Premier Oil boss says falling sterling helps steady financial outlook
The chief executive of Premier Oil has said a depreciating sterling rate has helped steady the firm’s financial footing.
Premier Oil
Premier Oil’s share price continues drop
Premier Oil’s LON:PMO share price continues to slide this week, after the firm confirmed talks with its lenders.
Premier Oil gets further reprieve from lending group
Premier Oil said it has had a further deferral on its financial covenants as it looks to agree amendments on some of its debt maturities.
Premier Oil completes acquisition of E.ON North Sea assets
Premier Oil said it has completed its acquisition of E.ON's North Sea assets.
Premier shareholders back E.ON North Sea asset takeover
Premier Oil's shareholders have backed the company's plans to acquire the whole of E.ON's UK North Sea assets $120m (£83m).
Premier Oil cuts down size of board
Premier Oil today confirmed the exit of three of its board members.
Rockhopper looks ahead after “transformational” year
Rockhopper Exploration has hailed 2015 as a "transformational year" as the company looks ahead to developing the huge potential of the Sea Lion prospect in the South Atlantic.
Premier Oil achieves Solan first oil
Premier Oil today confirmed first oil for its Solan field.
Premier Oil silent over Solan start-up date
A west of Shetland oilfield that has cost its operator more than £1.2billion to develop has missed another target date for production start-up.
Premier shares sink more than 8% on Falklands fears
Reports that a United Nations commission has ruled that Argentina’s territorial waters should be extended to include the Falklands hit the shares of South Atlantic oil explorers yesterday.
Falkland sovereignty issue hits oil company share prices
A UN Commission recommendation to expand Argentina's waters to include those around the Falkland Islands hit shares in oil and gas companies with interests in the South Atlantic.
Double boost for Premier Oil shares
Premier Oil saw tens of millions of pounds piled onto its market value yesterday.
Premier Oil shares gain on plans to merge North Sea operations
Premier Oil Plc advanced the most in almost three weeks after the North Sea explorer told the Financial Times it’s planning to merge operations with some rivals to cut costs.
Premier Oil boss buys hundreds of shares in company
Premier Oil chief executive Tony Durrant has acquired 312 shares of the firm’s stock.
Premier Oil’s losses widen to $829million in 2015
Premier Oil reported a pre-tax loss of $829.6million - up from $362.5million the previous year, as it became the latest producer to be hit by the low oil price.
Sea Lion illustrates the importance of Falkand basin
Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength as its first project, Premier Oil’s Sea Lion, moves closer to commercialisation, according to an analyst with research and consulting firm GlobalData.
North Sea pipelines should be forced to stay open, says Premier Oil boss
The Oil and Gas Authority must be able to force companies to keep their pipelines and refineries open in the wake of low oil prices, according to Premier Oil's boss.
Premier claims Ocean Rig breached drill rig contract
Premier Oil has served a notice to Ocean Rig for breach of material obligations under the contract for the Eirik Raude drilling unit.
Premier shares soar on resumption of trading
Premier Oil's shares more than doubled in value after trading resumed this morning following a suspension caused by the acquisition of E.ON's North Sea assets.
Premier Oil’s shares to resume on London Stock Exchange
Premier Oil’s shares will resume trading on the London Stock Exchange after reaching a deal with E.ON for its North Sea assets.
Premier Oil’s shares suspended for third day
Premier Oil shares remained suspended yesterday amid uncertainty over the status of the firm’s latest North Sea investment. The stock was worth 19p per share before Wednesday’s request from London-based Premier to halt trading, due to its £83million-plus acquisition of assets from Germany’s E.ON.
Premier Oil confirms deal to acquire E.ON’s North Sea assets for $120m
Premier Oil has confirmed it will acquire E.ON's North Sea assets in a $120million deal.
Premier Oil: an independent with a long history
Premier Oil is one of the UK's longest established independent oil companies.
Rockhopper’s Sea Lion field potential soars by 60 million barrels
Rockhopper Exploration expects to deliver 60 million more barrels of oil from its Sea Lion asset after revised plans revealed field life has increased from 15 to 20 years.
Updated: Premier Oil’s shares suspended
Premier Oil this morning confirmed its shares had been suspended from the London Stock Exchange ahead of a potential takeover.