Hurricane will pay off the rest of its outstanding debt at the start of next week
Hurricane looks to a debt-free future
Embattled North Sea producer is set to pay off the last of its convertible bonds later this month
Hurricane Energy, the UK continental shelf upstream firm with a focus on fractured basements, will repay the final $78.5mn of its outstanding debt at the start of next week. And it is already looking forward to how it might reposition itself. Following the repayment—and assuming oil prices remain at over $90/bbl—Hurricane forecasts it will be holding net free cash of more than $75mn at the end of July. And if oil prices for a cargo of crude from its sole Lancaster producing asset are above $110/bl, its net free cash forecast increases to above $85mn. “We now look beyond repayment of the bonds with a strong cash position and balance sheet,” says the firm’s CEO, Antony Maris. “We believe that
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
