$ENQ.L

5 stories mentioning ENQ.LUpdated 7d ago

Every FINWIRES story that references ENQ.L, newest first.

EnQuest's Malaysian Subsidiary Agrees to Buy Offshore Interests for $833 Million

EnQuest's (ENQ.L) Malaysian subsidiary agreed to buy participating interests in production sharing contracts offshore Malaysia for $833 million.The deal comprises three packages covering interests in four offshore production sharing contracts, according to a Wednesday filing. EnQuest Petroleum Production Malaysia will enter into three farm-out agreements with Petronas Carigali and E&P Malaysia Venture.Of the total consideration, $554 million is payable at completion, expected on Dec. 31. The transaction would constitute a reverse takeover under UK listing rules.The deal remains subject to customary completion conditions.

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Equities40d ago

Odfjell Technology Wins Drilling Contract with EnQuest

Odfjell Technology (OTL.OL) secured a contract with EnQuest (ENQ.L) to provide drilling services at the oil and gas company's Magnus platform in the UK.The agreement will take effect in the third quarter and has an initial term of three years, with two one-year extension options, the technology and engineering company said Friday.

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Equities57d ago

EnQuest Prices $675 Million Notes Due 2031

EnQuest (ENQ.L) priced its offering of $675 million worth of 9.875% senior notes due 2031 at an issue price of 99.038%, according to a Wednesday filing.The British energy transition company will use the proceeds to redeem $465 million of its senior notes due 2027, while strengthening liquidity and supporting general corporate purposes.A portion of the proceeds will also be allocated to fees and costs related to the offering.

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Equities58d ago

Moody's Outlook on EnQuest Brightens on Better Liquidity, Performance, Credit Metrics

Moody's changed its outlook on EnQuest (ENQ.L) to positive from stable, citing the improvements in the company's liquidity, operational performance and credit metrics.In a Monday note, the rating agency highlighted the British oil and gas company's bond refinancing plan, saying the initiative will remove near-term refinancing risks and add four years to the company's debt maturity profile.Moody's affirmed the company's corporate family rating at B3, citing its business profile and the challenging energy market conditions.

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Equities58d ago

Fitch Assigns First-time Rating to EnQuest; Stable Outlook

Fitch Ratings on Monday assigned a long-term issuer default rating of B to EnQuest (ENQ.L), with a stable outlook.The rating reflects the energy transition company's position as a small-scale independent producer, with output expected to remain broadly flat through 2030. Production and transportation costs are also expected to remain high, weighing on unit profitability and increasing break-even prices for assets.However, Fitch said these constraints are partially offset by EnQuest's improving geographic diversification, moderate financial leverage, and solid operational record.

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