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09 May 2008 16:50 GMT | more prices >>

Oslo unveils APA round goodies


09 May 2008 12:23 GMT

Norway's Ministry of Petroleum & Energy has unveiled the 18 blocks on offer in this year's Awards in Predefined Areas (APA) round.

Norwegian shelf flows rise


09 May 2008 16:13 GMT

Oil, natural gas liquids and condensates production on the Norwegian continental shelf in March was 2.5 million standard cubic metres of oil equivalent the Norwegian Petroleum Directorate (NPD) said today.

 

StatoilHydro shuts in Snohvit LNG


09 May 2008 13:45 GMT

Norway's StatoilHydro today began a planned maintenance shutdown of the Snohvit liquefied natural gas and plans to restart the plant in early July.

Bourbon’s revenues swell on Africa


09 May 2008 06:17 GMT

French offshore services giant Bourbon’s first quarter revenues are up 21.4% over the same period last year to €211.7 million ($326.6 million), primarily due to charters in the offshore division and strong growth in Africa.

 

Gas Natural powers up profits


09 May 2008 07:23 GMT

Spanish energy company Gas Natural has booked a 10.2% rise in first quarter net profit, coming in at €335.8 million ($515 million).

Olsen's out in Aker bid to salvage ship


08 May 2008 18:39 GMT

Svein Olsen has stepped aside as chief of Aker Floating Production, with Karl Erik Kjelstad taking his place as interim chief of the Norwegian company, as it fights to control spiralling cost overruns on the Aker Smart 1 floating production, storage and offloading vessel conversion.

 

Strong dollar smacks RXT


09 May 2008 07:34 GMT

Norway’s Reservoir Exploration Technology (RXT) slid deeper into the red in its first quarter results as it was hit by foreign exchange losses, the company said.

Citarum partners pay up


09 May 2008 04:24 GMT

UK listed Sound Oil is set to push on with this year's seismic shoot over the Citarum onshore block in Indonesia’s West Java province after its partners in the contract area paid back their default to the tune of $5.864 million plus interest and costs.

 

StatoilHydro adds to Alve tally


08 May 2008 07:21 GMT

StatoilHydro has proved up even more reserves at the Alve field, in production licence 159B off Norway, with well 6507/3-5S hitting between 3 billion and 5 billion cubic metres of recoverable gas condensate.

Det Norske losses spiral


08 May 2008 07:46 GMT

Det Norske has reported an increase in net loss to Nkr44.8 million ($8.8 million) for the first quarter of 2008 compared to Nkr10.2 million in 2007 despite a 170% increase in revenue which came in at $79.5 million.

 

MOL takes slice of Indian pie


08 May 2008 16:09 GMT

Hungarian producer MOL has taken a 35% stake in an exploration block in the north-west of India from India’s Oil & Natural Gas Corporation (ONGC).

PGS' profits reach for the stars


08 May 2008 06:45 GMT

Petroleum Geo-Services said first quarter operating profit shot up 39% to $46.6 million compared with the same period last year due to buoyant market demand.

 

Lundin partners up in France


08 May 2008 08:42 GMT

Lundin Petroleum has signed a farm out agreement with French Gaz de France covering the Pays de Saulnois licence off France, giving GdF a 50% stake in the prospect.

Sibir delays London re-listing


08 May 2008 11:45 GMT

Russian producer Sibir Energy has delayed its plans to re-list from the Alternative Investment Market to the London Stock Exchange by at least six months.

 

TGS Nopec’s numbers slide


08 May 2008 06:30 GMT

Norwegian seismic player TGS-Nopec’s operating profit before interest and tax fell 9% to $46.6 million for the first quarter this year compared with the same period last year.

Total rides high on oil surge


07 May 2008 07:12 GMT

French giant Total said first quarter net profits leapt 9% to €3.25 billion ($5.04 billion) as record oil prices helped make up for a slight dip in the outfit’s oil and gas production.

 

Italy keeps mum over lucky four


07 May 2008 18:33 GMT

Italy has chosen the four winning bidders of a depleted gas field auction, but has not yet named the companies involved.

Opec stands firm against calls for more oil


08 May 2008 17:10 GMT

Opec is refusing to pump more oil into world markets despite member nations’ calls to increase supply to curb skyrocketing prices.

 

Providence scores in $67.5m Gulf deal


07 May 2008 10:46 GMT

Irish explorer Providence Resources has bought a package of of oil and gas assets in the Gulf of Mexico from Triangle Oil & Gas in a $67.5 million deal.

StatoilHydro stretches Tune life line


07 May 2008 13:11 GMT

StatoilHydro has announced that the life of the Tune field off Norway has been extended and gas production increased following a reconstruction of production to a low-pressure system.

 

Ankara unveils Turkmen gas push


07 May 2008 13:20 GMT

Turkey will try to firm up plans to produce gas from Turkmen fields with a foreign partner during an energy ministry trip to the central Asian republic in June, a Turkish energy official said today.

Ombrina Mare-2 confirms riches


07 May 2008 11:13 GMT

Mediterranean Oil & Gas has confirmed significant oil from appraisal drilling on the Ombrina Mare field in the Adriatic Sea off Italy.

 

Austria’s OMV extends gains


07 May 2008 07:12 GMT

Austrian integrated oil group OMV reported strong rises in first quarter revenue and earnings amid record oil prices.

ExxonMobil sets sail with Deep Sea PSVs


07 May 2008 07:25 GMT

Offshore services player Deep Sea Supply has sealed two four-year time charters with ExxonMobil for the newbuild platform supply vessels Sea Pollock and Sea Turbot.

 

Aussie duo shift up a gear in Turkey


07 May 2008 01:06 GMT

Australia’s Incremental Petroleum and compatriot Otto Energy are set to start front-end engineering and design for the Edirne gas project in Turkey.

DNV launches new software


07 May 2008 15:51 GMT

Future flotel charts UK passage


06 May 2008 15:59 GMT

Trio toast Drombeg shoot


06 May 2008 11:49 GMT

Odim scoops $74m Havila gig


06 May 2008 07:38 GMT

ATR scoops more Bridon assets


06 May 2008 10:01 GMT

Wicks defends UK promotion of CCS


05 May 2008 20:18 GMT

Sonatrach delivers LNG to Spain


05 May 2008 18:57 GMT

PGS charts $251m HD4D course


05 May 2008 09:04 GMT

Europe steps on the gas


05 May 2008 18:53 GMT

Huisman and IHC strengthen bond


05 May 2008 14:20 GMT

Awilco rubbishes buy-out claims


05 May 2008 12:17 GMT

NKT risers to Petrobras challenge


05 May 2008 14:57 GMT

Rift Oil primed to probe Puk Puk


06 May 2008 08:17 GMT

Brussels stops clock on OMV review


05 May 2008 09:38 GMT