Ithaca Energy: Profit tumbles at North Sea oil and gas firm as windfall tax bites Energy North sea oil and gas firm Ithaca Energy saw its revenue and profit tumble after being hit by impairment charges, lower production and a dip in the oil and gas prices. The FTSE 250 constituent, which in the Spring announced plans to buy all of Italian competitor Eni’s North Sea assets for £754m, lowered its [...]
Diversified Energy: FTSE 250 firm stumps up £52m for Texas natural gas field Energy Oil and gas site owner Diversified Energy Company has bought several operated natural gas wells located within East Texas for $68m (£52.3m). The FTSE 250 firm bought the assets from a regional operator. The “significant” PDP (proved developed producing) reserve was part of a wider sale in the area. A third-party development company will also [...]
Trading house Vitol reports another bumper year of profit on higher gas trading volumes energy Russell Hardy, the group's chief executive noted in a statement last month that the energy markets have become "ever more important and ever more complex."