Oil sector activity reignites, sending more vessels back to work, Esvagt says
Emergency response and rescue vessel firm Esvagt said today that a “re-ignition” of oil and gas sector activity was creating a “promising” increase in demand.
Stella
Ithaca completes £228m Greater Stella acquisitions
Ithaca Energy has completed its acquisitions of stakes in the Greater Stella Area from Petrofac and Dyas.
Ithaca production adds £4m to Delek’s net income in 2017
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 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.
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 takes next step in developing Harrier
Ithaca Energy has taken another step towards developing the Harrier field in the central North Sea.
Petrofac profits rise despite hefty impairment on Stella
UK energy service firm Petrofac reported an upturn in first-half profits, but had to book a hefty impairment on a North Sea development.
Update: Upturn in Ithaca’s results, but Stella reserves could drop
Ithaca Energy narrowed its losses during a first half in which the North Sea operator changed hands.
Ithaca narrows first-half losses, ramping up Stella output
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 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
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 starts production from North Sea Stella field
Ithaca Energy today announced the start-up of production from the Stella field in the North Sea.
Updated: Delek to takeover Ithaca Energy in major North Sea deal
Delek Group is set to takeover Ithaca Energy.
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 reports 2015 loss of $121million
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.