Company
Harbour Energy PLC
LON:HBR
Harbour Energy is the largest UK listed independent oil and gas company formed through an all-share merger between Chrysaor and Premier Oil. The company's aim is to deliver value in a responsible manner for all stakeholders in accordance with global standards, ensured by strong corporate governance, and to be Net Zero by 2035.
73 stories
Opinion: North Sea oil will make climate goals more costly
North Sea oil could make reaching climate goals more costly, as the UK takes from climate targets and gives — not to the poor — but to profiteering oil companies
North Sea decommissioning to provide billions for UK supply chain – report
Some £2 billion a year will need to spent over the next decade on decommissioning projects in the North Sea, a report found
Carbon storage under the North Sea - what's all the fuss?
Carbon capture is increasingly becoming key in the UK's net zero strategy, but how does it work?
Government backs further North Sea oil and gas production
The government confirmed further licences would be granted for North Sea projects in the future
Harbour Energy to axe 350 jobs in response to UK windfall tax
Shares are close to a five-year low
Harbour Energy submits plans for Zama field off Mexico coast
Harbour announced partner Pemex had submitted plans for developments on the Zama oil field off Mexico's coast, hailing it a 'milestone'
Harbour Energy cuts UK jobs after windfall tax hike
Harbour Energy confirmed it has made cuts to its UK business following a hike the oil and gas windfall tax made in November
North Sea producers call for windfall tax floor as oil price slides
Brent crude has dropped below US$80 a barrel for the first time this year
UK government mulling extension to oil and gas windfall tax
A report in The Times suggested that British prime minister Rishi Sunak and chancellor Jeremy Hunt want to maximise revenues from the windfall tax, by increasing the rate from 25% to 30% and extending it until 2028
Harbour Energy warns UK govt against raising windfall tax on oil and gas
Further windfall taxation would undermine the proposition in the UK at a time when the government is seeking more investment in order to support energy security, so says Britain's largest independent producer.
Archive
Market movers: Hunting surges on positive outlook
A look at some risers and fallers on the market today.
UK companies hike gas production as Russia fuel imports cut to zero
New gas fields were started in the southern North Sea, including Harbour Energy's Tolmount field and IOG's Saturn Banks
Archive
Malcy's Blog - Oil price, Genel, San Leon, Union Jack, Rockhopper, Advance. And finally…
WTI (Sept) $96.70 +$2.00, Brent (Sept) $105.15 +$1.95, Diff -$8.45 -5cUSNG (Sept) $8.72 +42c, UKNG(Aug) 327.76p +10.76p, TTF(Aug) €182.0 +€17.0.Oil priceA decent rally yesterday as the dollar weakened ahead of the Fed’s decision on rates. B
Harbour Energy says EIG cuts its stake in the company to 16%
The change reflects a distribution of EIG's shareholding to some of its underlying investors, rather than a sale of shares
Harbour Energy slams 'seriously flawed' windfall tax
It was announced in May that a 25% tax on profits of North Sea oil and gas companies would be implemented to alleviate the cost-of-living crisis
Harbour Energy kicks off U$200mln share buyback programme
Brokers for the UK's largest independent oil and gas producer have now been instructed to buy shares in the market.
Harbour Energy: What you need to know about UK’s biggest independent producer
Producing well in excess of 200,000 barrels of oil per day and valued in London at some £3.5bn Harbour is the North Sea’s largest independent producer.
North Sea 'windfall tax' presents oil majors with open goal as incentives nearly double
Some 91p of tax relief will be available for every £1 invested in the UK under the Chancellor of the Exchequer’s new regime.
North Sea’s biggest oil and gas producers likely won’t feel brunt of windfall tax
Shell, BP and Harbour Energy may find a shield from a windfall tax.
FIVE at FIVE: Compass heads in right direction, Terra for crypto, Harbour pays its debts and Shell pledges EV charging stations...
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Harbour Energy is rapidly paying off debt thanks to soaring oil and gas prices
It has some US$1.7bn of remaining debt to repay, which at the current clip is expected to be cleared by 2023
Will Hurricane Energy, Harbour and rest of North Sea turn recovery into a real resurgence?
An unlikely window of opportunity has opened for the likes of Hurricane and Harbour.
Rockhopper Exploration boosted as Falkland deal advances
"We are delighted to have signed definitive documentation to bring Navitas into the North Falkland Basin,” said chief executive Sam Moody.
Energy stocks dominate the list of best performing FTSE 350 stocks of 2022
Meanwhile, among the year's losers, Trustpilot gets one star, investors put the boot into Dr Martens and bottle out of holding Coca Cola HBC shares
North Sea stocks Harbour and Serica upgraded as Jefferies resets oil and gas forecasts
Harbour, Serica and EnQuest all saw their price targets lifted as Jefferies pitches the North Sea stocks as 'buys'.
Archive
Malcy's Blog - Oil price, Petrofac, Rockhopper, Getech. And finally…
Oil price, Petrofac, Rockhopper, Getech. And finally…WTI $100.28 -$7.54, Brent $104.71 -$6.73, Diff -$4.43 -$1.20, NG $5.64 +3c, UKNG 305.0p +30.25 Oil priceAs expected yesterday, the US have decided to draw down the SPR to the tune of some
From borrowings of £2.3bn to debt-free in a year – Harbour Energy transformed by surging crude price
“We are generating material and resilient free cash flow "
FTSE 100 ends higher as financial, commodity stocks advance
UK blue chip index ends higher again as investors receive confirmation of dearer borrowing costs
Tullow, Harbour and Hurricane Energy are stocks to watch as surging crude promises Lazarus effect for oil producers
Oil prices in the range of US$80 to US$100 are a salve to a sector that's been through difficult years.
Harbour Energy to exit Rockhopper’s Falklands oil project
Harbour is exploring options for its share of the assets. Rockhopper is talking with Navitas which previously pledged to buy 30% of the project
Archive
Oil price, Eco Atlantic, Harbour Energy. And finally…
As the week and the month come to an end the predicted strength in the oil price continues aided by current dollar weakness which I try not to forecast…Slightly mixed news from the US as the Fed doesn’t panic on inflation and sees no taper
Proactive Oil & Gas weekly highlights: United Oil & Gas, Harbour Energy, Union Jack, Mosman, Providence Resources
It was another active week in the small-cap oil and gas sector.
Harbour Energy cuts guidance as Tolmount start up is delayed
The Tolmount field will not be coming online in July, as previously targeted.
Archive
Oil price, Harbour Energy. And finally…
With the July WTI contract expiring it left Brent to hog the limelight and it suitably narrowed the gap. Most news remains good, the API stats showed a 7.2m barrel draw in crude and modest builds in products and the Fed has played down the
Harbour Energy flags 2021 production will be at low-end of guidance
"We remain excited by the significant cash generation potential of the combined portfolios,” said chief executive Linda Cook
Premier Oil ruffles small-cap feathers as it redraws growth plans
Premier told investors that it planned to sell the large and exciting Zama discovery, in Mexico, in a move to expedite debt reduction - it also inked a deal with 88 Energy and had an update for Rockhopper.