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.
“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.
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.
Harbour Energy is to assess the commerciality of the Dunnottar project after “marginal accumulations” were found at the prospect.
The Europe chief executive of Harbour Energy has told investors that the Dunnottar exploration project is a “a well to watch”.
The Oil and Gas Authority (OGA) has granted Harbour Energy (LON:HBR) a carbon capture and storage (CCS) licence for its V Net Zero project in the Humber.
The oil and gas industry is “not doing enough” to fight climate change, according to the UK Government’s top adviser on the issue.
The 1990s were a brutal time in the North Sea, with the oil & gas industry largely pre-occupied with trying to recover from the 1986 global price crash and culminating with the second crash, the slide for which began in 1997 and bottomed out late 1998/early 1999.
A Scottish court has given the green light to the merger of UK operators Chrysaor and Premier Oil.
Chrysaor and Premier Oil have issued their last sets of separate financial results ahead of completing their merger at the end of the month.
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
Too many opinions, not enough facts. That’s how Chrysaor chief executive Phil Kirk views the heated debate about the oil and gas sector’s role in the energy transition.
Chrysaor has confirmed it is hoping to sanction a new North Sea project next year.
Changes to offshore rotas are “top of the list” for new workers coming into the business from ConocoPhillips, according to Chrysaor’s chief executive.
Chrysaor has announced the completion of its mammoth £2billion purchase of ConocoPhillips’ North Sea assets.
North Sea operator Chrysaor has made a large profit in its first full year since its £3billion mega deal with Shell.
US oil firm ConocoPhillips has agreed a £2billion deal to sell its North Sea assets to Chrysaor.
World-class discoveries made in the UK North Sea in recent months have “turned heads” of investors, according to the chief executive of Chrysaor.
Much has been made in the press and on social media of Phil Kirk of Chrysaor’s comments at Safety 30 in Aberdeen that “lawyers need to get lost” for proper collaboration and safety advances to happen in the oil and gas industry.
Chrysaor chief executive Phil Kirk admits it is “spooky” that his 10-year-old can recite the company’s core values.
The boss of oil firm Chrysaor has said he is “more than cautiously optimistic” about the North Sea’s future after completing a deal for a package of assets from Shell.
North Sea independent Chrysaor has agreed terms to become the third and biggest tenant in The Capitol office development in Union Street, Aberdeen.
Chrysaor’s chief executive said today that the acquisition of £3billion worth of North Sea assets from Shell could be just a start for the company he founded.
There is no simple panacea for solving rock bottom levels of exploration in the North Sea, according to industry veteran Phil Kirk.