British Ithaca Energy plc and Italian Eni are Considering a Merger
Leading independent oil and gas operator in the UK North Sea, Ithaca Energy, today announced it has entered into an exclusivity agreement for a potential transformational combination with substantially all of Eni S.p.A.’s upstream assets in the UK, including the recently acquired assets of Neptune Energy. The exception will be …
BP Begins Production at the Seagull Oil and Gas Field in the North Sea
British BP Plc has begun production at the Seagull oil and gas field in the British part of the North Sea, the company said in a press release. BP’s partners in this project are Neptune Energy and the Japanese JAPEX. The field, which was developed by Neptune Energy, is connected …
Eni is in Closed Talks to buy Neptune Energy
Italian energy company Eni is in closed talks to acquire Neptune Energies, an oil and gas company, in a deal worth between $5 billion and $6 billion, Reuters reported citing its own sources. Italian energy giant Eni has entered into exclusive talks to acquire privately-backed gas and oil producer Neptune …