North Sea M&A deals ‘dominated by large production portfolios’
There's a hotting-up M&A market in the UK North Sea, including some of the largest players like Harbour Energy. We take a look at where deals are being made.
Harbour Energy
‘Exactly what Harbour Energy needs’: Talos deal would set merged firm up for growth
A deal makes sense for both Harbour and Talos Energy.
Harbour Energy in merger talks with the Gulf of Mexico’s Talos Energy
Following its announcement that it would scale back UK spending, Harbour Energy (LON: HBR) has been reported to be in merger talks with the US Talos Energy (NYSE: TALO).
Ithaca Energy ready to summit K2 exploration target
Ithaca Energy (LON: ITH) is about to begin drilling an exploration well at the K2 prospect in the Central North Sea.
Who have been the UK North Sea exploration standouts?
New data has highlighted the “standout” firms carrying out exploration in the UK North Sea in recent years.
Stork lands five-year contract with Harbour Energy
Stork has five-year asset integrity contract extension with Harbour Energy (LON: HBR).
Harbour awards $20 million contract to Expro for Balmoral abandonment
Harbour Energy has awarded a contract worth more than $20 million (£16.08m) to the energy services firm, Expro, for decommissioning work in the UK North Sea's Balmoral area.
Fire system malfunction on Harbour’s Solan sparks North Sea safety alert
A faulty switch on board the Harbour Energy Solan platform led to the release of 400kg of fire suppressant gas.
Harbour delivers ‘strong first quarter’ ahead of AGM today
Harbour Energy (LON: HBR) has turned in a “strong first quarter”, according to chief executive Linda Cook, with the firm on track to meet full-year guidance on hydrocarbon production.
UK CCS projects in race to secure limited funds, warns Harbour Energy boss
Harbour Energy is upbeat about the ability of oil and gas workers to move into CCS though, hailing it as the “only new business” that uses the exact same “expertise and competence”.
Valaris lands North Sea rig deals with Harbour and NEO Energy
Valaris (NYSE: VAL) has landed a pair of North Sea rig deals with operators Harbour Energy (LON: HBR) and NEO Energy.
1,300 North Sea workers launch strikes in ‘biggest offshore stoppage in a generation’
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.
Harbour rises through ranks of UK’s top production hubs
TotalEnergies retained its top spot for the most productive UK hubs in 2022, but Harbour Energy surged to overtake rivals in new data collated by Dundas Consultants.
Oil giants Harbour and BP agree to develop Viking CCS project
Under the terms of the agreement, Harbour will continue as operator of Viking with a 60% stake, with BP acquiring a 40% non-operated share.
Harbour slashes decom spend by up to $100m per year due to EPL
Harbour Energy has confirmed it plans to “re-phase” up to $100 million per year of decommissioning spend in the wake of the windfall tax.
Harbour Energy confirms 350 jobs to be cut, blaming windfall tax
Harbour Energy (LON: HBR) has confirmed it is cutting 350 onshore jobs, claiming the windfall tax is the reason behind the decision.
Windfall Tax: Equinor and Harbour Energy exit Bressay oilfield in UK
Equinor (OSLO: EQNR) and Harbour Energy (LON: HBR) have exited their stakes in the Bressay oilfield due to the windfall tax.
North Sea firms ‘disappointed’ over lack of windfall tax concessions
Oil and gas representatives hailed government commitments to energy security and CCS but hit out over the lack of any let up in windfall taxes amid Thursday’s energy policy blitz.
Regulators greenlight plans for Harbour’s Talbot development
Harbour Energy (LON:HBR) has received approval to proceed with its 18 million barrel Talbot development in the North Sea, with production due online in late 2024.
Dozens of Worley workers go for strikes on Harbour Energy platforms
Dozens of workers for energy services giant Worley (ASX: WOR) have voted for strikes on Harbour Energy (LON: HBR) North Sea platforms.
Harbour Energy appoints two new independent non-execs
London-listed oil giant Harbour Energy (LON: HBR) has announced the appointment of two independent non-executive directors.
Further Sparrows strikes set to impact dozens of North Sea platforms
Around 200 offshore workers employed by contactor Sparrows Group are set to strike in an escalating row over pay, terms and conditions.
Energy economist accuses Harbour of ‘fancy accounting’ to get headlines
In a Twitter thread, Greg Muttitt, who works for IISD Energy, accused the North Sea’s biggest producer of counting “all of its windfall tax payments for the next 5 years into this year's accounts”.
Harbour Energy targets fresh exploration and production in North Sea
Updates were given on Talbot, Leverett, Tolmount East, Earn and Jocelyn South.
Harbour Energy eyes $40 million savings per year from Aberdeen job cuts
Harbour Energy CEO Linda Cook talks job cuts, EPL and whether the firm would move its listing out of London.