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Gail eyes PNG gas assets

22 March 2010 10:14 GMT

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.

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%.

EnCore and Egdon fix deal

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.

Northern wraps up Italian job

Northern Petroleum has wrapped up a 1520 square kilometre 3D seismic shoot off Italy, and hopes to firm up drilling prospects shortly.

PGNiG pumps up profits

Polish gas monopoly PGNiG reported a 39% rise in 2009 net profit, beating analyst expectations thanks to lower import prices in the fourth quarter.

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.

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.

Green Dragon keeps faith with year of tiger

China-based Green Dragon Gas posted a wider full-year loss, but revenue rose 90% and the company forecast significant growth in gas production and sales this year.

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.

Arrow backs boosted Shell offer

Australian coalbed methane player Arrow Energy has accepted a higher takeover offer from a joint venture of Shell and PetroChina that splits off the company's international assets into a separate unit.

‘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.

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.

KNOC keen on Jubilee slice

19 March 2010 21:39 GMT

Services duo delay merger meeting

19 March 2010 15:14 GMT

Chinese players woo Statoil

19 March 2010 12:34 GMT

Kiev refuses to bail out Naftohaz

19 March 2010 14:05 GMT

Takeover talk boosts BG

19 March 2010 07:09 GMT

OSX raises $1.58bn as IPO fizzles

19 March 2010 05:51 GMT

Gulfsands knocks back bid

19 March 2010 04:28 GMT

Kazakh workers halt strike

19 March 2010 07:34 GMT
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