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GDF profit dips; share price falls

GDF Suez reported net profit fell 13.3% at €4 billion ($5.3 billion) in 2011 compared with a year earlier, as the mild winter in early 2011 triggered a dramatic drop in natural gas sales in its core French market.

GDF Suez shares fell to their lowest level of the year to date on Thursday as investors took on board the company’s weakening outlook. By early afternoon in Paris, the stock was down 5.4% at €20.17.

Click this to browse through other reports and presentations of GDF-

http://docsearch.derrickpetroleum.com/search/q/GDF%20suez/sort/date/company/627/page/0/

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Noble Energy Announces 2012 Capex - $3.5B

1. Total capital expenditures are estimated at $3.5 billion for 2012

2. US – 

a. $1.25B in DJ Basin to expand horizontal Niobrara drilling (173 horizontal wells) and active vertical well program in Wattenberg in 2012.

b. $500 M in Marcellus Shale (drill 99 joint venture wells, 39 operated wells)

c. $250 M in GOM (appraisal drilling at Gunflint and execute a multi-well exploration program)

3. West Africa and the Eastern Mediterranean -  $500 M and $750 M, respectively.

4. Capital also allocated to China, the North Sea and several New Venture opportunities

For the Complete report please visit:

http://docsearch.derrickpetroleum.com/doc/noble-energy-announces-2012-capital-program-and-guidance/20377/

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Petrobras profits plunge in Q4

- Petrobras's profits were chopped in half as it struggled with the high costs of importing refined products

- Investments in 2011 totaled R$ 73 billion, of which most went to the E&P (47%) and Supply (37%) segments

- The Company plans to invest R$ 87,545 in 2012

To view complete report click on:

http://docsearch.derrickpetroleum.com/doc/petrobras-profits-plunge-in-q4/20375/

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Duvernay Shale sees a hike in metrics

Sonde Resources has sold 10,619 gross undeveloped hectares in Duvernay play for $75 million. Sonde divests Duvernay to focus more on its projects in Western Canada and offshore Tunisia and Libya.

The Duvernay play which seems to be similar to the Eagle Ford is attracting interest from the operators. Duvernay metric which was going at an average price of $1,500/acre sees a new benchmark with this Sonde deal where it settles at ~$2,800/acre.

Use Derrick’s new oil & gas search tool to know what others Duvernay operators are reporting about the play:

http://docsearch.derrickpetroleum.com/search/presentations/q/duvernay/document/4/

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Sinochem takes Total's Tepma

- Total continues to sell down assets in Colombia as the French supermajor sold off a company to Sinochem

- Tepma holds a working interest in the Cusiana field in Colombia as well as participations in a number of pipelines in the country. Total had a share of 7000 barrels of oil equivalent per day from Cusiana

To know more about Total's quarterly results and investor presentation, use this Derrick’s new oil & gas search tool:

http://docsearch.derrickpetroleum.com/search/q/total/sort/date/page/0/

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Key Petroleum plans Brockham shut-in

Highlights:

-- Key Petroleum Ltd, as part of its evaluation of the Brockham Oilfield, will shut-in the Brockham wells

-- Evaluation of the Greater Oolite Reservior is undertaken to achieve a better understanding of the economic future of the field

-- Key holds 100% interest in the field.

For more information/Presentation/Annual/Interim Reports of Key Petroleum, please check out the below link:

http://docsearch.derrickpetroleum.com/search/presentations/q/Key%20Petroleum/sort/date/company/287/document/4/page/0

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Statoil announces increase in reserves at Snohvit

Statoil announced that it was found 125 mmboe of additional gas in the Snohvit field which already has known recoverable reserves of 1140 mmboe of gas. With this, a plan is underway on how to increase exports from Barents Sea, either through increased LNG or through an export pipeline. An investment decision will be taken on it in 2013.

For more information on Statoil and its activities, check latest documents here:

http://docsearch.derrickpetroleum.com/search/presentations/q/Snohvit/sort/date/document/4/page/0/

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ONGC profit drops in Q3

Highlights

- ONGC declares Q3 results. Under-recovery discount shoots up by 197% Impacting profit by 4.8%. 

- ONGC notifies five more discoveries, totaling 20 in the Fiscal Year.

- ONGC Videsh Limited wins SCOPE Excellence Award

- ONGC bags the Best overall Performance PCRA Award for 3rd consecutive year

To know more about ONGC’s quarterly results and investor presentation, use this Derrick’s new oil & gas search tool:

http://docsearch.derrickpetroleum.com/doc/ongc-q3-2011/20362/

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TNK-BP plans $4bn Artic spend

Highlights:

The company will spend close to $2 billion on four oil fields in Yamal in northern Russia between 2012 and 2014

- Total investments over the next 30 years of development will total $12 billion

- The company also plans to invest $4.9 billion until 2020 to increase production at the Uvat group of fields in East Siberia

To know more about TNK BP’s quarterly results and investor presentation, use this Derrick’s new oil & gas search tool:

http://docsearch.derrickpetroleum.com/search/presentations/q/tnk/sort/date/document/4/page/0/ 

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Lundin profits on higher output

- Sweden’s Lundin Petroleum saw profits from its continuing operations rise 20% as revenues were driven higher and increased production from Norway offset falls elsewhere.

- The rise in profits from Lundin’s continuing operations came as the company booked a 59% rise in revenue, generating nearly $1.3 billion in cash compared to about $798.6 million in 2010, largely due to increased oil and gas sales

- The increase was largely driven by the company’s operations in Norway. The rise in output in Norway offset a decline across the board in of Lundin’s other international operations in France, the Netherlands, Indonesia, Russia and Tunisia as well as lost production from its discontinued UK operations

- Lundin forecast 2012 production to average between 32,000 and 38,000 boepd 

Further details available on: http://docsearch.derrickpetroleum.com/doc/lundin-petroleum-q4-2011/20279/

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Wentworth divests Mtwara Power Plant to TANESCO for $13.5M

- 100% owned 18MW gas‐fired power plant and associated assets in Mtwara, Tanzania

-- Allows to streamline its Tanzania operations (Upstream)

-- Provides non‐dilutive capital for near term investment in Upstream

-- TANESCO is Tanzania’s electrical power utility

http://docsearch.derrickpetroleum.com/search/presentations/q/Wentworth%20Resources/sort/date/document/4/page/0/

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Statoil to spend $17 billion and focus more on North Sea exploration

Statoil delivered strong exploration results in 2011, adding more than 1 billion barrels to Statoil's resource base. Statoil declaring high impact discoveries in the mature North Sea as well as in the Barents Sea reaffirms its potential in the Norwegian continental shelf.

Statoil has planned to spend ~$17 billion in 2012 including expenditures relating to the new assets from the recent Brigham acquisition.  Statoil will continue to mature its large portfolio of exploration assets and expects to complete around 40 wells with a total exploration activity level in 2012 similar to the 2011 level at around $3 billion, excluding signature bonuses.

To view complete quarterly report, use this Derrick’s new oil & gas search tool: 

http://docsearch.derrickpetroleum.com/doc/statoil-q4-2011/20278/

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Santos reserves – First drop in 8 years

Main highlights:

-- Proved and Probable Reserves (2P) at 31-Dec-2011 are 1,364 MMBOE

-- 2P Reserves down from 1,445 MMBOE at Dec-2010

-- 108 MMBOE reduction from the sale of 15% interest in GLNG to Total and KOGAS

-- 1P Reserves at 31-Dec-2011 are 649 MMBOE, 3 MMBOE higher than 2010.

For more information/documents/presentations of Santos, please use the Derrick Document Search Tool:

http://docsearch.derrickpetroleum.com/search/q/Santos/sort/date/company/492/page/0/

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BHP profits slip

Australian mining giant BHP Billiton saw profits slip 5.5% during the six months to 31 December despite a rise in revenue and strong performance from the petroleum sector. The company posted a profit of US$9.9 billion during the first half of the Australian financial year, which ends on 30 June, compared to a profit of US$10.5 billion a year earlier. Revenue for the six month period was US$37.5 billion which was a 9.7% rise on the US$34.2 billion booked during the same period in 2010.

For more on BHP Billiton’s activities, their press releases, presentations and annual reports, check out the Derrick Document Search Tool:

http://docsearch.derrickpetroleum.com/search/presentations/q/bhp%20/document/4/page/0/

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Anadarko reaps more from Shales

Unconventional shales have become a material contributor to Anadarko’s portfolio. In 2011, Anadarko’s shale plays delivered a year-over-year sales volume increase of almost 200%. Shale volumes currently account for slightly more than 10% of the total company sales volumes, up from less than 1%, 2 years ago. Shales also represent about 5% of Anadarko's total proved reserves.

Click this to know more about Anadarko’s activity in Shales:

http://docsearch.derrickpetroleum.com/search/q/Anadarko%20shale/sort/date/company/28/page/0/

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London listed Leni Gas & Oil announces drilling delay

London-listed Leni Gas & Oil has announced a delay to the start of drilling at Eugene Island Block 184, in the Gulf of Mexico, following a hold-up with the arrival of the jack-up rig. Diamond Offshore's Ocean Columbia was originally scheduled to arrive on the Marlin Energy-operated block in January but Leni said the current operator of the rig at Eugene Island Block 51had experienced problems withdrawing the jack-up’s legs from the seafloor.

For more about Leni Gas & Oil’s activities, check out the Derrick Document Search Tool:

http://docsearch.derrickpetroleum.com/search/presentations/q/leni%20oil%20and%20gas/document/4/page/0/

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Statoil dives into Indonesian waters

Statoil has commenced drilling of its first deep-water exploration well off Indonesia. The well is being drilled by Transocean drillship Global Santa Fe Explorer and is targeting the Gatotkaca prospect in the Statoil-operated Karama production sharing contract in the Makassar Strait between Sulawesi and Kalimantan. 

The drilling activity is anticipated to take 60 days to complete and is being drilled in 1500 to 2000 meters of water.

To know more about Statoil’s exploration activities for 2012, please visit Derrick Document Search Tool:

http://docsearch.derrickpetroleum.com/search/presentations/q/Statoil/sort/date/document/4/page/0/