Expect lenders to help indebted oil firms survive until ‘less rainy day’
A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.
Ithaca Energy
HSE warns Ithaca after exposing workers to risk of ‘fire and explosion’ on North Sea vessel
Ithaca Energy has been warned by the UK's safety watchdog after exposing workers to “risk of serious personal injury or death from fire and explosion” on a North Sea vessel.
Nearly 50 jobs at risk as North Sea operator takes steps to prevent virus outbreak
Nearly 50 offshore jobs at drilling contractor Archer are at risk due to client Ithaca Energy’s plans to reduce activity levels and crews on two central North Sea platforms.
UK North Sea oil discovery shows ‘significant promise’
A UK North Sea oil and gas discovery is showing “significant promise”, a project partner said today.
Delek awarded injunction against lender seeking £46m repayment
The owner of UK North Sea oil firm Ithaca Energy has been granted a temporary injunction against a lender who demanded the immediate repayment of a £46 million loan.
Crane collapses on second Valaris-operated North Sea rig within a month
The Health and Safety Executive (HSE) has launched an inquiry after a crane collapsed on a second Valaris oil rig within a month of each other.
‘Positive momentum’ for oil and gas deals in 2020 – AAB
It was an interesting year for deal-making in 2019, despite political and economic challenges.
Updated: Ithaca to set up new infrastructure firm with ‘global investment company’
Ithaca Energy intends to create a “new infrastructure company” with an unspecified global investment company, the North Sea oil firm’s owner said yesterday.
Ithaca looks to sanction second phase of Captain EOR project
Ithaca Energy has confirmed plans to sanction phase two of an enhanced oil recovery (EOR) project on the Captain field in the North Sea.
Opito selects former petrol pump designer as Apprentice of the Year 2019
A former petrol pump designer has scooped Opito’s Apprentice of the Year Award at the age of 33.
Marischal Square defies critics at 75% occupancy
The multiaward-winning Marischal Square developmentin Aberdeen is 75% let just over two years after construction work ended for the £107 million project.
Chevron North Sea remnant moving into new Aberdeen office
US oil major Chevron plans to relocate its remaining Aberdeen employees to a prominent Granite City office block.
Ithaca submits decommissioning plan for North Sea gas field
Ithaca Energy has submitted decommissioning plans for its Anglia field in the Southern North Sea.
Ithaca expects to reap rewards of ‘quick payback’ projects
Aberdeen’s Ithaca Energy said today that “quick payback” projects had boosted production at the company, which recently bought most of Chevron’s North Sea portfolio.
Petrofac announces £93m new deals in North Sea and Malaysia, buys Texas energy services firm
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
Boss Thomas says Ithaca ‘raring to go’ after Chevron acquisition
Ithaca Energy’s boss said yesterday that the enlarged company was “raring to go” after completing the £1.6 billion acquisition of US firm Chevron’s UK North Sea business.
Shell and Ithaca to invest in Pierce field gas project
Oil giant Shell and partner Ithaca Energy have announced they will invest in the Pierce depressurisation project in the UK central North Sea.
Ithaca revises down debt fundraiser for Chevron North Sea acquisition
Ithaca Energy has revised down the level of debt it will take on to help pay for its £1.6bn acquisition of Chevron’s North Sea business.
Updated: Delek’s Ithaca snaps up Chevron North Sea assets for £1.6bn
Aberdeen-headquartered Ithaca Energy said yesterday that it would snap up US oil giant Chevron’s central North Sea business in a £1.6 billion deal.
Delek profits drop, but Ithaca on the up
Profits dropped at Delek Group last year despite a strong showing from its North Sea business, Ithaca Energy.
Petrofac bags £7.8m deal to prepare vessel for BP tieback
Energy service giant Petrofac has won a £7.9 million contract to prepare a North Sea installation for a subsea tieback project.
Ithaca Energy gets approval for Jacky decommissioning plan
The UK Government has approved Ithaca Energy's decommissioning plan for the Jacky field in the Moray Firth.
Ithaca and Odfjell agree North Sea well deal
Odfjell Drilling and Ithaca Energy have today agreed a deal for a North Sea well drilled by the Deepsea Bergen, plus optional additional wells.
Ithaca announces start-up at North Sea Harrier field
Aberdeen-based Ithaca Energy has announced production has started on its Harrier oil and gas field in the North Sea.
Ithaca closing in on £230m loan
North Sea oil firm Ithaca Energy said today that it had received a commitment letter for a five year, $300 million (£230m) loan facility.