EnQuest

At the general meeting, EnQuest approved the planned acquisition of interests in four offshore production sharing contracts in Malaysia from PETRONAS CARIGALI with 99.97% of the votes. The maximum total consideration is $833 million. EnQuest expects the transaction to complete by 31 December 2026 with economic effect from 1 January 2027 and plans to relist its ordinary shares on the London Stock Exchange main market around 4 January 2027. » More on de.investing.com

EnQuest has published a combined prospectus and shareholder circular for the proposed purchase of interests in four production‑sharing contracts in Malaysia from PETRONAS CARIGALI for a maximum price of $833 million. The FCA has approved the transaction; a general meeting to vote on the deal is scheduled for 11 August 2026. Under the UK Listing Rules the acquisitions are treated as a reverse takeover; EnQuest is not issuing any new ordinary shares and is seeking a temporary suspension of trading pending relisting, expected in early January 2027. Peel Hunt is acting as sponsor to the transaction. » More on de.investing.com

EnQuest disclosed total payments to governments of $172.5 million for the year ended 31 December 2025. Of that, $106.7 million related to the United Kingdom ($102.8 million in taxes, $3.9 million in royalties), $52.4 million to Malaysia ($39.9 million in production shares, $7.2 million in taxes), $13.2 million to Vietnam and $0.24 million to Indonesia. Tax payments were the largest category at $115.9 million, with production shares amounting to $43.8 million; the disclosure was made in accordance with DTR 4.3A and the Reports on Payments to Governments Regulations 2014. » More on de.investing.com