‘Fyne deal’: Firm led by ex-TechnipFMC boss buys up Orcadian North Sea discoveries
A firm developing the Fyne oilfield in the North Sea has agreed terms to buy up a pair of discoveries from developer Orcadian Energy (LON: ORCA).
Orcadian Energy
New seismic work leads to resources upgrade at Orcadian’s Pilot
Reprocessed seismic data has led to a nearly 20% increase in mid-case recoverable resources at Orcadian Energy’s Pilot field, offering further incentive to potential farm-out partners.
Orcadian eyes INTOG, farm-out progress at Pilot in 2023
Orcadian Energy will look to the INTOG offshore leasing round to help progress its flagship Pilot development, chief executive Steve Brown said, as the firm looks to make headway in 2023.
Orcadian signs North Sea pact with SLB for wells at Pilot project
Orcadian Energy (LON: ORCA) has signed a pact with SLB (NYSE:SLB) to deliver dozens of wells on its flagship Pilot field in the North Sea.
Orcadian granted second extension for Pilot licence
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.
North Sea firm hits back after Miliband says Labour will oppose offshore drilling
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.
North Sea oil boss tells Farage: ‘The City isn’t stepping up’ on investment plans
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 boss appeals to Truss to incentivise spending to ‘reinvigorate’ sector
North Sea companies have hailed the new prime minister’s decision to side with the oil and gas industry.
Orcadian executes Carra farm-out deal
Orcadian Energy (AIM:ORCA) has executed a formal agreement with Carrick Resources which will see the latter farm in to a 50% share of its Carra prospect in exchange for further seismic interpretation.
Update: Orcadian raises £1m to progress Pilot North Sea project
Orcadian Energy (AIM: ORCA) has announced the successful raising of £1 million to help progress development of its Pilot project in the North Sea.
Investment relief leading to ‘a lot more interest’ in North Sea newcomer Cornerstone
More than a month on from its announcement, the nuances of the recent oil and gas windfall tax still divide opinion.
Electrification could trim 87% off North Sea platform emissions, studies find
Electrification could cost-efficiently bust the vast majority of greenhouse gases arising from North Sea platforms.
Orcadian agrees royalty share seismic deal with TGS
Orcadian Energy has signed a new deal with energy data group TGS, which will see it gain access to 3D seismic data across several of its licences in return for a share of future production royalties.
Cost of new North Sea Pilot oilfield ‘could be reduced by 75%’ by tax incentives
Costs for a planned new North Sea oilfield could be shaved by 75% with new tax incentives, the firm behind it has claimed.
Orcadian Energy floats North Sea electrification plan to shave £1.6bn off costs
North Sea firm Orcadian Energy has shared its electrification blueprint for axing operational oil and gas emissions by up to 80%.
North Sea firm Orcadian Energy writes to Crown Estate Scotland to flag concerns about INTOG
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 gets more time with 25 million-barrel North Sea discovery
Orcadian Energy has been granted more time with one of its North Sea licences after “extensive talks” with the regulator.
‘Uptick’ in North Sea IPOs forecast with high oil and gas prices on course to continue
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
‘$900 million to get to first oil’ for Pilot, says Orcadian Energy CEO
Orcadian Energy is “looking at around about $900 million to get to first oil” for the Pilot field in the central North Sea.
Orcadian ‘keeping options open’ as Pilot work progresses
Having secured assurance from the OGA, Orcadian Energy is now working to progress a low-carbon field development plan for its flagship Pilot field, with a view to bringing partners in 2022.
OGA names winners of £1m platform electrification competition
A trio of projects have won a share of a £1 million pound prize in order to advance platform electrification in the North Sea.
‘Really important step’: Orcadian hits key OGA milestone for development of 80million-barrel Pilot project
Orcadian Energy has taken "a really important step" on the way to pushing through its 80million-barrel Pilot field in the UK North Sea.
Orcadian to farm-out 30million barrel UK prospect to Carrick Resources
Orcadian Energy (LON: ORCA) has announced a deal to farm out the Carra prospect in the UK North Sea to Carrick Resources.
North Sea oil boss caught up in storm over climate change tweets
The boss of a London-listed North Sea oil minnow has deleted his personal Twitter account following criticism of views he expressed on climate change.
Updated: First day on AIM market for Orcadian Energy, firm shares plans to install floating turbine at Pilot field
North Sea firm Orcadian Energy has enjoyed a strong first morning on the London Stock Exchange, raising £3 million.