Parkmead Group has taken a £10.9million impairment after handing back the licences for the Platypus project in the North Sea.
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
Think of an entrepreneur and it is likely a squillionaire comes to mind. The most recent Rich List highlights a number of those who have made their fortunes as entrepreneurs in the north of Scotland.
Parkmead Group boss Tom Cross said yesterday the Aberdeen-based oil firm would “take its own path” to growth as North Sea newcomers battle over assets.
North Sea oil and gas entrepreneur Tom Cross had lots of reasons to cheer Parkmead Group’s latest results after a string of progress markers.
Aberdeen-based Parkmead’s losses widened in its yearly financial results as it continues an investment programme for the North Sea.
Several oil explorers, including Aberdeen’s Faroe Petroleum, have said they are targeting “multiple new discoveries” following the latest North Sea licensing round.
Parkmead Group said yesterday it aimed to unlock “substantial value” from the Greater Perth Area (GPA) in the UK North Sea.
Aberdeen oil firm Parkmead has struck a deal to take full ownership of two central North Sea fields.
Parkmead this morning confirmed it had nearly doubled its stake in the major Sanda North and Sanda South structures in the West of Shetland area of the UK North Sea.
Parkmead Group has moved out of the red and into the black.
The boss at Parkmead Group hailed an “excellent year of progress” as the firm added to its portfolio and narrowed its losses significantly in the 12 months to June 30.
The boss at Parkmead Group said yesterday that the company was interested in North Sea assets that form part of Shell’s divestment plans.
Parkmead has continued its North Sea acquisition campaign, increasing its stake in a major North Sea oil project.
Aberdeen-based Parkmead Group has “tonnes of firepower” left for acquisitions after doubling its stakes in two North Sea fields, the oil and gas firm’s boss said yesterday.
Parkmead has bulked up its North Sea portfolio, doubling its stake in two UK offshore fields.
North Sea entrepreneur Tom Cross said yesterday he would “certainly be interested” in exploration and production assets currently owned by France’s Engie.