Britain's windfall tax on North Sea oil and gas companies' profits is causing irreversible damage to the industry, EnQuest's CEO said on Thursday, adding his voice to critics of the levy the government is poised to increase.On Thursday, EnQuest reported a profit after taxation of $30…
Britain's EnQuest is looking to sell its 27% stake in the Golden Eagle oilfield in the British North Sea as it seeks to reduce debt levels, two sources told Reuters on Tuesday.It was unclear how much the sale of the non-operated stake would raise…
Esgian has published its Week 49 Rig Market Roundup highlighting new drilling activity in the North Sea and a new licensing deal in Morocco.Drilling Activity and DiscoveriesSerica Energy is continuing with plans for its four-well drilling campaign in the UK North Sea…
Offshore drilling firm Shelf Drilling has secured a two-well contract extension for the Shelf Drilling Fortress jack-up rig. The rig is on a contract with China's CNOOC, operating in the UK North Sea, at the Golden Eagle offshore oil field.The…
Offshore drilling company Shelf Drilling has won a contract for the Shelf Drilling Fortress jack-up drilling rig with a European subsidiary of the Chinese oil company CNOOC in the UK North Sea.Under the contract, the rig, owned by Shelf Drilling's subsidiary Shelf Drilling North Sea…
Britain's Unite union on Thursday said it had signed a recognition deal with offshore operator China National Offshore Oil Corporation (CNOOC), covering around 140 workers on the Buzzard, Scott, and Golden Eagle platforms in the North Sea.CNOOC…
UK-based workers' union Unite said Friday that some 300 Stork construction members would be balloted on strike action on over 30 offshore installations in the UK Continental Shelf (UKCS), potentially affecting operators such as EnQuest, Repsol…
Chinese oil and gas company CNOOC International has signed a contract to use Enhanced Drilling’s RMR Riserless Mud Recovery system for two of the wells on the Golden Eagle Development project in the UK North Sea. The contract includes the provision…
Oil and gas company Repsol Sinopec Resources UK Limited said Monday that owners of Golden Eagle, Piper, and Claymore fields, located in the North Sea northeast of Aberdeen, have executed new agreements reaffirming their commitment to export…
Oil and gas company EnQuest has completed the acquisition of a 26.69% stake in the Golden Eagle Area Development in the UK North Sea.The agreement, where EnQuest agreed to buy the Golden Eagle stake from Canada's Suncor Energy, was first announced in February…
Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…
Ancala Midstream Acquisitions Limited said Friday it had received the first gas from the extended well test at the Lundin-operated Rolvsnes field, off Norway, into its capacity in the SAGE System.The SAGE System comprises a 323-kilometer, 30-inch bore pipeline…
UK oil and gas company EnQuest has said it has signed a new senior secured borrowing base debt facility of around $600 million and an additional amount of $150 million for letters of credit for up to seven years.'The new facility will enable…
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…
Australia-based engineering and construction company Worley has won a contract extension with the Chinese oil company CNOOC to provide engineering, procurement and construction (EPC) services for CNOOC's three operated assets in the UK North Sea…
Subscribe
