Crystal Amber takes parting shot at ‘time consuming and stressful’ Hurricane Energy
"Market participants had written off Hurricane Energy as little more than an embarrassment"
Hurricane Energy
Hurricane Energy buyer Prax plans North Sea growth surge (exclusive)
Firm seeks to expand production six-fold through North Sea acquisitions
Who are the billionaire couple who now own Hurricane Energy?
Last year's record fuel prices catapulted them into Rich List territory.
North Sea M&A deals ‘dominated by large production portfolios’
There's a hotting-up M&A market in the UK North Sea, including some of the largest players like Harbour Energy. We take a look at where deals are being made.
Updated: Prax completes takeover of Hurricane Energy
Prax Group has announced the completion of its takeover of West of Shetland firm Hurricane Energy.
‘Perennial issue’ as North Sea explorers over-hype their prospects
There's been numerous cases over the last decade in UK North Sea exploration where company estimates have been way off the mark.
Hurricane Energy enjoys 10-fold surge in profits ahead of Prax takeover
The CEO of Hurricane Energy (LON: HUR) has described its performance in 2022 as “both very challenging and a highly successful” as it made $113.6 million before tax.
Prax awaits final NSTA approval to clear Hurricane bid
Prax E&P’s bid for Hurricane Energy has been cleared by government officials, with the company now awaiting a final written approval from the regulator as to the status of its offshore licences.
Hurricane Energy announces £31.7 million revenue in Q1
The UK-based oil and gas firm, Hurricane Energy (LON: HUR), has announced revenues of £31.7 million in the first quarter of this year.
Prax to use Hurricane to make more ‘significant acquisitions’, says investor
Prax Exploration and Production intends to use Hurricane Energy (LON: HUR) as a vehicle to make further “significant acquisitions”.
Convoluted but fair? Analysts weigh up Prax’s bid for Hurricane
Analysts see a fair deal with promising upside potential for Hurricane Energy shareholders in the wake of a takeover offer by Prax Group.
Prax to acquire Hurricane Energy in £250m deal
Prax Exploration and Production has struck a deal to acquire Hurricane Energy (LON:HUR), concluding a sales process initiated earlier in the year.
Hurricane Energy-backer Kerogen Capital invests in UK geothermal firm
Geothermal Engineering Limited (GEL) has secured £12 million in funding from private-equity energy specialist firm Kerogen Capital.
Hurricane board to stay on after activist investor backs off
Hurricane Energy’s (LON: HUR) top brass are to remain in charge after being given a stay of execution by the company’s top backer.
Recap: Hurricane Energy prepares for latest showdown with largest shareholder
Meanwhile, Hurricane said it has had "multiple proposals from credible counterparties" on its process to sell the company.
Tony Buckingham: The ex-mercenary oil baron nominated for Hurricane Energy board
Tony Buckingham, who started his career as a North Sea diver, has had a colourful career.
Hurricane Energy: Largest shareholder moves to oust management team
Hurricane Energy described the move from Crystal Amber Fund as "simply mystifying" as the firm is getting "excellent traction" on its sales process.
North Sea independents see shares drop on windfall tax announcement
Several independent North Sea producers saw their share prices drop after the chancellor’s windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
‘Multiple’ interested parties in Hurricane Energy sale
Hurricane Energy (LON: HUR) has said it has received expressions of interest from “multiple” parties in its process to sell the business.
Govt approves provisional plan for Lancaster FPSO decommissioning
The UK’s decommissioning regulator has approved Hurricane Energy’s plans for the removal of the FPSO serving its Lancaster field, though recent company forecasts suggest production may continue into 2024.
Hurricane Energy launches sales process after ‘unsolicited offer’
UK-listed Hurricane Energy (LON: HUR) has launched a competitive sales process for its business.
Exploration frontier near huge Cambo and Rosebank oilfields ‘overlooked’
A frontier near the huge Cambo and Rosebank fields in the West of Shetland has been left “underexplored” according to a new study.
Hurricane officially axes Halifax, once thought to hold 1.2bn barrels
Hurricane Energy (LON: HUR) has finally called it a day on a West of Shetland prospect, once thought to hold 1.2 billion barrels of oil.
Hurricane opts against new Lancaster well after failing to secure flaring assurances
Hurricane Energy (LON: HUR) has opted not to drill a new well at its flagship Lancaster field after it failed to secure assurances around flaring permits.
Hurricane to carry out planned shutdown of Lancaster following latest cargo lift
North Sea operator Hurricane Energy (LON:HUR) is to carry out a planned shutdown of its flagship Lancaster field next month.