Two well known oil and gas entrepreneurs are planning to make a return to the North Sea.
Premier Oil’s director of North Sea and Exploration said the independent operator was committed to its UK investment.
Oil and Gas UK (OGUK) have named four new board members.
Premier Oil has been granted some breathing room, after creditors agreed to delay the test of its financial covenants until October 31.
Premier Oil said it is in continued discussion with its lending group in terms of its existing financial facilities.
Late and over budget, the Solan development west of Shetland gave rise to a lot of “soul searching” at Premier Oil, the firm’s boss has admitted.
Each week, Energy Voice pulls together the Friday Five. Click below to see the site’s most read and engaged with copy of the week.
Premier Oil boss Tony Durrant said yesterday the firm was looking for “more rather than less” people in Aberdeen as a result of North sea expansion.
Bosses at Premier Oil today appealed for “a little bit of patience” after the North Sea explorer revealed an agreement with lenders over the firm’s debt pile had yet to be reached.
Premier Oil (LON:PMO) has posted a profit after tax of $167.1million for the first half of this year.
Details of a deal between Premier Oil and its lenders over the North Sea explorer's debt pile are expected to come out tomorrow.
North Sea explorer Premier Oil is expected to reveal details of a deal with its lenders over its $2.6billion (£2billion) debt pile later this week.
Premier Oil said it has made a "significant" oil discovery in its Bagpuss prospect in the North Sea.
Premier Oil said its lending group has agreed to a further deferral of the test of the company's financial covenants.
Premier Oil (LON: PMO) Plc rose the most this month in London trading after saying it’s benefiting from a decline in the British pound following the U.K.’s vote to leave the European Union.
The chief executive of Premier Oil has said a depreciating sterling rate has helped steady the firm’s financial footing.
Premier Oil’s LON:PMO share price continues to slide this week, after the firm confirmed talks with its lenders.
Premier Oil said it has had a further deferral on its financial covenants as it looks to agree amendments on some of its debt maturities.
Premier Oil said it has completed its acquisition of E.ON's North Sea assets.
Premier Oil's shareholders have backed the company's plans to acquire the whole of E.ON's UK North Sea assets $120m (£83m).
Premier Oil today confirmed the exit of three of its board members.
Rockhopper Exploration has hailed 2015 as a "transformational year" as the company looks ahead to developing the huge potential of the Sea Lion prospect in the South Atlantic.
Premier Oil today confirmed first oil for its Solan field.
A west of Shetland oilfield that has cost its operator more than £1.2billion to develop has missed another target date for production start-up.
Reports that a United Nations commission has ruled that Argentina’s territorial waters should be extended to include the Falklands hit the shares of South Atlantic oil explorers yesterday.