UKCS remains attractive
i3’s UKCS race not run yet
The UK-listed independent has pivoted more towards Canada. But that does not speak to diminished enthusiasm for the North Sea basin
i3 Energy pulled off two transformational deals in the Covid era. Unusually among its peers focused on the UK continental shelf (UKCS), though, this M&A saw it shift from home waters to an entirely new geography in onshore Canada. So does that mean the firm has lost its appetite for the North Sea? Petroleum Economist spoke to i3’s CEO Majid Shafiq to understand more about the pros and cons of the basin at present. What is happening with your Serenity, Liberator and Minos High assets? Shafiq: The focus is on Serenity at the moment, which we could move forward to development after appraisal. We have been speaking to a number of counterparties, as we have told the market for a while now. Bu
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
