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.
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.
While the acquisition has secured enough backing to move forward, there is still a sizeable chunk of shareholders who opposed it.
Investors in Serica Energy are preparing to head to the metaphorical ballot box to vote on the company’s planned acquisition of Tailwind Energy.
Serica (LON: SQZ) has renewed a sanctions waiver from the US Government over Iran’s stake in the Rhum oilfield in the UK North Sea.
Dana Petroleum, which operates Triton, was cautioned last year by the HSE after it found employees were put at risk of exposure to legionella bacteria on board.
Drilling of the fourth well in the Gannet E expansion project has been safely completed, on time and on budget.
Further North Sea oil and gas players are being tipped to up sticks next year as companies look to streamline their portfolios.
After Tailwind, Serica Energy eyes new projects in the UK like the Belinda discovery, along with more deals and a potential energy transition shift.
Completion of the deal will put Serica in the club of top 10 producers in the UK North Sea.
Chancellor Jeremy Hunt is due to hold a meeting on Friday on the windfall tax, Energy Voice understands, with oil and gas executives seeking a price floor to the levy.
Shares in North Sea operator Serica Energy (LON: SQZ) fell on Monday after a key exploration well proved underwhelming.
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
A reluctance to take a bet on the unknown; it’s a frequent gripe levelled at North Sea operators when it comes to decommissioning.
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.