Oil and Gas Community

BP announced today that it intends to sell its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business.

Also included in the sale are LPG storage terminals, bottle filling plants, customer lists, operating licences and logistics assets.

The ... more

• BP's fourth-quarter replacement cost profit was $7,606 million, compared with $4,614 million a year ago. For the full year, replacement cost profit was $23,900 million compared with a loss of $4,914 million a year ago. Replacement cost profit or loss for the group is a non-GAAP measure. For further information see pages 4 and 17.
  
  The group income ... more

TORTOLA, British Virgin Islands, Feb. 6, 2012 /CNW/ - Orca Exploration Group Inc ("Orca Exploration" or the "Company") announces commencement of the drilling in Tanzania of a new gas production well ("SS-11") on Songo Songo Island. The well is part of a previously announced US$130 million expansion programme to double Orca's production from the Songo Songo field. The programme ... more

CALGARY, Feb. 7, 2012 /CNW/ - Sterling Resources Ltd. (TSX-V:SLG) ("Sterling" or the "Company") on behalf of its wholly owned subsidiary Sterling Resources Netherlands BV, announces the preliminary results of appraisal well F17-09 in block F17a of the Dutch North Sea.

After reaching a measured depth of 2200 meters, provisional analysis indicates the well encountered a ... more

CALGARY, Feb. 6, 2012 /CNW/ - Athabasca Oil Sands Corp. (TSX:  ATH) is pleased to provide a light oil operations update for its Kaybob property located in the Deep Basin area of northwestern Alberta.

The company recently drilled and completed its first Montney horizontal well in the Kaybob East area, located at 13-22-64-18W5.  The 1,220 metre lateral was ... more