Dana Petroleum took a £45 million write down after its shock exit from the Platypus development in the North Sea.
Parkmead Group has taken a £10.9million impairment after handing back the licences for the Platypus project in the North Sea.
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.
KNOC is planning to sell 10% of subsidiary Dana Petroleum’s stake in the Tolmount project in the North Sea.
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.
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.
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.
Energy firm Parkmead Group has announced that it has delivered its field development plan and environmental statement for the Platypus gas project in the Southern North Sea.
Aberdeen firm Dana Petroleum has opted to develop the Platypus field in the southern North Sea as a subsea tieback to an existing platform, it is understood.