UKCS exploration drilling on course for record low in 2020, Westwood Global says
UK offshore exploration drilling is on course to slump this year to its lowest level since companies starting scouring the North Sea for oil in the mid-1960s.
West of Shetland
Reabold eyes big payoff west of Shetland via position in Corallian
Upstream investment firm Reabold Resources has hailed a significant boost to its footprint west of Shetland through its stake in Corallian Energy.
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”.
Shetland eyes ‘more of that tax take’ from oil revenues in self-determination bid
The leader of Shetland Islands Council has said the region wants “to retain more of that tax take” from oil and gas revenues in its self-determination bid.
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.
Hurricane Energy appoints new CEO
Hurricane Energy has appointed a new CEO as a permanent replacement to founder Robert Trice who exited in June.
Investment decision delayed on west of Shetland gas project, Ineos says
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
Ineos North Sea bosses optimistic despite profits plunge
Bosses at Ineos’ North Sea oil and gas business have vowed to keep “pursuing growth opportunities” despite a 95% profits plunge in 2019.
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”.
Shell sees ‘running room’ in West of Shetland
Shell has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
BP fined £7,000 for crude oil leak
A major oil firm has been fined £7,000 after 95 tonnes of crude oil leaked into the sea.
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.
Investigation launched after vessel ‘hatch failure’ incident at BP’s Foinaven field
An investigation has been launched after a cover hatch failure resulted in a vessel taking on water at a BP-operated field located west of Shetland.
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.
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.
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.
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.
North Sea operators move to reduce cabin sharing ‘wherever possible’
A series of North Sea operators are working to remove cabin sharing offshore “wherever possible” in order to prevent the spread of the coronavirus.
‘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.
Workers vote for strikes at EnQuest’s Sullom Voe terminal
Workers have voted “emphatically” in favour of strike action at the Sullom Voe terminal in Shetland.
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.