UK-based oil and gas company has won three offshore licenses as part of the UK's 32nd Offshore Licensing Round. The round offered for award 113 license areas over 259 blocks or part-blocks to 65 companies.Premier Oil said that the blocks awarded were near its operated assets…
Dutch offshore installation contractor Heerema Marine Contractors has installed two jackets for wind farm developer Ørsted. The jackets will provide the foundation for the Hornsea 2 offshore wind farm’s RCS and OSS platforms.Heerema used its…
As London-listed Premier Oil and UK North Sea focused Chrysaor announced their proposed all-stock merger this week, creating one of the largest UK North Sea oil and gas producers, Global Data analysts think the deal is a 'win-win.'As reported Tuesday…
Premier Oil said on Thursday it will not acquire the additional 25% interest in the Tolmount gas project from South Korea's Dana Petroleum, while its creditors approved the acquisition of BP's North Sea assets under the amended terms.The UK…
Industrial services provider Altrad has won a contract with Rosetti Marino to assist with the hook-up and commissioning of Premier Oil's Tolmount offshore gas platform in the Southern North Sea, offshore the UK.Under the contract, Altrad will be responsible for the provision of temporary access…
North Sea focused oil and gas producer Premier Oil said on Wednesday it expected to make cash this year based on current futures contract prices, upgrading its outlook after saying in May it expected to be cash flow neutral this year.It hedged…
Premier Oil is asking BP to cut the sale price of two North Sea oilfields in a proposed $625 million deal due to weak oil prices, Chief Executive Tony Durrant said on Wednesday.The company is also talking to shareholders, creditors and brokers…
A British court on Wednesday approved Premier Oil's plans to extend debt maturities by two years and raise up to $500 million in equity to buy North Sea assets from BP and others, but the deal depends on market conditions, Premier said.Activist hedge fund ARCM…
UK-based oil company Premier Oil has chartered a Solstad Offshore vessel to support its Tolmount field operations in the UK sector of the North Sea.The Norwegian offshore vessel operator Solstad said Wednesday that it had won a contract for the platform supply vessel Normand Flipper…
British North Sea-focused oil and gas producer Premier Oil has committed to carbon-neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field…
Premier Oil found gas while drilling at the Tolmount East well in the North Sea, the company announced on Thursday.The 42/28d-14 well in P1330, Block 42/28d was targeting 220 BCF of P50 gross resource, in an undrilled area four kilometers east…
Premier Oil's biggest lender on Friday raised fresh concerns over the company's plan to have its creditors vote on planned acquisitions of North Sea assets under a scheme that allows it to delay debt repayments and issue new shares. The company…
State-run Korea National Oil Corp (KNOC) has scaled back efforts to pull out of the British North Sea, focusing on the sale of its stake in the Tolmount gas project, three industry sources said.Heavily indebted KNOC earlier this year tried to…
State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.KNOC had hired…
Italian oil firm Saipem has signed new offshore E&C contracts in Azerbaijan, the North Sea and the Republic of Congo. The overall value of the contracts is approximately $400 million.In Azerbaijan, Total has awarded a SURF contract to the consortium between Saipem’s subsidiary…
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