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.
Lancaster Field
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.
Hurricane Energy CEO banked £415k in 2021
The chief executive of Hurricane Energy took home more than £400,000 during a year of “profound change” for the beleaguered firm.
Production holds steady at Hurricane’s Lancaster field
Hurricane Energy (LON:HUR) lifted its 28th cargo of oil from the Lancaster field last month, as new resource estimates and an FPSO charter extension suggest a prolonged life for the asset.
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.
Lancaster output holds as water cut rises
A production and financial update from Hurricane Energy suggests production at its Lancaster field is holding within its guidance, albeit with a rising water cut.
Hurricane Energy sells 530k barrels of oil from Lancaster
More than 500,000 barrels of oil were lifted from Hurricane Energy’s (LON: HUR) Lancaster field at the end of last month.
Hurricane Energy shuffles board after request from activist investor
Troubled North Sea oil and gas firm Hurricane Energy (LON: HUR) has shuffled its top team after a request from its activist investor.
Activist fund claims Hurricane’s Lancaster field could produce more for longer
Investment fund Crystal Amber has claimed that prospects for the flagship Hurricane Energy Lancaster field may be better than have been presented, and that it could sustain production to 2025.
‘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 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 records Q3 revenues of £49.8m, 23rd cargo of Lancaster oil lifted last month
Troubled oil and gas firm Hurricane Energy recorded revenues of about $69 million (£49.8m) in the second quarter of 2020.
Vote to oust Hurricane Energy non-execs directors set for next month
Hurricane Energy’s shareholder will vote next month on whether or not to oust several members of the company’s current board of directors.
Shares soar as Hurricane Energy’s activist investor moves to oust firm’s non-executive directors
One of Hurricane Energy’s biggest shareholders has moved to have several members ousted from the company’s board with “immediate effect”.
Hurricane Energy dashes hopes for new Lancaster well in 2021
Hurricane Energy today dashed hopes that it could boost production from its Lancaster field, west of Shetland, with a new well in 2021.
Exclusive: Lancaster climbdown no surprise to geologist who clashed with OGA and Hurricane management
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.
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.
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.
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.
Hurricane Energy ‘very pleased’ with Lancaster performance so far in 2020
Bosses at North Sea operator Hurricane Energy have announced today that they are "very pleased" with the performance of the firm's Lancaster discovery for the first quarter of 2020.
‘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.
Transocean reveals new details of Hurricane Energy contract
Transocean has revealed new details of its contract with Hurricane Energy for work in the west of Shetland.
‘Knee-jerk reaction’ from investors led to Hurricane Energy’s 20% share price slide
A “knee-jerk” reaction from investors to a combination of factors including recent results, Brexit and the coronavirus have been blamed for a 20% slide in Hurricane Energy’s share price.
Hurricane Energy ‘not aware of any operational reasons’ for 20% drop in share price
Hurricane Energy has insisted it is “not aware of any subsurface, operational or commercial reasons” for a steep decline in its share price in the last week.