Posts Tagged ‘continental’

Statoil signs gas supply agreement

by on November 20, 2012 6:54 am BST
Under the agreement Statoil, which claims to be the second largest supplier of gas to Europe, will deliver a total of 45 billion cubic metres of gas to Wintershall over a 10-year period.Statoil did not provide the financial details of the deal but said the gas was priced “at competitive

Continental adds to Bakken acreage

by on November 8, 2012 12:26 am BST
The Oklahoma City-based company will buy the producing and undeveloped properties for $650 million from an unnamed seller. The property includes leasehold of about 120,000 net acres, primarily in Divide and Williams counties, North Dakota, and production of about 6500 barrels of oil equivalent per day. The deal, once completed, will

Continental profits down despite output hike

by on November 8, 2012 12:12 am BST
The US independent posted a net income in the three months to September of $44.1 million. That was down more than 90% from profits posted a year ago of $439.1 million.Continental said the profit decline was due in part to losses on derivatives, property impairment charges and the costs

Statoil builds research centre to improve recovery rate

by on September 24, 2012 11:10 am BST
Statoil builds research centre to improve recovery rateBY KATARINA GUSTAFSONOSLO -- Norwegian oil and gas major Statoil ASA (said it has started the construction of a research centre in Trondheim, Norway, that will focus on improving recovery rates from fields on the Norwegian continental shelf.The centre will cost around 240 million