Valaris has extended a contract with TotalEnergies, in the UK North Sea, for the Valaris Stavanger. It has also given some more time to Harbour Energy, while scrapping three ageing rigs in the US.
Following its acquisition of Wintershall Dea, Harbour Energy (LON: HBR) found that not all global regions have the same safety standards as their own North Sea assets.
Aberdeen-based EnQuest (LON: ENQ) has acquired Harbour Energy's (LON: HBR) Vietnam business as part of a $84 million deal to "grow its international operating footprint".
Harbour Energy's new international assets will "outweigh the rundown" of its UK portfolio following its Wintershall DEA buyout, according to an analyst.
Harbour Energy has revealed plans to offer three tenders to create infrastructure for its Viking carbon capture and storage (CCS) project, according to data from the regulator.
UK oil and gas company Harbour Energy (LON: HBR) expects to complete the acquisition of German firm Wintershall Dea’s asset portfolio in early September.
The policy brains behind the UK’s carbon capture, utilisation and storage (CCUS) clusters have hailed progress towards ambitions to make Great Britain a world leader in the technology despite deep concerns about delays in the projects.
Harbour Energy (LON: HBR) has revealed earnings of $1.2 billion in the first half of 2024 as it progresses with its Wintershall Dea acquisition takeover.
The Scottish government has announced £2 million in funding for the Acorn carbon capture and storage (CCS) project centred on the St Fergus gas terminal.
Independent North Sea operator Harbour Energy said its planned takeover of German rival Wintershall Dea is "on track" for completion in the fourth quarter of this year.
Saudi Aramco ditched around one third of its jackups this week in a sign that the oil-rich state is demonstration of a move away from some of its grandiose visions. The market remains tight, with South East Asia likely to provide a home for spare capacity. Whether the North Sea, beset by windfall tax woes, can secure some of these newly idle jackups remains to be seen.