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.
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 (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 has been pulled up by the offshore watchdog after a fire and explosion risk was identified on one of its North Sea platforms.
North Sea operator EnQuest has confirmed it temporarily shut in production at the Magnus field in the North Sea after breaching flaring consents.
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 has stated a “great future” is in store for its Magnus platform after severing ties with West of Shetland gas.
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 said today that it is “on track” to refinance its senior credit facility, paving the way for it to complete a North Sea acquisition.
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 has insisted its day-to-day operations are not “materially affected” by the coronavirus outbreak.
Shares in EnQuest climbed today despite the company indicating production would drop slightly this year in light of North Sea platform shutdowns.
EnQuest has seen a 25% yearly boost to its oil and gas production thanks to strong performance from its North Sea operations.
North Sea oil firm EnQuest has confirmed it will change rota patterns for hundreds of its offshore workers.
Dozens of Petrofac workers have this week transferred over to North Sea operator EnQuest.
EnQuest today reported a near-50% increase in production across the group last year, and predicted a 20% jump in 2019.
EnQuest's £230 million acquisition of the remaining 75% interest in the Magnus oil field from BP has been completed.
EnQuest bosses said today that the company had received the all-clear from shareholders to increase its stake in the Magnus field.
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.
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.
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.
EnQuest became the operator of another North Sea field and a major oil terminal today.
Workers are being removed from a North Sea platform over ongoing problems with diesel contaminating its water supply.
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.