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.
Catcher
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.
Babcock bags Catcher modifications deal
Babcock will undertake fabrication and modification work on the vessel serving Premier Oil's Catcher field in the North Sea as part of a four-year agreement.
Talon Petroleum clinches second North Sea acquisition
Australian firm Talon Petroleum has struck a deal to buy EnCounter Oil, more than doubling the size of its North Sea portfolio.
North Sea cash flow to bolster Cairn’s big growth plans
Bosses at Cairn Energy said today that cash flow from its North Sea interests would help the firm take advantage of "significant growth opportunities".
Premier Oil exceeds expectations with debt reduction drive
Premier Oil's debt reduction drive exceeded expectations in 2018, buoyed by record annual production.
Premier Oil applies for North Sea tieback project
Premier Oil is making progress with plans to develop the Laverda field in the Greater Catcher Area.
Catcher production boosts BW
Production start-up from Premier Oil’s Catcher FPSO helped widen pre-tax profits for BW Offshore.
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.
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.