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.
Ithaca Energy
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.
North Sea independents see shares drop on windfall tax announcement
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
Ithaca boss hints at Cambo contracts on the horizon
Ithaca Energy (LON: ITH) has hinted at contracts on the horizon for the Cambo oilfield, with “line of sight” to sanctioning the project next year.
Windfall tax is ‘biggest question mark’ over Cambo and Rosebank oil fields, says Ithaca
The looming threat of changes to the UK windfall tax is the “biggest question” hanging over development of the huge Cambo and Rosebank oilfields.
Ithaca Energy hopes IPO will be North Sea investment ‘turning point’
A top boss at Ithaca Energy (LON: ITH) hopes the company's initial public offering (IPO) in London will mark a “turning point” for investment in the North Sea.
Mermaid Subsea Services building on major P&A campaign as it goes after North Sea’s suspended wells
A reluctance to take a bet on the unknown; it’s a frequent gripe levelled at North Sea operators when it comes to decommissioning.
Ithaca going public: Who else in the North Sea has launched stocks?
As Ithaca Energy looks to make an Initial Public Offering (IPO) in London, we take a look at some of the other North Sea operators that have launched stocks recently.
Decom will naturally drive North Sea towards emissions reduction targets
Removing and recycling old oil and gas assets will go a long way towards helping the North Sea hit its emissions reduction targets.
North Sea firms warn chancellor over ‘disastrous’ windfall tax threat
North Sea oil firms have sent a letter to chancellor Jeremy Hunt, calling the UK one of the most “fiscally unstable” places to do business in the world as another windfall tax threat looms.
Ithaca IPO set for lower end of valuation: reports
Ithaca Energy is likely to price at the lower end of its guidance when its planned flotation is concluded later this week, according to reports.
Ithaca Energy eyes valuation of up to £3.1 billion
Ithaca Energy, one of the North Sea's largest producers, could command a market valuation of up to £3.1 billion when it trades publicly next week.
Campaigners plan ‘digital day of action’ against Equinor’s Rosebank
Campaign groups have vowed a virtual “day of action” in protest against the development of the Rosebank oil field.
North Sea operator and Cambo owner Ithaca Energy nearing listing in London
Ithaca Energy is putting the final touches on proposals for an initial public offering (IPO) on the London Stock Exchange.
Government to fast track five North Sea oil and gas fields, including Cambo and Murlach
A handful of North Sea oil and gas schemes have been included in a list of infrastructure projects the UK Government is aiming to fast track.
‘We would love to see Rosebank electrify the region’ says Equinor boss
Equinor is hoping its £8 billion Rosebank project can “trigger” wider electrification across the West of Shetland region.
Isabella: Appraisal drilling kicks off to confirm major North Sea discovery
TotalEnergies (PARIS: TTE) has kicked off hotly-anticipated appraisal drilling at the Isabella discovery in the UK North Sea.
Siccar Point acquisition helps boost bumper results for Ithaca
Ithaca Energy reported bumper profits in the second quarter, as parent Delek Group looks to IPO the North Sea firm later this year.
Ithaca Energy IPO slated for second half of 2022, Isabella appraisal drilling imminent
A rough timeframe has been given for North Sea operator Ithaca Energy’s planned IPO in London.
Ithaca plans seven new wells in next phase of Captain EOR project
Ithaca Energy has filed key regulatory paperwork for the next phase of its £400 million enhanced oil recovery (EOR) programme at the North Sea’s Captain field.
Well-Safe unveils Spirit Energy as first contract for Defender rig
Well-Safe Solutions has named Spirit Energy as the operator for its inaugural contract for its new Defender rig in the North Sea.
‘Buyer beware’: Greenpeace vows Cambo legal action despite Shell exit
Greenpeace said its position on the controversial Cambo field “hasn’t changed” and that it still intends to pursue legal action if development goes ahead, as partner Shell looks to offload its stakes in the project.
Report: Shell launches process to offload stake in Cambo field
Oil giant Shell (LON:SHEL) has begun a hunt to find a buyer for its stake in the controversial Cambo field in the UK North Sea, according to reports.
Ithaca completes $1.5bn acquisition of Cambo operator Siccar Point Energy
Ithaca Energy has completed its acquisition of Cambo operator Siccar Point Energy.