Hurricane says testing programme brings second Lancaster well back on stream
London-listed Hurricane Energy said today that its Lancaster field, west of Shetland, is producing from two wells again.
Lancaster
‘Another twitch in the death throes’ for Hurricane Energy
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.
Hurricane Energy: ‘No certainty of any future activity’ on West of Shetland assets
Hurricane Energy has stated there is “no certainty of any future activity” on its West of Shetland assets, including its flagship Lancaster field, following a new reserves report.
Hurricane ‘engaging’ with stakeholders on funding for west of Shetland plans, shares rise
Hurricane Energy’s chief executive said today that the firm is currently “engaging with stakeholders” on funding for the further development of its Lancaster field.
Updated: Troubled Hurricane set for crunch talks with key stakeholders in bid to unlock funds
Troubled oil firm Hurricane Energy is preparing for crunch talks with key stakeholders in a bid to unlock funding for new wells on its Lancaster field, west of Shetland.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Hurricane Energy downgrade ‘dashes hopes’ for UK production resurgance – Rystad
The “jaw-dropping” reserves downgrade from Hurricane Energy has “dashed hopes” of any major resurgence in UK offshore production, according to Rystad Energy.
Aoka Mizu FPSO tests ‘nerves of steel’ in West of Shetland
The Aoka Mizu FPSO has been picked to trial a new digital twin project to predict and analyse hull fatigue.
Hurricane sets aside £16.8m for Lancaster decom security after cancelling bond
Hurricane Energy has set aside £16.8 million to help ensure it can cover decommissioning costs for its Lancaster field after cancelling a bond agreement.
Major project delays are ‘fair warning’ to those seeking greater oil exposure for Shetland
Energy Voice recently reported on Shetland Islands Council's ambitions to retain more tax revenue from oil and gas operations around the isles in its self-determination bid. Jon Fitzpatrick, managing director of consultancy Gneiss Energy, gives his view.
Crystal Amber says Hurricane technical review ‘persuasive but not conclusive’
One of Hurricane Energy’s institutional investors has said the oil firm’s recent technical review, which included a huge downgrade to reserves and resources, was “persuasive but not conclusive”.
Updated: Hurricane makes huge cuts to west of Shetland oil resource estimates
Hurricane Energy slashed its oil resource estimates in a crushing blow to investors who hoped the firm would become a west of Shetland oil powerhouse.
Updated: Shares nosedive as Hurricane issues new reserves downgrade warning at Lancaster
Hurricane Energy shares nosedived yesterday after the firm issued another warning that the reserves estimate for its flagship Lancaster field, west of Shetland, may require a “material downgrade”.
Shares rise as Hurricane tackles production issues at Lancaster
Hurricane Energy has managed to boost production from its Lancaster field, west of Shetland, using new equipment.
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”.
CEO exit a ‘big blow’ for Hurricane
Robert Trice’s exit from Hurricane Energy is “disappointing news” and a “big blow” for the company, an analyst has 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.
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.
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.
The Atlantic Frontier: A coming of age story
Welcoming a new year heralds a time for reflecting on the year that was and what is to come.
Hurricane Energy projects $165m revenues as Lancaster field ‘surpasses expectations’
Hurricane Energy has announced it expects revenues generated from its Lancaster field West of Shetland to reach $165m (£123m) in the 2019 financial year.
Updated: Hurricane starts exploring options for full Lancaster development
Hurricane Energy has started exploring options for a full-scale development of the area which delivered the firm’s maiden revenue in the first half of 2019.
Hurricane narrows losses as Lancaster gives firm ‘greater control of future’
Hurricane Energy narrowed its pre-tax losses in a first half marked by the achievement of first oil from its flagship project west of Shetland.