Search results for: EnQuest

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  • 7 September 2017
    Business & Finance

    EnQuest, a UK North Sea oil firm, has appointed a non-executive director to the company’s board with effect from September 7, 2017. EnQuest said that, after joining the board, the new director, John Winterman, would become a member of the Audit, Risk, and Remuneration Committees. Winterman, a member of the American Association of Petroleum Geologists, […]

  • 20 June 2016

    EnQuest, an independent oil and gas company focused on the UK sector of the North Sea, saw its shares rise 11.3 percent on Monday afternoon, after it launched a statement rebuffing claims on OGA’s North Sea contingency plans, written in the Telegraph on Saturday. Namely, the UK-based newspaper, citing unnamed sources, said that the country […]

  • 26 April 2012

    EnQuest PLC (‘EnQuest’) today announces that it has agreed with First Oil plc (‘First Oil’) the proposed acquisition of a further 15% interest in blocks 9/2b and 9/2c including the Kraken oil discovery (‘Kraken’), bringing EnQuest’s total interest in Kraken to 60%. Today’s agreement is subject to the normal regulatory and partner consents and is […]

  • 1 February 2012
    Business & Finance

    EnQuest PLC (‘EnQuest’) today announces that it has completed the acquisition of two companies from Canamens Limited, whose assets include the 20% interest in the Kraken offshore oil discovery. This agreement was announced on 9 January 2012 under which EnQuest would pay an initial consideration of US$45 million dollars in cash and a further US$45 […]

  • 11 December 2017
    Business & Finance

    EnQuest has informed that Neil McCulloch is stepping down as chief operating officer and executive director of the company. Neil joined EnQuest from OMV where he held the role of senior vice president Production & Engineering. Neil is a graduate of Cambridge University and Heriot Watt University and holds a Master’s Degree in Petroleum Engineering […]

  • 4 July 2016

    International oil and gas company Dana Petroleum has raised objections over the ownership of the Eagle exploration well in the Central North Sea which was confirmed as a discovery last week by EnQuest.  On July 1, 2016, EnQuest announced the completion of drilling of the Eagle exploration well in the UK North Sea and confirmed it as […]

  • 22 February 2016
    Business & Finance

    EnQuest and Cairn Energy announced on Monday the acquisition of additional interest in the Kraken development project, in the UK North Sea, from First Oil.  EnQuest, the operator of the project, acquired 10.5% bringing its total interest to 70.5%, while Cairn, through its subsidiary Nautical Petroleum Limited, acquired 4.5% interest in the project bringing its total interest to 29.5%. EnQuest and Cairn […]

  • 28 October 2015
    Project & Tenders

    EnQuest, an independent UK-based oil and gas company, reported on Wednesday it achieved first oil from the Alma/Galia development, in the UK North Sea, on October 27, 2015 following final commissioning of all the required systems. The Alma/Galia fields are located in blocks 30/24c and 30/25c respectively, 310km southeast of Aberdeen, in the Central North Sea. Production […]

  • 2 February 2015
    Business & Finance

    EnQuest PLC, an independent oil and gas exploration and production company, has withdrawn from its small investment in Tunisia. In May 2013, EnQuest announced an agreement to acquire interests in the Didon producing oil field and the Zarat permit, from Sweden’s PA Resources AB. According to EnQuest, PA Resources was to retain a partial interest in […]

  • 21 November 2016
    Business & Finance

    UK exploration & production company EnQuest has completed its financial restructuring, announced back in October, designed to help the company deliver first oil from the North Sea’s Kraken development in the first half of 2017. The company concluded the final stage in the restructuring process on Monday, November 21. The restructuring comprises the implementation of the RCF Amendments, the […]

  • 15 December 2016
    Business & Finance

    UK-based oil and gas development and production company EnQuest has named a new chief operating officer (COO) and appointed new non-executive director.  EnQuest said on Thursday that Carl Hughes was appointed as the new non-executive director while Neil McCulloch was named the new COO and is set to join the board as an executive director […]

  • 29 June 2017
    Business & Finance

    UK North Sea oil firm EnQuest has informed that its director Phillip Nolan will be stepping down from his role to take up a new position in Associated British Ports Holdings Limited. EnQuest said on Thursday that Nolan would step down with effect from July 4. At that time, he will assume new responsibilities as a […]

  • 29 November 2011
    Business & Finance

    EnQuest has sanctioned the development of the Alma and Galia fields, subject to anticipated regulatory approvals. This $850 million project will add a fourth hub to EnQuest’s existing operating base, will increase EnQuest’s net 2P oil reserves by 29 MMboe and is expected to increase EnQuest’s production levels to over 40,000 Boepd in 2014. EnQuest […]

  • 18 July 2016

    UK-based exploration and production company EnQuest has informed that it is holding discussions with Israel-based Delek Group for the sale of 20% interest in the Kraken development in the UK sector of the North Sea.  Kraken is a large heavy oil accumulation located in the East Shetland basin, to the west of the North Viking […]

  • 27 August 2013
    Business & Finance

    Petrofac has been awarded two contracts, to provide Operations and Maintenance (O&M) services and Duty Holder Support Services to operator EnQuest plc on the Heather, Thistle, Northern Producer and EnQuest Producer assets in the North Sea. The contracts are worth approximately US$300 million and the O&M contract is for up to five years; these replace […]

  • 19 March 2015
    Project & Tenders

    EnQuest, an independent UK-based oil and gas company, has informed that works on the Enquest Producer FPSO at the OGN yard in Newcastle have been completed. The 249m long Floating Production, Storage and Offloading (FPSO) vessel left the yard in Newcastle following major modification and life extension work. According to Enquest, the vessel and has now successfully completed sea trials […]

  • 28 May 2014
    Business & Finance, Equipment, Project & Tenders

    Petrofac is set to continue to support EnQuest’s North Sea assets, after securing an operations and maintenance contract for up to ten years.

  • 6 December 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Jumbo has been awarded a FPSO mooring, installation and hook-up contract by EnQuest. EnQuest is redeveloping the Ardmore and Duncan fields as Alma and Galia respectively. The project scope is the mooring spread installation and FPSO tow out and hook up. This will be the first offshore project in which Jumbo acts as the main […]

  • 27 January 2012
    Business & Finance

    EnQuest’s option to purchase Bluewater’s FPSO Uisge Gorm has been exercised and the sale was completed on Wednesday 25th of January 2012. EnQuest will deploy the FPSO on the UK Alma and Galia fields project. The Alma/Galia field development project is worth approximately $850 million and will add a fourth hub to EnQuest’s existing operating […]

  • 23 January 2015
    Business & Finance, Project & Tenders

    EnQuest, an independent oil and gas exploration and production company has said it will slash its 2015 capital investments. Back in November 2014, EnQuest said the indicative level for capital investment for the North Sea in 2015 was expected to be in the range of $700 million to $800 million, with an additional amount for international […]

  • 15 September 2016
    Business & Finance, Operations & Maintenance

    EnQuest and Delek have not been able to reach an agreement with regard to the potential sale of an interest in the Kraken development. In July this year, EnQuest entered into discussions with Delek for the sale of an interest in the Kraken development to one of Delek’s subsidiaries. The two companies signed a non-binding […]

  • 11 December 2017
    Business & Finance

    The chief operating officer (COO) and executive director of EnQuest has decided to step down from his positions in the company.