EnQuest plc directors Howard Paver, Carl Hughes and John Winterman will leave the board at the end of the general meeting on 5 June. DEVELOPMENTS The changes are in accordance with the company’s strategy “to develop its infrastructure and new energy opportunities alongside its core upstream and decommissioning businesses.” The announcement is also in line […]
Tag: EnQuest plc
EnQuest PDMRs purchase 4.4m shares
EnQuest plc published details of directors and persons closely associated with them purchasing a total of 4,392,142 shares in the company. PDMRs Double A Limited, a company beneficially owned by the extended family of EnQuest chief executive officer Amjad Bseisu, purchased 4,222,033 ordinary shares of £0.05 at a price of £0.2101 each, for a total […]
NSTA sanctions EnQuest and fines Spirit
EnQuest plc and Spirit Energy Ltd are two of three operators fined a total £265,000 for breaches in operations by the North Sea Transition Authority (NSTA). PENALTIES EnQuest was sanctioned and fined £150,000 for flaring an excess 262 tonnes of gas on the Magnus field between 30 November and 1 December 2021 “despite knowing that […]
EnQuest appoints Gareth Penny as non-executive chairman
EnQuest plc has appointed Gareth Penny as non-executive chairman, effective from today. He replaces Martin Houston whose departure was announced in June. “The board would like to thank Martin Houston for his important contribution to the company during his chairmanship,” said EnQuest in a statement. GARETH PENNY On joining the board, Mr Penny will also […]
EnQuest agrees refinancing of $792m senior notes
EnQuest plc has agreed a successful refinancing of its existing $792.3 million senior notes due 2023. AGREEMENT The company, with oil and gas projects in the UK North Sea and Malaysia, priced the offering of new $305m 11⅝% senior notes due 2027, which were due for settlement on 25 October 2022, at an issue price of […]
EnQuest chairman Martin Houston to step down
EnQuest plc’s non-executive chairman Martin Houston is to step down to focus on his other business interests. Mr Houston, who has held the post since 1 October 2019, will leave once the company finds a successor. EnQuest said that under Mr Houston’s leadership, the company made good progress against its strategic objectives, particularly with year-end […]