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.
Ping Petroleum
North Sea oil operators delay projects due to election uncertainty
Viaro, TotalEnergies and Ping Petroleum have all been tipped to slow progress on UK projects due to political uncertainty.
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 to reawaken North Sea giant
Ping Petroleum has picked up a trio of North Sea licences, including that pertaining to the slumbering Hutton field.
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: 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.
Energy drives quarterly profit at Ping owner DNex
Dagang NeXchange (DNeX) has announced a profitable quarter, as higher volumes and oil prices drove held up earnings across the company.
Ping completes Rapid farm-in deal at Fyne
Ping Petroleum has confirmed the completion of a farm-in deal for the Fyne field in the North Sea, with plans for a one-well development due online in 2026.
Ping Petroleum signs up for late-life Malaysian work
Abu reached a peak of 15,000 barrels per day in 2008. The agreement should give Ping the ability to monetise the Abu Kecil and Abu SW Upthrown fields.
Fyne: Control of 75-million barrel UK oilfield sold to Ping and Hibiscus
The UK arms of Hibiscus Petroleum and Ping Petroleum have signed a deal with Rapid Oil Production to take majority stakes in the 75-million-barrel Fyne field.
Regulator queries power, flaring plans for Ping’s Avalon field
The UK’s offshore regulator has asked Ping Petroleum for further information on its proposed Avalon development in the Outer Moray Firth.
Ping Petroleum decries windfall tax and ‘out of alignment’ regulators
North Sea minnow Ping Petroleum has criticised the UK government's windfall tax and decried "out of alignment" regulators overseeing the industry.
Ping Petroleum profits up more than fivefold after Anasuria overhaul
Ping Petroleum helped maintain profits for its parent DNeX last quarter, as higher oil prices and production helped offset declines in other areas of the group.
Ping Petroleum wins first Malaysia oil and gas PSCs
Petronas has awarded Ping Petroleum two production sharing contracts (PSCs) for discovered oil and gas resources in Malaysia marking the company’s debut in its home country.
Ping Petroleum presses ahead with ‘pioneering’ Avalon oilfield in UK North Sea
Ping Petroleum is pressing ahead with plans to develop the Avalon field in the UK North Sea, hailed by bosses as a “pioneering scheme” to slash production emissions from oil and gas.
Avalon: Ping Petroleum pushes back investment decision on North Sea oilfield
Ping Petroleum has moved back its timeline for a final investment decision (FID) on the Avalon oilfield in the North Sea.
‘All systems go’ for Ping Petroleum at Avalon field
Key papers for the development of the Avalon field are to be lodged at any moment, the operator has confirmed.
Ping helps propel DNeX to over £134m in profits
Ping Petroleum owner DNeX has published "stellar results" for the financial year ended 30 June 2022, with nearly £135 million in profits after tax and revenues of £270m.
Hummingbird FPSO granted new mythic title ahead of journey to Avalon
Ping Petroleum has renamed the Hummingbird floating production storage and offload (FPSO) vessel “Excalibur” ahead of its planned redeployment at the Avalon field.
Cerulean, Ping sign deal to secure floating wind for Avalon
Cerulean Winds and Ping Petroleum UK have signed a new agreement that would create one of the UK’s first oil and gas facilities powered almost exclusively by offshore wind.
Hummingbird deal delivers major jobs boost for Aberdeen
Global Engineering and Construction (E&C) expects to create about 100 new jobs in Aberdeen after securing further work with North Sea oil producer Ping Petroleum.
Hummingbird Spirit FPSO set for Ping Petroleum Avalon oilfield
The Hummingbird Spirit FPSO has been given a new lease on life and a new owner; destined for the Ping Petroleum Avalon field in the North Sea.
New North Sea oilfield Avalon to be developed with FPSO and floating wind combo
A “key milestone” has been reached for Avalon, a new oilfield in the UK North Sea, to go ahead.
2022 is ‘opportune time’ to go ahead with UK Avalon oilfield: DNeX
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.