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.
Fotla
Ithaca completes Fotla acquisition, eyeing 2026 start-up
Ithaca has confirmed the completion of its deal to acquire the remaining 40% stake in the Fotla discovery from Spirit Energy.
Ithaca buys Fotla stake and three exploration licences from Spirit
Ithaca Energy (LON: ITH) is now the sole owner of the Fotla discovery after buying the remaining 40% stake from Spirit Energy.
Fotla and a delayed Marigold project in the Ithaca Energy FID pipeline
Aside from the giant Rosebank and Cambo oilfields - the former expected to be sanctioned this year - there’s a pair of smaller projects in the FID pipeline for Ithaca Energy (LON: ITH).
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.
UK wellslot: Three wells active in the North Sea
Westwood Global Energy reports that as of 25 October there was one appraisal well and two exploration wells active in the UK. Completions to date in 2021 are two appraisal wells at 22/26d-3 Glengorm South and 30/13e-12, 12Z Talbot and three exploration wells at 22/6c-B4Z Bacchus South, 16/2a-6 Tiger Lily and 22/1b-12, 12Z, 12Y Fotla.
Well Slot: Appraisals underway for Harbour Energy and CNOOC prospects in UK
Westwood Global Energy reports that as of 31 August there were two appraisal wells and one exploration well active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and two exploration wells at 22/6c-B4Z Bacchus South and 16/2a-6 Tiger Lily.
Ithaca makes first UK North Sea find of 2021 at Fotla
Ithaca Energy’s oil find at Fotla has been described as a “ray of light” for UK exploration, in what has otherwise been a tough year.
Ithaca Energy kicks off drilling at Fotla prospect
Ithaca Energy has started drilling work at its Fotla project in hopes of boosting barrels via its Alba field.
Ithaca picks Awilco rig for North Sea exploration well
Rig contractor Awilco said today it would drill an exploration well in the UK North Sea for Ithaca Energy.