Noreco forced to relinquish interest in North Sea’s Huntington field
Norwegian Energy Company ASA (Noreco) today confirmed it was forced to exit the North Sea’s Huntington field, after its licence partners served up a final notice.
Premier Oil
Premier Oil confirms oil find
Premier Oil’s re-drill has confirmed its oil find in the North Falkland basin.
Premier Oil battles poor weather, delays Solan’s first oil
Premier Oil today confirmed first oil from its Solan field had been pushed back until next month.
Sierra aims to beginning drilling in Mexico in 2017 after winning contract
A consortium that includes Mexico's Sierra Oil & Gas plans in early 2017 to make its first exploratory drill in one of the fields it was awarded as part of a landmark energy reform.
Premier Oil plans further capex cuts in coming years
Oil producer Premier Oil plans to allocate around $400 million a year in 2017 and 2018 to capital expenditure (capex) as it trims investments to the minimum of projects on its radar.
Rockhopper spuds in Falklands basin
Rockhopper Exploration has spudded its latest well in the Falklands region as it looks to increase the volume of proven oil.
Premier Oil seeks permit from DECC for Solan field
Premier Oil has issued a public notice after it applied to DECC (Department of Energy and Climate Change) for a permit to use and discharge chemicals in connection with the Solan field.
Premier Oil sells Norwegian business for $120million
Premier Oil has sold its Norwegian business, Premier Oil Norge, to Det norske for $120million.
Premier Oil eyes North Sea bargains
Premier Oil is eyeing North Sea bargains as the firm promised first oil from its Solan field in time for Christmas.
Premier says Solan project on track, further cost savings in 2016
Premier Oil said its Solan project is on track to produce its first oil by the end of the year off the west coast of Shetland. The company said it was also ready for first oil from the Catcher project in 2017 as it posted its results for the first 10 months of the year. The progress of the Solan field will be “subject to weather” in the UK North Sea.
Oil bosses warn of up to 10,000 more job losses in North Sea
Two of the North Sea’s biggest oil explorers have warned there could be a further 10,000 jobs losses in the oil and gas industry. Both Amjad Bseisu, chief executive of EnQuest, and Premier Oil’s chief executive Tony Durrant said the industry was making the expectation as the decline in oil price continues. Industry body Oil & Gas UK has reported up to 5,500 jobs have been affected in the last year.
Premier production is ahead of expectation
Premier Oil has revealed its production levels are ahead of expectations.
Premier Oil boss says North Sea is still not “economically viable”
The boss of UK independent oil producer Premier Oil said he does not see a viable long-term future for the North Sea - unless collaboration goes to a whole new level.
Premier Oil abandons dry well
Premier Oil is to plug and abandon a dry well in the Norwegian sector of the southern North Sea.
Premier Oil’s cash flow up as industry “resets”
A strong North Sea performance saw Premier Oil’s cash flow rise for the first half of the year.
Premier Oil cuts operating costs by 30%, closes in on Solan and Catcher first oil
Premier Oil has cut its operating costs by 30% as a challenging marketplace sees its turnover slide. The firm reported total revenues for the first half of the year topped out at $580million – down from last year’s $885million. The dip triggered Premier to cut its operating costs by 30% - down to $150million. The company credited the sale of the “high cost Scott area in the UK” for the part of the savings.
Premier gets North Sea drilling go-ahead
Premier Oil has been granted a drilling permit for a well in the southern North Sea by the Norwegian Petroleum Directorate.
UK Government warns Argentina about “unlawful” seizure of oil firms’ assets
Any attempt by Argentina to seize the assets of oil drillers operating in the disputed Falkands will have no basis in law, the UK Government has said.
Another Natuna Sea start-up for Premier Oil
Premier Oil today announced the start-up of gas production from the Pelikan field offshore of Indonesia. It follows first gas from the Naga field in the same Natuna Sea block in November.
Dyna-Mac lands FPSO work on Catcher field
Singapore-based Dyna-Mac has been awarded a contract worth a preliminary estimate of $89million to construct FPSO topside modules and one flare tower for BW Offshore. The company’s prepatory work is for the vessel which will operate at Premier Oil’s Catcher oil fields in the North Sea.
Ex-Premier Oil boss walks away with £1.2million
The former boss of Premier Oil was handed a £1.2million pay-off to leave the company last night.
Premier’s profits drop – but dream ‘Catcher’ coming
North Sea operator Premier Oil says it is preparing for a busy year of exploration with plans to sanction three new fields and drill 13 new exploration and appraisal wells in 2014.