Search results for: Ithaca

353 results

A list of search results

  • 23 June 2008

    Reports indicated that Aberdeen-based and Canadian listed Ithaca Energy is mulling over the “unsolicited” and “non-binding” takeover offer from Endeavour International worth US $360 million including cash and shares. Ithaca is said to be considering the Endeavour offer, “…In the context of Ithaca’s long-term strategic plan.” Shares in Ithaca were reported to be up on […]

  • 23 September 2019

    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.

  • 4 May 2017

    Israeli energy group Delek has increased its holding in Ithaca Energy, a UK focused oil and gas company. Ithaca said on Thursday that the share tendering process had been completed for the cash takeover offer made by Delek Group Ltd. for all the common shares of the Ithaca not already owned by Delek  for C$1.95 per share. Following payment […]

  • 12 February 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Ithaca Energy Inc. announces that the exploration well on the Handcross prospect (204/18b-2A) has been drilled to a total measured depth of 10,120 feet into the Tertiary, Vaila Formation.  No hydrocarbons were encountered in the target T36 or T35AA sands.  The well is in the process of being plugged and abandoned.  Ithaca’s share of the well […]

  • 10 February 2020
    Business & Finance

    Israel’s Delek Group has said that its subsidiary Ithaca Energy has made a deal with an investment firm to set up a new infrastructure company for Ithaca’s North Sea operations. 

  • 17 December 2010
    Business & Finance

    Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that the Company has completed a transaction to acquire certain UK North Sea gas interests from GDF Suez E&P UK Ltd […]

  • 12 December 2018

    Ithaca Energy has completed the previously announced transactions to acquire all the Greater Stella Area (“GSA”) licenses and associated infrastructure interests of Dyas and Petrofac.

  • 24 August 2018
    Business & Finance

    Ithaca Energy has entered into agreements to acquire all the Greater Stella Area (GSA) licenses in the North Sea and associated infrastructure interests of Dyas UK Limited and Petrofac.

  • 3 November 2011
    Business & Finance

    Ithaca Energy Inc. announces that it has signed an agreement with Ensco Offshore UK Limited to provide a jack up drilling unit for development drilling on the Stella and Harrier fields to commence in 2012. Further to the recently announced Development Concept selection for the Stella and Harrier Fields in Block 30/6a of the Central […]

  • 29 March 2011
    Project & Tenders

      Ithaca Energy Inc. announces that drilling of the J03 well on the Jacky field has now recommenced, as previously stated. The Energy Enhancer drilling unit is now fully operational following successful repair to the drilling mud handling system onboard the rig. Production from J01 was briefly suspended to complete the ‘top hole section’ of […]

  • 1 March 2013

    Ithaca Energy today announced it has reached agreement under which it will acquire Valiant Petroleum for £203 million (equivalent to approximately US$309 million) The Acquisition is anticipated to result in the establishment of Ithaca as a leading mid cap North Sea oil and gas operator, with 2P reserves of approximately 74MMboe(1), of which approximately 50% […]

  • 18 October 2010

    Ithaca Energy Inc.  and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or “the Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announced stable production from the first workover well on Beatrice Alpha has increased by 100% to 680 barrels of […]

  • 7 March 2011
    Business & Finance, Project & Tenders

    Ithaca Energy Inc. announces today that the Sedco 704 semi submersible drilling unit has commenced the drilling of the final production well for the development of the Athena field (“Athena”). Well 14/18b-A2 (“the well”) is being drilled from the Athena drill centre and is the final well to be drilled of a 180 day campaign […]

  • 21 April 2017

    Ithaca Energy, a North Sea oil and gas operator, is ready to get taken over by the Israeli oil and gas company Delek. Ithaca on Friday said that all the conditions of the previously announced cash takeover offer for the shares not already owned by Delek had been satisfied. According to Ithaca, the offer of […]

  • 29 December 2010
    Business & Finance, Project & Tenders

    Ithaca Energy Inc.  and its wholly owned subsidiary Ithaca Energy (UK) Limited, an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea,  announces that stable production from the second workover well (A23) on Beatrice Alpha has increased by ~115% to approximately 560 barrels of oil […]

  • 9 July 2015
    Business & Finance

    Ithaca Energy Inc., an oil and gas operator focused on North Sea production, appraisal and development activities, has completed the transaction entered into with MOL Plc (MOL) in April 2015 for the sale of its wholly owned subsidiary, Ithaca Petroleum Norge AS (Ithaca Norge). The initial consideration paid to Ithaca was $60 million, with the […]

  • 23 September 2013
    Business & Finance, Operations & Maintenance

    Ithaca Energy Inc. announces further UK exploration portfolio farm-out transactions. When combined with the previously announced UK farm-outs the Company is now fully carried for the forecast cost of drilling the UK exploration well commitments transferred as part of the Valiant Petroleum plc (“Valiant”) acquisition and in addition will receive over $8 million in cash […]

  • 18 April 2013

    The Board of Directors of Valiant Petroleum has announced that the High Court of Justice of England and Wales has today, 18 April 2013, made an order (the “Court Order”) sanctioning the Scheme by which the acquisition of Valiant by Ithaca Energy Holdings (UK) Limited, a wholly-owned subsidiary of Ithaca Energy Inc. (“Ithaca”), is being […]

  • 30 May 2019
    Business & Finance

    Ithaca Energy, a subsidiary of Israel’s Delek Group, has decided to acquire Chevron North Sea Limited for $2 billion.

  • 28 September 2015
    Exploration & Production, Project & Tenders

    Ithaca Energy, the operator of the Greater Stella Area in the UK North Sea, has reached an agreement with Petrofac in respect of the “FPF -1” floating production facility contract awarded in 2011. According to Ithaca, the agreement will provide enhanced incentivisation for the timely delivery of the production platform, which remains on track for […]

  • 17 June 2013
    Business & Finance, Operations & Maintenance

    Ithaca Energy Inc. announces the execution of further UK exploration farm-out transactions. The Company has executed a farm-out agreement with a subsidiary of Edison International SpA (“Edison”) for a 25% interest in the licences containing the Handcross prospect and an agreement with Shell UK Limited (“Shell”) concerning a licence awarded in the 27th UK Offshore […]

  • 6 February 2017

    Israel’s Delek Group said it has reached an agreement with Ithaca Energy to acquire the remaining shares in the company for a total consideration of C$681 million (US$524 million).