Harbour Energy announces 250 job cuts at Aberdeen UK unit

Harbour Energy, the largest lipid and state shaper successful the British North Sea, has reportedly announced plans to chopped its UK workforce by a quarter, equating to astir 250 jobs, citing authorities policies.

The decision, affecting the Aberdeen unit, is driven by reduced concern owed to the UK Government's stance connected the North Sea fossil substance industry, according to a study by Reuters.

The company's UK managing director, Scott Barr, was quoted by the quality bureau arsenic saying: “The reappraisal is unluckily indispensable to align staffing levels with little levels of investment, owed chiefly to the Government’s ongoing punitive fiscal presumption and a challenging regulatory environment.”

This determination is different setback for Scotland's lipid and state sector, pursuing Petroineos' caller cessation of crude lipid processing astatine the Grangemouth Refinery.

Harbour Energy, which reported a nonaccomplishment of £93m successful 2024 aft a nett net of £45m successful 2023, has called for UK Government reforms to the windfall tax, which is acceptable to expire successful 2030.

The taxation complaint was accrued past October to 38%, bringing the full assemblage taxation to 78%, 1 of the highest globally.

The UK Government aims to money renewable vigor projects with the gross from the Energy Profits Levy.

However, since the levy's introduction, North Sea producers person been divesting assets, consolidating operations and looking to put elsewhere.

A authorities spokesperson expressed its volition to enactment workers and communities affected by these commercialized decisions.

In summation to workforce reductions, Harbour is reassessing the resources for its Viking c seizure and retention project.

Delays successful the government's Track-2 process, which seeks to found 2 caller c seizure usage and retention clusters by 2030, person impeded progress. Viking is 1 of the projects awaiting a determination connected authorities funding.

“We indispensable instrumentality these hard steps successful effect to the challenges presented by the existent outer environment,” Barr added.

In a abstracted improvement earlier this year, EnQuest agreed to acquire Harbour Energy’s Vietnam concern for a header worth of $84m, with an expected outgo of $35m upon completion.

This acquisition aligns with EnQuest's strategy to grow its planetary beingness with assets that committedness speedy returns, debased superior expenditure and reduced c intensity.

"Harbour Energy announces 250 occupation cuts astatine Aberdeen UK unit" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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