Ithaca Energy
Coverage of Ithaca Energy in the Nexus archive.
- BP seeks to sell North Sea business as UK faces drilling dilemma
BP is seeking to sell its North Sea business, which includes five production hubs and 1,100 employees, as UK Prime Minister Andy Burnham faces pressure to ease drilling restrictions. US President Donald Trump has urged increased North Sea oil production, while Burnham has emphasized a pragmatic approach to balancing energy security and cost-of-living concerns.
- North Sea oil fields set to be reopened by Burnham would profit blacklisted Israeli company
New British Prime Minister Andy Burnham is set to approve reopening North Sea oil fields, including Rosebank and Jackdaw, which are partially owned by Ithaca Energy. Ithaca is majority-owned by Delek Group, an Israeli firm blacklisted by the UN for supporting West Bank settlements and accused of profiting from illegal activities.
- BP puts its UK North Sea business up for sale
BP has decided to put its UK North Sea business up for sale following discussions with Ithaca Energy. The move reflects a strategic decision to market the assets after preliminary talks with the energy company.