EnQuest plc has agreed a £46 million sale of a 15% working interest in the North Sea Bressay field and its producer FPSO* to RockRose UKCS 10 Ltd. PRODUCTION RockRose, subsidiary of Viaro Energy, will pay an initial £34.75m and the remaining £11.25m from future Bressay cash flows. RockRose will pay its equity share of […]
Tag: EnQuest plc
EnQuest NED resigns due to EU law
EnQuest plc non-executive director and senior independent director Karina Litvack has resigned due to an “unexpected conflict” arising through EU laws. The company said that the bloc’s “unbundling directive” prohibited any director of a European power transmission company from also serving on the board of an upstream operator. Ms Litvack, who was appointed to the […]
EnQuest director buys 360,000 shares
EnQuest plc senior independent director Karina Litvack bought 360,000 ordinary shares in the company each of £0.05 at a price of 0.1387 per share. Ms Litvack, who on 15 September was appointed chair of the remuneration and social responsibility committee, made the purchase on 29 November 2023.
EnQuest appoints Salman Malik as CEO of Veri
EnQuest plc has appointed chief financial officer and managing director, infrastructure and new energy Salman Malik as chief executive officer of its wholly owned subsidiary Veri Energy. Veri will manage EnQuest’s existing infrastructure and new energy business as part of EnQuest’s ambitions to build an infrastructure and new energy business in a “capital-light manner”. At […]
EnQuest appoints Karina Litvack as NED-senior independent director
EnQuest plc has appointed Karina Litvack as a non-executive director (NED) and senior independent director from 15 September 2023. She will also chair the remuneration and social responsibility committee. Ms Litvack’s career has focused on climate transition and business resilience. She was founding chairman of the Climate Governance Initiative, a collaboration with the World Economic […]
EnQuest plans exit from Nasdaq Stockholm
EnQuest plc plans to delist from Nasdaq Stockholm because of additional compliance costs when it no longer had a legal or physical presence in Sweden. EUROPEAN UNION The company depends on external support to ensure compliance with Nasdaq Stockholm, which had created the additional unexpected expense. The formal application for delisting will be submitted to […]