Labour’s North Sea windfall tax plans branded a ‘blunt response’ that will hammer businesses across the UK Energy The government’s plans for North Sea oil and gas are a “blunt response” that could jeopardise hundreds of thousands of jobs not just in the energy sector, several of the industry’s leading figures have warned. In an open letter to the Treasury, over 40 companies with operations in the North Sea voiced their “grave concern” [...]
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 [...]
Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal? Energy Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.
Ithaca Energy to buy Eni’s UK assets, but mothballs projects due to windfall tax March 27, 2024 Ithaca Energy, a leading UK independent exploration and production company, has announced plans to combine with substantially all of Eni S.p.A.'s UK upstream assets