‘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.
Lincoln
Hurricane Energy takes $4.1m hit as it gives up on Warwick Area
Hurricane Energy (LON: HUR) and its partner Spirit Energy have given up on the Warwick Area in the West of Shetland.
Hurricane Energy completes Lincoln decommissioning west of Shetland
Troubled operator Hurricane Energy has announced the completion of decommissioning work to its Lincoln well, which it once hoped to develop, in the west of Shetland.
Stena Don rig on hire for Lincoln well abandonment job, Lancaster pump fixed, Hurricane says
Troubled UK oil firm Hurricane Energy said today that the Stena Don rig is now on hire to plug and abandon the Lincoln well, which it once hoped to develop, west of Shetland.
‘Another twitch in the death throes’ for Hurricane Energy
A major downgrade in reserves, a written-off discovery and warnings of a shareholder wipeout are a “real blow to investors and debt holders” of Hurricane Energy, an analyst has said.
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.
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.
Activist investor brands Hurricane ‘key detractor’ to recent performance
An institutional investor backing Hurricane Energy has branded the oil firm a “key detractor” to its recent performance.
Hurricane, Spirit rule out Lincoln Crestal tieback in 2020
Hurricane Energy has confirmed that the Lincoln Crestal well won’t be tied back to the floating production vessel on its nearby Lancaster field this year.
Exploration headwinds force Hurricane to alter course
Hurricane Energy’s exploration adventure offshore UK is the most exciting of them all, in my view.
Hurricane Energy projects $165m revenues as Lancaster field ‘surpasses expectations’
Hurricane Energy has announced it expects revenues generated from its Lancaster field West of Shetland to reach $165m (£123m) in the 2019 financial year.
Lincoln well a confidence boost for Greater Warwick potential, analyst says
Hurricane Energy’s successful appraisal of the Lincoln field should restore confidence in the potential of the Greater Warwick Area (GWA), west of Shetland, an analyst has said.
Hurricane plans ‘seamless execution’ of drilling campaigns off Shetland
The Aoka Mizu vessel was widely expected to have been installed at the Lancaster field by now, with final preparations under way for the long-term oil production trial, beginning in the current quarter.
Hurricane Energy’s West of Shetland find totals 250 million barrels
Hurricane Energy today confirmed its basement discovery located west of Shetland totals 250 million barrels oil.