Harbour Energy plc today said it had started to review its activities in the United Kingdom and is on course to cut some 350 onshore jobs. TAX The review, due to complete during H2 2023, is forecast to save the company $50 million annually from 2024. In its Q1 2023 unaudited trading and operations report, […]
Tag: Indonesia
Harbour to cut UK investment and jobs
Harbour Energy plc said that increased UK tax rates on oil and gas had prompted it to reduce its future activity and investment in the country, including job cuts, and plan more international growth. EXPENDITURE In the company’s unaudited trading and operations report for the year ended 31 December 2022, chief executive Linda Cook added […]
Premier Oil completes farm down of Tuna PSC
Premier Oil said that it had completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft following approval from the Indonesian government. Under the farm down agreement, the Russian state-controlled oil company will carry Premier for its share of a two-well campaign to appraise the Tuna discoveries, scheduled to commence […]