Ithaca Energy, the North Sea focused oil and gas company, has looked across the Channel for an engineer to build the sub-sea structures at its Greater Stella Area gas project.
The French engineering giant, Technip, has won the $230m contract, of which Ithaca must pay $126m as the majority owner of the licence..
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Oil price stays steady as tensions in Middle East boils overOil prices surged after Israel's attack on Iran, but the global market for the commodity is forecast to remain well-supplied until 2030
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Israel attacks Iran – will the US join the conflict?Opinion The two countries have been exchanging fire since Israel launched air strikes against Iranian nuclear facilities and infrastructure on Friday 13 June. But without US involvement, it may only have created a “wounded big beast”
