Cambo fate will be decided in months as Ithaca weighs tax uncertainty
A decision on whether the controversial Cambo field will be sanctioned or delayed is set to be decided in months as bosses weight the impact of North Sea tax policy.
Gilad Myerson
Ithaca could go it alone on Cambo – but plans not to
Ithaca Energy’s chairman says the company could sanction the West of Shetland project on its own but would prefer to bring in partners ahead of any major decisions.
‘There are no windfall profits in the industry at the moment’, says Ithaca chairman
A number of the UK’s biggest operators have axed projects or scaled back spending in response to the levy, and “Ithaca is not immune to that”.
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 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.
Ithaca boss hints at Cambo contracts on the horizon
Ithaca Energy (LON: ITH) has hinted at contracts on the horizon for the Cambo oilfield, with “line of sight” to sanctioning the project next year.
Windfall tax is ‘biggest question mark’ over Cambo and Rosebank oil fields, says Ithaca
The looming threat of changes to the UK windfall tax is the “biggest question” hanging over development of the huge Cambo and Rosebank oilfields.
Ithaca Energy hopes IPO will be North Sea investment ‘turning point’
A top boss at Ithaca Energy (LON: ITH) hopes the company's initial public offering (IPO) in London will mark a “turning point” for investment in the North Sea.
Ithaca completes $1.5bn acquisition of Cambo operator Siccar Point Energy
Ithaca Energy has completed its acquisition of Cambo operator Siccar Point Energy.
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.
Ithaca aiming for ‘support from all parties’ on Cambo push
The chairman of Ithaca Energy, soon to be the new operator of the controversial Cambo oilfield, has said the firm wants open dialogue with environmentalists and other parties on its future.