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.
Updated: Creditor vigorously opposes Premier’s plans to extend debt maturity and acquire assets from BP, Dana
Premier Oil's largest creditor has vowed to contest the firm's plans to extend debt maturities and acquire North Sea assets from BP and Dana Petroleum.
Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth trajectory continues, its boss said yesterday.
Belgian helicopter operator NHV has secured key documentation to help ensure Brexit does not disrupt its North Sea operations, the firm said today.
The owners of two North Sea oil companies could be looking to cash in on their investments.
Energy firm Parkmead Group has announced that it has delivered its field development plan and environmental statement for the Platypus gas project in the Southern North Sea.
A fresh investment of £140million has once again extended the life of a North Sea oil field, safeguarding 70 jobs in the process.
EnQuest has taken a step forward on the path to first oil from the Eagle field, which was the subject of a dispute with Dana Petroleum in 2016-17.
Westwood Global Energy reports that as of 22 August there were two active exploration wells and six appraisal wells drilling in the UK.
Production from the Western Isles project in the North Sea delivered a huge boost to Dana Petroleum's profits and revenues last year.
An Aberdeen-based oil and gas firm has been fined for accidentally releasing 83 tonnes of "toxic mud" into the North Sea.
Dana Petroleum has been fined £6,000 for accidentally releasing materials into the sea.
Aberdeen firm Dana Petroleum has opted to develop the Platypus field in the southern North Sea as a subsea tieback to an existing platform, it is understood.
Quality assurance firm DNV GL has won a fresh work with Dana Petroleum in the North Sea.
Parkmead Group boss Tom Cross said yesterday the Aberdeen-based oil firm would “take its own path” to growth as North Sea newcomers battle over assets.
Bosses at Parkmead Group said today they were "working intensively" on acquisitions to beef up the firm's portfolio.
A series of oil and gas operators have been lined up for a major southern North Sea (SNS) supply chain event.
A new chief executive has been selected for Aberdeen-headquartered oil company Dana Petroleum.
A former chief executive of Aberdeen-based Dana Petroleum has been appointed to the board of Nu-Oil and Gas.
Korea National Oil Company (KNOC) is trying to sell 30% of North Sea subsidiary Dana Petroleum, a news report said.
Oil firm Dana Petroleum confirmed yesterday that its chief executive had retired from the role.
An oil field in the central North Sea has resumed production seven years after a leak forced its shutdown.
Oil field services giant Subsea 7 has won a three-year contract extension with seven North Sea clients.
Dana Petroleum said today that it is rectifying an issue flagged by health and safety watchdogs on the Triton FPSO.