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Business News Archive - December 05, 2008

PARIS, December 5 /PRNewswire-FirstCall/ -- - Success of the Appraisal Well Ocelote-7 : Output of 837 bopd - Ocelote Field Extension to the North Confirmed Colombia The appraisal well Ocelote-7, drilled in the Guarrojo exploration permit located in the Eastern Llanos, approximately 250 km south-west of Bogota has reached the Carbonera C7 formation. This well, drilled with a horizontal drain of 637 feet (194 meters), met the producing formation (Carbonera C7 sands) at the highest structural position in the Ocelote field and confirmed its northern extension, which has significant impact in reserves classification. Ocelote-7 was tested at 837 bopd with a flowing bottom hole pressure of 1,185 psi.

PARIS, December 5 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN: 0000120164 - NYSE: CGV) announced today the clearance by the Norwegian Competition Authority relating to its voluntary exchange tender offer for Wavefield Inseis (OSE: WAVE). On November 10, 2008, CGGVeritas announced its voluntary exchange tender offer for 100% of the shares of Wavefield Inseis.

LONDON, Dec. 5 /PRNewswire/ -- Argus Media is pleased to welcome the launch of two new Argus swaps on ICE's over-the-counter marketplace.

HOUSTON, Dec. 5 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for November 2008 was 1,096, unchanged from the 1,096 counted in October 2008, and up 104 from the 992 counted in November 2007.

Clean Energy Company Completes Lighting Replacement Project at the Times Square Arts Center Building EAST HANOVER, N.J., Dec. 5 /PRNewswire-FirstCall/ -- Comverge, Inc.

Word of the Day
megalophonous
  • Having a loud voice; vociferous; clamorous.
  • Of grand or imposing sound.
The word 'megalophonous' comes from Greek roots meaning 'big' and 'sound'.