Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
Statoil today presented its fourth quarter results and its Strategy Update. Statoil’s fourth quarter 2010 net operating income was NOK 42.8 billion, compared to NOK 33.5 billion in the fourth quarter of 2009. In 2010, net operating income was NOK 137.2 billion compared to NOK 121.6 billion in 2009.
Metgasco is pleased to advise that the drilling of the first well in the Harrier Pilot program commenced yesterday. The first multi-lateral well, Harrier P02, spudded on 8 February 2011. Two horizontal in-seam laterals are expected to be drilled with a target length of 1,000 metres per lateral (resu
British gas giant BG Group has started marketing gas from a $5 billion third production train (plant) at its Queensland Curtis LNG project a… (theaustralian) [mappress] Source: theaustralian, February 9, 2011;
The board of directors of El Paso Corporation declared a quarterly dividend of $0.01 per share on the company’s outstanding common stock. The dividend will be payable April 1, 2011 to shareholders of record as of the close of business on March 4, 2011. Outstanding shares of common stock entitled to
Statoil has found gas and condensate around two kilometres west of the Gullfaks South field in the middle sector of the North Sea. The size of the discovery is estmated at between 19 and 75 million barrels of recoverable oil equivalent. Plans call for tie-back of the discovery to existing infrastruc
In pursuance of the Agreement on the feasibility study for the Bulgarian section of the South Stream project the tender committee comprising representatives from Gazprom and Bulgarian Energy Holding EAD summarized the results of an open tender procedure for selecting a contractor to perform the feas
Economic relations between Iran, Pakistan and India are improving by Iran-Pakistan gas pipeline, Iran’s ambassador to India, Seyed Mahdi Nabizadeh announced here on Wednesday. He said that the project should not be just looked at purely from economic perspective, but as one which will have a positiv
As announced last November, E.ON intends to use part of the proceeds from the sale of operations to reduce its group debt. In this regard, E.ON made a two-step offer to bondholders on 24 January to repurchase several bonds with a total nominal value of approx. € 7billion. The two-week term for the o
After an almost five-year legal battle surrounding ownership of a parcel of land that acted as a “set back cushion” required to run its Mexi… [mappress] Source: yahoo, February 8, 2011;
Four Jackson County schools will share $395,468 in tax revenue from Gulf LNG Energy’s $1.1 billion liquefied natural gas terminal under cons… (kalb) [mappress] Source: kalb, February 8, 2011;
Chesapeake Energy Corporation today announced that it is commencing a public offering of $1.0 billion of Senior Notes due 2021. Chesapeake intends to use the net proceeds from the offering to repay indebtedness outstanding under its revolving bank credit facility, which it anticipates reborrowing fr
The Directors of Dart Energy Limited are pleased to announce the appointment of Mr Peter Clarke as a non-Executive Director of Dart. Mr Clarke (60) is a former investment banker and a Resident of Hong Kong. He worked for over thirty years in Sydney, Hong Kong, London, New York and Tokyo and has been
BG Group today reported its 2010 Fourth Quarter and Full Year Results. Full Year Highlights * Business Performance earnings per share up 18% * Strong cash flow from operations of $8.4 billion * Full year dividend increased by 10% to 21.60 cents per share (13.66 pence per share) * Excellent progress
