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.
Columbus
New North Sea projects will see Shell’s Shearwater hub through to mid-2030s, Welligence says
Analysts have backed Shell’s (LON:SHEL) Shearwater production hub to keep operating well into the next decade.
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.
‘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.
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 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.
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.
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.
Columbus ‘difficulties’ cost Serica £3million
Serica Energy has outlined “difficulties” in drilling the Columbus development in the North Sea, costing the operator £3million.
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.
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.
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 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.
Serica Energy announces maiden dividend despite Covid-19
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
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.
Serica Energy’s 13m barrel Columbus project ‘likely’ to be delayed due to virus
Serica Energy’s 13million barrel Columbus gas project in the North Sea is facing potential delays due to the Covid-19 outbreak.
Maersk Drilling bags £6.2m contract for Columbus well
Maersk Drilling has won a £6.2 million contract with Serica Energy for a development well at the Columbus field in the central North Sea.
Serica preparing to go to tender for Columbus project
Serica Energy has confirmed it is preparing to go to tender for key items for its North Sea Columbus development.
North Sea player Tailwind completes EOG UK acquisition
Tailwind Energy has wrapped up the acquisition of the UK business of Houston-headquartered oil and gas firm EOG Resources.
Serica Energy’s 13m barrel Columbus plan gets OGA approval
Serica Energy has taken a major leap towards first oil from the Columbus field in the central North Sea.
Shell gives North Sea FID number 11 this year, six more to go, Woodmac says
Shell’s decision to go after gas from the Arran field gave the UK North Sea its 11th project sanction of 2018.
Updated: Tailwind buys into Columbus field with EOG transaction
Tailwind Energy has agreed to buy the UK business of Houston-headquartered oil and gas firm EOG Resources.
Columbus Energy strikes deal to buy Trinidadian producer
Trinidad-focused Columbus Energy Resources is on course to ramp up its resources after agreeing to buy Steeldrum Oil Company.
Serica steps up recruitment drive ahead of Aberdeen office move
Serica Energy’s boss said yesterday that the oil firm is “recruiting like mad” as it prepares to open new operational headquarters in Aberdeen.