The “jaw-dropping” reserves downgrade from Hurricane Energy has “dashed hopes” of any major resurgence in UK offshore production, according to Rystad Energy.
Hurricane Energy’s exploration adventure offshore UK is the most exciting of them all, in my view.
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.
Hurricane Energy’s successful appraisal of the Lincoln field should restore confidence in the potential of the Greater Warwick Area (GWA), west of Shetland, an analyst has said.
Exploration and production firm Spirit Energy generated almost £500 million worth of profit in 2018 − its first full year in business.
North Sea industry received a shot in the arm yesterday as oil and gas companies reported progress on major projects.
The Aoka Mizu vessel was widely expected to have been installed at the Lancaster field by now, with final preparations under way for the long-term oil production trial, beginning in the current quarter.