Finance News – Prax Group
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North Sea rivals weigh bids for exploration assets of ailing Prax Group
Several major independent oil companies in the North Sea are considering offers for Prax Group’s exploration properties following the company’s financial difficulties and the resul...
Read Full Article →Prax Lindsey oil refinery owners urged to ‘do decent thing’ for workers
The potential financial impact on employees is significant as the government appeals to the refinery’s owners to provide assistance while efforts continue to secure a new buyer for...
Read Full Article →‘The bubble had to burst’: the inside story of the Lindsey oil refinery collapse
The unexpected financial failure of Prax Group threatened significant job losses and potential interruptions to essential fuel supply, highlighting risks associated with rapid, deb...
Read Full Article →Government calls for investigation as Lindsey refinery owner folds
The collapse of the company managing the Lindsey refinery has raised concerns about potential economic impacts, including job losses and disruptions to oil supply chains, prompting...
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