Harbour Energy plc
TypePublic
IndustryOil
Founded2014
HeadquartersEdinburgh, Scotland, UK
Key people
RevenueIncrease $5,390.0 million (2022)[3]
Increase $2,540.9 million (2022)[3]
Decrease $8.2 million (2022)[3]
Number of employees
1,800[4]
Websitewww.harbourenergy.com

Harbour Energy plc is an oil and gas company based in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was established by the commodity trader, Noble Group, and the private-equity firm, EIG Global Energy Partners, in July 2014.[5] The initial funding was US$150 million from Noble Group and $50 million from EIG Global Energy Partners.[5] The company provided financial backing for Chrysaor Holdings to acquire assets valued at US$3.8bn from Royal Dutch Shell; the backing led to the company becoming the largest shareholder in Chrysaor Holdings.[6]

In June 2020, the company announced the provision of backing to enable Chrysaor Holdings to acquire Premier Oil.[7] In March 2021 the company merged Chrysaor Holdings and Premier Oil and absorbed both into Harbour Energy.[8] It was announced that the merged business would be managed by Linda Cooke, who had been CEO of Harbour Energy since it was established.[7] The transaction also made Harbour Energy the UK's largest independent oil and gas business.[8]

In 2023, the Indonesia oil and gas regulator SKK Migas approved the first plan of development for the Tuna offshore gas field, operated by Harbour Energy, with a total estimated investment of $3 billion.[9]

References

  1. ↑ "Our senior team". Harbour Energy. Retrieved 29 September 2023.
  2. ↑ "Our senior team". Harbour Energy. Retrieved 29 September 2023.
  3. 1 2 3 "Annual Results 2022" (PDF). Harbour Energy. Retrieved 9 March 2023.
  4. ↑ "Operations". Harbour Energy. Retrieved 29 September 2023.
  5. 1 2 "Trader Noble, private equity EIG launch $2 billion energy venture". Reuters. 14 July 2014. Retrieved 3 August 2021.
  6. ↑ "Shell sells $3.8bn of North Sea assets to Chrysaor". Financier Worldwide Magazine. 1 August 2017. Retrieved 3 August 2021.
  7. 1 2 "Chrysaor acquires Premier Oil, becomes the North Sea's top oil and gas producer". World Oil. 10 June 2020. Retrieved 3 August 2021.
  8. 1 2 "Here's what to know as Harbour Energy becomes London's top independent oil-and-gas group". Marketwatch.com. 8 April 2021. Retrieved 26 April 2021.
  9. ↑ "Indonesia approves $3 bln development plan for South China Sea gas block". Reuters. 2 January 2023. Retrieved 5 January 2023.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.