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By Ian Walker Ithaca Energy said it entered into an exclusive agreement with Eni to merge with the Italian company's U.K. assets in exchange for shares that would give Eni up to 39% of the...
Ithaca Energy has stakes in both of the oil fields.
Buying those assets, including those of Eni’s recently acquired Neptune Energy, could add a further 40,000-45,000 barrels of oil equivalent per day to Ithaca’s output
Ithaca Energy has stakes in both of the oil fields.
Stock prices in London were lower at midday on Wednesday, but trade was more confident in mainland Europe, with focus turning to the release of the US Federal Reserve's preferred inflation gauge on...