The 1990s were a brutal time in the North Sea, with the oil & gas industry largely pre-occupied with trying to recover from the 1986 global price crash and culminating with the second crash, the slide for which began in 1997 and bottomed out late 1998/early 1999.
Aberdeen-headquartered Parkmead Group has agreed a €565,000 (£485K) deal to boost its holding in several onshore gas fields in the Netherlands.
Dana Petroleum has appointed a new CEO from its Korean parent company.
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.
Bosses at Parkmead Group said today they were "working intensively" on acquisitions to beef up the firm's portfolio.
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.
Parkmead Group is looking beyond traditional oil and gas activities for new acquisition opportunities, chief executive Tom Cross has revealed.
Parkmead Group boss Tom Cross said yesterday an increase in gas production from Dutch assets amid a severe industry downturn was “an outstanding achievement” by the Aberdeen firm.
Parkmead Group has moved out of the red and into the black.
North Sea entrepreneur Tom Cross said yesterday he would “certainly be interested” in exploration and production assets currently owned by France’s Engie.
A significant reduction in operating costs helped Parkmead group reduce its post tax loss to £4.8million, compared with £14.9million in 2014.