Updated: Serica advises investors to hold fire as Andrew Austin’s Kistos unveils merger proposal
Serica Energy (LON: SQZ) has knocked back a proposed merger by North Sea counterpart Kistos Energy (LON: KIST).
Serica Energy
Serica spuds North Sea exploration well
North Sea operator Serica Energy (LON: SQZ) spudded the North Eigg exploration well this morning.
Taqa sticks, Serica twists: What’s the landscape for North Sea M&A deals?
With Serica Energy looking outside of the UK North Sea for M&A deals and Taqa deciding to hold onto its UK assets, what are the implications for the market?
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.
Windfall Tax deals blow to North Sea firms EnQuest, Serica and Harbour Energy
Researchers have set out the near-term impact on North Sea players from the windfall tax, while EnQuest reportedly is looking elsewhere to invest.
‘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.
BP sells 5% stake in Serica Energy for £49.3 million
BP has sold its 5% stake in North Sea operator Serica Energy (LON: SQZ) for £49.3 million.
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.
Parkmead finally nears drilling decision on Skerryvore in UK North Sea
Parkmead has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
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.
Dozens of North Sea helicopter flights grounded as Storm Eunice hits
Dozens of flights going to and from North Sea oil and gas installations have been impacted as Storm Eunice hits the region.
‘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.
Energy Voice supplement – February 2022
Energy Voice’s latest monthly supplement has been published with The Press & Journal.
‘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.
Serica Energy extends contract with Odfjell Drilling for work on Bruce
North sea operator Serica Energy has extended Odfjell Drilling’s stay on the Bruce platform.
Serica issues updates on Columbus, North Eigg
Serica Energy has issued an update on export flows from its 14million-barrel Columbus field following the start-up of production last month.
Serica Energy achieves first production from long-awaited Columbus development
UK oil and gas firm Serica Energy (LON: SQZ) has announced first production from its 14 million barrel Columbus field.
Latecomers: The UK North Sea projects still aiming to start up in 2021
With Covid deferrals in 2020 having hit hard, 2021 was expected to herald the start-up of 10 new oil and gas fields in the UK North Sea.
Retired offshore life rings become unlikely toys for Scottish SPCA dogs in Aberdeenshire
Rescue dogs in Aberdeenshire have been thrown a lifeline as the Scottish SPCA accept an unusual donation from North Sea offshore workers.
Serica Energy announces ‘short delay’ to Columbus start-up
Serica Energy (LON: SQZ) has pushed back the start-up date for its 14 million-barrel Columbus project in the North Sea.
Altrad secures 40 jobs with Serica Energy contract win
Altrad has announced a three-year North Sea contract win with Serica Energy, securing 40 jobs.
ETZ programme to bring operators and supply chain together to bust emissions
A new programme designed to identify opportunities and explore deployable solutions to reduce greenhouse gas emissions has been launched in the north-east.