Premier Oil swung to a net profit of $133.4 million in 2018 from a net loss of more than $250 million in the previous year, the British firm said on Thursday, adding it aimed to reduce its debt pile to potentially less than $2 billion by year-end…
The Liberty pipe mills at Hartlepool has been awarded a multimillion-dollar contract to supply steel pipeline for North Sea gas.The mills, which were acquired and relaunched by Liberty, part of Sanjeev Gupta’s GFG Alliance, in late 2017, have…
British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said on Thursday.The merged group, ONE-Dyas, will operate alongside a group of of…
Christmas came early for Premier Oil and its Catcher development partners. First oil was achieved from the field's FPSO today (23 December), according to FPSO owner and operator BW Offshore. BW Catcher FPSO…
Premier Oil's Catcher development is on track for first oil by the end of the year with the project's floating production vessel now moored in field. The BW Catcher vessel, built at the Keppel Shipyard in Singapore, and owned and operated by BW Offshore…
Siccar Point Energy will sell to Dyas UK Limited its 26% equity interest in three production contract licenses covering the Jackdaw discovery in the central UK North Sea. While Jackdaw operator Shell has conducted excellent work progressing the opportunity…
The Catcher floating production, storage and offloading (FPSO) vessel has set sail for the UK to work on Premier Oil's Catcher field. The unit, built at the Keppel Shipyard in Singapore, and owned and operated by BW Offshore, is expected to reach UK waters early in Q4…
Premier Oil has entered into an infrastructure partnership for the Tolmount gas development in the Southern North Sea, as the company looks to deliver first oil from Catcher in 2H 2017. Map of Catcher…
The floating production systems (FPS) market has been heavily impacted by the oil price downturn. Orders declined significantly from 17 in 2014 to four in 2015 and zero in 2016. There have been signs of a recovery in 2017, with seven orders booked year to date…
Production is increasing in the UK North Sea as investments made up to 2014 come onstream. But what’s next? Elaine Maslin takes a look. The Culzean development jacket was installed in July…
Tendering for a floating production unit and subsea systems for the SNE project offshore Senegal is set to start later this year, Cairn Energy says. The project, which has seen 2C resources increase from 473 MMbbl to 563 MMbbl, with 1 Tcf of gas resource…
Talos Energy's Zama-1 exploration well, which made the 'world class' Zama discovery, has failed to find further volumes in a deeper target. Zama-1 is being drilled in 166m water depth, in Block 7 in the Sureste Basin, about 37mi (60km) off Tabasco…
Infield Systems’ Catarina Podevyn surveys the FPSO market and discusses recent projects awards. The John Evans Atta Mills MV25 FPSO, operating at Tullow’s TEN project, offshore Ghana. Photo from MODEC…
Keppel Shipyard says it is on track to deliver the Catcher floating production storage and offloading (FPSO) vessel to BW Catcher following a naming ceremony of the vessel today (28 April). BW Catcher - the 11th FPSO Keppel has delivered…
Premier Oil says it will begin a short subsea tie-in campaign next month at the Varadero prospect, as its Catcher project remains on track to deliver first oil later this year. Image from Premier Oil Premier…
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