The move would offer Harbour an opportunity to list in New York after CEO Linda Cook decided to scale back North Sea spending and diversify operations overseas – a reaction to Britain’s windfall tax on oil and gas producers in the wake of a surge in energy prices. Talos shares were up 4.4% at 1820 GMT, after jumping by as much as 11% after Reuters first reported the news.
Business & FinanceDeals
North Sea oil producer Harbour in merger talks with Talos
06 June 2023, 7:49 pm 1 minute
Market Impact
The move would offer Harbour an opportunity to list in New York after CEO Linda Cook decided to scale back North Sea spending and diversify its operations overseas after Britain imposed a windfall tax on oil and gas producers last year in the wake of a surge in energy prices. Talos shares were up 4.4% at 1820 GMT, after jumping by as much as 11% after Reuters first reported the news.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: UK
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
