Serica relief as North Sea tax regime offers ‘opportunities’
Independent North Sea producer Serica Energy (AIM: SQZ) welcomed changes made to the UK's offshore oil and gas tax regime in its most recent update.
Serica Energy
Stick or Twist: The North Sea operators who are warning they will leave the UK
Read our compilation of the UK oil and gas firms who wave made their views clear as Labour’s first budget looms.
Serica on track to meet full year targets thanks to oil production boost
Oil and gas firm Serica Energy (AIM: SQZ) has confirmed it will hit its full year targets for production as two North Sea wells deliver on their promise.
Watch: New film highlights importance of UK oil and gas for its workers
Serica Energy and unions GMB and BRINDEX have created a campaign highlighting the role of North Sea oil and gas in the lives of its workers.
The North Sea semisub market may seem buoyant, but looks can be deceiving
The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
Jersey Oil and Gas ‘hopes sense prevails’ in Westminster
Jersey chief executive Andrew Benitz said the firm's achievements have been marred by "fiscal and political turmoil" which has forced them to take measures including a 50% cut in staff and director salaries.
Serica Energy assets remain ‘cash generative’ despite ‘unjustifiably punitive fiscal regime’
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.
Power Moves: Gillian King leaves NZTC and more
Gillian King has left her position as the director of business development at the Net Zero Technology Centre (NZTC).
Swedish floating wind firm SeaTwirl to explore offshore electrification with Serica Energy
Swedish floating wind turbine developer SeaTwirl has signed a memorandum of understanding with Serica Energy to explore electrification of offshore assets.
EPL changes mean ‘companies like Serica won’t invest’ says chairman
Serica Energy's chairman has argued that changes to the EPL will lead to firms like his not investing in the UK and job losses.
Serica Energy completes first redetermination on $525m loan
Serica Energy (LON: SQZ) has increased the borrowing base on its up-to $525 million loan facility, increasing it from the previous US$463m to the full amount.
Serica looks outside North Sea in face of “potential future increases” in tax
North Sea oil and gas firm Serica Energy (LON: SQZ) warned it was "looking very actively overseas" for new opportunities as it faces "recent and potential future increases" in UK tax.
Subsea7 to supply Serica Energy with Belinda pipeline
Serica Energy (AIM: SQZ) has awarded Subsea7 a “sizeable” contract to supply a pipeline for the company’s Belinda field development south-east of the Triton FPSO.
Serica Energy gets NSTA approval for £100m North Sea Belinda development
Independent operator Serica Energy (AIM: SQZ) has received final approval from the North Sea Transition Authority (NSTA) regulator for its £100 million Belinda development.
Ex-Spirit Energy boss named new CEO of Serica Energy
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.
Which candidates is Serica looking at for its vacant CEO position?
Serica Energy (LON: SQZ) is on the hunt for a new chief executive as Mitch Flegg has stepped down following six years at the helm.
Windfall ‘has long gone’ Serica boss says as earnings fall
Lower commodity prices left Serica Energy’s earnings lower in 2023 compared to the previous year, prompting the firm's chairman to hit out at the windfall tax.
COSL rig heads for UK to kick off Serica Energy campaign
Move could see development of Belinda discovery in UK.
UK North Sea league table sees shift in top producers
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
Serica completes Greater Buchan Area farm-in
Serica Energy (LON:SQZ) has completed its acquisition of a 30% non-operated interest in the Greater Buchan Area (GBA) redevelopment from Jersey Oil and Gas (LON:JOG).
Diamond picks up new work with Serica, BP
Diamond Offshore Drilling announced a brace of contract wins, including work for Serica in the North Sea and a BP subsidiary in the Gulf of Mexico.
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.
Capricorn Energy re-enters North Sea with new Waldorf deal
After selling-off its North Sea assets, Capricorn Energy (LON: CNE) is making a re-entry into the UK through a new deal with Waldorf Production.
Serica Energy boosts ‘financial firepower’ with $525m loan deal
Serica Energy (LON: SQZ) has bolstered its “financial firepower” after securing a loan deal worth $525m over six years.
Noble and Odfjell land UK deal extensions with BP and Serica Energy
BP (LON: BP) and Serica Energy (AIM: SQZ) have respectively extended contracts with Noble Corporation and Odfjell Technology in the UK North Sea.