Friday Jan 31, 2025
Rosebank and Jackdaw uncertainty, Serica's shopping, and ‘modest’ Morecambe

There's plenty going on in UK energy this week as Shell and Equinor's court case came to a close just in time for Ryan Duff to come back from his holiday and discuss with Mat Perry and Erikka Askeland.
First up, Mat explains why all sides have claimed victory following a ruling at Scotland’s Court of Session which overturned approvals for the Rosebank and Jackdaw oil fields. The ball is now in Ed Miliband's court as he has to write the rulebook on how UK operators calculate downstream emissions.
Ryan has been chatting with Serica CEO Chris Cox who is "always looking on the bright side of life," according to Erikka. Cox has discussed his intentions to double down on UK mergers and acquisitions after his firm previously looked to Norway. With assets being too expensive across the border and optimism that things can only get better, Cox is shopping in the North Sea.
Finally, Carbon credits crunch Spirit Energy as it asks for “modest, pragmatic” support from the UK government. Erikka discusses how the firm which is celebrating 40 years of production from its Morecambe hub this month is running into issues with its CCS ambitions for the site.