|Bid||115.00 x 2221100|
|Ask||130.00 x 472400|
|Day's Range||126.20 - 130.20|
|52 Week Range||61.04 - 135.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 7, 2018 - Mar 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.97|
TOTAL's (TOT) decision to acquire G2mobility will expand its presence in electric vehicle charging businesses, lending it greater mobility.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines UK competition watchdog launches Asda-Sainsbury's merger ...
Premier Oil is set to raise stable peak production at its Catcher field in Britain's North Sea by as much as 17 percent to 70,000 barrels of oil equivalent per day this year, after output reached that level this summer, it said on Thursday. The news came as Premier (PMO.L) reported first-half profit after tax more than doubled to $98.4 million, helped by higher oil prices. First output at the Catcher field marked a milestone for the company last December, leading it to forecast a 10 percent output hike for 2018, with the field's sustainable peak production - or plateau production - pencilled in at 60,000 barrels of oil equivalent per day (boe/d).
Oil & Gas UK responds to Premier Oil's announcement that the development of its Tolmount Main gas field has been sanctioned by joint venture and infrastructure partners.
In this analysis, my focus will be on developing a perspective on Premier Oil plc’s (LON:PMO) latest ownership structure, a less discussed, but important factor. Ownership structure of a companyRead More...
Premier Oil (PMO.L) will press ahead with the development of the Tolmount gas field in Britain's North Sea, which is expected to produce around 500 billion cubic feet (bcf) of gas from late 2020. The approval of Tolmount is the latest in a series of moves by oil and gas companies showing their commitment to the North Sea, traditionally a high-cost environment which is experiencing a revival as costs have fallen. Premier expects to pay $120 million for the development, which includes a minimal facilities platform and a pipeline commissioned from Saipem (SPMI.MI) leading to British energy group Centrica's (CNA.L) Easington terminal.
Premier Oil says the development of its Tolmount Main gas field, located in the southern North Sea, has been sanctioned by joint venture and infrastructure partners.
Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday. The strike began on July 10 after the Safe union and the Norwegian Shipowners' Association could not come to an agreement over wages and pension conditions. "The strike is over ... All workers will go back to work today," the lead negotiator for the Safe union told Reuters.
When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030. From original plans to stop production at ETAP, BP decided to invest $1 billion in 2015. "One has to take stock of the potential going forward and make an intervention that allows for the right investment to extend life," Ariel Flores, BP's North Sea Chief, told Reuters.
Per the contract, Dril-Quip (DRQ) will provide 23 subsea production systems to Premier Oil Exploration and Production Limited.
As Premier Oil (PMO.L) makes progress on shrinking its debt pile, it is turning its attention to growth from its UK Tolmount gas field and by looking at buying existing production in the North Sea. "We would aim to continue to participate in the UK North Sea going forward. Oil majors such as BP (BP.L) and Total (TOTF.PA) have also shown renewed interest in investing in North Sea assets in recent months as the oil price has rebounded and energy companies recover after slashing production costs following the oil price slump of 2014.
If you are looking to invest in Premier Oil plc’s (LSE:PMO), or currently own the stock, then you need to understand its beta in order to understand how it canRead More...
Investors have sent shares in European oil exploration and production (E&P) focussed companies like Premier (PMO.L), Tullow (TLW.L), EnQuest (ENQ.L) and Faroe (FPM.L), soaring, and some fund managers say they have not peaked yet. Shares in smaller and mid-cap British oil companies are outperforming the London FTSE blue chip index (.FTSE) and their larger competitors (.SXEP), riding the wave of rising oil prices (LCOc1) much higher than oil majors. "The sector has performed quite well, but not as well as it might have done, we've only just started the rally," said Paul Mumford, senior fund manager at Cavendish Asset Management, who is invested in Faroe, EnQuest, Tullow, Hurricane Energy (HUR.L) and Cairn Energy (CNE.L) and other smaller E&P groups.
Premier Oil (PMO.L) said on Wednesday it is heading for a "material" reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices (LCOc1) trade at their highest in more than three years. In a trading update, Premier reiterated it was on track to meet its full-year production guidance of 80,000-85,000 barrels of oil equivalent per day. "We are on track to deliver our plan of material debt reduction in 2018 and 2019 with selective investment in our future growth projects from 2020, once balance sheet strength has been restored," Chief Executive Tony Durrant said.
Premier Oil says it is heading for a 'material' reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day.
Premier Oil plc (LSE:PMO), an energy company based in United Kingdom, led the LSE gainers with a relatively large price hike in the past couple of weeks. With many analystsRead More...
Formerly sceptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices. Oil stocks could begin to close that gap if results live up to lofty expectations, with Goldman Sachs predicting the strongest free cash flow figures in a decade for the sector. Oil is the best-performing global asset this year, with Brent crude up 11.4 percent since January, but energy stocks have continued to lag the commodity.
Premier Oil (PMO.L) will look at extending the timeframe for oil price hedges beyond 12-18 months to protect its balance sheet and return on investments which might take years to start operating fully, Finance Director Richard Rose said.