TN PETRÓLEO

Previous News

• Strategic Plan

  02/02/2012 - Shell Reveals New Growth Agenda for 2012

  Royal Dutch Shell provided an update Thursday on progress against its strategic plan to generate profitable growth. The firm said that in today's volatile economic environment, the company's strategic aim remains to drive forward with its investment program as well as to deliver sustainable growth and provide competitive returns to shareholders.

• Europe & Russia

  02/02/2012 - Rosneft Makes 'Tentative' Deal to Buy Taas-Yuryakh Project

  Russia's state-controlled oil company Rosneft announced Thursday that it signed a tentative agreement with Russian bank Sberbank for Rosneft to acquire a 35.3-percent stake in Taas-Yuryakh Neftegazodobycha.

• Companies

  02/02/2012 - Bergen Group Wins $8.6 Million Contract with Statoil

  Bergen Group Offshore has won an estimated $8.6 million (NOK50 million) contract, via its subsidiary Bergen Group Rosenberg, with fellow Norwegian firm Statoil for the fabrication of subsea structures for the Åsgard Subsea Compression Project.

• North Sea

  02/02/2012 - Nautical Petroleum to Take Stake in North Sea Block

  Nautical Petroleum plc has entered into an agreement with First Oil Expro Limited to acquire a 25 percent interest in UK Petroleum Exploration and Development License P1756, North Sea Block 3/27a, which contains the Hydra prospect.

• Business

  02/02/2012 - Total Jump Starts $4.2B Hild Development

  Total, operator of the Hild license, launches the development of this field located in the Norwegian North Sea. This development will represent an investment of US $4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and Norwegian Parliament (Storting). Total holds a 51% interest together with its partners Petoro (30 %) and Statoil (19 %). Hild's reserves amount to approximately 190 million barrels of oil equivalent (boe). Production is expected to start end of 2016 and will reach 100,000 boe per day at peak.

• United States

  02/02/2012 - SandRidge to Acquire Dynamic Offshore Resources for $1.28B

  SandRidge Energy, Inc. has entered into an agreement to acquire Dynamic Offshore Resources, LLC for aggregate consideration of $1.275 billion consisting of approximately $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share.

• South America

  02/01/2012 - Borders & Southern Petroleum Spuds Falklands Well

  Falkland Islands oil explorer Borders & Southern Petroleum announced Wednesday that it has spud its exploration well 61/17-1, which is designed to test the Darwin East prospect. Borders is the operator of the well, having a 100-percent interest in license PL018. The spud occurs amid rising diplomatic tensions between Argentina and the UK government about the Falkland Islands' sovereignty.

• Europe

  02/01/2012 - European Commission Could Tap Oil Stocks if Iran Stops Sales

  The European Commission does not rule out the use of member state oil stocks to replace any sudden cessation of Iranian crude oil imports, but EU diplomats are playing down Iranian threats to pre-empt an oil embargo by stopping sales to Europe.

• Memorandum of Understanding

  02/01/2012 - Tethys Pens MOU for Uzbek Exploration

  Tethys Petroleum Limited has signed a Memorandum of Understanding ("MOU") with the Uzbek State oil and gas company Uzbekneftegaz. The objective of this MOU is to provide the framework for a Joint Study and the negotiation process for an Exploration Agreement relating to certain exploration blocks in the North Ustyurt Basin of Uzbekistan.

• New Zealand

  02/01/2012 - Kea to Commence 2012 NZ Drilling Program

  Kea announced that its 2012 drilling program will commence with the drilling of the Puka-1 well in onshore Taranaki, New Zealand permit area PEP 51153. Puka-1 is expected to spud within the next four weeks.