Ithaca Energy

Ithaca Energy is an independent oil and gas operator in the North Sea.

News

Plans remain subject to final sign-off for the project from the UK government.
Aug. 24, 2026
The development, featuring a Sevan-designed circular FPSO, will be purpose-built to reduce emissions, and will be made ready for future electrification.
March 26, 2026
Courtesy Altera/Norske Shell
Petrojarl Knarr FPSO
Ithaca Energy is progressing its deepwater Cambo project toward FID, with key tenders underway, while awaiting UK government clarity on fiscal policies. The company is also advancing...
Nov. 25, 2025
Courtesy Ithaca Energy LinkedIn
offshore Cygnus gas field
Equinor has closed on its revised submission for the Rosebank oil project west of Shetland.
Aug. 23, 2025
Courtesy Ithaca Energy
FPF-1 semisubmersible platform
Ithaca Energy (UK) has been fined £300,000 ($405,413) after admitting to safety failings onboard the FPF-1 semisubmersible platform, which is operating in the Greater Stella Area...
June 18, 2025
Ithaca Energy has agreed to acquire an additional 46.25% stake in the Cygnus gas field in the UK southern North Sea from Spirit Energy for about $154 million.
May 21, 2025
Courtesy Ithaca Energy's "Q3 2024 Results" presentation
Captain 13th platform drilling campaign
Ithaca Energy shares offshore project updates in its latest quarterly results report.
Nov. 21, 2024
Eni has completed a combination of much of its UK upstream assets with those owned by Ithaca Energy.
Oct. 3, 2024

Articles

Ithaca Energy has issued updates on its current greenfield and brownfield developments offshore the UK in a trading update.
Aug. 23, 2024
Courtesy Ithaca Energy
captain
Ithaca Energy’s Captain EOR Phase II project in the central UK North Sea is nearing completion, the company said in a results update.
May 28, 2024
Ithaca Energy has entered an exclusive arrangement to acquire most of Eni’s UK upstream assets.
March 27, 2024
Photo 40101435 © Rawpixelimages | Dreamstime.com
csuite
CEO Alan Bruce has agreed with the board that he will step down from his role to pursue new opportunities.
Jan. 5, 2024
Ithaca Energy has completed its acquisition of the remaining 40% interest in the Fotla discovery and three exploration licenses from Spirit Energy.
Nov. 4, 2023
Ithaca Energy has agreed to acquire Shell U.K.’s 30% stake in acreage covering the deepwater Cambo field west of Shetland.
Sept. 12, 2023
Ithaca Energy has issued updates on its planned development projects in the UK offshore sector in its latest results statement.
Aug. 24, 2023
Ithaca Energy has made a discovery in the K2 prospect in Block 22/14c in the UK central North Sea.
July 27, 2023
Operational issues occurred earlier this year at the Captain Field complex and FPF-1 floating platform in the UK central North Sea, according to Ithaca Energy’s latest results...
June 1, 2023
Courtesy Ithaca Energy's "2022 Full Year Results" presentation
Cambo's low emissions development (c.3.7 kgCO2/boe)
Ithaca Energy has signed a marketing agreement with Shell UK concerning the latter’s 30% stake in the Cambo oil and gas field west of Shetland.
May 5, 2023

Additional content from Ithaca Energy

Ithaca Energy has completed its acquisition of UK E&P independent Siccar Point Energy, which was first announced in April.
July 5, 2022
Courtesy Siccar Point Energy
Corona Ridge Area
Ithaca Energy has agreed to acquire Siccar Point Energy, creating one of the UK’s leading North Sea/West of Shetland operators.
April 8, 2022
Ithaca Energy is progressing procurement for its Abigail subsea tieback in the UK central North Sea.
Dec. 2, 2021