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Ithaca Energy Ltd.

About

Ithaca's strategy is centered on building a highly profitable, leading North Sea oil and gas company. The company is an experienced North Sea operator focused on the delivery of lower risk growth through the appraisal and development of U.K. undeveloped discoveries and the exploitation of its U.K. producing asset portfolio. The company was founded in 2004 and has grown through the execution of both new field development activities and acquisitions. Ithaca is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Ltd. (TASE: DLEKG; US ADR: DGRLY), Israel’s leading integrated energy company.

Headquarters Address

8 Rubislaw Terrace
Aberdeen
AB10 1XE
United Kingdom

Main Phone Number

Transactions

Report Date Amount (MM) Description
2022-04-07 --

Ithaca Energy Buys North Sea Rival Siccar Point Ahead of IPO

Ithaca Energy Buys North Sea Rival Siccar Point Ahead of IPO

Report Date Amount (MM) Description
2019-11-11 $2,000.00

Chevron’s $2 Billion North Sea Sale To Delek Now Official

Chevron’s $2 Billion North Sea Sale To Delek Now Official

Report Date Amount (MM) Description
2018-08-24 --

Petrofac Sells North Sea Assets For $292 Million

Petrofac Sells North Sea Assets For $292 Million

Report Date Amount (MM) Description
2018-08-24 $292.00

Petrofac Sells North Sea Assets For $292 Million

Petrofac Sells North Sea Assets For $292 Million

Report Date Amount (MM) Description
2009-08-15 $8.25

2009-08-15-2008-12-01-2008-12-01

2009-08-15-2008-12-01-2008-12-01

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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New Financings

Report Date Type Amount (MM) Description
2019-07-08 Ithaca Energy Ltd. Debt $700.00

Ithaca Energy Ltd. reported that its wholly-owned subsidiary Ithaca Energy (North Sea)…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Deepwater Roundup 2024: Offshore Europe, Middle East

Part three of Hart Energy’s 2024 Deepwater Roundup takes a look at Europe and the Middle East. Aphrodite, Cyprus’ first offshore project looks to come online in 2027 and Phase 2 of TPAO-operated Sakarya Field looks to come onstream the following year.

Subsea Tieback Round-Up, 2026 and Beyond

The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.

First Batch of North Sea Oil Licenses Announced

Of the 115 applications for the North Sea Transition Authority’s licenses, 27 licenses were prioritized because they have the potential to begin production more quickly than others.

Ithaca Energy Shares Sink in UK’s Largest IPO of 2022

As Europe’s fifth biggest IPO of the year began trading, Ithaca Energy’s shares fell as much as 11.6% below their 250 pence issue price, touching a low of 221 pence shortly after midday.

Ithaca Energy’s London IPO Priced at Bottom of Range

The planned IPO of Ithaca—owned by Tel Aviv-listed Delek Group—on the London Stock Exchange on Nov. 9 has been closely watched in an IPO market starved of activity since Russia’s invasion of Ukraine.

UK North Sea Firm Ithaca Energy Plans London Listing

Tel Aviv-listed Delek Group, which acquired Ithaca in 2017, would reduce its ownership stake in Ithaca Energy, but would remain a controlling shareholder, Ithaca Energy said.

Ithaca Energy Buys North Sea Rival Siccar Point Ahead of IPO

Siccar Point’s owners have attempted to sell the company several times in recent years with no success, sources have told Reuters.

Ithaca Energy to Buy Marubeni's North Sea Assets for $1 Billion

Ithaca Energy has agreed to acquire Marubeni's oil and gas assets in the North Sea for about $1 billion, industry sources told Reuters on Sept. 13.

TechnipFMC Wins Subsea Contract for Ithaca Energy’s Captain EOR Project

TechnipFMC will design, manufacture, deliver and install subsea equipment including a rigid riser caisson, water injection flexible flowline, umbilicals and associated equipment.

Delek Eyes Dual Listing for North Sea Unit Ithaca Energy

Israeli conglomerate Delek Group is looking to dual-list the shares of its North Sea unit Ithaca Energy in London and Tel Aviv, with bondholders set to receive some of those shares.

Israel’s Delek Group in Ithaca Energy Merger Talks

Merging Ithaca Energy with an international group would be part of a process of turning it into a public company traded in London, Delek said in a statement.

Israel's Delek Completes $2 Billion Purchase Of Chevron's North Sea Fields

Israel's Delek Group said on Nov. 10 its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.

Shell Approves Upgrade For Britain’s North Sea Pierce Field To Produce Gas

The project involves modifying the existing FPSO and installing a subsea gas export line from the FPSO to the SEGAL pipeline.

Chevron’s $2 Billion North Sea Sale To Delek Now Official

While the deal is set to establish Delek’s Ithaca subsidiary as the second largest independent oil and gas producer in the U.K. North Sea, it also marks the second major to pull out of the region.