Ithaca IPO set for lower end of valuation: reports
Ithaca Energy is likely to price at the lower end of its guidance when its planned flotation is concluded later this week, according to reports.
Cambo
Ithaca Energy eyes valuation of up to £3.1 billion
Ithaca Energy, one of the North Sea's largest producers, could command a market valuation of up to £3.1 billion when it trades publicly next week.
Shell confirms delay to Pierce North Sea project but first gas expected by year-end
Shell (LON:SHEL) is now targeting first gas from its Pierce redevelopment by the end of the year after confirming more delays at the North Sea project.
Exploration frontier near huge Cambo and Rosebank oilfields ‘overlooked’
A frontier near the huge Cambo and Rosebank fields in the West of Shetland has been left “underexplored” according to a new study.
New play opener needed to maximise West of Shetland opportunity
Appetite exists for new oil and gas exploration west of Shetland but vital infrastructure will be needed to make good on the region’s potential resources, according to Offshore Energies UK (OEUK).
Government to fast track five North Sea oil and gas fields, including Cambo and Murlach
A handful of North Sea oil and gas schemes have been included in a list of infrastructure projects the UK Government is aiming to fast track.
WoodMac: Windfall tax ‘wipes out’ 20% of North Sea corporate value
Wood Mackenzie researchers say the government’s windfall tax measures are likely to wipe around 20% off the value of North Sea operators on average, with the impact largely dependent on current tax and investment status.
‘We would love to see Rosebank electrify the region’ says Equinor boss
Equinor is hoping its £8 billion Rosebank project can “trigger” wider electrification across the West of Shetland region.
Interview: Ex-BP boss Lord Browne calls for calm on North Sea protests
The former CEO of BP, who warned the industry of its impact on the climate 25 years ago, has said rising calls to cease new oil and gas in the North Sea should be tempered amid a need for homegrown supply.
‘Buyer beware’: Greenpeace vows Cambo legal action despite Shell exit
Greenpeace said its position on the controversial Cambo field “hasn’t changed” and that it still intends to pursue legal action if development goes ahead, as partner Shell looks to offload its stakes in the project.
Report: Shell launches process to offload stake in Cambo field
Oil giant Shell (LON:SHEL) has begun a hunt to find a buyer for its stake in the controversial Cambo field in the UK North Sea, according to reports.
UK North Sea oil needs investment to stem decline, Shell says
Britain needs to keep developing new oil and gas fields in the North Sea even as it rolls out major offshore wind and carbon capture and storage projects across the country, according Shell’s (LON: SHEL) UK head of upstream.
Shell position on Cambo ‘hasn’t changed’, despite reports to the contrary
There has been no change to Shell’s stance on Cambo and it still has no intention to progress the field, the company’s chief executive has confirmed.
Energy prices will continue to rise if oilfields like Cambo are halted – Hands
The price of energy will increase further if oilfields like Cambo do not go ahead, a UK Government minister has warned.
Siccar Point mulling next steps for 80m barrel gas field that could hinge on Cambo
North Sea firm Siccar Point Energy is nearing a decision on how best to proceed with its West of Shetland Tornado project.
‘Minimal scope’ to fast-track North Sea projects in wake of Jackdaw approval
Following the approval of Shell’s Jackdaw field, analysts are weighing in on whether the move signals an acceleration on reported government plans to “fast track” key North Sea fields.
Equinor handed two-year extension to Rosebank licences ahead of FID
Equinor has been handed an extension to the Rosebank licences – paving the way for an investment green light.
Ithaca Energy could bring planned North Sea spend forward in response to windfall tax measures
Ithaca Energy said the government's new windfall tax could accelerate the timeline for planned North Sea capex as the company looks to cash in on the investment relief.
Cambo owner Ithaca Energy to IPO in London ‘asap’
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
North Sea: 48 discoveries and 2.3 billion barrels – why aren’t they being developed?
The North Sea and West of Shetland has 48 known discoveries with 2.3 billion barrels of oil equivalent, and new research has shed light on the challenges in getting them developed.
Oil protestors flooded Kwasi Kwarteng with 20,000 emails to block Cambo
The Tory energy secretary was dealing with 100 campaign messages a day as climate activists fought to block the controversial Cambo oil field expansion off Shetland.
UK North Sea sees chance for political reprieve in energy crisis
Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history.
UK PM Johnson to meet oil and gas firms on North Sea’s future
UK Prime Minister Boris Johnson will meet with key oil and gas producers to discuss the industry’s role in shoring up the country’s supplies, following up on a new energy security strategy announced by the government earlier this month.
Group behind ‘Stop Cambo’ launch ‘Stop Jackdaw’ campaign
The group leading the charge against the controversial Cambo field has launched a new campaign targeted at Shell’s Jackdaw gas field in the North Sea.
Ten new North Sea oil projects could deliver nearly 1.5 billion barrels
Key North Sea oil projects currently in the pre-final investment decision (FID) phase could deliver nearly 1.5 billion barrels, according to new research.