Reliance Industries Limited (RIL) today reported its financial performance for the quarter / nine months ended 31st December, 2010. Highlights of Nine Months Performance * Turnover increased by 30.9% to ` 183,368 crore (US$ 41.0 billion) Exports increased by 29.2% to ` 100,995 crore (US$ 22.6 billio
GE announced today strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or .36 per share, up 33% from the fourth quarter of 2009. Revenues grew to $41.4 billion for the quarter, the company’s first positive growth in nine quarters. “GE ended 2010 with
Wood Mackenzie’s latest analysis of the UK upstream oil and gas industry finds that the steady recovery seen in 2010 will continue in 2011. Returning confidence will see capital investment nearly double from £4.4 billion in 2010 to £7.7 billion ($12.3 billion) in 2011, leading to a temporary halt in
The status of the Nord Stream Pipeline construction and the considerations of the Szczecin and Swinoujscie Seaports Authority regarding deepening and expanding the ports and its approaches were the focal point of a meeting between Nord Stream representatives and a delegation of the Seaports Authorit
Eni signed a Memorandum of Understanding today with CNPC/Petrochina, the biggest listed national oil company in the world. The Memorandum of Understanding sanctions a broad spectrum of possible business opportunities to the benefit of both parties in China and internationally. In particular, the com
Schlumberger Limited today reported full-year 2010 revenue of $27.45 billion versus $22.70 billion in 2009. Full-year 2010 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $3.60 billion, representing diluted earnings-per-share of $2.86 versus $2.78 i
Today, 21 January, the licensees in Visund South submitted a plan for development and operation (PDO) to the Ministry of Petroleum and Energy. Production start-up is scheduled for the third quarter of 2012. Visund South, which consists of the Pan and Pandora discoveries, is located 10 kilometres fro
Punj Lloyd Group, a diversified global engineering, procurement and construction (EPC) conglomerate, announced winning three oil & gas contracts in India, Oman and Indonesia amounting to Rs 645 crore. These contract wins clearly demonstrate Punj Lloyd’s multi-geographical presence and diverse servic
Cameron has received a contract valued at approximately $90 million from Statoil for the provision of high temperature, high pressure (HPHT) surface wellhead and Christmas trees for the Norwegian Gudrun platform with further options for the Valemon and Brynhild platform developments. The seven-year
For some days in early January three newbuildings for K Line Offshore AS were berthed at STX Brevik-yard. On 13th January KL Brisfjord was successfully delivered. The vessel has a deadweight of 5.185 T and cargo deck area of 1.100 m2. KL Brisfjord is flying NOR-flag and is currently in Bergen for tr
Valiant Petroleum plc (“Valiant”) announces that its Don Southwest ‘E’ Panel exploration well (211/18a-S7) has reached total depth of 11,540 TVDSS feet (3,517 metres) and has encountered a hydrocarbon bearing Brent sand formation indicating a gross recoverable accumulation of 5-7 million barrels of
Venezuela holds 297 billion barrels of proven oil reserves, Energy and Petroleum Minister Rafael Ramirez said. Source: LAHT [mappress] Source: Laht, January 21, 2011;
A leakage has been detected at ONGC’s Mumbai Uran Trunk (MUT) oil pipeline at 0845 hours this morning. The leakage was observed 2 Kms from BPB platform (Bassein oil and gas field) in western offshore, 80 kms from Mumbai coast. The Regional Contingency Plan (which is the existing emergency response m
Further to yesterday’s announcement of the contemplated initial public offering (IPO) of Aker Drilling, the company wishes to inform that Arctic Securities, DnB NOR Markets, Pareto Securities and RS Platou Markets have been retained as financial advisors and facilitators of the IPO on Oslo Stock Exc
