Energean reveals new boat order

Shares in FTSE 250 oil and gas exploration business Energean (LON:ENOG) dropped by 3.36% to 558.60p (as of 15:35 BST) after a subsidiary purchased a field support vessel from a related party for $33.25 million. The vessel is being constructed to support Energean Isreal’s activities on the Karish project and management said that it would enhance operational efficiencies compared to leasing multiple vessels to cover the required activities.