Updated: Petrofac ‘well positioned’ for 2019 amid first-half profit
Energy services firm Petrofac said it was “well positioned” for the remainder of 2019, but warned of a drop in revenues ahead.
Greater Stella Area
‘This year will be better than last year’, Petrofac chief says after posting bumper profits
A Petrofac boss claimed “this year will be better than last year” for the company after it posted bumper profits yesterday.
Petrofac sells stake in Greater Stella Area to Ithaca for up to £228 million
Petrofac has agreed to sell off its stake in the Greater Stella Area (GSA) project in the North Sea to Ithaca for up to £228million.
Two significant North Sea milestones in one day
Two major new milestones for the beleaguered UK North Sea oil and gas industry have highlighted resilience in the face of a downturn.
Ithaca boss pledges security for staff in Delek takeover
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.
Ithaca shareholder speaks out against Delek deal, report says
An investor in Ithaca said it “strongly urges” shareholders to reject a takeover offer from Israeli firm Delek Group.
Ithaca frustrated by delay to Stella start-up
The boss at Ithaca Energy said today he was frustrated by a delay to first oil from the flagship Greater Stella Area in the North Sea.
North Sea Stella start-up will slash costs to $20 a barrel at Ithaca
Ithaca Energy (LON:IAE) said today that its operating costs would drop to $20 a barrel following first oil from its North Sea Stella field.
Ithaca boosts its share in Greater Stella Area North Sea finds
Ithaca Energy has extended its position in the Greater Stella Area (GSA) with four agreements entered into for the acquisition of additional interests in two discoveries.