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West of Shetland gas fields in demand amid net zero drive

NORTH Sea oil and gas entrepreneur Andrew Austin has shown faith in the long term potential of the area by agreeing to buy stakes in big gas fields… ....

United Kingdom , North Sea , Oceans General , Andrew Austin , December Kistos , Viaro Energy , Rockrose Energy , Shetland Picture ,

Shetland oil firm faces uncertainty after High Court ruling

“As a result there is a significant risk of no value being returned to shareholders,” said Hurricane.
The uncertainty is heightened by the fact that Hurricane is facing a boardroom coup attempt.
Activist investor Crystal Amber Fund has called for the chairman of Hurricane, Steve McTiernan, and all four non-executive directors to be removed from office with immediate effect.
Shareholders will vote on the proposal at an extraordinary general meeting on Monday July 5.
Tomorrow chief executive Antony Maris and chief financial officer Richard Chaffe could be voted off the Hurricane board at the company’s annual general meeting.
They could continue to work for Hurricane without having seats on the board. ....

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