Updated: EnQuest to cut 80 jobs at Shetland oil terminal
Oil firm EnQuest said that about 80 employees would lose their jobs at a major terminal in Shetland by the end of 2019.
EnQuest
Newcomer Seapulse more than happy to play risk game
Recognising that exploration is an inherently risky business is the name of the game for newcomer Seapulse, which is working out new ways to play it.
EnQuest hails 25% boost to production thanks to North Sea operations
EnQuest has seen a 25% yearly boost to its oil and gas production thanks to strong performance from its North Sea operations.
Cairn ‘knows what needs to be done’ with North Sea Kraken field
Scottish oil firm Cairn Energy has said it has lived up to its production guidance for the first part of 2019 and hailed the performance of the North Sea Catcher field.
Updated: Seapulse entry continues North Sea ‘trend’ of private equity newcomers
A “trend” of private equity-backed newcomers to the North Sea has been carried on with the entry of Seapulse.
Bumi Armada eyes vessel sales after refinancing
Malaysia’s Bumi Armada has announced plans to sell certain “idle” floating production vessels after a major debt restructuring programme.
Suspicious package found near Sullom Voe Terminal ‘false alarm’
Police have confirmed that the discovery of a suspicious package near the Sullom Voe oil and gas terminal was a "false alarm".
EnQuest CEO gets 35% boost to pay package
EnQuest CEO Amjad Bseisu saw his take-home pay increase by more than a third in 2018 to £1,352,000.
EnQuest confirms rota change for hundreds of North Sea workers
North Sea oil firm EnQuest has confirmed it will change rota patterns for hundreds of its offshore workers.
EnQuest takes on 146 staff from Petrofac
Dozens of Petrofac workers have this week transferred over to North Sea operator EnQuest.
Losses widen for KCA Deutag despite ‘robust’ North Sea work
Aberdeen-based KCA Deutag saw its losses widen by 68% in its full year accounts yesterday, despite a “robust” performance from its North Sea business.
Infinity hires industry veteran to lead subsea operations
Aberdeenshire-based engineering firm Infinity has hired its first subsea operations team lead.
North Sea could hold further discoveries to extend lifespan, says EnQuest boss
The boss of North Sea oil producer EnQuest said yesterday he believed the region could yield further discoveries to extend its lifespan.
EnQuest sees major profit surge in 2018
EnQuest today reported a major jump in profits for 2018, justifying many of its asset purchases last year.
Kraken woes won’t deter Cairn on North Sea investment
Cairn Energy’s chief executive has said costs around the Kraken project will not deter the firm from further investment in the North Sea.
EnQuest denies Kraken reserves downgrade
EnQuest today denied that the reserves estimate for its Kraken field had been downgraded.
Seapulse announces exploration pact with EnQuest
Offshore explorer Seapulse has entered into a pact with EnQuest.
Bumi Armada blames loss on Kraken ‘difficulties’, announces new CEO
Malaysia’s Bumi Armada has sunk to a £426million pre-tax loss which it largely blamed on impairment charges for the Kraken FPSO in the North Sea.
KCA Deutag wins multi-million pound North Sea drilling contract with EnQuest
KCA Deutag (KCAD) has won a multi-million pound drilling contract for three EnQuest platforms in the UK North Sea.
EnQuest forecasts 20% production jump in 2019 despite Kraken glitches
EnQuest today reported a near-50% increase in production across the group last year, and predicted a 20% jump in 2019.
Exclusive: Repsol Sinopec not budging on three week rotas
North Sea oil firm Repsol Sinopec Resources UK (RSRUK) has opted to stick with three week offshore rotas on its platforms after concluding a review.
Exclusive: EnQuest to review North Sea rotas
EnQuest has announced plans to review offshore rotas for workers on several of its North Sea assets.
DeltaTek strengthens team with key appointment
Fledgling well construction firm DeltaTek Global has strengthened its ranks with a key appointment.
EnQuest targets 20% production boost in 2019
UK oil firm EnQuest said today that it expected to increase production by 20% next year.
EnQuest wraps up Magnus acquisition
EnQuest's £230 million acquisition of the remaining 75% interest in the Magnus oil field from BP has been completed.