North Sea windfall tax could hit Ithaca’s Cambo FID timeline, according to reports
The UK's fiscal landscape means a final investment decision (FID) on the controversial West of Shetland Cambo project could be kicked down the road.
Ithaca Energy
Deal: Viaro acquires West of Shetland player Spark Exploration
Viaro Energy has continued its North Sea acquisition run with the takeover of Spark Exploration, giving it a hopper of West of Shetland targets.
Hot on Shell discovery, Deltic seeks partners on next North Sea target
Hot on the heels of the largest discovery in a decade for the Southern sector, Deltic Energy (LON: DELT) is seeking partners of its next North Sea prospect.
Hibiscus eyes progress on Teal West, Marigold in coming weeks
Hibiscus Petroleum reported a profitable quarter at both group and UK level and expects to make progress on its plans for Teal West and the Marigold Area by the end of March.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
Ithaca books Stena Spey for summer 2023
Ithaca Energy (LON:ITH) has signed a new contract with Stena Drilling for a campaign beginning later this year.
Westwood: Harbour Energy one of just two IOCs to finish 2022 with lower share price
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
‘We need visibility’: Baker Hughes boss in North Sea call to policymakers
Cambo is positive, Rosebank is positive, says Romain Chambault of Baker Hughes, but Harbour Energy’s windfall tax announcement shows the price of poor policy.
Dozen upcoming North Sea projects to deliver ‘golden opportunity’
A dozen key projects in the North Sea will deliver a “golden opportunity” for the UK supply chain in the coming years, according to new research.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Jefferies: High oil price could double value of Harbour, Ithaca and EnQuest
The value of several North Sea operators could soar this year, according to ambitious predictions made by US investment bank Jefferies.
Ithaca confirms hydrocarbons at hotly tipped Isabella appraisal well
Ithaca Energy has announced the presence of hydrocarbons at its much-anticipated Isabella well, though operator TotalEnergies has yet to confirm commercial implications.
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Prism Energy bags deal for host of Ithaca projects, including Cambo
Prism Energy, of Aberdeen, has announced a one-year contract with Ithaca Energy for the use of the former’s digital project management system.
VIDEO: Protector rig heads out on first North Sea contract for Well-Safe
The Well-Safe Protector has left the Cromarty Firth on its first contract since being bought from Seadrill in 2020.
Oil firms seek windfall tax price floor in meeting with Jeremy Hunt
Chancellor Jeremy Hunt is due to hold a meeting on Friday on the windfall tax, Energy Voice understands, with oil and gas executives seeking a price floor to the levy.
BP, Equinor and Ithaca Energy team up on West of Shetland electrification
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) are teaming up to slash emissions at huge oilfields in the West of Shetland through electrification.
Abigail: Ithaca marks first oil from tiny field despite big protests
Ithaca Energy (LON: ITH) has celebrated first oil from Abigail, a tiny North Sea oil and gas field which made national headlines this year.
‘We want boredom in 2023’ says oil and gas industry
"Looking ahead to 2023, it's pretty clear that what we are looking for is boredom”, says Addleshaw Goddard partner and co-head of oil and gas, Paul Jones, after the turbulence of the past 12 months.
Ithaca capex could top £1bn in near future, driven by Cambo, Rosebank, Marigold and Fotla
Ithaca Energy is preparing to pull the trigger on hundreds-of-millions of pounds worth of spend, should a handful of North Sea projects get the go ahead.
Ithaca and CNR prepping subsea decom contracts for New Year
A pair of North Sea firms are preparing belated Christmas presents for the supply chain, in the form of decommissioning contracts.
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.
The Magnificent Seven: North Sea project paperwork still awaiting govt sign off
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
Windfall Tax: Ithaca to benefit, EnQuest and Neptune to feel the pinch
Ithaca Energy (LON: ITH) will benefit from recent changes to the windfall tax, but rivals Neptune Energy and EnQuest (LON: ENQ) will be harder hit, according to new research.