Ithaca completes $1.5bn acquisition of Cambo operator Siccar Point Energy
Ithaca Energy has completed its acquisition of Cambo operator Siccar Point Energy.
Delek Group
Cambo owner Ithaca Energy to IPO in London ‘asap’
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
Ithaca aiming for ‘support from all parties’ on Cambo push
The chairman of Ithaca Energy, soon to be the new operator of the controversial Cambo oilfield, has said the firm wants open dialogue with environmentalists and other parties on its future.
New CEO in place at Ithaca Energy after death of industry stalwart Bill Dunnett
Alan Bruce has taken on the role of chief executive at the North Sea-focused E&P, following the death of former head Bill Dunnett last year.
Ithaca boosts profits, revenue ahead of ‘capitalisation’ plans
North Sea focused E&P Ithaca Energy has returned to profitability on the back of surging commodity prices, as it now looks to capitalise the company following the acquisition of a series of assets from Marubeni.
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.
Qatar, EU oversee Israeli gas deal with Gaza
Israel will sell gas to the Gaza Strip, under a deal involving the European Union and Qatar.
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.
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.
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.
Delek refinances Leviathan debt
Delek Drilling has raised $2.25 billion through a bond issue to refinance debt taken out for its Leviathan project.
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.
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.