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Sector news
Thursday, Jul 29, 2010
EnCore Completes Asset Sale To Egdon UK focused exploration and production company EnCore Oil has completed the transfer of the group's onshore UK assets together with its interest in the offshore UK Ceres gas field to Egdon Resources in return for a consideration of 39.2 million ordinary shares in Egdon.
Thursday, Jul 29, 2010
Oil Spill Claims Payments Hit $256m, Says BP British oil company BP has paid $256m till date to claimants across the Gulf Coast who have lost income or net profit due to the oil spill.
Thursday, Jul 29, 2010
Petrofac Secures Pipeline Project In Kuwait Petrofac, an international oil and gas facilities service provider, has been awarded a pipeline project valued at approximately $400m by Kuwait Oil (KOC).
Thursday, Jul 29, 2010
Ngiri-2 Well Encounters Over 40mt Net Oil Bearing Reservoir: Tullow Tullow Oil has reported that the Ngiri-2 appraisal well, which is located in the Butiaba region of Uganda Block 1, has encountered over 40mt of net oil bearing reservoir in two zones within an overall 131mt gross oil bearing interval.
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