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Tailwind News

Bekaert Joins Tailwind Floating Wind Moorings Innovation Project

Apr 04, 2024

Belgium-based offshore mooring systems specialist Bekaert has joined the Tailwind project, which aims to develop advanced mooring solutions for floating wind industry.The Tailwind project, launched in January 2024, will aim to deliver advanced station-keeping technologies鈥

North Sea Energy Firms Look Beyond UK After Tax Squeeze

May 20, 2024

North Sea oil and gas producers are merging and shifting overseas as Britain's windfall tax slashes profits and as the opposition Labour Party threatens more tax if it wins the next general election.The change of strategy could accelerate the decline of domestic production鈥

Serica Energy Plans Four-Well Drilling Campaign in North Sea

Feb 05, 2024

UK North Sea-focused oil company Serica Energy has set out plans to drill four wells in the Triton area, along will well work on the Bruce and Keith fields as part of its investment program for 2024.Serica is planning an 鈥榓mbitious program鈥欌

Serica Energy CFO Andy Bell to Step Down, Martin Copeland Named Successor

Nov 21, 2023

Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland鈥

Subsea Tie-backs: Serica Energy Eyes Redevelopment of Kyle 云顶赌场老虎机 Field

Oct 31, 2023

UK-focused oil and gas company Serica Energy said Tuesday its subsidiary Tailwind Energy Chinook Limited had been awarded an offshore license in the UKCS 33rd 云顶赌场老虎机 Licensing Round. Tailwind Energy has secured a 100% stake in the UK  block 29/2a鈥

Serica Energy Completes Acquisition of Tailwind Energy

Mar 23, 2023

UK-based oil and gas company Serica Energy said Thursday it had completed the acquisition of Tailwind Energy and that admission of the completion consideration shares to trading on AIM has occurred.Serica said in December 2020 it would acquire Tailwind鈥

Triton FPSO Sees Highest Output Rates in 10 Years as Tailwind's Well Comes On Stream

Feb 20, 2023

Production from Tailwind Energy's Gannet GE-04 well in the UK North Sea has started via the Triton FPSO, Serica Energy said Monday.The diving support vessel Deep Discoverer mobilized to the Triton area in early February to carry out the subsea tie-in of the Gannet GE-04 well鈥

Serica Energy's Acquisition of Tailwind Energy Set to Complete

Mar 21, 2023

Oil and gas company Serica Energy said Tuesday that the conditions precedent in relation to its proposed acquisition of Tailwind Energy from Tailwind Energy Holdings LLP had been satisfied, save for the condition precedent relating to the Admission of the Completion Consideration Shares鈥

Serica Chairman and North Sea Pioneer Craven Walker Steps Down

Apr 14, 2023

Serica Energy Chairman Tony Craven Walker, a pioneer of British North Sea oil, will step down in June after leading the oil and gas producer for 18 years, he announced on Thursday.Craven Walker will be succeeded by David Latin, who has been鈥

UK North Sea Merger: Serica Energy to Buy Tailwind

Dec 20, 2022

UK North Sea oil producer Serica Energy has agreed to buy Tailwind Energy Investments Ltd ('Tailwind') from Tailwind Energy Holdings LLP.The consideration for the acquisition comprises the issue of up to 111,048,124 new ordinary shares in Serica鈥

Serica Pushes for Expansion Beyond UK North Sea after Tailwind Deal

Jan 05, 2023

Serica Energy will look to expand beyond the British North Sea following the acquisition of smaller rival Tailwind in order to diversify its revenue sources, its chief executive said.Serica last month announced it had agreed to buy privately鈥

Tailwind Energy Brings North Sea Field Online

Sep 13, 2022

UK-based oil and gas company Tailwind Energy has started production from its Evelyn field in the North Sea, a tie-back development connected to Dana Petroleum's Triton FPSO via a subsea production line and umbilical services line.Evelyn is located in licence P鈥

Wintershall Dea Exits Russia

Jan 18, 2023

BASF will take a 7.3 billion euro ($7.9 billion) writedown as its Wintershall Dea energy business pulls out of Russia, the German chemicals giant said, triggering a net loss for 2022 and sending its shares lower. Wintershall Dea has deep ties to Russia鈥

UK North Sea Oil & Gas Producers Seek Price Floor to Limit Windfall Tax

Dec 06, 2022

The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital鈥

Euro Hits 20-year Low on Russian Nord Stream Gas Pipeline Halt

Sep 05, 2022

The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt on gas supply down its main pipeline to Europe sparked concerns over energy prices and growth.The euro slid to $0鈥

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