Windfall Tax: Equinor and Harbour Energy exit Bressay oilfield in UK
Equinor (OSLO: EQNR) and Harbour Energy (LON: HBR) have exited their stakes in the Bressay oilfield due to the windfall tax.
Bressay
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.
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 reports progress on production issues at Magnus
EnQuest has reported solid production performance for the year to date, as it continues with workover programmes in the North Sea and offshore Malaysia.
North Sea: 48 discoveries and 2.3 billion barrels – why aren’t they being developed?
The North Sea and West of Shetland has 48 known discoveries with 2.3 billion barrels of oil equivalent, and new research has shed light on the challenges in getting them developed.
EnQuest swings back to profit despite production woes
EnQuest (LON: ENQ) cut into its debt and moved back into the black in its 2021 results, despite a series of troubles knocking back production levels.
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.
‘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.
EnQuest wraps up deal for stake in Bressay field
London-listed EnQuest said today it had completed the £13 million acquisition of a stake in the Bressay field from Equinor.
Updated: EnQuest bosses says recent footprint shrinkage part of ‘natural cycle’
EnQuest bosses said today that the recent shrinking of the firm’s UK North Sea footprint was just part of the “natural cycle”.
Equinor offloads Bressay field to EnQuest in £13million deal
Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
Equinor looks to Rosebank and Bressay projects after Mariner
Equinor will look to develop its Rosebank and Bressay projects in the North Sea once production levels have been ramped up at the new Mariner field.
Statoil boss says Bressay project remains parked
Statoil bosses have said there is still no timescale for developing the Bressay field east of Shetland.
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.
What we know so far: Xcite Energy in distress
Xcite Energy is facing liquidation after bondholders rejected a debt for equity swap.
Prolific Statoil flexes muscles in North Sea
Norwegian energy giant Statoil has been flexing its muscles in the North Sea this month with a number of big announcements.
Statoil, Shell put concept for Bressay field on hold
Norwegian operator Statoil and Shell have decided to put the concept selection process for the Bressay field on the UK Continental Shelf.
Statoil dusts off slimmer, simpler Bressay
Statoil has re-awakened its UK sector Bressay heavy oilfield project and is keen to get both concept selection and investment decision nailed down next year.