Harbour Energy (LON: HBR) has completed drilling of the Tolmount East project ahead of first gas expected later this year.
Updates were given on Talbot, Leverett, Tolmount East, Earn and Jocelyn South.
Tolmount duty holder ODE Asset Management has been warned by the UK’s safety regulator after it found its procedures for handling fire and explosion risks lacking.
Harbour Energy (LON:HBR) reported strong nine-month performance in 2022 as production rose by more than a quarter, but again took aim at the impact of the UK’s windfall tax measures.
A detailed timeline of the events that delayed the start-up of Harbour Energy’s (LON:HBR) Tolmount gas field has been published.
Dana Petroleum is set to replace chief executive Jongwoo Kim, who will return to the company’s state-backed parent group.
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
Harbour Energy is pushing ahead with an “active rig programme”, with plans to drill over 20 development and infill wells in 2022.
Production is underway at Harbour Energy’s Tolmount field, a source close to the company has confirmed.
Harbour Energy has outlined a clutch of projects expected to get underway in the North Sea this year, including new wells at the J-Area and Catcher field.
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.
Dana Petroleum took a £45 million write down after its shock exit from the Platypus development in the North Sea.
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.
With Covid deferrals in 2020 having hit hard, 2021 was expected to herald the start-up of 10 new oil and gas fields in the UK North Sea.
Investigations are ongoing into a series of oil and gas releases at Harbour Energy’s problem plagued Tolmount project.
Harbour Energy has returned to profits and is predicting a boost to its North Sea production as drilling campaigns get underway.
Harbour Energy has warned that first gas from the Tolmount field in the UK southern North Sea will be delayed after equipment glitches were uncovered.
Harbour Energy has confirmed that its Tolmount development is on course to start up production at the end of next month.
A fire on board and other equipment failures cut production at the Premier Oil Catcher FPSO by nearly a quarter last year.
Premier Oil has pushed back the timeline for sanctioning its Tolmount East development in the North Sea.
KNOC is planning to sell 10% of subsidiary Dana Petroleum’s stake in the Tolmount project in the North Sea.
Unplanned outages and impairments took a £100 million bite out of Korean-owned Dana Petroleum’s profits last year, new documents show.
Premier Oil is in "final negotiations" with contractors ahead of an investment decision being made on the proposed Tolmount East development.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.