Jeremy Hunt announced the Energy Profits Levy would be prolonged by another 12 months to March 2029, which he estimates will raise an extra £1.5billion for HM Treasury.
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 announces full year 2023 results energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
North Sea oil and gas producer Ithaca Energy on Wednesday said it was looking at a potential tie-up with Italy's largest energy firm Eni covering its UK assets and reported a slump in annual profits blaming the British government’s energy tax and project impairments.
Ithaca Energy PLC reported full year 2023 profit of $215.6 million compared to $1.03 billion, last year. The company noted that its full year result was impacted by a $557.