Siccar Point banks on quality
The North Sea new entrant is relying on its assets base
Siccar Point Energy entered the UK North Sea as recently as 2016 with the acquisition of a stake in the Mariner field from Japan's JX Nippon. It substantially expanded its portfolio later that year with a deal to buy Austrian OMV's North Sea business, giving it, amongst other assets, stakes in the Schiehallion and Rosebank fields and several west of Shetland discoveries. Siccar Point, backed by private equity (PE) firms Blackstone and Blue Water Energy (BWE), has also worked on fine-tuning its holdings—selling its stake in the Jackdaw discovery to the Netherlands' Dyas, farming out a stake in its Lyon prospect to UK chemicals firm Ineos and selling a portion of its interest in the Cambo disc
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
