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.
Scottish oil firm Cairn Energy said yesterday that it would get to work on its first operated exploration well in UK waters later this year.
Scottish oil firm Cairn Energy said today that it would get to work on its first operated exploration well in UK waters later this year.
Premier Oil has announced that production from its North Sea Catcher field has reached over 1 million barrels since first oil was struck.
Premier Oil today said its North Sea Catcher development was exceeding expectations.
Cairn Energy today said it was in a strong position thanks to two North Sea start-ups.
The role of the Inverness and Aberdeen-headquartered Global Energy Group (GEG) in supporting Premier Oil to reach first oil on the Catcher field in the North Sea has been hailed.
Premier Oil’s chief executive said yesterday that he hopes to have the firm’s balance sheet “back in shape” in a year with the help from the “unusual” Catcher area.
Premier Oil’s debt reduction drive will “accelerate” at current oil prices as production from its Catcher field ramps up, the firm said today.
Premier Oil said today that it had reached first oil from the Catcher area in the North Sea.
Premier Oil today confirmed it had successfully hooked-up its BW Catcher Floating Production Storage and Offloading (FPSO) vessel.