 | |
| Company type | Public |
|---|---|
| Industry | Oil |
| Founded | 2014 |
| Headquarters | London, England |
Key people |
|
| Revenue |  $3,715 million (2023) [3] |
| $913 million (2023) [3] | |
 $32 million (2023) [3] | |
Number of employees | 1,800 (2024) [4] |
| Website | www |
Harbour Energy plc is an oil and gas company based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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 Cook, 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]
In December 2023, an agreement was signed for the acquisition of the German gas and oil production company Wintershall Dea by Harbour Energy for $11.2 billion. The transaction is expected to be completed in the fourth quarter of 2024. As part of the transaction, the previous owners of Wintershall Dea, BASF and LetterOne will receive shares (39.6% and 14.9%, respectively) in Harbour Energy as payment. [10]
The Viking Carbon Capture and Storage (CCS) project, spearheaded by Harbour Energy in partnership with BP (which holds a 40% stake), represents a significant effort to combat climate change. This initiative focuses on capturing and storing carbon dioxide emissions from key industrial sources in the North Sea's depleted gas fields. Integral to the UK's strategy to decarbonize its industrial sectors, the project aims to store 20 to 30 million tonnes of CO2 annually by 2030. The process involves collecting, liquefying, and transporting CO2 from major emission sources, including the VPI power station and the Phillips 66 Humber Refinery. Scheduled to commence operations by 2028, the project is anticipated to significantly contribute to the local economy by creating employment opportunities and enabling industries in the Humber region to meet stringent net-zero targets. It has garnered strong bipartisan political support and substantial investments from both public and private sectors. [11]
DEA Deutsche Erdoel AG was an international oil and gas company headquartered in Hamburg, Germany. It was a subsidiary of L1 Energy. In 2018, DEA owned stakes in oil and gas licenses in various countries and operated natural gas underground storage facilities in Germany. DEA is a derivation from Deutsche Erdöl-Aktiengesellschaft, the original name of the company. On 1 May 2019, DEA merged with Wintershall to form Wintershall Dea.
Saudi Aramco, officially the Saudi Arabian Oil Group or simply Aramco, is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. As of 2024, it is the fourth-largest company in the world by revenue and is headquartered in Dhahran. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels, and largest daily oil production of all oil-producing companies. It is the single greatest contributor to global carbon emissions of any company in the world since 1965.
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
Snøhvit(English: Snow White) is the name of a natural gas field in the Norwegian Sea, situated 140 kilometres (87 mi) northwest of Hammerfest, Norway. The northern part of the Norwegian Sea is often described as the Barents Sea by offshore petroleum companies. Snøhvit is also the name of a development of Snøhvit and the two neighbouring natural gas fields Albatross and Askeladden. Estimated recoverable reserves are 193 billion cubic metres of natural gas, 113 million barrels of condensate, and 5.1 million tonnes of natural gas liquids (NGL). The development comprises 21 wells. The Snøhvit development is operated by Equinor on behalf of six gas companies owning licenses:
Linda Zarda Cook is an American businesswoman serving as CEO of Harbour Energy since 2014. She was previously CEO of Shell Gas & Power, part of Royal Dutch Shell, in the Netherlands until 2009. Cook was named the 44th most powerful woman in the world by Forbes magazine in September 2007.
OMV is an Austrian multinational integrated oil, gas and petrochemical company which is headquartered in Vienna, Austria. The company is listed on the Vienna Stock Exchange. In the 2021 Forbes Global 2000, OMV Group was ranked as the 413th -largest public company in the world.
Marathon Oil Corporation is an American petroleum company that has existed since 1887. Marathon was founded in Lima, Ohio as the Ohio Oil Company. In 1899, the company was acquired by the Standard Oil Company. After the antitrust case against Jersey Standard in 1911 and subsequent breakup of its holdings, Ohio Oil once again became an independent company. In 1930, Ohio Oil acquired the Transcontinental Oil Company, which operated the "Marathon" brand of retail gasoline stations. Ohio Oil continued to use the Marathon brand, and in 1962, Ohio changed its name to the Marathon Oil Company.
Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity and gas to consumers in the United Kingdom and Ireland.
RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in the Asia-Pacific region, Europe and the United States.
Premier Oil plc was an independent UK oil company with gas and oil interests in the United Kingdom, Asia, Africa and Mexico. It was devoted entirely to the 'upstream' sector of the industry — the exploitation of oil and gas — as opposed to the 'downstream' refining and retail sector. It was listed on the London Stock Exchange until it was acquired by Chrysaor Holdings and then merged into Harbour Energy in March 2021.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.
Wintershall Holding GmbH, based in Kassel, was Germany's largest crude oil and natural gas producer. It was a wholly owned subsidiary of BASF. The company was active in oil and gas exploration and production with operations in Europe, North Africa, South America as well as Russia and the Middle East region. Wintershall employed more than 2,000 people worldwide. In the 2018 financial year the company produced around 171 million barrels of oil equivalent (boe) of oil and gas. Revenues amounted to 4.09 billion euros.
This is a list of oil and gas fields operated by BP.
Theddlethorpe Gas Terminal (TGT) is a former gas terminal on the Lincolnshire coast on Mablethorpe Road at Theddlethorpe St Helen close to Mablethorpe in East Lindsey in England. It is just off the A1031 and next door to a holiday camp and Mablethorpe Seal Sanctuary and Wildlife Centre.
Cenovus Energy Inc. is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. Its offices are located at Brookfield Place, having completed a move from the neighbouring Bow in 2019.
LetterOne Holdings S.A. (LetterOne) is an international investment business based in Luxembourg. With long-term investments in the telecoms, technology, healthcare, and energy sectors, the firm has four main units: L1 Health, L1 Technology, L1 Retail, and L1 Energy, all of which are supported by L1 Treasury Services, which manages the group's liquidity. LetterOne was set up LetterOne in 2013 as part of a broader new investment vehicle using the proceeds from the sale of TNK-BP. LetterOne had $26.8 billion in equity at the end of 2021. Co-founders Mikhail Fridman and Petr Aven stepped down from the company in early March 2022, after the EU imposed sanctions on them in the wake of the Russian invasion of Ukraine. The board now includes Mervyn Davies, Jonathan Muir, Franz Humer, Richard R. Burt, and Wulf von Schimmelmann, with Davies serving as chairman and Muir as CEO. Among major investments in 2023 were Turkcell, Qvantel, VEON, Wintershall Dea, DIA and Holland & Barrett.
Wintershall Dea GmbH is a German gas and oil producer. The joint venture was created in May 2019 by the merger between Wintershall Holding GmbH and DEA Deutsche Erdoel AG. BASF SE has a 67% stake in it, with the other 33% being held by LetterOne, whose main ultimate owner is the Russian business magnate Mikhail Fridman. As of 2020 it was planning listing on the Frankfurt Stock Exchange.
Carbon storage in the North Sea includes programmes being run by several Northern European countries to capture carbon, and store it under the North Sea in either old oil and gas workings, or within saline aquifers. Whilst there have been some moves to international co-operation, most of the Carbon Capture and Storage (CCS) programmes are governed by the laws of the country that is running them. Because the governments have pledged net zero carbon emissions by 2050, they have to find ways to deal with any remaining CO2 produced, such as by heavy industry. Around 90% of the identified storage geologies for carbon dioxide in Europe are shared between Norway and the United Kingdom; all of the designated sites for storage are located in the North Sea.
The Viking gas field is a group of natural gas and associated condensate fields located under the southern North Sea about 85 miles from the Lincolnshire coast. The field was in production from 1972 to 2018.
NEO Energy is a UK-based offshore oil and gas company operating on the United Kingdom Continental Shelf in the North Sea. It was founded in July 2019 and is backed by the Norwegian private equity firm HitecVision, which merged it with Verus Petroleum, another of its UKCS oil and gas producers, in October that year. NEO Energy produced 80,999 barrels of oil equivalent on average per day in 2022. The company has been described as part of a group of new entrants to the UK offshore industry following the 2014 price crash, with others including Neptune Energy, Harbour Energy's Chrysaor, Zennor Petroleum, and Ithaca Energy-owned Siccar Point Energy. It was listed by Grant Thornton's 2024 Scotland Limited report as the highest-earning private company in Scotland in 2024 before interest, tax, depreciation and amortisation (EBITDA), up from 26th the previous year, and the second-highest by turnover. It did not appear in the top five companies by number of employees.
