Zohr production drops in Q1
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.
Delek Group
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.
UK North Sea oil discovery shows ‘significant promise’
A UK North Sea oil and gas discovery is showing “significant promise”, a project partner said today.
Delek awarded injunction against lender seeking £46m repayment
The owner of UK North Sea oil firm Ithaca Energy has been granted a temporary injunction against a lender who demanded the immediate repayment of a £46 million loan.
Updated: Ithaca to set up new infrastructure firm with ‘global investment company’
Ithaca Energy intends to create a “new infrastructure company” with an unspecified global investment company, the North Sea oil firm’s owner said yesterday.
Ithaca looks to sanction second phase of Captain EOR project
Ithaca Energy has confirmed plans to sanction phase two of an enhanced oil recovery (EOR) project on the Captain field in the North Sea.
Delek-Noble gas project halted due to ‘danger to public’ concerns
An Israeli court issued a temporary injunction against the Leviathan project, a giant natural gas field led by Delek Drilling LP and Noble Energy out of concerns that it may endanger the health of the public.
Delek CEO to retire at year end
An Israeli oil and gas firm which owns North Sea producer Ithaca Energy has announced that its chief executive will retire at the end of the year.
Delek seeking funds from commodity traders to complete Chevron North Sea acquisition
A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion acquisition of some of Chevron Corp.’s North Sea oil and gas assets after initial funding arrangements hit stumbling blocks, according to people familiar with the matter.
Total to drill Isabella exploration well this month
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
Delek and Noble plan ‘landmark’ gas deal with Egypt to boost supply
The companies developing Israel’s largest natural gas fields agreed to increase supply to their Egyptian customer as part of a landmark contract to help meet growing demand in the most populous Arab country.
Private equity fuels oil and gas deals in second quarter
Oil and gas transactions have remained steady throughout Q2 2019 with significant activity among operators as the focus continues to be on the divestment of non-core assets.
Size of Spirit Energy may limit potential buyers, says analyst
The size of Spirit Energy's operation will limit any potential buyers to well-funded firms, according to an analyst.
Ithaca launches £550m note offering as part of Chevron purchase
Aberdeen-headquartered Ithaca Energy has announced it is set to launched a debt finance offering of £558 million in senior notes in an effort to realise its acquisition of Chevron's North Sea business.
Equinor snatches Caesar-Tonga deal from Delek
Norwegian energy giant Equinor has confirmed it swept in at the eleventh hour to snatch a huge Gulf of Mexico deal from Israel-headquartered firm Delek Group.
US Gulf set for ‘big year’ of M&A deals
The US Gulf of Mexico is in the midst of a “big year” of mergers and acquisitions, a top analyst has said.
Delek and Ineos said to be front-runners for Chevron’s North Sea fields
Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are emerging as the front-runners for a package of North Sea oil and gas fields put on sale by Chevron Corp., according to people familiar with the matter.
Shell to sell stake in Gulf of Mexico asset for £738million
Shell has announced it will sell its interest in an offshore field in the US Gulf of Mexico for £738million.
Delek profits drop, but Ithaca on the up
Profits dropped at Delek Group last year despite a strong showing from its North Sea business, Ithaca Energy.
Ithaca closing in on £230m loan
North Sea oil firm Ithaca Energy said today that it had received a commitment letter for a five year, $300 million (£230m) loan facility.
Ithaca boosts production, on course for Harrier start-up
Ithaca Energy said today that output from the North Sea Stella field helped it increase overall production by 95% to 18,165 barrels of oil per day in the first quarter of 2018.
Ithaca production adds £4m to Delek’s net income in 2017
Israeli firm Delek Group said today that its takeover of North Sea oil producer Ithaca Energy gave it a shot in the arm last year.
Delek boss says firm will become global player
Delek Group boss Asaf Bartfeld said yesterday the UK oil and gas newcomer aimed to continue beefing up its international presence.
Delek moves for all of Ithaca’s shares
Israel’s Delek Group has given notice of its compulsory share purchase of the remaining shares in Ithaca Energy it does not currently own.
Ithaca shareholders accept Delek takeover offer
North Sea firm Ithaca Energy said today that its investors had overwhelmingly backed a takeover offer from Israel's Delek Group.