The three major credit rating agencies have upgraded Ithaca Energy’s (LON: ITH) credit rating following the completion of Ithaca’s business combination with Italian energy company Eni earlier this month.
Ithaca Energy (LON: ITH) has appointed Tamir Polikar as a non-executive director to its board of directors as nominee of the company’s majority shareholder, Delek Group.
Ithaca Energy (LON: ITH) and Italy’s Eni have completed a business combination for the vast majority of Eni’s UK upstream oil and gas assets.
Two projects in the North of England aimed at sequestering carbon and producing hydrogen have won the full-throated support of the UK government and a pledge for nearly £22 billion over the next 25 years.
Italian major Eni has been named the upstream industry’s most-admired explorer in Wood Mackenzie’s industry-leading annual Exploration Survey.
Ithaca Energy (LON: ITH) has said that production has resumed at the Pierce field after a six-month production halt.
The combined UK group will produce over 100,000 barrels per day with a market cap of around £2bn.
New research has cast light on the top companies commanding the majority of the UK's North Sea production and spending.
The potential Ithaca Energy (LON: ITH) combination with Eni’s UK assets stands to bring the firm's reserves above that of Harbour Energy, according to analysis.
Chairman answers questions on windfall tax, sticking with the UK, and Ithaca’s Aberdeen operation post-Eni deal.
The planned entry of Italian oil major Eni “de-risks” the Cambo oilfield in the West of Shetland, owner Ithaca Energy has said.
Italian energy company Eni has welcomed the UK’s decision to grant a Development Consent Order (DCO) for the HyNet North West CO2 pipeline.
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
Eni has unveiled new details of infrastructure and timings for its Liverpool Bay carbon storage scheme, including a newbuild platform at the Douglas complex.
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
Eni's fourth-quarter profit matched estimates as its natural gas business helped to offset weakness in refining and chemicals.
Eni has reported success at the Cronos-2 well offshore Cyprus, noting “excellent gas deliverability capacity” at the find.
The Norwegian company will begin project management and engineering “immediately” at its offices in Bergen and Aberdeen.
The statement went on to say Descalzi planned to visit Malabo in the near future to present agricultural and energy projects.
Italian oil giant Eni (BIT: ENI) has completed its multibillion-dollar takeover of North Sea operator Neptune Energy.
The LIA said the work was “one of the largest exploratory projects” in Libya, with exploration on- and offshore. A and B are onshore, while C is offshore.
The UK government outlined its CCUS Vision in December, but where will the carbon set to be stored in offshore sites be sourced from?
Eni said this second FLNG vessel will begin producing in 2025. The company will market all of the produced LNG, it said.
Eni (BIT: ENI) agreed to sell about 9% of its Plenitude renewables unit to Energy Infrastructure Partners AG for €700 million ($766 million) via a capital increase to be completed in early 2024.
In notes on its decision, Norway said NewMed’s investment in the licence “is not conducted in accordance with the wishes and interests of the people of Western Sahara, and because it contributes to maintain an unresolved situation for the area”.