Mitch Flegg, the boss of North Sea-focused Serica Energy has highlighted the firm’s appetite for bumper acquisitons where most of the assests bigger competitors may have lost interest in lie. After the completion of a portfolio purchase from BP 6 months go, this has propelled it into the premier league, according to Mr Flegg as...

An exploration and production firm has achieved the “incredible achievement” of delivering first oil from its flagship North Sea field on time and within budget. This has only just started the work in developing “considerable resources” at Lancaster field, to the west of Shetland, Hurricane Energy said. Due to its naturally fractured basement reservoirs, London-headquartered...