Ithaca hands $200m to shareholders following ‘combination’ with Eni
The North Sea firm also confirmed controversy-hit Rosebank field was on track for first oil in 2026/27
Ithaca Energy
Ithaca Energy receives credit rating boost following Eni tie-up
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 adds new director after Eni combination
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 and Eni complete business combination
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.
Legal challenge to Rosebank and Jackdaw headed for November hearing
A Scottish court has granted approval for legal challenges to the Rosebank and Jackdaw oil and gas fields to proceed to a hearing.
Ithaca reports “robust” half year but warns of “long-term damage”
Ithaca Energy (LON: ITH) has hailed "robust" cash flow but has warned about the "ongoing impact" of the UK government's oil and gas fiscal policies and the "long-term damage" they will cause.
Labour tax plans make low-carbon Rosebank ‘challenging’ – Equinor boss
Will ambitious plans to reduce emissions on the UK's largest untapped oil field be affected by new UK tax regime?
Labour “fails” oil and gas industry as policies risk downgrades for Ithaca and EnQuest
Ithaca Energy and EnQuest are among the North Sea oil and gas producers most at risk from Labour’s policy changes, ratings agency Moody’s has said.
Production restarts at Pierce field after six-month outage
Ithaca Energy (LON: ITH) has said that production has resumed at the Pierce field after a six-month production halt.
Ithaca appoints new CEO amid board and management shake-up
Ithaca Energy (LON: ITH) has proposed appointing Luciano Vasques as its new chief executive officer.
HSE warns ballast management flaws on Ithaca’s FPF1 put workers at serious risk
The Health and Safety Executive (HSE) has warned Ithaca Energy (LON: ITH) that flaws with how it manages the ballast systems on its FPF1 installation put workers “at the risk of serious personal injury or death”.
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.
‘UK powerhouse’: Ithaca Energy confirms North Sea combination with Italian oil giant Eni
The combined UK group will produce over 100,000 barrels per day with a market cap of around £2bn.
Valaris rig heads for North Sea contracts with Ithaca Energy and Shell
Valaris (NYSE: VAL) has mobilised its 123 jack-up rig for work with Ithaca Energy, Shell and TAQA in the North Sea which could keep it busy for the next two years.
Ithaca to become UK reserves powerhouse with Eni deal – analysis
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.
Interview: Ithaca Energy boss breaks down Eni deal
Chairman answers questions on windfall tax, sticking with the UK, and Ithaca’s Aberdeen operation post-Eni deal.
Cambo: Entry of Italy’s Eni could unlock Ithaca Energy oilfield
The planned entry of Italian oil major Eni “de-risks” the Cambo oilfield in the West of Shetland, owner Ithaca Energy has said.
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.
Ithaca Energy enters deal for potential merger with Eni UK
Ithaca Energy (LON:ITH) has announced a deal for a potential merger with Italian oil and gas firm Eni covering the majority of its UK upstream assets.
Viaro Energy acquires 100% interest in West of Shetland licence
Viaro Energy previously held a 50% stake in the P2539 licence after it acquired Spark Exploration last year.
‘Buyer’s market’: Several North Sea ‘deals to watch’ as general election looms
There are several “deals to watch” in the UK North Sea in 2024 as a general election looms and companies reshuffle their positions.
Ithaca expects Cambo approval to follow Rosebank path
"Ultimately political and regulatory processes will work through to get the right answer."
Yousaf under fire for ‘two-faced’ Rosebank comments
First Minister Humza Yousaf has come under fire in the Scottish Parliament for "two-faced" comments about the Rosebank oilfield.
Ithaca Energy wrote to Humza Yousaf over ‘extremely disappointing’ Rosebank comments
Ithaca Energy criticised the First Minister after remarks late last year.
Analysis suggests Rosebank could be worth net $4bn to owners
New analysis suggests Equinor’s Rosebank project could be worth around $4bn to its shareholders, after tax.