Norwegian oil and gas company DNO International ASA informed today that the just completed West Bukha-4 well located in Block 8 offshore Oman, flowed on a 54/64 inch choke 7,000 barrels of 39º API oil and 15 million cubic feet of gas per day through a test separator. West Bukha-4 will be connected to the [...]
In this year’s third quarter, Bergen Group had a turnover of NOK 822 million and an operating profit of NOK 53 million before depreciation and amortisation (EBITDA). The numbers are mainly characterised by strong results from the corporation’s offshore activities, which have doubled the turnover so far this year, and which deliver solid profit margins. [...]
Tap Oil Limited an independent oil & gas exploration and production company with interests in Australia and South East Asia announces quarterly report for the quarter ended 30 September 2011. HIGHLIGHTS Sales revenue of over $28 million – up over 100% due to increased oil liftings Greater Zola Structure exceeds the upper end of Tap’s 2 [...]
![Norway: Spectrum Acquires 2D Marine Multi-Client Library from CGGVeritas. Doubles it Portfolio]()
Spectrum has completed the purchase of the Marine 2D Multi-Client library of CGGVeritas effectively doubling their Multi-Client portfolio. This conclusion follows endorsement by the Board Members and shareholders of both companies and the completion of a US$40 million transaction. The combined size of Spectrum’s library now exceeds 1.1 million kilometres of 2D Multi-Client seismic making [...]
![Norway: STX OSV Doubles Q2 Operating Profit to USD 77 Million]()
TX OSV Holdings Limited, a major global designer and shipbuilder of offshore and specialized vessels headquartered in Norway, announces its results for the second quarter and first half ended 30 June 2011. Financial and Operating Review Compared to corresponding periods in 2010, STX OSV’s operating profit doubled to NOK 420 million in 2Q 2011, and [...]
![Brazil: BG Group Doubles its Santos Basin Mean Reserves and Resources Estimate]()
BG Group today issued a material upgrade for its interests in the pre-salt Santos Basin, offshore Brazil. Mean Total Reserves and Resources* are now estimated to amount to some 6 billion barrels of oil equivalent (boe) net to BG Group, with an upside potential of 8 billion boe net. Existing discoveries account for 96% of [...]
![Israel Doubles Taxes on Oil&Gas Acquired From its Territory]()
The Israeli government on Sunday approved a near doubling of the profit tax on gas and oil extracted from its territory, a move of … By Ethan Bronner (NY Times) Source: nytimes, January 24, 2011;
![Centrica Doubles Equity Interest in Statfjord Field Off Norway]()
Centrica plc, the parent company of British Gas, today announced that it has reached an agreement with A/S Norske Shell and Enterprise Oil Norge AS (Shell) to acquire its non-operated interests in the gas and oil producing Statfjord field in the Norwegian sector of the North Sea, and its associated satellite fields, for a total [...]
![UAE: Lamprell Doubles Interim Orders to $836 million]()
Oil, gas and renewables engineering specialist Lamprell has doubled interim orders to $836 million (£535 million), despite falling turnover. Source: Growthbusiness, August 23, 2010:
