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 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.
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.
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.
Independent operator Serica Energy (AIM: SQZ) has received final approval from the North Sea Transition Authority (NSTA) regulator for its £100 million Belinda development.
Serica Energy (AIM: SQZ) has appointed Chris Cox as its chief executive with the former Spirit Energy boss set to take up the role in July.
Serica Energy (LON: SQZ) is on the hunt for a new chief executive as Mitch Flegg has stepped down following six years at the helm.
Lower commodity prices left Serica Energy’s earnings lower in 2023 compared to the previous year, prompting the firm's chairman to hit out at the windfall tax.
Move could see development of Belinda discovery in UK.
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
Serica Energy (LON:SQZ) has completed its acquisition of a 30% non-operated interest in the Greater Buchan Area (GBA) redevelopment from Jersey Oil and Gas (LON:JOG).
Diamond Offshore Drilling announced a brace of contract wins, including work for Serica in the North Sea and a BP subsidiary in the Gulf of Mexico.
Serica Energy (LON:SQZ) has announced its chief executive officer Mitch Flegg will leave the company after six years at the helm.
After selling-off its North Sea assets, Capricorn Energy (LON: CNE) is making a re-entry into the UK through a new deal with Waldorf Production.
Serica Energy (LON: SQZ) has bolstered its “financial firepower” after securing a loan deal worth $525m over six years.
BP (LON: BP) and Serica Energy (AIM: SQZ) have respectively extended contracts with Noble Corporation and Odfjell Technology in the UK North Sea.
Serica also announced the founders of Tailwind Energy will depart the company in March next year following the £367 million takeover.
The Aberdeen firm has won a multi-million-pound North Sea deal from Neo Energy.
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea's Greater Buchan Area development from Jersey Oil and Gas (JOG).
Serica Energy (LON:SQZ) has announced a new chief financial officer will take up his post in the new year, after current CFO Andy Bell confirmed his intention to step down.
Tailwind Energy, a subsidiary of London-listed (LON: SQZ) Serica Energy, has been awarded a 100% interest in a North Sea block as part of the 33rd licensing round.
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 reported a large increase to pre-tax profits but lambasted the “burden” of the UK windfall tax on the wider industry.
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 UK (OHSUK) has secured a five-year contract extension with Serica Energy, following news of “lower than normal client activity” from the firm.
North Sea operator Serica Energy (LON: SQZ) has announced the appointment of two new board members.