Hurricane Energy NEWS

Kevala, the startup that collects and analyzes energy grid infrastructure data for utility companies, renewable energy providers, EV charging companies, regulators and other energy industry stakeholders, has raised $21 million in a Series A round. The company says it will use the funds to grow its team from 60 employees to around 100 by the end of 2021 and increase the deployment of its grid analytics tools. Kevala’s Assessor Platform, its interactive cloud-based grid analytics toolbox, allows a range of energy industry stakeholders to leverage massive quantities of data the company has collected from public sources, as well as from its clients.

UK oil and gas company, Hurricane Energy, has updated about its operation in the Early Production System development of Lancaster field (Lancaster EPS). According to the information provided by the company, the offshore installation has been successfully completed and only proactive rock dumping program is left. The final activity will be completed by October. After the completion, FPSO, Aoka Mizu will take over the field.

UK-based Hurricane Energy sold 50% stake in the Lincoln and Warwick licences, west of Shetland, to Spirit Energy. The project would reportedly reveal initial reserves of half a billion barrels. To further explore the potential of an area holding an estimated 2 billion barrels of oil, Spirit will invest £139 million to drill three wells. Spirit will become the new GWA licence operator, post successful drilling during 2019 and 2020.

UK-based Hurricane Energy has finished the well completion for the Lancaster field, and the production wells are now set to be tied-in to the subsea infrastructure. Apart from well completion of the Lancaster EPS, where first oil is expected in 2019, installation of the mooring system for FPSO and installation of SURF are also on Hurricane’s list for this summer. The mooring system installation is currently underway, offshore UK.

UK-based Hurricane Energy has said that the company has started well completion of its 500 million barrel capacity Lancaster early production system (EPS). Well-operator, Petrofac will be using Paul B. Loyd Jr. harsh environment semisubmersible rig for completion operations. The third quarter of 2018 will see the installation of Aoka Mizu floating production, storage and offloading vessel (FPSO) at the field. The Lancaster Production will begin next year.