Belgium-based offshore mooring systems specialist Bekaert has joined the Tailwind project, which aims to develop advanced mooring solutions for floating wind industry.The Tailwind project, launched in January 2024, will aim to deliver advanced station-keeping technologies…
UK North Sea-focused oil company Serica Energy has set out plans to drill four wells in the Triton area, along will well work on the Bruce and Keith fields as part of its investment program for 2024.Serica is planning an ‘ambitious program’…
Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…
UK-focused oil and gas company Serica Energy said Tuesday its subsidiary Tailwind Energy Chinook Limited had been awarded an offshore license in the UKCS 33rd Offshore Licensing Round. Tailwind Energy has secured a 100% stake in the UK block 29/2a…
UK-based oil and gas company Serica Energy said Thursday it had completed the acquisition of Tailwind Energy and that admission of the completion consideration shares to trading on AIM has occurred.Serica said in December 2020 it would acquire Tailwind…
Production from Tailwind Energy's Gannet GE-04 well in the UK North Sea has started via the Triton FPSO, Serica Energy said Monday.The diving support vessel Deep Discoverer mobilized to the Triton area in early February to carry out the subsea tie-in of the Gannet GE-04 well…
Oil and gas company Serica Energy said Tuesday that the conditions precedent in relation to its proposed acquisition of Tailwind Energy from Tailwind Energy Holdings LLP had been satisfied, save for the condition precedent relating to the Admission of the Completion Consideration Shares…
Serica Energy Chairman Tony Craven Walker, a pioneer of British North Sea oil, will step down in June after leading the oil and gas producer for 18 years, he announced on Thursday.Craven Walker will be succeeded by David Latin, who has been…
UK North Sea oil producer Serica Energy has agreed to buy Tailwind Energy Investments Ltd ('Tailwind') from Tailwind Energy Holdings LLP.The consideration for the acquisition comprises the issue of up to 111,048,124 new ordinary shares in Serica…
Serica Energy will look to expand beyond the British North Sea following the acquisition of smaller rival Tailwind in order to diversify its revenue sources, its chief executive said.Serica last month announced it had agreed to buy privately…
UK-based oil and gas company Tailwind Energy has started production from its Evelyn field in the North Sea, a tie-back development connected to Dana Petroleum's Triton FPSO via a subsea production line and umbilical services line.Evelyn is located in licence P…
BASF will take a 7.3 billion euro ($7.9 billion) writedown as its Wintershall Dea energy business pulls out of Russia, the German chemicals giant said, triggering a net loss for 2022 and sending its shares lower. Wintershall Dea has deep ties to Russia…
The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital…
The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt on gas supply down its main pipeline to Europe sparked concerns over energy prices and growth.The euro slid to $0…
Shell UK has signed a one year contract, with a year extension option, with Stena Drilling for the use of the Stena Don in the UK North Sea. The contract is due to start in Q2 2023 and will cover well activities, including a combination of plugging…
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