Kistos invests in 3D printing tidal firm Spiralis Energy
Kistos (LSE: KIST) has picked up an equity interest of up to 20% in tidal energy firm Spiralis Energy after investing £800,000 into the London-based business.
Kistos
Kistos increases gas storage facility working capacity by 24%
North Sea operator Kistos (LON:KIST) has increased the working gas capacity at its newly acquired Hill Top Farm site by 24% following a trial.
Power Moves: Urenco adds new chairman and more
Justin Manson was promoted to chairman of the board at Urenco, an international supplier of uranium enrichment services.
Kistos ‘recycling of project economics’ at Greater Laggan Area
Kistos (LSE: KIST) has said it is “now undergoing a recycling of project economics” at the Greater Laggan Area due to changes in “the cost environment.”
Oil and gas seen as ‘devil incarnate’ complains North Sea dealmaker
Oil and gas firms are being framed as the “devil incarnate” as general election rhetoric ramps up, a top North Sea dealmaker has complained.
Kistos takes over two EDF gas storage sites for £25 million
Kistos (LSE: KIST) has acquired a 100% stake in EDF Energy's gas storage company, resulting in the firm picking up two UK storage sites.
Major parties in ‘rush to the bottom’ on UK energy policy, says Kistos’ Andrew Austin
“Each time we think we have certainty, someone moves the goalposts and that's not helpful.”
Kistos to buy two UK onshore gas storage sites from EDF Energy
Independent North Sea operator Kistos (AIM:KIST) has agreed to purchase two onshore gas storage sites from EDF Energy for £25 million.
Production restarted at Shetland Gas Plant
Production has resumed at the Shetland Gas Plant nearly two weeks after an outage brought the facility to a standstill.
Kistos expects Shetland Gas Plant to restart within the next two weeks
Shetland Gas Plant co-owner Kistos (LON: KIST) expects the facility to reopen within the next two weeks, the company said today.
Shifting Netherlands debt ‘positive update’ for Kistos amid Shetland Gas Plant shutdown
Kistos (KIST.L) has paid its outstanding bond debt in the Netherlands, creating an opportunity for the firm to return more cash to shareholders, said an industry analyst.
UK’s ‘adverse changes’ in fiscal environment prompt West of Shetland shake up
Kistos says that ‘adverse changes’ in the fiscal environment within the UK means that TotalEnergies' Edradour West, rather than Glendronach, is expected to go ahead next in the Greater Laggan Area (GLA).
West of Shetland: The projects in the UK’s oil and gas hotspot
From Ithaca's Cambo to Shell's Victory, and everything in between…
Kistos successful appeal sees five year extension to license
Kistos (LSE: KIST) successfully appeals the Netherlands Ministry of Economic Affairs' decision and receives a five-year extension on its license.
Output at TotalEnergies’ Edradour suspended amid production issues
Production has been suspended at the TotalEnergies-operated Edradour field west of Shetland, amid reports that increased water output is causing issues.
Kistos ‘ready to sanction’ TotalEnergies gas projects in West of Shetland
Kistos (LSE: KIST) says it is “ready to sanction” the Glendronach and Edradour West projects in the West of Shetland, pending agreement with operator TotalEnergies.
Kistos moves into Norway as UK is a ‘difficult’ place to invest
Kistos looks to Norway as it sets out to acquire Mime Petroleum, citing "windfall taxes and a lack of fiscal certainty" for the lack of UK investment.
Benriach to spud in Q2, Kistos confirms
Kistos (AIM:KIST) has confirmed plans by TotalEnergies to spud its much-anticipated Benriach well in Q2 of 2023, while a final decision on Glendronach is to be further delayed.
More North Sea operators tipped to exit basin in 2023
Further North Sea oil and gas players are being tipped to up sticks next year as companies look to streamline their portfolios.
Production drives 88-fold profit surge at Serica Energy
Serica Energy (LON: SQZ) has seen its profits surge 88-times over year-on-year amid a boost to new production.
Serica, Kistos call off £1bn merger after rival takeover bids
North Sea producers Serica Energy (LON: SQZ) and Kistos (LON: KIST) have confirmed neither party will make a final offer on the other, drawing a line under a series of takeover bids.
Serica Energy rejects updated £1.15bn bid from North Sea rival Kistos
Serica Energy (LON: SQZ) has knocked back a new cash and share-for-share bid from rival Kistos (LON: KIST) worth £1.15 billion, which may replace Mitch Flegg as CEO.
Serica Energy boosts production from 24-year-old BP well
Serica Energy (LON: SQZ) has quadrupled production from a 24-year-old BP well in the North Sea.
Who is Andrew Austin? North Sea dealmaker targeting Serica Energy
Andrew Austin has a track record of dealmaking in the North Sea and has now set his sights on independent Serica Energy (LON: SQZ).
Serica Energy denounces ‘unattractive’ bid from Kistos
Serica Energy (LON: SQZ) has issued a lengthy statement denouncing the bid from smaller rival Kistos (LON: KIST) as “significantly undervaluing” the company.