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Premier Oil PLC news

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BP and Premier Oil gush on oil-friendly tax relief
BP and Premier Oil celebrated a red-letter day, as they each followed up on an oil-friendly Budget with upbeat announcements.
Oil industry warns of declining North Sea production
Oil production in the North Sea experienced a stark decline in 2011, according to industry body Oil & Gas UK (OGUK).
Budget 2012: Chancellor announces North Sea oil tax relief
Oil and gas firms operating in the North Sea will be guaranteed tax relief for the costs of retiring old rigs and platforms and be given new field allowance totalling �3 billion for large and deep fields to open up west of Shetland.
Budget 2012: Oil companies enjoy unintended North Sea tax 'windfall'
Premier Oil said it had taken the "tough" decision to go ahead with the Solan project prior to the Budget. It had anticipated reaching final decisions on three similar fields it was "very keen on" this year, which, pending policy details, the Budget ...
South Africa looks for alternatives to Iran oil
South Africa, Africa's largest economy, relies on Iran for about 29 per cent of its oil imports, according to the US Energy Information Administration.
Oil prices: A tale of two tails  Calgary Herald (blog)
What will China and India do without Iran's oil?
Despite its thirst for oil, Japan reduced imports from Iran after a request from the US. As a result it was exempt from US sanctions which aim to punish countries that continue to trade with Iran.
China Announces 2nd Fuel Price Rise As Inflation Fears Ease  International Business Times
China to up fuel prices 6 to 7 percent; biggest hike in 33 months  Reuters
China's Wen Jiabao says 'reforms urgent'
China's Premier Wen Jiabao has delivered a strong warning about the ''urgent'' need for reforms, without which, he said, tragedies such as the Cultural Revolution could still happen.
Wen Jiabao: Emotional Chinese premier says democracy cannot be held back  Daily Mail
China Mulls Legalizing Informal Lending  Wall Street Journal
Slow reform weighs on Nigerian oil
At its peak, just three years ago, insecurity in the delta cut output in Africa's largest oil producer by up to 40 per cent, to less than 1.7m barrels per day, industry officials say.
Van Persie strengthens Gunners grip on fourth place
Robin van Persie proved his worth to Arsenal as one of the deadliest strikers in world football as he scored two goals to snatch victory at Anfield.
Premier Foods renegotiates debt covenants
Premier Foods, the indebted maker of Mr Kipling cakes and Hovis bread, has secured a fresh agreement with lenders that extends its �1.2bn loan by two-and-a-half years and resets covenants.