Aberdeen’s Parkmead Group gets big shares boost despite £35.3 million losses
Shares in Parkmead Group, the Aberdeen energy firm run by entrepreneur Tom Cross, skyrocketed by more than one-fifth after its latest annual results.
Parkmead Group
Parkmead takes £33m hit as it gives up on Perth project
Energy firm Parkmead Group (LON: PMG) has given up on a North Sea project containing some 55 million barrels of recoverable oil equivalent (MMBoe).
Aberdeen-based Parkmead’s revenue up 140% from previous year
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.
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Parkmead achieves record full year profits as it moves on North Sea prospects
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.
Aberdeenshire wind farm delivers cash windfall to Parkmead as power prices surge
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 pulls in Gneiss to help find Greater Perth Area partner
Parkmead Group (LON: PMG) has launched a farm-out process for the Greater Perth Area (GPA) project in the Central North Sea.
Parkmead reports ‘record gas revenues’ ahead of new drilling campaign
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 finally nears drilling decision on Skerryvore in UK North Sea
Parkmead has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
Dana took £45m hit in pull out of North Sea gas project
Dana Petroleum took a £45 million write down after its shock exit from the Platypus development in the North Sea.
Aberdeen oil firm Parkmead acquires onshore wind business for £3.3m
Aberdeen oil firm Parkmead Group (LON: PMG) has acquired an onshore wind business for £3.3 million.
Aberdeen-HQ’d Parkmead boosts stakes in Dutch gas fields for £485,000
Aberdeen-headquartered Parkmead Group has agreed a €565,000 (£485K) deal to boost its holding in several onshore gas fields in the Netherlands.
Updated: Parkmead confirms agreement ‘in principle’ to become Platypus operator
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.
Parkmead raises £4m through sales of non-core land
Energy firm Parkmead Group, of Aberdeen, has raised £4 million through the sales of two tracts of land from its portfolio.
Exclusive: Frustration for suppliers as Dana decides to pull out of North Sea gas project
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.
Outages and impairments take £100m chunk out of Dana Petroleum profits
Unplanned outages and impairments took a £100 million bite out of Korean-owned Dana Petroleum’s profits last year, new documents show.
Parkmead steering toward development decision on North Sea project in 2021
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 widens search for Greater Perth Area host
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, Hibiscus to seek supply chain input on timelines for delayed North Sea projects
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 appoints new CEO
Dana Petroleum has appointed a new CEO from its Korean parent company.
Dana Petroleum delays Platypus project due to Covid-19
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
Tumbling gas prices put Parkmead in the red
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 North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
North Sea’s ‘King Midas’ focused on driving Parkmead up the value curve
Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth trajectory continues, its boss said yesterday.
Parkmead returns to profit and recruits North Sea managing director
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.