Ithaca Energy plc is a British based, Israeli owned, oil and gas company operating in the North Sea. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]
History
The company was established in Canada in 2004 and moved to the UK when it took over operations in the Beatrice oil field in 2008.[3][a]
In December 2010, Ithaca Energy became operator of the Anglia gas field by acquiring 30% stake in the field from GDF Suez E&P UK.[5][b]
Ithaca has been subject to environmental protests in response to their opening of the Cambo oil field and their plans to develop the Rosebank oil field in September 2023.[14][15]
Ithaca was the subject of protests for its connection with Israeli settlements in March 2018. Ithaca is a subsidiary of Delek, a company which the UN reported as supplying services and utilities supporting the maintenance and existence of Israeli settlements in Palestine.[16]
A Fossil Free London protest against Ithaca
Notes
^Talisman Energy resumed ownership of the field in 2015 in preparation for decommissioning the field.[4]
^Ithaca Energy ceased production in the Anglia gas field in 2015.[6]
References
^ a b c"Annual Results 2023" (PDF). Ithaca Energy. Retrieved 27 March 2024.
^"FTSE UK Index Series Quarterly Review March 2023". FTSE Russel. 1 March 2023. Retrieved 5 March 2023.
^"Oil and Gas | Moray Firth Partnership". Archived from the original on 24 December 2013. Retrieved 24 December 2013.
^"More UK operators submitting plans for platform, subsea removal programs". Offshore Magazine. 19 August 2015. Retrieved 5 March 2023.
^"Ithaca Acquires Certain UK North Sea Gas Interests form GDF Suez". Offshore Energy. 17 December 2010. Retrieved 5 March 2023.
^"Ithaca approved to remove North Sea Anglia platform". Offshore Magazine. 27 August 2020. Retrieved 5 March 2023.
^ a b"Ithaca Energy confirms London IPO plans". Financial Times. 18 October 2022. Retrieved 5 March 2023.
^"Ithaca completes $1.5bn acquisition of Cambo operator Siccar Point Energy". Energy Voice. 4 July 2022. Retrieved 5 March 2023.
^"Ithaca Energy Wraps Siccar Point Energy Buy". Offshore Engineer. 4 July 2022. Retrieved 5 March 2023.
^"Ithaca Energy set for London's biggest IPO in 2022". Reuters. 2 November 2022. Retrieved 5 March 2023.
^"Oil producer Ithaca shares sink in UK's largest IPO of 2022". Reuters. 9 November 2022. Retrieved 5 March 2023.
^"Ithaca Energy posts huge $2bn profits in first results since IPO". Energy Voice. 30 November 2022. Retrieved 5 March 2023.
^"Persons with significant control". Companies House.
^William, Helen (September 30, 2023). "Hundreds protest in central London against Rosebank oilfield approval". Evening Standard.
^"Hundreds protest in London against Rosebank oilfield approval". ITV News. 1 October 2023. Retrieved 2 July 2024.
^"Rosebank oil giant funnelling money to Israeli settlement-linked company". The National. March 18, 2024.