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flag EnQuest posted a $173.5M half-year loss due to lower production and UK windfall tax charges, but kept its full-year outlook.

flag EnQuest reported a first-half 2025 post-tax loss of $173.5 million, down from a $30.3 million profit, due to lower production and a $123.9 million non-cash tax charge linked to UK windfall taxes. flag Production averaged 38,257 barrels of oil equivalent per day, down from 42,771, mainly due to a five-week outage at the Magnus field. flag Despite the loss, the company maintained its full-year production and financial outlook, citing strong operational performance and investments in North Sea and Southeast Asian assets. flag It emphasized growing frustration with UK fiscal policy, warning it undermines competitiveness and energy security, while advancing gas exploration in Asia.

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