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Posts Tagged ‘Ithaca Energy’

JL Daeschler informs us that Equinor may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved.

Rosebank and Jackdaw are operated by Adura, an Equinor-Shell joint venture. Much of the infrastructure for Jackaw is already in place, and gas production could begin this winter when it may be badly needed. Production at Rosebank, which is primarily an oil field, could begin in the first half of 2027.

BBC quotes Equinor chief Anders Opedal:

“The question will be: is the UK investable in the future? I hope it will not come to that.”

“It’s a political choice.The North Sea oil and gas industry started on the UK side. We learned from the UK and it’s actually the same geology on both sides of the border – several fields actually cross it.”

Ithaca Energy is a 20% Rosebank owner. Ithaca has an Israel connection which has further incited project opponents. (Which do left-wing activists hate more – oil or Israel?)

Sadly, as JL laments, the UK is reaping what it has sown. Approval of Rosebank and Jackdaw is a small but important step toward energy sanity.

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Is this a new low for the UK’s anti-oil mob? See this BBC article shared by JL Daeschler.

Campaigners against Rosebank, Britain’s largest untapped oil field, have told the UK government that approving the project would risk breaching international law.

They say profits would flow in part to the Israeli oil and gas company Delek Group, which the UN human rights commissioner accuses of “supporting the maintenance and existence” of illegal settlements in the West Bank.

Note that Delek is not a Rosebank partner, but is the majority shareholder in a 20% Rosebank partner, Ithaca Energy. The 80% owner and project operator is Equinor, which is 2/3 owned by the Norwegian govt. Apparently, neither Equinor nor Norway are troubled by Ithaca Energy’s 20% Rosebank share. (There is no indication that the BBC contacted Equinor prior to publishing the article.)

The most sensible quote in the article is from the govt of Israel which dismissed the accusations as “absurd and distorted.”

Which do left-wing activists hate more – oil or Israel?

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