Harbour Energy plc has re-appointed Simon Henry as an independent non-executive director and senior independent director, with effect from 1 September 2026 and subject to shareholder approval. Mr Henry previously held both roles with the company from April 2021 until July 2025. His reappointment follows a recommendation from Harbour’s nomination committee and board approval. He […]
Tag: Harbour Energy plc
Harbour begins $250m share buyback
Harbour Energy plc today started to buy back its own ordinary shares for up to a maximum aggregate value of $250 million (ÂŁ185.6m). The company announced the news in its 2026 half year results, which showed “excellent” operational performance and record production of more than 500,000 barrels per day. Outlook for its free cash flow […]
Harbour completes acquisition of Waldorf subsidiaries
Harbour Energy plc has completed its acquisition of substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd in the UK for $163 million (ÂŁ121m). RESOURCE Completion of the transaction follows regulatory approval and full final settlement of all creditors’ claims against the acquired subsidiaries. Harbour agreed in December 2025 to the […]
Harbour NED steps down
Harbour Energy plc’s BASF-nominated non-executive director Hans-Ulrich Engel has stepped down, after the German company’s holding in the oil and gas producer fell below 25%. ASSETS Under the September 2024 agreement, BASF Handels-und Exportgesellschaft mit beschränkter Haftung was entitled to nominate two directors to the Harbour board. Following Mr Engel’s departure on 8 June 2026, […]
Harbour posts record production
Harbour Energy plc posted record production and an increase in revenue, while losses doubled on UK taxes and write-offs during 2025. NEW PROJECTS Production increased by 84% to a 474 thousand barrels of oil equivalent per day (2024: 258 kboepd), with new wells and projects in the UK, Norway, Argentina and Egypt. Revenue and other […]
Harbour completes $3.2bn acquisition of LLOG
Harbour Energy plc has completed its $3.2 billion acquisition of LLOG Exploration Company LLC, operating in the Gulf of Mexico (Gulf of America). TVRs The purchase is through $2.7 billion cash and 174,855,744 new Harbour voting ordinary shares to the seller LLOG Holdings, L.L.C. with a value of $500m. Harbour used a $1bn bridge facility, a $1bn […]