Repsol Sinopec appoints former Ithaca Energy chief as director
North Sea oil firm Repsol Sinopec Resources UK (RSRUK) has appointed former Ithaca Energy chief executive Les Thomas as a director.
Ithaca Energy
Investigation launched into elevator incident on North Sea platform
An investigation has been launched after water entered a North Sea platform’s elevator shaft while crew members were conducting an inspection.
Ithaca holds out hope of sanctioning next stage of Captain EOR project in 2020
Ithaca Energy hasn’t abandoned hope of sanctioning phase two of its enhanced oil recovery (EOR) programme on the Captain field before year end.
Protest-plagued North Sea project achieves first oil
A £200 million North Sea project that environmental activists repeatedly tried to thwart has delivered first oil.
Ithaca Energy outlines intent to develop central North Sea field
Ithaca Energy, of Aberdeen, has taken a step toward developing a field in the central North Sea.
Greenpeace fails legal move against decision on BP North Sea oil field
Greenpeace has failed in its legal move against government approval of a BP oil field in the North Sea.
Petrofac wins ‘multi-million dollar’ North Sea contract with Ithaca Energy
Petrofac has announced the award of a “multi-million dollar” North Sea contract from Ithaca Energy.
Delek considers merger for Ithaca Energy
Israeli firm Delek Group said today it was considering merging its UK North Sea oil business, Ithaca Energy, with an unspecified international energy company.
EVOL: Exxon stiffed, Equinor downsizing and who Dunnett at Ithaca?
Ed triumphantly returned from his semiaquatic sojourn in Somerset to join Mark and Allister for another ear-captivating edition of Energy Voice Out Loud, in association with the EIC.
Updated: Ithaca looks to restart Covid-hit projects, makes staff payouts as 70 leave
Ithaca Energy plunged deep into the red in the first-half of 2020 as the sharp drop in oil prices and staff payouts weighed on the firm’s balance sheet.
Updated: Ithaca Energy appoints former Repsol Sinopec boss as new CEO
North Sea oil firm Ithaca Energy has appointed industry veteran Bill Dunnett as its new chief executive.
Ithaca Energy in ‘offshore first’ as platform goes 100% green
Ithaca Energy has celebrated an “offshore first” as one of its North Sea platforms has become 100% powered by renewable energy.
Petrofac shares details of potential upcoming contracts
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
HSE making inquiries after faulty generator causes damage on North Sea platform
The UK’s health and safety watchdog is making “initial inquiries” after a generator overheated on the FPF-1 platform in the central North Sea.
Ithaca Energy to shed 25% of onshore employees as it sinks to £944million loss
Ithaca Energy plans to shed a quarter of its onshore workforce after sinking to a £944m pre-tax loss amid the "historic collapse" of oil and gas prices.
NHV Group lands five-year helicopter contract extension with Ithaca
Helicopter group NHV has landed a five-year North Sea contract extension with Ithaca Energy.
Ithaca to pay $20m dividend to Delek as RBL redetermination completed
Ithaca Energy has completed its latest scheduled six-monthly reserves based lending facility redetermination process.
Ithaca’s Delek under pressure to refinance loans
Delek Group’s reliance on restructuring its debt and selling its assets in order to cover its liabilities has led it to note some concerns that it would able to continue as a going concern in its annual report.
Ithaca Energy plans redundancies by end of 2020, CEO confirms
North Sea operator Ithaca Energy intends to make redundancies from its onshore workforce by the end of 2020, its chief executive has confirmed.
Ithaca still eyeing Captain EOR project in 2020 but new infrastructure firm ‘on ice’
Ithaca Energy is still planning to move ahead with a project to boost production from one of its flagship North Sea fields this year, despite deferrals and slashed spending.
Impairments lead Ithaca Energy into the red while virus delays future projects
Impairments led North Sea operator Ithaca Energy to a £111.4m pre-tax loss in 2019, while the Covid-19 outbreak threatens delays to future projects.
Archer finances ‘robust’ after completing debt refinancing
Drilling contractor Archer has said a newly-completed debt refinancing will help it withstand a “meaningful drop in activity”.
$20 oil wouldn’t kill off UK production, but it isn’t a pretty picture, Rystad says
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world. Even if prices reach this threshold, the UK will avoid shut-ins and exploration is likely to continue in 2020, although cash flow and project sanctioning will suffer, a Rystad Energy impact analysis shows.
Archer crew made redundant as Apache scales back drilling operations
Drilling contractor Archer is understood to have laid off another 60 offshore workers following a client’s decision to cut activity levels.
Ithaca delays wells and says BP’s Vorlich project ‘hindered’ by Covid-19
North Sea oil firm Ithaca Energy will cut its 2020 capital expenditure in half to £97 million in response to the crude price drop and Covid-19 outbreak.