A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.
Drilling firm Valaris is set to undertake drilling and subsea work at Premier Oil's North Sea Catcher field next week.
A trio of London-listed oil and gas firms today insisted they could overcome volatile market conditions at the end of a bruising week.
Premier Oil "retains significant liquidity" despite concerns voiced by a major investor that the firm is "running out of cash", according to a new trading update.
Premier Oil Plc needs to review its debt obligations as it faces the likelihood of running out of money soon with oil prices at less than $40 per barrel, according to its largest creditor.
Oil shares were decimated in London this morning after a crude price war erupted between Saudi Arabia and Russia.
Premier Oil will be “increasing its workforce” in other UK projects as the vessel which produces through its Huntington field prepares to sail off in summer.
Premier Oil’s UK and North Sea boss has stepped down from the role to follow his “strong personal interest” in climate change as the firm announced a new net zero policy.
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.
Teekay Offshore has denied claims it told dozens of workers on a North Sea production vessel that they were being made redundant.
The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.
Premier Oil creditors have voted in favour of the firm's plans to buy North Sea assets and extend debt maturities.
Premier Oil’s largest creditor has spoken out once more against the firm’s plans to acquire North Sea assets and extend debt maturities.
Up to 100 jobs are thought to be at risk from Premier Oil's plans to terminate vessel owner Teekay’s contract for a North Sea field.
Premier Oil’s largest creditor is refusing to back down in its challenge to the company’s planned acquisitions and debt maturity extensions.
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.