Parkmead, the independent energy group focused on growth through gas, oil and renewable energy projects, has reported its interim results for the six-month period ended 31 December 2022. The Group has achieved an increase in revenue of over 140% on the prior year period, and outstanding growth in net cash generated from operating activities of over 400%.
The North Sea Transition Authority (NSTA) has announced an additional 34 Blocks in the 33rd Oil and Gas Licensing Round. Available in the Central North Sea and Southern North Sea, the extra acreage is available following further consultation with the MoD.
UK energy security will be significantly boosted with the launch of the 33rd oil and gas licensing round later today. The North Sea Transition Authority (NSTA) is inviting applications for licences to explore and potentially develop 898 blocks and part-blocks in the North Sea which may lead to over 100 licences being awarded.
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