Dana Petroleum appoints new CEO
Dana Petroleum has appointed a new CEO from its Korean parent company.
Dana Petroleum
Picture: Tolmount platform loaded onto barge ahead of voyage to UK
Premier Oil has reached another milestone in its Tolmount gas project in spite of the Covid-19 pandemic, a photograph shared online shows.
Spirit Energy reaches ‘crossroads’ at North Sea field
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
Premier Oil scraps £152million Dana Tolmount deal, creditors approve BP North Sea acquisitions
Premier Oil has scrapped a $191million (£152m) deal to acquire an additional 25% stake in the Tolmount project from Dana Petroleum.
Altrad secures hook-up gig for southern North Sea project
Industrial service group Altrad has been chosen to provide construction, hook-up and commissioning work on Premier Oil's Tolmount project in the UK North Sea.
Torrid times in the North Sea may favour private equity
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
Premier Oil to ‘re-engage’ with stakeholders over transactions
Premier Oil said today it is “re-engaging” with stakeholders about its proposed North Sea acquisitions and extensions to debt maturities in light of current market conditions.
Dana Petroleum delays Platypus project due to Covid-19
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
Updated: Court sides with Premier Oil over deals, but roadblocks remain
A judge has sanctioned Premier Oil’s plans to acquire £660 million worth of North Sea fields and extend its debt maturities.
New well to keep Chestnut field producing for three more years, Spirit says
Oil and gas firm Spirit Energy has given the Chestnut field in the UK North Sea a three-year life extension by drilling a new production well.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Trio of UK oil and gas firms insist they can ride out market storm
A trio of London-listed oil and gas firms today insisted they could overcome volatile market conditions at the end of a bruising week.
Tailwind Energy goes after oil from Evelyn field
Oil and gas minnow Tailwind Energy is pressing ahead with a project to develop the Evelyn field in the central North Sea.
Ithaca looks to sanction second phase of Captain EOR project
Ithaca Energy has confirmed plans to sanction phase two of an enhanced oil recovery (EOR) project on the Captain field in the North Sea.
Premier in court date with opponent to acquisition, debt extension plans
Premier Oil and its biggest creditor were going head-to-head in court yesterday over the firm’s intention to extend its debts and acquire North Sea assets.
Updated: BP selling £475m worth of North Sea assets to Premier Oil
Energy giant BP has struck a deal to sell £475 million worth of North Sea assets to Premier Oil.
Updated: Creditor vigorously opposes Premier’s plans to extend debt maturity and acquire assets from BP, Dana
Premier Oil's largest creditor has vowed to contest the firm's plans to extend debt maturities and acquire North Sea assets from BP and Dana Petroleum.
North Sea’s ‘King Midas’ focused on driving Parkmead up the value curve
Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth trajectory continues, its boss said yesterday.
North Sea copter firm finds way round potential no-deal Brexit pickle
Belgian helicopter operator NHV has secured key documentation to help ensure Brexit does not disrupt its North Sea operations, the firm said today.
North Sea parents could be looking to cash in
The owners of two North Sea oil companies could be looking to cash in on their investments.
Parkmead delivers field development plan for Platypus North Sea gas project
Energy firm Parkmead Group has announced that it has delivered its field development plan and environmental statement for the Platypus gas project in the Southern North Sea.
£140m investment extends life of Spirit Energy’s Chestnut field
A fresh investment of £140million has once again extended the life of a North Sea oil field, safeguarding 70 jobs in the process.
EnQuest outlines plans for landing Eagle field
EnQuest has taken a step forward on the path to first oil from the Eagle field, which was the subject of a dispute with Dana Petroleum in 2016-17.
Darach exploration well in SNS nears completion, Westwood Global reports
Westwood Global Energy reports that as of 22 August there were two active exploration wells and six appraisal wells drilling in the UK.
Updated: North Sea project drives Dana onto £1bn revenues in 2018
Production from the Western Isles project in the North Sea delivered a huge boost to Dana Petroleum's profits and revenues last year.