Posts Tagged ‘south-east’

GDF Suez announces natural gas discovery in the Illizi basin in southeast Algeria

by on November 8, 2012 11:00 am BST
GDF Suez announces natural gas discovery in the Illizi basin in southeast AlgeriaGDF Suez SA on Thursday announced the discovery of natural gas in the Illizi basin in southeast Algeria. The Tihalatine Sud-1 (TIHS-1) well was drilled to a depth of 1,192 m in the Ordovician shale. A production test

Talisman eyes asset sales to curb losses

by on October 30, 2012 11:02 am BST
The Canadian company reported a net loss of $731 million, versus a profit of $521 million a year ago, with chief executive Hal Kvisle saying the result “reflects the strengths and challenges of our portfolio”.The impairment charge was attributed to Talisman’s impending exit from Peru, a ban on shale

Enviro sells Jilin oilfield stake

by on October 19, 2012 9:19 am BST
An unnamed Chinese limited liability company has agreed to purchase Jilin Hengli for a consideration of 50 million yuan (US$8 million), Enviro stated.The consideration will be paid in two phases: 48 million yuan, together with the cash balance of Jilin Hengli, will be due to Enviro within three business days of

Pan Pacific to offload Carnarvon assets

by on October 5, 2012 5:00 am BST
The deal will include Pan Pacific’s 23.166% interest in TL/2, its 10% interests in WA-33-R, WA-45-R and WA-46-R, as well as its 5.235% stake in WA-47-R and 4.157% interest in TP/7.The blocks are considered to be at a legacy position from past activities which included