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The Latest Breaking News from Harbour Energy

Hundreds of North Sea jobs at risk after Scots oil giant reacts to windfall tax

Workers at Harbour Energy were informed yesterday that jobs are at risk following the tax hike.

Daily Record

Harbour Energy blames job losses on windfall tax

Unspecified cuts come despite rising revenue and earnings during 2022

Insider UK

RWE eyeing up carbon capture power station plan for South Humber Bank

Gas-fired proposal revealed as it partners with Viking CCS to investigate CO2 solution

Birmingham Post

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Weir and abrdn promoted to FTSE 100

UK's top stock market index also sees 'yo-yo' firm Harbour Energy drop out again

Insider UK

Harbour Energy knocked off FTSE 100 while Abrdn returns

The FTSE Russell Group’s quarterly review sees Harbour Energy drop to the FTSE 250, along with Dechra Pharma and Intermediate Capital Group.

The Independent UK

Huge carbon capture pipeline project takes major step towards consenting stage

Harbour Energy's Viking CCS plan could be put before the planning inspectorate early next year

Birmingham Post

Weir and abrdn set to rejoin FTSE 100

Meanwhile, Harbour Energy looks likely to fall out of the top group of London-listed businesses

Insider UK

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UK’s largest oil and gas producer warns against tougher windfall tax

Harbour Energy says higher levy and extended timeline will deter investment despite profits bonanza

The Guardian - UK

ABP and Harbour Energy partner to provide CO2 import gateway at Immingham for South Humber CCS plans

Agreement furthers the port as the 'epicentre of the UK decarbonisation agenda' according to CEO Henrik Pedersen

Birmingham Post

West Burton partners with Harbour Energy's Humber carbon capture and storage project

Gas-fired power plant exploring engineering requirements to deal with emissions

Birmingham Post

V for Viking - South Humber Net Zero project renamed to emphasise carbon capture role

Harbour Energy's huge South Humber project has a new name

Birmingham Post

Energy boss on £6m will get £770,000 payday in October as Brits' bills rocket

Linda Cook is benefitting from an £84m interim dividend announced by Harbour Energy today as its profits rose 1,100% to almost £1.3billion in the first half of 2022

Daily Mirror

North Sea oil giant’s huge profit set to fuel fresh row

Hike just hours ahead of announcement of unprecedented rise in domestic gas and electricity bills

Evening Standard

Harbour Energy defends extra investor payout after 12-fold rise in profits

North Sea’s biggest oil and gas producer enjoys jump in fossil fuel prices following invasion of Ukraine

The Guardian - UK

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The Guardian - UK

Has the energy price cap had its day?

This week’s widely feared increase will fuel growing debate in the UK about how well the policy is working

The Guardian - UK

BP admits windfall tax will not affect its North Sea investments after all

Executive tells MPs new clarity on levy’s December 2025 end date means it no longer needs to review investments

The Guardian - UK

Windfall tax ‘seriously flawed’, says North Sea oil and gas producer

Harbour Energy lobbies Rishi Sunak for changes to profits levy because of impact on smaller firms

Birmingham Post

Humber Zero launches supplier event with engineering and construction focus

Phillips 66 and VPI Immingham will welcome Worley and Harbour Energy to North Lincolnshire event

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The Independent UK

FTSE rises despite weight of windfall tax on oil companies

The index notched up its best week for more than two months.

The Guardian - UK

North Sea oil and gas bosses get combined £25m pay rise

Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook

Birmingham Post

First gas confirmed at Tolmount as significant new North Sea supply emerges at critical time

Harbour Energy estimates upwards of five per cent increase to UK production

Birmingham Post

Huge carbon capture project launches planning consultation on 53km cluster pipeline to North Sea storage

V Net Zero is a £500 million investment led by Harbour Energy linking the Immingham cluster with depleted gas fields

Birmingham Post

V Net Zero engineering contract award to drive forward South Humber Bank plans

Immingham cluster is the focus of the Harbour Energy-led scheme looking to repurpose critical Lincolnshire infrastructure

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