The CEO of a North Sea gas company has said his team was “days away” from issuing key contracts when Labour’s promise of a “proper windfall tax” sparked job cuts.
Hartshead Resources (ASX:HHR) has announced a deal for a 'financing backstop' worth A$800 million (£415m) to progress the first phase of the Anning and Somerville developments in the North Sea
Hartshead Resources says survey work has been completed on the route of a proposed gas pipeline for its southern North Sea development, with engineering work to be awarded next year.
Australia’s Hartshead Resources (ASX:HHR) has appointed a new advisory firm, and extended a contract with another, as it seeks to raise funds for its flagship UK project.
With a field development plan submitted, Hartshead Resources is tendering for millions of pounds of drilling and stimulation contracts at its Anning and Somerville fields.
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
Petrofac (LON:PFC) has secured an award from Hartshead Resources to conduct an engineering study of offtake routes for the Somerville and Anning gas field developments.
Hartshead Resources (ASX:HHR) will carry out a joint engineering study with Shell and Petrofac, examining the potential to tie-in its proposed Phase I gas field development to the supermajor’s southern North Sea infrastructure.