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Stock impact report

EnQuest (ENQUF) Plans Major Oil Drilling Amid Green Backlash [Yahoo! Finance]

Archrock, Inc. (AROC) 
Last archrock, inc. earnings: 2/19 07:16 pm Check Earnings Report
US:NYSE Investor Relations: archrock.com/aroc
Company Research Source: Yahoo! Finance
Despite warnings from scientists and the United Nations to cease production from fossil fuels due to climate concerns and a net zero crackdown on the oil and gas industry in the United Kingdom, the group was awarded a drilling license in the North Sea in a rather controversial decision. EnQuest intends to bring two fields, located close to the Kraken oil and gas fields, onstream. These fields can potentially produce close to 500 million barrels of crude oil in the coming years. The two sites — Bressay and Bentley — are located very close to the Kraken field. The proximity serves as an advantage as it allows the sites to be connected to the same production that already serves as a floating platform for extracting oil from the Kraken field. Bressay and Bentley Fields EnQuest describes Bressay as one of the largest untapped oil fields within the U.K. continental shelf. The estimated oil-in-place for the site ranges between 600 million and 1 billion barrels. However, the oil extract Show less Read more
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