Mogul MD Brian Stead battles against the board when oil is discovered off the coast of Norway. He wants it exclusively for the UK but Mogul Scandinavia wants it for Europe.
News as leaked that Mogul's European oil finds have reached the Spanish coast. Langley and Thornton head to the country for negotiations but Langley is kidnapped by the Basque.
Mogul send Willy Izard to an international oil conference in Mexico but he can't resist meeting up with a local girlfriend while his knowing wife has a nervous breakdown at home.
The chairman of Mogul agrees to two deals for tankers worth £58 million. Finance head Willy Izard finds himself trying to raise loans without destroying the company's name in the city.
Britain and French discuss drilling for oil in Corsica. Algeria have nationalised their oil fields so Mogul have to start in six weeks. They learn France have discovered oil in Corsica waters and plan to stop Mogul from drilling it.
Langley attempts to bring in a new wage structure based on productivity. Management is against the idea and use Thornton to negotiate separately with militant trade unionist Ted Laycock.
Brian Stead takes an extended holiday with Lord Hawdcombe, who offers Mogul the chance to test their new rocket fuel on a disused island but it means removing a thriving hippie commune.