S'abonner
PROFILE

Harbour Energy acquires Wintershall Dea

Harbour Energy announces the purchase of Wintershall Dea and strengthens its North Sea oil production, aiming for significant expansion through to 2025.

Share:

Harbour Energy rachète Wintershall Dea

Harbour Energy, one of the UK’s leading oil companies, acquires Germany’s Wintershall Dea. A strategic maneuver to strengthen its presence in the North Sea. The British company is committed to stabilizing its production for the years 2024-2025, despite a fluctuating global energy context. In 2023, the company was able to offset a third of its production through the significant addition of new reserves. The announcement extends the previous production guidance, a sign of measured optimism and a well-considered strategy.

Strengthening North Sea Production

Increased production at the J-Area hub is testimony to the effectiveness of Harbour Energy’s proximity drilling strategies. The commissioning of the Talbot project in late 2024 and the upgrading of existing wells at the Judy Chalk field are key initiatives. The diversification of activities via the Greater Britannia and AELE hubs also underscores a desire to sustain production while exploring new development opportunities.

Challenge Management and Long-Term Vision

However, the company anticipates significant challenges, including increased maintenance and pipeline interruptions in 2024. These obstacles, while significant, are seen as necessary steps towards long-term optimization. Firm opposition to the UK’s Energy Profits Tax underlines the growing tension between industry players and government policies. Despite this, Harbour Energy is focused on completing the acquisition of Wintershall Dea, a crucial step towards successful diversification and strategic geographic expansion.

The acquisition of Wintershall Dea marks a strategic turning point for Harbour Energy, enabling it to diversify its activities beyond the UK borders. This merger aims to create a major independent player in the oil & gas sector, with a particular focus on safe, responsible, value-creating operations. Harbour Energy’s management, led by CEO Linda Cook, is optimistic about the company’s future, looking forward to continued expansion and a stronger presence in the global energy market.

  • Popular on energynews.pro
France secures EUR 11bn for three floating wind farms with European approval
NextEra reactivates Duane Arnold nuclear plant to strengthen industrial capacity
US tariff ultimatum pushes India towards new Asian trade alliances
Frontera Energy sells its stake in two Ecuadorian oil blocks for $7.8mn
South Korea and Norway launch study on i-SMR nuclear mini-reactors
Mexico launches major public investment plan to revive Pemex and the oil industry
The Mexican government unveils an ambitious public support strategy for Petróleos Mexicanos, targeting 1.8 million barrels per day, infrastructure modernisation, and settlement of supplier debt amounting to $12.8 billion.
Kazakhstan ships 85,000 tonnes of crude oil to Hungary via Croatia for the first time
KazMunayGas has completed its first delivery of 85,000 tonnes of crude oil to Hungary, using maritime transport through the Croatian port of Omisalj as part of a broader export strategy to the European Union.
Tullow accelerates debt reduction with divestment of assets in Gabon and Kenya
Tullow marks a strategic milestone in 2025 with the sale of its subsidiaries in Gabon and Kenya, the extension of its Ghanaian licences, and the optimisation of its financial structure.
SABIC restructures portfolio amid global petrochemical overcapacity
Saudi giant accelerates transformation with $500 million capex reduction and European asset closures while maintaining strategic projects in Asia.
Japanese refiners face critical challenge of Middle Eastern oil dependency
Record Gulf crude imports expose structural vulnerabilities of Japanese refining amid rising geopolitical tensions and Asian competition.
Diamondback Energy reports $699mn net income and intensifies share buybacks in Q2 2025
Diamondback Energy posted a $699mn net income for the second quarter of 2025 and accelerated its share repurchase programme, supported by record production and an upward revision of its annual guidance.
Transocean reports a net loss of $938mn in the second quarter despite revenue growth
Swiss group Transocean reported a net loss of $938mn for the second quarter 2025, impacted by asset impairments, while revenue rose to $988mn thanks to improved rig utilisation.
bp accelerates maintenance and production with Argos extension in the Gulf of America
The rapid commissioning of bp’s Argos Southwest extension in the Gulf of America strengthens maintenance capabilities and optimises offshore oil production performance.
OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics
Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.
India rejects Trump’s tariff threats over Russian oil purchases
New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.
BP increases net profit to $1.63 bn in the second quarter and launches share buyback
BP posts a net profit of $1.63 bn in the second quarter 2025, driven by operational performance, an operating cash flow of $6.3 bn and a new $750 mn share buyback programme.
Aramco maintains resilience with $24.5 billion profits in second quarter 2025
The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.
Dangote entrusts refinery expansion to former Shell executive
Dangote Group appoints David Bird, former Shell executive, as head of its Refining and Petrochemicals division to accelerate regional growth and open up equity to Nigerian investors.
Indian Oil Corp acquires 7 mn barrels from the United States, Canada and the United Arab Emirates
Faced with falling discounts on Russian oil, Indian Oil Corp is purchasing large volumes from the United States, Canada and Abu Dhabi for September, shifting its usual sourcing strategy.
Chinese oil companies strengthen their presence in the Iraqi market
Independent Chinese oil companies are intensifying their investments in Iraq, aiming to double their production to 500,000 barrels per day by 2030 and compete with the sector’s historic majors.
OPEC+ increases production by 547,000 barrels as non-OPEC supply explodes
The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.
BP discovers major offshore field in Brazil, its largest find in twenty-five years
BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.
Frontera Energy and CGX Energy challenge the validity of Corentyne block withdrawal
The dispute over the Corentyne block licence pits Frontera Energy and CGX Energy against the Guyanese government, amid major contractual and offshore investment stakes in the oil sector.
Chevron restarts Venezuelan crude exports to the United States in August
Chevron resumes the shipment of Venezuelan oil to the United States after a multi-year suspension due to sanctions, highlighting the persistence of oil flows between the two countries.
Ukrainian drones trigger fire at oil depot in Sotchi
A fire broke out at a Sotchi oil depot after an attack by Ukrainian drones, causing no casualties but temporarily disrupting air traffic and mobilising significant emergency resources.