North Sea operator Serica Energy said its UK offshore assets remain "cash generative" despite an "unjustifiably punitive" fiscal regime as it released its half year results today.
Serica Energy (AIM: SQZ) has appointed Chris Cox as its chief executive with the former Spirit Energy boss set to take up the role in July.
A “fundamental belief” that the UK should be developing its North Sea resources is the big driver behind Chris Cox’s new vehicle, Curium Resources.
Curium Resources is seeking to become a leading independent player in the UK, initially focused on gas in the southern sector.
Palliser has suggested that Capricorn should return at least $535 million to shareholders.
Capricorn noted that it had been working on “strategic alternatives” for more than a year. However, there have been no better options, it reported, and a sale is necessary to “maximise shareholder value and the full potential of Capricorn’s assets”.
Industry body Decom North Sea (DNS) has unveiled Chris Cox, managing director of Centrica’s offshore exploration and production business, as keynote speaker for its 2017 conference and exhibition.
Centrica has recruited a new head for its upstream business. Chris Cox will lead the Scottish Gas-owner's exploration & production (E&P) business, which is one of the largest producers of natural gas in the UK.