Posts Tagged ‘middle’

Tethys in onshore Oman spud

by on November 21, 2012 8:57 am BST
Located about 20 kilometres west of the Saiwan East oilfield in Block 4, well B4EW4 is planned to be drilled to a total measured depth of 3300 metres. It is targeting five potential reservoir formations – Lower Al Bashir, Miqrat, Amin, Buah and Masirah Bay. Four of the reservoirs (the exception being

Aker walks away from NPS deal

by on November 21, 2012 7:28 am BST
Aker announced in May that it had agreed to buy NPS Energy for an equity value of $350 million and assume about $110 million in net interest bearing debt as it looked target contract wins in the Middle East and North Africa.However, the deal was conditional upon a number

GLOBAL MARKETS-Growth, U.S. fiscal worries hit shares, but Nikkei gains

by on November 16, 2012 11:15 am BST
Fri Nov 16, 2012 6:15am EST * European shares extend recent falls, FTSE 300 down 0.5 pct * Nikkei rises 2.2 pct, yen steady near 6-1/2 month low* Talks on "fiscal cliff" due to begin in Washington* Brent crude above $108 a barrel on Middle East tensionBy Richard HubbardLONDON, Nov 16 (Reuters) - European shares fell for a

Talisman ditches Varg duster

by on November 16, 2012 8:56 am BST
The 16/10-5 well, located about 17 kilometres south-east of the Varg field off Norway at a water depth of 83 metres, was the first exploration well in Talisman’s production licence 568.It was aiming to prove petroleum in the Ula formation, where it had encountered a 94-metre reservoir with good quality Upper Jurassic