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 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.
Drilling firm Valaris is set to undertake drilling and subsea work at Premier Oil's North Sea Catcher field next week.
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.
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.
Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.
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 levels helped Premier Oil put another dent in its debt pile in the first half of 2019.
UK-headquartered Premier Oil said today that drilling of the Tolmount East appraisal well would start "imminently" in the southern North Sea.
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.
UK-headquartered Premier Oil said today that its debt pile was shrinking faster than expected.
Scottish oil firm Cairn Energy vowed to go after "material" exploration targets this year despite suffering losses of almost £1 billion in 2018.
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 said today that it returned to profitability in 2018 as group production reached record levels.
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 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.
Australian firm Talon Petroleum has struck a deal to buy EnCounter Oil, more than doubling the size of its North Sea portfolio.
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's debt reduction drive exceeded expectations in 2018, buoyed by record annual production.
Premier Oil is making progress with plans to develop the Laverda field in the Greater Catcher Area.
Production start-up from Premier Oil’s Catcher FPSO helped widen pre-tax profits for BW Offshore.
Premier Oil’s boss said yesterday that the company was in “good shape” to compete for North Sea acquisitions as its finances improve.
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 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.