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Published :
Mon, 29 Jan 2007 10:32
By : Agencies
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2007-01-29 08:47:13

Norsk Hydro writes-down GoM fields by 549 mln usd; cuts 7 mln boe from reserves

OSLO (AFX) - Norsk Hydro ASA said it is to write down the value of its

fields in the US Gulf of Mexico by 549 mln usd, and cut its proven reserves by 7

mln barrels of oil equivalents (boe), following a review of its assets in the

region.

2007-01-29 08:31:16

Cairn Energy to return cash to investors in Q2, finds more oil in India

LONDON (AFX) - Cairn Energy PLC revealed plans to return cash to

shareholders in the second quarter alongside news it has discovered more oil in

its prized Rajasthan field in India.

2007-01-29 08:20:16

London shares open lower as Deutsche Telekom warning hits telcos

LONDON (AFX) - Leading shares opened lower this morning, with a profit

warning from Deutsche Telekom weighing on the telecoms sector and poorly

received trading news from Cairn Energy hitting sentiment at the start of a busy

week for corporate and economic news, dealers said.

2007-01-29 08:12:32

Violations found at TNK-BP gas field in Siberia - report

MOSCOW (AFX) - Russia's environmental watchdog has found violations by a

subsidiary of oil major TNK-BP that controls the licence for the massive Kovykta

gas field in Siberia, the Kommersant daily reported.

2007-01-29 07:34:05

Vienna shares AFX at a glance outlook

VIENNA (AFX) - Shares are expected to open slightly higher buoyed by

stronger oil prices and bargain hunting after Friday's profit taking in banking

sector shares, dealers said.

2007-01-29 07:26:14

Gazprom resumes Shtokman talks with Total, Chevron, Conoco, Statoil, Norsk Hydro

PARIS (AFX) - Gazprom has resumed talks with Total, Chevron, ConocoPhillips,

Statoil and Norsk Hydro on jointly developing the giant Shtokman gas field, the

daily Les Echos said, citing comments in Davos by Gazprom vice president

Alexander Medvedev.




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