Symbolic bans on oil E&P won’t help us with climate change, Shell boss says
The chief executive of Shell said today that “symbolic” bans on oil and gas exploration and production would not help the UK tackle climate change.
West of Shetland
Hurricane Energy shares rise as Crystal Amber holding goes above 25%
Shares in Hurricane Energy climbed this morning after activist fund Crystal Amber hoisted its holding in the troubled oil firm above 25%.
Cambo oilfield protestors occupy UK Government building in Edinburgh
A dozen activists have staged a protest at a UK Government building in Edinburgh in hope of convincing ministers to reject proposals for the Cambo oilfield, west of Shetland.
Crystal Amber says Bluewater ‘very keen’ to discuss longer stay for FPSO on Hurricane’s Lancaster field
Activist investor Crystal Amber says Bluewater Energy is “very keen” to discuss options for keeping its Aoka Mizu vessel on Hurricane Energy’s Lancaster field.
Hurricane non-exec directors jump ship ahead of key votes, CEO to stay on
Troubled UK oil producer Hurricane Energy’s five non-executive directors have decided to resign, rather than wait for ballots to be held on their positions.
Former Hurricane Energy CEO Trice banked £650K pay as firm sank to £440m losses
Robert Trice, the co-founder and former CEO of Hurricane Energy, took a total pay package of £649,000 last year as the oil firm plunged to losses of £440million.
Stena Don rig on hire for Lincoln well abandonment job, Lancaster pump fixed, Hurricane says
Troubled UK oil firm Hurricane Energy said today that the Stena Don rig is now on hire to plug and abandon the Lincoln well, which it once hoped to develop, west of Shetland.
Equinor and Altera ‘fully engaged’ on study into use of Knarr FPSO for Rosebank project
Energy giant Equinor and Altera Infrastructure are “fully engaged” in a study that could result in the vessel owner’s Petrojarl Knarr FPSO being picked for the 300 million barrel Rosebank gig.
Updated: Hurricane shareholders snub restructuring plan with court decision looming
Long-suffering shareholders of beleaguered UK oil producer Hurricane Energy have snubbed the company’s restructuring plan.
Updated: Hurricane hopes for vessel deal amid Bluewater marketing push, reports Lancaster well glitch
Hurricane Energy is holding out hope that a crucial deal will be reached on the Lancaster field production vessel, despite owners Bluewater marketing it for redeployment.
Siccar Point takes step towards investment decision on Covid-delayed Cambo
Private-equity backed Siccar Point Energy has taken another step en route to a final investment decision (FID) on Cambo, a major oil project west of Shetland.
Updated: Hurricane Energy wind-down could start in 2022 without revised vessel deal
Bosses at Hurricane Energy could start winding down the business as early as next year unless they can hammer out a revised vessel deal for the Lancaster field.
BP forms new pact to boost production from Clair Ridge after slow start
BP, Baker Hughes and Odfjell Drilling have formed a new alliance aimed at boosting production from Clair, western Europe’s biggest oilfield.
‘Upheaval and frustration’ as Hurricane Energy sinks to losses of £440million
Hurricane Energy has sank to losses of £440million, underscoring the troubles of the west of Shetland operator.
Siccar Point losses widen as key Cambo and Rosebank decisions await
Losses at Siccar Point Energy more than doubled in 2020 as the North Sea operator looks ahead to key decisions on its flagship Cambo field and the Equinor-operated Rosebank.
‘All-subsea’ development among the options for BP at Clair South
Energy giant BP has confirmed that a subsea development is among the options being weighed up for its Clair South project, west of Shetland.
Sembcorp ‘back on track’ on Cambo FPSO for Siccar Point
Sembcorp Marine has said it is “back on track” with work on the Cambo FPSO for Siccar Point Energy.
Updated: End of the line in sight for Hurricane Energy
Bosses at Hurricane Energy have conceded that the troubled UK oil firm is likely to be wound down within the next few years.
Hurricane reports unscheduled well intervention at Lancaster
Hurricane Energy said today that an “unscheduled well intervention” was required on its Lancaster field, west of Shetland.
Updated: Activist investor says relationship with Hurricane Energy has ‘deteriorated dramatically’
One of Hurricane Energy’s biggest shareholders has threatened to take “appropriate action” to maximise the company’s potential after complaining of a breakdown in their relationship.
Hurricane Energy dashes hopes for new Lancaster well in 2021
Hurricane Energy today dashed hopes that it could boost production from its Lancaster field, west of Shetland, with a new well in 2021.
Hurricane ‘engaging’ with stakeholders on funding for west of Shetland plans, shares rise
Hurricane Energy’s chief executive said today that the firm is currently “engaging with stakeholders” on funding for the further development of its Lancaster field.
BP close to completing Clair platform repair job
Energy giant BP said today that non-essential staff were returning to its Clair platform after an electrical fault led to a partial down-manning last week.
Electrical fault results in partial down-manning of BP platform
Energy giant BP has partially down-manned its Clair platform, about 45 miles west of Shetland, due to an "electrical fault".