‘Lack of opportunity’ in UK sees Serica eye Norway re-entry
Serica Energy is in discussions over several deals in Norway and Europe, as CEO Mitch Flegg lamented a “lack of opportunity” in the North Sea as a result of the windfall tax.
Serica Energy
Serica Energy balances buoyant results with ‘wholly unwelcome’ windfall tax
Serica reported a large increase to pre-tax profits but lambasted the “burden” of the UK windfall tax on the wider industry.
Stepwise launches emissions reduction pilot with Serica Energy
Environmental services firm Stepwise has announced a pilot project with North Sea operator Serica Energy to reduce emissions from offshore oil and gas wells.
Offshore Helicopter Services lands five-year deal amid turbulent market conditions
Offshore Helicopter Services UK (OHSUK) has secured a five-year contract extension with Serica Energy, following news of “lower than normal client activity” from the firm.
Serica Energy adds North Sea heavy hitter to board
North Sea operator Serica Energy (LON: SQZ) has announced the appointment of two new board members.
Outgoing Serica chairman blasts UK political parties in parting letter
Since Serica’s 2022 AGM there has been a “whirlwind of anti-oil and gas sentiment”, Tony Craven Walker says, with “UK industry caught in the cross fire”.
Serica Energy calls time on Eigg exploration licence
Serica Energy (LON: SQZ) has called time on exploration around the Eigg prospect, including any hope of a side-track well.
Harbour Energy, Serica Energy among visitors to Orkney wave energy/subsea power scheme
A Scottish wave and energy storage solution – that can be used to power subsea assets – was put on show for the oil and gas industry last week.
Outgoing Serica chairman decries ‘unsustainable’ tax on North Sea
Serica Energy (LON: SQZ) chairman Tony Craven Walker has warned that the UK Government’s North Sea taxation is “likely to become unsustainable” with gas prices having dropped.
Further life extensions to Bruce possible with Serica eyeing nearby opportunities
Serica Energy’s (LON: SQZ) chief executive has backed the Bruce platform to keep producing for years to come, after a third life extension was announced for the namesake field.
Shakeup in league table of UK North Sea top producers
The league table of the top 15 production hubs in the UK North Sea has seen a raft of changes in the last year.
Aberdeen oil and gas workers swap hard hats for hiking boots to raise thousands for charity
Oil workers from Aberdeen are preparing to raise thousands of pounds for the British Army’s official charity.
‘Tough decisions’ now ‘paying off’ for North Sea firm Serica as profits jump
North Sea firm Serica Energy (LON: SQZ) is attributing its latest set of financials to bold decisions made when the “going was tough”.
North Sea veteran to step down as Serica chairman
The chairman of Serica Energy (LON: SQZ) is calling it a day after 18 years with the North Sea oil and gas operator.
Serica profits up 361% year-on-year, extends life of Bruce field to 2035
Serica Energy (LON: SQZ) takings soared in 2022 during a year of “outstanding progress” for the North Sea oil and gas firm.
Serica reserves top 130m barrels following Tailwind deal
A new independent audit of Serica Energy reserves shows growth of more than 25 million barrels in the wake of its acquisition of Tailwind Energy.
Aberdeen’s Salus Technical lands £50k training deal with Serica
Salus Technical has secured a significant contract to provide process safety training for all employees at North Sea E&P group Serica Energy.
Serica moves into list of top 10 North Sea producers after formal completion of Tailwind deal
London-listed Serica Energy (LON: SQZ) has formally completed the previously announced takeover of Tailwind Energy.
Serica confirms first production from Tailwind’s Gannet E
Serica Energy has confirmed the completion of commissioning of a new well at the Tailwind Energy-operated Gannet field, with production now online.
Future North Sea 2023 in pictures
Energy Voice's third annual Future North Sea event made its in-person debut at Aberdeen's P&J Live today.
Unstable UK tax regime may lead to North Sea assets being ‘mothballed’
There's a risk of "prematurely having to mothball" parts of the North Sea industry due to the UK's unstable tax regime, an industry event has heard.
Serica production ‘strong despite some challenging weather’
UK-based upstream firm Serica Energy (LON: SQZ) says that production is continuing to benefit due to investment, despite daily rates lagging compared to last year's average.
Westwood: Harbour Energy one of just two IOCs to finish 2022 with lower share price
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
Serica Energy backers approve Tailwind takeover
While the acquisition has secured enough backing to move forward, there is still a sizeable chunk of shareholders who opposed it.
Serica backers readying for crucial vote on Tailwind acquisition plans
Investors in Serica Energy are preparing to head to the metaphorical ballot box to vote on the company’s planned acquisition of Tailwind Energy.