EnQuest shelves Kraken drilling in response to windfall tax changes
Operator EnQuest (LON: ENQ) is to defer drilling at its Kraken field following last year’s changes to the North Sea windfall tax.
EnQuest
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.
HSE flags containment risk on EnQuest’s Magnus platform
The Health and Safety Executive (HSE) has warned EnQuest (LON:ENQ) over inadequate integrity testing and risk assessment at its Magnus platform.
EnQuest picks Saipem for Heather jacket removal
EnQuest (LON: ENQ) has hit a “significant milestone” in its campaign to decommission a decades old North Sea field.
EnQuest CEO takes shot at ‘particularly unstable’ UK tax system
Interview suggests North Sea was the high-growth area for EnQuest, but could be replaced by Asia in wake of the UK windfall tax
Jefferies: High oil price could double value of Harbour, Ithaca and EnQuest
The value of several North Sea operators could soar this year, according to ambitious predictions made by US investment bank Jefferies.
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.
NSTA names and shames as North Sea operators Equinor, EnQuest and Spirit hit with £265,000 fines
EnQuest was slapped with what is believed to be the largest fine issued by the North Sea Transition Authority (NSTA) to date.
North Sea players plan ‘Hydrogen Highway’ from Scotland to Rotterdam
A consortium of North Sea companies have launched a new initiative to create a “Hydrogen Highway” from Scotland to Rotterdam.
Updated: Diamond veteran takes over as chairman at EnQuest
Oil and gas firm EnQuest (LON: ENQ) has named a diamond and mining industry veteran as its new chairman.
Cnooc’s Golden Eagle field declining faster than anticipated
Production from Cnooc’s Golden Eagle is “lower than expected”, the result of “higher than anticipated rates of decline”.
North Sea firm EnQuest eyeing ‘significant infrastructure reuse’ to deliver CCS
Operator EnQuest (LON: ENQ) has emerged as the latest North Sea firm to throw its hat into the carbon capture and storage (CCS) ring.
Windfall Tax: Ithaca to benefit, EnQuest and Neptune to feel the pinch
Ithaca Energy (LON: ITH) will benefit from recent changes to the windfall tax, but rivals Neptune Energy and EnQuest (LON: ENQ) will be harder hit, according to new research.
North Sea independents see shares drop on windfall tax announcement
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
EnQuest takes another step to slash debt pile
EnQuest (LON: ENQ) has taken another step to cut into its debt pile, which is now nearly half as much as it was at the end of 2021.
HSE flags lack of barriers to ‘major accident’ on Kraken FPSO
A vessel owner has been ordered to up its game after a raft of issues related to the monitoring and managing of alarms were uncovered on a North Sea ship.
Allseas lands contract to remove EnQuest Heather platform topsides
Allseas has won the contract to remove the topsides of the 45-year-old EnQuest (LON: ENQ) Heather platform in the North Sea.
Bridge receives ‘multiple offers’ for North Sea redevelopment but licence roadblock beckons
Bridge Petroleum has reported “multiple offers” for its Galapagos North Sea redevelopment; however, licensing rules may produce a roadblock.
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 and Repsol Sinopec set out clutch of upcoming decom contracts
North Sea operators EnQuest (LON:ENQ) and Repsol Sinopec Resources UK have set out a series of upcoming decom contracts for nearly 200 oil and gas wells.
The FPSO is away, but will the BP Foinaven field be redeveloped?
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
EnQuest ‘reviewing future capex’ in light of windfall tax incentives
EnQuest (LON:ENQ) has reported a 'good start to the year,' as it focuses on maintaining production and reducing debt, and intends to review its capex plans in the wake of new windfall tax investment incentives.
Petrofac passes 20 years on Kittiwake with new EnQuest extension
Petrofac (LON: PFC) has landed a contract extension with EnQuest – taking it beyond 20 years as the duty holder on the Kittiwake asset in the North Sea.
BP unveils plans to fund new gas pipeline at Sullom Voe terminal
Energy giant BP has confirmed plans to fund a new gas pipeline at the Sullom Voe terminal.
Dana Petroleum appoints new COO from EnQuest
North Sea oil and gas firm Dana Petroleum has announced the appointment of a new chief operating officer.