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.
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.
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.
UK-headquartered Premier Oil said today that drilling of the Tolmount East appraisal well would start "imminently" in the southern North Sea.
Premier Oil’s chief executive said yesterday the firm was “running hot” as it posted its first set of profitable results since 2013.
Premier Oil's debt reduction drive exceeded expectations in 2018, buoyed by record annual production.
UK firm Premier Oil today hailed “record” production levels at its North Sea Catcher area.
Pipeline and terminal owner CATS Management (CML) is on the lookout for the next opportunity to kick-start a North Sea project.
Premier Oil’s boss said yesterday that the Tolmount area in the southern North Sea had the potential to be a “big” asset for decades to come.
Premier Oil said today that it had taken a final investment decision on the Tolmount gas field development project.
Premier Oil’s boss said yesterday that the company was in “good shape” to compete for North Sea acquisitions as its finances improve.
Premier Oil said today that it had completed the £17.3 million sale of its 30% stake in a North Sea pipeline system.
Shearwater Geoservices has landed a deal to carry out 3D surveying for Premier Oil’s Tolmount field.
Premier Oil's Tolmount project in the southern North Sea could act as a blueprint for other to follow, the firm's chief executive said today.
Premier Oil boss Tony Durrant said yesterday the North Sea operator was “ahead of plans” to restore its financial health after notching up record first-half production levels.
Premier Oil is pressing ahead with work on its £435million Tolmount project in the South North Sea
Bosses at Premier Oil said yesterday that the firm was closing in on a final investment decision (FID) on one of the largest gas discoveries in the southern North Sea in recent years.