EnQuest drops takeover bid for North Sea rival Serica Energy
North Sea operator EnQuest will no longer proceed with a takeover bid for UK independent Serica Energy, the firm announced today.
Serica Energy
North Sea merger mania: is ‘the writing is on the wall’?
Recent transactions have hinted of a new shape taking place based on current commercial realities and around three key North Sea fields.
Triton FPSO downtime weighs on Serica Energy’s 2024 results
Serica Energy’s 2024 results have been weighed down by ongoing issues on the Triton floating production offloading and storage (FPSO) vessel.
Triton FPSO restart pushed back until May
Serica Energy has said that it expects production from the Triton floating production storage and offloading (FPSO) vessel will not recommence until at least May.
Serica Energy makes share filing in wake of EnQuest takeover bid
EnQuest’s proposed takeover of North Sea rival Serica Energy has potentially come closer as Serica files papers under the UK takeover code.
EnQuest launches bid for Serica Energy
Serica Energy and EnQuest are in discussions about a possible transaction to combine the two companies.
Serica receives sanctions waiver extension from US for Rhum
UK independent operator Serica Energy has received a two-year extension to its sanctions waiver from the US for a North Sea field.
Triton FPSO shut down over Storm Eowyn damage
Serica Energy (AIM: SQZ) has suspended production from the Triton floating production storage and offloading (FPSO) vessel due to damage from Storm Eowyn.
Serica seeks sanctions waiver extension from trade war Trump
North Sea independent Serica Energy (AIM: SQZ) has applied to extend a license exempting it from potential United States sanctions on its stake in the Rhum field.
HSE serves notice on Serica over Bruce gas release
Independent North Sea producer Serica Energy (AIM: SQZ) has been served with an improvement notice by the Health and Safety Executive (HSE) over the release of fuel gas at its Bruce platform.
Serica to buy North Sea assets as UK ‘can’t get any worse’
North Sea independent Serica plans drilling campaigns for Bruce, Keith and Rhum as boss doubles down on UK M&A ambitions.
Serica admits ‘disappointing’ end to 2024
Independent North Sea producer Serica (AIM: SQZ) said production at the end of the year has proved "disappointing" following a delayed restart on the Triton floating production storage and offloading (FPSO) unit.
Serica relief as North Sea tax regime offers ‘opportunities’
Independent North Sea producer Serica Energy (AIM: SQZ) welcomed changes made to the UK's offshore oil and gas tax regime in its most recent update.
Stick or Twist: The North Sea operators who are warning they will leave the UK
Read our compilation of the UK oil and gas firms who wave made their views clear as Labour’s first budget looms.
Serica on track to meet full year targets thanks to oil production boost
Oil and gas firm Serica Energy (AIM: SQZ) has confirmed it will hit its full year targets for production as two North Sea wells deliver on their promise.
Watch: New film highlights importance of UK oil and gas for its workers
Serica Energy and unions GMB and BRINDEX have created a campaign highlighting the role of North Sea oil and gas in the lives of its workers.
The North Sea semisub market may seem buoyant, but looks can be deceiving
The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
Jersey Oil and Gas ‘hopes sense prevails’ in Westminster
Jersey chief executive Andrew Benitz said the firm's achievements have been marred by "fiscal and political turmoil" which has forced them to take measures including a 50% cut in staff and director salaries.
Serica Energy assets remain ‘cash generative’ despite ‘unjustifiably punitive fiscal regime’
North Sea operator Serica Energy said its UK offshore assets remain "cash generative" despite an "unjustifiably punitive" fiscal regime as it released its half year results today.
Power Moves: Gillian King leaves NZTC and more
Gillian King has left her position as the director of business development at the Net Zero Technology Centre (NZTC).
Swedish floating wind firm SeaTwirl to explore offshore electrification with Serica Energy
Swedish floating wind turbine developer SeaTwirl has signed a memorandum of understanding with Serica Energy to explore electrification of offshore assets.
EPL changes mean ‘companies like Serica won’t invest’ says chairman
Serica Energy's chairman has argued that changes to the EPL will lead to firms like his not investing in the UK and job losses.
Serica Energy completes first redetermination on $525m loan
Serica Energy (LON: SQZ) has increased the borrowing base on its up-to $525 million loan facility, increasing it from the previous US$463m to the full amount.
Serica looks outside North Sea in face of “potential future increases” in tax
North Sea oil and gas firm Serica Energy (LON: SQZ) warned it was "looking very actively overseas" for new opportunities as it faces "recent and potential future increases" in UK tax.
Subsea7 to supply Serica Energy with Belinda pipeline
Serica Energy (AIM: SQZ) has awarded Subsea7 a “sizeable” contract to supply a pipeline for the company’s Belinda field development south-east of the Triton FPSO.