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”.
EnQuest
Petrofac shares details of potential upcoming contracts
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
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.
EnQuest removes Thistle platform tanks, reported ‘minor’ spill
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 not making compulsory redundancies for unionised Sullom Voe workers – Unite
EnQuest is not seeking to make compulsory redundancies for its “unionised” workforce at the Sullom Voe Terminal in Shetland, according to Unite.
Babcock helicopters take first flight following new five-year North Sea deal
Babcock helicopters took their first flight out of Shetland on Wednesday following a new five-year shared contract with three oil and gas operators.
EnQuest to shrink further as firm gets ready to call time on Dons fields
Oil firm EnQuest will shrink further after deciding to call time on a group of fields in the northern North Sea.
Oil and gas aviation is ‘area of weakness’ for Babcock as firm slumps into the red
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.
Torrid times in the North Sea may favour private equity
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
EnQuest ‘on track’ to hit cost saving targets
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.
Prosafe vessel fleet use down by almost half in first quarter of 2020
Vessel-owner Prosafe has reported a significant knockdown in its fleet utilisation rate for the first quarter of 2020.
Furlough extension ‘welcomed’ but unlikely to halt North Sea redundancies, industry chiefs warn
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.
Exclusive: 200 suspected Covid-19 cases evacuated from North Sea platforms during crisis
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.
Aberdeen MSP tells North Sea firms not to ‘turn their back’ on workers during Covid-19 crisis
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.
EnQuest to axe hundreds of UK roles
The struggling UK oil and gas sector was dealt another blow on Tuesday as EnQuest confirmed it expected to cut 530 positions.
Fears for 200 jobs as KCA workers face redundancy
Around 200 oil workers are to be laid off – and staff are furious they are not being furloughed.
EnQuest set to weather storm with ‘quick action’
EnQuest has insisted its day-to-day operations are not “materially affected” by the coronavirus outbreak.
Updated: Sliding into the red, EnQuest targets even deeper spending cuts
EnQuest today announced deeper cuts to its spending plans as it published full-year results showing it lurched into the red in 2019.
Expect lenders to help indebted oil firms survive until ‘less rainy day’
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.
Decommissioning plan for EnQuest Producer FPSO gets green light
The UK Government has approved a plan to decommission a North Sea development less than five years after first oil.
EnQuest delays financial results over coronavirus
EnQuest is to delay publication of its full year financial results due to the coronavirus.
Multiple Covid-19 cases quarantined on EnQuest Magnus platform
Oil and gas operator EnQuest is understood to have multiple suspected coronavirus cases on board a Northern North Sea platform.
Firms to delay results due to virus
The Financial Conduct Authority has asked companies due to announce annual results to delay publication because of the coronavirus.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.