‘First-of-its-kind’ study to test geothermal energy at North Sea oil field
Petrofac is to support a “first-of-its-kind” study to test whether oil and gas wells in the North Sea can be repurposed for geothermal energy.
Magnus
EnQuest reports progress on production issues at Magnus
EnQuest has reported solid production performance for the year to date, as it continues with workover programmes in the North Sea and offshore Malaysia.
EnQuest plans largest work programme since 2014 this year
EnQuest (LON: ENQ) plans to carry out its largest sanctioned programme of work since 2014 in the coming year, with a range of drilling and decom in the pipeline.
EnQuest reprimanded by HSE after fire and explosion risk flagged on Magnus
EnQuest has been pulled up by the offshore watchdog after a fire and explosion risk was identified on one of its North Sea platforms.
EnQuest ordered to shut in Magnus production after flaring consent breach
North Sea operator EnQuest has confirmed it temporarily shut in production at the Magnus field in the North Sea after breaching flaring consents.
EnQuest cuts 2021 production estimate on ‘challenging’ Kraken and Magnus woes
EnQuest has cut its production estimates for 2021 off the back of "challenging" issues at the Magnus and Kraken fields in the North Sea.
EnQuest highlights ‘great future’ for Magnus field after severing West of Shetland ties
EnQuest has stated a “great future” is in store for its Magnus platform after severing ties with West of Shetland gas.
Magnus woes dent production for EnQuest
EnQuest took a hit to its production in the first half of 2021 after a series of unplanned issues at Magnus, as well as a drop in output from its flagship Kraken field.
EnQuest bid to refinance for Golden Eagle deal ‘on track’, Magnus hit by outages
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.
EnQuest bullish on arresting natural decline at core fields and keeping BP as a Sullom Voe client
Bosses at EnQuest said yesterday they were confident of addressing natural production decline at the firm’s core oilfields, adding they have plenty of “ammo” left.
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: North Sea shares climb despite forecast for lower output
Shares in EnQuest climbed today despite the company indicating production would drop slightly this year in light of North Sea platform shutdowns.
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.
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.
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.
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.
EnQuest shareholders back Magnus, Thistle deals
EnQuest bosses said today that the company had received the all-clear from shareholders to increase its stake in the Magnus field.
Magnus acquisition my ‘cup of tea’, EnQuest boss says
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.
Updated: EnQuest will pay £230m for 100% of Magnus field, shares slide
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.
Updated: EnQuest knocks down Kraken costs, expects output to lift
North Sea oil producer EnQuest said today it had managed to knock down the cost of its Kraken field project, which started producing in June.
EnQuest feeling ‘blessed’ after Magnus, Sullom Voe acquisition
A manager at EnQuest said yesterday that the company felt “blessed, not cursed” after completing a deal to become operator of another North Sea field and a major oil terminal.
Updated: EnQuest takes over at Sullom Voe, Magnus as BP deal closes
EnQuest became the operator of another North Sea field and a major oil terminal today.
BP taking workers off Magnus platform amid contamination fears
Workers are being removed from a North Sea platform over ongoing problems with diesel contaminating its water supply.
Probe continues into diesel contamination on BP platform
Investigations are ongoing on a BP operated North Sea platform to try and find out how diesel contaminated part of the installation's water supply.