Ithaca Energy: The next North Sea oil winner?

Aug 13, 2024 · Energy, ESG and Climate Change. Ithaca Energy: The next North Sea oil winner? This FTSE 250 company is paying 17% dividends. It also has a large opportunity from a recent regulatory thumbs-up. So is it a buy or a pass for me? Tom Rodgers. Aug 13, 2024. Share this …

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Ithaca Energy: The Next North Sea Oil Winner?

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Ithaca Energy Bolsters North Sea Dominance With £754M Eni …

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Oct 5, 2024 · Ithaca Energy acquires most of Eni’s British oil and gas assets for £754 million, boosting its production capacity and reserves in the North Sea. Eni became a key shareholder, …

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Ithaca Hands $200m To Shareholders Following 'combination' With Eni

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Nov 21, 2024 · The North Sea firm also confirmed controversy-hit Rosebank field was on track for first oil in 2026/27 Ithaca hands $200m to shareholders following 'combination' with Eni

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Ithaca Energy Combines With Eni's North Sea Business - Yahoo …

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Oct 3, 2024 · MILAN (Reuters) -Ithaca Energy completed a 754 million pound ($993 million) deal to buy nearly all of Eni's UK oil and gas producing assets, it said on Thursday, an all-share …

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Is Ithaca Energy’s £754m Buy Of Eni’s North Sea Oil And Gas Assets …

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The purchase takes Ithaca, which boasts a £1.2bn market capitalisation, up into the echelons of the North Sea’s biggest oil and gas players, capable of producing up to 100,000 barrels of oil ...

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Eni-Ithaca Merger Expands Footprint In North Sea Oil And Gas

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Oct 4, 2024 · On Thursday, Ithaca Energy finalized a £754 million all-share deal to acquire nearly all of Eni's UK oil and gas production assets, establishing one of the largest independent …

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Ithaca Energy Buys Summit Exploration’s North Sea Business For …

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Mar 31, 2022 · Ithaca Energy has struck a deal to acquire North Sea player Summit Exploration and Production for $224 million (£170.5m). Revealing the acquisition in its full-year results for …

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North Sea Oil Explorer Ithaca Agrees $1.24bn Takeover - Financial …

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Feb 6, 2017 · North Sea oil explorer . Ithaca Energy has agreed a $1.24bn takeover by Israel’s Delek Group, in the latest of a flurry of acquisitions in the region as more stable oil prices fuel …

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Ithaca Energy To Buy Chevron’s North Sea Business In $2bn Deal

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May 30, 2019 · The agreement will see Ithaca, which is owned by Israel’s Delek Group, acquire Chevron North Sea Limited, bringing with it 10 stakes in producing oil and gasfields and …

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Ithaca Energy Posts Huge $2bn Profits In First Results Since IPO

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Nov 30, 2022 · North Sea producer Ithaca Energy has posted pre-tax profits of more than $2bn in its first set of results since its London debut.The figures, for the first nine months of 2022, have …

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FAQs about Ithaca Energy: The next North Sea oil winner? Coupon?

Is Ithaca Energy buying Eni's UK oil & gas assets?

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights April 23 (Reuters) - Ithaca Energy (ITH.L) has agreed to buy nearly all Eni's (ENI.MI) UK oil and gas producing assets for about 754 million pounds ($938.3 million) in stock, as it looks to become one of the biggest independent energy companies in the North Sea. ...

Who is Ithaca Energy?

WE WORK TOGETHER. WE WIN TOGETHER. Ithaca Energy is a new kind of North Sea oil and gas operator and producer, committed to delivering sustainable low cost and long-term oil and gas production. ...

Does Eni have a stake in Ithaca Energy?

MILAN (Reuters) - Italy's Eni said on Thursday it would have a stake of around 38.7% in Ithaca Energy after completing the sale of nearly all of its upstream assets in the UK to the London-listed company. Eni and Ithaca agreed the deal in April when they said the transaction was worth around 754 million pounds ($992.41 million) in shares. ...

When does the Ithaca oil & gas deal end?

The deal is expected to close in the third quarter, but will take effect from June 30 for the purposes of financial reporting. Jefferies, which is among the financial advisers to Ithaca, said the deal represents further consolidation in the UK North Sea oil and gas sector. ...

Who owns Neptune Energy & Ithaca Energy?

Ithaca Energy ( LON: ITH) has agreed to combine its UK North Sea assets with Italian oil giant Eni ( BIT: ENI) creating a “powerhouse” in the region. Eni will hand over control of the assets to Ithaca, including the recently-acquired portfolio of Neptune Energy, in exchange for shares in Ithaca Energy worth £754m. ...

What happens if Ithaca buys the North Sea?

If the deal goes through it would leave Ithaca with stakes in six of the 10 largest fields in the UK North Sea. The business would be in control of a significant chunk of the UK’s gas supplies, including the fields that help supply London and southern England. ...