Hurricane Energy CEO banked £415k in 2021
The chief executive of Hurricane Energy took home more than £400,000 during a year of “profound change” for the beleaguered firm.
Hurricane Energy
Hurricane expects stop to Lancaster field life towards end of 2023
Hurricane Energy has predicted that the end of its flagship Lancaster field’s production life will arrive at around the end of 2023.
Hurricane hands in Lancaster decom plan just three years after first oil
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.
Production holds steady at Hurricane’s Lancaster field
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 adds more barrels to flagship Lancaster field
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.
Hurricane Energy agrees charter extension with Bluewater for the Aoka Mizu FPSO
Troubled North Sea oil firm Hurricane Energy has struck a deal to extend the stay of the FPSO on its flagship Lancaster field.
Lancaster output holds as water cut rises
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.
Hurricane Energy sells 530k barrels of oil from Lancaster
More than 500,000 barrels of oil were lifted from Hurricane Energy’s (LON: HUR) Lancaster field at the end of last month.
Hurricane Energy shuffles board after request from activist investor
Troubled North Sea oil and gas firm Hurricane Energy (LON: HUR) has shuffled its top team after a request from its activist investor.
Activist fund claims Hurricane’s Lancaster field could produce more for longer
Investment fund Crystal Amber has claimed that prospects for the flagship Hurricane Energy Lancaster field may be better than have been presented, and that it could sustain production to 2025.
‘No production issues’ yet for Hurricane Energy as Lancaster hits ‘bubble point’
Hurricane Energy (LSE: HUR) says no production issues have arisen at Lancaster despite it falling below the ‘bubble point’ last month.
Hurricane Energy says ‘no further action necessary’ over failed restructuring
Hurricane Energy (LON: HUR) has said "no further action is necessary" having completed a review into its failed restructuring plan earlier this year.
Hurricane Energy in ‘positive negotiations’ on Lancaster FPSO extension but debt deadline looms
Hurricane Energy has said it remains in positive discussions to extend the stay of the FPSO on its flagship Lancaster field, but issued a warning over funds as a debt deadline looms.
Hurricane Energy posts H1 profits of £31m, appoints new non-exec director
Hurricane Energy (LON: HUR) is continuing to “evaluate options” to bolster production from its flagship Lancaster field after a “very challenging” start to 2021.
Hurricane Energy shares drop 25% as Lancaster field approaches ‘bubble point’
Hurricane Energy (LON: HUR) shares have dropped by 25% after announcing it expects to reach the production “bubble point” at its flagship Lancaster field as early as the first quarter of next year.
Crystal Amber chairman hits out at ‘egregious’ Hurricane Energy proposals
The chairman of activist fund Crystal Amber has claimed its “decisive action” saved $22million which would have been lost from Hurricane Energy.
Hurricane Energy Lancaster field sells 10million barrels of oil
Hurricane Energy has hailed the sale of 10million barrels of oil produced from the Lancaster field in the West of Shetland.
Hurricane Energy repels move by activist investor to appoint new directors
UK oil and gas company Hurricane Energy has repelled moves by an activist investor to appoint new directors to its board.
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%.
Hurricane Energy records Q3 revenues of £49.8m, 23rd cargo of Lancaster oil lifted last month
Troubled oil and gas firm Hurricane Energy recorded revenues of about $69 million (£49.8m) in the second quarter of 2020.
Hurricane Energy completes Lincoln decommissioning west of Shetland
Troubled operator Hurricane Energy has announced the completion of decommissioning work to its Lincoln well, which it once hoped to develop, in the 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.
Updated: Court rejects Hurricane Energy’s restructuring plan
Bosses at Hurricane Energy are “considering all options”, including an appeal, after a court refused to sanction the beleaguered North Sea oil firm’s restructuring plan.
Hurricane shares up 27% as activist fund feels heat from own investors
Shares in Hurricane Energy have closed 27.35% higher at 2.17p in London, on a day when activist fund Crystal Amber came under fire from one of its own investors.