Harbour Energy

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Harbour Energy plc
TypePublic
Traded as
  • LSE: HBR
  • FTSE 250 component
IndustryOil
Founded2014
HeadquartersEdinburgh, Scotland
Key people
R. Blair Thomas, (Chairman)
Linda Cooke, (CEO)
RevenueIncrease $2,413.9 million (2020)[1]
Operating income
Decrease $(687.4) million (2020)[1]
Net income
Decrease $(778.4) million (2020)[1]
Websitewww.harbourenergy.com

Harbour Energy plc is an independent UK oil company with oil and gas interests around the world: it is the UK's largest independent oil and gas business.[2] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[]

The company was established by the commodity trader, Noble Group, and the private-equity firm, EIG Global Energy Partners, in July 2014.[3] The initial funding was US$150 million from Noble Group and $50 million from EIG Global Energy Partners.[3] 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.[4]

In June 2020, the company announced the provision of backing to enable Chrysaor Holdings to acquire Premier Oil.[5] In March 2021 the company merged Chrysaor Holdings and Premier Oil and absorbed both into Harbour Energy.[2] It was announced that the merged business would be managed by Linda Cooke, who had been CEO of Harbour Energy since it was established.[5] The transaction also made Harbour Energy the UK's largest independent oil and gas business.[2]

References[]

  1. ^ a b c "Annual Report 2020" (PDF). Chrysaor Holdings. Retrieved 3 August 2021.
  2. ^ a b c "Here's what to know as Harbour Energy becomes London's top independent oil-and-gas group". Marketwatch.com. 8 April 2021. Retrieved 26 April 2021.
  3. ^ a b "Trader Noble, private equity EIG launch $2 billion energy venture". Reuters. 14 July 2014. Retrieved 3 August 2021.
  4. ^ "Shell sells $3.8bn of North Sea assets to Chrysaor". Financier Worldwide Magazine. 1 August 2017. Retrieved 3 August 2021.
  5. ^ a b "Chrysaor acquires Premier Oil, becomes the North Sea's top oil and gas producer". World Oil. 10 June 2020. Retrieved 3 August 2021.

External links[]

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