Posts Tagged ‘fourth’

Nexen down on costs

by on October 25, 2012 10:37 am BST
Net profit for the three months to the end of September was C$59 million ($59.52 million) as compared with C$200 million in the comparable period a year earlier.Total revenues were relatively stable at C$1.51 billion as against C$1.52 billion.However, there was a jump in operating expenses, depreciation and

PTT Exploration and production discovers oil at Algeria project

by on September 21, 2012 4:03 am BST
PTT Exploration and production discovers oil at Algeria projectBY ORANAN PAWEEWUNBANGKOK -- PTT Exploration and Production said that it has discovered crude oil in the fourth and fifth exploration wells at its Hassi Bir Rekaiz project in Algeria.The fourth exploration well yielded crude oil flow of around 485 bopd in the

Cenovus booster at Christina Lake

by on September 4, 2012 11:05 am BST
Cenovus Energy has brought online the fourth phase of its Christina Lake oil sands operation in Alberta as it ramps up production as part of a phased expansion of the project.Phase D of the scheme, which has started up three months ahead of schedule, is set to deliver about 40,000

Inpex keen to drive forward with Abadi FLNG

by on August 31, 2012 2:25 am BST
Both Inpex and BPMigas officials have confirmed the award of dual FEED contracts for the FLNG unit and a third contract for the subsea umbilicals, risers and flowlines package is on track for the fourth quarter of 2012.Find out who is in the running in today’s edition of Upstream newspaper.