North Sea giant Harbour Energy sanctions two new projects as profits surge
Harbour Energy (LON: HBR) has sanctioned two new oil and gas projects in the North Sea as its profits swell.
Harbour Energy (LON: HBR) has sanctioned two new oil and gas projects in the North Sea as its profits swell.
GMVi has launched new well-risk analysis software for North Sea operators that could keep wells safe and boost production value by up to $500 million a year.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
NEO Energy has filed an environmental statement for its plans to reconnect wells at Affleck field as part of a proposed redevelopment.
Spain’s Repsol has started drilling the much-anticipated Rencong-1X wildcat in the frontier deepwaters of Indonesia’s North Sumatra basin in the Andaman III Block.
UK business secretary Kwasi Kwarteng will meet with North Sea oil and gas producers today to discuss the government’s windfall tax.
Energy giant BP has confirmed plans to fund a new gas pipeline at the Sullom Voe terminal.
The UK will lead the way on the number of major subsea projects coming globally over the next five years, according to new analysis.
Italy’s Eni (BIT:ENI) is offering to sell its Krueng Mane Block offshore Aceh in Indonesia to London-listed Harbour Energy (LON:HBR), reported Indonesian upstream regulator SKK Migas. Significantly, the potential acquisition seems logical given that Harbour’s recent exploration success could trigger a new development area in the region.
UK-listed Harbour Energy (LON:HBR) has announced initial success at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin. Significantly, the initial result bodes well for the frontier area and could open up more petroleum plays, which are thought to be gas prone.
Oil majors Shell, BP, TotalEnergies and independent Harbour Energy are nearing a concept selection for electrification of several North Sea platforms.
Billions of pounds were wiped off the FTSE 100 on Tuesday as a major drop in commodity prices hit some of the index's biggest companies.
Harbour Energy (LON: HBR) has issued a letter to Chancellor Rishi Sunak, it has been reported, slamming the “seriously flawed” windfall tax.
Harbour Energy (LON: HBR) has launched a $200m share buyback scheme, a move which could boost investor confidence following a windfall tax hit last month.
Over a third of the UK’s carbon emissions are generated by the 80 percent of domestic homes currently using natural gas for heating and cooking.
Harbour Energy has submitted an environmental statement for its proposed Talbot subsea development, with a view to reaching first oil in Q3 2024.
An American credit rating agency has named Ithaca Energy as the operator likely to be hit hardest by the UK Government’s oil and gas windfall tax.
Researchers have set out the near-term impact on North Sea players from the windfall tax, while EnQuest reportedly is looking elsewhere to invest.
Harbour Energy’s chief executive Linda Cook said carbon capture and storage (CCS) offers greater impact for reaching net zero goals, as the regulator announces plans for its first carbon storage licensing round.
Harbour Energy chief executive Linda Cook joined industry heads in calling for a “stable” tax environment, and warned of the potential consequences for future North Sea investment should a windfall levy be imposed.
Harbour Energy and Eni are set to invest more than £8 billion in the UK over the next four years, as the sector continues to bat away calls for a windfall tax on energy profits.
The industry trade body has hit back at a series of unofficial strikes taking place in the North Sea.
Harbour Energy is pushing ahead with an “active rig programme”, with plans to drill over 20 development and infill wells in 2022.
North Sea firm Orcadian Energy has shared its electrification blueprint for axing operational oil and gas emissions by up to 80%.
A leader from the Ukraine energy sector will deliver an address at a major North Sea industry conference in Aberdeen this month.