Premier Oil seeks another price cut for BP North Sea assets – report
Premier Oil is seeking another price cut for the North Sea assets it is buying from BP, according to a news report.
Premier Oil
Premier Oil hands in Balmoral decommissioning plans
Premier Oil has handed in decommissioning plans for its Balmoral field after deciding to end production early.
Premier Oil in early talks on deal with Chrysaor
Premier Oil and Chrysaor have held preliminary talks about a potential deal that would bring together two of the largest UK oil and gas producers, according to people with knowledge of the matter.
Premier Oil Tolmount platform heads for North Sea – video
Premier Oil has released images of the Tolmount platform and jacket setting off for the UK North Sea.
Dana Petroleum eyes two mature North Sea prospects after new blocks awarded
Dana Petroleum is understood to be targeting two mature UK North Sea prospects after securing several blocks in the most recent licensing round.
Premier Oil boss prepared to take share price drop on the chin to solve balance sheet issues
Shares in Premier Oil slumped by almost a quarter in London yesterday after the firm unveiled plans to raise more equity as part of a new refinancing deal.
Updated: Shares sink as Premier Oil outlines refinancing proposals, looks for extra £230m from investors
Premier Oil has outlined the main terms of a proposed refinancing which would extend its debt maturities from May 2021 to March 2025.
Oil companies wonder if it’s worth looking for oil anymore
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
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.
Voyageur Spirit FPSO arrives at Kishorn dry dock
The Voyageur Spirit floating production unit has arrived at the dry dock in Kishorn on the west coast of Scotland, pictures published on social media show.
Voyageur Spirit heads to Kishorn after leaving Premier Oil’s Huntington field
The Voyageur Spirit FPSO is on its way to the Kishorn Drydocks after leaving Premier Oil’s Huntington field in the North Sea.
Premier Oil loses £9.5million legal battle to Altera over Huntington FPSO
Premier Oil has lost a $12.1m (£9.5m) legal dispute over a contract for the FPSO on the North Sea Huntington field.
‘Milestone’ reached in Premier-BP North Sea deal
Premier Oil has reached another “important milestone” in completing the revised acquisition of BP’s stakes in two UK North Sea fields.
Hurricane terminates Transocean rig contract
Transocean said in its latest fleet status report that Hurricane Energy had terminated its contract for the Paul B Loyd Jr drilling rig.
Boss says Premier to make cash in 2020 at current oil prices, supply chain ‘gouging’ not right
Premier Oil can keep making money and paying off its debts in 2020 with crude prices at recent levels, its chief executive said.
‘No sense’ in Opec+ raising production, Premier Oil boss says
Premier Oil’s boss says it would make “no sense” for Opec and its allies to increase output ahead of a meeting between the producing nations on Wednesday afternoon.
Premier warns of charges and impairments of up to £480m, new Solan well to provide boost
Premier Oil expects to book charges and impairments of up to £480 million, and a 40% drop in revenues, in its upcoming half-year results due to lower oil and gas prices.
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.
Repsol Sinopec to decommission Balmoral-related fields
Repsol Sinopec Resources UK (RSRUK) has confirmed it will decommission a pair of North Sea fields after Premier Oil called time on its Balmoral Area.
Shetland Energy Hub aims for hundreds of jobs and to make giant oilfields ‘net zero by 2030’
Ambitious plans for a new Energy Hub have been unveiled with hopes for hundreds of jobs and to make giant oil and gas fields in the West of Shetland "net zero by 2030”.
Premier Oil decides to end production early at Balmoral Area
Premier Oil has decided to end production at its Balmoral Area earlier than expected due to the Covid-19 pandemic and global downturn.
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.
Landmark ruling welcomed in Premier Oil and the contested schemes of arrangement
A new ruling on a high-value corporate debt restructuring case in Scotland could have a major impact on businesses across the UK due to the economic fallout from the Covid-19 crisis.
Premier Oil renegotiates deal to buy BP North Sea assets
Premier Oil has renegotiated its deal to buy a series of North Sea assets from BP and ended a dispute with its largest creditor.
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.