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Parkmead Group eyeing new acquisitions in North Sea:

Parkmead Group said yesterday it had “significant” cash available to take advantage of lower oil prices and continue on the acquisition trail it has been on since 2011.

The Aberdeen-based oil and gas firm, led by north-east entrepreneur Tom Cross, has already pulled off six deals since a refocusing of…

George Osborne: North Sea is open for business:

The fall in the oil price these last few months has been a big help for anyone who drives a car and pays an energy bill.

But I know that for the north-east that boon has come at a price.

Last year, Sir Ian Wood, Aberdeen’s most successful businessman, left us…

Oil magnate predicts return of $100 oil:

The price of oil could reach $100 a barrel by the end of next year, according to an industry expert.

T.Boone Pickens had previously said he expected a barrel of oil to sell for $80 to $90 within the next year.

At an audience of around 100 delegates at the Commonwealth…

West of Shetland gas developments get the go-ahead from UK Government:

A new gas project west of Shetland shows there is still a bright future for the UK North Sea industry, Energy Minister Matt Hancock said last night.

He was speaking after French energy giant Total announced it had received Department of Energy and Climate Change approval for its £990million Edradour…

Chinese data weighs on prices: Saudi Arabia pumping oil at near record highs also adds to over supply worries:

Oil prices dropped on Tuesday after activity in China’s factory sector fell to an 11-month low and as Saudi Arabia said its production was close to an all-time high.The flash HSBC/Markit Purchasing Managers’ Index (PMI) dipped to 49.2 in March, below the 50-point level that separates growth in activity…

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