EnergyReader · 2026-08-10 08:43

Serica Buys Pharos Energy to Add Egypt and Vietnam Barrels

By EnergyReader Newsroom · August 10, 2026

Serica Energy's boards agreed on Monday (2026-07-27) to acquire the entire issued share capital of Pharos Energy, taking the Aberdeen-based producer into Egypt and Vietnam for the first time. Financial terms were not publicly disclosed, though Serica said it had recently secured financing ahead of signing.

This piece has moved into our archive. We keep the full historical record — pricing, storage, weather, positioning — for our own research, and license access to it separately. Contact us about archive access →

Connected coverage Stories linked to Egypt through the market graph: same hub, spread, route or driver.

Trump's Venezuelan SPR Deal Faces Years-Long Timeline, Analysts Warn 2h ago · US Strategic Petroleum Reserve same desk ING Warns Supply Risks Persist as Saudi Rerouting Caps Crude Bounce 8h ago · Saudi Arabia same desk Inventory Draws and Hormuz Flows Pull Against WTI's Diplomatic Discount 9h ago · WTI same desk EIA Reports 3-Million-Barrel Crude Build for Week Ending September 18 9h ago · EIA same desk Brent and Treasury Yields Breach Key Levels Together, Squeezing Equity Markets 11h ago · Brent same desk China's Weak Retail Data Clouds Brent's Hold Above $100 12h ago · Brent same desk

Get this in your inbox

Daily briefings for commodity traders