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
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.
EnQuest ‘looking at’ new North Sea opportunities
North Sea oil and gas operator EnQuest plans to make “select investments” in its existing portfolio, chief executive Amjad Bseisu said yesterday.
EnQuest and Dana reach deal over Eagle drilling
Oil producer EnQuest said yesterday it had struck an agreement with Dana Petroleum on the Eagle discovery in the central North Sea.
EnQuest says Dana withdrawing from Eagle discovery
EnQuest said today that Dana Petroleum had "confirmed its intention" to exit the Eagle discovery in the central North Sea.
EnQuest hit by delays in ramping up production from Kraken
EnQuest said today that operational issues with the FPSO for the Kraken field had forced the North Sea operator to lower its short-term production forecasts.
Update: Majors, minnows scoop up blocks in North Sea bidding round
The Oil and Gas Authority (OGA) has dished out a dozen licences to 10 companies in its supplementary 2016 North Sea bidding round.
EnerQuip aims to double its workforce after £3m investment in new HQ
An oil and gas services firm launched in Aberdeen just over two years ago has invested £3million in new headquarters amid plans to double the size of its workforce during the next year.
Wave of new jobs hits the North Sea
Mariner’s job creation is a further boost for the North Sea after a flurry of recruitment announcements by the oil and gas industry.
Enquest jumps on hopes new field to ease debt
EnQuest Plc climbed the most in three months in London trading on speculation borrowings will fall following the start of production at its Kraken oil field in the U.K. North Sea.
Exclusive: How Enquest rode the oil price storm to deliver Kraken
EnQuest is determined to keep its “growth story” going after overcoming a period of uncertainty to achieve first oil from the Kraken field.
Updated: Enquest celebrates first oil from North Sea’s Kraken
Enquest this morning confirmed first oil from its flagship Kraken development.
No hidden barriers to investment remain, OGA chief says
The boss at the Oil and Gas Authority (OGA) said yesterday that remarkable progress had been made to create an “investment friendly climate” in the North Sea.
EnQuest has new pipeline plan for Kittiwake
North Sea operator EnQuest has asked for permission to put a new water injection pipeline in the Greater Kittiwake Area (GKA).
Private equity not a major player in oil and gas … yet, lawyer says
Private equity is not a major player in oil and gas yet, but recent entries could signal a shift in the funding of companies and projects, a corporate lawyer has said.
Xcite liquidators confident of selling Bentley field before licence expires
Liquidators are confident they will wrap up the sale of one of the North Sea’s biggest undeveloped discoveries before the licence expires.
UPDATED: Oil workers’ cancer fears after rig radiation exposure
oil workers have been left fearing they will develop cancer after being exposed to radiation while on a North Sea platform.
EnQuest back in the black
EnQuest chief executive Amjad Bseisu said yesterday he expected North Sea mergers and acquisitions (M&A) activity to increase in 2017.
UPDATED: EnQuest streamlines, Kraken remains on track, BP acquisitions progressing
EnQuest made a marginal profit last year after streamlining its operations by reducing overheads and increasing production.
HSE warns EnQuest over gas leak
The Health and Safety Executive (HSE) has warned EnQuest following a gas leak on its Producer FPSO last year.
Sale of Xcite Energy dragging on
The sale of Xcite Energy looks set to drag on after liquidators said they were still working on a deal.
Two significant North Sea milestones in one day
Two major new milestones for the beleaguered UK North Sea oil and gas industry have highlighted resilience in the face of a downturn.
EnQuest confirms Kraken FPSO on site
EnQuest confirmed today that the vessel for its flagship North Sea Kraken field had arrived on site.
Ithaca boss pledges security for staff in Delek takeover
Bosses at Ithaca Energy said it would be “business as usual” for the North Sea oil producer following its anticipated takeover by Israeli firm Delek Group.