Mitch Flegg: Labour has right plan if it wants to ‘kill’ oil and gas and the supply chain
A senior North Sea leader has issued a chilling indictment of the UK Government's tax policies and the impacts it will have on jobs and key industry.
Mitch Flegg
Serica Energy announces departure of chief executive Mitch Flegg
Serica Energy (LON:SQZ) has announced its chief executive officer Mitch Flegg will leave the company after six years at the helm.
Serica completes shutdown campaigns on Bruce and Triton hubs
Serica also announced the founders of Tailwind Energy will depart the company in March next year following the £367 million takeover.
Serica picks new finance boss to kick off 2024
Serica Energy (LON:SQZ) has announced a new chief financial officer will take up his post in the new year, after current CFO Andy Bell confirmed his intention to step down.
‘Lack of opportunity’ in UK sees Serica eye Norway re-entry
Serica Energy is in discussions over several deals in Norway and Europe, as CEO Mitch Flegg lamented a “lack of opportunity” in the North Sea as a result of the windfall tax.
Serica Energy balances buoyant results with ‘wholly unwelcome’ windfall tax
Serica reported a large increase to pre-tax profits but lambasted the “burden” of the UK windfall tax on the wider industry.
Serica Energy calls time on Eigg exploration licence
Serica Energy (LON: SQZ) has called time on exploration around the Eigg prospect, including any hope of a side-track well.
‘Tough decisions’ now ‘paying off’ for North Sea firm Serica as profits jump
North Sea firm Serica Energy (LON: SQZ) is attributing its latest set of financials to bold decisions made when the “going was tough”.
Serica boss addresses investor concern on whether Triton FPSO is ‘fit for purpose’
Dana Petroleum, which operates Triton, was cautioned last year by the HSE after it found employees were put at risk of exposure to legionella bacteria on board.
Serica minor backer voices ‘unmitigated disgust’ over Tailwind deal
A minor shareholder in Serica Energy (LON: SQZ) has written to the company’s chairman to vent his “unmitigated disgust” over the planned acquisition of Tailwind Energy.
Tailwind ‘is not the endgame’: Serica eyes up more deals and projects
After Tailwind, Serica Energy eyes new projects in the UK like the Belinda discovery, along with more deals and a potential energy transition shift.
Updated: Serica shares fall on underwhelming North Eigg news
Shares in North Sea operator Serica Energy (LON: SQZ) fell on Monday after a key exploration well proved underwhelming.
Production drives 88-fold profit surge at Serica Energy
Serica Energy (LON: SQZ) has seen its profits surge 88-times over year-on-year amid a boost to new production.
Serica, Kistos call off £1bn merger after rival takeover bids
North Sea producers Serica Energy (LON: SQZ) and Kistos (LON: KIST) have confirmed neither party will make a final offer on the other, drawing a line under a series of takeover bids.
Serica Energy rejects updated £1.15bn bid from North Sea rival Kistos
Serica Energy (LON: SQZ) has knocked back a new cash and share-for-share bid from rival Kistos (LON: KIST) worth £1.15 billion, which may replace Mitch Flegg as CEO.
Serica Energy boosts production from 24-year-old BP well
Serica Energy (LON: SQZ) has quadrupled production from a 24-year-old BP well in the North Sea.
Serica Energy looking outside the UK for M&A deal
North Sea operator Serica Energy (LON: SQZ) has said it is “increasingly” exploring M&A opportunities outside of the UK.
Serica responds to ‘significant fall’ in share price following windfall tax
Serica Energy has pressed the importance of stable fiscal policy after news of the UK Government’s windfall tax knocked around 20% off the company’s share price.
‘A bigger chance of failure than success’: Serica CEO downplays odds at North Eigg
The head of Serica Energy has downplayed the chances of success at its North Eigg exploration well due to be spudded later this summer, but maintains the prospect is a good one.
Serica Energy enjoys £390 million profits surge on higher commodity prices
Serica Energy enjoyed an “outstanding year” in 2021 as gross profits surged to £386.8 million, reversing £2.9m losses the prior year, amid a huge bump to commodity prices.
Serica restarts Rhum after subsea module fault
Serica Energy confirmed Thursday that production had resumed from its Rhum field, following an outage reported last month.
Frustration for Serica as Rhum field hit with production shutdown
Serica Energy (LON: SQZ) has said production at its Rhum field is not expected to restart for “at least two weeks” after a fault was identified with a subsea module.
‘Push on and do more’: Serica Energy looks to next level of North Sea investment
“A really opportune moment” beckons for Serica Energy, according to chief executive Mitch Flegg, with gas prices strong, new production online and, since the turn of the year, reaching a major milestone for its North Sea business.
‘More energy, less emissions’: TotalEnergies, Harbour and Serica Energy bosses on North Sea future
“More energy and less emissions” is how TotalEnergies’ North Sea boss summarises the company’s strategy for the coming years. And that, broadly speaking, is reflected across the plans of others too.
Serica Energy CEO toasts strategy after gas spike means key projects ‘bore fruit’
Serica Energy’s chief executive has reaffirmed the company’s commitment to pursuing an “investment-led strategy” this year.