Windfall tax has 'all but wiped out our profit for the year', biggest North Sea oil producer says

Harbour Energy sees profits ‘wiped out’ by windfall tax

The North Sea’s largest oil and gas producer Harbour Energy has said the windfall tax has “wiped out” its profits for 2022.

Harbour Energy plans $200 mln buyback after cashflow triples

Harbour Energy plans to conduct a $200 million share buyback, it said on Thursday, after higher oil prices helped free cashflow triple to $2.1 billion last year despite a bigger tax burden.

Harbour Energy sees profits ‘wiped out’ by windfall tax

Harbour said the windfall tax has “extinguished” profits – but the firm, which is cutting jobs, still announced $300m of shareholder dividends and buybacks today. The post Harbour Energy sees profits ‘wiped out’ by windfall tax appeared first on Energy Voice.

North Sea’s biggest energy producer claims UK windfall tax ‘wiped out’ surge in profit

Harbour Energy says it had to cut jobs and investment at same time as announcing new shareholder payouts taking total to $1bn

Asda and Morrisons relax rationing as vegetable crisis eases

Asda and Morrisons have lifted some of their restrictions on fresh fruit and vegetables after supply problems that caused food shortages eased.

Windfall tax has 'all but wiped out our profit for the year', biggest North Sea oil producer says

The Aberdeen-based firm reveals a string of awards for shareholders despite its objections to the energy profits levy which, it said, had helped it focus on growth opportunities away from UK waters.