UK-based energy explorer Premier Oil can move ahead with its plan to extend debt maturities and buy gas fields in the North Sea, a Scottish court ruled on Wednesday.
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.
North Sea operator Premier Oil has reportedly hired investment bankers at Rothschild to guide it through a refinancing of its large debt pile.
Welcoming a new year heralds a time for reflecting on the year that was and what is to come.
UK firm Premier Oil has dismissed a news report claiming it would be forced to sell off more assets with a repayment date for almost £2 billion worth of loans approaching.
Exploration activity in the UK North Sea has picked up substantially since last year, but the success rate has “fallen off a cliff”, an analyst has said.
Premier Oil has achieved First Gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia.
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.
Private-equity firm Antin Infrastructure Partners has agreed to sell North Sea pipeline and terminal owner Kellas Midstream, headquartered in Aberdeen.
Belgian helicopter operator NHV has secured key documentation to help ensure Brexit does not disrupt its North Sea operations, the firm said today.
International energy logistics provider Peterson has strengthened its relationship with Premier Oil after securing a contract worth £20 million.
The boss of Premier Oil has said he is "delighted" with a commercial discovery at the firm's Tolmount East well in the Southern North Sea.
Rig operator Valaris has announced a number of global contracts and contract extensions totaling almost £200 million.
The firm behind a marine powered buoy tested in the North Sea has announced a £1.5m million contract to supply the technology in Chile.
The shortlist for this year’s prestigious Oil & Gas UK Awards has been revealed today.
The North Sea remains an “active market” and a basin to “keep an eye on” for future acquisitions, said the boss of Cairn Energy yesterday after his firm shot to profit.
An oil firm director has said that the supply chain is still too big in places and may have to “shrink” to become more efficient and robust.
Oil and gas companies are the UK’s “best hope” of hitting its net-zero emissions target for 2050, industry bosses said today.
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
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.
A new tool has been launched which will help companies produce millions of extra barrels of oil through their North Sea operations.