UK ‘completely uncompetitive’ for oil and gas investment, says EnQuest CEO
EnQuest (LON: ENQ) CEO Amjad Bseisu has warned that the UK is “completely uncompetitive” for upstream oil and gas investment.
EnQuest
EnQuest takes first half loss, calls for government action
"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.
Workers on EnQuest’s Kittiwake platform balloted for strike action
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.
EnQuest and BW Offshore secure multi-million pound loans
Oil firm EnQuest and vessel owner BW Offshore have both secured multi-million pound loans to finance ongoing operations.
Kraken production returns to ‘pre-shutdown levels’ after overhaul
Work to overhaul transformers on board the Kraken FPSO has restored production levels, according to an update from vessel operator Bumi Armada.
EnQuest Heather platform to go to Denmark for decommissioning
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.
Windfall Tax price floor: What difference will it make to the North Sea?
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.
Hydrogen: Nine projects to watch out for in north-east Scotland
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?
North Sea FPSO offline after critical equipment failure
Bumi Armada confirmed that production at the Kraken FPSO has been shut in following a hydraulic pump failure.
Bumi Armada revenue falls, cuts leverage
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 confirms award of four CCS licences in Q2 update
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.
Who won offers in the UK CCS 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.
Saipem wins deal to remove and scrap EnQuest’s Thistle A platform
Italian contracting giant Saipem has been picked to assist in the decommissioning of an aged North Sea installation.
Who’s bidding in the first ever UK CCS licensing round?
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.
EnQuest to make Sullom Voe Terminal infrastructure ‘fit for purpose’
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.
EnQuest signs up to gas plan with Petronas
The company launched a well workover campaign on the area in June 2022, adding three horizontal wells to its portfolio.
1,300 North Sea workers launch strikes in ‘biggest offshore stoppage in a generation’
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.
WATCH: EnQuest shares documentary as North Sea’s Magnus turns 40
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.
Shakeup in league table of UK North Sea top producers
The league table of the top 15 production hubs in the UK North Sea has seen a raft of changes in the last year.
North Sea firm EnQuest to see three board members leave
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.
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.
Saipem lands near £525 million in global contracts
Saipem has announced three new offshore contracts and two Front End Engineering Design (FEED) contracts with a total value of £524.9 million ($650m).
Sodexo extends Shetland contract for a sum of £7.5 million
Catering firm, Sodexo, has bagged a contract extension worth £7.5 million with the EnQuest-operated Sullom Voe Terminal in the Shetland Islands.
Enquest office tower hits Aberdeen market with £42 million price tag
An major office landmark of the Aberdeen skyline has been put up for sale with a £42 million price tag.
EnQuest shelves Kraken drilling in response to windfall tax changes
Operator EnQuest (LON: ENQ) is to defer drilling at its Kraken field following last year’s changes to the North Sea windfall tax.