Orcadian Energy says North Sea needs clarity not ‘punitive taxes’
Orcadian Energy (AIM:ORCA) has warned that “punitive taxes” from the government risks undermining the UK’s oil and gas industry.
Orcadian Energy
Orcadian farms out 50% stake in North Sea assets
North Sea operator Orcadian (AIM:ORCA) has agreed to farm out a 50% stake in a sub-area of its Earlham and Orwell developments to Marine Low Carbon Power Company (MLCP).
North Sea operator Orcadian Energy acquires shares of HALO
North Sea operator Orcadian Energy (AIM:ORCA) has acquired the shares of HALO Offshore UK Ltd from the joint liquidators of Hague and London Oil plc (HALO).
Orcadian no longer a ‘one-trick pony’ after licence agreement with NSTA
Orcadian Energy also said its viscous oil projects containing 'post-transition' hydrocarbons will be a good feedstock for lubricants and EV battery components.
Fynn licence opportunity for ‘significant value’ despite North Sea uncertainty
The Fynn Beauly prospect still has an opportunity to deliver "significant value" despite ongoing political uncertainty, according to North Sea operator Parkmead Group (LON:PMG).
Orcadian agrees further loan extension with Shell
North Sea operator Orcadian Energy (AIM:ORCA) has announced an agreement for a further extension to its $1.4 million loan repayment to a Shell subsidiary.
Orcadian Energy finds farm-in partner for North Sea Earlham discovery
Orcadian Energy (AIM:ORCA) has agreed a provisional farm-in deal with an undisclosed partner on a licence containing the Earlham discovery in the Southern North Sea (SNS).
Orcadian floats plan to link gas field to grid via offshore wind cable
We saw a really good opportunity to put together a completely different development plan for the Earlham discovery
NSTA reveals winners of latest North Sea licensing round
The third tranche of the 33rd offshore licensing round sees 19 companies awarded North Sea licences
Orcadian says Elke North Sea prospect has potential to be ‘bigger than Pilot’
Orcadian Energy CEO also said first oil could be achieved at its Pilot development by 2028
Ping Petroleum completes Pilot farm-out deal
Ping Petroleum has completed its farm-out deal relating to the Pilot field in the North Sea with Orcadian Energy (AIM:ORCA).
Orcadian heats up geothermal plans for North Sea’s Fynn Beauly
Orcadian Energy has published further details on its development plans for new licences, including at Fynn Beauly where it hopes to use geothermal heat to help produce heavy oil.
North Sea operators outline plans for new exploration licence offers
17 companies scooped licence offers in the latest tranche of awards as part of the 33rd round, with plans for some prospects already in the works.
Who won? A look at the latest North Sea licences being dished out by NSTA
The second tranche of the 33rd offshore licensing round sees 17 companies awarded North Sea licences
Orcadian floats CCS-equipped gas to wire plans in Southern North Sea
Plans would see a converted jack-up used to house power and CCS equipment, with electricity output tied into a nearby wind substation.
Orcadian: Ping’s Pilot play points to ‘area plan potential’
Fresh from securing a farm-out deal, Orcadian Energy boss Steve Brown points to the strategic advantages of a new floating development at Pilot in the central North Sea.
Deal: Ping Petroleum buys control of Orcadian’s Pilot North Sea project
Orcadian Energy has confirmed Ping Petroleum has become its farm-in partner on the Pilot field, concluding long-running negotiations over the future of the North Sea development.
Orcadian agrees seven day extension with potential Pilot operator
Orcadian (AIM: ORCA) has agreed a a seven day extension with a potential operator on its P2244 licence in the Pilot field.
Orcadian granted conditional extension to North Sea Pilot licence
Orcadian Energy has announced the North Sea Transition Authority (NSTA) is prepared to grant a two-year extension on its P2244 licence in the Pilot field, subject to certain conditions.
Orcadian raises £350,000 as farm-out work continues
Orcadian Energy has completed a further share issue, raising funds to progress a proposed farm-out deal and pay off debts.
Orcadian Energy may have found dancing partner on £1bn North Sea project
Orcadian Energy (AIM: ORCA) has entered into a provisional agreement with an operator on a potential farm-in to its £1bn Pilot project in the North Sea.
North Sea firm gets lifeline loan extension from Shell
A small North Sea player has been granted a lifeline loan extension from Shell.
‘Will these blocks ever be licensed again?’ Over 5,000 km2 of North Sea exploration given up
More than 5,000 km2 of North Sea exploration acreage was surrendered today as deadlines for licences hit the industry.
Farm-outs scrapped as Orcadian Energy loses North Sea licence
Orcadian Energy (AIM: ORCA) has been forced to give up a 25 million-barrel North Sea discovery after the NSTA regulator stepped in.
Updated: Orcadian raises £500k to progress North Sea Pilot field
North Sea operator Orcadian Energy (LON: ORCA) has successfully raised £500,000 by means of a share placing on the London Stock Exchange.