News Archive for: January 2014

North Sea independent Parkmead says it is looking for possible new takeover deals after raising $66million (£39.7million) through a new share issue.

The firm, which was taken over by chairman and Dana Petroleum founder Tom Cross four years ago, joined the FTSE AIM 100 earlier this month.

Interest in the new…

The government has unveiled a new set of exploration licences in the North Sea in an attempt to increase domestic supplies of oil and gas.

Ministers said the offer round – the 28th in British history – would be an important boost for jobs and tax revenues. But the licensing…

North Sea firms will get the chance to claim new territory in the region after the 28th UK licencing round was opened this morning.

High levels of interest are expected in the tender race for licences in the North Sea, despite the new round opening less than two months after…

Statoil has been awarded interests in 10 production licences in the Awards in Predefined Areas 2013 (APA 2013) on the Norwegian continental shelf. Statoil will be the operator in 7 of the licences.

“We are very pleased with the APA 2013 award which is in line with our strategy. It…

North Sea oil firm Hurricane Energy is set to make a £272million floatation on the London Stock Exchange’s AIM as it closes in on drilling for hundreds of millions of hard-to-reach oil reservoirs off Shetland.

The company, which is focused on fractured basement reservoirs, in the West of Shetland, said…