Cambo ‘very difficult’ to sanction without windfall tax reforms, warns Ithaca boss
Ithaca Energy (LON: ITH) is appealing to Westminster to overhaul its energy profits levy, warning that the future of a key oil and gas project could count on it.
Cambo
Viaro at ‘very advanced stage’ of deal for ‘large’ North Sea production assets
Viaro Energy’s buying spree shows no sign of letting up, with the company in the final phases of a deal for more North Sea fields.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
Start-up confirmed Shell Pierce North Sea gas project
Production at the Pierce gas expansion project in the UK North Sea is now underway, Shell (LON: SHEL) has confirmed.
‘We need visibility’: Baker Hughes boss in North Sea call to policymakers
Cambo is positive, Rosebank is positive, says Romain Chambault of Baker Hughes, but Harbour Energy’s windfall tax announcement shows the price of poor policy.
Dozen upcoming North Sea projects to deliver ‘golden opportunity’
A dozen key projects in the North Sea will deliver a “golden opportunity” for the UK supply chain in the coming years, according to new research.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Stephen Flynn hints Cambo oil field would help Scotland’s ‘energy security’
SNP Westminster chief Stephen Flynn claimed the Cambo oil field near Shetland should not be ruled out if it can successfully meet key climate change targets.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
More North Sea operators tipped to exit basin in 2023
Further North Sea oil and gas players are being tipped to up sticks next year as companies look to streamline their portfolios.
Prism Energy bags deal for host of Ithaca projects, including Cambo
Prism Energy, of Aberdeen, has announced a one-year contract with Ithaca Energy for the use of the former’s digital project management system.
Shell eyes Clair South and West of Shetland potential with BP
The UK Upstream boss at Shell talks West of Shetland potential, investment and finding the right portfolio fit.
Campaigners launch trio of legal challenges to derail North Sea licensing round
A coalition of campaign groups have vowed to mount three separate legal challenges to the UK government in a bid to stop the award of new North Sea oil and gas licences.
West of Shetland oilfields due for $500m value bump from electrification
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.
BP, Equinor and Ithaca Energy team up on West of Shetland electrification
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) are teaming up to slash emissions at huge oilfields in the West of Shetland through electrification.
Your 2023 North Sea forecast: Cambo, Rosebank to drive spend to 20 year high, but it’s ‘now or never’
When this edition of the Energy Voice supplement was published a year ago, the North Sea oil and gas industry was in the doldrums.
Abigail: Ithaca marks first oil from tiny field despite big protests
Ithaca Energy (LON: ITH) has celebrated first oil from Abigail, a tiny North Sea oil and gas field which made national headlines this year.
‘Diminishing hopper’ of big North Sea projects a leash on firms’ ability to offset tax hike
Westminster’s hopes of spurring North Sea spend in the coming years could be derailed by one fundamental issue: a lack of available projects.
Ithaca capex could top £1bn in near future, driven by Cambo, Rosebank, Marigold and Fotla
Ithaca Energy is preparing to pull the trigger on hundreds-of-millions of pounds worth of spend, should a handful of North Sea projects get the go ahead.
Ithaca Energy posts huge $2bn profits in first results since IPO
North Sea producer Ithaca Energy (LON: ITH) has posted pre-tax profits of more than $2bn in its first set of results since its London debut.
Ithaca boss hints at Cambo contracts on the horizon
Ithaca Energy (LON: ITH) has hinted at contracts on the horizon for the Cambo oilfield, with “line of sight” to sanctioning the project next year.
Windfall tax is ‘biggest question mark’ over Cambo and Rosebank oil fields, says Ithaca
The looming threat of changes to the UK windfall tax is the “biggest question” hanging over development of the huge Cambo and Rosebank oilfields.
Ithaca Energy hopes IPO will be North Sea investment ‘turning point’
A top boss at Ithaca Energy (LON: ITH) hopes the company's initial public offering (IPO) in London will mark a “turning point” for investment in the North Sea.
Decom will naturally drive North Sea towards emissions reduction targets
Removing and recycling old oil and gas assets will go a long way towards helping the North Sea hit its emissions reduction targets.