Premier Oil has reached another “important milestone” in completing the revised acquisition of BP’s stakes in two UK North Sea fields.
Premier Oil has renegotiated its deal to buy a series of North Sea assets from BP and ended a dispute with its largest creditor.
Oil and gas giant BP is set to open a new Dyce-based Covid-19 testing facility to halt the spread of the virus to its North Sea assets.
Energy giant BP has joined a list of operators working to reduce offshore crew numbers on its North Sea assets in response to the coronavirus outbreak.
UK-based energy explorer Premier Oil can move ahead with its plan to extend debt maturities and buy gas fields in the North Sea, a Scottish court ruled on Wednesday.
Premier Oil and its biggest creditor were going head-to-head in court yesterday over the firm’s intention to extend its debts and acquire North Sea assets.
Energy giant BP has struck a deal to sell £475 million worth of North Sea assets to Premier Oil.
Oil major BP has dished out a contract to Rever Offshore for a subsea tie-back project in the UK North Sea.
Oilfield services firm Craig International has won a North Sea contract worth around £20million with BP.