Scandinavian Oil-Gas Magazine - Financial

Best quarter and year financially for Statoil.

Wed, 08 Feb 2012 10:42:13 UT

Statoil's fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increasecompared to NOK 42.8 billion in the fourth quarter of 2010

Tags: Statoil

BRS Labs joins CNL Software's technology alliance program

Wed, 08 Feb 2012 05:10:43 UT

CNL Software and BRS Labs Inc. jointly declare a technology partnership between the two companies.

Tags: BRS Labs Inc., CNL Software

Boardwalk reports South Texas Eagle Ford expansion

Tue, 07 Feb 2012 05:08:59 UT

Boardwalk Pipeline Partners reported that its subsidiary, Boardwalk Field Services, LLC, will expand its gathering system and

Tags: Boardwalk Pipeline Partners

Sundance Energy reports new 42,800 acre land option at Muskowekwan

Tue, 07 Feb 2012 00:12:20 UT

Sundance Energy Corporation report that Muskowekwan Resources Ltd., as general partner of the Muskowekwan Limited Partnership

Tags: Sundance Energy

ATP closes $25 million overriding royalty interest sale

Mon, 06 Feb 2012 10:15:36 UT

ATP Oil & Gas Corporation has sold a $25 million dollar denominated limited term overriding royalty interest in its Gomez Hub.

Tags: ATP Oil & Gas Corporation

Midway Energy reports Garrington acquisition

Mon, 06 Feb 2012 07:09:24 UT

Midway Energy Ltd. has signed a purchase and sale agreement to acquire additional Cardium lands and production in the Garrington

Tags: Midway Energy Ltd.

National Oilwell Varco completes flexible pipe acquisition

Mon, 06 Feb 2012 05:04:55 UT

National Oilwell Varco has signed a definitive agreement to acquire NKT Flexibles I/S (NKT) for approximately US $670 million or

Tags: National Oilwell Varco

Nautical Petroleum to acquire stake in North Sea Block

Mon, 06 Feb 2012 00:16:07 UT

Nautical Petroleum has entered into an agreement with First Oil Expro Limited to acquire a 25 percent interest in UK Petroleum

Tags: Nautical Petroleum plc

Spectra Energy Partners reports year end and fourth quarter 2011 results

Mon, 06 Feb 2012 00:16:07 UT

Spectra Energy Partners reported fourth quarter 2011 net income of $42.0 million, compared with $37.2 million in the prior year quarter.

Tags: Spectra Energy Partners

Aker Solutions acquires Sandnessjøen Engineering

Fri, 03 Feb 2012 10:13:58 UT

Aker Solutions acquires Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions'

Tags: Aker Solutions, Sandnessjøen Engineering

Buccaneer acquires interest in Cosmopolitan project

Fri, 03 Feb 2012 04:27:09 UT

Buccaneer Energy Limited has executed a Purchase and Sale Agreement for the acquisition of the two main productive leases in the

Tags: Buccaneer Energy Ltd.

Rosneft and Sberbank reach agreement in principle on Taas-Yuryakh project

Fri, 03 Feb 2012 00:24:15 UT

Rosneft and Sberbank signed a tentative agreement on the acquisition by Rosneft of a 35.3 percent stake in Taas-Yuryakh Neftegazodobycha.

Tags: Rosneft

Quicksilver Resources reports 2012 capital spending program of $370 million

Thu, 02 Feb 2012 09:10:06 UT

Quicksilver Resources intends to spend approximately $370 million in 2012 for drilling and completion and related oil and gas activities.

Tags: Quicksilver Resources Inc.

Petrobank reports sale of May River property and executive appointment

Thu, 02 Feb 2012 00:47:12 UT

Petrobank have entered into an agreement with Grizzly Oil Sands to sell our May River property, which includes the Conklin demonstration project

Tags: Petrobank Energy and Resources Ltd.

Fairborne to sell Clive D2 and D3 unit interests for $47.5 million

Thu, 02 Feb 2012 00:47:12 UT

Fairborne Energy Ltd. has entered into an agreement with a private oil and gas company to sell its entire working interest in the Clive

Tags: Fairborne Energy Ltd.

Apache completes acquisition of 49-percent stake in Burrup Fertilisers plant

Thu, 02 Feb 2012 00:47:12 UT

Apache report that its Apache Energy subsidiary has completed previously announced plans to acquire an interest in Burrup Holdings

Tags: Apache Corporation

Vero Energy closes sale of its natural gas assets

Thu, 02 Feb 2012 00:47:12 UT

Vero Energy Inc. report that the divestiture of its deep basin natural gas assets announced on January 3, 2012 has closed.

Tags: Vero Energy

Wärtsilä's acquisition of Hamworthy becomes effective

Wed, 01 Feb 2012 10:26:02 UT

Hamworthy's portfolio of high technology products and systems represents a valuable complementary addition to Wärtsilä's offering.

Tags: Wartsila

Maritime Assurance and Consulting has successful first year in business

Wed, 01 Feb 2012 10:26:02 UT

Aberdeen-based Maritime Assurance and Consulting Ltd (MAC) has enjoyed a successful first year in business.

Tags: Maritime Assurance and Consulting Ltd (MAC)

GreenHunter Energy's plan for continued listing accepted by NYSE Amex

Wed, 01 Feb 2012 00:12:15 UT

GreenHunter Energy report that NYSE Amex has accepted GreenHunter's plan to regain compliance with the exchange's listing

Tags: GreenHunter Energy

Chinook Energy reports asset disposition

Wed, 01 Feb 2012 00:12:15 UT

Chinook Energy has entered into a purchase and sale agreement with the City of Medicine Hat to sell certain oil producing assets

Tags: Chinook Energy

Dana Gas achieves 220% increase in net profits in 2011

Tue, 31 Jan 2012 10:23:09 UT

Dana Gas PJSC the Middle East’s largest regional private sector natural gas company, has announced its preliminary financial results

Tags: Dana Gas

Xcite Energy reports drawdown on equity credit facility

Tue, 31 Jan 2012 00:21:46 UT

Xcite Energy has drawn down on its Equity Line Agreement with Esousa Holdings, dated 16 December 2011 in the amount of £3.537 million (CAD$5.571 million).

Tags: Xcite Energy

Tangiers Petroleum undertakes AUD$6.35 million placement

Tue, 31 Jan 2012 00:21:46 UT

Tangiers Petroleum has completed a private placement book build to raise approx. AUD$6.35 million through the issue of approx.

Tags: Tangiers Petroleum Limited, Tangiers Petroleum Limited

Trincan Capital Corp. aquires land in North West Alberta

Tue, 31 Jan 2012 00:21:46 UT

Trincan Capital Corp. has acquired approximately 1 3/4 Sections of land in North West Alberta in a recent Crown Land Sale.

Tags: Trincan Capital Corp.

ITF reports plans for 2012 technology investment

Mon, 30 Jan 2012 09:36:15 UT

ITF, the global oil and gas technology facilitator, has declared the challenges that its membership of operator and service companies

Tags: ITF

RWE acquires seven licenses in APA 2011

Mon, 30 Jan 2012 00:15:11 UT

The Norwegian Government has awarded RWE Dea Norge seven new licenses, of which two as operator in the latest Awards in

Tags: RWE Dea Norge AS

BP statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Indemnity in Deepwater Horizon Accident

Mon, 30 Jan 2012 00:15:11 UT

This statement was made on 26 January 2012 in response to the court ruling issued the same day. The full judge’s Opinion can be read here:

Tags: BP PLC

AWE acquires assets Offshore Indonesia

Fri, 27 Jan 2012 09:48:08 UT

AWE Limited (AWE) has executed a Sale and Purchase Agreement (SPA) with a subsidiary of Genting Berhad (Genting) whereby a wholly

Tags: AWE Limited

Aubin reports Brazilian partnership

Fri, 27 Jan 2012 09:48:08 UT

Aubin, a leading independent supplier of specialist chemicals to the energy industry, has declared a strategic partnership with an agent in Brazil.

Tags: Aubin