energy profits levy

London Stock Exchange

Serica Energy acquires portfolio of assets in the UK North Sea for $18.9 million
ByNNR September 30, 2025September 30, 2025

LONDON: Serica Energy plc (AIM: SQZ) is pleased to announce it has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. The acquisition is a corporate acquisition of Prax Upstream for a consideration of £14.5 million ($18.9 million). Completion is…

Read More Serica Energy acquires portfolio of assets in the UK North Sea for $18.9 million
London Stock Exchange

EnQuest reports H1 loss amid UK windfall tax; Expands Southeast Asia footprint
ByNNR September 24, 2025September 24, 2025

Revenue declined 6% to $549.1 million, while cost of sales rose 10% LONDON: EnQuest PLC reported a statutory net loss of $173.5 million for the first half of 2025, citing a $123.9 million non-cash adjustment linked to the UK’s extended Energy Profits Levy. The oil and gas group maintained production guidance despite infrastructure outages and…

Read More EnQuest reports H1 loss amid UK windfall tax; Expands Southeast Asia footprint