Skip to main content

Upstream news

 
 
 
 
 

Hurricane Energy posts loss of US$625.3 million

The loss includes impairment charges totalling US$567.1 million in respect of the Lancaster field, West of Shetland, and the company’s exploration assets and an associated deferred tax write-off of US$54.2 million.

 
 

ADNOC awards contract for Belbazem offshore field development

The National Petroleum Construction Co. has been awarded a contract to deliver engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45 000 bpd of light crude.