Mediterranean increases revenue

Mediterranean Oil and Gas yesterday said that total revenues from its onshore and offshore gas production in the second quarter had risen to €4.3m (£3.5m), up from €4.2m over the previous quarter, thanks to strong performance from Guendalina, a gas field offshore Italy in which the company has a 20 per cent working interest. The gas field increased its production in line with expectations to 11.4m cubic metres in the quarter.