first_imgTuesday 5 April 2011 7:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To whatsapp Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and Sharecenter_img KCS-content EnQuest could buy up North Sea fields after oil tax hike whatsapp NORTH SEA oil producer EnQuest warned that the government’s recent tax raid on oil profits will make some smaller projects in the region impossible, but said it is well-placed to snap up projects as the hike dents asset values. EnQuest said it was “very disappointed by the recent unexpected UK Budget decision” to hike the oil profit levy from 20 to 32 per cent, adding that it “will render some small field investments uneconomic”. But the firm posted a pre-tax profit of $169.4m (£104m), up from a pro-forma profit of $24.9m last year, and said that its developments still have significant potential. Chief executive Amjad Bseisu said the tax increase might help the firm’s acquisition drive: “We can acquire assets at prices that are lower than they were just a few weeks ago,” he said on a conference call. “We can look at an acquisition in the half a billion to a billion dollar range quite easily.”EnQuest would consider assets put up for sale by oil majors such as BP in the North Sea, Bseisu said, but was wary of taking on high decommissioning costs at some of the more mature fields.EnQuest also plans to spend $300m on drilling and exploration this year, according to its results statement. Pro-forma production rose 55 per cent on last year to 21,000 barrels of oil per day, as EnQuest ramped up work on the North Sea assets of Petrofac and Lundin Petroleum that it acquired last year when it floated. Reported revenues more than doubled to $583.5m during 2010. Tags: NULLlast_img