Premier completes Babbage sale to Verus, Spirit becomes operator
Premier Oil has completed the sale of its interests in the Babbage Area and nearby Cobra discovery in the North Sea to Verus Petroleum.
Premier Oil
Updated: Premier Oil reports ‘record production’ at Catcher
UK firm Premier Oil today hailed “record” production levels at its North Sea Catcher area.
Premier Oil boss vows to rethink childcare at Kingswells
An Aberdeenshire-based oil boss has vowed to look again at childcare for staff members at Kingswells after being challenged at a panel discussion.
Dragons Den event shows operators should be ‘more open’ to fresh thinking
Members of the North Sea operating community have said it needs to be more open to fresh thinking, following an Oil and Gas UK event.
Fresh hope for Underwater Centre as proposals being pursued
There was fresh hope last night that new owners will be found to continue the work of a world-leading Highland subsea training centre that went into administration earlier this month.
North Sea helps Saipem bag £305million in contracts
CATS Management boss keeps eyes peeled for next opportunity
Pipeline and terminal owner CATS Management (CML) is on the lookout for the next opportunity to kick-start a North Sea project.
Concern Russian cyberwar could hit North Sea operators
Premier Oil’s head of cybersecurity has expressed concern that any action against Russia could lead to retaliation against North Sea operators.
Catcher production boosts BW
Production start-up from Premier Oil’s Catcher FPSO helped widen pre-tax profits for BW Offshore.
Tax rises would dent exploration drive, Premier’s boss says
Premier Oil’s boss said yesterday that any attempt to reverse North Sea tax breaks in the next Budget would damage efforts to encourage exploration.
Updated: Premier Oil in talks over Catcher FPSO capacity as field exceeds expectations
Premier Oil said today that the performance of its Catcher area in the North Sea has exceeded expectations following first oil in December.
Exploration could double Tolmount gas reserves, Premier says
Premier Oil’s boss said yesterday that the Tolmount area in the southern North Sea had the potential to be a “big” asset for decades to come.
Updated: Premier Oil sanctions Tolmount development
Premier Oil said today that it had taken a final investment decision on the Tolmount gas field development project.
Premier Oil inks ROV deal with M2 Subsea
Westhill-based ROV firm M2 Subsea has today signed a deal to provide inspection services for Premier Oil’s Balmoral Floating Production Vessel (FPV).
Premier Oil keeping tabs on North Sea acquisition opportunities
Premier Oil’s boss said yesterday that the company was in “good shape” to compete for North Sea acquisitions as its finances improve.
Premier Oil completes pipeline sale, board sanctions Tolmount
Premier Oil said today that it had completed the £17.3 million sale of its 30% stake in a North Sea pipeline system.
Spirit Energy to take over Babbage operatorship
Spirit Energy has agreed to take over as operator of the Babbage field and the nearby Cobra discovery in the North Sea.
Premier Oil agrees deal for North Sea decom feasibility study
Premier Oil has inked a deal with Ocean Power Technologies (OPT) for a North Sea decommissioning feasibility study on a monitoring buoy.
‘Digital twins’ can get 8% more oil from a well, says Premier Oil specialist
Creating a "digital twin" of an asset can lead to "radical cost savings" and increased production in the upstream sector, a manager at Premier Oil said today.
Premier Oil to join FTSE 250 next month in ‘positive move’
Premier Oil’s entry to the FTSE 250 index later this month is a “positive” move for the exploration and production company, an analyst said today.
Talos Energy aiming for first oil from Zama in 2022
Talos Energy is targeting first oil from the 1 billion barrel Zama discovery off Mexico in 2022.
Tech to pre-empt human error offshore through ‘behavioural DNA’
A “ground-breaking” project is being developed to proactively manage human risk in the offshore industry.
VIDEO: Watch Catcher’s journey from Asia to the North Sea
Premier Oil has released a video tracking the three-year journey of its Catcher floating production, storage and offloading vessel (FPSO), from approval to eventual production in the North Sea.
Premier eyes free cash flow boost as Catcher tops 60,000 barrels per day
Premier Oil expects to generate "significant free cash flow" in the second half of 2018 thanks to higher crude prices and increased production from the Catcher field.
The Underwater Centre rescued by offshore industry
A Highland subsea training centre has been rescued from the threat of closure after an industry collaboration with a hat-trick of offshore firms.