Navitas farms in to 250 million-barrel Sea Lion project as Harbour Energy exits
Harbour Energy is getting a “clean exit” from the Sea Lion project in the Falklands as Navitas Petroleum farms in.
Harbour Energy is getting a “clean exit” from the Sea Lion project in the Falklands as Navitas Petroleum farms in.
The chief executive of Harbour Energy and the head of the recently-rebranded North Sea Transition Authority will headline a major industry conference next month.
The North Sea’s new class of operators could be poised to further strengthen their dominance in the basin with several major assets expected to hit the market.
Harbour Energy (LON:HBR) is on track to start high impact exploration drilling in its Andaman II PSC offshore Indonesia in the second quarter this year. The news adds to the excitement in Indonesia as other companies, including BP (LON:BP), look set to probe the archipelago’s deep waters, following recent fiscal and regulatory enhancements.
Shell has unveiled new plans in a bid to get its rejected Jackdaw gas field in the North Sea back on track.
Harbour Energy posted pre-tax profits of $315 million (£239m) for full-year 2021, and expects a windfall of up to £1.3bn in free cashflow by the end of the year as higher commodity price prevail.
Boris Johnson has hosted the leaders of the UK oil and gas industry at Downing Street to discuss how to achieve “greater energy independence” for Britain.
Dozens of flights going to and from North Sea oil and gas installations have been impacted as Storm Eunice hits the region.
Energy Voice’s latest monthly supplement has been published with The Press & Journal.
“More energy and less emissions” is how TotalEnergies’ North Sea boss summarises the company’s strategy for the coming years. And that, broadly speaking, is reflected across the plans of others too.
Upstream oil and gas exploration activities in the North Natuna Sea will continue despite persistent protests from China, Indonesia’s upstream oil and gas regulator SKK Migas said.
Phil Kirk, Europe chief executive of Harbour Energy (LON: HBR), and founder of its predecessor Chrysaor, will step down at the end of this month.
Westwood Global Energy reports that as of 24 January there were two exploration wells active in the UK.
A leading union chief says a collision between an oil rig and a supply vessel in the North Sea is the result of “commercial pressure” on safety.
A collaborative model for trialing new technologies has been deemed a success by a trio of major operators, as the sector races to drive down the costs of well decommissioning.
Christopher Langrill, Tenaris Commercial Director in the UK, looks back on 2021 and shares how Tenaris has consolidated its position in the region while looking to advance the energy transition.
Harbour Energy is to assess the commerciality of the Dunnottar project after “marginal accumulations” were found at the prospect.
North Sea operators will deliver 'near-record' cash margins in 2022, according to Wood Mackenzie, amid higher oil and gas prices and following 'brutal' cuts of previous downturns.
Westwood Global Energy reports that as of 16 December there was one appraisal well and three exploration wells active in the UK. Completions to date in 2021 are two appraisal wells at 22/26d-3 Glengorm South and 30/13e-12, 12Z Talbot and three exploration wells at 22/6c-B4Z Bacchus South, 16/2a-6 Tiger Lily and 22/1b-12, 12Z, 12Y Fotla.
Spain’s Repsol (BME:REP) is again delaying the drilling of the much anticipated Rencong-1X deep-water wildcat exploration well in the Andaman III Block in the North Sumatra basin offshore Indonesia.
Harbour Energy (LON:HBR) is targeting final investment approval to develop its Tuna Block offshore Indonesia in 1H 2023 with first production planned in 2026 following successful appraisal drilling in the Natuna Sea.
UK-listed Harbour Energy (LON:HBR) said it is on track to probe the deep waters of Indonesia’s North Sumatra basin in its Andaman II production-sharing contract (PSC) with drilling set to start around March-April 2022. Significantly, the company has already identified potential commercialisation paths with first gas eyed by 2026, as well as options for carbon capture and storage (CCS).
The Europe chief executive of Harbour Energy has told investors that the Dunnottar exploration project is a “a well to watch”.
North Sea operator Harbour Energy expects the start-up of its delayed Tolmount project in Q1 2022 and downgrades field reserves, as it lays out plans for a £150million annual dividend policy.
Harbour Energy, Rockhopper Exploration and Navitas Petroleum have signed a heads of terms agreement for the Sea Lion field, paving the way for Harbour’s exit of the Falklands and for Navitas to complete its farm-in.