Harbour Energy to Cut 100 Offshore Jobs

Harbour Energy, the UKs largest oil and gas producer, plans to cut around 100 offshore jobs due to the windfall tax on energy profits. This decision is part of a larger review to maintain competitiveness in a challenging environment. The company has struggled with lower commodity prices and an uncompetitive tax regime, leading to approximately 700 job losses since the tax was introduced in 2022. The offshore reorganization aims to match their operating model with reduced activity and production levels in the UK.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.