Harbour energy storage investment company

Harbour energy storage investment company

INEOS, the day to day operator, with its partners Harbour Energy and Nordsøfonden, has made a Final Investment Decision (FID) into the first commercial phase ‘Greensand Future’ with storage operations set to begin at the end of 2025/early 2026.

6 FAQs about [Harbour energy storage investment company]

How does harbour energy contribute to the energy transition?

Harbour Energy is actively involved in the energy transition through its investments in carbon capture and storage projects, such as the Viking CCS project. These initiatives demonstrate the company’s commitment to reducing carbon emissions and developing cleaner energy solutions.

Who is Harbour Energy?

Harbour Energy is the largest London-listed independent oil and gas company. Harbour has a leading position in the UK as well as interests in Indonesia, Vietnam, Mexico, and Norway. Harbour’s strategy is to continue to build a global, diversified oil and gas company focused on safe and responsible operations, value creation and shareholder returns.

What makes Harbour Energy a good investment?

The company’s portfolio includes significant interests in the UK, Norway, Indonesia, Vietnam, Mexico, and other areas. This geographical diversification not only provides a buffer against regional fluctuations in energy markets but also allows Harbour Energy to capitalize on opportunities across various geological basins.

What is Harbour Energy doing in Indonesia?

Harbour Energy is involved in several major projects that underscore its commitment to both energy production and innovation. One such project is the Tuna offshore gas field in Indonesia, for which the company recently secured regulatory approval for development.

How did harbour energy start?

The company’s origins can be traced back to 2014, when it was established with initial funding from Noble Group and EIG Global Energy Partners. This foundation provided the impetus for Harbour Energy to embark on a path of strategic acquisitions, ultimately leading to its current prominence.

How did harbour acquire Greensand future?

Harbour acquired its interest in Greensand Future through its acquisition of the Wintershall Dea asset portfolio in 2024. The project, which aims to store CO2 in the INEOS-operated Nini field, will become the EU’s first operational CO2 storage facility and will have an objective to help mitigate climate change.

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