Enquest Plc

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Market Cap:
£349.65 m
52 weeks high
52 weeks low

Viewing results 1-25 of 64


If the North Sea is revitalised, what are the best options for investors?

A flurry of asset acquisitions, investments and new field start-ups are all signs that the North Sea "continues to be revitalised”....

on 7/6/19

EnQuest confident as Magnus and Kraken fields perform well

Amjad Bseisu, EnQuest's chief executive said: “Production is towards the top end of our full year guidance range, our capital programme is on track"...

on 23/5/19

EnQuest shares rally as financial results confirm confidence in Kraken

EnQuest told investors that it continues to expect Kraken will achieve gross production of 30,000 to 35,000 barrels of oil per day this year...

on 21/3/19

Independent and small-cap oilers drive growth in the UK North Sea

The rise of these independent firms comes as the region has been progressively weaned off its dependency on multinational majors like BP and Shell...

on 20/3/19

Row breaks out between North Sea partners as Cairn downgrades Enquest's Kraken field

In barrel terms, Cairn cut off around 6.8mln from the field’s crude endowment...

on 12/3/19

EnQuest to be comfortably within debt covenants with production set to soar

Average gross production in 2018 at the Kraken field was 30,310 barrels of oil per day, which was below expectations. Production was limited by a number of weather-related and production system outages...

on 5/2/19

RBC takes back EnQuest debt warning but keeps heavy downgrade

Lower oil prices and downgraded performance sets EnQuest up for challenging period, according to RBC....

on 8/1/19

EnQuest sees 20% production growth in 2019 due to Magnus acquisition

"We have continued to deliver in line with our 2018 production targets,” said Amjad Bseisu, EnQuest chief executive...

on 5/12/18

North Sea oil and gas spend could top £300bn over next 30 years, study shows

Professors at Aberdeen University found that the Oil and Gas Authority’s hopes that a further 14.9bn barrels could be recovered from the UKCS by 2025 were realistic...

on 25/10/18

North Sea revival continues as BP and Shell's Shetland venture gets green light

BP and Shell received approval for their JV to drill at the Alligin field - part of the Greater Schiehallion area - off the west of Shetland...

on 23/10/18

EnQuest set for $20mln cash boost as it confirms exercise of Magnus option with BP

The transaction to acquire all of Magnus, Thistle and Deveron will lift reserves and production volumes...

on 4/10/18

West of Shetland discoveries point to new growth for offshore UK

The narrative around the North Sea’s demise is both exaggerated and premature, but, the 'blue sky' very much remains in the West of Shetland region...

on 28/9/18

EnQuest downgraded by Barclays amid concerns over complexity

Barclays set a new price target of 45p, down from 60p, which compares to a market price of 36.85p...

on 14/9/18

EnQuest buys rest of Magnus fields from BP, production up in first half

Taking all of the Magnus assets gives EnQuest 60mln barrels of reserves and will add significant additional production volumes...

on 7/9/18

EnQuest Energy and Tullow Oil in favour as Barclays upgrades oil sector

Barclays now increases its sector view to ‘positive’ from ‘neutral’, meanwhile, analyst James Hosie highlighted the upside for EnQuest and Tullow Oil...

on 5/7/18

EnQuest boasts of strong start to 2018 production

"Production performance in January and February was strong and the Group expects a material increase in production in 2018"...

on 20/3/18

EnQuest tells investors to expect "material" production growth

North Sea oil production growth has been the driver for EnQuest, thanks to the successful start-up of the Kraken field during 2017...

on 19/2/18

EnQuest strikes decommissioning deal with BP for North Sea fields

“The transaction aligns the interests of the parties involved in the production and decommissioning phases, reflecting the industrial logic for the operator to undertake the decommissioning of these assets"...

on 31/1/18

EnQuest reveals deals to unlock more than US$100mln of liquidity

An US$80mln crude pre-sale arrangement and a US$37.25mln refinancing are part of "a programme of prudent measures" being undertaken by EnQuest...

on 26/10/17

EnQuest expects first Kraken crude cargo in coming days

EnQuest’s group production averaged 37,015 barrels oil equivalent per day in the six months ended June 30...

on 7/9/17

Tullow Oil weak as Jefferies downgrades its rating in review of the exploration & production sector

The US broker cut its stance for Tullow to 'hold' from 'buy' and reduced its target price to 155p, from 250p previously, pointing out that a refinancing in 2017 “remains a risk”...

on 29/8/17

EnQuest has delivered Kraken heavy oil field ‘considerably under budget’

The North Sea oil firm has delivered the Kraken oil field, a US$2.5bn project that’s expected to produce up to 50,000 barrels of oil per day and some 1,000 oil jobs....

on 26/6/17

Royal Dutch Shell, BP downgraded as leading broker turns bearish on the oil price

Aussie broker Macquarie sees Brent averaging just over US$54 in the second-half, then US$49.33 and US$52.75 a barrel for 2018 and ’19 respectively...

on 22/6/17
Industry & services

OPEC should make the headlines, but Petrofac and other oilfield services firms provide a big, black cloud

Petrofac was the London market’s biggest faller, with its share price plunging by nearly 30% to reach its lowest level since the first half of 2009, wiping around £630mln off its total market value...

on 25/5/17

Mid-cap oiler EnQuest preparing to release the Kraken

The Kraken in this case is not some giant, mythical, squid-like beast, but a rather large North Sea...

on 25/5/17