North Sea rivals weigh bids for exploration assets of ailing Prax Group

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    • May 2025
    • 1583

    #1

    North Sea rivals weigh bids for exploration assets of ailing Prax Group

    Some of the North Sea’s biggest independent oil producers are examining bids for the upstream operations of Prax Group, the energy conglomerate whose collapse has triggered the closure of one of Britain's few remaining oil refineries.

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