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.
Kraken
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.
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 restructuring closer to activation point after vote
EnQuest’s creditors overwhelmingly backed the firm’s restructuring plans today.
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.
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.
Enquest fails to farm-out North Sea Kraken
Enquest today confirmed its discussions with Delek regarding a possible North Sea farm-out have officially "terminated".
Getting rid of “North Sea premium” helps slash opex at EnQuest
Bosses at EnQuest said yesterday that avoiding “North Sea premiums” had helped the firm bring down its operating costs to $23 per barrel in the first half of 2016.
Enquest gets costs down to $23 per barrel, shaves $150million off Kraken bill
Enquest today confirmed it whittled its operating costs down to $23 per barrel for the first half of the year.
EnQuest investors look for Kraken reassurance in H1 results, report says
Investors in EnQuest expect the North Sea explorer to provide a timeline for the development of the Kraken field later this week, an analyst was quoted as saying in a news report.
Israel’s Delek in talks to buy 20% of North Sea Kraken discovery
Israel’s Delek Group said yesterday it was at an advanced stage of talks over a deal to acquire a 20% stake in one of the UK’s biggest oil prospects.
Keppel on track to deliver North Sea Kraken FPSO
Keppel Offshore & Marine said it is on track to deliver a Floating Production Storage and Offloading (FPSO) veseel to Armada Kraken.
Green lawyers report Cairn Energy to UK financial watchdog
An environmental law firm has reported Cairn Energy to the UK financial regulator, accusing the Edinburgh-based firm of “defective” reporting.
Cairn says Kraken and Catcher still on for first oil in 2017
Scottish oil explorer Cairn Energy said today the North Sea Catcher and Kraken fields are still on track for first oil in 2017.
Delek aims to beef up UK North Sea portfolio
Israel’s Delek Group is looking to bolster its UK oil and gas assets after starting discussions aimed at giving it a large stake in one of the North Sea’s biggest prospects.
EnQuest, Delek in talks for 20% farm-out deal on Kraken
EnQuest said it is holding discussions with Delek Group for the sale by the company for one of its interests in the Kraken Development.
Enquest denies debt talks with OGA
Enquest was today forced to make a statement denying it was in debt talks with the Oil and Gas Authority (OGA).
EnQuest increases production and remains on track for strong 2016
EnQuest expects to deliver its full year production guidance this year citing improved performance from its North Sea assets as a major factor in the increase.
Cairn Energy pushes ahead with projects ahead of schedule and under budget
Two of the largest ongoing development projects in the UK North Sea are under budget and ahead of schedule, one of its shareholders confirmed yesterday.
‘We’ve got the cash to fund Catcher and Kraken’ , insists Cairn Energy
Cairn Energy today insisted despite a depressed Brent price, the firm was in a “robust financial position” and able to push ahead with the North Sea’s Catcher and Kraken developments.
EnQuest drafts in help to manage debts
EnQuest has reportedly drafted in help to manage its debt portfolio as it battles a depressed oil price environment.
First Oil administrators begin sell off as Cairn and EnQuest step in
Administrators have begun the task of securing what they can following the demise of Aberdeen oil company First Oil.