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.
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.
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.
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 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.
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.
Ithaca Energy has received a warning from the safety watchdog after being caught with several years-late integrity checks on its Alba oil storage vessel and a crack in a cargo tank.