Updated: Ithaca Energy back in the black and awarding contracts for key North Sea schemes
Ithaca Energy was back in the black in the first quarter of 2021, as the North Sea oil firm shook off the ill effects last year's hefty impairments.
Delek
Delek mulls debt-for-equity swap for North Sea operator Ithaca Energy
Delek is considering a debt-for-equity swap and dual listing for North Sea operator Ithaca Energy in order to cut the parent firm's £1billion debt pile.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
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.
Ithaca to pay $20m dividend to Delek as RBL redetermination completed
Ithaca Energy has completed its latest scheduled six-monthly reserves based lending facility redetermination process.
Expect lenders to help indebted oil firms survive until ‘less rainy day’
A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.
US oil major is north-east decom centre’s maiden anchor partner
A US oil major that sold most of its UK offshore business last year has become an Aberdeenshire-based research centre’s first industrial “anchor partner”.
Chevron North Sea remnant moving into new Aberdeen office
US oil major Chevron plans to relocate its remaining Aberdeen employees to a prominent Granite City office block.
Giant Israel gas field brings energy security and health anxiety
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
Boss Thomas says Ithaca ‘raring to go’ after Chevron acquisition
Ithaca Energy’s boss said yesterday that the enlarged company was “raring to go” after completing the £1.6 billion acquisition of US firm Chevron’s UK North Sea business.
Updated: Delek’s Ithaca completes Chevron North Sea deal
Israeli firm Delek Group's Aberdeen-based subsidiary, Ithaca Energy, has completed the acquisition of Chevron’s UK North Sea business.
Cyprus signs off on Aphrodite exploitation plan
Cyprus has issued an exploitation licence to three companies to develop the Aphrodite field, with gas to be exported to Egypt for liquefaction.
Delek confirms bid for Chevron’s central North Sea portfolio
Israel-headquartered firm Delek Group today confirmed it had tabled an offer for a package of central North Sea assets owned by US oil major Chevron.
Delek closes in on North Sea deal with Chevron, report says
Israel-headquartered oil firm Delek Group is close to striking a deal to buy Chevron's North Sea oilfields, a news report said.
Top lawyers supporting Scotland’s oil and gas industry recognised
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
Energy deals steer Pinsent Masons to 6% jump in global turnover
International law firm Pinsent Masons has reported increased global turnover by 6% to £449.8 million.
Ithaca boosts production, plans to restructure debts in 2018
Ithaca Energy said today that the start up of the North Sea Stella field boosted production by 49% last year.
Ithaca shrinks board, Les Thomas continues as CEO
Ithaca Energy said today that its board had been thinned out following the North Sea oil producer's takeover by Israeli firm Delek Group.
Israeli gas company announces export deal with Egypt
An Israeli energy company has announced a 15 billion dollar (£10.6 billion) deal to supply natural gas to Egypt, in the largest export agreement to date for Israel's nascent natural gas industry.
Ithaca acquisition boosts Delek’s performance
Israel's Delek Group said today that a strong showing from Aberdeen's Ithaca Energy had bolstered its third quarter results.
Update: Upturn in Ithaca’s results, but Stella reserves could drop
Ithaca Energy narrowed its losses during a first half in which the North Sea operator changed hands.
Ithaca narrows first-half losses, ramping up Stella output
North Sea operator Ithaca Energy narrowed its losses during a first half in which the company changed hands and achieved first oil from the Stella field.
Delek to raise $980m from Mediterranean licence sales, plans to ditch Atwood rig
Israeli firm Delek has sold its interests in the Tamar and Dalit leases in the Mediterranean for $980million.
Ithaca chips away at operating costs in wake of Delek takeover
Ithaca this morning reported a reduction in its operating costs for the first quarter of the year.
Delek’s stake in Ithaca up to 94% as tender closes
Israel's Delek Group said today that it had taken control of 94.2% of North Sea firm Ithaca Energy.