Ithaca Energy takes $500m hit on North Sea windfall tax decision
Ithaca Energy said the impairments against the Greater Stella Area came as a "direct result" of the windfall tax.
Alba
Highland energy boss who stood as SNP Westminster candidate quits party for Alba
A Highland energy boss who was one of the driving forces behind the Cromarty Firth green freeport bid has quit the SNP and joined Alba.
Ithaca warned by HSE for years-late safety checks and ‘crack’ in Alba cargo tank
Ithaca Energy has received a warning from the safety watchdog after being caught with several years-late integrity checks on its Alba oil storage vessel and a crack in a cargo tank.
EG LNG out of action following “incident”
An unspecified incident on September 26 has disrupted operations at Equatorial Guinea’s LNG plant.
Ithaca Energy kicks off drilling at Fotla prospect
Ithaca Energy has started drilling work at its Fotla project in hopes of boosting barrels via its Alba field.
Petrofac wins ‘multi-million dollar’ North Sea contract with Ithaca Energy
Petrofac has announced the award of a “multi-million dollar” North Sea contract from Ithaca Energy.
Updated: Ithaca looks to restart Covid-hit projects, makes staff payouts as 70 leave
Ithaca Energy plunged deep into the red in the first-half of 2020 as the sharp drop in oil prices and staff payouts weighed on the firm’s balance sheet.
NHV Group lands five-year helicopter contract extension with Ithaca
Helicopter group NHV has landed a five-year North Sea contract extension with Ithaca Energy.
Equatorial Guinea dishes out study work
Equatorial Guinea has awarded Nexant the feasibility study on a new formaldehyde plant at Punta Europa and work to develop a Gas Master Plan to Gas Strategies.
Impairments lead Ithaca Energy into the red while virus delays future projects
Impairments led North Sea operator Ithaca Energy to a £111.4m pre-tax loss in 2019, while the Covid-19 outbreak threatens delays to future projects.
Saipem wins Alen pipeline work
Equatorial Guinea has approved a $90-100 million gas pipeline contract with Saipem.
Verus Petroleum toasts ‘transformational’ 2018 as profits increase six-fold
Verus Petroleum has toasted a “transformational year” as it saw profits increase six-fold in 2018.
Equinor completes sale of Alba interest to Verus
Verus Petroleum has completed a deal with Equinor for its stake in the Alba field in the North Sea.
Verus to acquire 17% Alba interest from Statoil
Verus Petroleum has announced a deal to acquire a 17% stake in the North Sea Alba field from Statoil.
Alba seals gaskets move
Oil and gas services company Alba Gaskets is selling its own anti-corrosion and fire-resistant gaskets for the first time after investing more than £100,000 in expanding its manufacturing.
Alba buys 5% of Brockham oil field from Angus
Alba Mineral Resources has bought 5% of the Brockham oil field in England from operator Angus Energy.
Alba oil workers cut off from Wi-Fi
Oil workers on a North Sea platform have been left without internet access.
Alba topside prepares to move off to new destination
The topside for Marathon Oil’s new Alba B3 platform is getting ready for a sail away to its next stop as the platform moves towards completion. The preparations for a sail away to the Heerema Vlissingen yard are in full swing from its current location at the Heerema Zwijndrecht yard in the Netherlands.