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Shetland firm benefits from oil price rise and cost savings

WEST of Shetland-focused Hurricane Energy has cut a second money-saving deal in quick succession after facing challenges amid the downturn… ....

Antony Maris , High Court , Wednesday Hurricane , Surrey Based Hurricane ,

Hurricane Energy bracing for 'bubble point' off Shetland

Hurricane Energy bracing for 'bubble point' off Shetland
heraldscotland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldscotland.com Daily Mail and Mail on Sunday newspapers.

Antony Maris , Herald Newsletter , Surrey Based Hurricane ,

Boardroom upheaval at Shetland oil firm after shareholder revolt

The production vessel used on the Lancaster field West of Shetland Picture: Hurricane Energy
EMBATTLED Shetland oil pioneer Hurricane Energy has parted company with its chairman and four directors after facing a boardroom coup attempt led by a dissident investor.
The company said yesterday that Steve McTiernan had resigned as chairman along with all four non-executive directors with immediate effect.
The resignations came after Hurricane proposed to complete a restructuring that would leave bondholders in control of the firm, and which has been denounced by shareholders.
Crystal Amber Fund called an extraordinary general meeting at which it wanted shareholders to vote Mr McTiernan and the four non-executives off the board and two replacements appointed. ....

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