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
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
