Posts Tagged ‘investments’

Statoil still in talks on Shtokman

by on November 9, 2012 10:26 am BST
Upstream incorrectly reported that the company had been reimbursed $340 million worth of investments by Gazprom for the preparations that took place between 2008 and 2012 for the delayed development.This figure was taken from Russian media, however a Statoil spokesperson clarified that figure was incorrect.He told Upstream that the company

Profits cut fails to dampen Kvaerner spirits

by on October 31, 2012 9:01 am BST
The Oslo-listed company’s share was trading up more than 5% on Wednesday despite reporting quarterly net profit of Nkr48 million ($8.4 million), versus Nkr135 million a year earlier, as its revenue sank 7% year on year to Nkr2.43 billion.Its earnings before interest, tax, depreciation and amortisation of Nkr109

Carnarvon to raise Thai funds

by on October 4, 2012 4:31 am BST
The company is looking to raise the funds through the placement of up to about 182.9 million new ordinary shares at a price of A$0.082 per share, representing an 18% discount on Wednesday’s closing price of A$0.10 per share.The placement will be carried out in two tranches, with the first

International starts Siberian production

by on October 4, 2012 4:02 am BST
International has been carrying out workovers of some of the historical wells on Zapadno-Novomolodezhny since acquiring the field through its takeover of Vamaro Investments earlier this year.On Thursday, International revealed it had produced 8000 barrels of oil from well number 52 on the field between 27 August and 30 September.It added