Alliance Oil Interim report for the quarter ended 31 March 2011
Total revenue increased to MUSD 678.7 (Q1 2010: MUSD 501.1). EBITDA increased to MUSD 156.3 (Q1 2010: MUSD 100.7). Profit before tax increased to MUSD 113.1 (Q1 2010: MUSD 58.8). Net profit increased to MUSD 90.0 (Q1 2010: MUSD 45.5). Basic and diluted earnings per share increased to USD 0.51 …
TETHYS PETROLEUM Uzbekistan Business Development
TASHKENT, UZBEKISTAN, Wednesday, May 18, 2011: Tethys Petroleum Limited today provided information on progress at the 15th Uzbekistan International Oil and Gas Conference (“OGU”) in Tashkent and in parallel with this signed a contract with the Institute of Geology and Prospecting for Oil and Gas Deposits (the “Institute”) of NHC …
KMG EP announces dates of the next specialised trade for the repurchase of its preferred shares on KASE
JSC KazMunaiGas Exploration Production is pleased to announce that next specialised trade for the repurchase of the Company’s preferred shares will be held on KASE from 27 May till 27 June 2011. The Company has now repurchased around 1.7 million preferred shares for an aggregate price of about 32.8 billion …
Gazprom Neft completes the sale of the first Emission Reduction Units (ERUs) under the Kyoto Protocol
Gazprom Neft announces that it has become the first Russian oil company to complete the sale of Emission Reduction Units (ERUs) in accordance with the Kyoto Protocol. The volume of the deal was 295,000 ERUs, which were purchased at a price set by current market conditions. The purchaser of the …
Exillon Energy Interim Management Report
Exillon Energy plc a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), today issues its Interim Management Statement for the period beginning 1 January 2011. The financial and production data are for the period fr om …
Statement by OJSC Rosneft Oil Company
On January 14, 2011 OAO Rosneft and BP signed an agreement on a joint venture for the development of the Russian Arctic shelf based on licensed areas, “East Prinovozemelsky 1-2-3, sharing a 9.5% stake in Rosneft for 5.0% of the shares of BP and the formation of a global strategic …
BP and AAR Reaffirm Commitment to Growth and Success of TNK-BP as Talks Continue with Rosneft Following Expiry of Agreement
BP and Alfa- Access- Renova (“AAR”) announced today that they would intensify their efforts to ensure TNK-BP’s continued success following the lapse of the BP-Rosneft share swap transaction (and the related Arctic exploration opportunity) originally announced on 14 January 2011. In recent months, BP has conducted detailed negotiations with AAR …
Schlumberger Releases Latest Version of its Wellbore Software Platform
Techlog 2011 delivers a step-change in usability, together with integrated pore pressure prediction and extended mineral solver capabilities Schlumberger announced today at the Society of Petrophysicists and Well Log Analysts Annual Symposium the release of Techlog* 2011 software, which delivers a next generation application interface and expansion of customization capabilities. …
Tethys Petroleum First Quarter 2011 Financial Results
Tethys Petroleum Limited today announced its first quarter 2011 financial results. The results are underlined by a 112% increase in revenues over the first quarter of last year. The Company reports financial results in accordance with International Financial Reporting Standards (“IFRS”). RECENT HIGHLIGHTS • With sales of US$4.48 million in …
Max Petroleum Successful Triassic Appraisal Well Drilled in the Zhana Makat Field
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-ET2 appraisal well in the Zhana Makat Field has reached a total depth of 1,492 metres, with electric logs indicating 18 metres of net oil pay in three Triassic …