Shares in Parkmead Group, the Aberdeen energy firm run by entrepreneur Tom Cross, skyrocketed by more than one-fifth after its latest annual results.
Energy firm Parkmead Group (LON: PMG) has given up on a North Sea project containing some 55 million barrels of recoverable oil equivalent (MMBoe).
The Aberdeen headquartered Parkmead Group (LON: PMG) has announced that in the last six months of 2022 revenues were up 140% compared to the previous year.
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Parkmead Group (LON: PMG) is toasting a set of “excellent” full year results, with bumper oil and gas prices driving the firm to record takings.
A 250% surge in the price of power has delivered a cash boost to Parkmead Group (LON: PMG) at its wind farm in Aberdeenshire.
Parkmead Group (AIM: PMG) has reported a year of stellar performance from its shares in Dutch gas assets as it plans further drilling later in the year.
Parkmead has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
Dana Petroleum took a £45 million write down after its shock exit from the Platypus development in the North Sea.
Aberdeen oil firm Parkmead Group (LON: PMG) has acquired an onshore wind business for £3.3 million.
Aberdeen-headquartered Parkmead Group has agreed a €565,000 (£485K) deal to boost its holding in several onshore gas fields in the Netherlands.
Energy firm Parkmead Group confirmed today that it had “agreed in principle” to take over as operator of the Platypus project in the southern North Sea.
Energy firm Parkmead Group, of Aberdeen, has raised £4 million through the sales of two tracts of land from its portfolio.
Dana Petroleum, of Aberdeen, intends to withdraw from a North Sea gas project which had been earmarked for an investment decision in the near term, it can be revealed.
Unplanned outages and impairments took a £100 million bite out of Korean-owned Dana Petroleum’s profits last year, new documents show.
Parkmead Group’s boss said yesterday that the Aberdeen-based energy firm hoped to settle on the best development option for its flagship UK North Sea oil project next year.
Parkmead Group, of Aberdeen, has widened its search for a host facility for its Greater Perth Area (GPA) project in the central North Sea.
Dana Petroleum is going back out to its supply chain for help plotting the way ahead for a UK North Sea development project.
Dana Petroleum has appointed a new CEO from its Korean parent company.
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
Parkmead Group’s boss said the energy company had “retained its financial strength” despite being pushed into the red by falling gas prices.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth trajectory continues, its boss said yesterday.
A strong showing from its Dutch onshore gas fields, a drop in exploration work and the sale of stakes in Faroe Petroleum swung Parkmead Group back to profit in 2018-19.