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The Latest Breaking News from Ithaca Energy

Ex-Labour frontbencher calls for Rosebank rejection over Israel links

A SUSPENDED Labour MP has called on the UK Government to reject the controversial Rosebank oil field, citing concerns profits from the project could…

The National (Scotland)

Oil and gas firm fined £300k after 'terrifying incident' on North Sea rig

An oil and gas operator has been fined £300,000 following a “terrifying incident” on a North Sea rig that saw three workers lowered into a…

The National (Scotland)

Fine issued after ‘terrifying’ incident on rig saw workers lowered into water

The incident occurred on the FPF-1 offshore platform, owned by Ithaca Energy (UK) Limited, during a night shift on December 10 2020.

The Independent UK

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Greenpeace sues Rosebank owner over Israeli firm's human rights ties

A Norwegian oil giant, owner of the Rosebank field in Shetland, is being sued over its connections to an Israeli fuel conglomerate linked to human…

The National (Scotland)

Norway oil firm sued over alleged links to Israeli firm operating in illegal settlements

Exclusive: Complaint says Equinor is unlawfully connected to Israel’s Delek Group, which has been flagged by UN human rights commissioner

The Guardian - UK

IDF-linked firm to receive millions from Rosebank oil field in North Sea

NEW analysis has shown that a fossil fuel firm with links to an Israeli company supplying fuel to the IDF is set to make millions from the…

The National (Scotland)

HSBC and NatWest accused of financing North Sea oil extraction despite pledge

Campaigners call on banks to cease funding Ithaca, which is playing a key role in Rosebank oilfield plan

The Guardian - UK

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Keir Starmer confirms Labour will honour Tories' approval of Rosebank oil field

KEIR Starmer has confirmed that a Labour government at Westminster would honour the Tories’ decision to approve the Rosebank oil field ...

The National (Scotland)

Anger as Rosebank, UK’s biggest untapped oil field, gets drilling green light

Environmental campaigners said the decision showed the government was putting the “profits of oil companies above everyday people”

The Independent UK

UK faces being ‘starved’ of North Sea power

Ithaca Energy executive argues that using oil and gas domestically means a lower carbon footprint than foreign imports

Insider UK

UK faces being ‘starved’ of North Sea power, warns Ithaca Energy boss

Labour plan to ban new licences and government taxation policy is harming investment says company chairman

The Independent UK

Shell looks to sell off its stake in controversial Cambo oilfield

Energy firm’s 30% stake in field off Shetlands up for sale amid fierce opposition to new North Sea drilling

The Guardian - UK

Shell looks to sell stake in Cambo oil field

The oil major is looking for a buyer for its 30% holding in the controversial project

Insider UK

Sunak urges banks to keep funding oil and gas firms after windfall tax

Sector says £5bn energy profits levy will make investment in new projects and renewables more difficult

The Guardian - UK

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Evening Standard

Controversial North Sea oil field Cambo moves closer as developer Siccar bought by Ithaca Energy for $1.5bn

Siccar Point Energy, which part-owns the licence to the field, is being bought by Ithaca Energy

The Guardian - UK

Cambo oilfield development could be back on after takeover

Ithaca Energy buys Siccar Point, which paused project when Shell pulled out after environmental opposition

Insider UK

Ithaca Energy acquires Cambo owner in $1.5 billion deal

Development of controversial oil field west of Shetland now set to go ahead

Insider UK

Ithaca Energy expands North Sea portfolio with $224 million acquisition

The agreement is still subject to approval by the authorities

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