Tap Oil Announces Craigow-1 Well Commences

Tap Oil Limited is pleased to advise that the Kan Tan IV semi-submersible drilling rig commenced drilling the Craigow-1 well at 03:00 hrs (EST) on 24 December 2010. The Craigow prospect is an anticlinal trap defined on 3D seismic data, in a good location for both reservoir quality and oil charge.  Craigow...

Posted on 12/24/2010 / 0 comments / Read More

TVI Pacific To Acquire TG World Energy

TVI Pacific Inc. announced a definitive arrangement agreement to acquire all of the outstanding common shares of TG World Energy Inc. not owned by it on the basis of 0.67 of a TVI common share for each TG common share. [Read more] Source: RTT N...

Posted on 12/24/2010 / 0 comments / Read More

Sinopec's Addax to churn out 3.7 pct more crude in 2010

Crude oil output from China Petroleum & Chemical Corp's (Sinopec) Addax unit will grow 3.7 percent from a year earlier to 7 million tonnes this year, or 140,000 barrels per day, parent China Petrochemical Corp said in a report on Friday. [Read more] Source: Reut...

Posted on 12/24/2010 / 0 comments / Read More