TGS Announces Q2 2011 Revenues of USD 136 Million
TGS reports net revenues of USD 136 million in Q2 2011, compared to USD 112 million in Q2 2010. Investments and the corresponding pre-funding revenues were significantly lower in Q2 2011 than in Q2 2010 due to the expected back end loaded investment plan, as previously communicated to the market. …
Petroneft Resources Discovery of Significant New Oil Field at Sibkrayevskaya
PetroNeft Resources plc (AIM: PTR), the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce its largest single discovery to date, a new oil field at Sibkrayevskaya in Licence 61. Highlights: • Sibkrayevskaya No. 372 well makes significant oil discovery in main Upper …
Baker Hughes Unveils Large-diameter Rotary Sidewall Coring Technology
Baker Hughes (NYSE:BHI) has commercialized its MaxCOR™ sidewall coring service, a large-diameter rotary sidewall coring tool that recovers 1.5-inch (3.8-centimeter) diameter cores in extreme environments, including high-pressure and high-temperature formations. The MaxCOR sidewall coring service acquires core with more than three times the volume in about the same amount of …
Caspian Oil & Gas West Mailisu 2 Well Encounters Further Oil Shows
Caspian Oil & Gas Limited reports that the well has penetrated all of the primary targets in the West Mailisu #2 well. The West Mailisu #2 well is on Caspian’s 100%-owned West Mailisu licence in the Kyrgyz Republic, Central Asia. Fluorescence and gas shows were encountered from the top of …
Polarcus 3D siesmic acquisition for the Bjarmeland Platform in the Barents Sea
Polarcus Limited is pleased to announce that the Company will commence acquisition imminently of a 3D multi-client project over the Bjarmeland Platform in the Barents Sea, offshore Norway. The project, with the potential to cover an area of up to 1,100 square kilometers, is supported through strong industry pre-funding. The …
International Petroleum Quarterly Update and Review
Krasnoleninskiy Licence Area – Western Siberia, Russia The Company, through its wholly-owned subsidiary IPL Siberia Ltd, owns a 75% equity interest in Souville Investments Ltd (“Souville”). Souville is the 100% legal and beneficial holder of Irtysh-Neft, a Russian company having exploration rights to four blocks in Western Siberia (“Krasnoleninskiy Project”). …
Victoria Oil and Gas Application for Share Listing
Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, announces the Company has drawn down a further £600,000 of its £10 million Standby Equity Distribution Agreement (‘SEDA’) with YA Global Master SPV Ltd (‘YA’), announced by the …
International exhibitors add to growth of this year’s Caspian Oil & Gas show
The 2011 Caspian Oil & Gas Exhibition took place 7-10 June at the Baku Expo Center, in Azerbaijan. The adjoining conference was held on 8-9 June at the Hyatt Regency Hotel in Baku. This year, the Caspian Oil & Gas exhibition benefitted from a healthy 14% growth in show space …
TNK-BP Reports Strong Financial and Production Growth
Commenting on the results, Mikhail Fridman, Executive Chairman of TNK-BP Ltd., said: “This was an exceptional first half performance for TNK-BP. Thanks to management’s continuous efforts to enhance operational efficiency and further develop our key business streams, the Company was able to deliver robust results. We have increased production, significantly …
Caspian Oil and Gas July Quarterly Update
Caspian Oil and GAs has issued its July 2011 Quarterly reports covering its operations in the Kyrgyz Republic and the West Mailisu wells. Kyrgyz Republic West Mailisu #2 well on Caspian’s 100%-owned West Mailisu licence spudded on 13 June Well is adjacent to the Mailisu IV oil and …