EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset. The North Sea Transition Deal, signed last year, set out crucial emissions targets for the industry this decade: an initial 10% cut by 2025, then 25% by 2027 – which the industry is confident of achieving – and a more uncertain …
EnQuest (LON: ENQ) plans to carry out its largest sanctioned programme of work since 2014 in the coming year, with a range of drilling and decom in the pipeline. In a trading update, the North Sea operator said operational expenditure is expected to total $430 million in 2022, with capital spend of $165 million, which includes drilling its first new …