Posts Tagged ‘martin’

Kenya wants tax slice for Cove Energy stakes

by on November 16, 2012 4:57 pm BST
Thailand's PTTEP agreed in August to buy Cove Energy and its small stakes in seven licences offshore Kenya in a $1.9 billion acquisition."In Kenya, we are still dealing with Cove until the transfer has been approved," Martin Heya, Commissioner for Petroleum in Kenya, which has no capital gains

Subsea 7 lands Martin Linge SURF gig

by on November 15, 2012 7:50 am BST
The contract covers the engineering, procurement, construction and installation of the subsea facilities at the field.Subsea 7 said this included a 160-kilometre power cable from the Martin Linge platform to Kollsnes, a 70-kilometre export pipeline and associated valve structure, umbilical and spools for the gas export system, a 55-kilometre fibre

Baker Hughes sees profits slashed by 36%

by on October 19, 2012 11:07 am BST
The steep drop came despite revenues for the three-month period rising 3% year-on-year for the Houston-based, New York-listed outfit to $5.23 billion.Chief executive Martin Craighead said that the weak conditions in North American pressure pumping business and lower-than-expected drilling activity in key

Otis cheers Avalanche flows

by on October 8, 2012 4:35 am BST
The Roy O Martin-21-1 well was flow tested over the past week and produced gas at a stabilised rate of about 560,000 cubic feet per day on a 4.3 millimetre choke.Otis said a pipeline route had been surveyed and the project operator, Ventex, was waiting on land owners to complete a