A potentially cost-effective, efficient means to develop remote oil & gas fieldsSubsea tieback projects are transforming the offshore oil and gas industry by enabling efficient extraction from remote fields and satellite reservoirs, an approach aiming to significantly reduce capital…
AIM-listed natural resources investing company Deltic Energy has withdrawn from the Shell-operated license in the Southern North Sea due to the inability to secure a farm-out or an alternative funding solution for its commitments related to the Pensacola appraisal well…
Esgian provides an update on rig sales and the shrinking pool of vintage semisubs in its Week 22 Rig Analytics Market Roundup.Report SummaryContractsNoble Corporation has secured a new well intervention contract with Harbour Energy in UK waters of the North Sea for the 350-ft jackup Noble Resilient…
Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, with Ithaca Energy, creating a major independent oil and gas company present on the UK Continental Shelf (UKCS)…
Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand…
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…
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…
North Sea producers BP, Equinor, and Ithaca Energy on Tuesday signed an agreement to study the electrification of oil and gas offshore production facilities in the West of Shetland area. The initiative focuses on three of the North Sea's largest fields - the BP-operated Clair field…
The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital…
Any changes to Britain's oil and gas windfall tax law that would remove incentives to invest in the North Sea would make field developments in the ageing basin 'uneconomical', the chairman of newly-listed Ithaca Energy said on Wednesday. Ithaca…
North Sea oil and gas producer Ithaca Energy's planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday.Ithaca's market debut will be watched…
North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning a London listing, stoking hopes for a fourth quarter recovery in a stock market overshadowed by the dismal economic outlook.The initial public offering (IPO) will test…
Shell has launched a sale process for its 30% stake in the Cambo oil prospect in the British North Sea, potentially paving the way for the field's controversial development, industry sources said on Thursday.The London-based company hired investment…
Ithaca Energy has completed the previously announced acquisition of the UK North Sea focused oil and gas company Siccar Point Energy.The proposed acquisition was first announced in April, when it was said that Ithaca would pay for $1.1 billion…
The British oil and gas regulator has extended by two years the license for the Cambo oilfield prospect in the North Sea which is owned by Shell and Siccar Point, Shell said on Wednesday.'The North Sea Transition Authority has awarded Siccar…
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