Aberdeen’s Parkmead Group gets big shares boost despite £35.3 million losses
Shares in Parkmead Group, the Aberdeen energy firm run by entrepreneur Tom Cross, skyrocketed by more than one-fifth after its latest annual results.
Tom Cross
Parkmead achieves record full year profits as it moves on North Sea prospects
Parkmead Group (LON: PMG) is toasting a set of “excellent” full year results, with bumper oil and gas prices driving the firm to record takings.
Aberdeenshire wind farm delivers cash windfall to Parkmead as power prices surge
A 250% surge in the price of power has delivered a cash boost to Parkmead Group (LON: PMG) at its wind farm in Aberdeenshire.
Parkmead reports ‘record gas revenues’ ahead of new drilling campaign
Parkmead Group (AIM: PMG) has reported a year of stellar performance from its shares in Dutch gas assets as it plans further drilling later in the year.
Aberdeen oil firm Parkmead acquires onshore wind business for £3.3m
Aberdeen oil firm Parkmead Group (LON: PMG) has acquired an onshore wind business for £3.3 million.
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.
Bruce Dingwall: A strong leader who came to the fore during restless period for North Sea
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-HQ’d Parkmead boosts stakes in Dutch gas fields for £485,000
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 appoints new CEO
Dana Petroleum has appointed a new CEO from its Korean parent company.
Money men: What does it take to make the rich list?
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.
Parkmead ‘working intensively’ on deals as key North Sea projects move forward
Bosses at Parkmead Group said today they were "working intensively" on acquisitions to beef up the firm's portfolio.
Great year for north-east oil and gas entrepreneur
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 aims for right balance in its energy mix
Parkmead Group is looking beyond traditional oil and gas activities for new acquisition opportunities, chief executive Tom Cross has revealed.
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 moves out of the red and into the black thanks to low Dutch gas recovery cost
Parkmead Group has moved out of the red and into the black.
Parkmead boss on the hunt for new opportunities
North Sea entrepreneur Tom Cross said yesterday he would “certainly be interested” in exploration and production assets currently owned by France’s Engie.
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.