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.
Parkmead Group
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.
Parkmead delivers field development plan for Platypus North Sea gas project
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.
Parkmead completes farmland acquisition
Oil and gas firm Parkmead Group has completed a £4.9 million deal to buy farmland majority-owned by the wife of chief executive Tom Cross.
Interest from majors shows west of Shetland has ‘ huge potential’, says Aberdeen academic
The uptake of licences west of Shetland by major operators shows the basin has “huge potential”, a top Aberdeen academic said.
Parkmead completes North Sea acquisition
Aberdeen-based firm Parkmead Group has completed a deal to buy Verus Petroleum out of a North Sea licence.
Parkmead doubles stake in southern North Sea field
Parkmead Group has struck a deal to double its stake in a southern North Sea gas basin licence.
Parkmead leading efforts to create North Sea mega-hub
Parkmead Group’s boss said yesterday that the Aberdeen firm would stay on the acquisition trail as it leads efforts to create a large North Sea hub.
Tom Cross hails Parkmead’s Dutch output as ‘outstanding’
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 ‘spending a lot of time’ in acquisition talks with majors
Bosses at Aberdeen-based Parkmead Group have been “spending a lot of time” talking to oil majors about potential acquisitions.
Parkmead shortens 2015 losses to £4.8million
A significant reduction in operating costs helped Parkmead group reduce its post tax loss to £4.8million, compared with £14.9million in 2014.