Hurricane Energy’s (LON: HUR) top brass are to remain in charge after being given a stay of execution by the company’s top backer.
Meanwhile, Hurricane said it has had "multiple proposals from credible counterparties" on its process to sell the company.
Tony Buckingham, who started his career as a North Sea diver, has had a colourful career.
Hurricane Energy described the move from Crystal Amber Fund as "simply mystifying" as the firm is getting "excellent traction" on its sales process.
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
Hurricane Energy (LON: HUR) has said it has received expressions of interest from “multiple” parties in its process to sell the business.
The UK’s decommissioning regulator has approved Hurricane Energy’s plans for the removal of the FPSO serving its Lancaster field, though recent company forecasts suggest production may continue into 2024.
UK-listed Hurricane Energy (LON: HUR) has launched a competitive sales process for its business.
A frontier near the huge Cambo and Rosebank fields in the West of Shetland has been left “underexplored” according to a new study.
Hurricane Energy (LON: HUR) has opted not to drill a new well at its flagship Lancaster field after it failed to secure assurances around flaring permits.
North Sea operator Hurricane Energy (LON:HUR) is to carry out a planned shutdown of its flagship Lancaster field next month.
Hurricane Energy (LON: HUR) is weighing up an M&A deal or a potential $250m boost to its existing Lancaster asset in the West of Shetland.
Hurricane Energy (LON: HUR) has reached a “key milestone” paying off more than $78.5m in convertible bonds to its lenders.
Hurricane Energy (LON: HUR) is ready to pay off its debt next week with cash to spare, in a remarkable turnaround in fortunes over the last year.
Robin Allan, the former UK North Sea boss at Premier Oil, has joined the board of West of Shetland operator Hurricane Energy (LON: HUR).
Hurricane Energy (LON: HUR) and its partner Spirit Energy have given up on the Warwick Area in the West of Shetland.
The chief executive of Hurricane Energy took home more than £400,000 during a year of “profound change” for the beleaguered firm.
Hurricane Energy has predicted that the end of its flagship Lancaster field’s production life will arrive at around the end of 2023.
Hurricane Energy has submitted a decommissioning plan for the Aoka Mizu floating production storage and offload (FPSO) vessel serving its Lancaster field, less than three years after production began.
Hurricane Energy (LON:HUR) lifted its 28th cargo of oil from the Lancaster field last month, as new resource estimates and an FPSO charter extension suggest a prolonged life for the asset.
Hurricane Energy (LON: HUR) expects to get some extra barrels out of its flagship Lancaster field, as set out in a new competent person’s report.
Troubled North Sea oil firm Hurricane Energy has struck a deal to extend the stay of the FPSO on its flagship Lancaster field.
A production and financial update from Hurricane Energy suggests production at its Lancaster field is holding within its guidance, albeit with a rising water cut.
More than 500,000 barrels of oil were lifted from Hurricane Energy’s (LON: HUR) Lancaster field at the end of last month.