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
Company
Enquest PLC
LON:ENQ
EnQuest is an independent oil and gas development and production company. On formation its activities were focused on the UK Continental Shelf (UKCS), with its assets comprising of interests in the Thistle, Deveron, Heather, Broom, West Don and Don Southwest fields.
156 stories · page 4 of 8
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
FTSE 100 closes higher as traders come back to equities
It was around that level most of the day and closed at 7,304 - that's up around 0.37% on the week
Archive
UK jobs and wages in focus given upcoming Bank of England policy meeting
Aside from the latest UK labour market data, Tuesday will also bring corporate updates from the likes of Ashtead Group, JD Sports Fashion, and Cairn Energy
Archive
Airlines under pressure after IAG's British Airways unit hit by data theft
A look at some of the biggest risers and fallers in the London market on Friday
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
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
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"
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
Archive
UK inflation data could provide signpost to upcoming Bank of England rate hikes
Day ahead includes February UK inflation numbers, plus results from housebuilder Bellway PLC, online grocer Ocado PLC, and oil services firm John Wood Group PLC
Archive
Markets await interest rate decisions from Bank of England and Federal Reserve
The week ahead includes policy announcements from the Bank of England and Federal Reserve along with corporate earnings from Bellway, Next, Ted Baker, Kingfisher and Wood Group
Investments and investor services
Kin slumps as share suspension looms, elsewhere another ‘shell’ soars after getting deals done
A look at some of today's top risers and fallers in London
Investments and investor services
FTSE 100 ends in red after lacklustre session
The FTSE 100 extended the morning's losses toe end the day 47 points lower at 7,247
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"
FTSE 100 edges higher as "Spreadsheet Phil" sings 'This old house'
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
Proactive oil & gas highlights: Tullow Oil, EnQuest, Victoria Oil & Gas, Angus Energy, 88 Energy, Rose Petroleum
Well results, funding deals and the start of new campaigns were the source of much of this week's oil and gas highlights.
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
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
Archive
Biffa, Bovis and Go-Ahead results all due, but ECB policy decision to take centre stage
Some big names are due to publish results on Thursday, but the European Centeal Bank’s decision on interest rates is what most traders will be waiting on