(IN BRIEF) Centrica plc has finalized an agreement for Spirit Energy to sell a 46.25% stake in the Cygnus gas field to Ithaca Energy for £215 million. The sale includes £116 million in headline consideration and £99 million in decommissioning … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged 2P reserves, carbon capture, carbon storage, carbon storage facility, Centrica, Chris O’Shea, CO2 emissions, Cygnus gas field, decommissioning liabilities, Energy Portfolio, energy transition, gas fields, gas production, Ithaca Energy, Morecambe Net Zero, natural gas, North Morecambe gas field, partnership, South Morecambe gas field, Spirit Energy, strategic divestment, sustainability
(IN BRIEF) Eni S.p.A. has announced the successful completion of its combination with Ithaca Energy plc, consolidating nearly all of Eni’s upstream assets in the UK, excluding those in the East Irish Sea and CCUS activities. This strategic move involves … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, United Kingdom
Tagged Eni, Ithaca Energy, partnership, sustainability, UK
(IN BRIEF) Equinor and Ithaca Energy have committed $3.8 billion to Phase 1 of the Rosebank development in the UK North Sea. The project aims to recover around 245 million barrels of oil from the Rosebank field, located approximately 130 … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway, United Kingdom
Tagged Altera, Equinor, Floating Production Storage and Offloading vessel, FPSO, iEPCI™, Ithaca Energy, North Sea Transition Authority, North Sea Transition Deal, NSTA, Odfjell Drilling, oil, Rosebank development, Rosebank oil and gas field, TechnipFMC, UK Continental Shelf, UKCS, Voar Energy, Wood Mackenzie
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