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Following a period of successful growth, Premier Oilfield Rentals continues to be one of the leading suppliers of drilling related products to the international oil and gas industry. Owned by Superior Energy Services Inc., Premier currently has business units in Europe, Africa, Middle East, Asia Pacific and CIS.

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Bruck BV is a fast growing international company with worldwide 1200 employees. Bruck provides high-end products for major industries like oil, gas, (petro) chemicals, renewable energy and air- space industries. This means operating in a high demanding, fast moving, dynamic and professional environment.

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The Sea Trucks Group is an international group of companies providing marine services to the offshore oil & gas industry worldwide.

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LIVE

Friday, 21 November, 2008, 15:40 GMT | more >>

Costs hit Santos profits

By Upstream staff

Australian producer Santos reported a lower-than-expected 7% rise in full-year profit as higher costs eroded gains from increased output and record crude prices.

Adelaide-based Santos, which saw lower production at several of its main fields in 2006, made a net profit before one-off items of A$683 million (US$540.3 million), up from A$639 million a year earlier.

The result was below the expectations of nine analysts polled by Reuters, who on average forecast a core net profit of A$765.15 million.

Full-year net profit including one-off items was A$643 million, down 16% from 2005 due to impairment adjustments and one-off expenses.

The company, which produced 61 million barrels of oil equivalent in 2006, reaffirmed its 2007 and 2008 production forecasts of between 59 million boe and 61 million boe, which had been downgraded from an earlier estimate of between 62 million boe and 63 million boe.

Santos, which has withdrawn its A$710 million cash bid for coal seam gas producer Queensland Gas Company, has been trying to diversify beyond its mature central Australian Cooper Basin assets and focus more closely on Indonesia and the region.