Hurricane Energy warns ‘material downgrade’ possible to 2.6bn barrel resources
Hurricane Energy has warned a “material downgrade” is possible to its 2.6billion barrel contingent resources following a technical review of its operations.
Hurricane Energy
Hurricane Energy ‘deeply saddened’ at death of COO
North Sea exploration and production firm Hurricane Energy said today it was "deeply saddened" to report the death of its chief operations officer (COO), Neil Platt.
Spirit Energy reaches ‘crossroads’ at North Sea field
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
Shetland Energy Hub aims for hundreds of jobs and to make giant oilfields ‘net zero by 2030’
Ambitious plans for a new Energy Hub have been unveiled with hopes for hundreds of jobs and to make giant oil and gas fields in the West of Shetland "net zero by 2030”.
Trice resigns as Hurricane Energy chief executive
Robert Trice has resigned as chief executive of Hurricane Energy by “mutual agreement” amid a boardroom reshuffle at the firm.
OGA gives Hurricane, Spirit breathing room at Lincoln field
Hurricane Energy’s boss has thanked the UK oil and gas industry’s regulator for giving the company more breathing room with its licence obligations.
Market overreacted to ‘bump in the road’ for Hurricane, analyst says
The shut-in of one of the Lancaster field’s two production wells is a “bump in the road” that didn’t warrant such a large drop in Hurricane Energy shares, an analyst said.
Updated: Disappointment for Hurricane as Lancaster down to one well, shares sink
Hurricane Energy has suffered the disappointment of having to shut-in one of the two production wells at its Lancaster field, west of Shetland.
Private-equity firm to assess case for powering North Sea rigs with floating wind
A private-equity firm with stakes in North Sea firms has pledged to explore using floating offshore wind to power oil platforms.
Infected Hurricane Energy worker recovers from Covid-19
An offshore worker who was evacuated from an installation west of Shetland in a “life and death situation” has now recovered after contracting the coronavirus.
Hurricane Energy ‘very pleased’ with Lancaster performance so far in 2020
Bosses at North Sea operator Hurricane Energy have announced today that they are "very pleased" with the performance of the firm's Lancaster discovery for the first quarter of 2020.
‘Life and death situation’ as worker confirmed with virus at Hurricane’s Lancaster field
A “seriously ill” offshore worker has contracted coronavirus and been airlifted to hospital from Hurricane Energy’s Lancaster field in the West of Shetland.
Hurricane ‘engages’ with OGA on flexible approach
London-listed Hurricane Energy has welcomed the Oil and Gas Authority's (OGA's) pledge to help struggling companies by considering relaxing licence commitments.
Updated: Hurricane narrows losses, but Lincoln frustrations continue
Hurricane Energy narrowed its losses considerably in its first financial year with production from the UK continental shelf.
Hurricane and Spirit Energy amend Greater Warwick deal after plans are stalled
Hurricane Energy and Spirit Energy have gone back to the drawing board for their Greater Warwick Area (GWA) joint venture, which will see Hurricane take on additional costs.
Activist investor brands Hurricane ‘key detractor’ to recent performance
An institutional investor backing Hurricane Energy has branded the oil firm a “key detractor” to its recent performance.
Hurricane Energy CFO stands down
Hurricane Energy has announced today that its chief financial officer (CFO) and director will stand down from his position at the firm.
Transocean reveals new details of Hurricane Energy contract
Transocean has revealed new details of its contract with Hurricane Energy for work in the west of Shetland.
Hurricane, Spirit rule out Lincoln Crestal tieback in 2020
Hurricane Energy has confirmed that the Lincoln Crestal well won’t be tied back to the floating production vessel on its nearby Lancaster field this year.
‘Knee-jerk reaction’ from investors led to Hurricane Energy’s 20% share price slide
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.
Hurricane Energy ‘not aware of any operational reasons’ for 20% drop in share price
Hurricane Energy has insisted it is “not aware of any subsurface, operational or commercial reasons” for a steep decline in its share price in the last week.
Spark Exploration targets deal on billion-barrel West of Shetland licences
Australia-based Spark Exploration is aiming to find partners in the first half of this year for its West of Shetland licences, which potentially contain north of a billion barrels of oil.
The other side of Lerwick’s story
Lerwick harbour continues to add to its reputation as a leading support hub for the oil and gas industry in northern waters through its contribution to the offshore sector’s operations west of Shetland.
Exploration headwinds force Hurricane to alter course
Hurricane Energy’s exploration adventure offshore UK is the most exciting of them all, in my view.
Explorers to keep up the chase in 2020
Westwood Global Energy reports that as of December 31 there were two active exploration wells drilling in the UK.