Ithaca completes acquisition of Shell’s Cambo stake
Ithaca Energy has completed its acquisition of Shell’s remaining 30% stake in the Cambo field, as it now looks to bring in a new venture partner ahead of investment sanction.
Ithaca Energy
Ithaca could go it alone on Cambo – but plans not to
Ithaca Energy’s chairman says the company could sanction the West of Shetland project on its own but would prefer to bring in partners ahead of any major decisions.
Ithaca welcomes ‘strategic progress’ on Cambo, Rosebank in Q3
Ithaca Energy reported net income of $238.5 million (£190m) for the nine months ending 30 September, as farm-out discussions continue on key North Sea projects.
Aberdeen’s Imrandd secures £2m in contracts, boosts headcount
Aberdeen-based industrial data and engineering consultancy Imrandd has reported its most significant six-month growth period, securing £2 million in contracts and an increase in headcount.
Ithaca completes Fotla acquisition, eyeing 2026 start-up
Ithaca has confirmed the completion of its deal to acquire the remaining 40% stake in the Fotla discovery from Spirit Energy.
Storm Babet: North Sea oil rig east of Aberdeen loses anchors amid turbulent waves
The drilling platform Stena Spey lost half its anchors as the storm continued to rage across the country.
Sidetrack issues push K2 appraisal drilling to end of year
Appraisal drilling at Ithaca Energy’s K2 discovery will now take double the length of time expected, amid ongoing issues with sidetrack drilling.
Ithaca given green light for Captain EOR Phase 2
Government and regulators have signed off Ithaca Energy’s plans for a further phase of enhanced oil recovery (EOR) at the North Sea’s Captain field.
Unite union and Petrofac end pay dispute over ‘clawback’ policy
The union representing around 85 offshore workers employed by Petrofac (LON: PFC) has announced an end to a pay dispute centred on 'clawback' entitlements.
Deals, exits and administration open up North Sea M&A opportunities
Opportunities for M&A in the North Sea have opened up through a series of deals, an asset exit and a firm entering administration.
Well Slot: Who’s drilling in the UK North Sea and Norway?
August update: K2, Leverett and Earn underway, and Norway takes off.
Ithaca hits pause on West of Shetland electrification involvement
Ithaca Energy (LON: ITH) has paused its efforts to electrify assets in the West of Shetland, Energy Voice understands.
Video: Is Rosebank an industry dream come true or a climate nightmare?
The North Sea Transition Authority signed off on the ever-controversial Rosebank oil field this week and lit a tinderbox of political and environmental debate.
Rosebank approval was ‘litmus test’ for UK offshore sector
With Teal West and Victory expected to follow, Rosebank could be part of a 'bumper year' for UK FIDs in 2023.
Rosebank is ‘ray of light’ for Ithaca Energy
Approval of the Rosebank oilfield is a “ray of light” for projecy partner Ithaca Energy, an analyst has said, after the firm was forced to take write downs of £58m linked to the windfall tax.
Rosebank approval sparks London protests
Anti-fossil fuel activists have launched spontaneous protests at government buildings London following the approval of the Rosebank oil field.
West of Shetland: The projects in the UK’s oil and gas hotspot
From Ithaca's Cambo to Shell's Victory, and everything in between…
Captain electrification: Grid connection is ‘biggest challenge’ says Ithaca
Proximity to shore playing in favour of project to cut 100,000 tonnes of CO2 per year.
Dozens of Petrofac workers to strike on Ithaca assets after ‘clawback’ offer rejected
Around 85 Petrofac (LON: PFC) workers will strike for six days after rejecting a pay deal the union claimed would amount to a £6,000 pay cut.
Marigold partners agree path to combined field development
Ithaca Energy, Hibiscus Petroleum and Caldera Petroleum have drawn up a unit operating agreement that will enable the joint development of Marigold East and West via Piper Bravo.
Interview: Ithaca Energy on fresh hunt for Cambo partner
Ithaca Energy CEO Alan Bruce discusses the farm-out, work on the Cambo FID and why the UK should be a bit more Norway. . .
Shell completes exit of Cambo oilfield as Ithaca Energy buys out stake
Ithaca Energy (LON: ITH) will buy out Shell’s (LON: SHEL) stake in the Cambo oilfield, becoming the 100% owner of the West of Shetland project.
Analysts revise Ithaca outlook over ‘lack of progress’ on Cambo
Analysts have revised their forecasts for Ithaca Energy following a string of cancelled investments and slow going on the development of major projects like Cambo.
‘And John Lewis will come back into town…’: Ithaca boss talks up high street boost of Cambo and Rosebank
The chair of Ithaca Energy has talked up the economic benefits of backing the Cambo and Rosebank projects for local economies, including a potential high street resurgence.
Shell’s quest to find buyer for Cambo stake ‘progressing well’, claims partner
“On Cambo, Shell has a 30% share and our understanding is they are progressing well - hopefully that sales process will end soon. That will allow us to continue the project towards FID.”