Oil and Gas News
Green Light for North Sea Development with First Oil Expected This Year
North Sea-focused Ithaca Energy has secured consent from the authorities for the development of a subsea tie-back to its FPF-1 facility located in the UK North Sea with the first oil expected later this year. Ithaca is also on track to enlarge its oil and gas portfolio through the acquisition of Summit E&P for a price tag of $224 million.