Ithaca’s output jumps by 34%
Ithaca Energy increased output by 34% during 2012, the North Sea-focused oil and gas company said yesterday.
probable reserves
Ithaca agrees to buy rival in £203m deal
Oil and gas firm Ithaca Energy said yesterday it had agreed to buy smaller rival Valiant Petroleum for £203million.
Trinity looks to up Trinidad game
Oil and gas explorer Trinity Exploration & Production is hoping to raise £56million after its merger with fellow exploration firm Bayfield Energy Holdings.
Europa outlines new Irish basin
UK-based Europa Oil and Gas said today it saw a new hydrocarbon province opening up south-west of Ireland.
Berenx could be company maker for Europa
Onshore oil and gas explorer Europa Oil & Gas has said its Berenx onshore France discovery could be a “company maker”.
Centrica completes £936m deal
Scottish Gas owner Centrica said yesterday it had completed its £936million deal with Statoil Petroleum to acquire a package of producing and development oil and gas assets in the Norwegian sector of the North Sea.
Costs on Breagh overrun
Oil and gas explorer Sterling Resources has said costs have overrun by 17% on the southern North Sea Breagh gas development.
EnQuest picks up a Kraken
Independent oil and gas firm EnQuest is to take over control of the North Sea Kraken discovery after agreeing to up its stake to 45%.
Nexen’s Golden Eagle given permission to take off
Oil firm Nexen Petroleum UK has been given the green light for its £2billion development of the Golden Eagle field in the North Sea.
Total beats Pazflor schedule
TOTAL has started production from the Pazflor field offshore Angola, ahead of the initial start-up schedule. Pazflor, 150km off Luanda in water depths ranging from 600-1,200m, has estimated proven and probable reserves of 590million barrels of oil.
Ithaca on the lookout for new assets as profits jump
North Sea oil and gas firm Ithaca Energy raised reserve estimates yesterday as it revealed a jump in profits and said it was still scouting for new assets on the UK continental shelf.
EnQuest snaps up Crawford partner in £28.7m deal
EnQuest the new UK North Sea oil and gas operator formed in a demerger of assets by British energy service group Petrofac and Sweden's Lundin Petroleum, unveiled its first acquisition yesterday.
Ithaca raises extra £100m to develop fields
Canadian oil and gas company Ithaca Energy said yesterday it had raised another £100million to help accelerate development of the Greater Stella Area in the UK central North Sea.
Valiant hails move into profit from first oil sales
Valiant Petroleum said yesterday that 2009 had been a transformational year for it as it swung into profit following the start of production from fields north-east of Shetland.
Petrofac to spin off North Sea assets
Petrofac has announced plans for the widely expected demerger of its North Sea oil and gas assets to a new company which could be valued at about £1billion.
Dana increases acreage after Norwegian licensing round
Dana Petroleum announced an expansion of its Norwegian interests yesterday.
Millholland is back in the North Sea
Arthur Millholland, the Canadian who created Oilexco - which crashed into administration last winter with liabilities of some $1.8billion (£1.1billion) - is back in the North Sea.
Production ‘milestone’ for North Sea-focused Ithaca
North Sea-focused oil and gas company Ithaca Energy said yesterday it had begun production at the Jacky field and restarted its Beatrice Bravo platform, with initial output from both in line with estimates.
Bridge marks first North Sea success
BRIDGE Resources, the Denver-based oil and gas operator which focuses wholly on the UK North Sea, held a reception in the Marcliffe Hotel, Aberdeen, last night to mark its success in bringing the southern North Sea gas field Durango into production at the end of November.