Oil and gas leopards changing their spots to focus on investor returns
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
Premier Oil
Chrysaor to adopt name of largest shareholder Harbour once Premier deal completes
North Sea giant Chrysaor will adopt the name of its backer once it completes the reverse takeover of Premier Oil early next year.
Outages and impairments take £100m chunk out of Dana Petroleum profits
Unplanned outages and impairments took a £100 million bite out of Korean-owned Dana Petroleum’s profits last year, new documents show.
Powering up or fizzling out? Weighing up change in the energy sector
As one of the most unusual years in all of our lives draws towards a close, we have been asked to share a few reflections on the effects felt in the energy sector.
Chrysaor eyeing up more drilling in 2021
Chrysaor is looking to book two more drilling rigs to support its North Sea operations next year, according to the firm’s executive vice president of operations.
Chrysaor merger sees Premier Oil Sea Lion farm-out go into extra time
A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
HSE scolds Chrysaor after Jade platform lifeboat fails to launch
The Health and Safety Executive (HSE) has criticised Chrysaor after failing to maintain the launching system for its only lifeboat on board the Jade platform.
Chrysaor-Premier Oil deal could be ‘harbinger of things to come’
Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit.
Premier Oil in ‘final negotiations’ ahead of FID on Tolmount East
Premier Oil is in "final negotiations" with contractors ahead of an investment decision being made on the proposed Tolmount East development.
Fire knocks out production at Premier Oil Catcher FPSO
Premier Oil has announced that production from its Catcher FPSO has been stopped after a fire broke out on board.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Number of North Sea reverse takeover candidates has ‘diminished significantly’
The number of public listed North Sea operators that could be a suitable fit for a reverse takeover have “diminished significantly”, according to an industry experty.
Altera relocating ‘principal office’ to Aberdeenshire from Bermuda
Floating production vessel contractor Altera Infrastructure is relocating its headquarters from Bermuda to its premises in Westhill, near Aberdeen.
Premier Oil creditors give backing for Chrysaor merger
Premier Oil said today that its creditors have backed its proposed merger with Chrysaor and reorganisation of its finance arrangements.
Suncor mulls sale of stakes in UK and Norwegian North Sea fields
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
‘Big milestone’ for Premier Oil after Tolmount topside successfully installed
Premier Oil has welcomed a major milestone after the Tolmount platform was successfully installed in the early hours of this morning.
Premier Oil hails arrival of Tolmount platform in North Sea, kicks off installation
Premier Oil has hailed the arrival of its Tolmount platform in the North Sea and kicked off installation work.
King Chrysaor, dratted imperialists, and five days of Forties at 50
In this week’s episode, in association with the ISA, the EV boys got under the skin of the week’s biggest slab of M&A news, which sees private-equity backed Chrysaor cement its position as the UKCS’s production King through a merger with Premier Oil.
Premier Oil deal won’t end Chrysaor acquisition spree – Westwood
The Chrysaor-Premier Oil mega merger won’t mark the end of Chrysaor’s acquisition spree, according to the top consultant at Westwood Global.
North Sea ‘ripe for consolidation’, analyst says
The UK oil and gas sector is “ripe for consolidation”, an analyst said following Chrysaor’s announcement that it was merging with Premier Oil.
Updated: Chrysaor and Premier Oil to merge, BP deal scrapped
Chrysaor will merge with London-listed Premier Oil in a reverse takeover which cements the private-equity backed firm’s position as the UK continental shelf’s top producer.
Premier boss expects ‘further talks’ on BP deal post-merger
Tony Durrant said he was “disappointed” that Premier Oil’s acquisition of BP’s stakes in the Andrew and Shearwater fields had been derailed.
Cook and Wentworth boss will be only two women CEOs of London-listed oil companies
Linda Cook’s appointment to the top job at the combined Chysaor-Premier Oil business will make her only the second woman chief executive at a London-listed oil and gas company.
CNOOC seeks buyers for Scott platform in UK North Sea: Report
CNOOC is looking for buyers for its Scott platform and associated oilfields in the UK North Sea, according to Reuters.