UK: HEA advises Dana Petroleum on Tolmount and Babbage gas sales
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Electrical problems on Tolmount platform derail start-up plan
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Parkmead noted the deal will allow the firm to double its stake in the three fields. “This innovative deal enhances our gas interests in the Netherlands and adds significant value to Parkmead,” said Mr Cross. He added: “The Group is also benefitting from the very strong recovery in gas prices.” The comment highlights the scale of the recovery that has been seen in the gas market in recent months. While prices tanked in spring last year amid the fallout from the coronavirus crisis they rallied after the cold winter and the strong recovery in China boosted demand. The rally has accelerated alongside the roll out of coronavirus vaccines around the world.