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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

Surge in energy stocks helps push FTSE 100 to two-month high

The FTSE 100 has jumped to a more than two-month high despite a new Organisation for Economic Co-operation and Development (OECD) report casting an unmissable shadow over the UK’s economic prosperity.

Irish Independent

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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

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

FTSE 100 recovers after three-day decline

London markets have recovered some ground after a three-day decline in the FTSE 100 following a swathe of downbeat economic forecasts and exacerbated recession fears.

Irish Independent

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Irish Independent

North sea oil and gas maker Harbour Energy sees twelvefold profit increase

The largest producer of oil and gas in the UK’s North Sea saw its profit increase more than twelvefold in the first six months of the year as record gas prices are set to plunge millions of households in the UK into fuel poverty.

Evening Standard

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

The Guardian - UK

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

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

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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

Irish Independent

FTSE rises but struggles to recover from Tuesday’s crash

The FTSE 100 posted another hike on Thursday after the Prime Minister announced plans to step down when a successor can be found.

Irish Independent

Oil and mining companies help push FTSE 100 down

Billions of pounds were wiped off the FTSE 100 on Tuesday as a major drop in commodity prices hit some of the index’s biggest companies.

Irish Independent

FTSE 100 climbs after oil firms boosted by rising crude prices

London’s top index bounced back as it was aided by strong performances for oil firms after the price of crude jumped on Monday.

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

Irish Independent

FTSE continues week-long malaise, but falls ease

Investors hoping for a bounceback after days of malaise on London’s markets were treated to a rollercoaster session on Tuesday.

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