Premier Oil boss says “we are ahead of plan”, targets cash positive year, E.ON buy pays off
Premier Oil boss this morning said the firm was making strides towards a cash positive year.
Premier Oil
Premier bondholders back refinancing
North Sea firm Premier Oil said today that it had passed the threshold needed to amend the terms of convertible bonds in the company.
Pay pack rise for Premier Oil boss
Premier Oil chief executive Tony Durrant enjoyed a £360,000 boost to his overall pay package in 2016.
Premier Oil forging ahead with North Sea Tolmount project
Premier Oil is pressing ahead with work on its £435million Tolmount project in the South North Sea
Norway and China team up on North Sea FPSO project
Norwegian ship owner BW Offshore has joined forces with a Chinese financial leasing firm in an effort to make big waves in the FPSO market.
Premier Oil confirms sale of Pakistan business
Premier Oil this morning confirmed it had shifted its Pakistan business.
Craig International nets £5m contract with Premier Oil
Craig Group, of Aberdeen, said yesterday it had won a five-year contract worth up to £5million with Premier Oil in the North Sea.
Premier Oil gains £44million on final private lender “lock in”
Premier Oil enjoyed a near 16% boost to the value of its shares yesterday after it revealed a “lock in” of the last private lender to sign up to its long proposed refinancing.
Premier Oil secures final lock-up for refinancing bid
Premier Oil this morning confirmed it had secured the final lock-up for its refinancing bid.
Durrant insists Premier is on track for a healthy balance sheet
Premier Oil chief executive Tony Durrant said last night he aimed to have the North Sea operator’s net debt down to a “rule of thumb” level by the end of next year.
Premier Oil posts profit, secures majority support for refinance deal
Premier Oil today revealed it recorded profit after tax of $122.6million in 2016.
Proserv nets £5m-plus deal in Asia
North-east energy service firm Proserv said yesterday it had won a “multi-million dollar” contract with Premier Oil for work in Asia Pacific.
Analysis: Premier Oil’s forecast positive, claims analyst
Premier Oil's refinancing bid is a "positive" step despite bondholders public concerns, an analyst has claimed.
Premier to press on despite bondholder dissatisfaction
Premier Oil yesterday hailed support for a plan to restructure a $245million (£199million) tranche of its £2.3billion debt pile that would extend terms for a further five years.
SNS 2017: Industry calls for decommissioning tax relief reforms ahead of Budget
Industry chiefs have reiterated their calls for reforms of the decommissioning tax relief system ahead of next week’s Budget.
SNS 2017: Premier Oil ‘closing in’ on Tolmount investment call
Bosses at Premier Oil said yesterday that the firm was closing in on a final investment decision (FID) on one of the largest gas discoveries in the southern North Sea in recent years.
Bondholder hits out Premier Oil refinancing deal
One of the largest bondholders in Premier Oil has expressed "deep dissatisfaction" with the offered terms and consultation process for the firm's refinancing bid.
Premier Oil’s refinancing bid gets first approval
Premier Oil this morning confirmed its refinancing bid has landed its first approval
Premier and BP both in the speculation spotlight
North Sea operator Premier Oil is believed to be mulling potential tie-ups on the back of a new finance deal with lenders.
Premier Oil says lenders agree to refinancing terms
North Sea operator Premier Oil today announced that its private lenders had agreed to the terms of its long-awaited debt refinancing.
Exclusive: North Sea majors doing the right thing, says Premier Oil CEO
Oil majors are striking the right deals for the North Sea, Premier Oil’s chief executive Tony Durrant said.
Premier Oil gets initial green light for restructuring, boasts record production
Premier Oil today confirmed all of its restructuring's substantial commercial terms have been agreed.
Premier Oil to update market on Thursday on restructuring
Premier Oil is expected to update the market on Thursday regarding its long sought restructuring plans.
2016: A year of ebbs and flows for Premier Oil
Premier Oil started 2016 by suspended its shares. Speculation emerged regarding a reverse takeover. Premier later forked out $120million for E.On's North Sea assets.
Premier still working on new finance package
North Sea operator Premier Oil announced a further deferral of lenders’ covenant tests yesterday as it continues to negotiate a refinancing.