LetterOne Received 15% in Harbour Energy after Closing the Wintershall Deal
LetterOne International Investment Group, founded by Russian entrepreneurs Mikhail Fridman, Peter Aven and Alexey Kuzmichev, has received a 15% stake in the Scottish oil production company Harbour Energy. According to a statement released by Harbour Energy, on Wednesday the company closed a deal to acquire assets of the German Wintershall …
The Story of Wintershall Dea, which Severed Ties with the Russian Federation, Ended with the Sale of Its Main Assets
The British independent mining company Harbour Energy has completed the purchase of the main mining assets of the German Wintershall Dea, which was the largest oil and gas company in Germany. According to the Wintershall Dea report, since September 3, Wintershall Dea‘s exploration and production business (with the exception of …
British Harbour Energy Expects to Close the Acquisition of Wintershall Dea at the Beginning of the Fourth Quarter of 2024
Harbour Energy, the UK‘s largest oil and gas producer, has published results for the first half of the year. The production forecast for 2024 has been improved with confirmation of the forecast for 2025. In the report, the company also said that the results achieved this year in various areas …
Oil and Gas Companies Pull Out of UK North Sea Sector Due to Tax Pressure
Oil and gas companies operating in Britain’s North Sea offshore sector are consolidating and moving overseas as Britain’s windfall tax cuts into profits and the opposition Labor Party threatens to increase taxes if it wins the next general election. This was reported by Reuters. A change in strategy could accelerate …
Harbor Energy is Preparing to Drill an Exploration Well in The North Sea
Harbor Energy Norge, the Norwegian subsidiary of Harbor Energy, has received permission from the country’s authorities to drill an exploration well in the North Sea. This was reported by the press service of the Norwegian Petroleum Directorate (NPD). Program for well 15/9-25 provides for the drilling of an exploration well; …
Expro Wins Work on Well Abandonment Campaign Offshore UK
Energy services provider Expro has secured a new contract with Harbour Energy for a well abandonment campaign as part of the decommissioning project for the Balmoral area, in the UK Continental Shelf. The multi-year contract, valued at more than $20 million, will utilize Expro’s Subsea Well Access technology with a combination …