Ithaca warns of investment halt if Rosebank field is blocked
UKPulse Money Desk
North Sea oil producer Ithaca has indicated it may halt future projects in Britain if the near-$4bn Rosebank field, delayed by environmental concerns, is not approved.
- Ithaca, a new FTSE 100 company, has issued a warning regarding future investment.
- The company links approval of the Rosebank field to its future projects in Britain.
- The Rosebank field, valued at nearly $4bn, has faced delays due to environmental concerns.
Ithaca, a North Sea oil producer and recent addition to the FTSE 100, has warned that it may halt investment in future projects in Britain. The company's stance is reportedly linked to the approval of the Rosebank field, which is valued at nearly $4bn.
The Rosebank project has experienced delays due to environmental concerns.