Enquest backs strong cashflow in Golden Eagle buy
The North Sea producer is increasing, but reorganising, its debt to fund acquisition
UK independent Enquest will pay Canada’s Suncor an initial $325mn for its 26.7pc stake in the North Sea Golden Eagle oil field, with an additional contingency of up to $50mn in 2023 if oil prices are buoyant between now and then. But, despite increasing its debt pile to fund all of the purchase price bar $50mn—which will be covered by an equity raise underwritten by the firm’s CEO Amjad Bseisu—the firm is confident that increased cashflow and a simplification of its debt structure will turn the transaction into a positive. Debt has become a significant millstone to the attractiveness of UK-listed oil producers. High borrowing has severely hobbled Tullow Oil, while Premier Oil has sought refu
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
