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NEWS | UK North Sea Energy Review – August 2022

UK North Sea Energy Review – August 2022

NEWS | Sword celebrates 3-year IT and IM contract award with leading North Sea operator

Sword is delighted to have signed a three-year agreement with Ithaca Energy UK Ltd for the provision of Information Technology (IT) and Information Management (IM) services.

NEWS | Well-Safe Protector to undertake Ithaca Energy North Sea well decommissioning

Well-Safe Solutions have been contracted by Ithaca Energy to plug and abandon (P&A) six wells on the Anglia platform in the Southern North Sea, approximately 55km from the UK mainland.

NEWS | Ithaca Energy to Buy Summit E&P, as Sumitomo Exits UK's Upstream Oil & Gas Sector

London-listed oil and gas company Ithaca Energy said Thursday it had agreed to acquire Summit Exploration and Production Limited, a UK North Sea-focused oil company and a subsidiary of Japan's Sumitom (...)

NEWS | Ithaca Energy to create 'thousands of jobs' after £1.1billion deal

Ithaca Energy has agreed to buy Siccar Point Energy in a deal worth around £1.1billion.

NEWS | Aberdeen's Ithaca benefits from rise in oil and gas prices

North Sea focused Ithaca Energy has posted a $1 billion (£0.75bn) annual profit which underlines the scale of the boost provided to firms by the recent dramatic rises in the prices of oil and gas.

NEWS | Bureau Veritas wins three-year multiservice contract for six North Sea assets

Bureau Veritas (BV), a world leader in testing, inspection, and certification, has been awarded a three-year contract by Ithaca Energy to deliver verification (including remote) certification and clas (...)

NEWS | Alatas win 3 year Crane contract with Ithica Energy

Alatas have strengthened their presence in the North Sea after being awarded a 3 year Crane Operations and Maintenance contract for Ithaca Energy.

NEWS | Ithaca Energy agrees to buy Marubeni's North Sea assets for US$ 1 billion, sources say

Ithaca Energy has agreed to acquire Marubeni's oil and gas assets in the North Sea for about US$1 billion, industry sources told Reuters.

NEWS | Petrofac Bags Ithaca Energy Deal

Petrofac announced Thursday that it has been awarded a two and a half year brownfield project with Ithaca Energy.

NEWS | Worley wins contract with Ithaca for Captain EOR project

Worley has been awarded a two-year contract to provide engineering and procurement (E&P) services to Stage 2 of Ithaca Energy’s Captain Enhanced Oil Recovery (EOR) project in the central North Sea.

NEWS | Ithaca Energy announces Captain Field EOR Stage 2 Sanction

Ithaca Energy, operator of the Captain field, is pleased to announce sanction of the Captain Enhanced Oil Recovery (EOR) Stage 2 project in the UK Central North Sea after receiving Field Development P (...)

NEWS | Ithaca Energy recommences production at FPF-1 offshore platform in North Sea

Ithaca Energy has recommenced production from its FPF-1 offshore platform in the North Sea, following shutdown two weeks earlier due to Covid-19.

NEWS | Ithaca adds another Repsol Sinopec man to executive team

Oil and gas company Ithaca Energy, a subsidiary of Israel’s Delek Group, has appointed David Crawford as Chief Financial Officer (CFO) of the company.

NEWS | BP and Ithaca Start Production at Vorlich Field in North Sea

BP and Delek Group-owned Ithaca Energy have started oil and gas production at the Vorlich field in Britain's central North Sea, the companies said on Thursday.

NEWS | Ithaca Energy announces Q3 YTD 2020 financial results

Ithaca Energy Limited (“Ithaca” or the “Company”) is pleased to announce its financial results for the nine months ended 30 September 2020 (“Q3 YTD 2020”).

NEWS | Ithaca Energy demonstrates best practice in preparing for IR35 reform

With just months to go until IR35 reform is extended to the private sector on 6th April 2021, many oil and gas companies are busy readying themselves for the introduction of the off-payroll changes.

NEWS | Analysts highlight challenge facing North Sea oil and gas firms

North Sea-focused Ithaca Energy may need to resort to acquisitions to underpin its growth according to analysts who have highlighted the particular challenges firms face in the area.

NEWS | Petrofac expands support for Ithaca Energy

Petrofac’s Engineering and Production Services (EPS) business today announces the award of a multi-million dollar Integrated Services Contract with Ithaca Energy (Ithaca).

NEWS | Ampelmann and Olympic Shipping join forces in project for Ithaca Energy in the North Sea

Ampelmann, the Dutch offshore access provider, has secured a contract with Olympic Shipping to support topside commissioning work on Ithaca Energy’s FPF-1 offshore semi-submersible in the North Sea.

NEWS | Ithaca acquires North Sea license, defers planned wells

Ithaca Energy has acquired license P.2158 (block 15/18b) in the UK central North Sea from Total E&P UK.

NEWS | Ithaca unveils £190m North Sea investment as owner continues to mull IPO

Ithaca Energy expects to pump $250 million (£190 million) into its North Sea assets this year as it begins work on developing its Vorlich field in the Greater Stella Area and continues work on its Alb (...)

NEWS | Decommissioning plans submitted for North Sea gas field by Ithaca

Plans for the Anglia field in the North Sea have been submitted by Ithaca Energy.

NEWS | North Sea portfolio could be cash cow

A ratings agency has highlighted the amount of cash that Israeli-owned Ithaca Energy will generate in the North Sea after it completes the acquisition of a big portfolio of assets in the area from Che (...)

NEWS | Independent oil firms are filling gap left by majors off Scotland

CHEVRON’s decision to sell a big North Sea portfolio to Ithaca Energy for $2billion (£1.6bn) provides fresh evidence some US giants are losing interest in the area.
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