Updated: Complete UK exit ‘increasingly likely’ for Chevron, Woodmac says
A full exit from the UK is “increasingly likely” for US major Chevron following the sale of its central North Sea portfolio to Ithaca Energy, an analyst said yesterday.
Ithaca
Ithaca completes £228m Greater Stella acquisitions
Ithaca Energy has completed its acquisitions of stakes in the Greater Stella Area from Petrofac and Dyas.
Top lawyers supporting Scotland’s oil and gas industry recognised
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
Petrofac’s GSA exit will allow it to refocus on core business, says Westwood
Petrofac’s exit from the North Sea Greater Stella Area (GSA) will allow it to refocus on its core business, according to analysts Westwood Energy.
Energy deals steer Pinsent Masons to 6% jump in global turnover
International law firm Pinsent Masons has reported increased global turnover by 6% to £449.8 million.
Ithaca boosts production, plans to restructure debts in 2018
Ithaca Energy said today that the start up of the North Sea Stella field boosted production by 49% last year.
Ithaca shrinks board, Les Thomas continues as CEO
Ithaca Energy said today that its board had been thinned out following the North Sea oil producer's takeover by Israeli firm Delek Group.
Costain says oil and gas clients still keeping purse strings tight
Profits at construction and engineering firm Costain climbed 25% last year on the back of its “on-going transformation” efforts.
Ithaca acquisition boosts Delek’s performance
Israel's Delek Group said today that a strong showing from Aberdeen's Ithaca Energy had bolstered its third quarter results.
Ithaca chips away at operating costs in wake of Delek takeover
Ithaca this morning reported a reduction in its operating costs for the first quarter of the year.
Delek takeover of Ithaca deadline looms
Delek takeover of Ithaca deadline looms
Delek profits jump as Ithaca deal nears completion
North Sea newcomer Delek Group posted a significant increase in profits last year as it looks to complete the acquisition of Ithaca Energy.
Helicopter firm NHV secures contract with Beatrice wind farm builder
Belgian helicopter operator NHV Group has tied up its second North Sea contract in just three weeks.
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.
Updated: Delek to takeover Ithaca Energy in major North Sea deal
Delek Group is set to takeover Ithaca Energy.
Peterson wins North Sea contract with Ithaca
Peterson has landed its first deal with Ithaca Energy UK.
Bad weather pushes Ithaca Energy’s Stella start-up into February
Ithaca Energy today said it was aiming to produce first hydrocarbons from its Stella field next month, after "challenging offshore weather" slowed the pace of work.
Ithaca issues new shares after Stella delay
Ithaca Energy today confirmed it would issue an additonal 358,331 common shares in the company.
Dof Subsea wins North Sea decommissioning work
Dof Subsea has landed a North Sea decommissioning contract with Ithaca Energy.
Ithaca zeroing-in on first North Sea oil, operating costs down to $20boe
Ithaca Energy is just weeks away from achieving first oil on its landmark North Sea development.
Israel’s Delek in talks to buy 20% of North Sea Kraken discovery
Israel’s Delek Group said yesterday it was at an advanced stage of talks over a deal to acquire a 20% stake in one of the UK’s biggest oil prospects.
Ithaca’s FPF-1 arrives at Greater Stella Area
The FPF-1 (Floating Production Facility) for the Greater Stella Area is now on location 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’s FPF-1 gets green light for travel to Greater Stella development
Ithaca Energy said its FPF-1 floating production facility has completed its required inclination test and departed from the Remontowa shipyard in Poland.
Ithaca secures pipeline access deal for Greater Stella production
Ithaca Energy has secured access to a major oil export pipeline allowing it to transport future production from its Greater Stella Area development project in the UK North Sea, at a cost of around $20million, with first production slated by September.