North Sea Harbour Energy flags output decline after profit ‘wiped out’ by tax

UK upstream company Harbour Energy forecast production decline in a range of 4-11% in 2023 on the back of lackluster results from the newly producing Tolmount gas field and a decision to curb activity in the face of sharply higher tax. Harbour, which was formed out of Premier Oil and Chrysaor in 2021, expects 2023 output of 185,000-200,000 b/d of…