Harbour Energy returns to profit despite falling revenue and cash flow August 8, 2024 Harbour Energy has returned to the black on Thursday despite the largest UK-based North Sea oil and gas firm suffering a dip in revenue and cratered free cash flow. The producer had been a victim of the energy profit levy imposed off the back of energy price spikes in 2022, with the 75 per cent [...]
Higher windfall taxes will be the death of investment in the North Sea July 31, 2024 Introducing Norway-level taxes without the accompanying investment incentives proves Labour’s energy policy is driven by ideology – not security, says Andy Mayer The day before the new Labour Chancellor Rachel Reeves sounded the death knell for Britain’s North Sea oil industry and put up to 200,000 workers on notice the ‘I’ newspaper led with the headline “Starfish and other seabed species [...]
Banning North Sea oil will only benefit Saudi Arabia July 16, 2024 Fossil fuels will remain part of the energy mix for decades to come – if we don’t extract our own resources from the North Sea, our loss will be other polluters’ gain, says Andy Mayer The new government’s plans to capitulate to the likes of Just Stop Oil by banning new drilling licences in the [...]
‘A complete fabrication’: Government denies claims Ed Miliband has banned new North Sea oil licences July 11, 2024 The government has been forced to deny reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences.
Going green? Not without backing from the City, you don’t June 4, 2024 The energy transition requires investment in two things: transition (obviously) and new, greener, cheaper technologies.
Serica Energy chief: ‘High commodity price windfall long gone’ April 24, 2024 Serica Energy today announced its first share buyback programme, totalling £15m.
Ithaca Energy to buy Eni’s UK assets for about £754m April 23, 2024 North Sea oil and gas producer Ithaca Energy said on Tuesday it would buy Eni's UK upstream oil and gas assets for about £754m in an all-stock deal.
Energy security is a must, but UK’s absurd oil and gas bill won’t help January 24, 2024 The oil and gas bill is a misguided solution to the UK's energy woes; we must focus on renewables instead, writes Nigel Pocklington.
North Sea’s biggest oil and gas producer, Harbour Energy strikes £9bn deal for German peer December 21, 2023 Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a £9bn share and cash deal with BASF and LetterOne.
Like it or not, but we won’t get to net zero without oil and gas December 21, 2023 We must move towards a fully green energy system, but we can't get there without oil and gas, writes Stuart Payne