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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: 302.90
Bid: 303.10
Ask: 304.30
Change: -4.00 (-1.30%)
Spread: 1.20 (0.396%)
Open: 309.00
High: 309.20
Low: 299.40
Prev. Close: 306.90
HBR Live PriceLast checked at -

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Harbour Energy reviewing organisation in UK, cites windfall tax

Wed, 18th Jan 2023 16:20

(Sharecast News) - Oil and gas company Harbour Energy confirmed on Wednesday that it is reviewing its organisation in the UK following a hike in the windfall tax last year.

Amid media reports the company is looking to cut hundreds of jobs, a harbour spokesperson told Sharecast: "Following changes to the EPL (Energy Profits Levy), we have had to reassess our future activity levels in the UK.

"We will continue to support investment on the many attractive opportunities within our existing portfolio, but we are scaling back investment in other areas such as new exploration licensing. As such, we have initiated a review of our UK organisation to align with lower future activity levels."

Harbour is the largest independent oil and gas company in the UK, and employs around 1,700 people worldwide.

Last year, the UK government hiked the EPL on oil and gas companies to 35% from 25%, taking the total taxes on the sector to 75% - one of the highest in the world.

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31 Jan 2024 07:46

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18 Jan 2024 17:02

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18 Jan 2024 15:14

London close: Stocks manage gains after deluge of updates

(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.

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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

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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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