Petrofac has announced the award of a “multi-million dollar” North Sea contract from 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.
Ed triumphantly returned from his semiaquatic sojourn in Somerset to join Mark and Allister for another ear-captivating edition of Energy Voice Out Loud, in association with the EIC.
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.
North Sea oil firm Ithaca Energy has appointed industry veteran Bill Dunnett as its new chief executive.
Ithaca Energy has celebrated an “offshore first” as one of its North Sea platforms has become 100% powered by renewable energy.
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
The UK’s health and safety watchdog is making “initial inquiries” after a generator overheated on the FPF-1 platform in the central North Sea.
Ithaca Energy plans to shed a quarter of its onshore workforce after sinking to a £944m pre-tax loss amid the "historic collapse" of oil and gas prices.
Helicopter group NHV has landed a five-year North Sea contract extension with Ithaca Energy.
Ithaca Energy has completed its latest scheduled six-monthly reserves based lending facility redetermination process.
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.
North Sea operator Ithaca Energy intends to make redundancies from its onshore workforce by the end of 2020, its chief executive has confirmed.
Ithaca Energy is still planning to move ahead with a project to boost production from one of its flagship North Sea fields this year, despite deferrals and slashed spending.
Impairments led North Sea operator Ithaca Energy to a £111.4m pre-tax loss in 2019, while the Covid-19 outbreak threatens delays to future projects.
Drilling contractor Archer has said a newly-completed debt refinancing will help it withstand a “meaningful drop in activity”.
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world. Even if prices reach this threshold, the UK will avoid shut-ins and exploration is likely to continue in 2020, although cash flow and project sanctioning will suffer, a Rystad Energy impact analysis shows.
Drilling contractor Archer is understood to have laid off another 60 offshore workers following a client’s decision to cut activity levels.
North Sea oil firm Ithaca Energy will cut its 2020 capital expenditure in half to £97 million in response to the crude price drop and Covid-19 outbreak.
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.
Ithaca Energy has been warned by the UK's safety watchdog after exposing workers to “risk of serious personal injury or death from fire and explosion” on a North Sea vessel.
Nearly 50 offshore jobs at drilling contractor Archer are at risk due to client Ithaca Energy’s plans to reduce activity levels and crews on two central North Sea platforms.
A UK North Sea oil and gas discovery is showing “significant promise”, a project partner said today.
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.
The Health and Safety Executive (HSE) has launched an inquiry after a crane collapsed on a second Valaris oil rig within a month of each other.