North Sea oil producer Harbour in merger talks with Talos
Reuters
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.
The post North Sea oil producer Harbour in merger talks with Talos appeared first on Reuters News Agency.