Sparrows soar on industry upturn
39We saw a strong return to growth in 2011 with Sparrows provisional results for the year to December 2011 showing sales in excess of pound165 million up 11 on 2010 and EBITDA similarly incre
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National Oilwell Varco announces fourth quarter and full year 2011 earnings
National Oilwell Varco reported that for the fourth quarter ended December 31 2011 it earned net income of 574 million or 1.35 per fully diluted share. Earnings improved eight percent compared to
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Kaitangata multi-well CSG programme
Wangaloa2 the fifth well in the programme will be drilled to a target depth of approximately 350m. The well is set to test the coal seam gas potential from five subbituminous coal horizons Capstic
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OGX confirms pre-salt reservoir in shallow waters with hydrocarbons in the Santos Basin
As previously announced the wildcat well 1OGX63SPS located in the BMS57 block identified hydrocarbon both in the Aptian and Albian sections. OGX holds a 100 working interest in this block.
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Russian oil output reaches record high with the help from Roseneft and Gazprom
Russia39s oil production growth is expected to flatten in coming years. This growth surprised analysts as it hit a postSoviet record monthly high of 10.36 million barrels per day bpd in January
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China National Offshore Oil Corp to triple production by 2030
China National Offshore Oil Corp CNOOC aims to double oil and gas production by 2020 Chairman Wang Yilin said. He went on to say that CNOOC aims to triple it by 2030 from output levels in 2010. Ac
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OPITO appoints new UK managing director
Larraine Boorman has taken over the reins at OPITO from David Binnie who stood down in October 2011 to pursue a new life in New Zealand with his family. She brings a wealth of experience and an impres
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Nautical Petroleum plc acquisition of 25% Interest in North Sea Block 3/27a
Nautical was previously the operator of Block 327a and has exercised an option to farmin to the block with First Oil Expo Limited. The licence commitment to be completed by 10 January 2015 is th
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ExxonMobil licenses oil sands steam injection technology to Baker Hughes
Approximately 80 percent of Canada39s oil sands can be produced using insitu technology which involves the injection of steam to enable bitumen to be extracted through drilling versus surface min
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FoxDavies Daily Monitor – Gulfsands Petroleum, Max Petroleum and Tower Resources
Gulfsands Petroleum UNDER REVIEW GPX LN 173.75p x25BC0.14 Production at Block 26 continues despite Gulfsands39 withdrawal from operations and hopefully that will mean that it will be able
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FoxDavies views from the trading floor – Aurelian Oil & Gas, Borders & Southern and Xcite Energy
Aurelian Oil Gas LONAUL pushed 3 better to 17p before lunch on almost 3 times the average daily volume after the company gave an update on its Siekierki project and strategic review. The RNS m
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FoxDavies views from the trading floor – Aurelian Oil & Gas, Borders & Southern and Xcite Energy
Aurelian Oil Gas LONAUL pushed 3 better to 17p before lunch on almost 3 times the average daily volume after the company gave an update on its Siekierki project and strategic review. The RNS m
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