Search results for: Premier Oil

71973 results

A list of search results

  • 5 April 2017

    Premier Oil, an oil company with the main focus on the UK North Sea, has agreed to sell its subsidiary in Pakistan to Al-Haj Energy Limited. The company, working to bring online its Catcher field in the North Sea this year, is selling Premier Oil Pakistan Holdings BV, deemed a non-core asset, for $65.6 million. […]

  • 1 April 2016
    Business & Finance

    Oil and gas company Premier Oil has announced that Iain Macdonald will join the company’s board as an independent Non-Executive Director and member of the Audit & Risk Committee with effect from May 1, 2016. The oil company said that Iain Macdonald would stand for election by shareholders at the forthcoming Annual General Meeting to […]

  • 13 March 2020
    Business & Finance

    In light of the current market volatility, Premier Oil is looking into its ability to reduce the capex program for 2020 with the possibility to save at least $100 million. 

  • 10 August 2017
    Business & Finance

    Premier Oil, a UK-based oil company, has named Statoil’s acting chairman as a new non-executive chairman of the company’s board of directors. Premier said on Thursday that Roy Franklin would join the company’s board as a non-executive chairman with effect from September 1, 2017. He succeeds Mike Welton who, after eight years as chairman, announced […]

  • 14 April 2016
    Business & Finance

    UK-based oil company Premier Oil announced that its Falkland Islands and South-East Asia director, together with other two non-executive directors, is stepping down from the company’s board of directors. Neil Hawkings, in charge of Falkland Islands & SE Asia, has decided to step down from the board with effect from June 30, 2016. In addition, David Bamford and Michel Romieu, […]

  • 18 July 2017

    Premier Oil, a UK-based oil and gas company which has been working on debt refinancing for months, has made a crucial step in its efforts. The company on Tuesday said its schemes of arrangement had received final sanction at a hearing of the Court of Session in Scotland. Following the sanction of the schemes, the […]

  • 13 January 2016
    Business & Finance

    Shares in Premier Oil, an international oil and gas exploration and production company, have been suspended from trading on the London Stock Exchange ahead of possible merger & acquisition (M&A) announcement.  According to Premier’s statement on Wednesday, the shares were suspended with effect from 7.30am Wednesday morning pending an announcement of a potential acquisition of assets by Premier. […]

  • 20 August 2015

    Premier Oil has agreed to not pay dividends for two years under a renegotiation of agreements with banks and bondholders

  • 5 April 2017

    Craig International has signed a five-year procurement contract for all Premier Oil’s maintenance and repair operations in the UK North Sea. The contract could be with worth up to £5 million. Jill MacDonald, joint managing director of Craig International, said: “We’ve built a strong relationship with Premier Oil and securing this contract recognizes the value outsourced […]

  • 1 July 2016

    UK oil company Premier Oil has informed that its lending group has agreed to defer and replace the test of its financial covenants. Premier, which is in discussions with the lending group on the terms of its existing financial facilities, said on Friday that the talks were progressing well and that the company’s test of financial covenants at […]

  • 1 September 2017

    London-listed oil and gas company Premier Oil has extended its membership in the Industry Technology Facilitator (ITF) by three years. The organization said on Thursday that Premier Oil had been its member 2011. ITF supports the industry in unlocking oil and gas reserves through collaborative investment in new technologies. The company will join BP, ExxonMobil, Lloyd’s […]

  • 28 October 2019
    Business & Finance

    Premier Oil has renewed a long-term contract worth over £20 million with International energy logistics provider Peterson.

  • 28 March 2019

    UK oil and gas company Premier Oil has completed the sale of its assets in Pakistan almost two years after first announcing an agreement to sell. “Premier is pleased to announce that it has completed the sale of Premier Oil Pakistan Holdings BV, which comprises Premier’s Pakistan business, to Al-Haj Energy Ltd,” Premier Oil said […]

  • 11 May 2016

    Premier Oil, and UK-based oil company, is set to break its 2016 production guidance ceiling. In its trading update on Wednesday, Premier Oil said that strong production to April 30, of 57.3 thousands of barrels of oil equivalent per day put the company on track to deliver at or above upper end of 2016 guidance […]

  • 13 April 2016
    Business & Finance, Project & Tenders

    Independent oil and gas company Premier Oil has announced that first oil from the Solan field, in the UK North Sea, was achieved on April 12, 2016. According to the company’s statement on Wednesday, the first producer well (P1) is being naturally flowed at a deliberately restricted initial rate. It is planned that the well will […]

  • 19 February 2020
    Business & Finance

    Norwegian offshore vessel owner Solstad Offshore has been awarded a long-term contract with Premier Oil in the UK.

  • 16 May 2019
    Business & Finance

    Premier Oil is lifting its production guidance for the year as the current levels of oil and gas output are ahead of forecast.

  • 16 May 2019

    UK oil and gas firm Premier Oil expects to start producing gas from three fields in the Natuna Sea Block A offshore Indonesia at the end of 2019.

  • 14 July 2017

    Premier Oil, a London-listed oil and gas company, has reiterated its expected final investment decision date for the Tolmount gas field in the North Sea will be the first half of next year. The independent oil and gas producer and explorer said on Thursday that offshore and onshore FEED on the Premier-operated Tolmount field in […]

  • 29 December 2016
    Business & Finance

    Independent UK oil company Premier Oil has received another, monthly deferral in respect of the test of its financial covenants.  The company said on Thursday that the test for the 12 month period ending December 31, 2016, was waived and replaced by a test for the 12 month period ending January 31, 2017. Premier noted […]

  • 24 September 2015

    Premier Oil, an independent exploration and production company, has reported that its daily production rate is above its full year guidance.  According to the company, its production year-to-date has averaged 57.1 kboepd. Summer maintenance activities have been completed and production has returned to previous levels, the company noted. As a result, production remains ahead of full year […]

  • 12 November 2015
    Business & Finance

    Subsea 7 has signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, FEED, SURF project execution and Life of Field operations, on a preferred supplier basis. The agreement also enables Subsea 7 access to participate in relevant Premier decommissioning scopes. The agreement is applicable to the activities in the UK, Falkland […]