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.
Tolmount
‘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.
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.
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 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.
Dana Petroleum appoints new CEO
Dana Petroleum has appointed a new CEO from its Korean parent company.
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.
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.
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.
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.
Premier Oil: Record UK production not enough to halt dip in pre-tax profits
Record levels of production from its North Sea assets were not enough to halt a drop in pre-tax profits for Premier Oil in 2019.
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.
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.
Premier says new North Sea well imminent, keeps chipping away at debt
UK-headquartered Premier Oil said today that drilling of the Tolmount East appraisal well would start "imminently" in the southern North Sea.
‘Obvious benefits’ to more North Sea acquisitions says Premier boss
Premier Oil’s chief executive said yesterday the firm was “running hot” as it posted its first set of profitable results since 2013.
Premier Oil exceeds expectations with debt reduction drive
Premier Oil's debt reduction drive exceeded expectations in 2018, buoyed by record annual production.
Updated: Premier Oil reports ‘record production’ at Catcher
UK firm Premier Oil today hailed “record” production levels at its North Sea Catcher area.
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.