EnQuest completes Bentley acquisition from Whalsay
EnQuest has announced the completion of its acquisition of the Bentley field, one of the North Sea’s largest untapped discoveries, from Whalsay Energy.
Xcite Energy
‘I wish EnQuest well’ says Xcite boss on ‘challenging’ Bentley discovery
A boss of the collapsed firm Xcite Energy, which used to own the Bentley discovery, has wished new operator EnQuest well on the project.
‘Flexible’ Whalsay on the hunt for Bentley partners
Whalsay Energy is seeking partners to help it develop the Bentley field in the UK North Sea.
New North Sea firm Whalsay to develop Bentley field after buying it for $1
Industry veteran Paul Warwick will spearhead efforts to develop one of the North Sea’s largest undeveloped discoveries, the Bentley field.
Bentley field sale expected to conclude this month
Liquidators are still on course to sell off one of the North Sea’s biggest undeveloped discoveries before the licence expires at the end of June.
Xcite liquidators confident of selling Bentley field before licence expires
Liquidators are confident they will wrap up the sale of one of the North Sea’s biggest undeveloped discoveries before the licence expires.
Sale of Xcite Energy dragging on
The sale of Xcite Energy looks set to drag on after liquidators said they were still working on a deal.
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.
Xcite Energy appoints liquidators, seeks quick sale
Xcite Energy has has appointed liquidators in a bid to seek a fast sale, it was today confirmed.
Kew resigns from non-executive director role at Xcite
A non-executive director has left embattled North Sea firm Xcite Energy.
Liberum Capital pulls out as Xcite Energy broker
Xcite Energy said Liberum Capital has agreed to resign as nominated adviser and broker to the firm with immediate effect.
Statoil touted as potential bidder for Xcite’s Bentley field
Norwegian oil and gas giant Statoil has been touted as a potential bidder for troubled Xcite Energy’s Bentley field in the North Sea.
Welsh warns of Xcite “ripple effect” on supply chain
Xcite Energy’s slide towards liquidation could lead to the collapse of North Sea supply chain companies, an energy finance expert said yesterday.
What we know so far: Xcite Energy in distress
Xcite Energy is facing liquidation after bondholders rejected a debt for equity swap.
Shareholder says he is “one of the luckier ones” after losing £25k in Xcite Energy
A shareholder in Xcite Energy has described himself as "one of the luckier ones" after losing an estimated £25,000.
Xcite mess shows liquidity crisis coming to pass, energy finance expert says
Energy finance expert Colin Welsh said yesterday that the disarray at Xcite Energy was part of the impending North Sea liquidity crisis he warned of earlier this year.
“Big blow” as bondholders reject deal and liquidate Xcite Energy
Bondholders of the owner of a key North Sea field have rejected a restructuring plan and have moved to call in liquidators.
Xcite agreed bonds deal
Xcite Energy enjoyed a small share price recovery after it agreed a deal with owners of its £100million debt pile.
Xcite Energy shares sink after company warns of bond dilemma
Xcite Energy shares dived yesterday after the company said bondholders would pursue enforcement action over their loans unless a restructuring of the financial terms hands them near-100% ownership.
Xcite Energy shares collapse as investors facing a wipeout
Shares in Xcite Energy plunged almost 70% last night after the firm warned a planned restructuring would see shareholders’ stakes nearly wiped out.
Xcite Energy forced to address stock surge
Xcite Energy was forced to issue a statement today after its stock shot-up after a steady month of decline.
What we know so far: Xcite Energy’s Bentley project
Xcite Energy has been seeking out partners to help fund its North Sea Bentley Field for months amid an industry-wide slowdown in project financing.
Xcite Energy calls AGM as it looks for Bentley partner and negotiates bond restructure
Xcite Energy (Lon:XEL) will hold its Annual General Meeting this month as it continues to seek out a partner for its Bentley field development and continues negotiations for a possible bond restructuring.
Xcite Energy has staffing shake-up
Xcite Energy has had a shake-up to its staff as it looks to review its overhead costs.
Xcite Energy looks for bond extension
Oil company Xcite Energy has confirmed Nordic Trustee has called a bondholders' meeting to be held later this month.