Ithaca Energy is a North Sea oil and gas producer advancing through a volatile UK energy policy and market landscape.
Government sources say Jackdaw and Rosebank will likely receive environmental approvals soon, with Energy Secretary Fahnbulleh expected to announce decisions in coming weeks. Campaigners warn these projects clash with climate goals, while industry argues they secure energy security and thousands of jobs.
BP has announced it is marketing its North Sea business for sale as part of a portfolio simplification. The unit comprises five hubs and about 1,100 staff. The move follows political and policy debates on North Sea drilling and energy funding, with potential proceeds around £2 billion. BP is seeking an owner to back the next chapter of a Slimmed-down BP while focusing on higher-value opportunities.
The London market sees notable shifts as easyJet joins the FTSE 100 after a private equity bid boosts valuations, while easyJet's removal from the index could signal broader capital outflows. Bodycote is taken private by Veritas, and Gamma Communications along with Capricorn face delisting, reflecting a wave of deals that remove firms from London’s public markets.