Hurricane Energy weighs up $250m boost to Lancaster with new well
Hurricane Energy (LON: HUR) is weighing up an M&A deal or a potential $250m boost to its existing Lancaster asset in the West of Shetland.
Antony Maris
‘Key milestone’ as Hurricane Energy pays off $78m debts
Hurricane Energy (LON: HUR) has reached a “key milestone” paying off more than $78.5m in convertible bonds to its lenders.
Hurricane Energy ready to pay off debts following oil price surge
Hurricane Energy (LON: HUR) is ready to pay off its debt next week with cash to spare, in a remarkable turnaround in fortunes over the last year.
Hurricane Energy hits out at ‘unhelpful’ lack of windfall tax detail
Hurricane Energy has branded government’s windfall tax as “unhelpful” particularly due to its lack of public details.
Hurricane expects stop to Lancaster field life towards end of 2023
Hurricane Energy has predicted that the end of its flagship Lancaster field’s production life will arrive at around the end of 2023.
Hurricane Energy adds more barrels to flagship Lancaster field
Hurricane Energy (LON: HUR) expects to get some extra barrels out of its flagship Lancaster field, as set out in a new competent person’s report.
Hurricane Energy agrees charter extension with Bluewater for the Aoka Mizu FPSO
Troubled North Sea oil firm Hurricane Energy has struck a deal to extend the stay of the FPSO on its flagship Lancaster field.
‘No production issues’ yet for Hurricane Energy as Lancaster hits ‘bubble point’
Hurricane Energy (LSE: HUR) says no production issues have arisen at Lancaster despite it falling below the ‘bubble point’ last month.
Hurricane Energy says ‘no further action necessary’ over failed restructuring
Hurricane Energy (LON: HUR) has said "no further action is necessary" having completed a review into its failed restructuring plan earlier this year.
Hurricane Energy in ‘positive negotiations’ on Lancaster FPSO extension but debt deadline looms
Hurricane Energy has said it remains in positive discussions to extend the stay of the FPSO on its flagship Lancaster field, but issued a warning over funds as a debt deadline looms.
Hurricane Energy posts H1 profits of £31m, appoints new non-exec director
Hurricane Energy (LON: HUR) is continuing to “evaluate options” to bolster production from its flagship Lancaster field after a “very challenging” start to 2021.
Hurricane Energy shares drop 25% as Lancaster field approaches ‘bubble point’
Hurricane Energy (LON: HUR) shares have dropped by 25% after announcing it expects to reach the production “bubble point” at its flagship Lancaster field as early as the first quarter of next year.
Hurricane Energy above UKCS average for emissions intensity
Hurricane Energy is exploring methods to reduce its operational emissions as part of efforts to decarbonise the UK’s upstream sector.
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 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.
Hurricane Energy appoints new CEO
Hurricane Energy has appointed a new CEO as a permanent replacement to founder Robert Trice who exited in June.