UK North Sea expecting flurry of contracts and tight supply of oil rigs in 2022
The UK North Sea is likely heading for tighter supply of oil rigs as a flurry of deferred drilling contracts for next year come through, according to new analysis.
Serica Energy
Hedging losses and production outages dent Serica Energy profits
Serica Energy profits tumbled 90% in the first half of the year as its gas hedging position and planned outages took a toll.
Serica appoints Andy Bell as new CFO
Serica Energy has found its new chief financial officer (CFO).
Serica kicks off production from R3 North Sea well, 16 years after it was drilled
Serica Energy has started production from its Rhum R3 well in the North Sea, 16 years after it was originally drilled by BP.
Successful flow test results for Serica Energy at Columbus project
Serica Energy has announced successful flow test results from its North Sea Columbus development well.
‘Traumatic year’ sees North Sea operators hand back up to 1.1bn barrels of oil
North Sea operators have handed back up to 1.1 billion recoverable barrels of oil from UK fields, according to data released by the Oil and Gas Authority (OGA).
Serica says flow test puts third Rhum well at ‘upper end’ of expectations
Serica Energy said today it had overcome technical challenges to perform a flow test on the Rhum gas field's third production well in the northern North Sea.
Serica on track to spud North Eigg in summer 2022, targeting more than 60m boe
Serica Energy is on track to drill the North Eigg exploration well in summer next year, its CEO has said.
Subsea UK assembles impressive line-up for new debate-style event
Subsea UK’s new TV debate style event makes its debut next week, with industry leaders and government panellists exploring how the subsea sector can support the energy transition and the blue economy.
North Sea oil and gas operators help to launch platform for streamlining tendering
North Sea oil and gas operators have helped to develop a new platform for streamlining the tendering process.
Serica Energy extends life of Bruce field to 2030
Serica Energy has extended the life of its flagship Bruce field in the North Sea through to 2030.
Serica boss praises North Sea licensing decision, says ban wouldn’t have ‘floored’ firm
Serica Energy’s chief executive says the decision not to outlaw new North Sea exploration licences was “very important” in helping the industry “step back from the cliff edge”.
Preparations to drill North Eigg underway as Serica posts ‘strong balance sheet’ for 2020
Serica Energy has confirmed preparations are underway to drill the North Eigg gas prospect after strengthening its “financial and operational foundations” in 2020.
Tackling the information and systems challenges of acquisitions
Asset transfers can be complex from an information and technology perspective but can be the springboard for innovation, as well as delivering the expected productivity. The critical path is for the transfer of services agreement, safety case, readiness and transition of operations. This article highlights the types of transfer, the issues we face and Sword’s tried and tested approach to dealing with them.
Weather conditions bring evacuations of multiple North Sea platforms and dozens of cancelled flights
Several North Sea platforms have been downmanned over the last few days due to adverse weather conditions.
BP fielding final bids for package of North Sea assets
BP is fielding final bids from a handful of junior energy companies for its North Sea assets, according to people familiar with the matter.
Serica kicks off drilling on Covid-delayed Columbus project
Serica energy has started drilling the development well for its 14million-barrel Columbus project in the North Sea, which was delayed by Covid.
North Sea oil company launches its own cookbook, proceeds going to Aberdeen foodbank charity
A North Sea oil company has rustled up its very own cookbook, with proceeds going to an Aberdeen foodbank charity.
Updated: Serica Energy gets renewed US sanctions waiver for Rhum
UK oil and gas firm Serica Energy has managed to extend a US sanctions waiver for its Rhum gas field in the northern North Sea.
Oil and gas leopards changing their spots to focus on investor returns
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
BGF invests in software company favoured by North Sea oil firms
Growth capital investor BGF has completed a multimillion-pound investment in engineering information management software company Datum360.
Oil rigs run on AI ‘twins’ points to future hastened by Covid
The coronavirus crisis had a devastating effect on oil-company revenues, but it’s posed a tough human-resources problem too: how to keep workers safe on cramped rigs at sea where social-distancing is impossible.
Serica Energy kicks off work at Rhum R3 well, pushes Columbus back to late 2021
Serica Energy has started work to boost production at its Rhum field, while the 13million barrel Columbus project has been delayed to the second half of 2021.
Serica hunts for deals as majors look to rationalise portfolios
Serica Energy chief executive Mitch Flegg has said the North Sea oil and gas firm is on the hunt for acquisitions as majors look to “rationalise” their portfolios.
Serica boss hails ‘extremely low cost base’ as firm stays in the black
Serica Energy’s boss said today that maintaining an “extremely low cost base” was a key factor in the company’s delivery of profits in the first half of 2020.