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The Global Information Services Department in Maersk Oil is seeking a manager for its Collaboration Centre, called M-PACT which stands for Maersk - Planning, Advisory, Collaboration and Team

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As a leader in the UK energy market, Centrica supplies gas and electricity to a vast range of residential and commercial customers under the British Gas brand. The company’s strategy is based around sourcing an increasing amount of its gas supplies from its own sources.

Centrica Energy (CE) is the division responsible for maximising these supplies. The Exploration & Development department of CE now requires a Manager of Reserves & Economics.

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CSL has a track record of managing subsea developments from concept to completion for oil and gas companies worldwide.

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Tuesday, 14 October, 2008, 18:40 GMT | more prices >>

Contango red ink deepens

By Upstream staff

Houston-based Contango Oil & Gas boosted revenue on increased production in its 2007 results, but saw losses deepen amid associated higher costs, it said today.

Contango reported a full-year net loss of $3.2 million, or 21 cents per share, up from a loss of about $800,000, or five cents per share, in 2006.

Revenue for the year rose to $18.7 million from about $900 million previously.

Contango paid higher depreciation, depletion and amortisation exenses in the year, and saw general and administrative costs rise. Exploration expenses and impairments however were lower.

The company said it planned to spend $55.6 million in its 2008 capital budget, including development of its Arkansas Fayetteville play, its Dutch prospect on Eugene Island 10 in the Gulf of Mexico and its Mary Rose prospect off Louisiana. It said it would also drill at least one new offshore wildcat well next year.

Contango said it would spend about $30 million of the capital budget offshore and $25.6 million onshore.

For the quarter to 30 June this year, Contango reported a net loss of about $500,000, or 3 cents per share, compared with a net loss of $1.2 million, or eight cents per share, in the final quarter of its 2006 financial year.

Revenues rose to $11.2 million from about $600,000 previously.