The executive chairman of Scottish oil company Parkmead Group said yesterday it had a continued appetite for acquisitions and would look to add reserves through its drilling programme.
Cairn Energy said yesterday it made losses of more than £750million during 2011 but saw multibillion-barrel potential for oil in Baffin Bay offshore Greenland.
Expro has reported sharply lower revenue and operating profits for the year to March 31 because of the downturn in upstream oil and gas activity fuelled by lower oil prices.
Oil and gas explorer Serica Energy said yesterday it expected to get the go-ahead later this year for developing the North Sea Columbus gas-condensate field.
