SONANGOL SHOULD BOLSTER its stake in Portugals Galp Energia as part of its strategy to expand its business abroad, according to oil minister Jose Botelho de Vasconcelos.
p>SONANGOL SHOULD BOLSTER its stake in Portugals Galp Energia as part of its strategy to expand its business abroad, according to oil minister Jose Botelho de Vasconcelos.In a letter to shareholders, Circle chairman Thomas Anderson said it had achieved an average oil price of $65.90 per barrel in 2009 and a gas price of $7.20 per thousand cubic feet resulting in its first gross profit of $7.37 mn.
p>In a letter to shareholders, Circle chairman Thomas Anderson said it had achieved an average oil price of $65.90 per barrel in 2009 and a gas price of $7.20 per thousand cubic feet resulting in its first gross profit of $7.37 mn.AFREN HAS REACHED an agreement with Black Marlin Energy to acquire all of the issued and to be issued share capital of Black Marlin.
p>AFREN HAS REACHED an agreement with Black Marlin Energy to acquire all of the issued and to be issued share capital of Black Marlin.NASDAQ-LISTED ACERGY and Oslo-listed Subsea 7 are pursuing a merger deal that will see the creation of a combined entity with a combined market value of $5.4 bn.
p>NASDAQ-LISTED ACERGY and Oslo-listed Subsea 7 are pursuing a merger deal that will see the creation of a combined entity with a combined market value of $5.4 bn.THE INTERNATIONAL ENERGY Agency (IEA) estimates an extended global moratorium on new drilling could cut potential world offshore output by 800,000 barrels to 900,000 bpd by 2015.
p>THE INTERNATIONAL ENERGY Agency (IEA) estimates an extended global moratorium on new drilling could cut potential world offshore output by 800,000 barrels to 900,000 bpd by 2015.
