Advertisement
Contemporary society
Sunday, May 22, 2022
No Result
View All Result
  • Latest news
  • Finances
  • Fashion
  • Opinion
  • Culture
  • Food
  • Commodities
  • Op-ed
  • Contact us
  • Latest news
  • Finances
  • Fashion
  • Opinion
  • Culture
  • Food
  • Commodities
  • Op-ed
  • Contact us
No Result
View All Result
Contemporary Society
No Result
View All Result
Home Commodities

Harbour Energy’s post-merger cashflow rises to $678 million By Reuters

Contemporary Society by Contemporary Society
March 17, 2022
in Commodities
0
Harbour Energy

© Reuters.

LONDON (Reuters) -Harbour Energy, the British North Sea’s biggest oil and gas producer, reported on Thursday free cashflow of $678 million for 2021 in its first full-year results after its merger with Premier Oil (LON:), up from a pro-forma $562 million in 2020.

It forecast that, at an oil price of $100 a barrel and a gas price of 200 pence per therm, free cashflow could reach between $1.5 billion and $1.7 billion after tax and paying its $200 million annual dividend.

Harbour expects to produce between 195,000 to 210,000 barrels of oil equivalent per day (boe/d) this year, compared with 175,000 boe/d in 2021.

Harbour, like most of its peers, hedges some of its sales to shield against price volatility, which can mean producers miss out on some peaks of price rallies, such as the ones the oil and gas market has seen in recent months.

Benchmark oil prices currently trade around $100 a barrel.

Out of its 2022 and 2023 oil output, it hedged about 26 million barrels at an average price of $61.05-$61.15 a barrel. Out of its gas production, it hedged 25.37 million boe in 2022 at an average price of 50.75 p/therm and 23 million boe in 2023 at an average 40.86 p/therm.

Harbour said it planned to ask shareholders to grant it the “general authority” to buy back up to 15% of its shares.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Posts

Peru socialist Castillo confirmed president after lengthy battle over results By Reuters

LME nickel slides as technical glitches hit trading again By Reuters

March 17, 2022
Oil surges after IEA warns of shortfall in supply By Reuters

Oil surges after IEA warns of shortfall in supply By Reuters

March 17, 2022

Oil Edges Higher After Three-Day Slide as Volatility Continues By Bloomberg

March 17, 2022

Europe seeks breakthrough on climate change plans amid energy crisis By Reuters

March 17, 2022

UK says Johnson agreed with Saudi Arabia to work on stable energy markets By Reuters

March 16, 2022

France ends gas heaters subsidies, boosts heat pumps in bid to cut Russia reliance By Reuters

March 16, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

What the long history of currency says about cryptocalypse
Opinion

What the long history of currency says about cryptocalypse

May 21, 2022
PM Modi to meet new Australian PM in Tokyo; Quad has constructive and positive agenda, says FS
Finances

PM Modi to meet new Australian PM in Tokyo; Quad has constructive and positive agenda, says FS

May 21, 2022
In Barrack No.10 of Patiala Jail, ‘inmate’ Navjot Sidhu did this on first night of prison stay
Finances

In Barrack No.10 of Patiala Jail, ‘inmate’ Navjot Sidhu did this on first night of prison stay

May 21, 2022
‘People first’, PM Modi tweets after Centre slashes excise duty on petrol and diesel
Finances

‘People first’, PM Modi tweets after Centre slashes excise duty on petrol and diesel

May 21, 2022
  • Copyright
  • Privacy Policy
No Result
View All Result
  • Latest news
  • Finances
  • Fashion
  • Opinion
  • Culture
  • Food
  • Commodities
  • Op-ed
  • Contact us

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT