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.
Greater Stella Area
Ithaca boosts profits, revenue ahead of ‘capitalisation’ plans
North Sea focused E&P Ithaca Energy has returned to profitability on the back of surging commodity prices, as it now looks to capitalise the company following the acquisition of a series of assets from Marubeni.
Ithaca gets green light to develop central North Sea field
Ithaca Energy has received a green light from the UK Government to proceed with its Abigail project in the North Sea.
Investigation launched into elevator incident on North Sea platform
An investigation has been launched after water entered a North Sea platform’s elevator shaft while crew members were conducting an inspection.
Ithaca Energy outlines intent to develop central North Sea field
Ithaca Energy, of Aberdeen, has taken a step toward developing a field in the central North Sea.
Updated: Petrofac ‘well positioned’ for 2019 amid first-half profit
Energy services firm Petrofac said it was “well positioned” for the remainder of 2019, but warned of a drop in revenues ahead.
‘This year will be better than last year’, Petrofac chief says after posting bumper profits
A Petrofac boss claimed “this year will be better than last year” for the company after it posted bumper profits yesterday.
Petrofac sells stake in Greater Stella Area to Ithaca for up to £228 million
Petrofac has agreed to sell off its stake in the Greater Stella Area (GSA) project in the North Sea to Ithaca for up to £228million.
Two significant North Sea milestones in one day
Two major new milestones for the beleaguered UK North Sea oil and gas industry have highlighted resilience in the face of a downturn.
Ithaca boss pledges security for staff in Delek takeover
Bosses at Ithaca Energy said it would be “business as usual” for the North Sea oil producer following its anticipated takeover by Israeli firm Delek Group.
Ithaca shareholder speaks out against Delek deal, report says
An investor in Ithaca said it “strongly urges” shareholders to reject a takeover offer from Israeli firm Delek Group.
Ithaca frustrated by delay to Stella start-up
The boss at Ithaca Energy said today he was frustrated by a delay to first oil from the flagship Greater Stella Area in the North Sea.
North Sea Stella start-up will slash costs to $20 a barrel at Ithaca
Ithaca Energy (LON:IAE) said today that its operating costs would drop to $20 a barrel following first oil from its North Sea Stella field.
Ithaca boosts its share in Greater Stella Area North Sea finds
Ithaca Energy has extended its position in the Greater Stella Area (GSA) with four agreements entered into for the acquisition of additional interests in two discoveries.