Thursday, March 17, 2011

Tullow oil reported 2010 annual results; Reported 2010 annual production of 58,100 boepd surpassing initial 2010 guidance of 55-57 kboepd; Plan to invest for exploration led value growth in Mauri-Tano trend , South America and East Africa

›
Tullow reported 2010 annual production of 58,100 boepd surpassed 2010 guidance. The company achieved 82% exploration and appraisal success ...

BP Rosneft share Swap in problem – Rosneft may look for new Asian partners to develop the Arctic project

›
Share swap between BP and state-controlled Rosneft under which they agreed to jointly explore for offshore oil and gas in the areas o...

ConocoPhillips slows down gas business and accelerates oilsands investment… Many more including Chesapeake and EOG are transiting from gas to oil!!!

›
ConocoPhillips ’ Canadian president, Joe Marushack said, "ConocoPhillips Canada will go in full-speed ahead on its Alberta in situ oils...

Norway determined to “crack the code”- Plans to drill about 60 wells on the Norwegian Continental Shelf in 2011 as compared to 40 in 2010!!!

›
Whilst the number of wells drilled on the NCS decreased last year to 40 wells compared to 65 exploration wells in 2009, 2011 is set to match...
Wednesday, March 16, 2011

Det norske oljeselskap ASA reported 2010 annual results; Production up 13.4% over 2009; Plan to produce ~2,000 boepd net in 2011

›
Det norske reported 2010 annual results. The company reported 2010 annual production of 2,092 boepd (WI), which is 13.4% higher than 2009 ...

More to be raised to fund APLNG JV

›
Origin is assessing a range of funding options for the joint venture, which includes tapping debt markets ,  conducting another equity...

Brazil- World’s next oil bank!! O&G players flocking towards Brazlian pre-salt discoveries. BG to invest $30 billion in Brazil!!

›
Brazil's quest to remake itself into a global oil superpower is gaining momentum. BG is to invest $30 billion in Brazil in the next de...