Eni Agrees to Merge UK Upstream Assets with Ithaca Energy
Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish…
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Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish…
Transformational combination of substantially all of Eni's UK upstream operations with Ithaca Energy, creating a leading United Kingdom Continental Shelf production and growth company ...
Acquiring the assets, which include recently purchased fields from Neptune Energy Group, would boost Ithaca’s North Sea production at a time when larger players are withdrawing from the aging basin.
An Israeli-owned drilling company is poised to become the UK’s largest North Sea oil and gas operator after announcing a tie-up with Italian rival Eni.
Merger with Italian rival would leave Ithaca Energy with stakes in six of the 10 largest fields