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.
Ithaca Energy said the impairments against the Greater Stella Area came as a "direct result" of the windfall tax.
"Ultimately political and regulatory processes will work through to get the right answer."
Government and regulators have signed off Ithaca Energy’s plans for a further phase of enhanced oil recovery (EOR) at the North Sea’s Captain field.
Ithaca Energy is using electrification to cut emissions at Captain while also using plastic polymers to boost oil recovery.
Ithaca Energy (LON: ITH) is about to begin drilling an exploration well at the K2 prospect in the Central North Sea.
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 Energy has filed key regulatory paperwork for the next phase of its £400 million enhanced oil recovery (EOR) programme at the North Sea’s Captain field.
Growing North Sea operator Ithaca Energy has set out its expected capital expenditure plans of $444m this year as a pair of projects progress.
Energy Voice takes an exclusive behind-the-scenes look at work on Ithaca's Captain Phase 2 enhanced oil recovery (EOR) project as key components await sailaway.