LONDON (Alliance News) - Ithaca Energy Inc Tuesday said it has successfully drilled the third development well at the Stella field in the North Sea, and it has encountered high-quality reservoir sands. The North Sea oil and gas operator said its 2014 production enhancements programme is pro Read More

UK MORNING BRIEFING: Whitbread Leads FTSE 100 On Strong Quarter

17th Jun 2014 07:34

LONDON (Alliance News) - UK shares have opened higher Tuesday, encouraged by a positive close on Wall Street on Monday and ahead of UK inflation data. Whitbread leads FTSE 100 gainers, as it said its Premier Inn hotels and Costa Coffee shops continued their strong s Read More

Ithaca Energy First Quarter Profit Lifted By 50% Production Increase

13th May 2014 11:24

LONDON (Alliance News) - Ithaca Energy Inc Tuesday reported higher profits and revenues in the first quarter of its new financial year, driven by a 50% increase in production. The North Sea oil and gas operator reported a pretax profit of USD4.6 million for the three months to March 31, an Read More

UK MIDDAY BRIEFING: IAG On Steady Path, Petrofac Dives

9th May 2014 11:50

LONDON (Alliance News) - Oil and gas services company Petrofac Friday issued a profit warning after it said the planned development of the Greater Stella Area oil field in the North Sea would be delayed until next spring, it was hit by low output at a Romanian oil field, and w Read More

UK WINNERS & LOSERS: Petrofac And Tullett Prebon Lead Indices Lower

9th May 2014 10:42

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS ------- WPP, up 0.5%. Shares in the media buying giant have risen after France-based P Read More

Ithaca Energy Announces Delays At Greater Stella Area Development

9th May 2014 09:32

LONDON (Alliance News) - Ithaca Energy Inc Friday said it has been hit by delays at the Greater Stella Area development in the North Sea, moving back production until mid 2015. The oil and gas exploration and development company said the topsides construction programme has advanced more slo Read More

UK MORNING BRIEFING: Petrofac Drops 15% On Profit Warning

9th May 2014 07:29

LONDON (Alliance News) - Two profit warnings and continued worries about Ukraine and Russia have depressed UK share prices at the open Friday. Both Petrofac and Drax Group issued profit warnings prior to the open. Petrofac is down 15% at the open, w Read More

Ithaca Energy Pretax Profit Jumps On Higher Production, Revenues

31st Mar 2014 08:29

LONDON (Alliance News) - Ithaca Energy Inc Monday said its pretax profit jumped in 2013 as production and revenues more than doubled during the period. The North Sea oil and gas producer said its pretax profit increased 38% to USD40.2 million in 2013 from USD29.2 in 2012, as revenues increa Read More

Ithaca Energy Announces Oil Find At Trell Prospect In Norwegian North Sea

21st Feb 2014 08:33

LONDON (Alliance News) - Ithaca Energy Inc Friday said excellent quality oil has been found during exploration drilling on a license it will partly own at the Trell Prospect in the Norwegian North Sea. The North Sea oil and gas producer said the operator and 40% owner of the PL102 F/G licen Read More

Ithaca Energy Exploration Well At Handcross Prospect Fails To Find Oil

12th Feb 2014 10:20

LONDON (Alliance News) - Ithaca Energy Inc said Wednesday an exploration well at its Handcross prospect is being plugged and abandoned after failing to find hydrocarbons. Ithaca said the well was drilled to a total measured depth of 10,120 feet into the Tertiary, Vaila Formation, but no hyd Read More

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