EnQuest shareholders back Magnus, Thistle deals
EnQuest bosses said today that the company had received the all-clear from shareholders to increase its stake in the Magnus field.
Magnus
Magnus acquisition my ‘cup of tea’, EnQuest boss says
EnQuest bosses said yesterday its acquisition of 75% of the Magnus field, giving it 100%, would deliver a huge “step change” for the oil firm.
Updated: EnQuest will pay £230m for 100% of Magnus field, shares slide
Oil firm EnQuest said today that it would exercise an option to buy the remaining 75% interest in the Magnus field from BP for £230 million.
Updated: EnQuest knocks down Kraken costs, expects output to lift
North Sea oil producer EnQuest said today it had managed to knock down the cost of its Kraken field project, which started producing in June.
EnQuest feeling ‘blessed’ after Magnus, Sullom Voe acquisition
A manager at EnQuest said yesterday that the company felt “blessed, not cursed” after completing a deal to become operator of another North Sea field and a major oil terminal.
Updated: EnQuest takes over at Sullom Voe, Magnus as BP deal closes
EnQuest became the operator of another North Sea field and a major oil terminal today.
BP taking workers off Magnus platform amid contamination fears
Workers are being removed from a North Sea platform over ongoing problems with diesel contaminating its water supply.
Probe continues into diesel contamination on BP platform
Investigations are ongoing on a BP operated North Sea platform to try and find out how diesel contaminated part of the installation's water supply.
BP’s North Sea rig workers told not to drink tap water offshore
Offshore workers were banned from drinking the tap water on their platform after it was found to be contaminated with diesel – but were told to keep showering in it.
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.
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.
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.
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.