Israeli-owned oil giant poised to dominate British North Sea drilling [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
Ithaca Energy would take over four key production hubs under the terms of the agreement, the Elgin Franklin, J-Area, Cygnus and Seagull platforms. It would also assume control of Neptune Energy, a major North Sea player acquired by Eni earlier this year. If the deal goes through it would leave Ithaca with stakes in six of the 10 largest fields in the UK North Sea. The business would be in control of a significant chunk of the UK's gas supplies, including the fields that help supply London and southern England. Ithaca said the deal would add significant scale and diversification to its business, nearly doubling oil and gas production to more than 100,000 barrels a day. Israeli-owned Ithaca has four weeks to decide if it wants to confirm the deal. If it goes ahead, Ithaca would issue new shares to Eni, which would own a 38pc to 39pc stake in Ithaca. Ithaca has previously clashed with the SNP over the development of new oil fields. Last year, then-chief executive Alan Bruce
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EQNR
Earnings
- 7/26/23 - Miss
EQNR
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- EQNR's page on the SEC website