Cairn Energy updates timeline for North Sea sales, Jaws well pushed to Q4
Cairn Energy has updated its timeline for the £330m sale of its interests in the Catcher and Kraken assets in the North Sea.
Catcher
Harbour Energy picks Maersk rig for infill campaign on North Sea field
Harbour Energy has picked a Maersk Drilling rig for a trio of development wells on the Catcher area of the UK North Sea.
‘Dream came true’: Worker goes from farm in Brazil to North Sea FPSO
An oil and gas worker has described how his “dream came true” having gone from a small rural town in Brazil to a North Sea FPSO.
Fire and equipment failures hit production for Premier Oil Catcher field
A fire on board and other equipment failures cut production at the Premier Oil Catcher FPSO by nearly a quarter last year.
Waldorf Production boss says firm in the running for more deals
Waldorf Production’s chief executive has said the company remains hot on the trail of more acquisitions after inking a deal to buy stakes in the Catcher and Kraken fields from Cairn Energy.
North Sea offers ‘excitement and upside’, Cairn boss says, despite asset sale
Cairn Energy’s chief executive said today that the UK North Sea still offered “excitement and upside” for exploration and production firms.
Cairn Energy selling stakes in North Sea fields to Waldorf as flurry of deals announced
Scottish oil company Cairn Energy has agreed to sell its stakes in the Catcher and Kraken fields in the North Sea to Waldorf Production for £330 million.
Cairn says Kraken and Catcher reaching ‘natural decline phase’, targets ‘Jaws’ prospect with Shell
Scottish oil and gas firm Cairn Energy said today that its partners’ North Sea Catcher and Kraken fields were expected to “enter their natural decline phase” this year.
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.
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.
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.
Valaris set to undertake drilling works at Premier Oil’s Catcher field
Drilling firm Valaris is set to undertake drilling and subsea work at Premier Oil's North Sea Catcher field next week.
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.
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.
Talon Petroleum aims to grasp more North Sea licences
Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.
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.
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.
Cairn ‘knows what needs to be done’ with North Sea Kraken field
Scottish oil firm Cairn Energy has said it has lived up to its production guidance for the first part of 2019 and hailed the performance of the North Sea Catcher field.
Premier Oil cuts debt ‘faster than expected’, raises production guidance
UK-headquartered Premier Oil said today that its debt pile was shrinking faster than expected.
Cairn posts losses of almost £1bn amid India, Kraken troubles
Scottish oil firm Cairn Energy vowed to go after "material" exploration targets this year despite suffering losses of almost £1 billion in 2018.
‘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.
Record production steers Premier Oil back into the black
Premier Oil said today that it returned to profitability in 2018 as group production reached record levels.
Updated: Catcher production helps MOL raise upstream income by 50%
Production from the UK North Sea’s Catcher area helped Hungarian oil firm Mol Group lift its upstream earnings by almost 50% last year.