Ithaca Energy Boosts Production Guidance After Strong First Half

Ithaca Energy, one of the biggest independent oil and gas companies in the UK North Sea, raised its 2025 production guidance for the second time this year, on the back of a strong first-half performance. Following average production of 123,600 barrels of oil equivalent per day (boe/d) for the first half of the year, Ithaca Energy on Wednesday upgraded its full-year production range to 119,000–125,000 boe/d from 109,000-119,000 boe/d previously expected. Ithaca Energy has more than doubled its oil and gas production and became the largest…