Tag: Premier Oil

• Friday, September 24th 2021 - 09:12 UTC

  Oil company lifts all South Atlantic operations, future of project in Falklands now reshaped

  

  A hydrocarbon development project in the Falkland Islands faces new challenges following the announcement of one of the companies involved that it shall be lifting all South Atlantic operations.

• Wednesday, January 13th 2021 - 09:33 UTC

  Premier Oil becomes Harbor Energy; merges with Chrysaor to make North Sea's largest oil and gas producer

  

  Premier Oil announced on Tuesday that shareholders voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5%.

• Thursday, October 8th 2020 - 09:30 UTC

  Falklands expects Premier Oil/Chrysaor merger will create new opportunities for Sea Lion oil/gas development

  

  The Falkland Islands Government has taken notice of the recent press release concerning the proposed merger of Premier Oil plc and Chrysaor Holdings Ltd.

• Wednesday, October 7th 2020 - 09:45 UTC

  Premier Oil absorbed by Chrysaor, becomes the largest independent oil and gas group on London Stock Exchange

  

  Shares in Premier Oil, with interests in the Falkland Islands, soared more than 14% on Tuesday, after the oil explorer agreed with a reverse takeover that will create the largest London-listed independent oil-and-gas group, producing more than 250,000 barrels of oil a day.

• Tuesday, August 11th 2020 - 09:00 UTC

  UK's oil industry close to collapse, says Premier Oil director; North Sea not profitable below US$ 60 a barrel

  

  The UK's oil industry is in “crisis” as prices drop, a senior industry leader has told the BBC. Oil companies and service providers are cutting staff and investment to save money.

• Thursday, May 14th 2020 - 08:50 UTC

  Premier Oil suspends Falklands' Sea Lion project; Navitas remains interested in farm out project

  

  UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands. The company said the US$1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions.

• Saturday, March 21st 2020 - 09:02 UTC

  Falklands Sea Lion project: Rockhopper and Premier confident of farm out with US/Israel Navitas

  

  Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty. The two companies in January signed non-binding heads of terms with US/Israel Navitas Petroleum, which should lead to Navitas obtaining a 30% interest in the Sea Lion offshore blocks.

• Monday, October 14th 2019 - 16:49 UTC

  Falklands oil industry warned by the Argentine government

  

  The recent announcements by Rockhopper PLC and Premier Oil referred to the development of the Sea Lion project in the Falkland Islands, have triggered a reaction from the Argentine foreign ministry.

• Friday, August 23rd 2019 - 09:50 UTC

  Premier Oil trying to sell part of its Falklands' Sea Lion project

  

  Premier Oil is selling its stake in a “world-class” project off the coast of Mexico and wants to reduce its holding in a long-awaited scheme north of the Falkland Islands as it tries to lighten its US$ 2bn debt burden, reports the Financial Times.

• Friday, March 8th 2019 - 09:11 UTC

  Premier Oil reports 2018 profit as a result of record production

  

  UK-based oil and gas firm Premier Oil with interests in the Falkland Islands has announced its full-year results for 2018, reporting a post-tax profit hike to US$ 133.4m as a result of record production. These full-year results are a ‘return to profitability’ from 2017’s full-year loss of US$ 253.8m.