Scottish & Southern Energy buys $1.43bn gas assets
A UK utility has committed to spend the money on upstream gas assets
A UK utility, Scottish & Southern Energy, has committed to spend some £915m ($1.43bn) on upstream gas assets, with the purchase of a 20% stake in a parcel of West of Shetland assets from Total. Collectively known as the Greater Laggan Area, the deal includes four gas fields - Laggan, Tormore, Edradour and Glenlivet -- and surrounding exploration acreage some 125km north west of the Shetland Islands. SSE is also buying a 20% interest in the new Shetland gas plant. The French major will continue as operator of the assets with 60% and Danish Dong has the remaining 20%. It has set itself the goal of raising $5bn from disposals this year. The deal consists of £565m for the assets as of 1 Janu
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
