Serica’s management sees “industrial logic in combining the portfolios of the two companies”, Kistos says
Is there logic in Kistos-Serica?
Both sides appear potentially interested in a union on their terms. But not all analysts are convinced
UK-listed Kistos Energy has unveiled a 382p/share offer for its larger peer Serica Energy and revealed that, having initially rejected Kistos’ offer, the latter instead made an offer for the former, which was also spurned. Serica’s management sees “industrial logic in combining the portfolios of the two companies”, according to Kistos. But not everyone is convinced. “There is a clear industrial logic to a combination of the two businesses,” says Daniel Slater, oil and gas research director at brokerage Arden Partners. “There should be an element of synergies—although admittedly most costs will still be field-level. But it would also create another listed UK E&P of significant scale, with
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
