Greka Drilling Share News (GDL)
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LONDON (Alliance News) - Greka Drilling Ltd Tuesday said following mobilisation orders from Essar Oil Ltd, the USD65 million contract for 100 wells to be drilled for Essar in the Raniganj Block in West Bengal has commenced. Essar Drilling is part of Essar Group which owns FTSE 250-listed Es
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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 moreLONDON (Alliance News) - Greka Drilling Ltd saw its share rise strongly Wednesday after it signed a new drilling contract with Guangdong Bureau of Coal Geology, it first contract with the company and taking it into a new region of China. The oil and gas well drilling company operating in Ch
Read moreLONDON (Alliance News) - London's equity markets are up for a third consecutive day Friday as stocks around the world continue to take back some of the losses seen in the preceding five days, but this afternoon's US non-farm payrolls data will decide whether the gains are maintained.
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LONDON (Alliance News) - Greka Drilling Ltd Friday said it has noted the fall in its share price over the past month but is not aware of any reason for such movement. The specialised, unconventional oil-and-gas driller focused on China saw a 25% fall in its share price between the open of t
Read moreLONDON (Alliance News) - Greka Drilling Ltd Thursday said it drilled 12 wells totalling 15,152 metres in the fourth quarter ended December 31 2013, and said it has a strong backlog for the current financial year. The specialised, unconventional oil-and-gas driller focused on China said it d
Read moreLONDON (Alliance News) - Green Dragon Gas Ltd Tuesday said it has agreed revised gas processing and electricity prices with Greka Engineering & Technology Ltd. The coal-bed methane producer in China said prices of both compressed natural gas and piped natural gas processing are USD1.625 per
Read moreLONDON (Alliance News) - Green Dragon Gas Ltd Wednesday said it has made an initial order for Greka Drilling Limited to drill 10 LiFaBriC wells in a deal worth USD15 million. LiFaBriC is an adaptation of the horizontal drilling methods traditionally used for drilling in coal seam reservoirs
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The FTSE small cap index closes 0.1 percent higher, while junior-listed AIM shares end 0.1 percent lower, against the mid-caps and the blue chips, up 1 percent and 1.3 percent respectively. Bumi gains 9.8 percent after one of its founders, Nat Rothschild, backed the proposed separation of
Read moreChinese 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 more* Green Dragon plans to turn engineering unit into new AIM firm * Greka Engineering to be worth not less than $43 mln By Sarah Young LONDON, April 30 (Reuters) - Green Dragon Gas, a China-based gas firm, is spinning off its engineering business into a new company that it believe
Read moreGreka 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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