Rheochem Company News

Recent Articles

Results 12 articles shown

Rheochem Swaps Stake for Seismic Survey
Tuesday, April 05, 2011 Rheochem has entered into a HoA with PGS for its designated affiliate to transfer a 40% stake in six North Sea blocks in return for the access to 3D seismic data and associated seismic interpretation and engineering expertise over these blocks.

Rheochem to Complete Acquisition of North Sea Assets
Thursday, April 08, 2010 Rheochem has received written confirmation from the UK DECC that the Secretary of State for Trade and Industry does not intend to exercise its right to revoke any licenses granted to Zeus.

ONGC Taps Rheochem for Drilling Fluid Services
Thursday, March 25, 2010 Rheochem has been awarded a contract for drilling fluid services from Oil and Natural Gas Company for its Tripura onshore asset in Agartala, India.

Rheochem Completes Acquisition of Zeus, North Sea Assets
Monday, March 08, 2010 Rheochem has acquired the remaining 50% shareholding of Zeus Petroleum Limited in a cashless transaction.

Zeus Petroleum Buys More Time at North Sea Block 14/11
Wednesday, January 06, 2010 Rheochem's subsidiary, Zeus Petroleum, has been granted a twelve-month extension to the initial term of its North Sea license P1289 over Block 14/11.

Rheochem Inks Supply Contract for Chevron's Deepwater Australia Program
Monday, October 12, 2009 Rheochem has signed a supply contract with Chevron Australia to provide specialty products and services for their deepwater drilling program in Western Australia.

Rheochem Renews Offshore Service Contract with Santos
Thursday, January 08, 2009 Rheochem has renewed its site services contract to supply drilling fluids and related engineering services to Santos for its Australian offshore operations for a period of twelve months.

Rheochem to Provide Drilling Services Onshore Western Australia
Wednesday, December 03, 2008 Rheochem has signed a Master Services Agreement with ARC Energy Limited for the provision of drilling fluids and associated services and to support drilling and production operations in onshore Western Australia.

Zeus Wins Operatorship to Explore, Develop New North Sea Block
Wednesday, November 19, 2008 Zeus petroleum was awarded the rights to explore and develop block 14/26b in the 25th Seaward Licensing Round by DECC. Zeus will be operator of the block with a 90% interest.

Rheochem to Purchase Remaining 50% Interest in Zeus Petroleum
Tuesday, October 14, 2008 Rheochem has signed a 90 day option agreement with Pacific International Management to purchase its 50% shareholding in Zeus Petroleum Limited.

Rheochem to Provide Drilling Fluids for Warro Gas Field
Friday, September 19, 2008 Rheochem signed a Master Agreement with Latent Petroleum for the supply of drilling fluids and associated services for a period of twelve months to support drilling operations for the Warro gas field in Western Australia.

Rheochem Increases Banking Facility for Athena Development
Monday, September 15, 2008 Rheochem announces that the existing credit facility provided by ANZ Bank of A$8,111,000 has been increased to A$20,192,000. This facility is currently drawn to A$4,202,000.