Wednesday, July 18, 2007

Venture Production Shares Fall After First-Half Oil, Gas Production Drops

(Bloomberg) -- Shares of Venture Production Plc fell
after the U.K. oil and natural-gas company said first-half output
fell more than 3 percent from a year earlier.

Production averaged 42,160 barrels of oil equivalent a day in
the first half. Poor weather disrupted tanker loadings and exports
from some North Sea fields, compounded by damage to a loading base,
the Aberdeen, Scotland-based company said in a statement
distributed by Regulatory News Service today.


Read more at Bloomberg Energy News

No comments: