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EnCore and Egdon fix deal

22 March 2010 08:26 GMT

London listed duo EnCore Oil has sealed an agreement with Egdon Resources for the sale of its UK and French onshore assets and an interest in the UK offshore Ceres gas field.

Prosafe casts off turret business

Oslo-listed floating production unit player Prosafe Production said it had agreed to sell its turret and swivel business to US equipment maker National Oilwell Varco for $165 million.

Bond dispute goes to arbitration

Norwegian explorer Noreco and the Norsk Tillitsmann - the public trustee - have agreed to let an arbitration panel resolve a disagreement over the conversion price of a convertible bond.

Kentz boosts bottom line

Irish engineering group Kentz posted a 9% rise in full-year pretax profit, boosted by a higher backlog of orders, and raised its total dividend by 5%.

Gulfsands farms in with AuDax

UK independent Gulfsands Petroleum is to farm in to Australia-based AuDax Resources’s onshore and offshore permits in Tunisia and off Italy.

BNK lines up Polish trio

US-based explorer BNK Petroleum said it had been awarded three oil and gas concessions in Poland’s basin covering a total of roughly 880,000acres.

Remedial ESV passes sea trials

Bankrupt well services outfit Remedial Offshore said its first elevating support vessel Remedial ESV Solution has completed sea trials.

EU gas crisis plans clears first hurdle

European Union proposals to force countries to build new emergency gas infrastructure have been given the nod by a parliamentary panel, but a requirement to prepare for 60 days of supply cuts was reduced to 45 days.

Songa files for bankruptcy

Norwegian company Songa Floating Production has filed for bankruptcy after its attempts to raise cash to service its debts failed.

Chinese players woo Statoil

Four Chinese companies said to be bidding for a 40% stake in a field off Brazil being sold by Norwegian giant Statoil, according to reports.

Takeover talk boosts BG

UK-based BG Group's share price surged today on renewed speculation that the gas giant was the target of a takeover bid.

Gulfsands knocks back bid

Syria-focused explorer Gulfsands Petroleum today rejected an unsolicited takeover approach, which a source familiar with the situation said was from an Indian company, adding the player was not Oil & Natural Gas Corporation (ONGC).

Hand takes wheel at Lamprell

UK-listed oil and gas engineering outfit Lamprell said it had appointed Chris Hand as its chief operating officer.

OMV shrugs off pipe merger talk

18 March 2010 13:12 GMT

Laggan and Tormore get UK nod

19 March 2010 17:29 GMT

Bourbon holds ship steady

17 March 2010 06:51 GMT

Total takes Kazakh slice

17 March 2010 07:51 GMT

Shell shifts toward gas

16 March 2010 19:24 GMT

'Shale creates uncertainty'

16 March 2010 15:46 GMT
americas

‘Too late’ for Reliance in Venezuela

It is "too late" for India's Reliance Industries to join a consortium for a Venezuela project, Oil Minister Murli Deora said today.

africa

Dominion gets to work in Afirca

US independent Dominion said today it has secured a rig to drill the Ngaji-1 exploration well in the Lake Edward basin in Uganda.

Middle East & North Africa

PetroChina sets sights on the Mideast

China’s top energy company PetroChina has unveiled a plan to boost its presence in the Middle East in a move intended to increase foreign production to meet a shortfall from domestic fields.

FSU & Russia

Keppel takes Azerbaijan plunge

Singaporean giant Keppel Offshore & Marine is poised to strengthen its presence in the Caspian after sealing a deal with Azerbaijan's state-run producer Socar and the Azerbaijan Investment Company (AIC) to develop and manage a new 52 hectare shipbuilding and ship repair facility in Baku.

asia & oceania

Gail eyes PNG gas assets

Indian gas company Gail is in talks with Canada's InterOil to buy a stake in upstream assets and new liquefied natural gas terminals in Papua New Guinea, Gail chairman BC Tripathi said today.

Regions

Prosafe casts off turret business

Oslo-listed floating production unit player Prosafe Production said it had agreed to sell its turret and swivel business to US equipment maker National Oilwell Varco for $165 million.

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