Transocean has revealed new details of its contract with Hurricane Energy for work in the west of Shetland.
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 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.
Hurricane Energy has confirmed it has struck oil at its Lincoln Crestal well in the West of Shetland.
UK-based oil and gas firm Hurricane Energy has announced that it's first lift from the west of Shetland Lancaster field has "generated first revenue".
Hurricane Energy has begun the "start-up" phase at its flagship Lancaster field, west of Shetland.
Bosses at Hurricane Energy said today that they were looking forward to an "exciting" 2019 as the company gears up for first oil from its flagship Lancaster field, west of Shetland.
The west of Shetland Lancaster field could create a “paradigm shift” for North Sea exploration drilling, according to the chief executive of Hurricane Energy.
North Sea explorer Hurricane Energy said today that another major milestone had been reached in the quest for first oil from the Lancaster field.
UK authorities have given Hurricane Energy permission to forge ahead with the early production system (EPS) for the Lancaster field, west of Shetland.
North Sea firm Hurricane Energy said today that a new study had revealed a large increase in recoverable volumes held in its Lancaster field west of Shetland.
Hurricane Energy’s recent announcement of a major discovery at its Halifax well, West of Shetlands is very significant for the UK oil and gas industry. At a time when investment has been seriously reduced by the low oil price, and in the absence of any significant new finds, it heralds a potential revival in the sector.
On April 7, Hurricane said its latest estimate for Lancaster field reserves had been upgraded threefold to just shy of 600million barrels based on a predicted 25% recovery factor.
Hurricane Energy proves Lancaster and Halifax are one structure, claims it is largest undeveloped discovery on the UKCS
Hurricane Energy claim to have data that backs up the company's view that the Lancaster field and Halifax prospect is one single large hydrocarbon accumulation.
Hurricane Energy said today it had taken another step towards production start-up from the North Sea Lancaster discovery after completing a second sidetrack well on the field.
Activist investor Crystal Amber has been building its stake in a North Sea business it expects could be worth £17billion. The Guernsey-based fund now owns 12% in Hurricane Energy which is closing in on a farm-in deal that could start to unlock 400million barrels of oil and “breath life” into the North Sea. Hurricane was founded in 2005 by Dr Robert Trice, a specialist in an unusual hydrocarbon geology known as “fractured basement reservoirs”.