Natural Gas World
  • Natural Gas News

    Herald Scotland: Aberdeen Oil and Gas Company Ponders "Cheeky" Acquisitions in North Sea

    old

Summary

As Scottish firm Parkmead eyes seven "cheeky" acquisitions in the North Sea, its CEO Tom Cross says he wants more gas assets to offset oil price volatility

by: Erica Mills

Posted in:

Press Notes

Print This Article

Herald Scotland: Aberdeen Oil and Gas Company Ponders "Cheeky" Acquisitions in North Sea

TOM Cross has said the Parkmead Group he runs is eyeing seven acquisition targets in the UK North Sea as the fall in the oil price creates opportunities for the firm to make some cheeky offers.

The oil and gas entrepreneur said the Aberdeen-based Parkmead Group is also mulling bids for five targets in the Netherlands and expects to complete deals this year.

Mr Cross said the sharp fall in the oil price has created great opportunities for Parkmead to continue with the rapid fire expansion drive it has mounted since he took charge.

Read the full article HERE.

Related Articles