Ithaca Energy completed the acquisition of Siccar Point Energy for $1.46bn.

Ithaca Energy, an oil and gas operator, completed the acquisition of Siccar Point Energy, an oil and gas company, for $1.46bn. "We are proud of what Siccar Point Energy has achieved as a result of the dedication of our team and support of our sponsors, Blackstone and Bluewater, and combining our business with Ithaca Energy is a natural step to take the portfolio through the next stage of organic growth. Ithaca is extremely well placed, given its material production base, to pick up the baton and unlock the significant growth opportunities in the Siccar Point portfolio. This will ensure the UK continues to deliver reliable UK oil and gas production for powering homes and businesses and manufacturing essential products and maintaining energy security during the planned energy transition. We look forward to working with the Ithaca Energy team to support the integration of the businesses," Jonathan Roger, Siccar Point Energy CEO.