Italy’s Eni (BIT:ENI) is offering to sell its Krueng Mane Block offshore Aceh in Indonesia to London-listed Harbour Energy (LON:HBR), reported Indonesian upstream regulator SKK Migas. Significantly, the potential acquisition seems logical given that Harbour’s recent exploration success could trigger a new development area in the region.
UK-listed Harbour Energy (LON:HBR) has announced initial success at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin. Significantly, the initial result bodes well for the frontier area and could open up more petroleum plays, which are thought to be gas prone.
Oil majors Shell, BP, TotalEnergies and independent Harbour Energy are nearing a concept selection for electrification of several North Sea platforms.
Billions of pounds were wiped off the FTSE 100 on Tuesday as a major drop in commodity prices hit some of the index's biggest companies.
Harbour Energy (LON: HBR) has issued a letter to Chancellor Rishi Sunak, it has been reported, slamming the “seriously flawed” windfall tax.
Harbour Energy (LON: HBR) has launched a $200m share buyback scheme, a move which could boost investor confidence following a windfall tax hit last month.
Over a third of the UK’s carbon emissions are generated by the 80 percent of domestic homes currently using natural gas for heating and cooking.
Harbour Energy has submitted an environmental statement for its proposed Talbot subsea development, with a view to reaching first oil in Q3 2024.
An American credit rating agency has named Ithaca Energy as the operator likely to be hit hardest by the UK Government’s oil and gas windfall tax.
Researchers have set out the near-term impact on North Sea players from the windfall tax, while EnQuest reportedly is looking elsewhere to invest.
Harbour Energy’s chief executive Linda Cook said carbon capture and storage (CCS) offers greater impact for reaching net zero goals, as the regulator announces plans for its first carbon storage licensing round.
Harbour Energy chief executive Linda Cook joined industry heads in calling for a “stable” tax environment, and warned of the potential consequences for future North Sea investment should a windfall levy be imposed.
Harbour Energy and Eni are set to invest more than £8 billion in the UK over the next four years, as the sector continues to bat away calls for a windfall tax on energy profits.
The industry trade body has hit back at a series of unofficial strikes taking place in the North Sea.
Harbour Energy is pushing ahead with an “active rig programme”, with plans to drill over 20 development and infill wells in 2022.
North Sea firm Orcadian Energy has shared its electrification blueprint for axing operational oil and gas emissions by up to 80%.
A leader from the Ukraine energy sector will deliver an address at a major North Sea industry conference in Aberdeen this month.
Production is underway at Harbour Energy’s Tolmount field, a source close to the company has confirmed.
Harbour Energy is getting a “clean exit” from the Sea Lion project in the Falklands as Navitas Petroleum farms in.
The chief executive of Harbour Energy and the head of the recently-rebranded North Sea Transition Authority will headline a major industry conference next month.
The North Sea’s new class of operators could be poised to further strengthen their dominance in the basin with several major assets expected to hit the market.
Harbour Energy (LON:HBR) is on track to start high impact exploration drilling in its Andaman II PSC offshore Indonesia in the second quarter this year. The news adds to the excitement in Indonesia as other companies, including BP (LON:BP), look set to probe the archipelago’s deep waters, following recent fiscal and regulatory enhancements.
Shell has unveiled new plans in a bid to get its rejected Jackdaw gas field in the North Sea back on track.
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.
Boris Johnson has hosted the leaders of the UK oil and gas industry at Downing Street to discuss how to achieve “greater energy independence” for Britain.