News Archive for Oil and Gas News

Technip awarded a Subsea contract for the Brynhild project in Norway

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Lundin Petroleum a lump sum contract, worth approximately €100 million, for the Brynhild field development. This field, previously known as Nemo, is located in the Norwegian North Sea a few kilometers East of the boundary to UK waters at a water depth of around 80 meters. This project is being developed by Lundin Petroleum as operator of the field, their first in Norway. Read more…

Lundin Petroleum announces the Brynhild field recieves POD approval

Lundin Petroleum AB (“Lundin Petroleum”) through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First production from the Brynhild field is expected in late 2013.     Read more…

Tethys Oil Report for the period 1 January 2011 – 30 September 2011

Highlights

Result for the third quarter 2011 amounted to TSEK 38,627 (TSEK 66,923) and for the first nine months to TSEK 24,615 (TSEK 75,259). Read more…

Dana Gas Reports Strong Profit Growth for Third Quarter 2011

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the quarter ended 30th September 2011. Read more…

BG Group announces production potential raised at Carioca discovery, offshore Brazil

BG Group plc today announced an extended well test (EWT) had increased the production potential of the Carioca discovery located on the BM-S-9 concession in the Santos Basin, offshore Brazil. Read more…

Tethys oil announces Oman asset production continues to increase averaging 6,989 bopd in October

Test production from the Early Production System (EPS) on Blocks 3 and 4 onshore the Sultanate of Oman continues and amounted in October to 216,646 barrels of oil, corresponding to 6,989 barrels of oil per day (BOPD). Tethys’ share of the production, before government take, amounts to 30 per cent of the total, or 64,994 barrels. Read more…

INPEX announces oil sheen found in the vicinity of the Frade Oil Field, Brazil

INPEX CORPORATION announces an oil sheen has occurred in the vicinity of the Chevron Brazil operated Frade Oil Field located offshore north east of Rio De Janeiro, Brazil . Read more…

Subsea 7 awarded five-year flexible pipelay contract in Brazil

Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of a five year contract by Petrobras for the provision of a dedicated deepwater flexible pipelay vessel for operations offshore Brazil commencing H2 2014. The estimated contract value is approximately $500 million. Read more…

HRT announces the discovery of hydrocarbons in the well 1-HRT-4-AM, Block SOL-T-194, in the Solimões Sedimentary Basin

RIO DE JANEIRO, BRAZIL, Nov. 11, 2011 /CNW/ – HRT Participações em Petróleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP), announces that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. (“HRT O&G”) forwarded to the National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis – ANP), Notice of Discovery of oil and gas in the well 1-HRT-4-AM. Read more…

Petrobras announces new discovery and Declaration of Commerciality in Carioca

Petrobras informs the results of the drilling of another well in Carioca area, located in Block BM-S-9 which confirms the potential of the exploration area. Read more…

Max Petroleum Announces 2011 Interim Results

Financial HighlightsRevenue of US$24.4 million during the six months ended 30 September 2011 compared to US$24.7 million during the six months ended 30 September 2010. Read more…

Ithaca Energy Inc. Announces Third Quarter 2011 Financial Results

Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) announces its quarterly financial results for the three and nine months ended September 30, 2011. Read more…

Antrim Commences Drilling on Erne Prospect, UK North Sea

Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced it has commenced drilling operations on the Antrim-operated Erne prospect in the UK Central North Sea block 21/29d (Antrim working interest 50%). Read more…

Twin Butte Energy to Combine With Emerge Oil & Gas to Create a Sustainable Model of Income and Production Growth

Twin Butte Energy Ltd. (TSX:TBE) (“Twin Butte “or the “Company”) and Emerge Oil & Gas Inc. (“Emerge”) (TSX:EME) are pleased to announce that they have entered into an arrangement agreement providing for the acquisition by Twin Butte of all of the outstanding common shares of Emerge (the “Emerge Shares”) on the basis of 0.585 of a common share of Twin Butte (“Twin Butte Share”) for each outstanding Emerge Share (the “Transaction”). Based on the five day weighted average price of the Twin Butte Shares ended November 11, 2011 of $1.97, the exchange ratio for the Transaction represents a deemed price of $1.15 per Emerge Share, representing a 21 percent premium to the five day weighted average price of $0.95 for the Emerge Shares on November 11, 2011. Read more…

BPT increases relative interest in ADE to greater than 60 pc

Beach Energy Ltd (ASX: BPT, “Beach”)  announced  an  unconditional, onmarket, cash offer of 20 cents per share (“Offer”) for all of the issued and outstanding ordinary shares of Adelaide Energy Limited (ASX: ADE, “Adelaide Energy”) it did not own. Beach has now secured its primary goal of  majority control of Adelaide Energy  and has  since lifted its relevant interest in the company to 60.93%. Read more…

Cairn India Announces Barracuda Discovery Notification

The attached release was issued today by Cairn India Limited (“Cairn India”) to the Bombay Stock Exchange and the National Stock Exchange of India. Read more…

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