Ithaca Energy has completed its acquisitions of stakes in the Greater Stella Area from Petrofac and Dyas.
Israeli firm Delek Group said today that its takeover of North Sea oil producer Ithaca Energy gave it a shot in the arm last year.
Ithaca Energy said today that the start up of the North Sea Stella field boosted production by 49% last year.
Profits at construction and engineering firm Costain climbed 25% last year on the back of its “on-going transformation” efforts.
Ithaca Energy has taken another step towards developing the Harrier field in the central North Sea.
UK energy service firm Petrofac reported an upturn in first-half profits, but had to book a hefty impairment on a North Sea development.
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.
Ithaca this morning reported a reduction in its operating costs for the first quarter of the year.
Delek takeover of Ithaca deadline looms
Two major new milestones for the beleaguered UK North Sea oil and gas industry have highlighted resilience in the face of a downturn.
Ithaca Energy today announced the start-up of production from the Stella field in the North Sea.
Delek Group is set to takeover Ithaca Energy.
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 Energy has reported a loss after tax of $121 million as result of a $203 million post-tax impairment charge arising from lower forecast future oil and gas prices.