Neptune Energy is progressing its PosHYdon offshore green hydrogen pilot project in the Dutch North Sea and its DelpHYnus blue hydrogen project in the UK, the company said May 13 in a results statemen
And this list will undoubtedly grow in the coming weeks and months as more companies seek to get an early foot in the door of what is expected to be an enormous and potentially lucrative new sector. Let s not forget that despite the massive potential for green hydrogen to decarbonise transport, heating and heavy industry, this is still a nascent sector the largest electrolyser currently in operation is only 20MW.
The thinking behind leaping from megawatt-scale to gigawatt-scale is that the future demand for green H
2 will be gigantic, and that costs can be quickly driven down through economies of scale, with a view to making renewable hydrogen cheaper than highly polluting grey (produced from unabated natural gas or coal) by 2030.
PrimaryBid Offer in Relation to Proposed Acquisition Kistos ( LON: KIST ), the AIM quoted closed-ended investment company which has been established with the objective of creating value for its investors through acquisitions and management of companies or businesses in the energy sector , is pleased to announce a conditional offer for subscription via PrimaryBid (the PrimaryBidOffer ) of new ordinary shares of nominal value 10 pence each in the Company ( New Ordinary Shares ). The price at which the New Ordinary Shares will be placed will be determined at the end of the bookbuild (the Issue Price ) . The Company is also conducting a placing (the Placing ) and subscription (the Subscription )
Netherlands: Kistos announces PrimaryBid Offer in relation to proposed acquisition of Tulip Oil Netherlands
14 Apr 2021
Kistos, the AIM quoted
closed-ended investment company which has been established with the objective of creating value for its investors through acquisitions and management of companies or businesses in the energy sector, has announced a conditional offer for subscription via
PrimaryBid of new ordinary shares of nominal value 10 pence each in the Company. The price at which the New Ordinary Shares will be placed will be determined at the end of the bookbuild. The Company is also conducting a placing and subscription of New Ordinary Shares at the Issue Price with institutional and other investors as announced on 12 March 2021.
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Kistos, a closed-ended investment company which has been established with the objective of acquiring and managing companies or businesses in the energy sector, has entered into a binding share purchase agreement, subject to customary conditions precedent, to acquire the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. from Tulip Oil Holding B.V.
The acquisition comprises a controlling (60%) interest in the Q10-A offshore gas field together with interests in a suite of offshore exploration and production licences in the Dutch North Sea. Tulip Oil Netherlands Offshore B.V. owns an operating interest in the Q10-A offshore gas field and interests in other fields in the Dutch North Sea, including the Q10-B, Q11-B and M10/M11 discoveries, and other exploration and appraisal projects. The Q10-A field has 2P reserves of 19.5 million boe.