Serica has sat out recent North Sea deals
Serica factors ESG into North Sea M&A ambitions
The firm has added environmental footprint into its criteria when assessing potential buys
“The market is changing. There are things that we could have bought but we are very aware of our position in the industry going forward and our commitment to ESG.” So says Mitch Flegg, CEO of UK independent Serica Energy, explaining one of the key factors in why his firm has continued to sit out the North Sea’s dealmaking flurry. “We are looking at a number of opportunities at the moment,” says Flegg. “We will continue to work hard on that.” But Serica has added criteria on the relative environmental friendliness of any potential purchases to its continuing focus on getting the right assets at the right price. “We are looking to find the right assets where we can add value but where those as
Also in this section
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
