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Ithaca profits surge as oil price rally boosts North Sea plans
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Ithaca profits surge as oil price rally boosts North Sea plans
Ithaca Energy has reported a sharp rise in profits for 2025, while saying it could take a final investment decision on the controversial Cambo field within months as higher oil prices strengthen the case for new North Sea development. The Aberdeen-based producer, majority-owned by Tel Aviv-listed Delek Group, said it is on track to make a final decision on Cambo within 12 months after submitting an updated field development plan in the first qua…
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