Financial Results for the Half Year ending June 30th 2010 Revenues for the first half of 2010 were up 8.3% to €11.335 million from €10.464 million due to increased volumes, product mix and the strength of the dollar relative to the euro. The average oil price per barrel achieved in H1 2010 was $78.4
BP is to create a new safety division with sweeping powers to oversee and audit the company’s operations around the world. The Safety & Operational Risk function will have authority to intervene in all aspects of BP’s technical activities. It will have its own expert staff embedded in BP’s operating
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces certain changes to its licence arrangements with the Falkland Islands Government. Northern licence area Due to the tight rig market it is increasingly unlikely th
Hallin Marine Subsea International Ltd, a Superior Energy Services company, has been awarded and carried out a free span correction contract offshore Taiwan. The contract was awarded by the CPC Corporation, Taiwan (CPC), and was carried out in water depths of between 80 and 110 metres by Hallin ROVs
The State Oil Company of Azerbaijan (SOCAR) continues developing offshore gas production. [mappress] Source: AzerbaijanBusinessCenter,September 29, 2010,
Roxtec has secured another major deal in the oil and gas sector to supply its cable seals to an upgrade of the UK’s most established Liquefi… (hazardexonthenet) [mappress] Source: hazardexonthenet, September 28, 2010;
InterOil Corporation today announced that InterOil and Liquid Niugini Gas Ltd., its Joint-Venture liquefied natural gas project company with Pacific LNG Operations Ltd., have signed a binding Heads Of Agreement (HOA) with Energy World Corporation Ltd. to construct a two million tonne per annum (mtpa
Dart Energy Limited is today pleased to announce an agreement with Apollo Gas Limited to make a recommended offer for all issued securities in Apollo, other than those already owned by Dart. The Offer will comprise: – 3 Dart ordinary shares for every 4 Apollo ordinary shares; and – 3 comparable Dart
Rockhopper Exploration plc , the North Falkland Basin oil and gas exploration company, completed operations, on 25 September 2010, to safely plug and abandon the Sea Lion 1 well – the first oil discovery and Contingent Oil Resource in the North Falkland Basin. Rockhopper has released the Ocean Guard
Liquefied Natural Gas Limited (ASX: LNG “ LNG Ltd ”) has executed an agreement with Metgasco Ltd (ASX: MEL “ Metgasco ”) to jointly study the feasibility of a gas to LNG project. The joint study will include the viability of gas supply, transportation, liquefaction and sale of LNG from Metgasco’s 10
GDF SUEZ and Korea Gas Corporation (Kogas), the South Korean public natural gas company, have concluded a medium term agreement for the delivery of 41 cargoes of LNG to Kogas. The delivery will start on the fourth quarter of 2010 and continue until 2013. Overall volume will reach approximately 2.5 m
Metgasco has commenced feasibility studies into the delivery of gas to liquefied natural gas (LNG) export markets. Metgasco intends to evaluate the commercial, environmental and technical feasibility of a number of export LNG options. If this review determines that this commercialisation option has
Rockhopper Exploration plc , the North Falkland Basin oil and gas exploration company, reports the following update from the recent flow test on well 14/10-2: “Sea Lion 1”. The test was carried out over four perforated intervals totalling 77m between 2,403m and 2,566m (below drill-floor). Upon retri
Cirrus Energy Corporation has been advised by its wholly owned subsidiary, Cirrus Energy Nederland B.V. (“Cirrus”) that production from the M07-A field in The Netherlands has been shut-in since September 9, 2010 due to unplanned repairs at the third party L09-FF processing platform. The operator of
