EnQuest plans ‘funnel’ of UK North Sea’s largest oil projects
Boss says EnQuest will "prove up" heavy oil capabilities on Bressay before targeting Bentley.
Bentley
East of Shetland: Will the UK’s heavy oilfields overcome their challenges?
The East of Shetland is home to some of the largest untapped resources in UK waters but sits among the regions with the greatest challenges for development.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
EnQuest more than doubles profits on high oil price
North Sea operator EnQuest (LON: ENQ) is the latest company to reap the rewards of “strong production” and “high commodity prices”.
EnQuest swings back to profit despite production woes
EnQuest (LON: ENQ) cut into its debt and moved back into the black in its 2021 results, despite a series of troubles knocking back production levels.
EnQuest completes Bentley acquisition from Whalsay
EnQuest has announced the completion of its acquisition of the Bentley field, one of the North Sea’s largest untapped discoveries, from Whalsay Energy.
‘I wish EnQuest well’ says Xcite boss on ‘challenging’ Bentley discovery
A boss of the collapsed firm Xcite Energy, which used to own the Bentley discovery, has wished new operator EnQuest well on the project.
Whalsay records big impairment on Bentley field amid Covid-hit sales process
Whalsay Energy booked an impairment charge of £52.7 million ($69m) on its Bentley field based on offers it received as part of a Covid-hit sale and farm-out process.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
‘Flexible’ Whalsay on the hunt for Bentley partners
Whalsay Energy is seeking partners to help it develop the Bentley field in the UK North Sea.
Equinor looks to Rosebank and Bressay projects after Mariner
Equinor will look to develop its Rosebank and Bressay projects in the North Sea once production levels have been ramped up at the new Mariner field.
Liberum Capital pulls out as Xcite Energy broker
Xcite Energy said Liberum Capital has agreed to resign as nominated adviser and broker to the firm with immediate effect.
Statoil touted as potential bidder for Xcite’s Bentley field
Norwegian oil and gas giant Statoil has been touted as a potential bidder for troubled Xcite Energy’s Bentley field in the North Sea.
What we know so far: Xcite Energy in distress
Xcite Energy is facing liquidation after bondholders rejected a debt for equity swap.
Shareholder says he is “one of the luckier ones” after losing £25k in Xcite Energy
A shareholder in Xcite Energy has described himself as "one of the luckier ones" after losing an estimated £25,000.
Xcite Energy shares sink after company warns of bond dilemma
Xcite Energy shares dived yesterday after the company said bondholders would pursue enforcement action over their loans unless a restructuring of the financial terms hands them near-100% ownership.
Xcite Energy still on the hunt for North Sea partner for Bentley
Xcite said it has received an extension to the maturity of senior secured bonds granted until the end of September this year as it revealed its results for the first six months of 2016.
Xcite Energy has staffing shake-up
Xcite Energy has had a shake-up to its staff as it looks to review its overhead costs.
Xcite wins more breathing space for Bentley
Xcite Energy has won a further stay of execution in its battle to keep funding requirements manageable amid continuing low oil prices.
Xcite revamps Bentley strategy, makes critical savings
Xcite Energy today confirmed a raft of changes to its Bentley field development plan in a bid to improve efficiency, cost effectiveness and deliverability.
Xcite gets some Bentley breathing space
Xcite Energy said yesterday it had won some breathing space to sort out financial arrangements for its Bentley project in the UK North Sea.
Xcite Energy extends licence for Bentley field
Xcite Energy said its licence containing the Bentley field has been extended until June next year after approval from the OGA (Oil and Gas Authority) and DECC (The Department of Energy and Climate Change).
Xcite hunts partner to finance Bentley field
Oil and gas explorer Xcite Energy said it is still seeking out additional partners to help fund its Bentley Field project amid an industry-wide slowdown in project financing. The Aberdeen-headquartered firm yesterday posted losses of £5million for 2014, against profits of more than £9million a year earlier. Xcite had no revenues to report, as the 300million-barrel Bentley Field, which lies south-east of Shetland, has yet to start producing. In August the firm described the field as one of the North Sea’s largest untapped resources with the potential to produce more than 700million barrels of oil over 35 years.
Xcite Energy signs Bentley Field MOU with COSL
Xcite Energy has signed a Memorandum of Understanding (MOU) with China Oilfield Services Limited (COSL) to provide a harsh environment jack-up drilling rig for its Bentley Field. The company said COSL will work in a collaborative manner in a bid to maximise recovery from the field. The work will also include equipment and personnel to work on the field in the UK North Sea.