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.
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.
Equinor, formerly Statoil, has awarded Aker Solutions a £91million for the supply of a module for the Troll A platform.
Statoil confirmed this morning that its new name, Equinor, was approved at the firm's AGM yesterday.
The Oil and Gas Technology Centre (OGTC) has said that small tech developers need to overcome “naivety” in order to meet the needs of North Sea operators.
Global industrial and energy firm Actuant Corporation has bought Aberdeen-based energy services company Equalizer International.
The UK Government has agreed to loan Brazilian state-owned oil firm Petrobras nearly £300million.
An Oslo court has ordered Statoil to pay Chinese firm COSL compensation for cancelling contract following a fatal accident on a rig in 2015.
Europe is facing power generation capacity shortages and may even risk blackouts without additional use of natural gas, one of the continent’s biggest producers of the fuel said.
ConocoPhillips Chairman and Chief Executive Ryan Lance said the Houston oil producer is pressing forward with recouping the $2 billion it is owed by Venezuela.
Foreign Secretary Boris Johnson has told MPs that the UK will “consider” imposing sanctions on Russian gas post Brexit.
The next phase of a collaborative industry effort to develop “a better understanding” of subsea equipment has been launched by Wood today.
New figures from PwC reinforce other recent data highlighting the woes of hotels in Aberdeen during 2017.
So-called “megatrends” facing the world over the coming decades will be examined at a professorial lecture in Aberdeen tomorrow.
The Sleipner A processing, drilling and living quarter platform in the North Sea really gets battered by the elements.
The UK Oil and Gas Chaplaincy is set to receive a £50,000 donation as Apache Corporation celebrates the 15-year acquisition anniversary of the Forties field.
The Aberdeen offshore service division of Dutch firm Vroon has clinched a multi-million-pound contract with oil major BP.
Australian oil service firm WorleyParsons said today that a two-year, UK North Sea contract extension would safeguard 165 jobs.
More than 500 jobs will be sustained or created in Scotland over the next six years as a result of backing from the Oil and Gas Innovation Centre (OGIC).
Corallian Energy has made a move to hire a rig for the drilling of the Wick prospect in the Moray Firth.
The UK’s subsea sector hopes to reap rewards from some of the young talent on show at an event in Aberdeen yesterday.
US oil major ConocoPhillips is considering an exit from the UK North Sea, a news report said.
Norwegian oil firm Statoil is facing a £809 million payout to its partners in a Nigerian oilfield - Chevron and Petrobras - after losing an arbitration dispute.
Baker Hughes, a GE Company, is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.
Aberdeen-headquartered OEG Offshore has appointed a senior vice president to take over its business in the Gulf of Mexico.
Scottish-American oil firm Ziyen will this week hold two events in a bid to attract investment.