Delek is considering a debt-for-equity swap and dual listing for North Sea operator Ithaca Energy in order to cut the parent firm's £1billion debt pile.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
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.
Ithaca Energy has completed its latest scheduled six-monthly reserves based lending facility redetermination process.
A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.
A US oil major that sold most of its UK offshore business last year has become an Aberdeenshire-based research centre’s first industrial “anchor partner”.
US oil major Chevron plans to relocate its remaining Aberdeen employees to a prominent Granite City office block.
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
Ithaca Energy’s boss said yesterday that the enlarged company was “raring to go” after completing the £1.6 billion acquisition of US firm Chevron’s UK North Sea business.
Israeli firm Delek Group's Aberdeen-based subsidiary, Ithaca Energy, has completed the acquisition of Chevron’s UK North Sea business.
Cyprus has issued an exploitation licence to three companies to develop the Aphrodite field, with gas to be exported to Egypt for liquefaction.
Israel-headquartered firm Delek Group today confirmed it had tabled an offer for a package of central North Sea assets owned by US oil major Chevron.
Israel-headquartered oil firm Delek Group is close to striking a deal to buy Chevron's North Sea oilfields, a news report said.
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
International law firm Pinsent Masons has reported increased global turnover by 6% to £449.8 million.
Ithaca Energy said today that the start up of the North Sea Stella field boosted production by 49% last year.
Ithaca Energy said today that its board had been thinned out following the North Sea oil producer's takeover by Israeli firm Delek Group.
An Israeli energy company has announced a 15 billion dollar (£10.6 billion) deal to supply natural gas to Egypt, in the largest export agreement to date for Israel's nascent natural gas industry.
Israel's Delek Group said today that a strong showing from Aberdeen's Ithaca Energy had bolstered its third quarter results.
Ithaca Energy narrowed its losses during a first half in which the North Sea operator changed hands.
North Sea operator Ithaca Energy narrowed its losses during a first half in which the company changed hands and achieved first oil from the Stella field.
Israeli firm Delek has sold its interests in the Tamar and Dalit leases in the Mediterranean for $980million.
Ithaca this morning reported a reduction in its operating costs for the first quarter of the year.
Israel's Delek Group said today that it had taken control of 94.2% of North Sea firm Ithaca Energy.
Delek Group is set to takeover Ithaca Energy.