Ithaca News

 

Ithaca in further Stella delay

Jan 12, 2017

Ithaca Energy is further delaying its Stella field offshore the UK to February 2017 due to an electrical inspection program on the FPF-1 floating production facility. First oil was anticipated at the end of November 2016, and was pushed back to January 2017…

DOF Subsea scores Ithaca decom job

Oct 07, 2016

Subsea services provider DOF Subsea said it has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Ithaca-operated Athena field in the UK North Sea. Athena is in UK Continental Shelf block 14/18B in the…

Greater Stella remains on track

Oct 06, 2016

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 adds to GSA area assets

Aug 02, 2016

UK-based independent Ithaca Energy has expanded its holdings in the Greater Stella Area (GSA) through four agreements, which increases its stake in the Vorlich discovery and gives it an operated interest in the Austen discovery. Through agreements with ENGIE E&P…

FPF-1 bound for Stella in two weeks

Jul 11, 2016

Ithaca Energy's FPF-1 floating production facility is set to leave its yard in about two weeks and start first oil from the Greater Stella area in about three months from then.  UK-based independent Ithaca said modifications on the unit in the Remontowa Yard in Gdansk…

Greater Stella remains on track

Nov 16, 2015

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…

Delek in $66 million Ithaca investment

Oct 09, 2015

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…

MOL Group completes Norway deal

Jul 09, 2015

Hungarian exploration outfit MOL Group has completed a deal with UK independent Ithaca Energy, giving it its first step into the Norwegian offshore sector. MOL has bought Ithaca's Norwegian subsidiary, which has stakes in 14 licenses…

Activity ramps up on FPF-1 conversion

May 14, 2015

Work on UK independent Ithaca Energy's Greater Stella Area (GSA) floating production unit is reaching a peak in Remontowa's Polish shipyard. Ithaca says manning levels on the FPF-1 vessel have been at historic highs over recent weeks…

Ithaca grants Athena FPSO extension

Jun 06, 2014

Ithaca Energy opted to extend its contract with BW Offshore's BW Athena FPSO, the Olso, Norway-based vessel owner announced on 6 June 2014. The original contract, signed in 2010, covered a service period from 2012-2015. Ithaca Energy…

Life of field contracts for Technip

Dec 19, 2013

Technip has been awarded contracts by Shell UK, Fairfield Energy, Ithaca Energy and TAQA for lfie of field operations. This four contracts include:  Diving operations to prepare for decommissioning of the Shell Delta Brent facilities…

Ithaca agrees string of deals

Sep 23, 2013

Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets.  Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…

Shell joins Ithaca in North Sea

Jun 17, 2013

UK-based exploration firm Ithaca Energy has agreed farm-out deals with Edison International and Shell on North Sea blocks. Shell is to take a 50% stake from Ithaca in production license P2048, covering central North Sea blocks 29/24, 29/25…

Wood Group secures life-of-field contract

Jun 11, 2013

Wood Group PSN (WGPSN) has secured its second North Sea duty-holder contract extension this year. Valued at about US$200 million (£140 million), the life-of-field contract from Ithaca Energy will see WGPSN operate and deliver managed services…

Ithaca Energy moves to acquire Valiant Petroleum

May 28, 2013

Aberdeen-based independent Ithaca Energy moved to acquire fellow UK explorer Valiant Petroleum for US$309 million in early March. Ithaca says the movewould establish itself as a leading mid-size North Sea oil and gas operator with 2P reserves of approximately 74MMboe…

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