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.
Serica Energy
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.
Leading entrepreneur honoured at ‘virtual’ Offshore Achievement Awards
North-east entrepreneur Jeanette Forbes was recognised for her significant contribution to the UK offshore energy sector in a “virtual” awards ceremony tonight.
VIDEO: Life on board Serica Energy’s Bruce platform during Covid-19
Serica Energy has released a video showing life on board its Bruce platform amid the Covid-19 pandemic.
Serica Energy announces maiden dividend despite Covid-19
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
Serica ‘resilient’ as it brings in Awilco rig to drill North Sea well
Serica Energy's boss has said his firm will "weather the downturn" as it executed a deal to bring in an Awilco rig to drill a North Sea field.
RockRose Energy slashes spending and cuts number of North Sea wells for 2020
RockRose Energy has slashed spending for 2020 by more than £80m in response to the Covid-19 outbreak and cut the number of UK wells it will participate in.
The next chapter of the oil crisis: Industry shuts down
Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.
Life extension for Bruce, but end may ‘hasten’ for other North Sea fields
Cutting costs has added years to the life of Serica Energy’s Bruce platform, but other operators may need to "hasten" the end of some North Sea assets according to CEO Mitch Flegg.
Serica Energy hails ‘extremely good year’ as pre-tax profits nearly triple
Serica Energy has hailed “exceptional” results after nearly tripling its pre-tax profits in its first full year of operatorship for its Bruce, Keith and Rhum (BKR) assets in the North Sea.
North Sea firms see shares slide as FTSE 100 closes deeply in the red
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
WATCH: Serica Energy workers Clap for Carers on Bruce Platform
https://www.youtube.com/watch?v=-cnA0PURvuA
Serica restarts Bruce platform after five-week shutdown over ‘deteriorated caisson’
Serica Energy has restarted its Bruce platform after a five-week shutdown following the discovery that an underwater structure had become “deteriorated”.
Changes reflected at ‘Hill’
Hill of Rubislaw in Aberdeen reflects the changing face of the North Sea oil and gas industry, two of the north-east’s leading commercial property experts said yesterday.
Serica Energy can withstand ‘little setback’ of North Sea shutdowns, says CEO
Serica Energy’s boss has said the firm is “well equipped” to withstand the two-month shutdown of its main producing assets in the UK North Sea.
‘Deteriorated caisson’ at Bruce platform to bring two-month shutdown to three North Sea fields
Serica Energy will shut down three North Sea fields for two months after discovering an underwater structure at its Bruce platform had become “deteriorated”.
Serica to announce maiden dividend, takes disciplined approach to deals
London-listed oil firm Serica Energy expects to announce its maiden dividend in April following a year of “strong performance”.
Contrasting fortunes for North Sea duo after market updates
North Sea exploration and production companies Serica Energy and Independent Oil and Gas had contrasting fortunes on the London Stock Exchange yesterday after providing market updates.
Serica wins ‘out of round’ North Sea licence
Exploration and production firm Serica Energy has announced an "out of round" North Sea licence award.
Serica picks Babcock for North Sea copter flights
Serica Energy has picked helicopter operator Babcock Offshore to fly its crew to the Bruce field in the North Sea.
Maersk Drilling wins multi-million North Sea exploration deal with MOL
Maersk Drilling has announced the award of a multi-million exploration deal with Hungarian firm MOL in the Southern North Sea.