Greka Drilling wins new contract from PetroChina
30th Nov 2016 10:57
(ShareCast News) - Oil and gas miner Greka Drilling has won a second contract with PetroChina Huabei Oilfield to drill five wells, for an undisclosed fee. The AIM-listed company agreed to a one year contract to drill five horizontal wells in the Fanzhuang Block in Shanxi Province, China. The compan
Read moreTwo Greka Drilling rigs on the move in West Bengal
20th Apr 2016 11:44
(ShareCast News) - Greka Drilling had two rigs on the move on Wednesday, receiving orders from Essar Oil to move its equipment into position at its West Bengal project. The AIM-traded independent unconventional oil and gas friller initially announced the contract win on 15 February. It said Essar h
Read moreGreka Drilling secures new contract from Essar Oil
15th Feb 2016 09:11
(ShareCast News) - AIM-listed unconventional oil and gas driller Greka Drilling announced a new contract to provide drilling services to Essar Oil on the Raniganj East Block in West Bengal, India. Greka drilled wells for Essar in late 2013 and this contract was concluded in 2015, with a total of 16
Read moreGreka Drilling says it drilled much more in 2015
5th Feb 2016 10:04
(ShareCast News) - Greka Drilling's activities were on the up in 2015, with the company publishing its operations update for the calendar year on Friday. The AIM-traded firm - the largest independent and specialised unconventional oil and gas driller in Asia, according to its board - drilled a total
Read moreSector movers: Oil services hit by crude-price fall, analyst comments
9th Jan 2015 15:36
Oil equipment, services and distribution stocks were trading in the red on Friday as crude prices declined and comments from Morgan Stanley weighed on sentiment. The recent collapse in oil has hammered shares across the energy services sector over the last few months as exploration and production fi
Read moreSector movers: Petrofac profit warning sinks oil services stocks, OPEC meeting eyed
24th Nov 2014 15:11
A profit warning from blue-chip oilfield services group Petrofac rattled the oil services, equipment and distribution sector in London on Monday, with stocks falling by an average 10%. There was nervousness ahead of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) on Thu
Read moreGreka Drilling almost ready to start drilling in West Bengal
2nd Sep 2014 08:41
Greka Drilling has reported further progress following mobilisation orders from Essar Oil relating to a $65m contract for 100 wells to be drilled in the Raniganj East Block in West Bengal in India. Greka, which is the largest independent and specialised unconventional oil and gas driller in Asia, s
Read moreGreka Drilling secures mobilisation orders from Essar Oil
13th May 2014 14:36
Greka Drilling said it has secured mobilisation orders from Essar Oil on its 65m dollar contract for 100 wells to be drilled in West Bengal. The company has mobilised five rigs to drill the Raniganj block. The first wells are expected to spud in September 2014. "The contract itself is important to
Read moreSector movers: Oil services stocks hammered by Petrofac profit warning
9th May 2014 15:30
Oil equipment and services stocks were hit on Friday by a profit warning from sector heavyweight Petrofac, which said that its bottom line in 2014 is likely to weaken due to lower-than-expected earnings from its Integrated Energy Services (IES) division. The company is guiding to a net profit for t
Read moreGreka Drilling secures state gas drilling deal and eyes more
20th Jun 2013 09:20
Chinese oil and gas services provider Greka Drilling has won a contract with the country's state energy company China National Petroleum Corporation (CNPC). CNPC's Huabei Oilfield Company has contracted Greka to drill for hard-to-reach gas at the Anze coal-bed methane (CBM) project in Shanxi provin
Read moreGreka Drilling's annual revenues climb
12th Mar 2013 09:27
Greka Drilling reported a 39 per cent increase in 2012 revenues following a strong operational performance for the year. The China-focused oil and gas driller posted revenues of $60.9m for the year ended December 31st, up from $43.8m the previous year. Total assets grew by $25.7m to $114.m, a 29%
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