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.
Serica Energy (LON: SQZ) has seen its profits surge 88-times over year-on-year amid a boost to new production.
Analysts have backed Shellโs (LON:SHEL) Shearwater production hub to keep operating well into the next decade.
Serica Energy (LON: SQZ) has quadrupled production from a 24-year-old BP well in the North Sea.
โA really opportune momentโ 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 Energyโs chief executive has reaffirmed the companyโs commitment to pursuing an โinvestment-led strategyโ this year.
UK oil and gas firm Serica Energy (LON: SQZ) has announced first production from its 14 million barrel Columbus field.
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 (LON: SQZ) has pushed back the start-up date for its 14 million-barrel Columbus project in the North Sea.
Serica Energy profits tumbled 90% in the first half of the year as its gas hedging position and planned outages took a toll.
Serica Energy has outlined โdifficultiesโ in drilling the Columbus development in the North Sea, costing the operator ยฃ3million.
Serica energy has started drilling the development well for its 14million-barrel Columbus project in the North Sea, which was delayed by Covid.
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 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 Energyโs boss said today that maintaining an โextremely low cost baseโ was a key factor in the companyโs delivery of profits in the first half of 2020.
Serica Energy has announced its maiden dividend to โreward shareholdersโ despite the challenges of Covid-19.
RockRose Energy has slashed spending for 2020 by more than ยฃ80m in response to the Covid-19 outbreak and cut the number of UK wells it will participate in.
Serica Energyโs 13million barrel Columbus gas project in the North Sea is facing potential delays due to the Covid-19 outbreak.
Maersk Drilling has won a ยฃ6.2 million contract with Serica Energy for a development well at the Columbus field in the central North Sea.
Serica Energy has confirmed it is preparing to go to tender for key items for its North Sea Columbus development.
Tailwind Energy has wrapped up the acquisition of the UK business of Houston-headquartered oil and gas firm EOG Resources.
Serica Energy has taken a major leap towards first oil from the Columbus field in the central North Sea.
Shellโs decision to go after gas from the Arran field gave the UK North Sea its 11th project sanction of 2018.
Tailwind Energy has agreed to buy the UK business of Houston-headquartered oil and gas firm EOG Resources.
Trinidad-focused Columbus Energy Resources is on course to ramp up its resources after agreeing to buy Steeldrum Oil Company.
Serica Energyโs boss said yesterday that the oil firm is โrecruiting like madโ as it prepares to open new operational headquarters in Aberdeen.