It is expected that Premier oil is to receive official clearance for the development of two North Sea oil fields in the next few months. This happened due to their strong performance in the area that helped generate USD180 million cash in the first half. The London-based company has achieved an increase in their average...

Hibiscus Petroleum Bhd, an independent oil and gas exploration and production (E&P) has acquired oil and gas rights offshore of the United Kingdom’s sector in the North Sea, worth USD5 million. Hibiscus mentioned that its indirect wholly-owned subsidiary, Anasuria HIbiscus UK Ltd, has entered a conditional non-binding term sheet during a filing with Bursa Malaysia...