Premier Oil PLC (PMOIY.PK)
19 Sep 2017
LONDON Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters, as it tries to pay down a heavy debt pile it accrued during the oil market downturn.
* Zama breakeven may be as low as $28 a barrel -CEO (Adds details, background, CEO, analyst)
Aug 24 North Sea-focused Premier Oil has raised its 2017 production forecast by up to 7 percent on the back of a forecast-beating performance at its fields that also improved its cash flow and helped it pay down debt.
North-Sea focused Premier Oil has agreed to sell its stake in British onshore oilfield Wytch Farm for $200 million to an undisclosed buyer, the company said on Tuesday.
Aug 10 Premier Oil Plc has hired oil and gas industry veteran Roy Franklin as its chairman to succeed Mike Welton, who said in March that he would step down on appointment of a successor.
Aug 10 Premier Oil Plc named Roy Franklin as its new chairman, replacing current Chairman Mike Welton, who said in March that he would step down on appointment of a successor.
NEW YORK Oil dropped about 2 percent from a two-month high on Tuesday as major world oil producers kept pumping out supply, causing investors to worry that several weeks of steady gains had pushed the rally too far, too fast.
* Premier Oil has hedged less than 10 pct of 2018 oil, gas output
NEW YORK Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.
* U.S. weekly crude, gasoline and distillate stocks fell -EIA