Search results for: XER

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  • 2 March 2012

    Xcite Energy (XER) has announced that the Rowan Norway jack-up drilling rig has left Dundee harbour and is being towed to location to commence Phase 1A of the First Phase Development of the Bentley field. XER are 100% owner and operator of Block 9/3b, licence P.1078, containing the Bentley Field in its entirety. The block, […]

  • 7 April 2014
    Business & Finance, Equipment, Project & Tenders

    Xcite Energy Limited, through its 100% subsidiary Xcite Energy Resources Limited (XER), has entered into a Memorandum of Understanding (MOU) with Teekay Shipping Norway AS (Teekay), which sets out the principles of co-operation for the supply of a floating storage and offloading (FSO) facility for the life of the UK CNS Bentley field. The FSO […]

  • 7 April 2014
    Business & Finance

    Xcite Energy has entered into a Memorandum of Understanding with Teekay Shipping Norway AS, which sets out the principles of co-operation for the supply of a bridge linked Sevan floating storage and offloading facility for the life of the Bentley field. XER and Teekay intend to work together on an exclusive basis during the project, […]

  • 6 May 2014

    Xcite Energy announces that its 100% owned subsidiary, Xcite Energy Resources Ltd (“XER”), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd and Shell U.K. Ltd. ,which allows all the Parties to make available and share field-specific technical and operational information for the evaluation of potential synergies and collaboration between the Bentley and Bressay […]

  • 14 January 2011
    Business & Finance

    Extension of Letter of Intent for “Rowan Norway” N-Class Jack-up Rig Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited (“XER”), has entered into an extension to the binding letter of intent (“LOI”) with British American Offshore Limited (“BAOL”), part of Rowan Companies, Inc. for the N-Class “Rowan Norway” jack-up rig. The LOI […]

  • 9 May 2012
    Business & Finance

      Xcite Energy announces that drilling of the 9/3b-7 well on the Bentley field is progressing satisfactorily, having reached a total depth of 6684ft.  The 17½” section has been drilled, 13⅜”casing set, cemented and pressure tested. The 12¼” hole has been drilled. After the 10¾” x 9⅝” liner has been set, cemented and pressure tested, […]

  • 12 June 2013

    Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited (“XER”), has entered into a Memorandum of Understanding (“MOU”) with AMEC Group Limited (“AMEC”) setting out commercial principles for future cooperation to support the development of the Bentley Field.   XER and AMEC will shortly commence a front-end engineering and design (FEED) programme, during which the terms for […]

  • 13 March 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Ocean Installer announces receipt of a Letter of Intent (LOI) from Xcite Energy Resources Ltd (“XER”) for the installation of two oil export pipelines from the Rowan Norway jack-up to a shuttle tanker. The LOI received for XER for the Bentley fields is for the installation of two oil export pipelines of 2.1 km each […]

  • 2 February 2011
    Business & Finance

      Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited (“XER”), has entered into an extension to the binding letter of intent (“LOI”) with British American Offshore Limited(“BAOL”), part of Rowan Companies, Inc. for the N-Class “Rowan Norway” jack-up rig. The LOI has been extended by mutual consent to 11 February 2011 with […]

  • 4 July 2014
    Business & Finance

    Xcite Energy has entered into a Memorandum of Understanding with Aibel AS, which sets out the principles for executing the Engineering, Procurement and Construction of the Ove Arup & Partners (“Arup”) designed self-installing ACE platform selected for the Bentley field in the UK North Sea. Aibel will work with AMEC, the international engineering and project […]

  • 16 June 2014
    Business & Finance

    Xcite Energy has announced the successful placing of US$140 million through the placing of senior secured bonds (the “Bonds”) issued by its 100% UK subsidiary Xcite Energy Resources Limited ( “XER”) and a private placement of shares in the Company (the “Shares”) to new investors. The net proceeds from the bond issue (the “Bond Issue”) […]

  • 8 May 2012
    Business & Finance

    Xcite Energy announces that drilling of the 9/3b-7 well on the Bentley field is progressing satisfactorily, having reached a total depth of 6684ft.  The 17½” section has been drilled, 13⅜”casing set, cemented and pressure tested. The 12¼” hole has been drilled. After the 10¾” x 9⅝” liner has been set, cemented and pressure tested, drilling […]

  • 14 February 2011
    Business & Finance

      Xcite Energy  announces that its 100% subsidiary, Xcite Energy Resources Limited (“XER”), has entered into a binding drilling contract with British American Offshore Limited (“BAOL”), part of Rowan Companies, Inc. for the N-Class “Rowan Norway”, a harsh environment, deep water jack-up unit, designed and built for simultaneous drilling and production, which is currently under […]

  • 12 June 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    AMEC, the international engineering and project management company, has been engaged by Xcite Energy Resources Limited (XER) to undertake engineering services for the Bentley oil field in the North Sea. The companies have also signed a Memorandum of Understanding (MOU) to support the future field development. The value of the engineering services contract, which includes […]

  • 10 September 2014
    Business & Finance, Operations & Maintenance

    Xcite Energy has announced that its 100% owned subsidiary, Xcite Energy Resources plc (XER), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. (Statoil) and EnQuest Heather Limited (EnQuest), in order to share field-specific technical and operational information to evaluate the potential utilisation of common gas import infrastructure between the Kraken, Bentley and Bressay […]

  • 6 December 2011
    Business & Finance

    Xcite Energy announces that, as expected, the Rowan Norway jack-up rig has been made available to Xcite Energy Resources Limited (“XER”) and is now on hire, subject to a satisfactory audit and inspection prior to acceptance. Following acceptance and in accordance with the originally scheduled work programme in Dundee, the rig will be modified to […]

  • 14 December 2011
    Business & Finance

    Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited (“XER”), has signed a letter of intent (“LoI”) with Teekay Shipping Norway AS (“Teekay”) for the provision of a shuttle tanker for the forthcoming Phase 1A of the Bentley field development programme. The LoI anticipates that XER and Teekay will enter into a definitive […]

  • 8 June 2017

    Xcite Energy’s Bentley field in the UK North Sea could have a new owner by the end of June. This is according to FTI Consulting which has been appointed liquidator of the company after Xcite failed to raise funds for debt payment. The company, the operator of the undeveloped Bentley field in the UK North Sea, […]

  • 20 May 2013
    Business & Finance

    Xcite Energy has entered into a non-exclusive, confidential, binding sale and purchase agreement for certain technical data in respect of the Bentley 9/03b-6, 6Z well, and the recently concluded 9/03b-7 and 7Z extended pre-production well test. Under the terms of the Agreement, XER will receive $15 million in respect of the well data and associated […]

  • 2 April 2012
    Business & Finance

    Xcite Energy announces that, following the spudding of the Bentley 9/3b-7 well on 18 March 2012 with the Rowan Norway jack-up drilling rig, good progress has been made in drilling the 36″ hole and setting the 30″ conductor pipe. The 26″ hole has been directionally drilled and the 20″ surface casing has been set and […]

  • 31 May 2013

    Xcite Energy Resources Limited (“XER”), has cancelled its option for a jack-up drilling unit from British American Offshore Limited, a subsidiary of Rowan Companies, Inc. The rig contract was initially entered into in February 2011 and subsequently amended in February 2012 ahead of the pre-production extended well test on the Bentley field, which was completed […]

  • 10 September 2014
    Business & Finance, Equipment, Project & Tenders

    Xcite Energy announces that its 100% owned subsidiary, Xcite Energy Resources plc (“XER”), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. (“Statoil”) and EnQuest Heather Limited (“EnQuest”), in order to share field-specific technical and operational information to evaluate the potential utilisation of common gas import infrastructure between the Kraken, Bentley and Bressay fields. […]