The Norwegian Petroleum Directorate (NPD) and the University of Bergen presented important new research results in the Dreki Area at the 30th Nordic Geological Winter Meeting in Reykjavík. Data was acquired from both the Icelandic and Norwegian sides of the ridge, located offshore the north-eastern coast of Iceland. The Dreki Area is a part of [...]
Gold Oil, oil and gas exploration and production company, with a primary focus on opportunities in Latin America, has received fast track processing results from the Erika North and South 3D seismic surveys acquired in Block Z34, offshore Peru. The main improvement in the data quality between the 2D seismic acquired in 2009 and the 3D [...]
December 20, 2011 | Posted in
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Kosmos Energy announced yesterday financial results for the third quarter 2011. The Company generated net income attributable to common shareholders of $52 million in the third quarter of 2011, or $0.13 per basic and diluted share. This compares to a net loss attributable to common unit holders of $99 million for the same period in [...]
November 11, 2011 | Posted in
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Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership), yesterday reported the Partnership’s results for the quarter ended September 30, 2011. During the third quarter of 2011, the Partnership generated distributable cash flow of $52.1 million, compared to $20.8 million in the same period of the prior [...]
CGGVeritas, the world’s largest seismic surveyor of oil fields, surged to a two-month high after reporting a profit in the third quarter and… By Tara Patel (Bloomberg) Source:Bloomberg , November 9, 2011; Image: CGGVeritas
ATP Oil & Gas Corporation yesterday announced an operations update: Drilling operations at the fourth Telemark Hub well at Mississippi Canyon (MC) Block 942 #2 are complete. ATP encountered 167 feet of new net pay sands above pre-drill estimates. These sands are in addition to the 72 feet of logged net oil pay seen in [...]
In relation to the construction and operation of the natural gas pipeline in the Baltic Sea, Nord Stream conducts ambitious environmental and socio-economic monitoring in each country through whose waters the pipeline passes. Furthermore, for the purpose of providing a transparent overview, Nord Stream has taken the initiative to provide a compilation of the [...]
Ithaca Energy Inc. reports 2011 third quarter production, as well as changes to production reporting following the acquisition of the Cook field and in anticipation of first production from the Athena field. The Company will present the Athena project in London on October 11 2011; Export Production Q3 2011 Combined export production for the third [...]
Nautical Petroleum plc announces that the Kraken 9/02b-5Z horizontal well, located in UKCS North Sea Block 9/2b, has been successfully completed and tested. The horizontal section of the well was drilled from 5,257 feet Measured Depth (MD) to a total depth of 7,260 feet MD, a horizontal displacement of 2,003 feet. Preliminary log evaluation indicates [...]
Rockhopper Exploration plc , the North Falkland Basin oil and gas exploration company, provides an update on the provides an update on the 14/10-7 well. • Net pay 26m (85 feet) net pay Sea Lion Main Complex (SLMC) 25m net pay lower sands 1m • Gross reservoir SLMC 35m • Net to gross SLMC 72% [...]
