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”.
Hurricane Energy is now “arguably” a takeover target for companies brave enough to “take a punt on basement plays” after it revealed a huge downgrade to its resource base, an analyst has said.
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.
Students and graduates facing up to the challenges of finding work in the wake of the Covid-19 pandemic have an opportunity to gain career advice at an online event next week.
The UK's "reliance" on other countries to help develop its offshore wind sector is a lesson for its burgeoning CCS industry, according to a boss at Spirit Energy.
Disruption to the North Sea supply chain is the “biggest threat” for a spike in offshore decommissioning costs, according to bosses at Spirit Energy and Petrofac.
Spirit Energy will pump an additional £13million into a North Sea field to extend its life by another three years.
British Gas owner Centrica has said it will sell off its US energy retail arm in a £2.8 billion deal.
Spirit Energy has received a Health and Safety Executive (HSE) warning over the risk of offshore workers being exposed to bacteria which causes Legionnaires' disease.
Hurricane Energy has warned a “material downgrade” is possible to its 2.6billion barrel contingent resources following a technical review of its operations.
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
One of the offshore oil and gas industry’s most significant business development events is going digital in July when OGUK launches the first of its series of Share Fair Spotlight webinars featuring the forward work plans of Spirit Energy next week.
Spirit Energy plunged into the red in its second full year as an independent oil and gas business as impairments linked to lower commodity prices hit hard.
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.
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.
The company that owns the Warhammer tabletop game has become as valuable as the owner of Britain’s largest energy supplier.
An Aberdeen-headquartered engineering and construction firm has secured a multi-million pound deal with a North Sea operator despite industry “challenges”.
Around 200 North Sea workers have been evacuated with suspected Covid-19 symptoms over the last six weeks as the sector has attempted to manage the spread of the virus.
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
Spirit Energy is to look at staff redundancies and cost cutting measures in an attempt to stem the tide of “extraordinary industry challenges” currently facing the oil and gas sector.
Production on a North Sea vessel has been shut down in response to the removal of a crew member with “flu-like symptoms”.
A workers who was airlifted from a UK North Sea platform has tested positive for the Covid-19 virus.
Utilities giant Centrica has "paused" the sale of its stake in Spirit Energy due to the economic meltdown caused by the Covid-19 outbreak and oil price war.
North Sea helicopter flights are expected to reduce by up to 30% over the next two weeks due to the effect of the coronavirus outbreak.
Oil and gas firm Spirit Energy has given the Chestnut field in the UK North Sea a three-year life extension by drilling a new production well.