Delek's British North Sea oil and gas producer Ithaca Energy will cut spending by about half to $120 million this year, it said on Tuesday, adding that cashflow remains strong in spite of a recent slump in oil prices.Ithaca, which its owner has said could list on the London stock market this year…
Operator Shell and its partner Ithaca Energy have taken final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday.The depressurization project involves modifying the existing floating production…
Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy.'Delek Group, received a signed offer from an international…
Services provider Petrofac said its Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy to prepare the FPF-1 floating production facility for the BP-operated Vorlich field in the Central North Sea…
International drilling, well service and engineering company Odfjell Drilling said it has signed a Letter of Intent for Deepsea Bergen with MOL Norge for one exploration well in direct continuation of the contract with OMV Norge, estimated to expire in Q3/Q4 2019…
Ithaca Energy shareholders have approved a proposed takeover bid from Delek Group that will expand the Israeli company's presence in the North Sea. Image from Delek Grou According to Ithaca…
Israel's Delek Group has made a US$524 million offer for UK independent explorer and producer Ithaca Energy. The offer, a 12% premium on Ithaca's last closing price on the Toronto Stock Exchange, would see Delek take over Ithaca's UK North Sea portfolio…
The NHV Group has been awarded a contract with Ithaca Energy UK (Ithaca) to provide helicopter services in support of their upcoming drilling project at the Harrier Well in Block 30/6. The operations are expected to start Q2 2017. Flights…
A North Sea exploration minnow led by one of the co-founders of Ithaca Energy and Iona Energy is a step closer to taking over a North Sea discovery with plans to list on the stock market to raise the cash needed to develop the field. i3 Energy…
Start up on Ithaca Energy's Stella field has been set back after electrical faults were found on the floating production unit. First oil via the FPF-1 floating production facility had been due at the end of this month, but is now expected early January…
Ithaca Energy is edging closing towards first oil from the Greater Stella Area Development in the UK North Sea. First oil, from the FPF-1 floating production unit, is scheduled for next month, as planned. The unit set sail from Poland in August and was safely towed to location…
Ithaca Energy’s FPF-1 floating production facility (FPU) is now on location on the Stella field in the UK North Sea, according to partner Petrofac. Illustration of the Greater Stella Area, from Ithaca…
Sailaway on Ithaca Energy's FPF1 floating production facility to the Greater Stella Area development in the UK North Sea is expected by the end of this month, according to contractor Petrofac. After a series of setbacks on the FPF1 modification project at the Remontowa Shipyard in Gdansk…
Ithaca Energy's delayed Greater Stella Area development remains on track for first production in Q2 next year. In a trading update this morning, Ithaca says sailaway of the FPF-1 floating production facility from the Remontowa Shipyard in Gdansk…
Israel’s Delek Group entered into a US$66 million deal with UK-based exploration and production firm Ithaca Energy to acquire nearly 20% of the company, making Delek the largest shareholder in Ithaca. Image of the Northern Producer…
Subscribe
