Scottish & Southern Energy buys $1.43bn gas assets
A UK utility has committed to spend the money on upstream gas assets
A UK utility, Scottish & Southern Energy, has committed to spend some £915m ($1.43bn) on upstream gas assets, with the purchase of a 20% stake in a parcel of West of Shetland assets from Total. Collectively known as the Greater Laggan Area, the deal includes four gas fields - Laggan, Tormore, Edradour and Glenlivet -- and surrounding exploration acreage some 125km north west of the Shetland Islands. SSE is also buying a 20% interest in the new Shetland gas plant. The French major will continue as operator of the assets with 60% and Danish Dong has the remaining 20%. It has set itself the goal of raising $5bn from disposals this year. The deal consists of £565m for the assets as of 1 Janu
Also in this section
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
