Ithaca Energy
London-based oil and gas producer. On October 5, 2026 it agreed to buy Suncor's stakes in Terra Nova, White Rose and West White Rose off Newfoundland, its first acquisition outside the UK, taking the operated Terra Nova interest and the field's well compliance and abandonment liabilities.
Record verified against agent research 2026-10-22 as of 2026-10-20 (Reuters via BOE Report). Tracked since 2026-10.
Coverage 2
Chair warns UK investment will likely stop without Rosebank approval
Chair Yaniv Friedman told the Financial Times Ithaca will likely halt further UK investment if the government does not approve Rosebank, in which it holds 20 percent alongside Adura, the Equinor and Shell joint venture. Britain's energy minister said a Rosebank decision "will take a little longer" than Jackdaw's.
Agrees to buy Suncor's Terra Nova and White Rose stakes
Ithaca agreed to buy Suncor's 48 percent operated Terra Nova interest and its White Rose and West White Rose stakes for C$1.2 billion upfront plus up to C$350 million, assuming a C$500 million Terra Nova well compliance program and C$1.4 billion of abandonment and lease liabilities. Closing is expected in early 2027.