A major downgrade in reserves, a written-off discovery and warnings of a shareholder wipeout are a “real blow to investors and debt holders” of Hurricane Energy, an analyst has said.
Robert Trice’s exit from Hurricane Energy is “disappointing news” and a “big blow” for the company, an analyst has said.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
A “knee-jerk” reaction from investors to a combination of factors including recent results, Brexit and the coronavirus have been blamed for a 20% slide in Hurricane Energy’s share price.
Speculation arose last night as two oil and gas operators emerged as potential bidders for a package of Chevron’s North Sea assets.
The discovery of an “absolutely colossal” untapped oil field has given the North Sea a welcome shot in the arm.