Greka Drilling has entered into a three year drilling contract with Oil and Natural Gas Operation for its Bokaro CBM asset in India, it announced on Thursday.
Asia-focussed unconventional oil and gas driller Greka Drilling announced on Tuesday that it has been awarded two new drilling contracts in China.
Asia-focussed specialised unconventional oil and gas driller Greka Drilling announced on Friday that, further to its announcement on 6 April, it was awarded a Letter of Award (LOA) for a three-year drilling contract by Oil & Natural Gas Corporation (ONGC) for that company's Bokaro CBM asset in India.
Asia-focussed independent and specialised unconventional oil and gas driller Greka Drilling announced its annual results for the year to 31 December on Friday, confirming three principal contracted counterparties during the year - Green Dragon Gas and PetroChina Huabei in China, and Essar Oil in India.
Shares in Greka Drilling have risen by more than half after it won a three-year integrated drilling contract with Oil and Natural Gas Corporation Ltd (ONGC) for that company's Bokaro CBM asset in India.
Oil and gas miner Greka Drilling has won a second contract with PetroChina Huabei Oilfield to drill five wells, for an undisclosed fee.
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.
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 Drilling's activities were on the up in 2015, with the company publishing its operations update for the calendar year on Friday.
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.
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%.
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 Drilling said it has secured mobilisation orders from Essar Oil on its 65m dollar contract for 100 wells to be drilled in West Bengal.
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.