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
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.
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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.
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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.
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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?
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