Harbour Energy granted permit for carbon storage project in Norway

From Zacks Investment Research: 2025-03-19 12:20:14

Harbour Energy plc has received a permit from the Norwegian Offshore Directorate to drill an exploratory well in the Norwegian Sea as part of the carbon storage exploration license. The company plans to drill the well by the first quarter of 2025 using the Deepsea Nordkapp semi-submersible rig. This initiative is part of Norway’s carbon capture and storage efforts to reduce emissions. Harbour Energy holds a 60% stake in the license, with Stella Maris CCS owning the remaining 40%. Other top-ranked energy sector stocks include Archrock Inc., Oceaneering International, and NextDecade Corporation, each with favorable Zacks Ranks.



Read more at Zacks Investment Research: Harbour Energy Receives Permit for Havstjerne Carbon Storage Project – March 19, 2025