Magnus acquisition my ‘cup of tea’, EnQuest boss says
EnQuest bosses said yesterday its acquisition of 75% of the Magnus field, giving it 100%, would deliver a huge “step change” for the oil firm.
EnQuest
Updated: EnQuest will pay £230m for 100% of Magnus field, shares slide
Oil firm EnQuest said today that it would exercise an option to buy the remaining 75% interest in the Magnus field from BP for £230 million.
Kraken sinks Armada’s results
Malaysia’s Bumi Armada fell to a second quarter loss due to charges relating to the Kraken FPSO.
Strong production helps EnQuest wipe out debt chunk early
Oil firm EnQuest said strong production performance had helped it wipe out £37 million worth of debt early.
Unlit flare created explosion risk on North Sea platform
A gas build-up on a North Sea platform exposed workers to an explosion risk, a new safety report said.
Brent and Ninian North Sea fields back up and running
Production has restarted at two North Sea fileds after pipework repairs at the connected Sullom Voe Terminal on Shetland.
EnQuest chief to sleep rough for charity
EnQuest's chief financial officer will sleep rough in London tonight to help raise money for charity.
Enquest waiting on the ‘right offer’ for Kraken sale
Enquest says it is waiting on the “right offer” for the sale of a 20% stake in its Kraken field in the North Sea.
Enquest announces production boost in full year results
Enquest has announced it is set for a boost in production in 2018, bolstered by its North Sea Kraken development.
Cairn to spearhead more North Sea exploration, content with Kraken, Catcher stakes
Scottish oil firm Cairn Energy said yesterday that it would get to work on its first operated exploration well in UK waters later this year.
Spirit Energy recruits ex-EnQuest chief McCulloch
North Sea oil firm Spirit Energy has appointed EnQuest's former chief operating officer as its technical and HSE director.
Tax history transfer could cause M&A deal delays
There could be a “glut or a delay” in North Sea merger and acquisition activity towards the end of 2018, as firms wrap their heads around the prospect of transferable tax history legislation.
Updated: EnQuest knocks down Kraken costs, expects output to lift
North Sea oil producer EnQuest said today it had managed to knock down the cost of its Kraken field project, which started producing in June.
New offer put forward after Odfjell workers vote to reject ‘considerable’ pay cuts
Odfjell Drilling has put forward another revised pay offer after north-east workers voted to reject earlier proposals.
EnQuest’s control of Thistle decommissioning likely to lower costs
A deal to put EnQuest in charge of decommissioning two North Sea fields should drive down costs, an analyst said yesterday.
Enquest strikes $50m North Sea decom deal with BP
Enquest this morning confirmed it has struck a $50million deal with BP to absorb the decommissioning management of two of the oil major's North Sea fields.
Water contamination problem on Magnus platform solved
An issue with the water supply at the North Sea Magnus platform, which led to a contamination issue with diesel last year, has now been fixed.
EnQuest looks to sell stake in Kraken field, report says
North Sea oil firm EnQuest is trying to sell a 20% stake in its £2billion Kraken field, a news report said.
EnQuest COO McCulloch leaves ‘by mutual agreement’
Oil producer EnQuest said today that its chief operating officer had left the company "by mutual agreement".
EnQuest ordered to improve after high O2 levels detected in oil tank
Oil firm EnQuest has been ordered to improve safety procedures after high oxygen levels were discovered in an oil tank system on one of its installations.
EnQuest feeling ‘blessed’ after Magnus, Sullom Voe acquisition
A manager at EnQuest said yesterday that the company felt “blessed, not cursed” after completing a deal to become operator of another North Sea field and a major oil terminal.
Updated: EnQuest takes over at Sullom Voe, Magnus as BP deal closes
EnQuest became the operator of another North Sea field and a major oil terminal today.
North Sea’s Kraken strong performance allows Enquest to focus on debt pile
Enquest's flagship North Sea Kraken development has got off to a flying production start.
EnQuest reveals £75m cash boost
Oil firm EnQuest said today that it had received a multi-million pound cash boost as part of its ongoing drive to improve liquidity.
Kraken FPSO completes first oil offload in North Sea, fastest in decade
The vessel on EnQuest’s Kraken field in the North Sea has made its first oil cargo delivery in what is thought to be fastest operation of its kind in the past decade.