Petrofac secures 40 jobs with $17million contract for Ithaca Captain project
Petrofac has won work worth around $17million (£12.3m) for the Ithaca Energy Captain field, securing more than 40 jobs at the energy services firm.
Ithaca Energy
Oil sector activity reignites, sending more vessels back to work, Esvagt says
Emergency response and rescue vessel firm Esvagt said today that a “re-ignition” of oil and gas sector activity was creating a “promising” increase in demand.
‘Traumatic year’ sees North Sea operators hand back up to 1.1bn barrels of oil
North Sea operators have handed back up to 1.1 billion recoverable barrels of oil from UK fields, according to data released by the Oil and Gas Authority (OGA).
Updated: Ithaca Energy back in the black and awarding contracts for key North Sea schemes
Ithaca Energy was back in the black in the first quarter of 2021, as the North Sea oil firm shook off the ill effects last year's hefty impairments.
Hibiscus and Ithaca agree to jointly develop pair of North Sea discoveries
Malaysian oil firm Hibiscus Petroleum and Ithaca Energy, of Aberdeen, have agreed to jointly develop a pair of North Sea discoveries.
Pinsent Masons appoints prolific dealmaker to top oil and gas role
Law firm Pinsent Masons has appointed renowned dealmaker Rosalie Chadwick as its new global head of oil and gas.
Cluster of North Sea decommissioning contracts on the way
A raft of North Sea decommissioning contracts are on the way from operators including Harbour Energy, Eni, CNOOC, Taqa and more.
Ithaca picks Awilco rig for North Sea exploration well
Rig contractor Awilco said today it would drill an exploration well in the UK North Sea for Ithaca Energy.
Jersey Oil and Gas appoints former Ithaca CEO to board
Jersey Oil and Gas has announced the appointment of Les Thomas to its board as an independent non-executive director.
Ithaca gives the thumbs up for phase two of Captain enhanced recovery project
Ithaca Energy, of Aberdeen, has decided to forge ahead with a £400 million project to boost output from a UK North Sea oilfield.
Ithaca Energy sinks to £400m losses, eyes extra barrels in Marigold and Isabella
Ithaca Energy sank to losses of £400million in 2020 but the firm is eyeing extra barrels from a pair of North Sea prospects.
BP fielding final bids for package of North Sea assets
BP is fielding final bids from a handful of junior energy companies for its North Sea assets, according to people familiar with the matter.
Waldorf Production boss says firm in the running for more deals
Waldorf Production’s chief executive has said the company remains hot on the trail of more acquisitions after inking a deal to buy stakes in the Catcher and Kraken fields from Cairn Energy.
UK oil industry moves to address ‘gap’ in climate reporting
The UK oil and gas sector has announced a move to address a “gap” in investor expectations for climate-related reporting.
Ithaca reducing manning level on North Sea platform after Covid-19 outbreak
Ithaca Energy is reducing the number of crew on one of its North Sea installations after a Covid-19 outbreak.
Hibiscus and Ithaca to decide on joint North Sea development project this week
Malaysian operator Hibiscus Petroleum and Ithaca Energy expect to decide whether they can jointly develop a pair of North Sea fields by the end of this week.
Interview: NHV CEO hopes oil price bump can get helicopter market to ‘more sustainable situation’
The CEO of NHV hopes the restoration of oil prices can help the beleaguered helicopter market “to a more sustainable situation”.
UK offshore market expecting rebound ‘over the next 24 months’ – Westwood
The next 24 months will see a “rebound” in work for the UK North Sea, according to Westwood Global, with a clutch of offshore projects for contractors to keep an eye on.
Independent Oil and Gas hires former Ithaca, Marathon man as COO
Independent Oil and Gas (IOG) has hired an experienced North Sea project manager and military man as its new chief operating officer (COO).
Huge year for establishing UK oil industry’s net-zero credentials, experts say
Experts from EY, Wood Mackenzie and NorthStone Advisers say setting renewable energy targets will be high on oil and gas firms' agendas.
Hibiscus enters ‘exclusivity arrangements’ on Marigold FPSO
Hibiscus Petroleum has said it has now entered into “exclusivity arrangements” on an FPSO for its Marigold project in the North Sea.
Delek mulls debt-for-equity swap for North Sea operator Ithaca Energy
Delek is considering a debt-for-equity swap and dual listing for North Sea operator Ithaca Energy in order to cut the parent firm's £1billion debt pile.
Covid cases linked to Ithaca North Sea platform outbreak rise to 17
More cases of Covid-19 have been discovered following an outbreak on an Ithaca Energy North Sea platform.
Covid outbreak brings production shut down on Ithaca North Sea platform
Production on one of Ithaca Energy's North Sea platforms has been shut down due to a Covid-19 outbreak on board.
Ithaca Energy appoints new chief financial officer from Repsol Sinopec
North Sea oil firm Ithaca Energy said today it was adding another member of the Repsol Sinopec Resources UK (RSRUK) senior management team to its own ranks.