Serica Energy (LON: SQZ) has seen its profits surge 88-times over year-on-year amid a boost to new production.
Petrofac (LON:PFC) has secured a three-year contract extension with Serica Energy, covering maintenance services at its northern North Sea assets.
Drilling operations on the North Eigg exploration well have been hit by delays, Serica Energy (LON: SQZ) has confirmed.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Serica Energy (LON: SQZ) has quadrupled production from a 24-year-old BP well in the North Sea.
Andrew Austin has a track record of dealmaking in the North Sea and has now set his sights on independent Serica Energy (LON: SQZ).
Serica Energy (LON: SQZ) has issued a lengthy statement denouncing the bid from smaller rival Kistos (LON: KIST) as “significantly undervaluing” the company.
North Sea operator Serica Energy (LON: SQZ) spudded the North Eigg exploration well this morning.
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?
North Sea operator Serica Energy (LON: SQZ) has said it is “increasingly” exploring M&A opportunities outside of the UK.
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.
Researchers have set out the near-term impact on North Sea players from the windfall tax, while EnQuest reportedly is looking elsewhere to invest.
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 has sold its 5% stake in North Sea operator Serica Energy (LON: SQZ) for £49.3 million.
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 has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
Serica Energy confirmed Thursday that production had resumed from its Rhum field, following an outage reported last month.
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 flights going to and from North Sea oil and gas installations have been impacted as Storm Eunice hits the region.
“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’s latest monthly supplement has been published with The Press & Journal.