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.
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 today denied that the reserves estimate for its Kraken field had been downgraded.
Offshore explorer Seapulse has entered into a pact with EnQuest.
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 (KCAD) has won a multi-million pound drilling contract for three EnQuest platforms in the UK North Sea.
EnQuest today reported a near-50% increase in production across the group last year, and predicted a 20% jump in 2019.
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.
EnQuest has announced plans to review offshore rotas for workers on several of its North Sea assets.
Fledgling well construction firm DeltaTek Global has strengthened its ranks with a key appointment.
UK oil firm EnQuest said today that it expected to increase production by 20% next year.
EnQuest's £230 million acquisition of the remaining 75% interest in the Magnus oil field from BP has been completed.
Forty years ago, Shetland changed forever.
EnQuest bosses said today that the company had received the all-clear from shareholders to increase its stake in the Magnus field.
A leading north-east businessman has taken up a new role managing the day-to-day operations of Sullom Voe oil terminal in Shetland.
EnQuest has completed the first ship-to-ship transfer of crude oil at Shetland’s Sullom Voe terminal for three years.
EnQuest reportedly called off plans to sell stakes in its Kraken field and instead borrowed money against it as a debt deadline approached.
The UK’s oil sector regulator has presented a bold vision of what the future might hold for a major terminal in Shetland.
EnQuest bosses said yesterday its acquisition of 75% of the Magnus field, giving it 100%, would deliver a huge “step change” for the oil firm.
Oil firm EnQuest said today that it would exercise an option to buy the remaining 75% interest in the Magnus field from BP for £230 million.
Malaysia’s Bumi Armada fell to a second quarter loss due to charges relating to the Kraken FPSO.
Oil firm EnQuest said strong production performance had helped it wipe out £37 million worth of debt early.
A gas build-up on a North Sea platform exposed workers to an explosion risk, a new safety report said.
Production has restarted at two North Sea fileds after pipework repairs at the connected Sullom Voe Terminal on Shetland.
EnQuest's chief financial officer will sleep rough in London tonight to help raise money for charity.
Enquest says it is waiting on the “right offer” for the sale of a 20% stake in its Kraken field in the North Sea.