Harbour Energy reduces UK workforce by 250 as part of operational restructuring
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
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Should l Buy ?
Source: Reuters
Job Cuts Announced: Harbour Energy has announced approximately 250 job cuts in its UK operations due to the impact of the UK's windfall tax on its profitability.
Impact of Energy Profit Levy: The Energy Profit Levy, introduced in 2022, has been criticized by North Sea producers for eroding profits and creating uncertainty for future investments.
Total Job Reductions: Since the introduction of the levy, Harbour Energy has reduced its workforce by around 600 roles.
Production Guidance Update: The company has revised its 2025 production guidance upward to 465,000-475,000 barrels of oil equivalent per day, slightly higher than its previous estimate.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
