North Sea—life in the old dog
There's still plenty more value to be eked out of the maturing basin, according to one of the region's most experienced operators
Serica Energy wasn't a name on many people's lips until last November, when the UK-based minnow revealed a deal to acquire a cluster of BP's North Sea assets. The proposed purchase of controlling interests in the Bruce, Keith and Rhum (BKR) fields would turn the company into a significant regional player at a stroke—but this isn't a role that daunts Tony Craven Walker, Serica's co-founder and executive chairman, who has done it all before. Craven Walker's involvement with the region's oil and gas industry dates back to the 1970s, when he worked for BP and the North Sea's glory days still lay ahead. Since then, he has been a prominent figure in the independent oil sector, founding Charterhous
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
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”
