Ithaca News


Bilfinger Lands Major Maintenance Contracts in UK Energy Sector

Feb 26, 2026

Industrial services provider Bilfinger has secured two maintenance contracts in the United Kingdom, covering offshore operations at Ithaca Energy’s Cygnus gas field and onshore services at the St Fergus SAGE Terminal operated by Wood.The first…

AF Offshore Secures North Sea Decom Job

Feb 13, 2026

AF Offshore Decom, a company within AF Gruppen, has signed a contract with Ithaca Energy for the engineering, receipt, cleaning, dismantling, and recycling of a floating storage unit (FSU) from the U.K. sector of the North Sea.The vessel has a total weight of approximately 24…

Prosafe Nets $2.7M Extension for Safe Caledonia Flotel with Ithaca Energy

Jan 09, 2026

Oil and gas firm Ithaca Energy has exercised all three remaining weeks of options for Prosafe’s Safe Caledonia accommodation rig, which will continue providing support at its Captain field in the U.K. sector of the North Sea.The extension will…

AF Offshore Gets Ithaca Energy’s Decom Job in North Sea

Jan 05, 2026

AF Offshore Decom (AFOD), a company within AF Gruppen, has signed a contract with Ithaca Energy for the engineering, receipt, dismantling, and recycling of a floating production platform from the U.K. sector of the North Sea.The facility has a total weight of approximately 23…

Ithaca Extends Stay of Prosafe’s Safe Caledonia Flotel in Norh Sea

Dec 18, 2025

Oil and gas firm Ithaca Energy has signed a letter of intent (LoI) with Prosafe for the charter of Safe Caledonia accommodation rig n the U.K. sector of the North Sea.The LoI for Safe Caledonia entails provision of gangway connected accommodation support at the Captain field…

TechnipFMC Gets Ithaca Energy’s Job at Captain Field off UK

Dec 09, 2025

TechnipFMC has been awarded a significant contract by Ithaca Energy to deliver flexible risers, flowlines and associated subsea hardware for the Captain field development in the UK North Sea, the company said on Monday.The contract, classified…

Ithaca Energy Acquires 50% Stake in Shell’s Tobermory Discovery off Scotland

Nov 19, 2025

Ithaca Energy has signed a farm-in agreement with Shell UK for a 50% working interest in licenses P2629 and P2630, located in the West of Shetland basin, containing the Tobermory discovery.Following completion of the farm-in, Shell UK will continue…

Ithaca Extends Stay of Prosafe’s Accommodation Rig in North Sea

Nov 17, 2025

Oil and gas firm Ithaca Energy has extended the stay of Prosafe’s Safe Caledonia accommodation rig at the Captain field in the U.K. sector of the North Sea.Ithaca has exercised a further seven weeks of options for the Safe Caledonia, extending its stay through to early February 2026…

Petrofac Bags $50M Contract Renewal with Ithaca Energy in North Sea

Sep 22, 2025

Provider of services to the global energy industry Petrofac has extended its work in the U.K.’s North Sea with a two-year contract renewal from Ithaca Energy, valued at $50 million.Under the integrated services contract, Petrofac, who has supported Ithaca Energy since 2011…

Delek, Eni Scoop $143.2M from Ithaca Energy Share Sale

Sep 02, 2025

Israeli energy investor Delek Group and Italian oil and gas explorer Eni have raised about 106 million pounds ($143.2 million) by selling their shares in UK's Ithaca Energy, a bookrunner said on Tuesday.The top two shareholders of Ithaca offloaded 49…

AquaTerra to Provide Asset Integrity Services for BP and Ithaca Energy in North Sea

Jul 24, 2025

AquaTerra Group, an Aberdeenshire-based construction and maintenance firm, has been awarded two multi-year contracts with energy majors BP and Ithaca Energy to provide brownfield asset integrity services across North Sea installations.The contracts…

Ithaca Energy Bolsters Stake in North Sea Gas Field

May 20, 2025

U.K. oil and gas company Ithaca Energy has signed a sale and purchase agreement with Spirit Energy, increasing its stake for 46.25% in the Cygnus gas field for $154 million.The transaction, which is subject to NSTA consent, will increase Ithaca Energy's operated interest in Cygnus field to 85%…

Altrad’s Stork Gets Inspection Contract for Ithaca Energy

May 08, 2025

Altrad’s recently acquired subsidiary Stork has secured a multi-year contract with Ithaca Energy for inspection services across its oil and gas assets off UK.The five-year contract, which started on March 1, 2025 will encompass the provision of inspection services for the topside pressure systems…

Ithaca Energy’s Restructuring Plan to Lead to Job Cuts

Mar 26, 2025

North Sea oil and gas group Ithaca Energy launched a restructuring process that it expects to lead to job cuts, it said on Wednesday.The process, which follows the completion of Ithaca's acquisition of Eni's UK assets, is expected to be completed by July 1…

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