Following the sale of the bulk of its North Sea assets to Ithaca Energy, Summit has embarked on a new hydrogen-focused joint venture with Progressive Energy.
Summit Exploration and Production
Alan Bruce has taken on the role of chief executive at the North Sea-focused E&P, following the death of former head Bill Dunnett last year.
Ithaca Energy has struck a deal to acquire North Sea player Summit Exploration and Production for $224 million (£170.5m).
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.
Energy players sign up to drive project to create a low-carbon energy hub for London and the South East.
Summit Exploration and Production has announced the farm-out of a 50% stake in the K2 gas prospect in the North Sea to Dana Petroleum.
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.