Ithaca Energy Stock News

Ithaca Energy PLC (LSE:ITH) shares rose more than 5% and Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF) jumped as much as 16% after the UK government approved development of Shell's Jackdaw gasfield in the North Sea. Ithaca reached 308.6p from a previous close of 293.2p before trading near 304p, while Jersey Oil and Gas climbed to an intraday high of 137.7p from Monday's 118.5p close before easing...

Ithaca Energy PLC (LSE:ITH) has begun searching for a successor to chief executive Luciano Vasques, who plans to retire by 31 March 2027. The announcement, published on 16 October, did not name a replacement for the departing chief.

Ithaca Energy CEO Luciano Vasques to step down

Ithaca Energy PLC (LSE:ITH) shares rose more than 3% to an intraday high of 284.4p on Monday after Peel Hunt backed the oil and gas producer's US$860 million acquisition of offshore Canadian assets from Suncor. Peel Hunt, which has a 'buy' rating and a 280p target price, described the deal as a material transaction that increases reserves and medium-term production while broadening Ithaca's geo...

Ithaca Energy PLC (LSE:ITH) has announced a US$860 million deal to acquire Suncor Energy's offshore Canadian oil assets, to lift the firm's medium-term production outlook to 140,000-150,000 barrels of oil equivalent per day. The acquisition covers a 48% operated interest in Terra Nova and stakes of 40% and 38.6% respectively in the White Rose Existing and Growth Lands off Newfoundland and Labra...

The company said the deal adds scale and diversification in an offshore operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook.

Ithaca Energy PLC (LSE:ITH) has gained a new supporter in Shore Capital, which began coverage of the oil and gas producer with a "buy" rating and a 340p price target, implying about 20% upside. The broker's initiation follows Ithaca's promotion to the FTSE 100 on 21 September.

Ithaca Energy PLC (LSE:ITH) will join the FTSE 100 later this month, marking another milestone in the North Sea producer's expansion following a series of acquisitions including its combination with Eni UK. The company confirmed its promotion to London's blue-chip index will take effect on 21 September 2026, following FTSE Russell's latest review.