Engineering consultancy Wood has secured a contract valued at $330m (£262m) with Harbour Energy, the leading oil and gas producer in the UK’s North Sea, as per the official announcement.
Harbour Energy (LON:HBR) plans to divest its Vietnam oil fields for £66 million.
The UK’s leading oil and gas company has struck a deal worth $84m (£65.8m) to divest its operations in Vietnam.
Oil continues to decline due to demand concerns following UK’s interest rate increase.
Oil prices dropped for the second consecutive session and were on track for a more than 3% decrease on a weekly basis this Friday.
Oil prices rise as China initiates measures to stimulate its economy.
Amid a spike in Chinese imports of Russian oil, it’s an opportune moment to examine the crude oil market dynamics.
French Energy Titan Shuns EU with $2bn Investment in US Gas Sector
Total, the French energy behemoth, has declared its intent to establish a $2 billion (£1.6 billion) synthetic gas facility in the United States, thereby challenging Europe’s renewable energy ambitions.
Oil prices drop as concerns over interest rate increases overshadow U.S. debt agreement.
On Monday, oil prices declined due to increasing concerns about potential interest rate hikes that could suppress energy demand, despite a preliminary agreement on the U.S. debt ceiling that could
1,650 Offshore Contractors to Stage Industrial Action in Response to Job and Wage Concerns
Unite the Union, affirmed that approximately 1,650 contractors are set to partake in two successive 48-hour strikes. The dispute revolves around issues pertaining to employment, remuneration, and workplace conditions in
North Sea oil giant Harbour Energy axes 350 UK jobs after windfall tax hit
The largest oil producer in the North Sea anticipates slashing 350 jobs in the UK, a mere two months after reporting its profits had been virtually eradicated by Rishi Sunak’s
Sunak Initiates Withdrawal from North Sea – Observe the Decline of UK Oil Production
In the early 2000s, the North Sea oil and gas industry, centered around Aberdeen, reached its pinnacle, producing over 2.7 million barrels of oil each day, which accounted for 3.6%
Discovery of oil in Mexico has resulted in an increase in the value of Harbour Energy’s shares.
Harbour Energy PLC (LSE: HBR) shares rose during early trading on Wednesday following the announcement of new oil discovery in the Mexican coastal waters.
1,350 offshore workers will cause multiple platforms to cease their operations.
A massive pay dispute is expected to result in a tsunami of industrial action against major oil and gas operators such as bp, Shell, and Total. Unite the Union has