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.
Energy giant BP said today that non-essential staff were returning to its Clair platform after an electrical fault led to a partial down-manning last week.
Energy giant BP has partially down-manned its Clair platform, about 45 miles west of Shetland, due to an "electrical fault".
Energy firm SSE has clinched a deal to sell its gas exploration and production assets to Viaro Energy for £120 million.
The Faroe Islands Government has said it has no plans to follow Denmark’s decision to wind down oil and gas exploration.
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.
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.
A retired geologist has claimed Hurricane Energy’s huge climbdown on its west of Shetland oil resource estimates could have been avoided if his warning had been heeded in 2016-17.
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
The “jaw-dropping” reserves downgrade from Hurricane Energy has “dashed hopes” of any major resurgence in UK offshore production, according to Rystad Energy.
The Aoka Mizu FPSO has been picked to trial a new digital twin project to predict and analyse hull fatigue.
The discovery of Forties marked a major turning point in the North Sea’s history and now 50 years on our sector finds itself at another exciting crossroads, writes Emeka Emembolu.
The head of the Scottish Carbon Capture and Storage (SCCS) research partnership has estimated Shetland could still be “20-30 years” from a CCS project as other locations are prioritised.
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.
Upstream investment firm Reabold Resources has hailed a significant boost to its footprint west of Shetland through its stake in Corallian Energy.
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”.
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.
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 has appointed a new CEO as a permanent replacement to founder Robert Trice who exited in June.
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
Bosses at Ineos’ North Sea oil and gas business have vowed to keep “pursuing growth opportunities” despite a 95% profits plunge in 2019.
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 has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
A major oil firm has been fined £7,000 after 95 tonnes of crude oil leaked into the sea.
Hurricane Energy has managed to boost production from its Lancaster field, west of Shetland, using new equipment.