Resources & environment

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Premier Oil

Deal price reduced and creditor agreement

Premier has achieved a reduced price for its purchase of North Sea assets and has also and, arguably more importantly, achieved agreement with its largest creditor (and holder of a...

Oil and gas

Certainly down, but is it out?

A one-two combination of energy greening and COVID-19 has created the toughest conditions for the oil market in a very long time. There is a sense that it’s all over for the commodity....

Premier Oil

Tough times

It is a tough market all round for the oil industry and Premier Oil is no exception. It is dealing with low oil prices and COVID restrictions, like the rest of the industry, but is also...

Tullow Oil

Uganda deal a major step in the right direction

Coming on the heels of a successful debt re-determination and confirmation of new CEO leadership, the Uganda deal is a major step in the right direction. It also points to the fact...

Tullow Oil

A little comfort

The news that Tullow Oil has successfully completed its six-month reserve base lending (RBL) review should provide some comfort to shareholders. At the same time, capex...

Oil and gas

Another casualty of COVID-19

Make no mistake about it - the combination of COVID-19-related demand collapse and OPEC’s fight for market share is nothing but bad news for the oil price and industry. Current oil...

Kenmare

Transition year ahead against COVID-19 backdrop

Given some of the headwinds it faced, Kenmare turned in a very reasonable performance in 2019. However, eaten bread is soon forgotten and the current year has elevated levels of...

Cairn Energy

No surprise and in control

Reassuringly, the last operational update for Cairn Energy before its final outturn looks to be without surprise. Strategy looks well defined and financial risk is minimal at this point in...

Kenmare

Final trading update for first of two transition years

The full year production outcome is best seen in the context of a two-year transition period, during which the group is trying to expand production and hold existing output at the...

Ormonde Mining

Exits tungsten mine in Spain

The news that Ormonde has sold its 30% share in the Barruecopardo mine in Spain to Oaktree, the major shareholder in the project, for a net €6m is disappointing in the context of...