First full year of windfall tax drives EnQuest to loss
North Sea operator EnQuest (LON:ENQ) posted a loss in its 2023 full year financial results, reflecting the impact of the UK government's windfall tax on oil and gas firms.
Kraken FPSO
Results boost for Bumi Armada after Kraken issues resolved
Bumi Armada posted an uptick in profit and revenues for the third quarter, having resolved issues which took its Kraken FPSO offline during the summer.
Bumi Armada profits dip on production issues at Kraken FPSO
Major production issues at the North Sea Kraken FPSO have hit vessel owner Bumi Armada in the group's pocket.
Kraken production returns to ‘pre-shutdown levels’ after overhaul
Work to overhaul transformers on board the Kraken FPSO has restored production levels, according to an update from vessel operator Bumi Armada.
The Kraken Wakes! North Sea FPSO returns to production following shut down
The Kraken FPSO is back to around 90% production following a hydraulic pump failure that caused work to stop earlier this year.
HSE to ‘look into’ incident on the Kraken FPSO
The Health and Safety Executive (HSE) has said it is looking into the recent hydraulic pump failure on the Kraken vessel that caused production to stop.
North Sea FPSO offline after critical equipment failure
Bumi Armada confirmed that production at the Kraken FPSO has been shut in following a hydraulic pump failure.
Drones to carry out methane emissions survey on Kraken FPSO
Bumi Armada has signed a deal with IKM Testing UK to carry out a drone-based methane emissions survey on the Kraken vessel in the North Sea.
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.
Kraken FPSO ‘almost impossible to electrify’ but EnQuest looks to creative solution
EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset.
‘Various options’ on the table as EnQuest pushes ahead with Bressay and Bentley prospects
Operator EnQuest (LON: ENQ) is exploring a range of options as it draws up plans to develop two major North Sea prospects.