EnQuest bosses said today that the recent shrinking of the firm’s UK North Sea footprint was just part of the “natural cycle”.
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
EnQuest said today it had removed the troublesome oil storage tanks from the jacket of its Thistle platform in the UK northern North Sea.
EnQuest is not seeking to make compulsory redundancies for its “unionised” workforce at the Sullom Voe Terminal in Shetland, according to Unite.
Babcock helicopters took their first flight out of Shetland on Wednesday following a new five-year shared contract with three oil and gas operators.
Oil firm EnQuest will shrink further after deciding to call time on a group of fields in the northern North Sea.
Engineering service firm Babcock International slumped into the red in 2019-20 after suffering hefty impairments largely pinned on the “deteriorating” oil and gas market.
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
EnQuest said today that it was “on track” to achieve cost savings targeted for 2020 and reiterated that its operations were “materially unaffected” by the Covid-19 pandemic.
Vessel-owner Prosafe has reported a significant knockdown in its fleet utilisation rate for the first quarter of 2020.
North-east energy sector chiefs largely welcomed an extension of the UK Government furlough scheme, but cautioned it may do little to roll back the tide of oil and gas redundancies.
Around 200 North Sea workers have been evacuated with suspected Covid-19 symptoms over the last six weeks as the sector has attempted to manage the spread of the virus.
An Aberdeen MSP has written to a clutch of North Sea firms calling on them to reconsider their decision to terminate hundreds of staff rather than use a UK Government-backed furlough scheme.
Call for Scottish Government to engage Westminster over lack of clarity on North Sea furlough scheme
A north-east MSP has called for the Scottish Government to engage Westminster and provide clarity to North Sea firms over who qualifies for the Covid-19 furlough scheme.
The struggling UK oil and gas sector was dealt another blow on Tuesday as EnQuest confirmed it expected to cut 530 positions.
Around 200 oil workers are to be laid off – and staff are furious they are not being furloughed.
EnQuest has insisted its day-to-day operations are not “materially affected” by the coronavirus outbreak.
EnQuest today announced deeper cuts to its spending plans as it published full-year results showing it lurched into the red in 2019.
A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.
The UK Government has approved a plan to decommission a North Sea development less than five years after first oil.
EnQuest is to delay publication of its full year financial results due to the coronavirus.
Oil and gas operator EnQuest is understood to have multiple suspected coronavirus cases on board a Northern North Sea platform.
The Financial Conduct Authority has asked companies due to announce annual results to delay publication because of the coronavirus.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.