Africa
Norway-based oil outfit Interoil E&P noted the impact of drilling costs before posting on Friday an $11.7 million fourth-quarter loss on revenues that slipped 1.2 million to $10.7 million. 
Swedish Lundin Petroleum bucked the reporting trend Wednesday to post an 80-percent, fourth-quarter gain year-to-year, up to SED195.9 million ($27.8 million) despite a slump in net profit for the year. 
North African gas player, First Calgary Petroleums Ltd. and Algerian state champion, Sonatrach, have permission to move ahead on the US$1.3 billion MLE oil and gas field development in the desert. 
African oilfield player, Bowleven, said Monday that it has hit two intervals of gas in the shallow water off Cameroon which promise to turn old Total acreage into a commercial find. 
North Sea player Nexen Inc., of Calgary, will use part of its record cash flow of $2.7 billion on Norway-sector seismic, Gulf of Mexico production starts and African studies, it was gleaned Friday.
BG buying bulk LNG from Nigerian Train 7 Feb 12, 2007
U.K. gas heavyweight, BG group, will buy 2.25 million tonnes a year of liquefied natural gas from Nigerian export terminal, the planned Train 7 at Finima Bonny Island, Nigeria.
Verenex confirms oil discovery at first exploration well in Libya Feb 7, 2007
Canada-based Verenex Energy Inc. provides additional information on interim production testing results at its first exploration well in Libya, A1-47/02 in Area 47 in the Ghadames Basin, and to confirm its status as an oil discovery. 
Calgary-based Addax Petroleum declared at the weekend that an employee hired by manpower provider Petrostuff Nigeria Ltd. was abducted from a platform in southeast Nigeria and then killed by his assailants. 
Louisiana-based Global Offshore Internatinal Ltd.has won the $150-million task of hauling and installing pipeline and platform parts offshore Nigeria for Chevron and the Nigeria National Petroleum Corp. 
India and Libya have discussed a wide range of issues for cooperation in the hydrocarbon sector during the visit of Indian Petroleum Minister, Mr. Murli Deora, who is on 3 day visit to Libya. 
TransGlobe Energy Corporation announces a joint venture with Occidental of Yemen (Block 75), LLC ("Occidental") on Block 75 in the Republic of Yemen. 
The head of a Libyan business consultancy says the supply chain in Mohamar Khadaffi’s desert country is gearing up for “hundreds of wells”, but a recent law demands they form joint ventures with Libyan firms, as in his own. 
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in the U.S.A., Syria and Iraq has executed a formal contract for a drilling rig to be used for drilling the next exploration well on Block 26, Syria in February 2007.
First Australian Resources provides West Africa seismic update Jan 30, 2007
The MV Symphony seismic vessel is scheduled to commence acquiring seismic for FAR Offshore Senegal during the second week of February 2007. The vessel is currently active for the Italian group Edison in an adjacent concession. 
A new floating production company, Fred Olsen Produciton ASA, will list in Oslo this year hoping to raise $200 million, it was understood Monday. |
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