EnQuest has clinched a new £530 million debt facility, smoothing a path for its refinancing and acquisition of stakes in the Golden Eagle field.
EnQuest said today that it is “on track” to refinance its senior credit facility, paving the way for it to complete a North Sea acquisition.
Premier Oil and Chrysaor have held preliminary talks about a potential deal that would bring together two of the largest UK oil and gas producers, according to people with knowledge of the matter.
Updated: Shares sink as Premier Oil outlines refinancing proposals, looks for extra £230m from investors
Premier Oil has outlined the main terms of a proposed refinancing which would extend its debt maturities from May 2021 to March 2025.
Tullow Oil today confirmed the completion of its refinancing of $2.5billion of Reserves Based Lending (RBL) credit facilities.
Premier Oil this morning confirmed it had secured the final lock-up for its refinancing bid.
Prosafe today confirmed it had completed a massive private placement of new shares as part of its latest financial shake-up. The subscription is part of the company’s refinancing strategy.
Prosafe has revealed its new refinancing plan as it battle outstanding debt.
EnQuest has reportedly drafted in help to manage its debt portfolio as it battles a depressed oil price environment.
Service powerhouse Amec Foster Wheeler today confirmed it had completed a financing revamp.