Profits dropped at Delek Group last year despite a strong showing from its North Sea business, Ithaca Energy.
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 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.
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 Group boss Asaf Bartfeld said yesterday the UK oil and gas newcomer aimed to continue beefing up its international presence.
Israel’s Delek Group has given notice of its compulsory share purchase of the remaining shares in Ithaca Energy it does not currently own.
North Sea firm Ithaca Energy said today that its investors had overwhelmingly backed a takeover offer from Israel's Delek Group.
Israel’s Delek Group is eyeing new acquisition targets in the North Sea.
North Sea newcomer Delek Group posted a significant increase in profits last year as it looks to complete the acquisition of Ithaca Energy.
North Sea oil producer Ithaca Energy has formally urged investors to accept a takeover offer for all the remaining stock not already owned by its largest shareholder.
Delek Drilling today confirmed that project partners have taken a final investment decision (FID) on the Leviathan field development in the Mediterranean.
Bosses at Ithaca Energy said it would be “business as usual” for the North Sea oil producer following its anticipated takeover by Israeli firm Delek Group.
A recent spate of acquisitions shows oil companies and investors still see potential in the North Sea, a lawyer said yesterday.
Israel’s Delek Group has made a “reasonable” offer for the remaining shares in Ithaca Energy, analysts agreed yesterday.
An investor in Ithaca said it “strongly urges” shareholders to reject a takeover offer from Israeli firm Delek Group.
Delek Group is set to takeover Ithaca Energy.
Israel’s Delek Group has taken a 13.18% stake in Aberdeen firm Faroe Petroleum after a £42.77million Christmas shopping splurge to boost its North Sea presence.