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.
Ithaca Energy
Ithaca gets ready for Stella start-up, cost of barrels to drop below $20
Ithaca Energy said it expects first hydrocarbons from the Greater Stella Area later this month.
Energy editor honoured at Oil and Gas UK awards
The Press and Journal’s long standing energy editor was handed a special award at a glittering ceremony hosted by the oil and gas industry’s leading trade body.
In Pictures: Viking Seatech’s delivery of Ithaca Energy’s FPF-1 to North Sea
Viking Seatech has completed its first major marine consultancy project in the North Sea after delivering Ithaca Energy's FPF-1 floating production facility (FPF) from Poland.
Junior market aims for reluctant Scottish firms
Scotland is lagging behind the rest of the UK in the number of companies represented on the Alternative Investment Market (AIM) it was claimed at an event yesterday.
Ithaca Energy on the acquisition trail
Ithaca Energy confirmed it was in talks to boost its North Sea portfolio.
Ithaca FPF-1 begins sail away to Greater Stella Area
Ithaca Energy said its floating production facility, the FPF-1 has begun its sail away to the 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.
Ithaca’s FPF two weeks away from heading to North Sea’s Greater Stella
Ithaca Energy today confirmed its floating production facility (FPF-1) was only two weeks away from heading to its location on the North Sea’s Greater Stella Area Development.
Ithaca slims down board
The chairman of Ithaca Energy is set to step down ahead of the firm achieving first oil from its flagship North Sea field.
Ithaca set to more than double production with Stella on tap
North Sea firm Ithaca Energy said it remains on schedule to deliver first oil from its flagship Stella field in the North Sea later this year more than doubling production to 20-25,000 barrels of oil equivalent per day.
Ithaca reports 2015 loss of $121million
Ithaca Energy has reported a loss after tax of $121 million as result of a $203 million post-tax impairment charge arising from lower forecast future oil and gas prices.
Ithaca chips away at debt, posts strong results
Ithaca Energy has chipped away at its record high debt while posting strong third quarter results.
Delek Group invest $66million in Ithaca Energy
The investment arm of Israeli gas firm Delek Group has acquired an almost 20% stake in Ithaca Energy for $66million. The deal underlines investors still see value in North Sea related businesses, despite a slump in oil prices and high operating costs in the region.
Ithaca predicts first oil from Greater Stella in 2016
Ithaca Energy said it expects to begin production from its North Sea Greater Stella field early next year.
Ithaca sells Norwegian exploration business
Ithaca Energy has sold its Norwegian exploration business for $60million. MOL Plc bought Ithaca Petroleum Norge for an initial $60million price tag. However, depending on how successful the discoveries drilled on Ithaca Norge's existing licence portfolio between 2015 and 2017 are, MOL could pay future “bonus payments” of up to $30million to Ithaca.
Petrofac FPSO delay hits Ithaca’s plan for Stella
Independent oil and gas explorer Ithaca Energy saw its share price plummet 11% on Friday after its development partner said delay in delivering a production vessel would hit its key North Sea field.