Harbour Energy plc swung to loss during the first six months of the year following high taxes and falling commodity prices. FINANCES Results for H1 2023 show profit before tax of $0.4 billion (H1 2022: $1.5bn) and loss after tax of $8 million (H1 2022: profit of $1bn). Revenue decreased to $1,991 million (H1 2022: […]
Tag: Harbour Energy plc
Harbour exits Vietnam after nearly 24 years
Harbour Energy plc will exit Vietnam after nearly 24 years with the $84 million (£65.7m) sale of its assets, including its 53.125% interest in the Chim Sao and Dua producing fields. PORTFOLIO The sale to Big Energy Joint Stock Company, subject to government approvals, has an effective date of 1 January 2023 with completion targeted […]
Harbour on course to cut 350 UK positions
Harbour Energy plc today said it had started to review its activities in the United Kingdom and is on course to cut some 350 onshore jobs. UK ACTIVITY The review, due to complete during H2 2023, is forecast to save the company $50 million annually from 2024. In its Q1 2023 unaudited trading and operations […]
Harbour notes oil discovery offshore Mexico
Harbour Energy plc said that the Kan-1 exploration well had discovered oil in the joint venture (JV) Block 30 in the Sureste Basin, offshore Mexico. KAN-1 The Kan-1 exploration well lies 25km off the Tabasco coast in 50 metres of water. Harbour said that the well was drilled to a total measured depth of 3,317m […]
Harbour-BP to develop Viking CCS
Harbour Energy plc has agreed with bp to develop the Viking carbon capture storage (CCS) and transportation project close to the Humber region in the southern North Sea. VIKING CCS The company continues as operator holding 60% of the project with bp acquiring a 40% non-operated share. Viking CCS comprises four main components relating to […]
Harbour CEO-CFO awarded total 1.5m shares
Harbour Energy plc has granted its chief executive officer and chief financial officer a total 1,455,398 performance share awards under the company’s 2017 long term incentive plan (LTIP). The company granted CEO Linda Z. Cook (CEO) 947,955 shares awards and Alexander Kane (CFO) 507,434, each at an award price of £2.69. The grants are in […]