UK-based offshore decommissioning association Decom North Sea has appointed John Allan, Decommissioning Director at oil company EnQuest, to its Board of Directors.'John’s current role at EnQuest was preceded by 15 years with CNRI. With the majority…
British North Sea-focused oil producer EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing one of the largest undeveloped oil fields in the U.K. North Sea…
British North Sea-focused oil producer EnQuest is 'confident' it will secure a refinancing deal needed to buy an additional 10,000 barrels per day of output capacity, it said on Thursday, as it reported a 43% drop in free cash flow in 2020.Last month…
UK-based oil and gas company EnQuest has said it has started cessation of production activities on the Northern Producer floating production facility at the Don fields in the North Sea.'The process, which began on Monday 1 March, is expected to take several days to complete…
Malaysian FPSO company Bumi Armada posted a net profit of RM144.1 million (around $35,5 million) in the fourth quarter of 2020.Bumi Armada said the result was an improvement from the third quarter of 2020 when its net profit was RM85.6 million (USD 21…
UK-based oil firm EnQuest has signed an agreement with Anasuria Hibiscus UK to farm-down an 85% working interest in the Eagle discovery located in the UK sector of the North Sea.Anasuria Hibiscus UK will become the operator of the discovery…
UK-based oil company EnQuest has agreed to buy Canadian oil firm Suncor's entire 26.69% non-operated equity interest in the Golden Eagle area in the UK North Sea.The area, operated by China's CNOOC, comprises the producing Golden Eagle, Peregrine…
London-listed oil firm EnQuest has completed the acquisition from Equinor of a 40.8125% interest in the Bressay oil field development on the UK continental shelf. It has also become the operator of the project.As a result, EnQuest has a 40.81%…
Oil and gas company Enquest, and Qualimar, the owner of the Northern Producer offshore oil platform, have recently applied for approvals to remove the semi-submersible unit from the North Sea fields, as well as for the removal of the related riser systems…
London-listed oil company EnQuest has lowered its full-year production guidance, citing scheduled maintenance and an incident on an offshore platform in Malaysia as the reasons.Group production averaged 60,777 Boepd in the ten months to end October 2020…
UK-based, the North Sea and Malaysia focused, oil and gas company EnQuest said Friday it intended to appoint Farina Khan as a Non-Executive Director of the EnQuest Board with effect from November 1, 2020. On joining the Board, Farina Khan will…
Norwegian oil and gas company Equinor will sell a 40.8125% interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to UK-based EnQuest. The initial consideration is GBP 2,2 million (USD 2,8 million)…
Malaysia's Uzma Energy Ventures has said that the Tanjong Baram small field risk service contract between Petronas and Uzma & EnQuest joint venture has been terminated.The contract's objective was to develop and produce petroleum from the Tanjong Baram field…
UK oil and gas producer EnQuest is planning workforce reductions in the UK as some of its North Sea fields are expected to cease production, while others will remain shut as part of a recently announced cost-cutting initiative.When it comes to the planned workforce cuts…
The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…
