EnQuest (LON: ENQ) CEO Amjad Bseisu has warned that the UK is “completely uncompetitive” for upstream oil and gas investment.
"The UK's oil and gas sector faces significant challenges and loss of competitiveness due to uncertainty following the adverse changes to the fiscal regime,” said EnQuest CEO Amjad Bseisu.
Petrofac workers stationed on the EnQuest-operated Kittiwake platform are to be balloted for strike action in a dispute over pay and so-called ‘clawback’ policies.
Oil firm EnQuest and vessel owner BW Offshore have both secured multi-million pound loans to finance ongoing operations.
Work to overhaul transformers on board the Kraken FPSO has restored production levels, according to an update from vessel operator Bumi Armada.
The EnQuest (LON: ENQ) Heather oil and gas platform will go to Denmark for decommissioning, with a key contract handed out to a yard today.
While it’s not a panacea - and may never actually kick into force - the windfall tax price floor could help with financing the $5bn of North Sea projects awaiting FID.
North and north-east Scotland aim to be at the centre of the emerging hydrogen economy – but where will all those low-carbon energy supplies come from?
Bumi Armada confirmed that production at the Kraken FPSO has been shut in following a hydraulic pump failure.
At the end of the quarter, Bumi Armada’s order book was 11.1 billion ringgits ($2.39bn). It has options for another 9.3bn ($2.01bn).
EnQuest reported solid production performance for the year so far, and confirmed its allocation of four carbon storage licences in the UK’s first licensing round.
Energy Voice offers a rundown of the North Sea operators who have successfully bagged permits under the UK’s first ever carbon storage licensing round.
Italian contracting giant Saipem has been picked to assist in the decommissioning of an aged North Sea installation.
With awards rumoured to be on the way, we take a look at the companies who have announced public bids for acreage in the first UK CCS licensing round.
The operator of the Sullom Voe Terminal, EnQuest (LON: ENQ), is planning to rework its processing facilities to make the site smaller and reflect “substantially” reduced production rates.
The company launched a well workover campaign on the area in June 2022, adding three horizontal wells to its portfolio.
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.
EnQuest (LSE:ENQ) has shared a new documentary which looks back on the past, present and future of the Magnus platform as it approaches its 40th year.
The league table of the top 15 production hubs in the UK North Sea has seen a raft of changes in the last year.
The UK-based oil and gas producer, EnQuest (LON:ENQ), is set to see three members of its board leave the company following its annual general meeting in June.
Saipem has announced three new offshore contracts and two Front End Engineering Design (FEED) contracts with a total value of £524.9 million ($650m).
Catering firm, Sodexo, has bagged a contract extension worth £7.5 million with the EnQuest-operated Sullom Voe Terminal in the Shetland Islands.
An major office landmark of the Aberdeen skyline has been put up for sale with a £42 million price tag.
Operator EnQuest (LON: ENQ) is to defer drilling at its Kraken field following last year’s changes to the North Sea windfall tax.