Ithaca Energy News

 

Equinor and Ithaca Energy Greenlight $3.8 Billion Investment in UK's Largest Undeveloped Offshore Field, Rosebank

Sep 27, 2023

Norwegian oil and gas company Equinor and its UK-based partner Ithaca Energy said Wednedsay they had taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf, together investing $3.8 billion in the development…

Rosebank Oil Field Project Approval Highly Likely This Year, Ithaca Energy's Executive Chair Says

Sep 20, 2023

Ithaca Energy's Executive Chair Gilad Myerson said on Wednesday that there was a 'very high likelihood' that Britain's Rosebank oil field development would be approved by authorities, Reuters has reported. A formal sanctioning of the project could take place by the end of the year…

Unite's Petrofac Members Prepare for Strike on Ithaca Energy's Offshore Platforms

Sep 19, 2023

The UK-based union Unite said Tuesday that around 85 offshore workers employed by Petrofac Facilities Management Limited are set to take strike action over six days on installations operated by Ithaca Energy.According to Unite, the dispute centers on Ithaca Energy’s fourteen-day 'clawback' policy…

Hibiscus Petroleum, Ithaca Energy, Caldera Unite to Develop Marigold Offshore Field

Sep 19, 2023

Malaysian oil and gas firm Hibiscus Petroleum has, via its UK North Sea subsidiary Anasuria Hibiscus UK, Ithaca Energy, and Caldera, entered into a unitization and unit operating agreement to jointly develop the Marigold field, about 250km northeast…

Ithaca Energy to Take Full Control of Cambo, UK North Sea's Second Largest Undeveloped Oil and Gas Discovery

Sep 12, 2023

Ithaca Energy has agreed to acquire the remaining 30% stake in Cambo from Shell, taking Ithaca Energy’s stake in Cambo to 100%.To remind, Ithaca Energy said in May it had agreed to market Shell's 30% stake in the Cambo oil prospect in the UK North Sea…

Petrofac Offshore Workers in the UK Vote for Strike Action

Aug 08, 2023

The UK-based union Unite said Monday that offshore workers employed by Petrofac Facilities Management Limited had voted for strike action in disputes over jobs, pay, and conditions.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform…

Ithaca Energy Strikes Hydrocarbons at UK North Sea Prospect

Jul 27, 2023

UK North Sea-focused oil and gas company Ithaca Energy said Thursday it had discovered hydrocarbons at its K2 prospect, located in Block 22/14c of the Central North Sea of the UK Continental Shelf.Upon entering the reservoir, Ithaca Energy, acting as the operator…

Ithaca Energy Takes Full Ownership of Fotla Discovery. Adds Three Offshore Blocks to Portfolio

Jul 13, 2023

UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…

Unite Ballots Petrofac Offshore Workers on Strike Action

Jul 10, 2023

Unite the union confirmed Friday that offshore workers employed by Petrofac Facilities Management Limited in the UK will be balloted on strike action.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform, Captain WPP, Captain floating production…

Ithaca May Top Up UK Cambo Oilfield Stake as Shell Tries to Sell

May 05, 2023

Ithaca Energy said on Friday it had signed an agreement with Shell to market the oil major's 30% stake in the Cambo oil prospect in the UK North Sea, with a potential for Ithaca to increase its ownership. Shell pulled its support for Cambo in late 2021 citing economic reasons…

Shell's North Sea Field Restarts Production after Major FPSO Upgrades

Apr 18, 2023

Oil major Shell said Tuesday it had completed the restart of operations at the Pierce field in the UK North Sea.The Pierce field lies around 165 miles (265km) east of Aberdeen, Scotland, in water depths of around 262 feet (85m). It was discovered in 1975…

Historic Offshore Worker Strike in UK North Sea to Bring Dozens of Platforms to Standstill, Unite Says

Apr 07, 2023

UK-based workers' union Unite said on Friday said that an 'unprecedented 48-hour major stoppage' would hit the offshore oil sector later this month, with 1350 offshore workers predicted to bring dozens of platforms to a ‘standstill.’The trade…

Massive Strike Looms on UKCS as 1400 Offshore Workers Demand Better Deal on Jobs, Pay, and Conditions

Mar 20, 2023

Around 1400 offshore workers employed on the UK Continental Shelf (UKCS) platforms will take strike action in the next weeks, seeking better deal on jobs, pay, and conditions, workers' union Unite said Monday.According to Unite, platforms and…

DOF Secures Long-term Platform Supply Vessel Deal in UK

Mar 16, 2023

Oslo-listed offshore vessel owner DOF has secured a new four-year firm contract for the platform supply vessel Skandi Gamma with UK-focused oil company Ithaca Energy.The contract for the 2011-built PSV also includes two 1-year extension options…

Equinor to Buy Suncor Energy UK in $850M Deal

Mar 03, 2023

Equinor said on Friday it would acquire the British oil and gas business of Canada's Suncor Energy SU.TO for $850 million, giving the Norwegian company stakes in several key North Sea petroleum assets.Equinor said the deal includes a 29.9% stake in the Buzzard oilfield…

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