The Harbour Energy Armada Platform
(Picture: Harbour Energy)One of Britain’s biggest North Sea energy producers reported booming profits today hours ahead of the announcement of an unprecedented rise in household gas and electricity bills.
Pre-tax profits at Harbour Energy, the largest independent London-listed oil company, surged during the first six months to $1.5 billion (£1.27 billion) from just £120 million during the same period the previous year. The company was formed by the merger of suppliers Chrysaor and Premier Oil last year.
