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.
Platypus
Parkmead takes £11million hit as it gives up on Platypus project
Parkmead Group has taken a £10.9million impairment after handing back the licences for the Platypus project in the North Sea.
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.
KNOC seeks to sell part of Dana stake in Tolmount project: Report
KNOC is planning to sell 10% of subsidiary Dana Petroleum’s stake in the Tolmount project in the North Sea.
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.
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.
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 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.
Dana Petroleum prefers tieback option for Platypus
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.