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Oil & Gas Exploration and Production

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Fugro awarded geotechnical site investigation contract by ONGC India

Friday, 15 Jul 2016 01:00am EDT

Fugro NV : Fugro awarded geotechnical site investigation contract by ONGC India . Value of this contract is approximately USD 26 million . Will deploy its deep water geotechnical vessel, Fugro Voyager, commencing before end of Q3 2016 Further company coverage: [FUGRc.AS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).

Essar Projects gets contract for replacement of Indian Oil pipeline

Tuesday, 5 Jul 2016 03:29am EDT

Indian Oil Corpn Ltd : Essar Projects - Got contract to replace 141 km of pipeline of 18-inch diametre in Koyali-Viramgam section of Indian Oil Corp's Koyali-Sanganer pipeline . Essar Projects - Contract is valued at more than INR 850 million, exclusive of the cost of pipes, which are being supplied by IOCL .

Interoil and ANH reach agreement regarding COR-6 licence

Thursday, 23 Jun 2016 03:09am EDT

Interoil Exploration and Production ASA : Says areement has been reached with the Agencia Nacional de Hidrocarburos (ANH) to transfer COR-6 exploration commitments of $22 million to Altair and LLA-47 licences also held by the company . Agreement is subject to Attorney General confirmation and court approval .Says is required to initially increase guarantees on Altair and LLA-47 licences $1.5 million and $1.4 million respectively consistent with additional commitments.

FLEX LNG Q1 operating loss down at $360,000

Friday, 27 May 2016 02:00am EDT

FLEX LNG Ltd : Q1 operating loss $360,000 versus loss $487,000 year ago . Q1 net loss $420,000 versus loss $549,000 year ago . Is nearing completion of plan approval for two LNG carriers and will commence steel cutting in H2 2016 . Expects amended loan will cover group’s working capital costs until delivery of vessels under construction in 2018 .Will need to raise additional funds, to fund the final instalments, which are due on delivery.

Atlantic Petroleum Q1 EBIT loss widens to DKK 52.4 million

Wednesday, 25 May 2016 03:26am EDT

Atlantic Petroleum P/F : Q1 revenue 10.9 million Danish crowns ($1.63 million) versus 39.1 million crowns year ago . Q1 EBITDAX loss 24.7 million crowns versus 28.2 million crowns year ago . Q1 EBIT loss 52.4 million crowns versus loss 43.6 million crowns year ago . Says revenue was impacted by loss of production from Chestnut due to Atlantic Petroleum North Sea Limited's inability to resolve default under the Chestnut Joint Operating Agreement and lower oil price . Says Atlantic Petroleum North Sea Limited's (APNSL's) interest in the Chestnut Field is now liable to forfeiture . Says is finalising discussions with the Operator of the Chestnut Field in regards to the forfeiture and the outstanding claims .Says negotiations are continuing on a commercial solution on Orlando and Kells; there is an expectation that these will reach a conclusion in Q2 2016.

Panoro Energy announces first oil production at Aje

Wednesday, 4 May 2016 02:22am EDT

Panoro Energy ASA:Announces first oil production at Aje.CEO says "This is a transformational milestone for Panoro and represents a great achievement by Aje project teams".

Panoro Energy ASA expects wells to be brought into production shortly at Aje field

Wednesday, 20 Apr 2016 01:00am EDT

Panoro Energy ASA:Final hook up procedures are in progress with a view to wells being brought into production shortly.

QGEP Participacoes SA reduces production estimate for Atlanta field and delays oil extraction

Thursday, 10 Mar 2016 06:42am EST

QGEP Participacoes SA:Says that it reduces production estimate for Atlanta Early Production System to 20,000 bpd from 30,000 bpd, taking into account two wells that are drilled and prepared.Says that it postpones oil extraction for Q4.Says that it will no longer provide production estimates for the field until drilling of the third well is scheduled.

Crown Energy AB: approval of four year Manja license extension

Wednesday, 9 Mar 2016 08:43am EST

Crown Energy AB:Final ministerial approval of four year Manja license extension ‍.Four year period is divided into two consecutive two year phases.Second two year phase will contemplate drilling of first exploration well.

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