Premier Oil can keep making money and paying off its debts in 2020 with crude prices at recent levels, its chief executive said.
Premier Oil’s boss says it would make “no sense” for Opec and its allies to increase output ahead of a meeting between the producing nations on Wednesday afternoon.
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.
Premier Oil has scrapped a $191million (£152m) deal to acquire an additional 25% stake in the Tolmount project from Dana Petroleum.
Repsol Sinopec Resources UK (RSRUK) has confirmed it will decommission a pair of North Sea fields after Premier Oil called time on its Balmoral Area.
Ambitious plans for a new Energy Hub have been unveiled with hopes for hundreds of jobs and to make giant oil and gas fields in the West of Shetland "net zero by 2030”.
Premier Oil has decided to end production at its Balmoral Area earlier than expected due to the Covid-19 pandemic and global downturn.
Industrial service group Altrad has been chosen to provide construction, hook-up and commissioning work on Premier Oil's Tolmount project in the UK North Sea.
A new ruling on a high-value corporate debt restructuring case in Scotland could have a major impact on businesses across the UK due to the economic fallout from the Covid-19 crisis.
Premier Oil has renegotiated its deal to buy a series of North Sea assets from BP and ended a dispute with its largest creditor.
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
North Sea energy services firms including Wood, Petrofac and Hunting enjoyed a share price boost in the City today.
The UK is poised to lead the way as operators increase spending on North Sea decommissioning work amid low oil prices, according to a new report.
Premier Oil’s boss says the UK oil industry deserves a “pat on the back” for keeping production flowing during the Covid-19 lockdown.
Premier Oil’s boss has said BP is “willing to listen” as the firm looks to renegotiate the terms of a North Sea acquisition due to the slump in oil prices.
Premier Oil said today it is “re-engaging” with stakeholders about its proposed North Sea acquisitions and extensions to debt maturities in light of current market conditions.
A group of workers have been evacuated from a Valaris drilling rig working in the North Sea due to concerns over an outbreak of Covid-19 onboard.
A judge has sanctioned Premier Oil’s plans to acquire £660 million worth of North Sea fields and extend its debt maturities.
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
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.