Harbour Energy News

 

North Sea Oil Producer Harbour in Merger Talks with Talos - Sources

Jun 07, 2023

Britain's largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said on Tuesday.The move would offer Harbour an opportunity to list in New York…

Offshore Services Firm Stork Wins Long-Term Contract with UK's Harbour Energy

May 29, 2023

Offshore oil and gas services firm Stork has won a five-year contract, plus five one-year extension options with UK-based oil and gas firm Harbour Energy. The contract extends Stork’s asset integrity services in the North Sea on Harbour Energy’s Armada…

Harbour Energy Taps Expro for Balmoral Well Abandonment Project

May 22, 2023

Offshore well services firm Expro said Monday it had won a new contract with oil and gas company Harbour Energy for a well abandonment campaign as part of the decommissioning project for the Balmoral area, in the UK Continental Shelf.The multi-year contract…

Harbour Energy Sticks to Annual Free Cash Flow Outlook

May 10, 2023

Harbour Energy on Wednesday stuck to its $1 billion free cash flow outlook for the year, despite a rise in tax bills, as the British North Sea oil and gas producer benefits from higher prices and more international projects. The Scottish firm said its liquidity was $3…

Harbour Energy, BP to Develop Viking CCS Project. FID Expected in 2024

Apr 11, 2023

UK-based oil and gas company Harbour Energy and oil major BP on Monday said they had agreed to develop the Viking CCS transportation and storage project in the UK.Harbour continues as operator of Viking CCS with a 60%, with BP acquiring a 40% non-operated share…

Historic Offshore Worker Strike in UK North Sea to Bring Dozens of Platforms to Standstill, Unite Says

Apr 07, 2023

UK-based workers' union Unite said on Friday said that an 'unprecedented 48-hour major stoppage' would hit the offshore oil sector later this month, with 1350 offshore workers predicted to bring dozens of platforms to a ‘standstill.’The trade…

Worley Workers on Harbour Energy's UK Offshore Platforms Vote for Strike Action

Mar 27, 2023

UK-based workers' union Unite said Saturday that its Worley Services UK members were the latest group of offshore workers to demand a better deal on jobs, pay, and conditions in the UK Continental Shelf (UKCS).Unite said that a 100% of over 50 workers…

Harbour Energy Boosts Expertise with New Director Appointments

Mar 23, 2023

UK-based oil and gas producer Harbour Energy on Thursday announced the appointment of Belgacem Chariag and Louise Hough as independent Non-Executive Directors. The duo will join the Board on 1 May 2023 and will stand for election by shareholders…

Massive Strike Looms on UKCS as 1400 Offshore Workers Demand Better Deal on Jobs, Pay, and Conditions

Mar 20, 2023

Around 1400 offshore workers employed on the UK Continental Shelf (UKCS) platforms will take strike action in the next weeks, seeking better deal on jobs, pay, and conditions, workers' union Unite said Monday.According to Unite, platforms and…

Harbour Energy Plans Share Buyback after Cashflow Triples, Windfall Tax Weighs

Mar 10, 2023

Harbour Energy, Britain's largest oil and gas producer, said on Thursday it will conduct a $200 million share buyback, after higher oil prices helped free cashflow triple to $2.1 billion but windfall taxes weighed on its profit. After Britain…

As Harbour Energy Plans Job Cuts, OEUK Says Tax Hikes Make UK a Risky Place to Invest

Jan 19, 2023

Offshore Energies UK, a body representing the UK's offshore energy industry, has called for the government to help rebuild investment confidence following tax hikes that have forced the UK's biggest oil and gas producer in the North Sea, to start planning job cuts…

UK North Sea Oil Giant to Cut Jobs Due to Windfall Tax

Jan 18, 2023

The British North Sea's biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax imposed on the sector last year, the company said on Wednesday.The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen…

Report: Shell Held Talks to Sell Norway Business Amid Renewable Energy Push

Jan 10, 2023

Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell…

Natural Gas Exports from Indonesia to Vietnam Targeted for 2026

Dec 23, 2022

Indonesia aims to export natural gas to Vietnam starting in 2026 from the Tuna offshore block located near the Indonesian and Vietnamese maritime border, the country's energy minister said on Friday. Southeast Asia's biggest economy may deliver…

Harbour Energy Reviews Spending, Snubs UK Offshore Bidding Round in Wake of Windfall Tax

Dec 16, 2022

Britain's recent increase in a windfall tax on the oil and gas sector has pushed Harbour, the UK North Sea's biggest oil and gas producer, to review its capital allocation plans and shun an ongoing licensing round in the basin.Britain's first…

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