Unstable UK tax regime may lead to North Sea assets being ‘mothballed’
There's a risk of "prematurely having to mothball" parts of the North Sea industry due to the UK's unstable tax regime, an industry event has heard.
Serica Energy
Serica production ‘strong despite some challenging weather’
UK-based upstream firm Serica Energy (LON: SQZ) says that production is continuing to benefit due to investment, despite daily rates lagging compared to last year's average.
Westwood: Harbour Energy one of just two IOCs to finish 2022 with lower share price
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
Serica Energy backers approve Tailwind takeover
While the acquisition has secured enough backing to move forward, there is still a sizeable chunk of shareholders who opposed it.
Serica backers readying for crucial vote on Tailwind acquisition plans
Investors in Serica Energy are preparing to head to the metaphorical ballot box to vote on the company’s planned acquisition of Tailwind Energy.
Serica Energy renews US-Iran sanctions waiver for North Sea oilfield
Serica (LON: SQZ) has renewed a sanctions waiver from the US Government over Iran’s stake in the Rhum oilfield in the UK North Sea.
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.
New development well completed at Tailwind’s Gannet E project
Drilling of the fourth well in the Gannet E expansion project has been safely completed, on time and on budget.
More North Sea operators tipped to exit basin in 2023
Further North Sea oil and gas players are being tipped to up sticks next year as companies look to streamline their portfolios.
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.
Serica Energy to buy fellow North Sea operator Tailwind in £367m deal
Completion of the deal will put Serica in the club of top 10 producers in the UK North Sea.
Oil firms seek windfall tax price floor in meeting with Jeremy Hunt
Chancellor Jeremy Hunt is due to hold a meeting on Friday on the windfall tax, Energy Voice understands, with oil and gas executives seeking a price floor to the levy.
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.
North Sea independents see shares drop on windfall tax announcement
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
Mermaid Subsea Services building on major P&A campaign as it goes after North Sea’s suspended wells
A reluctance to take a bet on the unknown; it’s a frequent gripe levelled at North Sea operators when it comes to decommissioning.
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.
Petrofac wins contract extension for Serica’s BKR fields
Petrofac (LON:PFC) has secured a three-year contract extension with Serica Energy, covering maintenance services at its northern North Sea assets.
Drilling of Serica North Eigg exploration well hit by £3m, six-week delay
Drilling operations on the North Eigg exploration well have been hit by delays, Serica Energy (LON: SQZ) has confirmed.
The FPSO is away, but will the BP Foinaven field be redeveloped?
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
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.
UK well slot: Orlov awaits after Edinburgh dud
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
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.
Who is Andrew Austin? North Sea dealmaker targeting Serica Energy
Andrew Austin has a track record of dealmaking in the North Sea and has now set his sights on independent Serica Energy (LON: SQZ).