Updated: BP selling £475m worth of North Sea assets to Premier Oil
Energy giant BP has struck a deal to sell £475 million worth of North Sea assets to Premier Oil.
Premier Oil
Updated: Creditor vigorously opposes Premier’s plans to extend debt maturity and acquire assets from BP, Dana
Premier Oil's largest creditor has vowed to contest the firm's plans to extend debt maturities and acquire North Sea assets from BP and Dana Petroleum.
Bankers work on Premier debt pile, report says
North Sea operator Premier Oil has reportedly hired investment bankers at Rothschild to guide it through a refinancing of its large debt pile.
The Atlantic Frontier: A coming of age story
Welcoming a new year heralds a time for reflecting on the year that was and what is to come.
Premier Oil dismisses report it will be forced to sell assets
UK firm Premier Oil has dismissed a news report claiming it would be forced to sell off more assets with a repayment date for almost £2 billion worth of loans approaching.
UK exploration up but success rate ‘falls off a cliff’
Exploration activity in the UK North Sea has picked up substantially since last year, but the success rate has “fallen off a cliff”, an analyst has said.
Premier Oil achieves first gas off Indonesia
Premier Oil has achieved First Gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia.
NHV takes delivery of new H175 helicopter in Aberdeen
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
Joy for Premier Oil as near-perfect Catcher pays for itself
Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.
North Sea pipeline owner Kellas sold to Blackrock, GIC
Private-equity firm Antin Infrastructure Partners has agreed to sell North Sea pipeline and terminal owner Kellas Midstream, headquartered in Aberdeen.
North Sea copter firm finds way round potential no-deal Brexit pickle
Belgian helicopter operator NHV has secured key documentation to help ensure Brexit does not disrupt its North Sea operations, the firm said today.
Peterson bags £20m contract renewal with Premier Oil
International energy logistics provider Peterson has strengthened its relationship with Premier Oil after securing a contract worth £20 million.
Premier Oil ‘delighted’ with commercial discovery at Tolmount East well
The boss of Premier Oil has said he is "delighted" with a commercial discovery at the firm's Tolmount East well in the Southern North Sea.
Valaris confirms new deals and contract extensions totaling almost £200m
Rig operator Valaris has announced a number of global contracts and contract extensions totaling almost £200 million.
North Sea tested marine power buoy wins £1.5m deal in Chile
The firm behind a marine powered buoy tested in the North Sea has announced a £1.5m million contract to supply the technology in Chile.
OGUK Awards finalists revealed
The shortlist for this year’s prestigious Oil & Gas UK Awards has been revealed today.
Cairn Energy to ‘keep an eye’ on North Sea for future acquisitions after profit surge
The North Sea remains an “active market” and a basin to “keep an eye on” for future acquisitions, said the boss of Cairn Energy yesterday after his firm shot to profit.
Premier Oil director says supply chain still too big, urges support for CCS
An oil firm director has said that the supply chain is still too big in places and may have to “shrink” to become more efficient and robust.
Oil sector is UK’s ‘best hope’ of hitting net-zero goals
Oil and gas companies are the UK’s “best hope” of hitting its net-zero emissions target for 2050, industry bosses said today.
OGUK unveils 10 ‘principles’ to support battered supply chain
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
Premier Oil pressing on with projects during M&A ‘summer lull’
Premier Oil’s boss said yesterday that the company had lots to get on with in the North Sea without feeling the need to “chase acquisitions”.
Record production helps Premier Oil cut debt further, Zama stake up for sale
Record production levels helped Premier Oil put another dent in its debt pile in the first half of 2019.
New tool to add ‘millions’ of barrels to North Sea production
A new tool has been launched which will help companies produce millions of extra barrels of oil through their North Sea operations.
Costain’s Aberdeen team busy with North Sea studies, but group profits plunge
Demand for studies from North Sea operators was not enough to stop profits plunging at UK infrastructure firm Costain in the first half.
Premier Oil kicks off Tolmount East appraisal drilling
Premier Oil has started drilling an appraisal well at its Tolmount East discovery in the Southern North Sea.