Posts Tagged ‘territory’

Addax Petroleum discovers new oil, gas reserves in Cameroon

by on October 10, 2012 4:34 am BST
Addax Petroleum discovers new oil, gas reserves in CameroonBY EMMANUEL TUMANJONGYAOUNDE -- Addax Petroleum, a wholly owned CNPC subsidiary, said it has discovered new offshore oil and gas reserves in Bakassi, in the southwest region of Cameroon.A statement jointly issued by Addax Petroleum's Chief Executive Officer Yi Zhang and the

PTTEP fined $526,000 for Montara spill

by on August 31, 2012 9:02 am BST
The Thai giant announced on Friday that the fine had been issued to its subsidiary, PTTEP Australasia, by the Darwin Magistrates Court in the Northern Territory.The company got off lightly, given it had faced maximum fines of A$1.7 million (US$1.75 million).Considered to be Australia’s worst oil disaster, a

Two workers killed on Stena Clyde

by on August 27, 2012 5:10 pm BST
Two men, a 60-year-old from Scotland and a 32-year-old Australian from the Northern Territory, were apparently struck by a piece of moving machinery at around 9:15 am local time, the Australian Associated Press (AAP) reported.The accident occurred about 90 kilometres south-east of the city of Warrnambool. Origin is

Armour records gas resource

by on July 17, 2012 8:03 am BST
The well was drilled to 1804 metres in mid-June, hitting gas in the Lyott and Reward formations on the Cow Lagoon West Anticline within the Batten Trough.Armour reported that further evaluation of the seismic data indicated that Cow Lagoon was part of a greater structure that held a mean