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MARKETS

Pilot increasing Cliff Head stake 

TRIANGLE Energy is about to begin its first seismic work since 2019's Xanadu joint venture and it is also handing over operatorship of the Cliff Head oil field to junior partner Pilot Energy. 

Helen Clark
Cliff Head Alpha platform

Cliff Head Alpha platform

Pilot will increase its holdings to 57.5%, up from around 25% now in the offshore oil project.    This means the company can also pursue its plans to work on carbon capture and storage in the depleted...

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