Hurricane Energy-backer Kerogen Capital invests in UK geothermal firm
Geothermal Engineering Limited (GEL) has secured £12 million in funding from private-equity energy specialist firm Kerogen Capital.
Kerogen Capital
Pandion Energy to double production as it buys ONE-Dyas Norway operation
Minnow Pandion Energy is to more than double its daily production after buying the Norwegian operations of ONE-Dyas.
Climate crisis: Investors weigh up impact on oil and gas
As oil and gas faces a rise in climate activism, ESG concerns, and the need to raise its own profile as a pillar of the energy transition, investors are weighing the impact.
Neo Energy looks to redevelop Affleck field in ‘opportunity rich’ North Sea
Neo Energy intends to make a call on the redevelopment of the Affleck field in the UK central North Sea “in the next few months”.
Neo Energy swoops for Zennor Petroleum in £450m deal
Neo Energy has continued its acquisition spree with a £450 million swoop for fellow private-equity backed North Sea oil firm Zennor Petroleum.
UK oil industry moves to address ‘gap’ in climate reporting
The UK oil and gas sector has announced a move to address a “gap” in investor expectations for climate-related reporting.
Zennor goes ‘carbon neutral’ ahead of first gas from flagship North Sea field
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
Chrysaor-Premier Oil deal could be ‘harbinger of things to come’
Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit.
Private-equity backer’s exit options the same as they’ve always been, Zennor boss says
Zennor Petroleum’s boss has said the private-equity-backed oil and gas company is “sitting comfortably” in spite of the Covid-19 pandemic and commodity price drop.
Kerogen advisory board member resigns from Hurricane role
Hurricane Energy said today that Alan Parsley had resigned as non-executive director of the UK offshore oil and gas business.
Energean FPSO undocks in China
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.