Flurry of deals shows investors still believe in North Sea
A recent spate of acquisitions shows oil companies and investors still see potential in the North Sea, a lawyer said yesterday.
EnQuest
EnQuest swaps cash for more loans to retail investors
North Sea oil producer EnQuest saw its shares slump more than 6% after it revealed plans to raise an additional £5.4million in loan notes instead of paying its lenders interest in cash next month.
North Sea: Old oil field gets new lease of life
An Aberdeed-based offshore firm has pledged to extend the life of one of the North Sea’s oldest oil fields after taking over from BP as operator of the Sullom Voe terminal.
Analysts hail ‘very clever’ deal by BP, EnQuest
Analysts yesterday lauded BP and EnQuest for sealing a “very clever” deal for the transfer of a stake in a North Sea field.
Shetland welcomes new beginning but marks “end of era” for Sullom Voe Terminal
A Shetland councillor has described the change in ownership of the Sullom Voe Terminal (SVT) as the "end of an era", after it was revealed it would change hands from BP to EnQuest.
Updated: BP sells stake and operatorship in North Sea Magnus field to Enquest, option to buy 100%
BP this morning confirmed it had sold off a significant slice of its North Sea Magnus field to Enquest for $85million.
Updated: EnQuest posts record high production, aquires stake in BP assets
Enquest has posted its highest annual production since the company started seven years ago.
Exclusive: Liquidators closing in on North Sea Bentley licence sale
Liquidators are closing in on the sale of one of the North Sea’s largest undeveloped discoveries.
Oil off the boil on dollar surge
Oil prices pared gains after earlier hitting 18-month highs yesterday, the first trading day of 2017.
Enquest promotes Neil McCulloch to COO
Enquest has promoted its North Sea leader, Neil McCulloch, to chief operating officer.
EnQuest told to improve after worker injured on North Sea platform
The UK’s workplace safety body has slapped EnQuest with an improvement notice after a worker was injured on the Thistle Alpha platform in the North Sea in July.
Opinion: Lack of detail on UK Government commitments to North Sea ‘a worry’
It would seem logical that if the UK’s once largest corporation tax payer was going through a difficult time, the UK Government should be trying to do all it can to support it and boost growth and future developments.
Shares issued on LSE for EnQuest after restructuring deal
EnQuest said new shares have been issued on the London Stock Exchange after its restructuring deal was completed earlier this month.
EnQuest confirms financial restructuring complete
EnQuest said it has completed its financial restructuring.
EnQuest announces first oil from Scolty/Crathes
EnQuest has announced that first oil from the North Sea Scolty/Crathes development was today achieved under budget and ahead of schedule.
Kraken FPSO just days away from setting sail for North Sea, EnQuest says
The production and storage vessel for EnQuest’s Kraken field is expected to set sail for the North Sea “in the coming days”, the company said today.
EnQuest gets final nod from US Courts for restructuring
EnQuest has been given confirmation of its Chapter 15 recognition order.
EnQuest boss’s family snaps up 32m shares in company
A company owned by the family of EnQuest chief executive Amjad Bseisu bought £7million worth of new shares in the London-listed oil firm.
EnQuest restructuring closer to activation point after vote
EnQuest’s creditors overwhelmingly backed the firm’s restructuring plans today.
EnQuest says Scolty and Crathes ahead of schedule and under budget
First oil from two UK North Sea fields is on track to arrive sooner than expected.
Yard work completed on EnQuest’s Kraken FPSO
EnQuest said today that the production and storage vessel for its flagship North Sea Kraken development has left a yard in Singapore.
EnQuest hailed as “future” of the North Sea as boss underwrites share placing
EnQuest’s boss hailed the firm as the “future of the North Sea” yesterday after revealing financial restructuring plans that include a share placing worth £82million.
EnQuest strips another £80m off Kraken costs
EnQuest has stripped another $100million (£82million) off the cost of Kraken, one of the UK North Sea’s biggest oil prospects.
EnQuest plans £82m share offer to proceed with North Sea projects
EnQuest said it plans to launch a proposed issuance of equity through a placing and open offer deal which could raise £82million.
Speculation rife about why EnQuest and Delek ended talks over Kraken
A potential farm-out deal for one of the UK North Sea’s biggest oil prospects has collapsed.