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UK's Ithaca Energy buys 50% stake in Tobermory gas from Shell UK

Ithaca Energy’s 50% acquisition in Tobermory boosts UK energy security and job creation, solidifying its strategic partnership with Shell in the West of Shetland basin.

Summary by Reuters
North Sea oil and gas company Ithaca Energy announced on Wednesday an agreement with oil major Shell UK to buy a 50% interest in Tobermory gas discovery, located in the West of Shetland basin, offshore Scotland.

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tipranks.com broke the news in on Wednesday, November 19, 2025.
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