been granted a one-year extension to licence P2244 containing its flagship Pilot field, giving it further time to find partners and finalise a development decision.
A North Sea oil and gas company has taken aim at the shadow climate and net zero secretary after he reinforced Labour’s opposition to new drilling.
A North Sea oil boss has taken a swing with Nigel Farage at City of London investors for a lack of support towards the sector amid the transition.
North Sea companies have hailed the new prime minister’s decision to side with the oil and gas industry.
Orcadian Energy (AIM: ORCA) has announced the successful raising of £1 million to help progress development of its Pilot project in the North Sea.
Costs for a planned new North Sea oilfield could be shaved by 75% with new tax incentives, the firm behind it has claimed.
North Sea firm Orcadian Energy has shared its electrification blueprint for axing operational oil and gas emissions by up to 80%.
A North Sea oil firm has expressed concerns about the makeup of the Innovation and Targeted Oil and Gas (INTOG) offshore wind leasing process.
Orcadian Energy has been granted more time with one of its North Sea licences after “extensive talks” with the regulator.
Orcadian Energy is “looking at around about $900 million to get to first oil” for the Pilot field in the central North Sea.