Investors have resoundingly backed EnQuest’s plans to buy into the Golden Eagle area of the UK North Sea.
London-listed oil firm EnQuest today announced details of a £36 million equity raise intended to help it pay for a UK North Sea acquisition.
A drilling campaign has boosted production at CNOOC International’s Golden Eagle field in the UK North Sea.
EnQuest has clinched a new £530 million debt facility, smoothing a path for its refinancing and acquisition of stakes in the Golden Eagle field.
CNOOC has teased plans to electrify its North Sea platforms through floating wind and “build a new energy business” in the UK.
EnQuest said today that it is “on track” to refinance its senior credit facility, paving the way for it to complete a North Sea acquisition.
Exploration and production firm EnQuest managed to reduce its debt pile to its lowest level since 2014 and narrow its losses in 2020 despite the oil price slump.
EnQuest has struck a deal to buy Canadian firm Suncor's 26.69% stake in the Golden Eagle area of the UK North Sea for £240 million.
China National Offshore Oil Company (CNOOC) has awarded a two-year North Sea contract to engineering services firm Worley.
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
CNOOC saw profits and production tumble for its North Sea business in Ray Riddoch’s final year at the helm of the operating company.
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
A North Sea union has condemned Wood over plans to cut sickness pay by more than 75% for its workers on CNOOC platforms.
The rise of a huge new Norwegian oil field is poised to give North Sea output one of its biggest boosts in years. The surge won’t last.
Aberdeen-headquartered Operational Excellence (Opex) Group has won a multimillion pound contract with Cnooc International on its North Sea assets.
Production has been restored at three North Sea platforms which were shut down due to pipeline repairs.
Pipeline repairs have shut down production at three North Sea platforms.
Figures have revealed an increase in oil and gas production in the UK has increased by more than 14% since last year - the highest quarterly increase since 1999. The findings, in the latest edition of Energy Trends by the Department of Energy and Climate Change (DECC), shows indigenous UK production of crude and natural gas liquids was boosted in the second quarter of the year.
Industry body Oil and Gas UK said production is set to rise for the first time in 15 years, according to provisional figures.
Objections to a major £220million windfarm on Lewis have been withdrawn after the development was scaled down in size.
Councillors will be asked tomorrow to back proposals to expand a windfarm in Wester Ross.