Friday, February 18, 2011

Ecopetrol plans exploration led production growth

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Ecopetrol is planning to spend about $80 billion from 2011 to 2020, with 80% of it devoted to the upstream segment. The Company expects to p...
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Gazprom buys half of ENI’s Elephant stake and says doing business in Libya is easy

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Gazprom cashes out approximately $163 million to acquire the 50% of Eni 's stake (33.3%) in the consortium developing the Elephant oilf...

Santos 2010 production down 8%; two-thirds of that due to flooding

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Santos reported a production of 134.5 kboepd, 8% lower primarily due to wet weather and flood events in Central Australia which reduced Co...
Thursday, February 17, 2011

DNO sales up 44% in 2010; plans to grow asset base through new ventures in Middle East and Africa

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DNO operating revenues were up 44% compared to 2009, due to increased production from the Kurdistan region of Iraq and higher oil prices i...
Wednesday, February 16, 2011

CNOOC to spend more than the Supermajors – Plans US$151 billion capex globally over next five years!

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CNOOC plans to spend as much as 1 trillion yuan ($151 billion) in the five years through 2015 to boost production, China Business News repo...

Legacy builds up position in Spearfish; Spearfish is the next Bakken??

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The $2-billion  Legacy Oil + Gas  is purchasing light oil production, reserves and undeveloped land in the Spearfish light oil resource pla...

Shell 2010 Results – 6 New Start-Ups - 5% Production Growth

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Shell ’s 2010 oil and natural gas production volumes were 3.3 million boepd, an increase of 5%, LNG sales volumes increased by 25%, with co...