By Kathleen Gammack, Westwood Global Energy Group senior rig market analyst
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The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand.
North Sea operator Hartshead Resources (ASX:HHR) estimates it now holds more than a trillion cubic feet of gas reserves following the 33rd Licensing Round.
Australian firm Hartshead Resources (ASX:HHR) is continuing work on its North Sea developments despite ongoing fiscal uncertainty surrounding the windfall tax.
Australia-listed North Sea operator Hartshead Resources (ASX:HHR) has been placed into a trading halt at the company's request, pending an announcement.
The CEO of a North Sea gas company has said his team was “days away” from issuing key contracts when Labour’s promise of a “proper windfall tax” sparked job cuts.
Hartshead Resources (ASX:HHR) has announced a deal for a 'financing backstop' worth A$800 million (£415m) to progress the first phase of the Anning and Somerville developments in the North Sea
Hartshead Resources says survey work has been completed on the route of a proposed gas pipeline for its southern North Sea development, with engineering work to be awarded next year.
Australia’s Hartshead Resources (ASX:HHR) has appointed a new advisory firm, and extended a contract with another, as it seeks to raise funds for its flagship UK project.
With a field development plan submitted, Hartshead Resources is tendering for millions of pounds of drilling and stimulation contracts at its Anning and Somerville fields.
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.