Harbour eyes ยฃ1.3bn cash boom from oil price hike
Harbour Energy posted pre-tax profits of $315 million (ยฃ239m) for full-year 2021, and expects a windfall of up to ยฃ1.3bn in free cashflow by the end of the year as higher commodity price prevail.
Harbour Energy posted pre-tax profits of $315 million (ยฃ239m) for full-year 2021, and expects a windfall of up to ยฃ1.3bn in free cashflow by the end of the year as higher commodity price prevail.
โMore energy and less emissionsโ is how TotalEnergiesโ North Sea boss summarises the companyโs 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 โmarginal accumulationsโ were found at the prospect.
The Europe chief executive of Harbour Energy has told investors that the Dunnottar exploration project is a โa well to watchโ.
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 โnot doing enoughโ to fight climate change, according to the UK Governmentโs 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 ยฃ430billion, 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. Thatโs how Chrysaor chief executive Phil Kirk views the heated debate about the oil and gas sectorโs 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 โtop of the listโ for new workers coming into the business from ConocoPhillips, according to Chrysaorโs chief executive.
Chrysaor has announced the completion of its mammoth ยฃ2billion purchase of ConocoPhillipsโ North Sea assets.
North Sea operator Chrysaor has made a large profit in its first full year since its ยฃ3billion mega deal with Shell.
US oil firm ConocoPhillips has agreed a ยฃ2billion deal to sell its North Sea assets to Chrysaor.
World-class discoveries made in the UK North Sea in recent months have โturned headsโ of investors, according to the chief executive of Chrysaor.
Much has been made in the press and on social media of Phil Kirk of Chrysaorโs comments at Safety 30 in Aberdeen that โlawyers need to get lostโ for proper collaboration and safety advances to happen in the oil and gas industry.
Chrysaor chief executive Phil Kirk admits it is โspookyโ that his 10-year-old can recite the companyโs core values.
The boss of oil firm Chrysaor has said he is โmore than cautiously optimisticโ about the North Seaโs 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.
Chrysaorโs chief executive said today that the acquisition of ยฃ3billion 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.