Earnings surge at oil operator Talisman
OIL and gas operator Talisman Energy posted a jump in net income yesterday for the third quarter of 2010.
oil equivalent
Faroe dips after drill disappointment
Shares in Aberdeen-based Faroe Petroleum fell yesterday after it said drilling on the Anne Marie exploration prospect off the Faroe Islands had failed to find thick reservoir sands.
Shell benefiting from production lift
Royal Dutch Shell said yesterday its profits jumped in the third quarter after it benefited from higher oil prices and a 5% rise in production.
US giant to bring North Sea find into production
Oil company ConocoPhillips plans to bring the Jasmine discovery in the central North Sea into production in the next couple of years.
Melrose in line for Bulgarian gas boost
MELROSE Resources, the Edinburgh-based oil and gas operator, posted higher first-half profits yesterday, driven by a rise in oil prices.
Dana announces Babbage gas start-up
ABERDEEN-BASED oil and gas operator Dana Petroleum said yesterday that gas production had begun at the Babbage field in block 48/2a in the UK southern North Sea.
Faroe’s shares soar after Norway find
Shares in Faroe Petroleum soared by more than 23% to 159p yesterday after it announced a discovery in the Norwegian Sea.
Asian suitor still in talks with Dana
Korea National Oil Corporation (KNOC) remained in talks with Dana Petroleum on a takeover that could potentially be worth £1.3billion-plus, a KNOC source said yesterday.
Obama freezes drilling from Arctic to Gulf
The Obama administration has halted all deepwater drilling activities in US waters, effectively shutting down operations at 33 locations in the US Gulf of Mexico.
Oil group agrees £375m deal for non-core assets
Noble Energy says it has agreed to sell some non-core assets in America for about £375million, without revealing who the buyer will be.
Onshore Uganda to offshore Greenland
AFTER a busy reporting month, announcements from two stock-market darlings are worth reflecting on.
Profits tumble 71% at oil firm Dana
Aberdeen oil and gas firm Dana Petroleum posted a 71% fall in annual profits yesterday after a £48.3million writedown from unsuccessful exploration and evaluation activity.
Cairn upgrades Rajasthan reserves
Scotland's biggest oil company saw its shares soar 8% to 408.9p and its market value grow to £5.714billion yesterday after it raised its estimate of reserves in Rajasthan and sounded an upbeat note on prospects offshore Greenland.
Success in Texas for UK subsea companies
Subsea UK members are optimistic after a successful exhibition and conference in Texas at which industry experts and analysts agreed that the forecasts for the rest of 2010 and 2011 showed a definite return to market confidence.
Technical problem curtailing production at Buzzard
Nexen said yesterday the Buzzard oil field in the UK North Sea had reduced output to 30,000-50,000 barrels of oil equivalent per day (boepd) because of a technical problem.
Operator Ithaca ups reserve to 15.99m barrels
ITHACA Energy, the oil and gas operator focused on the UK North Sea, has reported a substantial increase in reserves.
Egypt developments driving Melrose
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it was planning a very active exploration and development work programme for 2010 and to spend more than £103million.
Group achieves 250m-barrel milestone
ABERDEEN-BASED CNR International said yesterday it had achieved a milestone in its oil production operations.
Baffin Bay licence boost for Faroe
Faroe Petroleum, the Aberdeen-based oil and gas company, said yesterday it had pre-qualified as an operator for the Greenland 2010 Baffin Bay licensing round.
Dana boss upbeat despite profit slide
Dana Petroleum, the Aberdeen-based oil and gas operator with interests in the North Sea, Egypt and Morocco, yesterday brushed aside a slump in profits in the first half of 2009.
Premier encouraged by results of Bream testing
Premier Oil said yesterday it had completed the drilling and testing of the Bream appraisal well in Norwegian waters.
Antrim pushes ahead in North Sea
ANTRIM Energy, the Canadian oil and gas operator which focuses on the UK North Sea and Argentina, reported yesterday that it was continuing to progress its two major projects in the North Sea.
Disappointing quarter for Buzzard operator
Oil and gas operator and explorer Nexen saw its second-quarter profits tumble as crude oil and gas prices plunged from the record levels of last July.
Total looking to lower North Sea operating costs
FRENCH oil major Total is the latest energy company to announce moves to reduce its North Sea overheads.
TAQA announces North Sea oil-production milestone
The UK arm of Abu Dhabi national energy company TAQA said today it had produced the 5millionth barrel of oil from its new northern North Sea assets since last December.