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Ithaca Energy
Ithaca Energy plc is a British oil and gas company operating in the North Sea. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The company was established in Canada in 2004 and moved to the UK when it took over operations in the Beatrice oil field in 2008. In December 2010, Ithaca Energy became operator of the Anglia gas field by acquiring 30% stake in the field from GDF Suez E&P UK. It traded on the Alternative Investment Market until it was acquired by an Israeli-based company, Delek Group, in 2017. The company acquired Siccar Point Energy for $1.5 billion, giving it stakes in the Rosebank oil and gas field and the Cambo oil field, in July 2022. The company was the subject of an initial public offering on the London Stock Exchange in November 2022. Notes Operations The company has a 20% stake in the non-operating Rosebank oil and gas field and 70% stake in the operating Cambo oil field Cambo oil field is a prospective oil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anglia Gas Field
The Anglia gas field, is a natural gas field in the United Kingdom's continental shelf of the Southern North Sea. It is located in blocks 48/18 and 48/19 about 60 km (37 mi) east of the Lincolnshire coast. The reservoir is located at a depth of approximately subsea. The field was discovered in February 1972. Detailed seismic and appraisal well work were conducted in 1984. The reservoir was estimated to have 235 billion cubic feet of gas in place. Owners The original partners were Ranger Oil (operator, 35.628%), Conoco (31.25%), Elf Oil and Gas (16.46%), Amerada Hess (12.83%), and Triton Resources (3.832%). In December 2010, Ithaca Energy became operator of the Anglia field by acquiring 30% stake in the field from GDF Suez E&P UK. Other partners are First Oil (32.8%), Dana Petroleum 25%, and DEA AG (12.2%). Development The field, at a cost of $120 million, was initially developed in 1991 through the Anglia A Normally Unattended Installation (NUI). The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambo Oil Field
Cambo oil field is a prospective oil and gas field in the North Sea, north west of the Shetland Islands, Scotland. The field is in a deep section of the water, some below the sea level. Development of the field has led to criticism from some green campaign groups stating it goes against the United Kingdom's reduction in carbon emissions. The project has the potential to deliver millions of barrels of oil and over of gas. Development The Cambo oil field was discovered in 2002, and is south west of the Rosebank field, and north of the Schiehallion field. It was named after the village of Cambo in Northumberland, England. It lies north west of the Shetland Islands in the Faroe-Shetland Basin, some below the sea level. Originally identified by Hess, the site was acquired (along with many other West of Shetland licences) by OMV in 2014, later becoming part of the Siccar Point Energy portfolio. Siccar Point Energy developed the project and test drilling in 2018 confirmed a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosebank Oil And Gas Field
The Rosebank oil and gas field lies west of Shetland. It is operated by Equinor; Suncor and Siccar Point Energy. The discovery well was drilled in 2004. A final investment decision for Rosebank is planned to be taken by May 2022. In 2022, Siccar Point Energy has been acquired by Ithaca Energy, a daughter company of Delek Group. Ocean depth is . The discovery well, drilled to , flowed of 37° API light oil from a deposit thick. Exploration and Appraisal Licence P.1026 covering blocks 213/26 and 213/27 was awarded to Texaco North Sea UK Co in the 19th UK offshore licensing round on June 1, 2001. The work program included a commitment to reprocess 3D seismic and to reach a decision on a 'drill or drop' well commitment within three years. In October 2001, Texaco was merged with Chevron who farmed-down its share of the licence to 40% prior to the discovery well, 213/27-1Z, being drilled in 2004. At the time of discovery the other licence owners were Statoil (30%), OMV (20%) and DON ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delek
Delek Group is an Israeli conglomerate and one of Israel's largest companies, Delek Group is involved in the energy and infrastructure, with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsidiaries are also involved in insurance and financial services. Delek Group is listed on the Tel Aviv stock exchange under the ticker symbol, DLEKG, and is a member of the TA-35 Index of leading Israeli companies, as of July 2012 two of the group's subsidiaries are also listed on the TA-35 Index, Avner Oil Exploration LP and Delek Drilling LP. The Delek Group agreed to sell a 52% controlling stake of Phoenix Holding company (insurance and financial undertaking) to the Chinese civilian-run conglomerate Fosun International. History Delek, The Israel Fuel Corporation Ltd, was founded in 1951 In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative Investment Market
AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows companies that are smaller, less-developed, or want/need a more flexible approach to governance to float shares with a more flexible regulatory system than is applicable on the main market. At launch, AIM comprised only 10 companies valued collectively at £82.2 million. As at May 2021, 821 companies comprise the sub-market, with an average market cap of £80 million per listing. AIM has also started to become an international exchange, often due to its low regulatory burden, especially in relation to the US Sarbanes–Oxley Act (though only a quarter of AIM-listed companies would qualify to be listed on a US stock exchange even prior to passage of the Sarbanes–Oxley Act). By December 2005, over 270 foreign companies had been admitted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engie
Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. It is one of the few players in the sector to develop expert skills in both upstream (engineering, purchasing, operation, maintenance) and downstream (waste management, dismantling) activities. Engie supplies electricity in 27 countries in Europe and 48 countries worldwide. The company, formed on 22 July 2008 by the merger of Gaz de France and Suez, traces its origins to the Universal Suez Canal Company founded in 1858 to construct the Suez Canal. As of 2018, Engie employed 158,505 people worldwide with revenues of €60.6 billion. Engie is listed on the Euronext exchanges in Paris and Brussels and is a constituent of the CAC 40 index. Engie was headed from 2016 to 2020 by Isabelle Kocher, who strongly transformed the company, n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Talisman Energy
Talisman Energy Inc. was a Canadian independent petroleum company that existed between 1993 and 2015. The company was created from the assets of BP Canada after British Petroleum divested its 57 percent stake in June 1992. It was one of Canada's largest independent oil and gas companies, and operated globally, with operations in Canada (B.C., Alberta, Ontario, Saskatchewan, Quebec) and the United States of America (Pennsylvania, New York, Texas ) in North America; Colombia, South America; Algeria in North Africa; United Kingdom and Norway in Europe; Indonesia, Malaysia, Vietnam, Papua New Guinea, East Timor and Australia in the Far East; and Kurdistan in the Middle East. Talisman Energy has also built the offshore Beatrice Wind Farm in the North Sea off the coast of Scotland. The company was acquired by Repsol in 2015 and in January 2016 was renamed to Repsol Oil & Gas Canada Inc. The company initially grew quickly through a number of mergers and acquisitions, which reflects i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FTSE 250 Index
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, September, and December. The Index is calculated in real-time and published every minute. Related indices are the FTSE 100 Index (which lists the largest 100 companies), the FTSE 350 Index (which combines the FTSE 100 and 250), the FTSE SmallCap Index and the FTSE All-Share Index (an aggregation of the FTSE 100 Index, the FTSE 250 Index and the FTSE SmallCap Index). Annual returns The following table lists the Total Return of the FTSE 250 index up to 31 December 2021. Constituents The following table lists the FTSE 250 companies after the changes on 19 December 2022. See also *FTSE 100 *FTSE All-Share Index * Fast Track 100 Sunday Times list of the 100 largest private (Non Listed) companies. * Top Track 250 The Sunday Times Top Track ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beatrice Oil Field
The Beatrice Oil Field is a small oilfield consisting of 3 platforms located 24 km off the north east coast of Scotland. It began operations in 1980 with the field finally being decommissioned in 2017. Work is ongoing to begin removing all structures. The 84 turbine Beatrice Offshore Windfarm now sits in the same area and was completed in 2019. History and development of the field Beatrice was the first field to be developed in the Moray Firth area, and at 24 km from the shore that can be seen from the land. Beatrice comprises 4 conventional steel platforms: Beatrice A, and two single satellite platforms B and C. First discovered and developed by Mesa Petroleum, and named after Mesa's founder T. Boone Pickens' wife, it covers an area of around 23 km2. The oil is 2,100 m below the sea bed and about 8,000 tonnes of oil has been produced each day. Operation of the Beatrice oil field was then transferred to Talisman in 1997 until it was leased to Ithaca Energy wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
