Serica Energy PLC - London-based oil and gas producer in UK North Sea - Chief Executive Officer Christopher Cox buys 64,007 shares at average GBP1.70, worth GBP108,747, on Tuesday. Serica earlier Tuesday said it agreed to buy some southern North Sea assets from Spirit Energy Ltd, a subsidiary of Centrica PLC. Centrica owns 69% of Spirit Energy. Serica will pay GBP57 million for the assets, which include Spirit Energy's 15% interest in the Cygnus gas field, and all other producing assets in the Greater Markham area and southern North Sea. Read More
(Alliance News) - Centrica PLC on Tuesday announced the sale of a number of Spirit Energy Ltd's southern North Sea assets to Serica Energy PLC. Read More
Serica Energy PLC - London-based oil and gas producer - Completes the USD18.9 million acquisition of Prax Upstream Ltd from Prax Exploration & Production PLC. Serica assumes PUL's cash balance of USD34 million, USD12 million of which is restricted to cover expected Serica commitments on floating production, storage and offloading demobilisation. Prax Upstream's Lancaster field adds 5,900 barrels of oil equivalent per day to Serica's portfolio. It is expected to cease production by mid-2026 when the Aoka Mizu FPSO leaves the area. Also, completes the announced farm-in agreement for a 40% interest in the P2530 Licence from Finder Energy Holdings Ltd. The P2530 licence contains the Wagtail oil discovery and the low-risk Marsh and Bancroft exploration prospects. Read More
(Alliance News) - Serica Energy PLC on Thursday called the UK government budget a "missed opportunity" for investment in North Sea energy, as it reported lower average production in the year to date. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - Stock prices in Europe opened in the green on Thursday, with equities in London higher, though some sectors grappled with the fallout of Wednesday's UK government budget. Read More
(Alliance News) - Pennon reports strong half-year results, while Flutter hit out at UK budget measures which offer a "big win" for illegal betting operators. North Sea operator Serica assessed the budget as a "missed opportunity". Read More
(Alliance News) - The FTSE 100 rose, the pound strengthened, while gilt yields fell on Wednesday as financial markets gave a guarded welcome to Rachel Reeves' UK budget. Read More
(Alliance News) - Betting operators were significant losers from Wednesday's budget as the UK government raised taxes on the sector. Read More
(Alliance News) - Stock prices in London were lower at midday on Thursday, with the FTSE 100 lagging behind its European peers as weak corporate updates and ex-dividend shares offset gains elsewhere. Read More
(Alliance News) - Serica Energy PLC on Monday said its proposed buy of BP PLC's stake in the P111 and P2544 licences was scuppered, after another partner at the assets opted to take up its rights of pre-emption. Read More
(Alliance News) - Serica Energy PLC on Tuesday said it reached an agreement with Finder Energy Holdings Ltd to obtain a 40% interest in P2530, a North Sea licence. Read More
Serica Energy PLC - North Sea-focused oil and gas producer - Says still committed to moving to the Main Market of the London Stock Exchange from AIM, despite a delay. The move had been set to be completed in the fourth quarter of this year. Owing to recent acquisition activity, however, the move will no longer be possible this year, Serica says. Earlier this month, it agreed to buy all of BP PLC's stakes in the P111 and P2544 licences in the UK North Sea. In September, Serica signed a deal to buy 100% of Prax Upstream Ltd from Prax Exploration & Production PLC, which is in administration. The listing move is expected to take place at the earliest opportunity following publication of Serica's 2025 accounts, it says. Read More
(Alliance News) - Barclays reported slightly lower third-quarter profit after taking an extra charge for UK motor finance redress, while Liberty Global halved its ITV stake in a GBP135 million share sale. Read More
Serica Energy PLC - North Sea-focused oil and gas produce - Says production at the Triton floating production storage & offloading unit resumed in line with expectations at a limited level shortly after it was temporarily suspended. Earlier this month, Serica said production was halted owing to an issue with the flare system. Notes that the operator has now "ramped up" production, reaching a rate of over 25,000 barrels of oil equivalent per day net to Serica. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Serica Energy PLC on Monday said it has signed an agreement to buy all of BP PLC's stakes in the P111 and P2544 licences in the UK North Sea. Read More