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Pin to quick picksHarbour Energy Share News (HBR)

Share Price Information for Harbour Energy (HBR)

London Stock Exchange
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Share Price: 300.00
Bid: 299.60
Ask: 300.60
Change: -1.10 (-0.37%)
Spread: 1.00 (0.334%)
Open: 300.60
High: 310.50
Low: 299.50
Prev. Close: 301.10
HBR Live PriceLast checked at -

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Harbour Energy holds production guidance as weak prices hit 2023 profits

Thu, 07th Mar 2024 07:15

(Sharecast News) - North Sea oil and gas producer Harbour Energy on Thursday held production guidance for 2024 as it reported a sharp fall in annual profits on the back of lower output and weaker prices.

Pre-tax profit for 2023 slumped to $597m from £2.46bn a year earlier when surging energy prices provided a cash bonanza for the sector.

Production fell to 186,000 barrels of oil equivalent per day from 208kboepd. Harbour said it still expected to produce 150-165 kboepd with production to end February of around 172 kboepd.

Free cash flow is expected to be marginally positive in 2024, after estimated cash tax of $1bn, assuming commodity prices of $85 a barrel for Brent crude oil and reduced UK gas prices of 70p/therm.

Reporting by Frank Prenesti for Sharecast.com

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18 Jan 2024 10:23

Harbour Energy shares fall as expects revenue fall and production drop

(Alliance News) - Harbour Energy PLC on Thursday said it anticipated its revenue in 2023 to have fallen from 2023, alongside a decline in output.

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18 Jan 2024 08:50

German government to examine BASF sale of Wintershall Dea assets - Handelsblatt

BERLIN, Jan 18 (Reuters) - The German government wants to look at the $11.2 billion share and cash sale of Wintershall Dea's non-Russian oil and gas assets to Britain's Harbour Energy , German daily Handelsblatt said on Thursday.

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16 Jan 2024 13:33

Norway increases annual oil, gas drilling awards, including in Arctic

SANDEFJORD, Norway, Jan 16 (Reuters) - Norway on Tuesday awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies in its annual licensing round, including in the Arctic Barents Sea, the country's energy minister said.

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11 Jan 2024 09:00

Norway gas output to rise in 2024, oil seen down, official forecast shows

OSLO, Jan 11 (Reuters) - Norway's daily natural gas production is set to rise by 3% in 2024, while oil output is expected to decline by a similar volume, the Norwegian Offshore Directorate (NOD) said in its annual forecasts on Thursday.

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8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

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4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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21 Dec 2023 18:23

Britain's Harbour Energy strikes $11.2 billion deal for Wintershall Dea assets

BASF to become major shareholder in Harbour

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21 Dec 2023 17:26

European shares ease after two days of gains

Commerzbank gets ECB nod for share buyback

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21 Dec 2023 17:13

London stocks slip after global rally pauses

FTSE 100, FTSE 250 down 0.3%

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21 Dec 2023 16:53

LONDON MARKET CLOSE: Investors feel frosty ahead of US inflation

(Alliance News) - The festive cheer failed to lift stock prices in London on Thursday, as investors nervously look ahead to a key inflation reading from the US on Friday.

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21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

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21 Dec 2023 15:55

Harbour Energy up after inking deal for majority of Wintershall assets

(Alliance News) - Harbour Energy PLC on Thursday said it had reached an agreement with BASF SE and LetterOne to acquire "substantially all" of the Wintershall Dea's upstream assets.

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21 Dec 2023 14:14

BASF to transfer Wintershall Dea's E&P business to Habour Energy

BERLIN, Dec 21 (Reuters) - German company BASF said on Thursday that it has signed an agreement to transfer Wintershall Dea's E&P business, excluding Russia-related activities to Harbour Energy.

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21 Dec 2023 14:13

Harbour Energy to buy Wintershall Dea's upstream assets for $11.2bn

(Sharecast News) - Harbour Energy surged on Thursday after saying it has agreed to buy the upstream assets of German oil and gas producer Wintershall Dea from shareholders BASF and LetterOne for $11.2bn.

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21 Dec 2023 14:13

Harbour Energy to buy Wintershall Dea's upstream assets for $11.2bn

(Sharecast News) - Harbour Energy shot higher on Thursday after saying it has agreed to buy the upstream assets of German oil and gas producer Wintershall Dea from shareholders BASF and LetterOne for $11.2bn.

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