Falling oil price tilts political, economic balance in U.S. favour
Posted On Sep 17 ,2014 - 09:36-PM | by admin

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Aqualis Offshore signs contract with Saudi Aramco
Posted On Sep 17 ,2014 - 09:46-PM | by admin

Aqualis Offshore, part of Aqualis ASA, has signed a rig moving services contract with Saudi Aramco, the world's largest energy company. The contract value is undisclosed. Under the deal, offshore m...

Technip awarded contract for new refinery units in the Kingdom of Bahrain
Posted On Sep 17 ,2014 - 09:22-PM | by admin

Technip was awarded by The Bahrain Petroleum Company (BAPCO) a significant (1) contract on a reimbursable basis to develop the Front-End Engineering Design (FEED) of the refinery located in the Kingdo...

Leni Gas & Oil plc announce update on Initial Flow Rate GY-665, Goudron Field
Posted On Sep 17 ,2014 - 09:21-PM | by admin

LGO is pleased to announce that well GY-665 at the Goudron Field in Trinidad has undergone a series of initial production tests from the Gros Morne Sandstones resulting in a calculated open-hole flow ...

RWE Dea awarded two new concessions in Egypt
Posted On Sep 17 ,2014 - 09:46-AM | by admin

In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC). The concessions are located in the Gu...

Statoil to lay up the COSL Pioneer rig in the fourth quarter of 2014
Posted On Sep 17 ,2014 - 09:09-AM | by admin

The rig is currently carrying out an assignment on the Visund field and is scheduled to complete this work at the end of September. “After a careful review of our drilling plan, we find it necess...

Eni reports new oil discovery offshore Angola
Posted On Sep 17 ,2014 - 09:12-AM | by admin

Eni made a new oil discovery in Block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola. Oghigufu is the 10th commercial oil discovery made in Block 15/06. The new discovery ...

Tangiers give update on Ongoing Suspension of Securities
Posted On Sep 17 ,2014 - 09:56-AM | by admin

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company") advises that the Company's securities continue to be suspended on both ASX and AIM pending the release of an announcement...

Oilex announce Cambay-77H - Intervention Complete
Posted On Sep 17 ,2014 - 09:47-AM | by admin

Significant improvement in flowback rates for gas, oil and water · Approximately 75% of the original frac water recovered · No formation water recovered to date · Changing frac tree ...

Falkland Oil and Gas Limited issue Interim Results for the six months ended 30 June 2014
Posted On Sep 16 ,2014 - 09:29-AM | by admin

FOGL, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, announces its Interim Results for the six months ended 30 June 20...

Neste Jacobs to Implement Borealis' Multi-million Steam Cracker Upgrade Investment in Sweden
Posted On Sep 16 ,2014 - 09:54-AM | by admin

Technology, engineering and project management company Neste Jacobs and Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, have signed a...

Tethys Petroleum Provides Operations and Corporate Update
Posted On Sep 16 ,2014 - 09:36-AM | by admin

Tethys Petroleum Limited ("Tethys" or "the Company" (TSX:TPL) (LSE:TPL)) today provided an Operational and Corporate update. This Press Release is aimed at bringing stakeholders up to speed with cu...

Ophir Energy plc makes new gas discovery
Posted On Sep 16 ,2014 - 09:04-AM | by admin

Ophir Energy plc (“Ophir” or “the Company”) announces that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. The Silenus East-1 well was drilled by ...

Technip further optimizes its Subsea Assets
Posted On Sep 15 ,2014 - 09:44-PM | by admin

Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology and ultra-deep water products and service...

Rose Petroleum announce Oil & Gas operations update and Technical Team appointments
Posted On Sep 15 ,2014 - 09:47-PM | by admin

Rose Petroleum (AIM: Rose), the AIM-listed natural resources company, is pleased to announce theprogress it is making with its initial phase of development in both the Paradox and Mancos project areas...

Africa Oilfield Logistics announce Land Lease in Northern Kenya to Establish Logistics Hub
Posted On Sep 15 ,2014 - 09:40-PM | by admin

Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, is pleased to announce that Ardan Risk & Support Services ('Ardan'), the Company's primary invest...

Eland Oil & Gas announce Directorate Changes
Posted On Sep 15 ,2014 - 09:44-PM | by admin

Eland Oil & Gas PLC (AIM: ELA), an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, today announces the resignation of Andrew Bartlett from his ...

Union Jack Oil plc announce Board Changes
Posted On Sep 15 ,2014 - 09:01-AM | by admin

Union Jack, a hydrocarbon exploration company with a focus on drilling, development and investment opportunities in the United Kingdom onshore oil and gas sector, announces the following board changes...

Aker Wayfarer Wins Five-Year Contract from Petrobras
Posted On Sep 15 ,2014 - 09:51-AM | by admin

Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker ...

Approval of Prospectus for the Listing of the Shares of Aker Solutions Holding ASA (to be renamed Aker Solutions ASA)
Posted On Sep 15 ,2014 - 09:53-AM | by admin

The Norwegian Financial Supervisory Authority has informed Aker Solutions Holding ASA that it has approved the prospectus dated September 15, 2014, for the listing of the company's shares on the Oslo ...

Statoil says its Realising value to further strengthen NCS portfolio
Posted On Sep 12 ,2014 - 09:05-AM | by admin

Statoil ASA (OSE: STL, NYSE: STO) farms down in Aasta Hansteen, Asterix and Polarled and exits two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment. Through ...

Neste Oil selected for two Dow Jones sustainability indices
Posted On Sep 12 ,2014 - 09:05-AM | by admin

Neste Oil has been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World), which lists around 300 companies worldwide, for the eighth year in succession. It has also been incl...

Statoil, GE and Ferus Natural Gas Fuels Expanding Flare Gas Solution in Bakken
Posted On Sep 11 ,2014 - 09:42-PM | by admin

A joint venture of GE (NYSE: GE) and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil, a leader in the oil and gas exploration and production industry, today announced the planned expansion of ...

Freeport LNG Selects GE for Major North American LNG Export Project
Posted On Sep 11 ,2014 - 09:39-PM | by admin

GE Oil & Gas (NYSE: GE) announced that it is providing both technology and capital to help expedite construction of the Freeport LNG gas liquefaction and liquefied natural gas (LNG) export project in ...

Solo announces Additional Update, Ruvuma Basin Resources
Posted On Sep 11 ,2014 - 09:26-PM | by admin

Solo today announces that it has been informed by the operator that the interpretation of the newly acquired seismic data has extended the potential of the Ntorya appraisal area, and has further upgra...

Eni says, no illegal conduct on Opl 245 acquisition
Posted On Sep 11 ,2014 - 09:44-AM | by admin

In relation to the preliminary investigation launched by the Milan Prosecutor's office on the acquisition of the block OPL 245 in 2011, Eni continues to deny any illegal conduct. Eni highlights th...

Wood Group PSN signs new Australian contract
Posted On Sep 11 ,2014 - 09:07-AM | by admin

Wood Group PSN (WGPSN) has secured a contract with Woodside in Western Australia which boosts Wood Group’s maintenance and brownfield project portfolio in Australia. The scope of work includes th...

CME Group Appoints Managing Director And CEO for CME Europe Limited
Posted On Sep 11 ,2014 - 09:18-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has appointed Cees Vermaas as Managing Director and CEO of CME Europe Limited, its London-based derivat...

Technip awarded subsea contract for the Kodiak project in the Gulf of Mexico
Posted On Sep 11 ,2014 - 09:35-AM | by admin

Technip was awarded by Deep Gulf Energy II LLC a lump sum contract for the development of the Kodiak field, located in Mississippi Canyon Blocks 727 and 771, in the Gulf of Mexico, at water depths ran...

Dana Gas Secures US$ 100 Million Project Financing for UAE Offshore Gas Field (Zora Project)
Posted On Sep 11 ,2014 - 09:56-AM | by admin

Dana Gas, the Middle East’s leading regional private sector natural gas Company, is pleased to announce that it has secured, through its wholly owned subsidiary Dana Gas Explorations FZE, a US$ 100 ...

Baron Oil Plc issues Unaudited Interim Financials for the period 1 January 2014 to 30 June 2014
Posted On Sep 10 ,2014 - 09:33-PM | by admin

Baron Oil Plc, the AIM-listed oil and gas exploration and production company primarily focused on opportunities in Latin America, announces its unaudited interim financial information and results for ...

SacOil announce Acquisition of a 100% interest in the Lagia oil field
Posted On Sep 10 ,2014 - 09:52-AM | by admin

SacOil, the African independent upstream oil and gas company, is pleased to announce that it has entered into a sale and purchase agreement dated 9 September 2014 (the "Agreement") to acquire a Cyprus...

Block 9, Iraq: Exploration Well Update by Dragon Oil plc
Posted On Sep 10 ,2014 - 09:58-AM | by admin

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, advises that Kuwait Energy, Dragon Oil's partner in Block 9, Iraq (Dragon Oil 30% interest),...

Neste Oil to invest in producing biopropane in Rotterdam
Posted On Sep 10 ,2014 - 09:06-AM | by admin

Neste Oil is to build a biopropane unit at its refinery in Rotterdam. In addition to the unit itself, the investment will include storage tanks and pipework. The project will start immediately and...

Fram H-North and Svalin C production begins
Posted On Sep 10 ,2014 - 09:53-AM | by admin

Statoil’s fast-track development projects are increasing the company’s and partners’ oil and gas production through a combination of standardised subsea development solutions and utilisation of ...

Genel Energy announce Return to normal staffing levels in Kurdistan Region of Iraq
Posted On Sep 09 ,2014 - 09:29-AM | by admin

Genel Energy (‘Genel’ or ‘the Company’) announces that, following a significant improvement in the security situation in the border region of the Kurdistan Region of Iraq (‘KRI’), the Comp...

Royal Dutch Shell plc second quarter 2014 Euro and GBP equivalent dividend payments
Posted On Sep 09 ,2014 - 09:59-AM | by admin

The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2014 interim dividend, which was announced on ...

Technip awarded a substantial EPIC contract for the Juniper field offshore Trinidad
Posted On Sep 09 ,2014 - 09:25-AM | by admin

Technip has been awarded a substantial (1) EPIC (2) lump sum contract by BP Trinidad and Tobago LLC for the development of the Juniper project, to be located off the South East coast of Trinidad. T...

Petrobras announce Clarification on News Stories
Posted On Sep 09 ,2014 - 09:04-AM | by admin

Petrobras announces that since Friday, 09/05, media outlets have been publishing materials containing Petrobras’s name based on non-official information obtained from Mr. Paulo Roberto Costa’s al...

Alaska LNG Project Marks Milestone with Submission of FERC Pre-Filing Request
Posted On Sep 08 ,2014 - 09:27-PM | by admin

The Alaska LNG Project has marked a major milestone with the recent submission of a formal request to the Federal Energy Regulatory Commission (FERC) to start the pre-file process for the major natura...

Neste Oil's Shareholders' Nomination Board appointed
Posted On Sep 08 ,2014 - 09:53-PM | by admin

The following members have been appointed to Neste Oil's Shareholders' Nomination Board: Eero Heliövaara, Director General of the Prime Minister's Office's Ownership Steering Department (Chai...

Paradigm Delivers Advanced Engineering for Everyone with the Release of Sysdrill 10
Posted On Sep 08 ,2014 - 09:36-PM | by admin

Paradigm® (www.pdgm.com) today announced the release of Sysdrill® 10, the latest version of its integrated suite of well planning and drilling engineering applications. This major upgrade is integra...

Getech Group awarded new contract in Angola
Posted On Sep 08 ,2014 - 09:56-PM | by admin

Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, announces its largest ever single new contract, w...

San Leon Energy provides Morocco Update
Posted On Sep 08 ,2014 - 09:31-PM | by admin

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa is pleased to provide an update on its Morocco acreage. San Leon has acquired the following workin...

Kea Petroleum gives Operational Update
Posted On Sep 08 ,2014 - 09:25-PM | by admin

Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, announced an update on exploration of the Company's licences in Taranaki. Directors are pleased to advise that explora...

Shell announces second major 2014 start up in deep-water Gulf of Mexico with Cardamom development first oil
Posted On Sep 08 ,2014 - 09:22-PM | by admin

Production is now underway from the Cardamom development, the second major deep-water facility Shell has brought online in the U.S. Gulf of Mexico this year, following the start-up of Mars B in Februa...

Gulfsands Petroleum provide Tunisia Update
Posted On Sep 05 ,2014 - 09:13-PM | by admin

Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and...

Aker Solutions and Baker Hughes Receive Regulatory Approvals for Subsea Production Alliance
Posted On Sep 05 ,2014 - 09:51-AM | by admin

Aker Solutions and Baker Hughes have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. Earlier this year, Aker Solutions and Baker Hughes agree...

Tullow agrees gas assets sale in Netherlands Blocks L&Q
Posted On Sep 05 ,2014 - 09:46-AM | by admin

Tullow Oil plc (“Tullow” or “the Group”) announces that its subsidiary Tullow Exploration & Production B.V., has entered into an agreement to sell its operated and non-operated L12/L15 block i...

BP Issues Statement on Gulf of Mexico
Posted On Sep 05 ,2014 - 09:16-AM | by admin

BP strongly disagrees with the decision issued by the United States District Court for the Eastern District of Louisiana and will immediately appeal to the United States Court of Appeals for the Fifth...

Oryx Petroleum Resumes Operations in the Kurdistan Region of Iraq
Posted On Sep 04 ,2014 - 09:07-AM | by admin

Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Group”) today announces an update for its operations in the Hawler license area of the Kurdistan Region of Iraq (“Kurdistan Regio...

Statoil announces Exploration update
Posted On Sep 04 ,2014 - 09:38-AM | by admin

Statoil has completed the Martin well in US Gulf of Mexico and the Dilolo well in the Kwanza basin in Angola. US Gulf of Mexico Statoil announces a small discovery in its Martin...

Technip awarded contract by Air Products for a new industrial gas complex in Kochi, India
Posted On Sep 04 ,2014 - 09:09-AM | by admin

Technip was awarded by Air Products a contract to provide project management, as well as engineering, procurement and construction management (EPCM) services for a new industrial gas complex for Bhara...

Petrobras submits Declaration of Commerciality of Transfer of Rights areas to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP)
Posted On Sep 04 ,2014 - 09:12-AM | by admin

Petrobras announces that today it submitted the declaration of commerciality for the oil and gas accumulations of Sul de Guará, Nordeste de Tupi e Florim to Brazil’s National Petroleum, Natural Gas...

ExxonMobil Announces Slagen Refinery Project to Upgrade Fuel Oil
Posted On Sep 04 ,2014 - 09:26-AM | by admin

ExxonMobil affiliate Esso Norge AS announced today plans to install a new processing unit at the Slagen refinery to enable production of high quality vacuum gas oil, a higher-yield feedstock used to c...

George Soros Signals Argentina’s Shale is Biggest Place to Be
Posted On Sep 04 ,2014 - 09:47-AM | by admin

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize ...

Noble Energy Announces Letter of Intent to Sell Leviathan Natural Gas to the National Electric Power Company of Jordan
Posted On Sep 03 ,2014 - 09:59-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced the execution of a non-binding Letter of Intent (LOI) to supply natural gas from the Leviathan field, offshore Israel, to the National Electric Power Com...

Gazprom and Chinese leaders address construction of Power of Siberia project
Posted On Sep 03 ,2014 - 09:09-AM | by admin

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Zhang Gaoli, First Vice Premier of China's State Council. The parties addre...

Shell announces Utica gas discovery in Pennsylvania
Posted On Sep 03 ,2014 - 09:44-AM | by admin

Shell today announced new discovery wells (Neal and Gee) within the Utica formation in Tioga County, Pennsylvania, USA. These wells were drilled to a total measured depth of approximately 4,420 and 4,...

30 places available globally for the Downstream leaders of tomorrow
Posted On Sep 02 ,2014 - 09:47-PM | by admin

BP Starts Recruitment Campaign to Attract Future Leaders BP started its 2015 Future Leaders Programme (FLP), a recruitment campaign which aims to fast-track early career recruits to be the business...

DNV GL and Statoil to drive subsea factory interface standardisation
Posted On Sep 02 ,2014 - 09:33-AM | by admin

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology. DNV GL will lead a joint indu...

Aker Solutions Updates Key Financial Information for the New Aker Solutions and Akastor
Posted On Sep 02 ,2014 - 09:07-AM | by admin

Aker Solutions is providing updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split of the business at the end of S...

Union Jack Oil announce Preliminary Results of the Wressle-1 Exploration Well
Posted On Sep 02 ,2014 - 09:20-AM | by admin

Union Jack Oil plc (“Union Jack” or “the Company”), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocar...

Lundin Petroleum spuds exploration well 33/12-10 S in PL631 on the Vollgrav South prospect in the northern North Sea
Posted On Sep 01 ,2014 - 09:18-AM | by admin

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 33/12-10 S in PL631 has commenced...

Eni announces successful results of unconventional oil exploration in West Texas
Posted On Sep 01 ,2014 - 09:20-AM | by admin

Eni announces the successful initial results of its first horizontal well (Stallings 1H) under the agreement with Quicksilver Resources, aiming at jointly evaluating, exploring and developing unconve...

African Petroleum issues Operational Update
Posted On Sep 01 ,2014 - 09:04-AM | by admin

African Petroleum Corporation is pleased to provide an operational update on its West African exploration portfolio. Farm-out Update As previously announced African Petroleum Corpor...

Samsung Heavy Industries announces merger with Samsung Engineering
Posted On Sep 01 ,2014 - 09:01-AM | by admin

Samsung Heavy Industries has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea. The merger between Samsung Heavy Industr...

Ordinary operations resuming at In Amenas
Posted On Sep 01 ,2014 - 09:53-AM | by admin

Nearly 18 months after the In Amenas attack, Statoil and the joint venture partners are ready to resume ordinary operations at the plant. The corporate executive committee has decided that ordinary...

Oil samples recovered in FAN-1 exploration well offshore Senegal
Posted On Aug 29 ,2014 - 08:31-PM | by admin

Oil samples have been recovered in the FAN-1 exploration well being drilled offshore Senegal by FAR Ltd (ASX:FAR) and its joint venture partners Cairn Energy PLC (Operator), ConocoPhillips and Petrose...

Chariot Oil & Gas announce Update on Namibian Portfolio
Posted On Aug 29 ,2014 - 08:30-PM | by admin

Highlights: o New licence granted for Blocks 2312 and 2412A (the Central Blocks) o New licence granted for Southern Block 2714A o Licences renewed to secure further optiona...

African Petroleum issues Interim Financial Report – Second Quarter 2014
Posted On Aug 29 ,2014 - 08:05-AM | by admin

Highlights • In February 2014, the Company announced the appointment of new CEO, Dr Stuart Lake • Revised Company strategy and repositioned focus, establishing a near, future and long term pla...

Neste Oil expects to complete repairs on the damaged hydrogen unit at Porvoo by the end of October;
Posted On Aug 29 ,2014 - 08:15-AM | by admin

Neste Oil expects that repair work on the damaged hydrogen production unit at its Porvoo refinery will take until the end of October to be completed. The damage to the unit, one of two at the site, ha...

Shell Keen to Put Troubled Nigerian Assets Behind It
Posted On Aug 29 ,2014 - 08:16-AM | by admin

Royal Dutch Shell is on the verge of unloading a major portion of its assets in Nigeria. The oil major is zeroing in on a deal to sell four oil fields and a key pipeline, a sale that could net over $...

New Technology Could End The Debate Over Pipeline Safety
Posted On Aug 29 ,2014 - 08:14-AM | by admin

Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable. Yet that...

RWE Dea helps English Juniors Football Club with new Clubhouse
Posted On Aug 28 ,2014 - 08:03-PM | by admin

Yesterday, a new club house for the Cleveland Juniors Football Club in Middlesbrough in northern England was officially opened. With support from RWE Dea, the Football Foundation and other sponsors, L...

Noble Energy Announces Successful Drilling Results In The Gulf Of Mexico
Posted On Aug 28 ,2014 - 08:14-PM | by admin

Additional pay discovered at Katmai and resources increased at Dantzler Noble Energy, Inc. (NYSE: NBL) today announced final well results at the Katmai exploration well and the Dantzler appraisal w...

Tullow Oil gives exploration and appraisal update in Kenya
Posted On Aug 28 ,2014 - 08:57-AM | by admin

Tullow Oil plc (“Tullow”) announces the successful results from a series of exploration, appraisal and testing activities conducted in Blocks 10BB and 13T onshore Kenya. Etom-1 explorat...

Uncertainty clouds outlook for LNG’s future role in Europe
Posted On Aug 28 ,2014 - 08:59-AM | by admin

Demand for natural gas in Europe has fallen dramatically, which has led to a severe drop in imports of LNG. Today, there is considerable uncertainty over the future role of LNG in Europe’s gas suppl...

GE Invests $5Million in Norway Technology Solutions Center to Fuel the Future of the Oil and Gas Industry
Posted On Aug 27 ,2014 - 08:47-PM | by admin

GE Oil & Gas (NYSE: GE) formally unveiled its new Technology Solutions Center (TSC) in Stavanger, Norway. The result of a $5m investment, the center offers a stunning visual showcase of GE’s technol...

PetroFrontier Corp. Provides Operational Update
Posted On Aug 27 ,2014 - 08:36-PM | by admin

PetroFrontier Corp. (“PetroFrontier”) announces that Statoil Australia Theta B.V. (“Statoil”), PetroFrontier’s joint venture partner and the operator of the 2014 work program and budget has ...

Political Acceptance of Shale Gas as a Fuel Will Affect the Sensors Market for the Industry
Posted On Aug 27 ,2014 - 08:23-PM | by admin

The shale gas industry holds great promise for sensors, but it is heavily dependent on government acceptance due to the numerous environmental concerns (earthquakes, pollution) associated with frackin...

Eni announces successful results of unconventional oil exploration in West Texas
Posted On Aug 27 ,2014 - 08:04-PM | by admin

Eni announces the successful initial results of its first horizontal well (Stallings 1H) under the agreement with Quicksilver Resources, aiming at jointly evaluating, exploring and developing unconve...

Schlumberger Introduces Petrel Shale for Unconventional Resources
Posted On Aug 27 ,2014 - 08:11-PM | by admin

Schlumberger announced today the release of Petrel Shale, a customized user interface and toolset engineered for exploiting shale resources. Scalable and straightforward to deploy, Petrel Shale is des...

Caza Oil & Gas, Inc. announce results at Gramma Ridge
Posted On Aug 27 ,2014 - 08:36-PM | by admin

Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) is pleased to announce another good result at Gramma Ridge and provide a drilling update at Lennox. Both properties are operated ...

Jacka Reports Initial Oil Reserves for AJE Field Development, Offshore Nigeria
Posted On Aug 27 ,2014 - 08:11-AM | by admin

Key Highlights:  Independent report confirms 23.4 million barrels of gross 2P oil reserves for the Phase 1 Cenomanian oil development of the Aje Field  Jacka to book net 2P reserves of 1.3 m...

Mzia well test supports potential hub development offshore Tanzania
Posted On Aug 27 ,2014 - 08:04-AM | by admin

BG Group plc (LSE: BG.L), a world leader in exploration and LNG, today announced that results from a recently completed second drill-stem test (DST) on the Mzia discovery in Block 1, offshore southern...

Oando Energy Resources reduces debt by US98-million
Posted On Aug 26 ,2014 - 08:52-PM | by admin

Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company“) (TSX:OER), a company focused on oil and gas exploration and production in Nigeria, is pleased to announce the conversion...

Sinopec Announces 2014 Interim Results
Posted On Aug 26 ,2014 - 08:39-PM | by admin

Operating Profit Records Double Digit Growth in the First Half of 2014 Marketing Business Restructuring and Shale Gas Development on Track Beijing, People‘s Republic of China (PRC) – 22 August, 20...

Sinopec Sales to Cooperate with Tencent to Diversify Service and Marketing Channels
Posted On Aug 26 ,2014 - 08:47-PM | by admin

Sinopec Sales Co., Ltd. (the “Sales Company”), a wholly-owned subsidiary of Sinopec, signed a business cooperation framework agreement with Tencent, Inc. (“Tencent”), to establish a strategic ...

BP Announces First Gas from DEKA Project, Offshore Egypt
Posted On Aug 26 ,2014 - 08:46-PM | by admin

BP Egypt today announced first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day (mmscf/d). The DEK...

Eland announce Acquisition of 40% interest in the Ubima Field, onshore Niger Delta
Posted On Aug 26 ,2014 - 08:50-PM | by admin

Eland Oil & Gas PLC (AIM: ELA), the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce that Wester Ord Oil & Gas Limited ("Wester Ord"), a ...

Rosneft and North Atlantic Drilling Signed an Exchange of Assets Agreement
Posted On Aug 26 ,2014 - 08:09-PM | by admin

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document fore...

Circle Oil issue Operating Update Tunisia
Posted On Aug 26 ,2014 - 08:25-PM | by admin

Mahdia Permit - Exploration Well EMD-1 Discovery Circle Oil Plc (AIM: COP), the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to announce t...

RWE Dea starts gas production from the Central Treatment Plant in the Egyptian Nile Delta
Posted On Aug 26 ,2014 - 08:22-PM | by admin

RWE Dea achieved first production from the Central Treatment Plant (CTP) of the Disouq Development Project in Egypt. Production commenced at an initial rate of 45 million standard cubic feet gas per d...

Shell announces Marjoram-1 gas discovery in deep-water Malaysia
Posted On Aug 26 ,2014 - 08:57-AM | by admin

Shell today announces further exploration success in Malaysia with another gas discovery at the Shell-operated deep-water Marjoram-1 well. “Our strategy to expand our heartland areas through techn...

Johan Sverdrup Field Center in Phase One
Posted On Aug 26 ,2014 - 08:56-AM | by admin

Aker Solutions has assembled one of its biggest engineering teams ever to deliver the initial plans for the engineering and design phase of the giant North Sea Johan Sverdrup oil deposit. The compa...

Petrofac announce Board Changes
Posted On Aug 25 ,2014 - 08:20-PM | by admin

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman ...

Nigerian National Petroleum Corporation (NNPC) pledges harmonious partnership with NUPENGASSAN
Posted On Aug 22 ,2014 - 08:43-AM | by admin

The Group Managing Director of NNPC, Dr. Joseph Thlama Dawha, has pledged his readiness to work harmoniously with the two in-house Unions for the benefit of the nation’s oil and gas industry. Dr....

Petrobras proves potential of Sergipe-Alagoas Basin’s Moita Bonita area
Posted On Aug 22 ,2014 - 08:14-AM | by admin

Petrobras announces that the third well drilled in the Sergipe-Alagoas Basin’s Moita Bonita area, in Concession BM-SEAL-10, has proved the extension of the gas and light oil discovery made in that a...

TAQA reports profit of AED 513 million for H1 2014
Posted On Aug 21 ,2014 - 08:55-PM | by admin

TAQA, the Abu Dhabi National Energy Company, today announced a net profit of AED 513 million for the first half of 2014. TAQA achieved record oil and gas production, averaging 158,000 barrels of o...

CAMBAY-77H - Interim Flow-back Update
Posted On Aug 21 ,2014 - 08:19-AM | by admin

Oilex Ltd (ASX: OEX, AIM: OEX) is pleased to announce that Cambay-77H continues to produce light crude oil and gas as the well recovers frac water during clean-up. Cambay-77H crude oil recovered fr...

Falcon Oil & Gas announce Completion of Australian Beetaloo Basin Farm-Out
Posted On Aug 21 ,2014 - 08:33-AM | by admin

Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) (the "Company") is pleased to announce, that further to its press release of 2 May 2014, its 98% subsidiary, Falcon Oil & Gas Australia Ltd ("F...

Chariot annponce Farm-out Agreed in Brazil with AziLat, a subsidiary of Azimuth
Posted On Aug 21 ,2014 - 08:02-AM | by admin

Highlights: · AziLat to acquire a 25% working interest in Chariot's BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 blocks in the Barreirinhas Basin, Brazil · AziLat to pay an increase...

Eni starts production at DEKA Project in Egypt
Posted On Aug 21 ,2014 - 08:56-AM | by admin

The project’s peak production is expected by 1Q 2015 with a total gross gas rate of about 6.5 million cubic meters per day. Eni, through its affiliate Ieoc Production BV and in joint venture with...

Mines That Run On Solar Or Wind Power
Posted On Aug 21 ,2014 - 08:51-AM | by admin

Mining companies are often seen as dinosaurs when it comes to making changes that will benefit the environment, but that perception may be shifting as some companies turn to renewable energy to cut co...

Pacific Rubiales announces results of an independent resource evaluation for 36 of the Company's 60 exploration blocks
Posted On Aug 20 ,2014 - 08:11-AM | by admin

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced the results of an independent resource evaluation for 36 of the Company's 60 exploration blocks in Colombia, Peru, Brazil...

Apache announces major new WA oil find
Posted On Aug 20 ,2014 - 08:38-AM | by admin

Apache Corporation (NYSE, Nasdaq: APA) today announced an oil discovery at the Phoenix South-1 well - the company's first discovery in Australia's offshore Canning Basin. Wireline and formation press...

Woodside Achieves Record First Half Profit of US$1.105 billion
Posted On Aug 20 ,2014 - 08:04-AM | by admin

Woodside has achieved a record half-year reported net profit after tax (NPAT) of US$1.105 billion, underpinned by record production of 46.5 MMboe and record operating revenue of US$3.551 billion for t...

5 Countries Most Plagued by Oil Theft
Posted On Aug 20 ,2014 - 08:52-AM | by admin

Nigeria As much as 400,000 barrels of oil a day are stolen in Nigeria. This equates to losses of $1.7 billion a month for Africa’s new largest economy. This represents 7.7 percent ...

World’s Richest Oil Barons
Posted On Aug 20 ,2014 - 08:11-AM | by admin

1. Charles and David Koch ($68 billion jointly) The bogeymen of the Democratic Party inherited their fortunes, along with the family business, from their father, Fred. But they’ve ...

World’s Five Most Important Oil Fields
Posted On Aug 20 ,2014 - 08:02-AM | by admin

Much has been made about the role that hydraulic fracturing – or fracking -- has played in revolutionizing the energy landscape, unlocking vast new reserves of oil trapped in shale rock. This “tig...

Statoil-operated platform, Gudrun officially opened
Posted On Aug 20 ,2014 - 08:19-AM | by admin

Norwegian prime minister Erna Solberg officially opened the Gudrun platform in the North Sea today, 19 August. This is the first new Statoil-operated platform on the Norwegian continental shelf (NCS) ...

Neste Oil's renewable diesel helps reduce carbon footprint
Posted On Aug 20 ,2014 - 08:23-AM | by admin

Neste Oil's NEXBTL renewable diesel was used to generate electricity at two major events in Finland this summer: the Flow Festival in Helsinki and the Neste Oil Rally Helsinki Battle street circuit ra...

Brazil now highest buyer of Nigeria’s crude
Posted On Aug 19 ,2014 - 08:37-AM | by admin

Brazil has overtaken India as the largest buyer of Nigeria’s crude oil, spending $990.09 million, about N158.414 billion on the purchase of crude oil from Nigeria. Crude oil Data from the Nigerian ...

Petrobras enters into agreement with YPFB
Posted On Aug 19 ,2014 - 08:59-AM | by admin

Bolivian natural gas imports to the Brazilian market Petrobras announces that today it entered into an agreement with YPFB, in accordance with its negotiation agenda, aimed at resolving differences a...

Salamander Energy says North Kendang-2 Drilling Completed
Posted On Aug 18 ,2014 - 08:31-PM | by admin

Salamander Energy plc announces that drilling operations on the North Kendang-2 exploration well ("NK-2") in its operated South East Sangatta PSC have now been concluded. The well reached a total d...

Kea Petroleum Plug and Abandon Puka-3
Posted On Aug 18 ,2014 - 08:35-PM | by admin

Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand,announces that Puka-3 well is being plugged and abandoned after reaching a depth of 2,200mMDRT. The wireline logging en...

Eni's CEO, Claudio Descalzi meets with the President of Gabon, Ali Bongo Ondimba in Libreville
Posted On Aug 18 ,2014 - 08:14-AM | by admin

The topic of the meeting was the important gas and condensates discovery that Eni has recently made ​​in the Nyonie Deep exploration prospect, in the pre-salt Gabon’s offshore. In this occasi...

Noble Energy Announces Bright Exploration Results In The Deepwater Gulf Of Mexico
Posted On Aug 15 ,2014 - 08:27-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that the Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter hydrocarb...

Seven Energy boosts power generation in Nigeria
Posted On Aug 15 ,2014 - 08:58-AM | by admin

Seven Energy International Limited (“Seven Energy” or the “Group”), the indigenous Nigerian integrated oil and gas development, production and gas distribution company, is pleased to announce ...

Giant turret module for world's largest floating facility sets sail for South Korea
Posted On Aug 15 ,2014 - 08:49-AM | by admin

The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where the ...

Notice of Proposed Voluntary Dismissal of a Shareholder Derivative Action
Posted On Aug 15 ,2014 - 08:10-AM | by admin

This notice relates to a proposed voluntary dismissal of a shareholder derivative action and is being given pursuant to an order of The United States District Court for the Northern District of Califo...

Fourth Jupiter well proves extension of Santos Basin pre-salt discovery
Posted On Aug 14 ,2014 - 08:01-PM | by admin

Petrobras announces confirmation of the extension of the Jupiter discovery in Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally known as...

Shell divests U.S. onshore gas assets in Pinedale and Haynesville, adds acreage in Marcellus and Utica
Posted On Aug 14 ,2014 - 08:30-PM | by admin

Royal Dutch Shell plc (“Shell”) announces today two separate transactions whereby the company will exit its Pinedale and Haynesville onshore gas assets in exchange for approximately $2.1 billion o...

Cable and pipe seal maker Roxtec sees UK sales surge by 45pc
Posted On Aug 14 ,2014 - 08:20-AM | by admin

Greater Manchester-based Roxtec is reporting a 45 per cent growth from its UK operation with sales hitting £5m, representing a four-fold increase in sales over the past eight years. The UK subsidi...

Neste Oil selects SAP for its enterprise resource planning platform
Posted On Aug 13 ,2014 - 08:24-PM | by admin

Neste Oil has selected SAP to provide the platform that will be used for its enterprise resource planning (ERP) needs in the future. Accurate information and advanced management tools are essential fo...

Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax
Posted On Aug 12 ,2014 - 08:15-PM | by admin

Ukraine doesn't need Russia to take it down-Kiev is doing fine destroying itself, most recently with a new tax code that doubles taxes for private gas producers and promises to irreparably cripple new...

2014 Oil and Gas Reality Check report
Posted On Aug 12 ,2014 - 08:07-PM | by admin

The 2014 Oil and Gas Reality Check report, released on Monday, was produced by Deloitte Touche Tohmatsu Limited (DTTL), a UK-based private company and a Deloitte member firm. 2014 Oil and Gas Real...

Mosman disclose Crude Oil Analysis of Crestal-1 and Kotuku seep samples
Posted On Aug 12 ,2014 - 08:52-PM | by admin

Mosman Oil and Gas Limited (AIM: MSMN) the Australia and New Zealand focused oil exploration and development company has received its first crude oil analysis on Crestal-1, at its Petroleum Creek Proj...

Mexico's President Signs Energy Reform Legislation
Posted On Aug 12 ,2014 - 08:55-PM | by admin

MX Oil plc, the AIM listed oil and gas company focused on the re-opening Mexican energy sector, is pleased to note that President Enrique Pena Nieto has approved legislation required to reopen Mexico'...

OneSubsea, Helix and Schlumberger to Form Subsea Well Intervention Alliance
Posted On Aug 12 ,2014 - 08:04-PM | by admin

OneSubsea™, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, Helix Energy Solutions Group, Inc. (NYSE: HLX) and Schlumberger today announced that they have entered into a letter of intent...

Schlumberger issues Russia Update
Posted On Aug 12 ,2014 - 08:53-PM | by admin

Based on a high demand for additional information regarding its business in Russia, Schlumberger Limited (NYSE:SLB) provided the following third-quarter update today: In the past week, both the Unite...

IEA releases Oil Market Report for July
Posted On Aug 12 ,2014 - 08:22-AM | by admin

Lower economic growth outlook trims 2014 demand increase The IEA Oil Market Report (OMR) for August lowered its 2014 global oil demand growth forecast to 1.0 million barrels per day (mb/d) on lower...

Swala Oil and Gas (Tanzania) Plc Debut on the Dar es Salaam Stock Exchange
Posted On Aug 12 ,2014 - 08:51-AM | by admin

Swala Oil & Gas (Tanzania) Plc (“Swala” or “the Company”) today listed on the Dar es Salaam Stock Exchange (“DSE”) becoming the first public owned Oil and Gas Company in East Africa. The ...

Aker Solutions to Lease New Office Complex in Aberdeen
Posted On Aug 12 ,2014 - 08:50-AM | by admin

Aker Solutions agreed to lease a new office complex in Aberdeen for 20 years as part of an expansion in the UK. The facility is under development and will consist of three interconnected buildings ...

As cash flow flattens, major energy companies increase debt, sell assets
Posted On Aug 12 ,2014 - 08:44-AM | by admin

Cash from operations for major energy companies has flattened in line with flat crude oil prices, which have had the lowest price volatility in years. Based on data compiled from quarterly reports, fo...

Paradigm to Demonstrate Advanced Solutions for Unconventional Oil & Gas at URTeC 2014
Posted On Aug 11 ,2014 - 08:15-PM | by admin

Technical presentations to focus on assessing reservoir quality and optimizing well spacing and completion efficiency Paradigm® will showcase its solutions and services that deliver added value ...

Petrobras announces July oil and natural gas production update
Posted On Aug 11 ,2014 - 08:56-PM | by admin

Petrobras announces that its domestic oil production rose by 2% from 2,008 thousand bpd in June to an average 2,049 thousand barrels/day (bpd) in July. As for total oil production operated by Petrobra...

Innovative Dealflow Platform Revolutionises Investor and Capital Raiser Relationships
Posted On Aug 11 ,2014 - 08:49-PM | by admin

A game changing new dealflow platform launched this month, specially engineered to connect Investors and Capital Raisers within the Oil & Gas, Mining and Renewable Energy sectors. The Commodities I...

Noble Energy Announces New Exploration License Offshore Gabon
Posted On Aug 11 ,2014 - 08:33-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that it has signed a Production Sharing Contract (PSC) with the Government of Gabon covering Block F15 in the Gabon Coastal Basin. Under the terms of the...

Rosneft and ExxonMobil Start Drilling Universitetskaya-1well
Posted On Aug 11 ,2014 - 08:28-PM | by admin

Rosneft and ExxonMobil joint venture company Karmorneftegaz began drilling of Universitetskaya-1, the Russian Federation's northernmost well using the West Alpha rig. The start of the drilling was ...

Seadrill deepwater drillship secures contract for work offshore Nigeria
Posted On Aug 11 ,2014 - 08:16-PM | by admin

Seadrill Limited ("Seadrill"), in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploration and Production Nigeria Limited, an ...

KrisEnergy acquires Chevron Cambodia unit
Posted On Aug 11 ,2014 - 08:18-PM | by admin

Indirect participating interest in Cambodia Block A rises to 52.25%, renamed entity to hold operatorship KrisEnergy Ltd. (“KrisEnergy” or “the “Company”), an independent upstream oil and...

Door wide open for new players as banks scale down gas trading in Europe
Posted On Aug 11 ,2014 - 08:59-AM | by admin

Low volatility in European natural gas and power markets, coupled with tougher EU financial regulation has severely diminished trading’s appeal to many banks. In recent months, corporations includin...

OSM Offshore AS wins contract for management of “Aquarius Brasil”
Posted On Aug 11 ,2014 - 08:55-AM | by admin

OSM Offshore AS, a global independent provider of offshore management services and part of the OSM Maritime Group Ltd., agreed 23rd of May 2014 a contract with Equinox Offshore ARV3 BV for full manage...

Forte Oil posts 152% increase in profits before tax of N4.19BN in 1st half 2014 results
Posted On Aug 11 ,2014 - 08:26-AM | by admin

Forte Oil PLC (formerly AP PLC) Nigeria's foremost energy group, today announced its audited results for the six months period ended 30 June, 2014 with the following highlights: Highlights:...

Sub-Saharan Africa and its energy problems - OGP editorial
Posted On Aug 08 ,2014 - 08:57-PM | by admin

Two out of three people in Sub-Saharan Africa, that’s nearly 600 million people live today without access to electricity in the continent. President Obama announced recently that private companie...

Discovery of Oil and Gas at Pasakhi Deep well # 04
Posted On Aug 08 ,2014 - 08:53-PM | by admin

By the grace of Almighty Allah, Oil and Gas Development Company Limited (OGDCL) with 100% working interest in Pasakhi Deep D&PL lease discovered Gas & Condensate from its Development Well i.e. Pasakhi...

Kenya Block 11A 2D Seismic Survey Completed
Posted On Aug 08 ,2014 - 08:28-AM | by admin

ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced the successful completion of a major 2D seismic acquisition program of Block...

Integrated drilling service agreement between Schlumberger Norway and Statoil
Posted On Aug 08 ,2014 - 08:50-AM | by admin

Schlumberger Norway has been awarded a contract with Statoil to provide integrated drilling services for the Norwegian continental shelf licenses Gullfaks, Gullfaks Satellites, Snorre, Statfjord , Tor...

Oil of DRCongo completes analysis of first and second phase seismic campaign
Posted On Aug 08 ,2014 - 08:09-AM | by admin

Total investment in project of $75 million and Seismic results indicate c. 3 billion barrels of oil in place. Oil of DRCongo, the Fleurette Group's oil exploration subsidiary, announces an update o...

Afren issues operations update at Barda Rash, Kurdistan region of Iraq
Posted On Aug 08 ,2014 - 08:34-AM | by admin

Afren plc (“Afren” or the “Company”) has taken the precautionary step to temporarily suspend operations at the Barda Rash field in light of heightened regional security related issues. Work...

The Bigger Oil Story Behind the Headlines: Interview with Michael Levi
Posted On Aug 08 ,2014 - 08:06-AM | by admin

While we fixate on sexy headlines about Chinese military threats in the South China Sea, for instance, or Washington 'lifting the ban' on crude oil exports, we miss the bigger stories—and we miss th...

Fugro deepwater search missing MH370 Plane
Posted On Aug 08 ,2014 - 08:56-AM | by admin

The Australian Transport Safety Bureau (ATSB) has awarded Fugro an additional contract for the deployment of two specialist vessels, equipment and expertise in the deep-water search for the missing Ma...

DOF awarded new contract - Brazil
Posted On Aug 08 ,2014 - 08:15-AM | by admin

Awarded a 4 yrs contract with Petrobras for the vessel Skandi Yare. DOF's subsidiary Norskan Offshore Ltda. has been awarded a 4 yrs contract with Petrobras for the vessel Skandi Yare. The new contra...

EMAS awarded contracts worth close to US$110 million
Posted On Aug 08 ,2014 - 08:57-AM | by admin

EMAS, the operating brand of Ezra Holdings, has announced that its subsea arm, EMAS AMC, has been awarded several projects around the world worth close to US$110 million, including options. The sco...

Oil discovery at Rutland, Saskatchewan
Posted On Aug 07 ,2014 - 08:38-PM | by admin

Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce that it has completed drilling a new oil pool discovery well on its Rutland prospect, West Central Saskatchewan. The horizon...

Keppel delivers world’s largest jackup rig to Maersk Drilling early
Posted On Aug 07 ,2014 - 08:56-PM | by admin

It is the second of three such rigs that Keppel is building for Maersk Keppel FELS Limited (Keppel FELS) has delivered the jackup rig XLE-2 to Maersk Drilling, a wholly owned subsidiary of A.P. Mol...

Extraction spending in sub-Saharan Africa is projected to increase at 8% annually over the next decade – PwC
Posted On Aug 07 ,2014 - 08:01-PM | by admin

The bulk of spending is likely to take place in South Africa and Tanzania Global capital project and infrastructure spending is expected to grow to more than $9 trillion annually by 2025, up from $...

Statoil makes gas discovery in the Mercury prospect in PL614 in the Barents Sea
Posted On Aug 07 ,2014 - 08:37-PM | by admin

Statoil has together with its partner Idemitsu Petroleum Norge made a small gas discovery in the Mercury prospect in PL614 in the Barents Sea. This completes Statoil’s 2014 exploration programme in ...

Dana Gas reports 70% jump in 2Q 2014 net profits to $ 46m
Posted On Aug 06 ,2014 - 08:18-PM | by admin

Highlights * 2Q 2014 gross revenues of $ 187 m and gross profit of $ 85 m; 30% and 35% higher than 2Q 2013, respectively * 1H 2014 gross revenues of $ 367 m and gross profit of $ 172 m; 24% and 2...

EIA mapping tool shows which U.S. energy facilities are at risk from flooding
Posted On Aug 06 ,2014 - 08:20-PM | by admin

The public now has a new online tool to help inform them about energy facilities' exposure to flooding caused by hurricanes, overflowing rivers, flash floods, and other wet-weather events. Developed b...

David Rosenthal elected as Vice President and Controller and Jeffrey Woodbury as Vice President of Investor Relations and Secretary at ExxonMobil
Posted On Aug 06 ,2014 - 08:20-PM | by admin

Exxon Mobil Corporation’s (NYSE:XOM) board of directors has elected David S. Rosenthal as vice president and controller and Jeffrey J. Woodbury as vice president of investor relations and secretary,...

Roxi issues Update on discovery at BNG
Posted On Aug 06 ,2014 - 08:19-PM | by admin

Roxi Petroleum plc announced the first core sample over the 12 meter range between 4,332 and 4,344 meters has been successfully completed with a 9.85m core recovered. Initial examination shows the...

CAMAC Energy Discovers Multiple Oil and Gas Reservoirs Offshore Nigeria
Posted On Aug 06 ,2014 - 08:37-AM | by admin

CAMAC Energy Inc. (NYSE MKT: CAK) announced the preliminary results of a successful Oyo field development well offshore Nigeria in OML 120. The Oyo-8 well commenced drilling operations on June 15, 20...

First oil produced from SNEPCO-operated Bonga North West deep-water project in Nigeria
Posted On Aug 06 ,2014 - 08:20-AM | by admin

Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) started oil production from the first well at the Bonga North West deep-water development off ...

Sale of Interest in Transierra
Posted On Aug 06 ,2014 - 08:11-AM | by admin

Petrobras announces that it has sold its 44,5% stake in Transierra S.A. to Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) for US$ 106.7 million. This operation is aligned with the Company´s Str...

Produced Water Management 2014 Global Workshop
Posted On Aug 06 ,2014 - 08:13-AM | by admin

NASA, Saudi Aramco, Total, Shell and more operators join the Produced Water Management 2014 Global Workshop Produced Water Management has emerged as an expensive issue that requires efficient handling...

GE to invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018
Posted On Aug 05 ,2014 - 08:56-PM | by admin

GE (NYSE: GE) announced that it will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. GE made the announcement in advance of President ...

Nigeria Deploys GE's Mobile Gas Turbines, Bringing Financing Services to Return Largest Refinery to Full Power and Production Capacity
Posted On Aug 05 ,2014 - 08:21-PM | by admin

With more industrial facilities using distributed power technologies to ensure a reliable energy supply and increase productivity, GE's Distributed Power business (NYSE: GE) is supplying Genesis Elect...

Pipeline Simulation Interest Group (PSIG) Offers Annual Educational Scholarships to Students
Posted On Aug 05 ,2014 - 08:44-AM | by admin

The Pipeline Simulation Interest Group, (PSIG), is proud to announce the offering of two annual educational scholarships honoring two dedicated members of the PSIG board; Orin Flanigan and Don Schroed...

Global Refining Technology Forum
Posted On Aug 05 ,2014 - 08:56-AM | by admin

Dr. M R Raizi, Professor Chemical Engineering Department - Kuwait University will speak on heavy oil characteristics and processing to produce middle distillates at the Global Refining Technology Foru...

Songa Offshore SE announce July fleet update
Posted On Aug 05 ,2014 - 08:23-AM | by admin

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% during the month working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an ea...

Neste Oil's Interim Report for January-June 2014
Posted On Aug 05 ,2014 - 08:11-AM | by admin

Internal improvement actions started to bear fruit in a challenging market.

Anton Oilfield Services Awarded Service Contract with Two Rigs for Drilling Project in Southern Iraq
Posted On Aug 04 ,2014 - 08:39-PM | by admin

Anton Oilfield Services Group ("Anton" or the "Group", HKEx stock code: 3337), the leading independent oilfield services provider in China, is pleased to announce that the Group is today awarded the c...

Oilex announce CAMBAY-77H - Flow-back Update
Posted On Aug 04 ,2014 - 08:29-AM | by admin

Oilex Ltd (ASX: OEX, AIM: OEX) is pleased to announce that Cambay-77H well continues to produce crude oil and frac water and ~ 55% of the water used to stimulate the well has been recovered. Light cru...

Leni gas and oil announce Goudron Drilling Update, Trinidad
Posted On Aug 04 ,2014 - 08:20-AM | by admin

LGO today announced the results of the evaluation of the electric logs in well GY-667, the fourth of its planned 30 new development wells at the Goudron Field in Trinidad, and the third well from th...

Galp Energia announce Exploration well TAO-1 results, in Morocco
Posted On Aug 04 ,2014 - 08:58-AM | by admin

Galp Energia announces the conclusion of the drilling of the exploration well TAO-1, located in the Tarfaya Offshore area, in the Atlantic margin of offshore Morocco, where no hydrocarbons were encoun...

Tangiers announce TAO-1 is Unsuccessful
Posted On Aug 04 ,2014 - 08:18-AM | by admin

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company") provides the following update on the TAO-1 exploration well located in the Tarfaya Offshore Block, Morocco. The TAO-1 ...

Range Resources issue International Petroleum Loan Update
Posted On Aug 04 ,2014 - 08:09-AM | by admin

The Board of Range is pleased to announce that it has signed a settlement agreement with International Petroleum with respect to repayment of Range's USD 8 million loan by International Petroleum Ltd ...

KBR Announces Second Quarter 2014 Financial Results
Posted On Aug 01 ,2014 - 08:53-PM | by admin

Highlights - Strong bookings in Hydrocarbons and IGP segments - Continued strong operational performance in Gas Monetization and Hydrocarbons business segments - Cash and cash equivalents of $1 bil...

Absoft partner with Neptune to develop custom built web apps for upstream oil and gas
Posted On Aug 01 ,2014 - 08:33-PM | by admin

Aberdeen-based specialist SAP consultancy Absoft has partnered with enterprise mobility experts, Neptune Software, in Norway, to develop a suite of custom built web applications for SAP users in upstr...

Chevron Reports Second Quarter Net Income of $5.7 Billion
Posted On Aug 01 ,2014 - 08:40-PM | by admin

Chevron Corporation (NYSE: CVX) today reported earnings of $5.7 billion ($2.98 per share – diluted) for second quarter 2014, compared with $5.4 billion ($2.77 per share – diluted) in the 2013 seco...

MX Oil secures Joint Venture with Geo Estratos
Posted On Aug 01 ,2014 - 08:21-AM | by admin

MX Oil plc is pleased to provide an update on its activities in line with the Company's strategy to explore investment opportunities in Mexico's energy industry, which is being reopened to the private...

Pilot Borehole Completed Under Wouri River for Bonaberi Gas Supply
Posted On Aug 01 ,2014 - 08:16-AM | by admin

Victoria Oil & Gas Plc, the emerging Cameroon utility company, announces that drilling of a 678m single shot pilot borehole was completed under the Wouri River to Bonaberi in Douala, Cameroon on 31 Ju...

Rosneft Closes deal with Weatherford International
Posted On Aug 01 ,2014 - 08:52-AM | by admin

Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela. The closure marks the realization of the agreement signed in...

Oando Completes Acquisition of ConocoPhillips’ Nigerian Assets
Posted On Jul 31 ,2014 - 07:05-PM | by admin

Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, announced the completion of its acquisition of the Nig...

Exxon Mobil Corporation Announces Estimated Second Quarter 2014 Results
Posted On Jul 31 ,2014 - 07:17-PM | by admin

Highlights * Earnings of $8,780 million increased $1,920 million or 28 percent from the second quarter of 2013. * Earnings per share (assuming dilution) were $2.05, an increase of 32 percent. ...

Eni enters Myanmar
Posted On Jul 31 ,2014 - 07:01-AM | by admin

Production Sharing Contracts signed for the exploration of two onshore blocks Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of My...

African Petroleum issue Quarterly Disclosure Declaration
Posted On Jul 31 ,2014 - 07:47-AM | by admin

Reports relating to the quarter ended 30 June 2014: Highlights Corporate  Approximately US$ 16.5 million cash in bank at 30 June 2014  In addition, ...

Eni announce second quarter and first half of 2014 results
Posted On Jul 31 ,2014 - 07:29-AM | by admin

Eni, the international oil and gas company, today announces its group results for the second quarter and first half of 2014 (unaudited). Financial highlights1 * Adjusted operating...

Floating LNG Experts to congregate in Malaysia to discuss the latest developments
Posted On Jul 31 ,2014 - 07:16-AM | by admin

Global FLNG Forum - Malaysia will gather global gas experts to look into latest developments in floating LNG. Natural gas is one of the most important resources in the world today, mainly because i...

Shell announce second quarter 2014 results
Posted On Jul 31 ,2014 - 07:53-AM | by admin

On Thursday, July 31, 2014 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc released its second quarter results and second quarter interim dividend announcement for 2014. Highl...

Eni announces discovery of gas and condensates in offshore Gabon
Posted On Jul 31 ,2014 - 07:43-AM | by admin

The total estimated potential of these discoveries is approximately 3 billion boe, with potential for further improvement. Eni has made an important gas and condensates discovery in the Nyonie Dee...

Exxon Mobil Corporation Declares Third Quarter Dividend
Posted On Jul 30 ,2014 - 07:18-PM | by admin

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 69 cents per share on the Common Stock, payable on September 10, 2014 to shareholders of record of Common...

SM Energy Reports Results for the Second Quarter of 2014
Posted On Jul 30 ,2014 - 07:10-PM | by admin

Announces Significant Bakken/Three Forks Acquisition Highlights: Record quarterly average daily production of 147 MBOE per day, compared to guidance range of 136 - 143 MBOE per da...

Rosneft and PDVSA Signed a Range of Agreements on Offshore Projects and Drilling Technologies
Posted On Jul 30 ,2014 - 07:01-PM | by admin

Rosneft President and Chairman of the Management Board Igor Sechin and Venezuelan Minister of Petroleum and Mining and PDVSA President Rafael Ramirez signed a Cooperation Agreement to implement offsho...

Rosneft and North Atlantic Drilling expand offshore partnership
Posted On Jul 30 ,2014 - 07:43-PM | by admin

Rosneft and North Atlantic Drilling Ltd. have entered into long-term offshore drilling contracts. The transaction contemplates employment of six offshore drilling rigs until 2022 with the purpose of c...

Saipem Board of Directors approves Six-Month Report at June 30, 2014
Posted On Jul 30 ,2014 - 07:01-PM | by admin

The Board of Directors of Saipem S.p.A. today reviewed Saipem’s consolidated Six-Month Report at June 30, 2014, which has been prepared in compliance with the International Accounting Standard IAS 3...

Saipem awarded new drilling contracts worth $850 million
Posted On Jul 30 ,2014 - 07:57-PM | by admin

Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and re...

Americas Petrogas Provides Operations Update
Posted On Jul 30 ,2014 - 07:36-PM | by admin

Americas Petrogas (TSX VENTURE:BOE) (the "Company") is pleased to provide the following updates of its oil and gas activities in Argentina as well as its fertilizer activities in Peru. Oil ...

Strata Oil Identifies Multiple Drilling Locations to Test Cold Production Potential of Cadotte West
Posted On Jul 30 ,2014 - 07:26-PM | by admin

Strata Oil & Gas Inc. announced today that its technical team has provided recommendations to the Board of Directors pursuant to the Cold Production study initiated by the Company relating to the Cado...

KBR Awarded Major Engineering Design Contract by Hyundai Heavy Industries Co., Limited
Posted On Jul 30 ,2014 - 07:21-AM | by admin

KBR Inc. (NYSE: KBR) announced that it has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design services for the Abu Dhabi Marine Operating Company Al-Na...

Hess to Pursue Formation of Master Limited Partnership
Posted On Jul 30 ,2014 - 07:43-AM | by admin

Hess Corporation (NYSE:HES) announced today its intention to pursue the formation and initial public offering of a master limited partnership (MLP). Hess remains focused on value creation and the purs...

African oil & energy sector fuelling global investor growth, says DHL
Posted On Jul 30 ,2014 - 07:32-AM | by admin

While exploration activity in Africa is at its highest level ever, the continent remains largely unexplored While Oil and Gas activity in West Africa is nothing new, it is the activity in East Afri...

Anadarko Announces Second-Quarter 2014 Results
Posted On Jul 30 ,2014 - 07:50-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the second quarter of 2014, including net income attributable to common stockholders of $227 million,...

Total announces its interim dividend for the second quarter 2014
Posted On Jul 30 ,2014 - 07:06-AM | by admin

The Board of Directors of Total approved a second quarter 2014 interim dividend of 0.61 euros per share. This interim dividend, increased by 3.4% compared to the second quarter 2013, is payable in eur...

Tullow release 2014 Half-yearly results
Posted On Jul 30 ,2014 - 07:53-AM | by admin

Strong revenues and cashflow; results in line with market expectations Balance sheet strengthened through bond issue and re-financing Exploration successes in Kenya, Gabon and Norway Major developm...

GE Energy Financial Services Invests in Atria Power's Wind Farms in India
Posted On Jul 29 ,2014 - 07:20-PM | by admin

- Supports USD $1 Billion Annual Renewable Energy Investment Commitment GE unit (NYSE: GE) GE Energy Financial Services has invested equity in three Atria Power wind projects under construction in In...

ExxonMobil PNG Limited Selects FLOWCAL for Their LNG facility in Papua New Guinea
Posted On Jul 29 ,2014 - 07:14-PM | by admin

Flow-Cal, Inc. was selected to provide an advanced gas and liquids measurement solution at ExxonMobil Corporation’s Liquefied Natural Gas (LNG) plant in Papua New Guinea. The project, operated by Ex...

Lishui 36-1 Gas Field Starts Production
Posted On Jul 29 ,2014 - 07:57-PM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that the Lishui 36-1 gas field has commenced production. Lishui 36-1 gas field is located 150 kilometres away fro...

Richard Rose appointed Finance Director of Premier Oil
Posted On Jul 29 ,2014 - 07:02-AM | by admin

Premier is pleased to announce that Richard Rose will join Premier's Board as Finance Director on 8 September 2014. Richard qualified as a chartered accountant with Ernst & Young and has spent over...

BP reports second quarter 2014 results
Posted On Jul 29 ,2014 - 07:21-AM | by admin

BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same p...

Anadarko Announces Board of Directors Election
Posted On Jul 29 ,2014 - 07:37-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced the election of Joseph W. Gorder to serve as an independent director of the company, effective July 28, 2014. Gorder was also appointed a mem...

Total sells its coal mining assets to Exxaro
Posted On Jul 28 ,2014 - 07:42-PM | by admin

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa. The consideration for the transa...

TKAEFER sponsors Corrosion Under Insulation Forum to be held in Al Khobar, Saudi Arabia
Posted On Jul 28 ,2014 - 07:27-AM | by admin

KAEFER, Gold Sponsor at the Corrosion Under Insulation Forum, will speak on preventing CUI from a contractor's perspective KAEFER is sponsoring Corrosion Under Insulation, a technical forum gatheri...

Neste Oil Rally Helsinki Battle
Posted On Jul 28 ,2014 - 07:30-AM | by admin

Almost 20 000 rally enthusiasts gathered to sunny Hietalahti in Helsinki on Saturday for the first ever Neste Oil Rally Helsinki Battle street circuit race. The Finnish rally legends challenged the cu...

Statoil announce second quarter 2014 results
Posted On Jul 25 ,2014 - 07:04-PM | by admin

Statoil's (OSE:STL, NYSE:STO) second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billi...

Whio-1 Well Spud, Offshore Taranaki Basin, New Zealand
Posted On Jul 24 ,2014 - 07:34-PM | by admin

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that the Whio-1 exploration well spud at 21:45 hours (local time) on 23rd July. The rig ...

BW Offshore to take full ownership of FPSO Petroleo Nautipa
Posted On Jul 24 ,2014 - 07:02-PM | by admin

Reference is made to BW Offshore's announcement dated 9 July 2014. BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through ...

Iain Conn leaving BP after 10 years on the board
Posted On Jul 24 ,2014 - 07:21-PM | by admin

BP today announced that Iain Conn, Group Managing Director and Chief Executive, Downstream, is leaving the company and is to step down from BP's board by the end of the year. Conn has had a career...

Noble Energy Announces Second Quarter 2014 Results
Posted On Jul 24 ,2014 - 07:47-AM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today second quarter 2014 net income of $192 million, or $0.52 per diluted share on total revenues of $1.4 billion. Excluding the impact of certain items, whic...

Versalis signs new Cooperation Agreement with CB&I to market LDPE and EVA proprietary technologies in North America
Posted On Jul 24 ,2014 - 07:35-AM | by admin

Versalis (Eni) has signed a Cooperation Agreement with CB&I, the leading US-based engineering and industrial services company. CB&I will market and provide engineering services for Versalis’ low den...

Conference to emphasize on HSSE as a priority in energy sector
Posted On Jul 24 ,2014 - 07:33-AM | by admin

Identifying the major hazard and security risks and personal health & safety risks in energy sector and drafting a well crafted HSE lessons to build resilience and avoid failures "The 2nd Annual La...

Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy
Posted On Jul 24 ,2014 - 07:37-AM | by admin

Nigeria's liquids production could increase from 2.35 million barrels a day on average to a new high of 3.13 million barrels a day by 2030 according to a McKinsey report. - Natural gas output could...

Technip’s Second Quarter 2014 Results
Posted On Jul 24 ,2014 - 07:35-AM | by admin

Record backlog in both segments. Strong improvement in Subsea margin. SECOND QUARTER 2014 RESULTS HIGHLIGHTS Order intake of €7.1 billion Revenue of ...

Statoil awarded licence offshore Colombia
Posted On Jul 24 ,2014 - 07:28-AM | by admin

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operat...

Annual Sustainability Report released by Hess Corporation
Posted On Jul 23 ,2014 - 07:04-PM | by admin

Report Earns GRI Application Rating of A+ for Sixth Consecutive Year Hess Corporation (NYSE:HES) released its 2013 Corporate Sustainability Report today, a comprehensive look at the environmental, ...

Cairn India issues financial results for the period ended 30th June, 2014
Posted On Jul 23 ,2014 - 07:07-PM | by admin

Cairn India Limited (CIL), today announced its quarterly financial results for the period ending 30th June, 2014. Q1 FY 15 Highlights Financial:  Revenue of ₹ 4,483 crore (...

Ruspetro announces successful first horizontal well test
Posted On Jul 23 ,2014 - 07:13-PM | by admin

Ruspetro plc (LSE: RPO) today announces that a successful ten day flow test has been carried out on the Company's first multi-stage fractured horizontal well (number 214) in its Pottymsko-Inginsky lic...

Mosman update on Acquisition of Trident Energy Limited
Posted On Jul 23 ,2014 - 07:08-PM | by admin

Mosman Oil and Gas Limited (AIM: MSMN) the Australia and New Zealand focused oil exploration and development company announces an update on the proposed acquisition of all the issued shares in Trident...

Tullow receives judgment in its favour following appeal by Heritage
Posted On Jul 23 ,2014 - 07:44-AM | by admin

Tullow Oil plc (‘Tullow’) is pleased to announce that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and Her...

Africa’s oil & gas sector continues to show substantial growth, despite regulatory uncertainty and corruption, according to PwC Review
Posted On Jul 23 ,2014 - 07:24-AM | by admin

PwC’s ‘Africa oil & gas review’ analyses what has happened in the last 12 months in the oil & gas industry within the major African markets The challenges facing oil & gas companies operating...

Alaska LNG Project, Export Application Filed with U.S. Department of Energy
Posted On Jul 21 ,2014 - 07:11-PM | by admin

In another important step forward for the Alaska LNG project, an application to export liquefied natural gas (LNG) was submitted to the U.S. Department of Energy. The export application requests au...

Agreement to Sell 40% Stake in Greater Bualuang Area
Posted On Jul 21 ,2014 - 07:06-PM | by admin

Further to the Heads of Agreement announced on 5 June 2014, Salamander is pleased to announce that a definitive Share Sale and Purchase Agreement has now been signed with SONA Petroleum Berhard ("SONA...

Commercial Production Begins at Chevron's New Premium Base Oil Plant
Posted On Jul 21 ,2014 - 07:01-PM | by admin

Chevron Corporation (NYSE:CVX) subsidiary Chevron U.S.A. Inc. announced that it has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company's Pa...

Schlumberger Announces Second-Quarter 2014 Results
Posted On Jul 21 ,2014 - 07:49-PM | by admin

Schlumberger Limited (NYSE:SLB) reported second-quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013. Second-quar...

Rosneft Statement Regarding Being Entered on OFAC Sectoral Sanctions List
Posted On Jul 21 ,2014 - 07:40-PM | by admin

In connection with Rosneft being included in the OFAC sectoral sanctions list, the Company is willing to state as follows: Rosneft has no influence on either political or economic processes ongoin...

Rolta Wins Multi-million Dollar Follow-on Award for Engineering Systems for Sadara, Saudi Arabia
Posted On Jul 21 ,2014 - 07:11-PM | by admin

Rolta announced today that it has been awarded an additional scope of work by Sadara Chemical Company (Sadara) to implement a comprehensive Engineering Information System within Sadara's Jubail integr...

Oilex Ltd issue update on CAMBAY-77H
Posted On Jul 21 ,2014 - 07:02-PM | by admin

Oilex Ltd (ASX: OEX, AIM: OEX) announced that following successful mill-out operations the Cambay-77H well has commenced controlled flow-back of frac fluids with light oil/condensate being recovered...

Union Jack Oil announce drilling operations at Wressle-1 Exploration Well (PEDL180)
Posted On Jul 21 ,2014 - 07:38-AM | by admin

Union Jack Oil plc (“Union Jack” or “the Company”), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocar...

Eni signs cooperation agreement with Republic of Congo
Posted On Jul 21 ,2014 - 07:34-AM | by admin

The Congolese Minister of hydrocarbons, André Raphael Loemba, and Eni CEO, Claudio Descalzi, in the presence of President of Congo Dennis Sassou Nguesso and the Italian Prime Minister, Matteo Renzi, ...

Well update - Norway
Posted On Jul 21 ,2014 - 07:36-AM | by admin

Tullow Oil plc announces that Tullow Oil Norge AS, operator of the production licence PL 507, did not encounter hydrocarbons in the Lupus exploration well (31/10-1) which will now be plugged and aban...

Petrobras announce June oil and natural gas production
Posted On Jul 19 ,2014 - 07:56-PM | by admin

Petrobras announces that its June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% from May’s production of 1,975 thousand bpd. Including the production operated by Petrob...

Petrobras sells 40% of its interest in Gasmig
Posted On Jul 19 ,2014 - 07:27-PM | by admin

Petrobras announces that its Board of Directors has approved the sale of its 40% interest in Gasmig to Cemig - Companhia Energética de Minas Gerais - for R$ 600 million. Gasmig is the sole distrib...

Angola Block 15/06: N'Goma FPSO ready to sail away
Posted On Jul 19 ,2014 - 07:05-PM | by admin

The N’Goma FPSO is ready to sail away to the offshore site block 15/06 in Angola, following the naming ceremony held yesterday at Port Amboim. It will then commence mooring and hook-up operations. ...

Victoria Oil & Gas announce Directorate Change
Posted On Jul 17 ,2014 - 07:46-PM | by admin

The Board of Directors of VOG today announces that Austen Titford has resigned as Executive Director of the Company effective 16 July 2014 for personal reasons. Austen will continue to work with the ...

Paradigm Offers Geolog-Petrel Connector in Its Latest Geolog Release
Posted On Jul 17 ,2014 - 07:37-PM | by admin

Paradigm® announced today that it has released the latest version of its industry-leading Geolog® formation evaluation and petrophysics analysis solution suite. The release includes a plug-in that ...

Clontarf Energy plc issues Update on Ghana Legal Proceedings
Posted On Jul 17 ,2014 - 07:49-AM | by admin

The board of Clontarf are pleased to report that an agreement has been reached with the Ghanaian authorities which clarifies the co-ordinates of the signed Petroleum Agreement on a licence Block in th...

OMV Petrom announce oil discovery in the Black Sea
Posted On Jul 17 ,2014 - 07:27-AM | by admin

OMV Petrom, the largest oil and gas producer in Southeastern Europe, announces successful drilling of an exploration well offshore in Istria XVIII perimeter (shallow). Marina 1 probe identified an oil...

Leni Gas & Oil Raises £7 million for Trinidad Investment
Posted On Jul 17 ,2014 - 07:39-AM | by admin

LGO today announces that the Company has raised £7 million before expenses, by way of a Company arranged placing of 200 million new ordinary shares ("the Placing Shares") at a placing price of 3.5p p...

Neste Oil Rally
Posted On Jul 17 ,2014 - 07:58-AM | by admin

The Neste Oil Rally Helsinki Battle, one of the biggest free events to be held in Helsinki this summer, presents to the public one of the most talked-about rally car models of the last millennium. Juh...

Aker Solutions Reports Second-Quarter 2014 Earnings Ahead of Split
Posted On Jul 17 ,2014 - 07:39-AM | by admin

Aker Solutions is on track with a plan to split into two companies at the end of September, including one that will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and M...

Negotiation of Interest Sale in Gasmig
Posted On Jul 17 ,2014 - 07:33-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that, in line with its Business and Management Plan which provides for divestment of assets abroad and in Brazil, is negotiating with Cemig - Companhi...

Dana Gas issues update on Kurdistan Regional Government of Iraq (‘KRG’) arbitration
Posted On Jul 16 ,2014 - 07:31-PM | by admin

Further to its previous disclosure statements dated 22nd October 2013 and 2nd February 2014, Dana Gas wishes to update the market with regard to the international arbitration case it filed along wit...

Tullow receives ruling on Ugandan Tax Appeals
Posted On Jul 16 ,2014 - 07:47-PM | by admin

Tullow Oil plc announces today that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT). Following the comp...

Back to Permian: US Oil Comes Full Circle
Posted On Jul 16 ,2014 - 07:03-PM | by admin

Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico, where the recent shift to hor...

Seadrill refinances three high specification ultra-deepwater units
Posted On Jul 16 ,2014 - 07:25-PM | by admin

Seadrill Limited ("Seadrill" or the "Company") has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit ...

Roxi Petroleum plc announces exercise of options
Posted On Jul 16 ,2014 - 07:44-PM | by admin

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announces that following the exercise of options 125,000 new shares ("Option Shares") have been issued.

Leni Gas announce Potential Acquisition of a Producing Oil Field in Trinidad
Posted On Jul 16 ,2014 - 07:43-PM | by admin

Leni Gas & Oil plc today announces the signing of a binding Heads of Agreement ("HOA") to acquire a 100% interest of the producing Trinity-Inniss Field in south-eastern Trinidad, close to the Company'...

Whiting Petroleum Corporation To Acquire Kodiak Oil & Gas Corp.
Posted On Jul 16 ,2014 - 07:18-AM | by admin

Whiting Petroleum Corporation (NYSE: WLL) (“Whiting”) and Kodiak Oil & Gas Corp. (NYSE: KOG) (“Kodiak”) announced a definitive agreement pursuant to which Whiting will acquire Kodiak in an all...

Rosneft Acquires Oil Field Services from Weatherford International
Posted On Jul 16 ,2014 - 07:44-AM | by admin

Rosneft President Igor Sechin and Vice President of Weatherford International plc. for Russia Lance Marklinger signed an agreement for the acquisition of Rosneft land drilling and workover assets of W...

Rosneft, HRT and Petrobras Agreed to Study the Possibility of Gas Monetization in the Solimões Basin
Posted On Jul 16 ,2014 - 07:06-AM | by admin

Rosneft President, Chairman of the Managing Board Igor Sechin, HRT CEO Milton Franke and Petrobras Director of Gas and Energy Jose Alcides Santoro Martins signed a Memorandum of Understanding on coope...

NRG Energy and JX Nippon Oil & Gas Exploration forms a 50/50 joint venture for Petra Nova Carbon Capture Project
Posted On Jul 16 ,2014 - 07:19-AM | by admin

World's Largest Post-Combustion Carbon Capture-Enhanced Oil Recovery Project to be built by NRG Energy and JX Nippon Oil & Gas Exploration NRG Energy, Inc. (NYSE:NRG), through its wholly owned subs...

Digital Data Services Presents Maperture®- Solutions for the Oil and Gas Industry at the AAPG Annual Meeting
Posted On Jul 16 ,2014 - 07:10-AM | by admin

Digital Data Services, a leader in customer-focused geographic business solutions, will be exhibiting at the American Association of Petroleum Geologists (AAPG) Annual Meeting on July 21 and 22, 2014 ...

CAMBAY - Gas Sales Agreement Endorsed
Posted On Jul 15 ,2014 - 07:32-PM | by admin

Oilex Ltd (ASX: OEX, AIM: OEX) is pleased to announce that it has received endorsement from the relevant Government of India authorities for the sale of gas from Cambay Field, specifically Cambay-73 w...

Falcon Oil & Gas announce drilling operations update
Posted On Jul 15 ,2014 - 07:10-PM | by admin

Falcon Oil & Gas Ltd. (TSX VENTURE: FO)(AIM: FOG)(ESM: FAC) ("Falcon" or the "Company") announced that initial drilling operations on the Besa-D-1 well have reached total depth ("TD") of 3,000 metres ...

Shell adds third major discovery to the Norphlet play in the Gulf of Mexico
Posted On Jul 15 ,2014 - 07:11-PM | by admin

Shell today announces its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of exploration acti...

Anadarko Provides Information About Minerals-Interest Ownership
Posted On Jul 15 ,2014 - 07:21-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today provided a financial update, including the establishment of a new unsecured five-year credit facility, the issuance of senior notes, and the sale of We...

Qatar Petroleum (QP) embarks on energy-saving environmental project
Posted On Jul 15 ,2014 - 07:40-PM | by admin

To meet the world’s growing energy demand as well as to optimize energy use while minimizing wasted energy, Qatar Petroleum (QP) has embarked on several important initiatives such as the Jetty Boil-...

L&T Hydrocarbon Wins Order for Kuwait Oil & Gas Facility
Posted On Jul 15 ,2014 - 07:06-PM | by admin

L&T Hydrocarbon, wholly-owned subsidiary of India’s L&T, has secured a contract valued at KWD 239.7million (US$846mn) from Kuwait Oil Company (KOC). L&T Hydrocarbon will execute a complete Engineer-...

Honeywell’s UOP Green Fuels Technology Selected By Petrixo To Produce Renewable Jet Fuel And Diesel
Posted On Jul 15 ,2014 - 07:21-AM | by admin

UOP LLC, a Honeywell (NYSE: HON) company, announced that its green fuels process technology has been selected by Petrixo Oil & Gas to produce renewable jet fuel and renewable diesel at a new refinery...

Tangiers Petroleum issue TAO-1 Operational Update
Posted On Jul 15 ,2014 - 07:12-AM | by admin

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company") is pleased to provide an update on the drilling of the TAO-1 exploration well,located offshore Morocco. No major operatio...

No significant imbalance in taxation of Russia’s oil and gas industries
Posted On Jul 15 ,2014 - 07:15-AM | by admin

The Gazprom Board of Directors took note of the information about the taxation of the gas industry. It was pointed out that Gazprom was a major taxpayer in Russia. For many years the Company has se...

AP announce farm-out agreement on Block CI-509 offshore Côte d’Ivoire
Posted On Jul 14 ,2014 - 07:27-AM | by admin

African Petroleum Corporation is pleased to announce that it has entered into an agreement with Buried Hill Africa Limited (“Buried Hill”) to farm-out a 10% interest in Block CI-509 offshore Côte...

Tullow issues Ethiopia drilling update
Posted On Jul 14 ,2014 - 07:22-AM | by admin

Tullow Oil plc (“Tullow”) today announces that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached a total d...

Volga-Dnepr Delivers 80t of Oil and Gas Equipment to Cape Town
Posted On Jul 11 ,2014 - 07:28-PM | by admin

Two freighters from Volga-Dnepr Airlines' fleet, An-124-100 and IL-76TD-90VD, were called into action to deliver more than 80t of oil and gas equipment to Cape Town in South Africa. The An-124 flig...

Hyundai Heavy Industries Wins USD 1.94 Billion Offshore Order in UAE
Posted On Jul 11 ,2014 - 07:11-PM | by admin

Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced today that it received a Letter of Award (LOA) for a USD 1.94 billio...

Proposed Demerger of Aker Solutions - Publication of Information Memorandum - Impairment of Some Future Akastor Assets
Posted On Jul 11 ,2014 - 07:52-AM | by admin

The board of directors of Aker Solutions ASA ("Aker Solutions") has in accordance with the strategy disclosed April 30 resolved to propose to the company's shareholders that Aker Solutions be split in...

First oil from Dua project in Vietnam
Posted On Jul 11 ,2014 - 07:14-AM | by admin

Santos today announced that oil production has commenced from the Dua oil project, offshore Vietnam. Sanctioned in August 2012, Dua is a three-well subsea tie-back to the existing Chim Sáo facilit...

Leni announce Goudron Drilling and Infrastructure Update
Posted On Jul 11 ,2014 - 07:05-AM | by admin

LGO today announces that the fourth of its planned Goudron development wells, GY-667, was successfully spudded yesterday at 1530 hrs T&T time and is now drilling ahead in the Goudron Sandstones. ...

Roxi Petroleum announce Licence extension and operational update
Posted On Jul 11 ,2014 - 07:09-AM | by admin

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a licence extension and of operational progress at its Galaz asset. Galaz The ...

Q2 2014 Operational Update announced by Mediterranean Oil & Gas
Posted On Jul 11 ,2014 - 07:42-AM | by admin

The Board of Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to announce the following operational update for the three months ended 30 June 2014. Production and Revenues Production: MOG's ...

Bue oil discovery and Pil resources range update, Norwegian Sea
Posted On Jul 11 ,2014 - 07:41-AM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announc...

Gazprom to boost gas supply to Croatia
Posted On Jul 11 ,2014 - 07:18-AM | by admin

A Gazprom delegation paid a working visit to the Republic of Croatia. As part of the visit, meetings were held with Ivo Josipovic, President of the Republic of Croatia and Zoran Milanovic, Croatian P...

Chevron Issues Interim Update for Second Quarter 2014
Posted On Jul 11 ,2014 - 07:59-AM | by admin

Chevron Corporation (NYSE:CVX) today reported in its interim update that earnings for the second quarter 2014 are expected to be higher than first quarter 2014 as a result of gains on asset sales and ...

Philips strengthens Nigeria’s ambition to improve energy efficiency
Posted On Jul 11 ,2014 - 07:38-AM | by admin

Royal Philips (AEX: PHIA, NYSE: PHG) , the global leader in lighting, unveiled a stunning lighting makeover of the well-renowned Nigerian National Arts Theater in Lagos, one of the most iconic buildin...

Eni sells its stake in EEV to German EnBW
Posted On Jul 11 ,2014 - 07:26-AM | by admin

Eni sells its stake in EnBW Eni Verwaltungsgesellschaft (EEV), equal joint venture which controls the companies Gasversorgung Süddeutschland (GVS) and terranets bw, to its current partner EnBW (Ener...

African Petroleum announce new contract in Sierra Leone
Posted On Jul 11 ,2014 - 07:33-AM | by admin

African Petroleum Corporation is pleased to announce that its wholly owned subsidiary African Petroleum Sierra Leone Limited has signed a contract to acquire more than 1,000 sq km of 3D seismic data o...

Alba to invest in drill ready onshore UK oil and gas project
Posted On Jul 11 ,2014 - 07:27-AM | by admin

Alba Mineral Resources plc (AIM:ALBA) ("Alba" or the "Company"), the UK based exploration company, is pleased to announce that it has signed a binding Heads of Agreement with Horse Hill Developments L...

Pemex signs agreement of cooperation with the British Council in training
Posted On Jul 10 ,2014 - 07:19-PM | by admin

Pemex signed a Memorandum of Understanding with the British Council to promote the training of their workers. The agreement was signed by the director general of Pemex, Emilio Lozoya Austin; Britain's...

Pemex-Gas and Basic Petrochemicals OAT selected for the Engineering, Procurement and Construction of the Ramones II project
Posted On Jul 10 ,2014 - 07:04-PM | by admin

Pemex Gas and Basic Petrochemicals (PGPB), through its subsidiary Northern Pipelines Tag (Tag North) did a thorough analysis of companies and consortia to ensure technical expertise and ability to dev...

Lundin Petroleum sells assets in the Komi Region, Russia
Posted On Jul 10 ,2014 - 07:36-AM | by admin

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has entered into an agreement with Arawak Energy Russia BV (Arawak), to sell Lundin Petroleum’s entire interests in the Sotchemy...

Premier issues Trading and Operations Update
Posted On Jul 10 ,2014 - 07:48-AM | by admin

Premier today provides an Operations Update summarising key activities since the Interim Management Statement on 14 May 2014 and a Trading Statement in respect of its half year financials to 30 June 2...

NOVATEK reports preliminary operating data for second quarter and first half 2014
Posted On Jul 10 ,2014 - 07:55-AM | by admin

In the second quarter 2014, NOVATEK’s gross production totaled 15.59 billion cubic meters (bcm) of natural gas and 1,356 thousand tons of liquids (gas condensate and crude oil), resulting in an incr...

Petrofac awarded US$700 million project in Kuwait
Posted On Jul 10 ,2014 - 07:24-AM | by admin

Petrofac, the international oil and gas services provider has received an award notification for Kuwait Oil Company's (KOC) gathering centre 29 (GC29) which is located approximately 70 km north of Kuw...

Paradigm Renews its Agreement with Mira Geoscience
Posted On Jul 10 ,2014 - 07:33-AM | by admin

Paradigm® announced today that it has renewed its value added reseller agreement with Mira Geoscience for the delivery of Paradigm SKUA-GOCAD™ modeling software to the global mining industry. ...

Technip, in a consortium with Wijaya Karya, secures onshore contract for the Matindok Gas Development project
Posted On Jul 10 ,2014 - 07:02-AM | by admin

Technip, in a consortium with PT Wijaya Karya (Persero) Tbk (WIKA), was awarded an onshore lumpsum contract by PT Pertamina EP for the Matindok Gas Development project located in Central Sulawesi, Ind...

Roxi Petroleum announce discovery at BNG, Kazakhstan
Posted On Jul 09 ,2014 - 07:35-AM | by admin

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a discovery at its flagship BNG asset. The BNG Contract Area is located in the ...

New Drilling Campaign starts at Mtsare Khevi Gas Complex In Georgia
Posted On Jul 09 ,2014 - 07:32-AM | by admin

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company ("Frontera" or the "Company"), today announced that it h...

Victoria Oil & Gas announces Gas Supply & Operations Update, Douala, Cameroon
Posted On Jul 09 ,2014 - 07:25-AM | by admin

Victoria Oil and Gas Plc, the emerging African energy utility company, today announces an update on its Logbaba gas supply operations in the industrial port city of Douala, Cameroon, operated by wholl...

Petroceltic completes Algeria farm-out transaction
Posted On Jul 09 ,2014 - 07:59-AM | by admin

Petroceltic International plc ("Petroceltic" or "the Company"), the independent oil and gas exploration and production company focused on the Middle East, North Africa, Mediterranean and Black Sea reg...

Ardan Operations Update & Corporate Presentation
Posted On Jul 09 ,2014 - 07:35-AM | by admin

Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, is pleased to provide a positive operations update from the Company's primary investment, Ardan R...

Technip awarded a new framework agreement by Statoil, Exxon Mobil and Gassco
Posted On Jul 08 ,2014 - 07:34-PM | by admin

Technip was awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replace...

CCP Composites and Polynt Group link up
Posted On Jul 08 ,2014 - 07:49-AM | by admin

CCP Composites, a Total company specialized in composite resins, and Polynt Group, a provider of intermediate polymers and composites, are planning to combine to create an integrated composite resins ...

RWE Dea completes three successful appraisal wells in its Egyptian Sidi Salem South East Fields
Posted On Jul 08 ,2014 - 07:32-AM | by admin

RWE Dea has completed three appraisal wells in the Egyptian Sidi Salem South East-1 and Sidi Salem South East-2 Gas Fields from March to May 2014 with the aim of de-risking reserves and reducing uncer...

Tap Oil gives update on Manora oil development
Posted On Jul 07 ,2014 - 07:01-PM | by admin

Tap Oil Limited (ASX:TAP) provides the following update on the Manora oil development in the Northern Gulf of Thailand (TAP 30% interest). Mubadala Petroleum, the operator of the Manora joint vent...

IBM Research launches 10-year initiative to support China in transforming its national energy systems
Posted On Jul 07 ,2014 - 07:44-PM | by admin

IBM (NYSE: IBM) has announced that it is deploying the full force of its researchers in laboratories around the world in a 10-year initiative to support China in transforming its national energy syste...

Discovery of a new oil field in Chile
Posted On Jul 07 ,2014 - 07:09-PM | by admin

GeoPark Limited ("GeoPark") (NYSE: GPRK), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina, today an...

Tethys increases interest in Rietavas licence onshore Lithuania
Posted On Jul 07 ,2014 - 07:37-PM | by admin

Tethys Oil AB has increased its indirect interest in the Rietavas licence onshore Lithuania from 14% to 30% as joint venture partner Chevron elects to leave the licence. The work programme, focused ...

Oryx Petroleum Announces Production and Appraisal Drilling Update for Demir Dagh Field in Kurdistan Region of Iraq
Posted On Jul 07 ,2014 - 07:31-PM | by admin

Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces a production and drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan...

UK oil and gas reserves updated estimates
Posted On Jul 07 ,2014 - 07:17-PM | by admin

Department of Energy & Climate Change (DECC) published its annual updated estimates of UK oil and gas reserves DECC estimates which show UK oil and gas reserves and resources are in the range of 11...

AOC agrees to acquire Hanjin Group's stake in S-Oil
Posted On Jul 07 ,2014 - 07:53-PM | by admin

Aramco Overseas Company B.V. (“AOC”) has agreed in principle to acquire the Hanjin Group’s (the “Group”) entire stake in S-OIL Corporation (“S-OIL”) comprising approximately 32 million s...

GDF SUEZ, acquires Lend Lease’s UK FM assets
Posted On Jul 07 ,2014 - 07:33-AM | by admin

GDF SUEZ through its Cofely subsidiary has completed the purchase(2) of Lend Lease Group’s UK facilities management (FM) business (LLFM). This acquisition will make Cofely one of the UK’s large...

Dragon Oil issues Baragatan Exploration Well Update
Posted On Jul 07 ,2014 - 07:28-AM | by admin

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, advises that Nido Petroleum Philippines Limited (ASX: NDO) ("Nido"), Dragon Oil's partner in...

Nido Petroleum announces Baragatan-1A well update
Posted On Jul 07 ,2014 - 07:30-AM | by admin

Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Limited wishes to advise that the Baragatan-1A ...

North Sea oilfield redevelopment to be sealed by Roxtec
Posted On Jul 07 ,2014 - 07:40-AM | by admin

Cable and pipe seal manufacturer Roxtec has won a major contract to supply one of the largest and deepest oil sea developments in the North Sea. Roxtec's UK and Korean operations are working with g...

Oilex restarts fracture stimulation operations
Posted On Jul 07 ,2014 - 07:48-AM | by admin

Oilex Ltd (ASX: OEX, AIM: OEX) announced that Fracture Stimulation Operations (Frac Ops) have recommenced following repairs to the frac tree. As a precaution, mobilisation of a spare frac tree has c...

Fastnet Oil & Gas plc provides operational update
Posted On Jul 07 ,2014 - 07:12-AM | by admin

Fastnet (AIM: FAST, ESM: FOI), the UK and Irish listed E&P company focussed on near term exploration and appraisal acreage in Morocco and the Celtic Sea, is pleased to announce that its wholly owned s...

Mosman announce Petroleum Creek Project Weekly Drilling Update
Posted On Jul 07 ,2014 - 07:51-AM | by admin

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, advises on the latest progress on its drilling programme at the Petroleum Creek Project, N...

Faroe announces Butch South West exploration well results
Posted On Jul 07 ,2014 - 07:47-AM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilli...

Aker Advantage recruitment agency used to ease MMO overcapacity
Posted On Jul 07 ,2014 - 07:28-AM | by admin

Aker Solutions is transferring employees to a new subsea engineering hub in Stavanger and using the Aker Advantage recruitment agency to find work for more than 200 employees impacted by the slowdown ...

Xcite enters into a Memorandum of Understanding ("MOU") with Aibel AS
Posted On Jul 04 ,2014 - 07:59-AM | by admin

Xcite Energy (TSX VENTURE: XEL) (LSE: XEL) (AIM: XEL) announces that its 100% subsidiary, Xcite Energy Resources Limited ("XER"), has entered into a Memorandum of Understanding ("MOU") with Aibel AS (...

Lundin sells an additional 15 percent interest in PL359
Posted On Jul 04 ,2014 - 07:41-AM | by admin

Lundin Petroleum AB (TSX: LUP)(OMX: LUPE) (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) announced that it has entered into an agreement to sell an additional...

BGS maps help understand relationship between groundwater and fracking.
Posted On Jul 04 ,2014 - 07:43-AM | by admin

The British Geological Survey (BGS) in partnership with The Environment Agency (EA) have today, for the first time, published a series of maps which show the depth to each shale gas and oil source roc...

Mosman Oil & Gas confirms Petroleum Creek discovery
Posted On Jul 04 ,2014 - 07:19-AM | by admin

Mosman Oil & Gas, the New Zealand and Australia focussed oil exploration and development company, has announced an update on its Petroleum Creek Project, onshore New Zealand. As previously reporte...

New hydrocarbons discovery in the Teak field, offshore Trinidad and Tobago
Posted On Jul 04 ,2014 - 07:42-AM | by admin

Repsol has made a new hydrocarbons discovery in the Teak field, offshore Trinidad and Tobago, in the TSP block east of the island of Trinidad. The find in the TB14 well has upgraded the northern po...

New facility in Jebel Ali Free Zone,UAE for GE Oil & Gas
Posted On Jul 04 ,2014 - 07:41-AM | by admin

GE Oil & Gas (NYSE: GE) celebrated the ground-breaking of a new facility that will further expand its presence in the UAE in Jebel Ali Free Zone (Jafza). Scheduled to open in 2015, the new facility...

PetroNeft announces completion of Licence 61 Farmout
Posted On Jul 04 ,2014 - 07:07-AM | by admin

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, announced the completion of the Licence 61 Farmout to Oil India Limited ("OIL")....

Chariot Oil & Gas issues resource update in Rabat Deep Offshore, Morocco
Posted On Jul 04 ,2014 - 07:34-AM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Lt...

Songa Offshore SE announce June 2014 fleet update
Posted On Jul 04 ,2014 - 07:45-AM | by admin

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Statoil in Norway. Songa Delta achieved an operational efficiency of 100% and an e...

Technip awarded contract by Total E&P UK
Posted On Jul 04 ,2014 - 07:33-AM | by admin

Technip was awarded a contract by Total E&P UK for the Edradour Subsea Development, located approximately 75 kilometers North West of the Shetland Islands, in approximately 300 meters of water. Tec...

UK became a net importer of petroleum products in 2013
Posted On Jul 03 ,2014 - 07:22-PM | by admin

Fossil fuels (petroleum and other liquids, natural gas, and coal) account for most of the United Kingdom's (UK) energy consumption. Although renewable energy use is growing, particularly in the electr...

High Performance Computing System for Industrial Oil and Gas activities now operational at ENI
Posted On Jul 03 ,2014 - 07:33-AM | by admin

Eni has put into operation its second major HPC system. The new supercomputer has an innovative approach based on the usage of accelerators to implement a so called “hybrid cluster architecture‘. ...

100% NEXBTL renewable diesel to reduce the carbon footprint of this year's Flow Festival
Posted On Jul 03 ,2014 - 07:47-AM | by admin

Neste Oil is supporting the environmental goals of this year's Flow Festival in Helsinki by supplying 100% NEXBTL renewable diesel to generate electricity for the event. Thanks to NEXBTL diesel produc...

Goudron Well GY-666 drilled to a total depth of 3,357 feet
Posted On Jul 03 ,2014 - 07:35-AM | by admin

Leni Gas & Oil PLC announces that well GY-666 has been successfully drilled to a total depth of 3,357 feet measured depth and that analysis of the electric logs has indicated the presence of a total o...

Getech Group signs contract for delivery of its US gravity dataset
Posted On Jul 03 ,2014 - 07:58-AM | by admin

Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, announces it has won a new contract with a total ...

Block 22/12b, Central North Sea, Update issued by Enegi Oil
Posted On Jul 03 ,2014 - 07:42-AM | by admin

Enegi Oil Plc, the independent Oil and Gas Company, today provides the following update on Block 22/12b in the Central North Sea which contains the Phoenix Discovery (the "Phoenix Field"). The wo...

Offshore Malta Update issued by Mediterranean Oil & Gas
Posted On Jul 03 ,2014 - 07:20-AM | by admin

Mediterranean Oil & Gas Plc has received formal notification from Phoenicia Energy Company Ltd (a wholly owned subsidiary of Genel Energy plc), the operator of the Area 4 licence offshore Malta (MOG 2...

Regulatory Approval Received for Acquisition of Caracal by Glencore
Posted On Jul 03 ,2014 - 07:37-AM | by admin

Caracal Energy Inc. ("Caracal" or the "Company") (LSE:CRCL) announced that Glencore plc ("Glencore") has received Investment Canada Act approval in connection with the plan of arrangement to effect th...

Total acquires a 60% interest in Glenlivet
Posted On Jul 03 ,2014 - 07:25-AM | by admin

Total, together with its partner DONG, has decided to launch the development of the Edradour gas field in the West of Shetland area, and has in addition acquired a 60% interest in the neighboring Gle...

Oil discovery in Barents Sea, offshore Norway
Posted On Jul 03 ,2014 - 07:39-AM | by admin

Tullow Oil plc (“Tullow”) announces that the Hanssen wildcat well, in production licence 537, offshore Norway, has encountered a 20-25 metre oil bearing sandstone with good reservoir properties in...

TopPlayerz Limited successfully completes first Amnesty JAMB training programme in Nigeria
Posted On Jul 02 ,2014 - 07:58-PM | by admin

TopPlayerz a multidisciplinary organisation that has full and tested competence in delivering knowledge management to persons in various segments. Our specialty includes training, seminars, workshops ...

Total in Exclusive Talks with UGI Corporation, Parent Company of Antargaz, to Sell Totalgaz
Posted On Jul 02 ,2014 - 07:15-PM | by admin

Total today announced that it has entered into exclusive negotiations with UGI Corporation*, the parent company of Antargaz, after having received a firm offer from the U.S. company to acquire all out...

Gas Discovery at Toro
Posted On Jul 02 ,2014 - 07:14-AM | by admin

Woodside advises that the Toro-1 exploration well in permit WA-430-P has intersected approximately 150 metres gross gas and 65 metres net gas within the Mungaroo Formation target. The well reached ...

Salamander announces the spud of the North Kendang-2 exploration well
Posted On Jul 02 ,2014 - 07:40-AM | by admin

Salamander announces the spud of the North Kendang-2 exploration well (“NK-2”), a re-drill of the North Kendang-1 (“NK-1”) well in the South East Sangatta PSC. Salamander has a 75% operated in...

CGG Opens Myanmar Subsurface Imaging Center
Posted On Jul 02 ,2014 - 07:47-AM | by admin

CGG announced today its recent inauguration of an open subsurface imaging center in Yangon to service and support anticipated growth in Myanmar’s oil and gas exploration sector. The new center is th...

Northern Petroleum announce Canadian operations and production update
Posted On Jul 02 ,2014 - 07:36-AM | by admin

Northern Petroleum, the AIM quoted oil company focusing on production led growth, provides the following operations and production update on the Virgo redevelopment project in north west Alberta, Cana...

Kvaerner and China Offshore Oil Engineering Co. Ltd (COOEC) have established an Engineering Joint Venture
Posted On Jul 02 ,2014 - 07:00-AM | by admin

Kvaerner COOEC Engineering & Technology Ltd (KCET), located in Qingdao, Shandong, China. KCET is established to carry out and further develop joint engineering capability for international EPC project...

Premier says First gas achieved under the Domestic Swap Agreement, Indonesia
Posted On Jul 02 ,2014 - 07:49-AM | by admin

Premier Oil plc announce that first gas under the Domestic Swap Agreement (DSA) commenced on 1 July 2014. Premier will supply up to an additional 40 BBtud (gross) from its operated Natuna Sea Block A...

Tethys Petroleum announce Kazakhstan Gas Well Testing Programme Results
Posted On Jul 02 ,2014 - 07:27-AM | by admin

Tethys Petroleum Limited ("Tethys") (TSX:TPL)(LSE:TPL) announce the test results from AKK17, AKK18, AKK19 and AKK20; the first four shallow gas exploration wells of its 2014 programme. The AKK17, ...

Oilex announce Cambay-77H Well -Fracture Stimulation Operations Update
Posted On Jul 02 ,2014 - 07:03-AM | by admin

Oilex Ltd (ASX: OEX, AIM: OEX) announce that Stage 1 fracture stimulation (frac) has been successfully completed. Subsequently, Cambay-77H started unaided flowback with indications of gas at surface...

Mosman Oil and Gas announce acquisition of Trident Energy Limited
Posted On Jul 02 ,2014 - 07:55-AM | by admin

Mosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, has entered into a binding Bid Implementation Agreement ("BIA") pursuant to whic...

Tullow Oil plc issues summary of recent operational activities
Posted On Jul 02 ,2014 - 07:07-AM | by admin

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 30 June 2014. This is in advance of the Gro...

Saudi Aramco joins the speaker panel for Corrosion Under Insulation Forum
Posted On Jul 02 ,2014 - 07:57-AM | by admin

Ali Morshed, Corrosion Engineering Specialist at Saudi Aramco will share his expertise at the Corrosion Under Insulation Forum. Assets in offshore oil and gas operations are most vulnerable to corr...

ExxonMobil Announces Antwerp Refinery Investment of More Than $1 Billion
Posted On Jul 02 ,2014 - 07:06-AM | by admin

ExxonMobil affiliate Esso Belgium, a division of ExxonMobil Petroleum & Chemical B.V.B.A., announced today it plans to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher...

Pre-salt production breaks new record and surpasses 500 thousand barrels of oil per day
Posted On Jul 02 ,2014 - 07:03-AM | by admin

Petrobras announces that oil production in the fields operated by Petrobras in the Santos and Campos Basins pre-salt areas has exceeded 500 thousand barrels per day (bpd) – reaching 520 thousand bpd...

Anadarko Announces Pricing of $1.25 Billion of Senior Notes
Posted On Jul 02 ,2014 - 07:51-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced it has priced its registered public offering of $1.25 billion aggregate principal amount of senior notes comprised of $625 million 3.450-perc...

Petrobras’ May oil production in Brazil up 2.2%
Posted On Jul 02 ,2014 - 07:45-AM | by admin

Petrobras announces that its May oil production in Brazil averaged 1,975 thousand barrels/day (bpd), up 2.2% from April’s production of 1,933 thousand bpd. Including the production operated by Petr...

Palomar Natural Resources to Develop the Siekierki and Rawicz Gas Fields
Posted On Jul 01 ,2014 - 07:10-PM | by admin

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, is delighted to announce that it has signed a joint venture agreement with Palomar Natural Resour...

Regal Petroleum issues Ukraine Update
Posted On Jul 01 ,2014 - 07:20-PM | by admin

Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, announce an update of operational activities at its 100% owned and operated Mekhediviska-Golotvshinska (MEX...

Study Prepared by Neste Jacobs Supports the Establishment of Arctic Environmental Protection Centre in Finland
Posted On Jul 01 ,2014 - 07:40-PM | by admin

Technology, engineering and project management company Neste Jacobs recommends, on the basis of the evaluation the company carried out, the establishment of Arctic Environmental Protection Centre in F...

Encana reaches agreement with Jupiter Resources
Posted On Jul 01 ,2014 - 07:48-PM | by admin

Encana has reached an agreement with Calgary, Alberta-based Jupiter Resources to sell its Bighorn assets for approximately US$1.8 billion (C$2.0 billion). "This transaction advances our strategy by...

Serinus Energy issues update on its operations in Ukraine
Posted On Jul 01 ,2014 - 07:17-PM | by admin

Serinus Energy Inc. (“Serinus”, “SEN” or the “Company”) (TSX:SEN, WSE:SEN), announces an update on its operations in Ukraine. Due to a deteriorating security situation, the Company has ...

Apache completes sale of Lucius and Heidelberg development
Posted On Jul 01 ,2014 - 07:17-PM | by admin

Apache Corporation (NYSE, Nasdaq: APA) announced that it has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects and 11 primary term de...

Turkmenistan President receives Eni CEO
Posted On Jul 01 ,2014 - 07:56-PM | by admin

Turkmenistan's President Gurbanguly Berdimuhammedov received Eni CEO Claudio Descalzi to discuss Eni's presence and operations in the Country and opportunities for future cooperation. The President...

Dudgeon Offshore Wind Farm gets green light
Posted On Jul 01 ,2014 - 07:55-PM | by admin

Statoil and Statkraft have decided to start building the Dudgeon Offshore Wind Farm off the coast of Norfolk, UK. The project aims for full production in late 2017. When completed, Dudgeon will pro...

Max Petroleum announce commissioning of pipeline and terminal facility
Posted On Jul 01 ,2014 - 07:59-AM | by admin

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces that in June it commissioned a new oil pipeline, and associated Makat oil terminal facility, connecting its Zhana Makat field...

PetroNeft Resources issue update on licence 61 farmout
Posted On Jul 01 ,2014 - 07:13-AM | by admin

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on the Licence 61 Farmout to Oil India Limited. ...

SEPLAT Petroleum Development Company issues Interim Management Statement
Posted On Jul 01 ,2014 - 07:30-AM | by admin

Seplat Petroleum Development Company plc (“Seplat” or the “Company”), a leading Nigerian indigenous oil and gas company, listed on both the NSE and LSE, today announces its Interim Managemen...

Lekoil annouce directorate change
Posted On Jul 01 ,2014 - 07:11-AM | by admin

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces that Non-Executive Director Mr Atedo Peterside has notified the Company of his...

Africa Oilfield Logistics Limited give Trading Update
Posted On Jul 01 ,2014 - 07:05-AM | by admin

Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, announce a positive trading update from the Company's primary investment, Ardan Risk & Support Se...

First Extended Well Test gets underway at Iara with excellent results
Posted On Jul 01 ,2014 - 07:52-AM | by admin

Petrobras announces that the Extended Well Test (EWT) in the evaluation area known as Iara started-up on June 21, in block BM-S-11, some 300 km off the coast and at a water depth of approximately 2,20...

3rd Annual LatAm HSSE in Energy
Posted On Jul 01 ,2014 - 07:09-AM | by admin

Work-generated illnesses, injuries and deaths are often seen as an unintended consequences. With 2 million occupational accidents occurring in Latin America, there is no better time than now to involv...

3rd Annual Plant Reliability & Major Maintenance
Posted On Jul 01 ,2014 - 07:52-AM | by admin

The 3rd Annual Plant Reliability & Major Maintenance Summit will talk about the importance of implementing initiatives that will help companies improve the way they operate and manage their risks. Mov...

Premier Oil plc issues disposal programme update
Posted On Jul 01 ,2014 - 07:34-AM | by admin

Premier announce that it has sold its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for a cash consideration of $130 million. MOL will assume the liabilities...

Sale of Block A Aceh, onshore Indonesia
Posted On Jul 01 ,2014 - 07:31-AM | by admin

Premier Oil plc announced the sale of its wholly owned subsidiary Premier Oil Sumatra North BV (POSN) to KrisEnergy Asia Holdings B.V. POSN holds a non-operated 41.67 per cent equity interest in Block...

Noble Energy Announces Letter Of Intent For Leviathan Export
Posted On Jun 30 ,2014 - 06:36-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced the execution of a non-binding Letter of Intent (LOI) between the Leviathan field partners and BG International Limited (BG) for the supply of natural ga...

Technip-DeepOcean PRS joint venture awarded frame agreement by Statoil
Posted On Jun 30 ,2014 - 06:41-AM | by admin

The Technip-DeepOcean PRS Joint Venture (JV) was awarded by Statoil ASA a new frame agreement for Pipeline Repair System* (PRS) Pool services. Starting on December 1st, 2014, the agreement will have a...

Technip wins program management consultancy contract for the RAPID project
Posted On Jun 30 ,2014 - 06:23-AM | by admin

Technip, leader of a joint venture with Fluor, was awarded a substantial(1) Program Management Consultancy (PMC) contract by PETRONAS for the Refinery and Petrochemical Integrated Development (RAPID) ...

Aker Solutions Wins Five-Year Contract From Statoil for Mariner Project
Posted On Jun 30 ,2014 - 06:17-AM | by admin

Aker Solutions secured a contract from Statoil to provide maintenance and modifications services for the Mariner oilfield development in the UK North Sea. The five-year framework agreement also has...

Neste Oil to change its organization and the composition of the Neste Executive Board
Posted On Jun 18 ,2014 - 06:14-PM | by admin

Neste Oil is to change its structure and organization, in response to developments that have taken place in its businesses and operating environment in recent years. "Neste Oil has changed rapidly ...

Total and Amyris Renewable Jet Fuel Ready for Use in Commercial Aviation
Posted On Jun 18 ,2014 - 06:53-PM | by admin

Renewable jet fuel developed by Total & Amyris meets newly updated ASTM Standard for Jet A/A1 With the newly revised ASTM standard for jet fuel, Amyris (Nasdaq: AMRS) and Total (CAC: TOTF.PA) toda...

ExxonMobil Receives Excellence Award for Technical Development at World Petroleum Congress
Posted On Jun 18 ,2014 - 06:50-PM | by admin

Industry leadership in producing liquefied natural gas (LNG) earned Exxon Mobil Corporation (NYSE:XOM) an Excellence Award today at the World Petroleum Congress in Moscow. ExxonMobil received the E...

SCDM Energie Adopts Paradigm SeisEarth for Seismic Interpretation and Visualization
Posted On Jun 18 ,2014 - 06:40-PM | by admin

Multi-survey solution selected for its high interactivity, ease-of-use and advanced interpretation tools Paradigm® announced that SCDM Energie has adopted Paradigm SeisEarth® as part of its corp...

Noble Energy Announces Deepwater Gulf Of Mexico Acreage Addition And Participation In New Exploration Prospect
Posted On Jun 18 ,2014 - 06:34-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that it has reached an agreement with BP Exploration & Production Inc. to acquire 50 percent of BP's interest in 17 deepwater exploration leases in the G...

Eni 2014 Award
Posted On Jun 18 ,2014 - 06:08-PM | by admin

The award ceremony for the Eni Award 2014 edition was held today at the Quirinale and attended by the President of the Italian Republic, Giorgio Napolitano, the Chairman of Eni, Emma Marcegaglia and t...

Statoil awards Mariner helicopter contract to CHC UK
Posted On Jun 18 ,2014 - 06:52-PM | by admin

Statoil (U.K.) Limited has awarded the helicopter transportation contract for the Mariner field to CHC Helicopter in the UK. The contract calls for CHC to operate two Sikorsky S-92 aircraft on beha...

Statoil makes another high-impact gas discovery offshore Tanzania
Posted On Jun 18 ,2014 - 06:48-PM | by admin

The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional two to ...

Neste Oil has successfully tested using recycled oil as a traffic fuel feedstock
Posted On Jun 18 ,2014 - 06:21-PM | by admin

Neste Oil recently produced its first batch of traffic fuel from recycled lubricants. Following treatment, spent lubricating oil can be reused as a feedstock for producing gasoline and diesel fuel. Ne...

Chevron Announces Sale of Interests in Chad and Cameroon
Posted On Jun 18 ,2014 - 06:49-PM | by admin

Chevron Corporation (NYSE: CVX) announced that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil concession in southern Chad and the related ...

Drilling is underway in the Oi-2 well in Petroleum Mining Permit 38158
Posted On Jun 13 ,2014 - 06:44-PM | by admin

Drilling operations began at 5.30 this morning New Zealand time. The current operation is drilling ahead with a 36 inch drill to 228 metres. Oi is about 37 kilometres off the coast of Taranaki, New...

Tower announces Welwitschia-1A Drilling Update
Posted On Jun 13 ,2014 - 06:41-AM | by admin

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited...

EnQuest acquires operated interest in the producing Seligi oil field and PM8 PSC in Malaysia
Posted On Jun 13 ,2014 - 06:42-AM | by admin

EnQuest PLC, through its wholly owned subsidiary EQ Petroleum Production Malaysia Ltd, (“EnQuest” or the “Company”) is pleased to announce the agreement to acquire ExxonMobil Exploration and P...

Nexus Energy Limited (ASX: NXS) placed in voluntary administration
Posted On Jun 13 ,2014 - 06:20-AM | by admin

Independent restructuring and corporate advisory firm McGrathNicol announce today that Partners Matthew Caddy, Tony McGrath and Jason Preston have been appointed joint and several Voluntary Administra...

Union Jack Oil announce £1.4 million Placing
Posted On Jun 13 ,2014 - 06:32-AM | by admin

The Directors of Union Jack Oil plc (UJO: AIM), are pleased to announce that the Company has raised £1.4 million (before expenses) through a placing (the "Placing") of 560,284,640 new ordinary shares...

Tullow refinances it s Norwegian exploration loan facility
Posted On Jun 13 ,2014 - 06:12-AM | by admin

Tullow Oil plc (Tullow) is pleased to announce that it has refinanced its NOK 2 billion (ca. $330 million) Norwegian exploration loan facility and that it has successfully increased the size of the fa...

The CLOV deepwater development comes on stream in Angola
Posted On Jun 13 ,2014 - 06:38-AM | by admin

The large CLOV field in Block 17 offshore Angola came on stream on June 12 in line with the initial project schedule. Statoil has a 23.33% interest in Block 17, which is operated by Total (40%). Th...

Oryx Petroleum Announces Spudding of Banan-2 Appraisal well in the Hawler License Area in the Kurdistan Region of Iraq
Posted On Jun 12 ,2014 - 06:00-PM | by admin

Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces that the Banan-2 appraisal well (“BAN-2”) has been spudded in the Hawler license area in the Kurd...

Eni signs a strategic agreement with KazMunayGas
Posted On Jun 12 ,2014 - 06:04-PM | by admin

In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman of the Management Board, Sauat Mynbaye...

Noble Energy Announces Plans To Form Marcellus Midstream MLP
Posted On Jun 12 ,2014 - 06:53-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that it and CONSOL Energy Inc. have submitted a confidential draft Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission rela...

Total increases Block 17 production to 700,000 barrels per day in Angola
Posted On Jun 12 ,2014 - 06:02-AM | by admin

Total, operator of Block 17 in Angola, today started up CLOV, a major deep offshore development located 140 kilometers offshore Luanda, in line with the initial project schedule. With a production cap...

Cap Energy announce disposal by Employee Benefit Trust
Posted On Jun 12 ,2014 - 06:25-AM | by admin

Cap Energy PLC, a company listed on the ISDX Growth Market focused on the exploration, production, and development of oil and gas in sub-Saharan Africa, announces that on 6 June 2014 Cap Energy T...

Sound Oil plc announce Laura Gas Discovery - Permit Award
Posted On Jun 12 ,2014 - 06:39-AM | by admin

Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce that it has received the formal award of the D.R74.AP Permit (previously the D150DR-CS Permit) from...

Enegi Oil Plc says MoU agreed with Wood Group PSN for investment into the marginal field initiative
Posted On Jun 12 ,2014 - 06:19-AM | by admin

Enegi, the independent oil and gas company, announced the execution of a non-binding Memorandum of Understanding ("MoU") between ABT Oil and Gas Ltd. ("ABTOG", the marginal field development venture i...

Premier Oil announce UK Government approval of Catcher
Posted On Jun 12 ,2014 - 06:41-AM | by admin

Premier Oil plc (Premier) is pleased to announce that it has received approval of its Catcher area Field Development Plan (FDP) from the UK Department of Energy and Climate Change. The Premier-ope...

Victoria Oil & Gas announce Genset Connections and Thermal Update, Cameroon
Posted On Jun 12 ,2014 - 06:20-AM | by admin

Highlights Completion of first phase of gas-power supply in Douala, Cameroon · Three electricity generation sets ("Genset") units now online at Guinness Brewery · These are in addition...

Leni issues Goudron drilling update
Posted On Jun 11 ,2014 - 06:34-PM | by admin

Leni Gas & Oil plc confirmed that well GY-665 has been cased to a depth of 2,736 feet and that petrophysical analysis of the electric logs run to total depth have indicated the presence of a total of...

LUKOIL Granted the right to recover costs and receive remuneration at West Qurna-2
Posted On Jun 11 ,2014 - 06:22-PM | by admin

LUKOIL Overseas (the Operator of LUKOIL's overseas upstream projects) has informed Iraq’s Ministry of Oil that it has fulfilled its contractual obligations for first commercial production at West Qu...

OPEC 165th Meeting concludes
Posted On Jun 11 ,2014 - 06:25-PM | by admin

The 165th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Vienna, Austria, on 11 June 2014 under the Chairmanship of its President, HE Omar Ali El...

Getech Group announce new contract worth $2m
Posted On Jun 11 ,2014 - 06:55-AM | by admin

Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, announces it has won a major new contract with a ...

Alkane comments on completion of transfer of onshore shale gas business
Posted On Jun 11 ,2014 - 06:08-AM | by admin

Alkane Energy plc (AIM: ALK), is pleased to note the announcement made today by Egdon Resources Plc ("Egdon") in which Egdon stated that it has received approval from DECC in relation to its acquisiti...

Egdon gives update on transfer of onshore shale gas business
Posted On Jun 11 ,2014 - 06:24-AM | by admin

Further to the announcement of 5 June 2014, Egdon wishes to notify that it has now obtained consent from DECC for the transfer of licences from Alkane. As a consequence, admission of the new ordinary...

EIA's U.S. Energy Mapping System is now accessible on all mobile devices
Posted On Jun 11 ,2014 - 06:11-AM | by admin

With the 2014 hurricane season now underway, the U.S. Energy Information Administration (EIA) is making it possible for the public to track from all types of mobile devices and tablets the power plant...

SOCO and WWF agree way forward on future activity in Virunga National Park (DRC)
Posted On Jun 11 ,2014 - 06:13-AM | by admin

SOCO International plc (SOCO) has agreed with WWF in a joint statement to commit not to undertake or commission any exploratory or other drilling within Virunga National Park unless UNESCO and the DRC...

Election to Statoil's board of directors
Posted On Jun 10 ,2014 - 06:45-PM | by admin

In a meeting in the Corporate Assembly of Statoil ASA (OSE:STL, NYSE:STO) 10 June Svein Rennemo was re-elected as chair and Grace Reksten Skaugen as deputy chair of the board of directors. Bjørn Tor...

Royal Dutch Shell plc first quarter 2014 Euro and GBP equivalent dividend payments
Posted On Jun 10 ,2014 - 06:32-PM | by admin

The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2014 interim dividend, which was announced on A...

Max Petroleum announce drilling update
Posted On Jun 10 ,2014 - 06:32-PM | by admin

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced that the ZMA-E7 development well in the Zhana Makat Field has successfully reached a total vertica...

Circle Oil issues operating update on Tunisia
Posted On Jun 10 ,2014 - 06:08-PM | by admin

Mahdia Permit - Exploration Well El Mediouni-1 (EMD-1) Circle Oil Plc (AIM: COP), the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to anno...

Kentz Awarded US$125m Contract at Qatargas LNG Plant
Posted On Jun 10 ,2014 - 06:45-PM | by admin

Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, is pleased to announce the award by Qatargas Operating Company Limited ("Qatargas") for the ...

Eni acquires a 40% interest and operatorship in an offshore exploration block off South Africa's east coast from Sasol
Posted On Jun 10 ,2014 - 06:23-PM | by admin

Eni has concluded an agreement with Sasol Petroleum International, the upstream O&G subsidiary of Sasol Limited, to acquire a 40% interest and Operatorship in the Exploration Right permit 236 (ER236)...

Swala Oil and Gas (Tanzania) Plc Announces Launch of Initial Public Offer Prospectus (“IPO”)
Posted On Jun 09 ,2014 - 06:17-PM | by admin

Swala Oil and Gas (Tanzania) Plc today announced the launch of its Initial Public Offer Prospectus (“IPO”) of 9,600,000 ordinary shares. The company will be selling each share at the price of Tanz...

Baker Hughes Announces May 2014 Rig Counts
Posted On Jun 06 ,2014 - 06:54-AM | by admin

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for May 2014 was 1,350, up 1 from the 1,349 counted in April 2014, and up 67 from the 1,283 counted in May 2013. ...

Soma Oil & Gas announce completion of the 2D Seismic Acquisition Programme
Posted On Jun 06 ,2014 - 06:30-AM | by admin

Soma Oil & Gas Exploration Limited, the Somalia focused oil and gas exploration company, is pleased to announce the completion of its offshore seismic acquisition programme which commenced in February...

Mosman Oil and Gas announces Petroleum Creek drilling has Commenced
Posted On Jun 06 ,2014 - 06:10-AM | by admin

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, announces that drilling has started (spudded) today, on the first of its three planned wel...

Chariot Oil & Gas issues AGM statement and Operational Update
Posted On Jun 06 ,2014 - 06:31-AM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margin focused oil and gas exploration company, held its Annual General Meeting at The Priestly Room, The Chemistry Centre, Burlington House, Piccad...

Salamander Energy agrees to Sell 40% Stake in Greater Bualuang Area
Posted On Jun 06 ,2014 - 06:37-AM | by admin

Non-Binding Heads of Agreement ("HoA") with SONA Petroleum Berhad ("SONA") Salamander announced that it has signed a non-binding HoA with SONA to sell an effective 40% working interest in both the B8...

Contract extension for BW Athena
Posted On Jun 06 ,2014 - 06:13-AM | by admin

BW Offshore has received a contract extension for the FPSO BW Athena with Ithaca Energy. The primary term of the contract expires in Q2 2015, and Itacha Energy has exercised the option for a secondary...

RWE Dea celebrates 30-year anniversary of oil production in the Egyptian Gulf of Suez
Posted On Jun 05 ,2014 - 06:42-PM | by admin

RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million barrels of crude during these three decades. Ongoing investments in modern technology and in...

Europe’s Gas Industry Leaders to Debate Ongoing Security of Supply Headaches at Major City of London Summit
Posted On Jun 05 ,2014 - 06:23-PM | by admin

European energy industry leaders are due to attend and debate the future for European natural gas at a major summit this October, being held in St Paul’s, central London. With the Russian-Ukrainian ...

Eni signs strategic agreements for Perla super-giant field in Venezuela
Posted On Jun 04 ,2014 - 06:59-PM | by admin

The Minister of Petroleum and Mines of Venezuela and President of PDVSA, Rafael Ramírez, Eni's CEO, Claudio Descalzi, and Repsol's President, Antonio Brufau, signed strategic agreements concerning th...

Paradigm to Showcase New and Enhanced Technologies at EAGE 2014
Posted On Jun 04 ,2014 - 06:44-PM | by admin

Paradigm® will showcase the new and enhanced technologies included in its Paradigm 14 Release at the 2014 European Association of Geoscientists and Engineers (EAGE) Annual Conference and Exhibition ...

Esrey announces amendment to Farm-In agreement in Papua New Guinea with Heritage Oil PLC
Posted On Jun 04 ,2014 - 06:35-PM | by admin

Esrey Energy Ltd. ("Esrey" or the "Company") (TSX Venture - EEL) is pleased to announce that its subsidiaries, Telemu No. 18 Limited ("Telemu"), LNG Energy (PNG) Limited and LNG Energy No. 2 Limited, ...

Rice Energy Announces Utica Shale Well Results
Posted On Jun 04 ,2014 - 06:14-PM | by admin

Rice Energy Inc. (NYSE: RICE) today reported that it has successfully tested the company's first Utica Shale well in central Belmont County, Ohio. In addition, Rice has strategically added to its firm...

GDF SUEZ E&P UK announce Southern North Sea gas discovery
Posted On Jun 04 ,2014 - 06:39-PM | by admin

GDF SUEZ E&P UK Ltd announced a new gas discovery in the UK Southern North Sea (SNS). The Cepheus 44/12a-6 exploration well encountered a gas column within the Permian Lower Leman Sandstone which was...

Continental Resources Announces Redemption Of 8 1/4 % Senior Notes Due 2019
Posted On Jun 04 ,2014 - 06:24-PM | by admin

Continental Resources, Inc. (NYSE: CLR) announced that it will redeem all of its outstanding 8 ¼% Senior Notes due October 1, 2019 (the "2019 Notes") on July 11, 2014, the redemption date. The re...

Union Jack Oil confirms significant shale oil and gas potential in UK
Posted On Jun 04 ,2014 - 06:13-PM | by admin

Union Jack Oil plc (UJO: AIM), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector, announce potentia...

Marathon Oil Announces $2.7 Billion Sale of Norway Business
Posted On Jun 04 ,2014 - 06:23-PM | by admin

Marathon Oil Corporation (NYSE: MRO) announced today that it has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil's wholly owned su...

Goodrich Petroleum announces Tuscaloosa Marine Shale ("TMS") Well Result
Posted On Jun 04 ,2014 - 06:51-PM | by admin

Goodrich Petroleum Corporation (NYSE: GDP) announced the completion of its C.H. Lewis 30-19H-1 (81.4% WI) well in Amite County, Mississippi. The well has achieved a peak 24-hour average production rat...

Bolstered by new loading systems Gullfaks is targeting 2040 says Statoil
Posted On Jun 04 ,2014 - 06:13-AM | by admin

Installing new loading buoys is one of several projects intended to extend Gullfaks’ life towards 2040. 2.55 billion barrels of oil from the Gullfaks field have passed through the existing loading b...

Global Gas Industry Experts To Congregate in Turkey
Posted On Jun 04 ,2014 - 06:46-AM | by admin

Global Gas Opportunities Summit will see global oil and gas experts congregate to discuss latest industry developments and address various challenges pertaining to the gas industry. Natural gas dem...

Premier Oil issues exploration drilling update
Posted On Jun 04 ,2014 - 06:38-AM | by admin

Indonesia Singa Laut - wet gas discovered Premier is pleased to announce that the Singa Laut-1 well in Tuna PSC (Premier operator, 65 per cent) offshore Indonesia has penetrated 177 feet of net gas-...

Victoria Oil & Gas announce Gensets Installed and Connected in Cameroon
Posted On Jun 04 ,2014 - 06:10-AM | by admin

Victoria Oil & Gas Plc, the emerging African energy utility company, today announces that its operating subsidiary, Gaz du Cameroun S.A. ("GDC"), has connected 3 gas fired Gensets at 3 customer sites ...

Ophir Energy announce Taachui gas discovery
Posted On Jun 04 ,2014 - 06:48-AM | by admin

Ophir Energy plc ("Ophir" or "the Company") announces the successful results of the Taachui-1 & subsequent Taachui-1 ST1 well in Block 1, Tanzania which has resulted in a new gas discovery. Ophir hold...

Paradigm Oil and Gas Acquires 50 New Oil Wells in Texas
Posted On Jun 03 ,2014 - 06:18-PM | by admin

Paradigm Oil and Gas, Inc. (OTC Pink: PDGO) (PINKSHEETS: PDGO), a leading service provider to the oil and gas industry with expanding operations in oil and gas production, today announced the addition...

Magellan Announces Plans for Two UK Wells in 2014
Posted On Jun 03 ,2014 - 06:13-PM | by admin

Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company") today announced plans for two exploration wells to be drilled during 2014 within the Company's license areas in the UK. The ...

American Power Group Receives Order for New Fracturing Rig Customer
Posted On Jun 03 ,2014 - 06:36-PM | by admin

American Power Group Corporation (OTCQB: APGI) announced their subsidiary, American Power Group Inc. ("APG"), has received an order valued between $400,000 to $500,000 to upgrade and convert twelve hi...

Angola conference focuses on the importance of health and safety in industry
Posted On Jun 03 ,2014 - 06:57-PM | by admin

Leading experts in health and safety gather to address the growing importance for a strong HSSE framework for industries in Angola Keeping in focus the importance of health, safety, security and en...

Award of First Oil and Gas Leases in Gulf of Mexico Subject to U.S.–Mexico Transboundary Hydrocarbons Agreement
Posted On Jun 03 ,2014 - 06:27-PM | by admin

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy...

AWE starts drilling Oi-1
Posted On Jun 03 ,2014 - 06:19-PM | by admin

AWE Limited (ASX: AWE), as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, advises that the semi-submersible drilling rig “Kan Tan IV” commenced drilling the Oi-1 explora...

Origin to acquire natural gas resources in Australia's highly prospective Browse Basin
Posted On Jun 03 ,2014 - 06:50-AM | by admin

Origin Energy Limited (Origin) announced it has entered into a conditional Sale and Purchase Agreement with Karoon Gas (Karoon) to acquire its entire 40 per cent interest in two exploration permits (W...

Pertamina Begins Operating Siak Block
Posted On Jun 03 ,2014 - 06:22-AM | by admin

PT Pertamina (Persero), through its subsidiary PT Pertamina Hulu Energi, officially begins operating the Siak block following the expiration of the contract between the government and Chevron Siak Ind...

JOGMEC Provides Equity Financing to JX
Posted On Jun 03 ,2014 - 06:11-AM | by admin

Japan Oil, Gas and Metals National Corporation (JOGMEC), President: Hirobumi Kawano announced that it will provide equity financing to JX Nippon Oil & Gas Exploration (Qatar) Limited, established by J...

Range enters into Integrated Master Services Agreement with LandOcean
Posted On Jun 03 ,2014 - 06:53-AM | by admin

Range is pleased to announce that, further to the announcement on 22 April 2014, the Company has entered into an Integrated Master Services Agreement with LandOcean Energy Services Co Ltd ("LandOcean"...

Tethys Petroleum issue update on Fourth Well in Kazakh Gas Campaign
Posted On Jun 03 ,2014 - 06:44-AM | by admin

Tethys (TSX:TPL)(LSE:TPL) is pleased to announce completion of drilling and logging of the AKK20 exploration well, the fourth well in its 2014 shallow gas drilling programme in Kazakhstan. The well...

Butch South West exploration well commences drilling in the Norwegian North Sea
Posted On Jun 03 ,2014 - 06:32-AM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announc...

SDRL - Seadrill secures commitment for newbuild ultra-deepwater unit West Jupiter
Posted On Jun 03 ,2014 - 06:50-AM | by admin

Seadrill Limited ("Seadrill") has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore ...

Leni Gas & Oil provide Goudron wells GY-664 Production and GY-665 Drilling Update
Posted On Jun 03 ,2014 - 06:43-AM | by admin

LGO announce that well GY-664 has been successfully brought on production at a stabilized free flowing, post-clean up, rate of 240 barrels of 37 API oil per day. The well is flowing under its own pre...

Tangiers provides TAO-1 Drilling Update
Posted On Jun 03 ,2014 - 06:04-AM | by admin

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company") is pleased to provide an update related to progress of its Moroccan operations. Fully Funded for Drilling of TAO-1 (dr...

Wood Group Kenny awarded major subsea contract for stage 2 of Shah Deniz development
Posted On Jun 03 ,2014 - 06:37-AM | by admin

Wood Group Kenny (WGK) has been awarded a £36 million call-off contract, for 2014, with BP Azerbaijan under their 2007 Global Agreement. The contract will cover engineering and project management ser...

Seplat announce Total Voting Rights and Capital
Posted On Jun 03 ,2014 - 06:49-AM | by admin

In accordance with the Financial Conduct Authority's (FCA) Disclosure and Transparency Rule 5.6.1R, Seplat Petroleum Development Company PLC ('the Company') hereby notifies the market that as of 31 M...

Tower Resources announce completion of Farm-in to Block 2B, Kenya
Posted On Jun 03 ,2014 - 06:40-AM | by admin

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, is pleased to announce the completion of its farm-in to Block 2B, onshor...

KrisEnergy completes acquisition of Thai G10/48 unit, takes over operatorship
Posted On Jun 02 ,2014 - 06:25-PM | by admin

KrisEnergy Ltd. (“KrisEnergy” or the “Company”), an independent upstream oil and gas company, refers to the announcement dated 21 May 2014 in relation to the acquisition of the entire issued a...

OMV invests EUR 500 mn in Tunisia in a project together with ETAP
Posted On Jun 02 ,2014 - 06:51-PM | by admin

Nawara project underlines Tunisia’s significant role in OMV’s portfolio. Tunisian Minister of Industry, Energy and Mines, Kamel Ben Naceur, the Chairman of the Tunisian National Oil Company ETAP, ...

Saipem awarded new Engineering & Construction and Drilling contracts worth in total $750 million
Posted On Jun 02 ,2014 - 06:39-PM | by admin

Saipem has been awarded a new Engineering & Construction contract in the Caucasus region and some new Drilling contracts in the Middle East, for a total value of approximately $750 million. In the ...

Pre-salt oil production rises 4% and sets new record in April
Posted On Jun 02 ,2014 - 06:18-AM | by admin

Petrobras announces that its oil production in Brazil in April averaged 1 million 933 thousand barrels per day (bpd), up by 0.4% from March’s production of 1 million 926 thousand bpd. Including the ...

Statoil gets final permission to begin exploration activities on the Apollo prospect in the Barents Sea
Posted On Jun 02 ,2014 - 06:30-AM | by admin

Norwegian authorities have today rejected an appeal from Greenpeace, thereby giving Statoil final permission to begin exploration activities on the Apollo prospect in the Barents Sea. The appeal co...

Total sells its 10% interest in Shah Deniz to TPAO
Posted On Jun 02 ,2014 - 06:13-AM | by admin

Total today signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company. The transaction is valued at $1.5 billion...

Shell And YanChang Petroleum Launch A Retail Joint Venture In Guangdong
Posted On May 30 ,2014 - 05:44-PM | by admin

Shell and Shaanxi Yanchang Petroleum (Group) Corp. Ltd. (YCPC) announce today that they have launched a Retail joint venture in Guangdong province, in a bid to increase Shell’s retail footprint in G...

Orca Exploration announces Q1 2014 results
Posted On May 30 ,2014 - 05:06-AM | by admin

Orca Exploration Group Inc. ("Orca" or "the Company") announces its results for the quarter ended 31 March 2014. • Orca operated its Tanzania Songo Songo gas field in the first quarter of 2014 near...

Petroceltic issues operations update for Kurdistan Region of Iraq, Romania and Egypt
Posted On May 30 ,2014 - 05:04-AM | by admin

Petroceltic International plc ("Petroceltic" or "the Company"), the independent oil and gas exploration company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, announces...

Gasol LNG Import signs Gas Supply Agreement with Volta River Authority
Posted On May 30 ,2014 - 05:25-AM | by admin

Gasol, the AIM listed gas to power company, announced that its subsidiary, Gasol LNG Import Limited ("Gasol LNG Import"), has signed a conditional long term Gas Supply Agreement (GSA) with the major ...

Shell announces LNG sales deal with Japan’s Chubu Electric
Posted On May 29 ,2014 - 05:13-AM | by admin

Shell will begin supplying liquefied natural gas (LNG) to Japan’s third largest electric company from October 2014, in a deal that reinforces Shell’s position as a key LNG supplier in the country....

Falcon announces Interim results for Three Months Ended 31 March 2014
Posted On May 29 ,2014 - 05:09-AM | by admin

Falcon Oil & Gas Ltd. announces that it has filed its results for the three months ended 31 March 2014. Highlights -- Transformational Farm-Out Agreement and Joint Operating Agreements ("the Agre...

Greenpeace activists in the hands of the police
Posted On May 29 ,2014 - 05:18-AM | by admin

The activists on board the Transocean Spitsbergen are now in the hands of Norwegian police. The rig was on its way for planned exploration drilling in the Hoop-area in the Barents Sea when Greenpeace...

Chevron Highlights 2013 Performance and Future Growth at Annual Meeting of Stockholders
Posted On May 28 ,2014 - 05:50-PM | by admin

Chevron Corporation (NYSE: CVX) today provided an overview of the company's 2013 operational and social performance and future growth plans at its 2014 Annual Meeting of Stockholders in Midland, Texas...

Eni Board of Directors approves new organisational structure
Posted On May 28 ,2014 - 05:20-PM | by admin

Eni today announces a new organisational structure, which will support the delivery of its strategy based on selective growth in the upstream sector and a turnaround in the mid-downstream segments. ...

Azonto Petroleum Limited provides Operations Update
Posted On May 28 ,2014 - 05:26-AM | by admin

Azonto is pleased to provide the following operations update for its assets in Cote d'Ivoire and Ghana. CI-202, Cote d'Ivoire Vioco Petroleum Limited ("Vioco"), Azonto's 35% owned affiliate is the...

Nostrum Oil & Gas announces results for the quarter ended 31st March 2014
Posted On May 28 ,2014 - 05:17-AM | by admin

Nostrum Oil & Gas LP (LSE: NOG.LI) ("Nostrum"), the oil and gas exploration, development and production business today announces its results for the quarter ended 31st March 2014. Highlights from ...

Gulf Marine Services announces a new contract award
Posted On May 28 ,2014 - 05:54-AM | by admin

Gulf Marine Services (LSE:GMS), the leading provider of self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, today announces a new contract ...

Tullow Oil’s 2013 Corporate Responsibility Report
Posted On May 28 ,2014 - 05:50-AM | by admin

Highlights include: • Tullow’s commitment to Local Content: in 2013, Tullow spent $217 million with local suppliers, representing a 49% increase on the previous year; • Our transparent disc...

Aker Solutions Wins Framework Contract From BP in Norway
Posted On May 28 ,2014 - 05:38-AM | by admin

Aker Solutions has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. The contract has a period of up t...

ExxonMobil Ships First Cargo from PNG LNG Project
Posted On May 27 ,2014 - 05:27-PM | by admin

Exxon Mobil Corporation (NYSE:XOM) today said it shipped the first cargo of liquefied natural gas (LNG) from the $19 billion PNG LNG project ahead of schedule. PNG LNG, operated by ExxonMobil affil...

OPEC to hold its 6th International Seminar
Posted On May 27 ,2014 - 05:16-PM | by admin

The Organization of the Petroleum Exporting Countries (OPEC) will host its 6th International Seminar at the Hofburg Palace in Vienna, Austria, on 3−4 June 2015. The theme of the event is “Petroleu...

Rosneft and BP Sign Agreement on Development of Domanik Formations
Posted On May 27 ,2014 - 05:09-PM | by admin

Rosneft and BP Exploration Operating Company Limited signed a Heads of Agreement on Domanik formations. The document was signed today within the framework of the St. Petersburg International Economic ...

Expro Awarded Multi-Year SONAR Production Testing Contract in the Middle East
Posted On May 27 ,2014 - 05:14-PM | by admin

Leading international oil field services company, Expro, has secured a multi-year contract with a leading international oil company for multiphase production testing in Iraq. The contract will prov...

Seadrill and North Atlantic Drilling announce Investment and Co-operation Agreement with Rosneft to partner in Russian market
Posted On May 27 ,2014 - 05:15-PM | by admin

North Atlantic Drilling Ltd. ("NADL" or the "Company") and Seadrill Limited ("Seadrill") are pleased to announce that an Investment and Co-operation Agreement ("the Agreement") has been executed with ...

RWE Dea Norge completes Titan Appraisal Well
Posted On May 27 ,2014 - 05:35-PM | by admin

RWE Dea Norge AS, operator of production licence (PL)420, is completing drilling operations on appraisal well 35/9-11-S and sidetrack 35/9-11-A on the Titan discovery, 16 kilometres west of the Gjøa ...

Hays Oil & Gas Job Index Q1 2014
Posted On May 27 ,2014 - 05:59-AM | by admin

Hays Oil & Gas reports that this quarter they have found that new projects and investment have led to an increase in hiring, however, skills shortages continue to impact employers globally. The Hay...

New projects and investment lead to increased hiring, while skills shortages still impact employers globally
Posted On May 27 ,2014 - 05:47-AM | by admin

The Hays Oil & Gas Job Index for the first quarter of 2014 has shown hiring globally has increased, with key areas seeing significant jumps in job numbers. However, as new projects and business invest...

Max Petroleum announce drilling update
Posted On May 27 ,2014 - 05:24-AM | by admin

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, today announces that it has completed drilling the KZIE-3 appraisal well in the East Kyzylzhar I Field to a vertical depth of 1,315 met...

Tangiers completes raising with a further $4M share placement
Posted On May 27 ,2014 - 05:27-AM | by admin

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company")is pleased to advise that it has raised $4 million, before costs, through the placement of 25 million shares at 16c each t...

Lamprell announcemultiple rig contract award
Posted On May 27 ,2014 - 05:16-AM | by admin

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has...

Rosneft and NIC Sign Contract for Oil Products Supplies
Posted On May 27 ,2014 - 05:08-AM | by admin

Rosneft expands its presence at the oil products market of Mongolia. Within the Petersburg International Economic Forum Rosneft signed a 5-year term contract for oil products supplies with the leading...

LENI gas and oil announce Goudron update
Posted On May 27 ,2014 - 05:38-AM | by admin

LGO today announces that the Well Services Rig 20 has now been moved from the well GY-664 drill site and the Company's application has been approved by Petrotrin for the completion and production of w...

Mediterranean Oil & Gas Plc announce offshore Malta update
Posted On May 27 ,2014 - 05:14-AM | by admin

MOG announce that it has received formal notification from Phoenicia Energy Company Ltd (a wholly owned subsidiary of Genel Energy plc), the operator of Malta Block 7 of Area 4, that the semi-submers...

Ophir announces Gabon Affanga Deep Well Result
Posted On May 27 ,2014 - 05:15-AM | by admin

Ophir Energy plc ("Ophir" or "the Company") announces that drilling operations have now concluded on the Affanga Deep-1 well in the Gnondo Block offshore Gabon. Ophir has a 100%* operated interest in ...

Faroe announce Pil oil discovery - successful side-track appraisal well drilled
Posted On May 27 ,2014 - 05:04-AM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announc...

OriginOil Secures First Middle East Licensing Partner for Oil & Gas Water Cleanup
Posted On May 27 ,2014 - 05:05-AM | by admin

OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that Burgan One Commercial E...

Saudi Aramco hosts workshop to discuss the latest challenges and developments of hydraulic fracturing
Posted On May 27 ,2014 - 05:54-AM | by admin

Drawing on its growing global resources and the expertise of leading researchers, scientists and oil and gas service company experts, Saudi Aramco recently hosted a workshop to discuss the latest chal...

Oryx Petroleum Announces Appraisal Drilling Update for Demir Dagh in Kurdistan Region of Iraq
Posted On May 27 ,2014 - 05:25-AM | by admin

Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces the test results for the Demir Dagh-3 well (“DD-3”) and Demir Dagh-5 well (“DD-5”) appraisal ...

KrisEnergy completes acquisition of Thai G10/48 unit, takes over operatorship
Posted On May 27 ,2014 - 05:39-AM | by admin

KrisEnergy Ltd. (“KrisEnergy” or the “Company”), an independent upstream oil and gas company, refers to the announcement dated 21 May 2014 in relation to the acquisition of the entire issued a...

Greenpeace board Transocean Spitsbergen
Posted On May 27 ,2014 - 05:37-AM | by admin

On the morning of 27 May Greenpeace activists boarded the drilling rig Transocean Spitsbergen. The rig was en route to the Hoop area in the Barents Sea. On Monday Statoil got approval from the Norw...

Songa Offshore SE announce 1Q 2014 Presentation
Posted On May 27 ,2014 - 05:21-AM | by admin

Highlights • Strong EBITDA of $65m and reflecting 100% Operating Efficiency and Earnings Efficiency of 97% • Sale of 100% of Songa Mercur and Songa Venus to Opus Offshore with transaction valu...

Technip awarded new LNG plant contract in China, building up its strong expertise in natural gas liquefaction
Posted On May 27 ,2014 - 05:13-AM | by admin

Technip has been awarded an engineering, procurement and technical assistance contract by Fengzhen Wanjie Gas Co. Ltd. for a liquefied natural gas (LNG) plant in Fengzhen City, Inner Mongolia Province...

Tullow issues Well 31/2-21S update - Norway
Posted On May 27 ,2014 - 05:32-AM | by admin

Tullow Oil plc (“Tullow”) announces that exploration well 31/2-21S which was targeting the Gotama prospect, offshore Norway, did not encounter reservoir quality sandstones in the Upper Jurassic ma...

Afren becomes an EITI Supporting Company
Posted On May 23 ,2014 - 05:42-PM | by admin

Afren plc ("Afren" or "the Company") is pleased to announce that it became a Supporting Company of the Extractive Industries Transparency Initiative ("EITI") on 20 May 2014. The EITI is a global co...

Investment projects for gas supply to China launched
Posted On May 23 ,2014 - 05:21-PM | by admin

Alexey Miller, Chairman of the Gazprom Management Committee signed an order to start the implementation of Gazprom's investment projects for gas supply to China. Starting from today, all the specializ...

Rosneft expands cooperation with the government of Mongolia
Posted On May 23 ,2014 - 05:21-PM | by admin

Rosneft expands its presence at the oil products market of Mongolia. Within the Petersburg International Economic Forum Rosneft signed two 5-year term contracts for oil products supplies with leading ...

Madagascar Oil Ltd announce Tsimiroro Licence approval of test sales by the Government
Posted On May 23 ,2014 - 05:36-AM | by admin

Madagascar Oil is pleased to announce that the Company's wholly-owned subsidiary, Madagascar Oil S.A. ("Madagascar Oil SA"), has been advised, via a "Communique de Presse: Conseil des Ministres" (the ...

Yamal LNG and Gazprom Marketing & Trading Singapore sign LNG agreement
Posted On May 23 ,2014 - 05:05-AM | by admin

At the St. Petersburg International Economic Forum, Chairman of the Management Board of OAO NOVATEK (“NOVATEK” and/or the “Company”) Leonid V. Mikhelson and Chairman of the Management Board of...

Eni signs agreement with Gazprom on revision of gas supply terms
Posted On May 23 ,2014 - 05:45-AM | by admin

Gazprom CEO Alexey Miller and Eni CEO Claudio Descalzi have today signed an agreement to revise the terms of gas supply contracts. The agreement involves a reduction in supply prices and an importa...

Total combines efforts with Lukoil to explore and develop tight oil in the Bazhenov
Posted On May 23 ,2014 - 05:22-AM | by admin

Total signed today an agreement with Lukoil creating a joint venture (JV) to explore and develop the tight oil potential of the Bazhenov play in Western Siberia. Total will hold 49% of the JV and Luko...

Tullow announces that the Shimela-1 well encountered water bearing reservoirs.
Posted On May 23 ,2014 - 05:12-AM | by admin

Shimela-1 in the South Omo Block, onshore Ethiopia, was drilled to test a prospect in a north-western sub-basin of the vast Chew Bahir basin. The frontier wildcat well encountered lacustrine and volca...

Weatherford, Sinopec Oilfield and Shengli Highland to form joint venture company
Posted On May 22 ,2014 - 05:52-PM | by admin

Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT), Sinopec Oilfield Service Corporation and Shengli Highland Petroleum Equipment Co., Ltd., today announced having entered into a joint ...

ONGC Videsh Declares FY’14 Financial Results
Posted On May 22 ,2014 - 05:32-PM | by admin

During FY’14, the company has earned the highest-ever profit of 4,445 Crore, an increase of 13.1% as compared to the previous year. Crude Oil production during FY’14 was higher by 26.3% due to ...

Directorate Changes at Madagascar Oil
Posted On May 22 ,2014 - 05:35-PM | by admin

Madagascar Oil (AIM:MOIL) today announces that Mr Madjedi Hasan, a Non-Executive Director of the Company and nominated representative of Benchmark Advantage Fund Ltd ("Benchmark"), has chosen to resig...

Hess Announces Sale of Retail Business to Marathon Petroleum Corporation for $2.6 Billion
Posted On May 22 ,2014 - 05:58-AM | by admin

Hess Corporation (NYSE:HES) announced today that it has agreed to sell its retail business to Marathon Petroleum Corporation for a total cash consideration of $2.6 billion. Hess Retail is the largest ...

Fastnet Oil & Gas Plc issues corporate update and revised investor presentation
Posted On May 22 ,2014 - 05:07-AM | by admin

Ahead of investor meetings today, Fastnet (AIM: FAST, ESM: FOI), the E&P company focused on exploring in Africa and in the Celtic Sea, is pleased to provide an update on its operations, including its ...

SEPLAT Petroleum announces its Interim Management Statement
Posted On May 22 ,2014 - 05:36-AM | by admin

Seplat Petroleum Development Company plc ("Seplat" or the "Company"), a leading Nigerian indigenous oil and gas company, listed on both the NSE and LSE, today announces its Interim Management Statemen...

Nostrum agrees long-term off-take contract for condensate supplies with Trafigura
Posted On May 22 ,2014 - 05:01-AM | by admin

Nostrum Oil & Gas LP (LSE: NOG.L) ("Nostrum"), the oil and gas exploration, development and production business is pleased to announce it has agreed a two-year contract to supply gas condensate via it...

Eni successfully appraises Agulha discovery , in Mozambique Area 4
Posted On May 22 ,2014 - 05:18-AM | by admin

Eni has successfully executed the appraisal campaign for the Agulha discovery, located in Area 4 offshore Mozambique. The delineation was carried out through the Agulha 2 well, which was drilled in...

Shell announces cancellation of Scrip Dividend Programme from second quarter 2014
Posted On May 22 ,2014 - 05:13-AM | by admin

Royal Dutch Shell plc (“Shell”) announces the cancellation of its Scrip Dividend Programme (“the Programme”) with effect from the second quarter 2014 Interim Dividend onwards. The cancellation...

Neste Oil to launch a new, low-sulfur bunker fuel
Posted On May 22 ,2014 - 05:20-AM | by admin

Neste Oil will launch a low-sulfur marine bunker fuel compliant with the requirements of the EU's Sulphur Directive. The new fuel reduces sulfur, nitrogen and particle emissions in the marine transpor...

Solo Oil issues update on seismic acquisition, Tanzania
Posted On May 22 ,2014 - 05:49-AM | by admin

Solo announces that the operator of the Ruvuma Petroleum Sharing Contract, Aminex PLC ("Aminex"), has notified the Company that the 2D seismic acquisition to appraise up-dip portion of the Ntorya-1 d...

Shell announces sale of Eagle Ford acreage, South Texas
Posted On May 22 ,2014 - 05:58-AM | by admin

Royal Dutch Shell plc (“Shell”) announced today it has agreed to sell its 100 percent working interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez En...

ExxonMobil Increases Liquids-rich Wolfcamp Acreage in Permian Basin
Posted On May 22 ,2014 - 05:24-AM | by admin

Exxon Mobil Corporation (NYSE:XOM) announced that it has executed an agreement to add nearly 26,000 acres to its U.S. oil and natural gas portfolio managed by subsidiary XTO Energy Inc., through a no...

Russia and China signed the biggest contract in the entire history of Gazprom
Posted On May 22 ,2014 - 05:28-AM | by admin

The 30-year contract stipulates that 38 billion cubic meters of Russian gas will be annually supplied to China. The mutually beneficial contract contains such major provisions as the price formula lin...

Petroamerica announces strategic farm-in to the Llanos-19 block in Colombia
Posted On May 21 ,2014 - 05:04-PM | by admin

Petroamerica Oil Corp. (TSX-V:PTA) (“Petroamerica” or the “Company”), a Canadian oil and gas company operating in Colombia announced that it has entered into a definitive agreement, subject to...

Foster Wheeler JV Awarded FEED And Project Execution Services Contract For LNG Canada Project In Kitimat, British Columbia
Posted On May 21 ,2014 - 05:16-PM | by admin

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group, in joint venture with affiliates of Chiyoda Corporation, Saipem S.p.A. and WorleyPar...

Subsea 7 S.A. awarded $460 million contract in North Sea
Posted On May 21 ,2014 - 05:00-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC; the Company) has been awarded its largest UK EPIC services contract, valued in excess of $460 million by Premier Oil UK Limited, in support of its Catcher Area Develop...

SeaEnergy awarded the ship management contract
Posted On May 21 ,2014 - 05:38-PM | by admin

SeaEnergy PLC, the innovation-led offshore energy services business, is pleased to announce that its recently established subsidiary SeaEnergy Ship Management Limited (SEASM) has been awarded the ship...

Tower Resources provides Namibia drilling update
Posted On May 21 ,2014 - 05:23-PM | by admin

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, provides an update on drilling operations for the Welwitschia-1 well. In...

Taipan Resources Inc. Cures Default in Block 1 Kenya
Posted On May 21 ,2014 - 05:49-PM | by admin

Taipan Resources Inc. (TSX VENTURE:TPN) announces today it has resolved the default position on Exploration Block 1, Kenya by paying to Afren Plc $3,566,377. By resolving the default, Taipan has resto...

Hercules Offshore Announces Five Year Drilling Contract for Newbuild Jackup Rig with Maersk Oil
Posted On May 21 ,2014 - 05:18-PM | by admin

Hercules Offshore, Inc. (Nasdaq: HERO) announced that it has signed a five year drilling contract with Maersk Oil North Sea UK Limited for a newbuild jackup rig to be owned and operated by Hercules Of...

CNPC enters into a set of agreements during CICA summit in Shanghai
Posted On May 21 ,2014 - 05:47-PM | by admin

On May 19 and 20, during the fourth summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) held in Shanghai, under the witness of Chinese President Xi Jinping and Russ...

Finding Value for Flared Gas
Posted On May 21 ,2014 - 05:44-AM | by admin

Insightful workshop by industry experts with success case studies to achieve zero flaring. Gas flaring is one of the most challenging energy and environmental problems that worlds facing today. Bri...

Production from Snorre B template shut down
Posted On May 21 ,2014 - 05:10-AM | by admin

Production from a subsea template at the Snorre B platform was shut down on 17 May following the discovery of an abnormal erosion of mass under the template. Over the last 24 hours, no movement has...

Noble Energy Announces Termination of Leviathan MoU With Woodside
Posted On May 21 ,2014 - 05:05-AM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that the parties have agreed to terminate the non-binding memorandum of understanding regarding the sale of interest in the Leviathan licenses, offshore ...

Petrobras confirms another discovery in the Santos Basin pre-salt
Posted On May 21 ,2014 - 05:25-AM | by admin

Petrobras announces it has completed the formation test on well 1-SPS-98 (1-BRSA-1063-SPS), informally known as Sagitário, located in ultra-deep waters of the Santos Basin pre-salt. The results ob...

Fugro awarded one year contract by Basrah Gas Company
Posted On May 20 ,2014 - 05:35-PM | by admin

Fugro has been awarded a contract for one year, plus a year extension option, by Basrah Gas Company for the provision of Geotechnical Investigations and Topographic Services in the Basrah province of ...

OAO LUKOIL and OAO ANK Bashneft have signed a Participants’ Agreement in OOO Oil Company VOSTOK-NAO.
Posted On May 20 ,2014 - 05:36-PM | by admin

The VOSTOK NAO Joint Venture (with LUKOIL and Bashneft each controlling a 50% stake) was set up to conduct geologic studies, exploration and production of raw hydrocarbons at the company’s license b...

Sinopec and SIBUR Enter into a Strategic Cooperation Agreement
Posted On May 20 ,2014 - 05:07-PM | by admin

China Petrochemical Corporation (Sinopec Group.), a major global energy and chemicals company, and SIBUR, a leading Russian gas processing and petrochemicals company, today entered into a strategic co...

Cuadrilla to submit plans for Preston New Road shale gas exploration site
Posted On May 20 ,2014 - 05:09-PM | by admin

Following extensive public consultation Cuadrilla Resources will submit, before the end of the month, a planning application to Lancashire County Council to drill, hydraulically fracture and test the ...

Odfjell Drilling secures further work for Deepsea Stavanger in Angola
Posted On May 20 ,2014 - 05:24-PM | by admin

Odfjell Drilling and BP Angola have entered into a contract amendment securing further work for Odfjell Drilling’s sixth generation ultra deepwater and harsh environment semi-submersible “Deepsea ...

Mediterranean Oil & Gas issue offshore Malta update
Posted On May 20 ,2014 - 05:07-PM | by admin

MOG has been informed by Phoenicia Energy Company Ltd, a wholly owned subsidiary of Genel Energy plc (the "Operator"), that the Noble Paul Romano rig (the "Rig"), which will be used to drill the Hagar...

IOC Assets Divestment Good for Local Players – Alison-Madueke
Posted On May 20 ,2014 - 05:20-PM | by admin

Contrary to the apprehension in some quarters that the recent spate of assets divestments by international oil companies (IOCs) operating in Nigeria could create crisis in the oil and gas industry, th...

Essar Oil announce financial results for Q4 and financial year 2013-14
Posted On May 20 ,2014 - 05:58-PM | by admin

The release linked to this announcement was issued today by Essar Oil Limited to the Bombay Stock Exchange and the National Stock Exchange of India. FY14 Highlights • Company crosses the rupees...

Signature of two EPC contracts between Sonatrach and five other companies
Posted On May 19 ,2014 - 05:21-PM | by admin

Repsol / RWE-DEA / EDISON INTERNATIONAL, Petrofac International LLC UAE and the National Society of Civil Engineering (GCB Spa) conducted May 15, 2015 at the headquarters of the Directorate General of...

Hess Corporation, North Dakota Celebrate Expansion of Tioga Gas Plant
Posted On May 19 ,2014 - 05:11-PM | by admin

Hess Corporation (NYSE:HES) was joined today by Governor Jack Dalrymple, Senator John Hoeven and a host of other government officials to commemorate the recently completed expansion of the Tioga Gas P...

Egyptian gas project to be powered by Aggreko
Posted On May 19 ,2014 - 05:39-PM | by admin

Aggreko, the world leader in the supply of temporary power and temperature control services has signed a contract with RWE Dea to deliver a 4 MW power plant to the Disouq onshore natural gas facility ...

Nido secures 20% participating interest in SC 63
Posted On May 19 ,2014 - 05:50-PM | by admin

Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) is pleased to advise has it has executed the second stage of the SC 63 farm-in process with PNOC-EC. The terms of the farm-in with P...

Nido issues update on Baragatan-1 exploration well
Posted On May 19 ,2014 - 05:51-PM | by admin

Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) is pleased to announce on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited that the UMW Nag...

TANAP awards EPCM Contract to WorleyParsons
Posted On May 19 ,2014 - 05:10-PM | by admin

Trans Anatolian Natural Gas Pipeline Project (TANAP) has awarded WorleyParsons a significant five year contract for the supply of Engineering, Procurement and Construction Management (EPCM) services ...

GDF SUEZ inaugurates on-shore LNG storage tank in Chile
Posted On May 19 ,2014 - 05:49-PM | by admin

GDF SUEZ announced the inauguration of the on-shore storage tank for the GNL Mejillones LNG regasification terminal. The tank was inaugurated today by the President of Chile, Michelle Bachelet and th...

First GDF SUEZ long term LNG sales to Japan
Posted On May 19 ,2014 - 05:51-PM | by admin

GDF SUEZ and the Japanese utility company Tohoku have signed on 16 May 2014 in Paris a long term LNG sale and purchase Heads of Agreement. Under this new agreement GDF SUEZ commits to deliver 270,000 ...

Kenyan Government gives L10B licence partners an additional year to plan future exploration
Posted On May 19 ,2014 - 05:59-AM | by admin

Pancontinental also lifts its stake in this highly prospective licence, adjacent to the recent Sunbird discovery in L10A Pancontinental Oil & Gas NL (ASX: PCL) is pleased to advise that the Gover...

Rosneft Entities Will Enter Pirelli Joint Stock Capital
Posted On May 19 ,2014 - 05:11-AM | by admin

Within the framework of a working visit of Rosneft President, Chairman of the Management Board Igor Sechin to the Far East, he held negotiations with Pirelli top management with the participation of M...

Total Gabon’s revenues down
Posted On May 19 ,2014 - 05:05-AM | by admin

Revenues downed 23% to $299 million in first-quarter 2014, compared to the prior-year period ($390 million), despite production increase. This drop resulted from a slight decrease in the price of the ...

Max Petroleum Plc issues corporate update
Posted On May 19 ,2014 - 05:10-AM | by admin

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces an update of its previously announced cost cutting initiative and related accounting charge. The Company expects that spe...

Circle Oil announce operating update Morocco
Posted On May 19 ,2014 - 05:30-AM | by admin

Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, is pleased to announce the following operating update. Sebou and Lalla Mimouna Permits Th...

Gasol Upstream Limited Investment in Afrique Energie Corporation
Posted On May 19 ,2014 - 05:01-AM | by admin

Gasol, the AIM listed gas to power company, is pleased to announce that its upstream subsidiary, Gasol Upstream Limited ("Gasol Upstream"), has agreed to invest US$ 1million for 21,936,000 new common ...

Schlumberger Introduces Industry-First Reservoir Mapping-While-Drilling Service
Posted On May 19 ,2014 - 05:46-AM | by admin

Schlumberger announced today the introduction of the GeoSphere* reservoir mapping-while-drilling service. The new technology reveals features in subsurface beddings and fluid contacts at the reservoir...

Standard & Poor’s affirmed its rating on Petrobras
Posted On May 19 ,2014 - 05:58-AM | by admin

Petrobras informs that Standard & Poor's (S&P) rating agency affirmed today its 'BBB-' corporate credit rating on Petrobras, with stable outlook, keeping the Company’s investment grade rating. T...

Gazprom Neft reports IFRS financial results for 1Q 2014
Posted On May 16 ,2014 - 05:29-PM | by admin

Gazprom Neft today announces its consolidated financial results for 1Q 2014, prepared in accordance with International Financial Reporting Standards (IFRS). A stronger financial performance in 1Q 2...

Mosman announce petroleum creek operations update
Posted On May 16 ,2014 - 05:25-PM | by admin

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company is pleased to announce that its wholly owned New Zealand subsidiary, Petroleum Creek Limite...

Algerian Reggane Nord Gas Project entering execution phase
Posted On May 16 ,2014 - 05:05-PM | by admin

A project consortium that includes RWE Dea has signed a major contract for the construction of a natural gas processing plant and infrastructure in the Algerian Sahara for the Reggane Nord project. Th...

Falcon Oil & Gas Ltd announce spudding of second well in Hungary
Posted On May 16 ,2014 - 05:06-AM | by admin

Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) ("Falcon" or the "Company") is pleased to announce that the second of three exploration wells "Besa-D-1", with our partner Naftna Industrija Sr...

Caza Oil & Gas provides unaudited financial and operational results for the three-months ended March 31, 2014
Posted On May 16 ,2014 - 05:23-AM | by admin

Unaudited First Quarter Financial Results Highlights Caza's revenues from oil and natural gas sales increased 259% to US$4,591,507 for the three-month period ended March 31, 2014, f...

Apache increases share buyback program to 40 million shares
Posted On May 16 ,2014 - 05:52-AM | by admin

The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) today announced that it has authorized repurchasing an additional 10 million Apache common shares, supplementing the 30-million-share a...

CGG Begins Multi-Client Survey of Espirito Santo Basin
Posted On May 16 ,2014 - 05:39-AM | by admin

CGG announced that it has started acquiring a large BroadSeisTM 3D multi-client survey program in the deep and ultra-deep waters of the Espirito Santo Basin. The project has received high prefunding f...

Niger Delta youths get another chance to start businesses in 2014 LiveWIRE programme
Posted On May 16 ,2014 - 05:46-AM | by admin

Niger Delta youths are being given yet another chance to start their own businesses through the 2014 edition of the LiveWIRE programme, for which The Shell Petroleum Development Company of Nigeria Lim...

Kvaerner delivers Eldfisk 2/7 S topside
Posted On May 16 ,2014 - 05:16-AM | by admin

In March 2011 Kvaerner signed a contract with ConocoPhillips to deliver the topside for the Eldfisk 2/7 S integrated production platform. The topside was completed in April 2014 as planned, and will b...

Petrofac awarded Reggane North Development Project
Posted On May 16 ,2014 - 05:11-AM | by admin

Petrofac, the international oil and gas services provider, has been awarded a 36 months, of execution, contract worth more than US$970 million for the gas gathering, treatment and export facilities pa...

Mediterranean Oil & Gas announce joint application for 3 offshore blocks in Montenegro
Posted On May 16 ,2014 - 05:00-AM | by admin

The Board of Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to announce that Energean Oil & Gas SA ("Energean") and MOG have jointly submitted a bid for the exploration and production of hydrocarbo...

Heritage Oil release Interim Management Statement
Posted On May 16 ,2014 - 05:04-AM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, issues its Interim Management Statement for the period from 1 January 2014 to 15 May 2014. Corpora...

Petrobras pre-salt production sets new record, passing 470 thousand barrels of oil per day
Posted On May 16 ,2014 - 05:40-AM | by admin

Petrobras announces that oil production in the fields operated by the company, at the Pre-Salt Layer of the Santos and Campos basins passed the milestone of 470 thousand barrels of oil per day (bpd) o...

Dana Gas Achieves 12% Growth in Production in Q1 2014
Posted On May 16 ,2014 - 05:24-AM | by admin

Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced its financial results for the first quarter ended 31 March 2014. The Company reported a 67% rise in ...

Dubai in top 3 Middle East growth market for solar industry
Posted On May 15 ,2014 - 05:27-PM | by admin

EnPark, the TECOM Business Park facilitating the growth of Energy and Environment businesses in the MENA Region, and the Middle East Solar Industry Association (MESIA) hosted a business breakfast with...

TAQA announce Q1 results for 2014
Posted On May 15 ,2014 - 05:46-PM | by admin

TAQA, the international energy and water company from Abu Dhabi, today announced its net profit after minority interests grew by 158 per cent to AED 274 million in the first quarter in the quarter for...

Nigeria continues economic growth
Posted On May 15 ,2014 - 05:03-PM | by admin

Nigeria continues its robust and sustained economic growth EY’s Africa by numbers report on Nigeria indicates Greenfield FDI projects into the country have grown at a compound rate of close to 20...

JKX Oil & Gas issue interim management statement for 1st Qtr ending March 2014
Posted On May 15 ,2014 - 05:42-AM | by admin

Highlights · Production from new Elizavetovskoye field in Ukraine commenced in January with flow rates from the first two carbonate reservoir wells exceeding expectations. First well targeting un...

Range Resources secures US$12 Million Financing
Posted On May 15 ,2014 - 05:11-AM | by admin

Range Resources Limited announce that it has entered into a Subscription Agreement with Abraham Ltd, a Hong Kong based private institutional investor (the "Investor"). Under the terms of the Subscript...

Ophir Energy issues Interim Management Statement - May 2014
Posted On May 15 ,2014 - 05:20-AM | by admin

Ophir Energy plc ("Ophir" or "the Company") provides an Interim Management Statement and Operational Update for the period 1 January 2014 to 15 May 2014. Corporate Highlights ...

Cairn to announce Interim Management Statement
Posted On May 15 ,2014 - 05:43-AM | by admin

Cairn intends to announce its half year results for the six months to 30 June 2014 on Tuesday 19 August 2014. In advance of these results, Cairn is providing an update on its recent operations and gu...

Technip confirms very major project award for the engineering, procurement and construction of Yamal LNG
Posted On May 15 ,2014 - 05:01-AM | by admin

Technip confirms that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas (LNG) facility with a capacity of 16.5 million tons per year (M...

Dana Petroleum completes acquisition of interest in Danish licence from PA Resources
Posted On May 15 ,2014 - 05:31-AM | by admin

Dana Petroleum has now acquired 40 per cent equity in the Danish 12/06 licence from PA Resources and will assume operatorship from 1 June. PA Resources retains a 24 per cent interest in the licence. F...

Kenya operational update
Posted On May 15 ,2014 - 05:05-AM | by admin

Africa Oil, Tullow Oil’s partner in Blocks 10BB and 13T in Northern Kenya (Tullow 50% operated interest), today issued the following operational updates in their quarterly results statement. T...

Statoil approves dividend of NOK 7.00 per share
Posted On May 15 ,2014 - 05:11-AM | by admin

On 14 May 2014 the annual general meeting of shareholders in Statoil ASA (OSE: STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for 2013, as proposed by the board of directors. ...

Refineries gear up with cost effective solutions to optimize processes and maximize production
Posted On May 15 ,2014 - 05:34-AM | by admin

In order to cope with challenges like economy changes and varying regulatory standards, refineries are now turning towards more cost effective solutions. Body: Refineries world over are facing vari...

Neon Energy awarded Block WA-503-P, offshore petroleum exploration permit
Posted On May 14 ,2014 - 05:06-PM | by admin

Neon Energy Limited (ASX: NEN) announce that the Company has been awarded the WA-503-P offshore petroleum exploration permit, as Operator and 100% working interest holder, having successfully bid in ...

Repsol posts net income of 807 million euros
Posted On May 14 ,2014 - 05:10-AM | by admin

In the first quarter of 2014, Repsol posted net income of 807 million euros, an increase of 27.3% from the year-earlier period. Adjusted net income at current cost of supply was 532 million euros, a r...

Repsol celebrates 25 years on the stock exchange
Posted On May 14 ,2014 - 05:05-AM | by admin

Repsol celebrated the 25th anniversary of its flotation on the stock market in a ceremony held at the Madrid Stock Exchange. During the event, Repsol Chairman Antonio Brufau rang the bell symbolically...

Panoro Energy provides an update on the OML 113 license (Aje field) in Nigeria
Posted On May 14 ,2014 - 05:14-AM | by admin

Panoro is pleased to announce the completion of a 3D seismic survey over OML 113 license in Nigeria. The Polarcus vessel MV Polarcus Nadia commenced data acquisition on March 24, 2014 and completed sh...

Ceragon Opens New Competence Center in Bergen, Norway Dedicated to Oil and Gas Market
Posted On May 14 ,2014 - 05:47-AM | by admin

Ceragon Networks Ltd., (NASDAQ: CRNT), the #1 wireless hauling specialist, today opened its new competence center in Bergen, Norway, which will be committed to boosting the company’s operations serv...

SNC-Lavalin awarded oil and gas contract with Abu Dhabi Oil Company Ltd. (Japan)
Posted On May 14 ,2014 - 05:01-AM | by admin

SNC-Lavalin Inc. (TSX: SNC) i announce that it has been awarded a contract by Abu Dhabi Oil Company Ltd. (Japan) (ADOC) to provide project management consultancy services for an expansion aimed at inc...

ConocoPhillips Highlights Progress on Plans for Production and Margin Growth at Annual Meeting of Stockholders
Posted On May 14 ,2014 - 05:23-AM | by admin

ConocoPhillips (NYSE: COP) today held its Annual Meeting of Stockholders where it reaffirmed its goal to deliver double-digit annual returns to shareholders. “ConocoPhillips is set for growth,”...

Lundin announce Edvard Grieg Appraisal Well 16/1-18 has successfully Completed
Posted On May 14 ,2014 - 05:14-AM | by admin

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that the appraisal drilling and testing of the well 16/1-18 on the ...

Marathon Oil Corporation Reports First Quarter 2014 Results
Posted On May 14 ,2014 - 05:37-AM | by admin

Marathon Oil Corporation (NYSE:MRO) today reported first quarter of 2014 adjusted net income was $613 million, or $0.88 per diluted share, compared to adjusted net income in the first quarter of 2013 ...

Premier provides its Interim Management Statement for the period 1 January to 30 April 2014
Posted On May 14 ,2014 - 05:57-AM | by admin

Highlights * Production averaged 65.8 kboepd, up 13% on prior corresponding period; full year guidance maintained at 58-63 kboepd. * Premier-operated Dua, Pelikan, Naga and Solan projects targe...

Tethys Announces USD 15 Million Equity Financing
Posted On May 14 ,2014 - 05:47-AM | by admin

Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL) announces today that it has conditionally raised USD 15 million through the issue of 36,894,923 new ordinary shares to new and e...

Anadarko Announces 50-Percent Dividend Increase
Posted On May 14 ,2014 - 05:34-AM | by admin

The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common stock of 27 cents per share, a 50-percent increase from 18 cents p...

Noble Energy To Present At UBS Oil And Gas Conference
Posted On May 14 ,2014 - 05:19-AM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that David L. Stover, the Company's President & COO, will present at the UBS Oil and Gas Conference on Wednesday, May 21, 2014 at 8:05 a.m., Central Time...

Applied Seismology Consultants appoints New General Manager
Posted On May 13 ,2014 - 05:29-PM | by admin

Lee Clarke has been appointed as the General Manager and Director of Applied Seismology Consultants Ltd (ASC), the Shrewsbury-based microseismic specialist, part of the Itasca International group of c...

GE, Devon Sign New Technology Collaboration Agreement to Drive Unconventional Resources Innovations
Posted On May 13 ,2014 - 05:59-AM | by admin

GE Oil & Gas (NYSE: GE) and Oklahoma City energy exploration and production company Devon Energy Corporation (NYSE: DVN) today signed a new technology collaboration agreement (TCA) to drive innovation...

GE Announces New Technology Partnership with Devon Energy at Global Research Oil & Gas Technology Center in Oklahoma City
Posted On May 13 ,2014 - 05:11-AM | by admin

GE Oil & Gas (NYSE: GE) announced a new Technology Collaboration Agreement with Devon Energy Corporation (NYSE:DEC) to accelerate the development and testing of products in the field to enhance the pe...

Conference to address innovative Enhanced Oil Recovery techniques in UAE
Posted On May 13 ,2014 - 05:08-AM | by admin

Rapid depletion and ageing of crude oil fields has been pressurizing oil producers to figure out new ways to acquire more oil from discovered oil & gas reserves. The growing importance of extracting o...

Anadarko to Participate in Upcoming Energy Conferences
Posted On May 13 ,2014 - 05:04-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) announced that Chairman, President and CEO, Al Walker will participate in the 2014 Citigroup Global Energy and Utilities Conference on Wednesday, May 14, 2...

Petrobras announce start-up of platform P-62 in Roncador field
Posted On May 13 ,2014 - 05:48-AM | by admin

Petrobras announces that production platform P-62, one of the strategic projects of its 2014-2018 Business and Management Plan, started-up on this Monday (05/12/14), in Roncador field, Campos Basin. ...

Technip awarded contract for the extension of subsea infrastructure on the Alvheim field in the North Sea
Posted On May 13 ,2014 - 05:09-AM | by admin

Technip was awarded by Marathon Oil Norge a contract for the extension of subsea infrastructure on the Alvheim field, located on the Norwegian Continental Shelf. The scope of work includes installatio...

Northern Petroleum provides update on Canadian Operations
Posted On May 12 ,2014 - 05:38-PM | by admin

Northern Petroleum (AIM: NOP) provides the following production update on the three wells in north west Alberta, Canada. As announced on 3 April 2014, all the wells were successfully drilled and comp...

Will Holland appointed Chief Financial Officer
Posted On May 12 ,2014 - 05:15-PM | by admin

Fastnet Oil and Gas plc ("Fastnet" or the "Company") (AIM: FAST, ESM: FOI), the E&P company focussed on exploration acreage in Africa and the Celtic Sea, is pleased to announce that Will Holland has b...

Faroe Petroleum announce Butch East exploration well results
Posted On May 12 ,2014 - 05:31-PM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilli...

Leni Gas & Oil issue production and drilling update, Trinidad
Posted On May 12 ,2014 - 05:59-PM | by admin

LGO is pleased to announce that the Company has now sold over 100,000 barrels of Goudron oil since taking over operations in October 2012. Separately, development well GY-664 has now intersected ...

Statoil adjusts portfolio in Angola
Posted On May 12 ,2014 - 05:09-PM | by admin

Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P. The transaction, subject to customary closing conditions, incl...

African Petroleum announce listing on Oslo Axess
Posted On May 12 ,2014 - 05:36-AM | by admin

African Petroleum Corporation is pleased to announce that on 30 April 2014 the Board of Directors of Oslo Børs resolved to admit the shares in African Petroleum Corporation to listing on Oslo Axess, ...

SEPLAT named WEFGLOBAL growth company
Posted On May 12 ,2014 - 05:09-AM | by admin

The World Economic Forum has named SEPLAT Petroleum Company Development Company Plc. a Global Growth Company. With this recognition, SEPLAT joins a vibrant community of the world’s most dynamic...

Neste Oil's Production Line 4 at Porvoo to be shut down for maintenance
Posted On May 12 ,2014 - 05:40-AM | by admin

Diesel Production Line 4 at Neste Oil's Porvoo refinery will be shut down for maintenance because of an unexpected mechanical failure in one of the line's process units. The turnaround is expected to ...

Petrobras announce 1Q14 Net Income of R$ 5,393 million
Posted On May 12 ,2014 - 05:49-AM | by admin

Petrobras announces its consolidated results stated in millions of Reais, prepared in accordance with International Financial Reporting Standards – IFRS issued by the International Accounting Standa...

First oil in new well at Lula field
Posted On May 12 ,2014 - 05:56-AM | by admin

Petrobras announces that it started up today, at 2:26 pm, the production of well 7-LL-22D-RJS located in Lula field, in the area of Lula NE Pilot, in Santos Basin Pre-Salt Region. This well, with ...

Petrobras confirms the existence of the volume contracted of 5 billion barrels
Posted On May 09 ,2014 - 05:27-PM | by admin

Petrobras announces that it has completed drilling the last exploratory well in the areas of the Transfer of Rights agreement, in the Santos Basin pre-salt. The well 4-BRSA1226-RJS (4-RJS-728), the...

Range Resources announce Colombia Update and Issue of Shares
Posted On May 09 ,2014 - 05:51-PM | by admin

Range announces that, given its focus on Trinidad, it has made a strategic decision for a partial withdrawal from Colombia and has relinquished its investment obligations on PUT-7 block in the Putumay...

North American Petroleum to acquire 35% Interest in Shoats Creek, Louisiana
Posted On May 09 ,2014 - 05:04-PM | by admin

North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, is pleased to announce that it has entered into an agreement with Northcote En...

Eni Shareholders approve 2013 Financial Statements and appoints the Company Officers at Annual Meeting
Posted On May 08 ,2014 - 05:34-PM | by admin

The Ordinary and Extraordinary Meeting of Eni’s Shareholders which was held today, resolved the following: To approve the financial statements at December 31, 2013 of Eni S.p.A. which report a ne...

Lundin Petroleum issues report for the three months ended 31 March 2014
Posted On May 08 ,2014 - 05:24-PM | by admin

HIGHLIGHTS Three months ended 31 March 2014 (31 March 2013)  Production of 28.8 Mboepd (35.6 Mboepd)1  Revenue of MUSD 235.4 (MUSD 310.3)  EBITDA of MUSD 177.8 (MUSD 274.5)  O...

Abu Dhabi’s Aviation Maintenance Industry Positioned For Growth Following Etihad Airways And Mubadala Agreement
Posted On May 08 ,2014 - 05:06-PM | by admin

Etihad Airways, the national airline of the United Arab Emirates, and Mubadala Development Company (Mubadala), today entered into an agreement in which Etihad Airways will acquire Abu Dhabi Aircraft T...

Saipem awarded E&C contracts for approximately $4 billion
Posted On May 08 ,2014 - 05:17-PM | by admin

Saipem has won four new Engineering & Construction contracts, onshore in Saudi Arabia and offshore in Brazil, for a total amount of approximately $4 billion. Saipem has been awarded by Saudi Aramco...

Tsimiroro Licence Declaration of Commerciality and Operational Update
Posted On May 08 ,2014 - 05:42-PM | by admin

Madagascar Oil is pleased to announce that, pursuant to a board resolution passed by a majority vote, the Company's wholly-owned subsidiary, Madagascar Oil S.A. ("Madagascar Oil S.A.", together with t...

CAMAC Energy Announces First Quarter 2014 Results
Posted On May 08 ,2014 - 05:06-PM | by admin

Provides Operational Update on Its West and East Africa Operations CAMAC Energy Inc. ("CAMAC Energy") (NYSE MKT: CAK) announced today financial and operating results for the first quarter of 2014. ...

GE Announces Introduction of Pioneering “20 ksi” Deepwater Drilling Systems
Posted On May 08 ,2014 - 05:57-PM | by admin

GE Oil & Gas (NYSE: GE) unveiled its next-generation blowout preventer (BOP) program that will make 20,000 pounds per square inch (20 ksi) subsea formations the next frontier in offshore oil and gas e...

GE Oil & Gas Secures First Contracts for SeaLyticsTM BOP Advisor Software with Drilling Contractors Atwood Oceanics and QGOG
Posted On May 08 ,2014 - 05:16-PM | by admin

GE Oil & Gas (NYSE: GE) today announced it has secured the first two orders for its new SeaLyticsTM BOP (blowout preventer) Advisor software system with U.S.-based drilling contractor Atwood Oceanics ...

GE Oil & Gas Wins Two “Spotlight on New Technology” Awards at OTC 2014
Posted On May 08 ,2014 - 05:00-PM | by admin

GE Oil & Gas (NYSE: GE) has been honored with two 2014 Spotlight on New Technology Awards for its innovative SeaLytics™ BOP (Blowout Preventer) Advisor and GFI™ Ground Fault Immune Electric Submer...

Gulf Marine Services publishes its Interim Management Statement
Posted On May 08 ,2014 - 05:33-PM | by admin

Gulf Marine Services (LSE:GMS), the leading provider of self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, today publishes its Interim Managemen...

New World Oil and Gas announce binding framework agreement signed for oil production in Kuwait
Posted On May 08 ,2014 - 05:53-PM | by admin

Further to the approval of Shareholders at the Annual General Meeting on 12 September 2013, New World has continued to work with the Subscriber, Niel Petroleum SA ('Niel'), to complete the subscriptio...

Petroceltic issues Operations Update on Kurdistan Region of Iraq, Egypt & Romania
Posted On May 08 ,2014 - 05:26-PM | by admin

Petroceltic International plc ("Petroceltic" or "the Company"), the independent oil and gas exploration company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, announces...

Global Energy announce Farm-out Agreement signed for Bocachico Association Contract Area
Posted On May 08 ,2014 - 05:29-AM | by admin

Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company (AIM: GED) with operations in Colombia, is pleased to announce that it has signed a f...

West Africa’s future requires new solutions in power technology and investment to improve energy access
Posted On May 08 ,2014 - 05:14-AM | by admin

The World Economic Forum (WEF) notes that he insufficient amount and quality of infrastructure is one of the major impediments to developing growth in West Africa West Africa’s future as a compet...

Heritage Oil Corporation Announces Redemption of Exchangeable Shares
Posted On May 08 ,2014 - 05:50-AM | by admin

Heritage Oil Corporation ("Heritage" or the "Corporation") (TSX:HOC) announces its intention to redeem all of the issued and outstanding exchangeable shares (the "Exchangeable Shares") of the Corporat...

Nostra Terra Oil and Gas announce Increase in borrowing base
Posted On May 07 ,2014 - 05:29-PM | by admin

Nostra Terra, the AIM quoted oil and gas producer with a growing portfolio of producing assets in the USA, is pleased to announce that, in line with its increase in production, there has been a 120% i...

Petro Matad provides Operational Update
Posted On May 07 ,2014 - 05:03-PM | by admin

Petro Matad is pleased to provide an update on its operations, results of the interpretation of the 220 kms of seismic acquired over Blocks IV and V in November 2013 and the continuing farmout process...

CAMAC Energy Signs Petroleum Agreement for the Expanded Shallow Water Tano Block in Ghana
Posted On May 07 ,2014 - 05:47-PM | by admin

CAMAC Energy Inc. ("CAMAC Energy") (NYSE MKT: CAK) has signed a Petroleum Agreement with the Government of Ghana covering the Expanded Shallow Water Tano (ESWT) block located in the Tano Basin offshor...

Eni release report on the purchase of treasury shares
Posted On May 07 ,2014 - 05:54-PM | by admin

During the period from April 28 to April 30, 2014, Eni acquired n. 425,000 shares for a total consideration of € 7,914,038.79, within the authorization to purchase treasury shares approved at Eni’...

Chevron Corporation Reaches Settlement Agreement With Patton Boggs Law Firm
Posted On May 07 ,2014 - 05:21-PM | by admin

Chevron Corporation (NYSE: CVX) today announced it has reached a settlement agreement with Patton Boggs LLP, a lobbying and law firm headquartered in Washington, D.C. Chevron had filed counterclaims i...

OMV expands portfolio in Madagascar
Posted On May 07 ,2014 - 05:22-PM | by admin

OMV enters two blocks onshore Madagascar Farm-in agreed with Africa-focused explorer Tullow Transaction in line with OMV’s upstream growth strategy After acquiring an interest offshore Madagasc...

Eni signs agreements for the sale of Refining & Marketing activities in the Czech Republic, Slovakia and Romania to MOL Group
Posted On May 07 ,2014 - 05:15-PM | by admin

Eni signed in Budapest an agreement with MOL Group, a Hungarian oil & gas company, for the sale of its 32.445% stake in Česká Rafinérská a.s. (CRC), a refining company in the Czech Republic. The t...

Devon Energy Reports First-Quarter 2014 Results
Posted On May 07 ,2014 - 05:17-PM | by admin

Devon Energy Corporation (NYSE:DVN) today reported net earnings of $324 million or $0.80 per common share ($0.79 per diluted share) for the quarter ended March 31, 2014. This compares with a first-qua...

Husky Energy Announces 2014 First Quarter Dividend
Posted On May 07 ,2014 - 05:19-PM | by admin

The Board of Directors of Husky Energy (TSX:HSE) has declared a quarterly dividend of $0.30 (Canadian) per share on its common shares for the three-month period ended March 31, 2014. The dividend will...

Talisman Energy release first quarter results
Posted On May 07 ,2014 - 05:55-PM | by admin

Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) reported its operating and unaudited financial results for the first quarter of 2014. All values are in US$ unless otherwise stated. "Talisman is a more fo...

Encana to buy producing assets in the Eagle Ford shale field in Texas for $3.1 billion
Posted On May 07 ,2014 - 05:40-PM | by admin

In a bold strategic move, Encana (TSX:ECA)(NYSE:ECA) will significantly accelerate its plan to transition its portfolio and grow shareholder value through an agreement reached with Freeport-McMoRan fo...

Anadarko Announces First-Quarter 2014 Results
Posted On May 07 ,2014 - 05:48-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) announced its financial and operating results for the first quarter of 2014, including a first-quarter net loss attributable to common stockholders of $2.669...

CGG Announces First Quarter 2014 Results
Posted On May 07 ,2014 - 05:59-AM | by admin

CGG (ISIN: 0000120164 – NYSE: CGG), world leader in Geoscience, announced today its non-audited 2014 first quarter results. First quarter results reflecting execution of contracts secured end-201...

Blaise Energy uses well head gas to power first commercial CNG production plant in the Bakken demonstrating alternative uses for flare gas
Posted On May 07 ,2014 - 05:38-AM | by admin

Blaise Energy announced they are using flare gas to supply the electrical power for a major oil operator producing CNG fuel. Blaise successfully paralleled five natural gas powered generators providin...

Statoil starts latest Gulf of Mexico drilling campaign
Posted On May 07 ,2014 - 05:30-AM | by admin

Statoil (OSE: STL, NYSE: STO) announced today that it has started its latest Gulf of Mexico exploration campaign. It started drilling Martin, a high-impact prospect, on 20 April. "We consider Marti...

TGS Increases Investment Offshore Eastern Canada
Posted On May 07 ,2014 - 05:11-AM | by admin

TGS announces the expansion of multi-client 2D surveys offshore Eastern Canada with plans to acquire more than 30,000 km of seismic data, in partnership with PGS, utilizing two vessels during the 2014...

Indus Gas issues operational update
Posted On May 07 ,2014 - 05:26-AM | by admin

Indus Gas Limited (AIM:INDI.L), an oil and gas exploration and development company with assets in India, is pleased to announce progress on the following operational matters concerning the RJ-ON/6 Blo...

Mosman Oil & Gas announce completion of Drilling Site at Petroleum Creek, NZ
Posted On May 07 ,2014 - 05:02-AM | by admin

Mosman Oil & Gas (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, has now completed the site preparation for the first two wells in the NZ drilling programm...

Songa Offshore SE release April fleet update
Posted On May 07 ,2014 - 05:19-AM | by admin

Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 96% during the month working for Mubadala Petroleum in Malaysia. The rig went off contract on May 6, and will now b...

U.S. Energy Information Administration seeks public comment on proposed expansion of natural gas and crude oil production survey
Posted On May 07 ,2014 - 05:55-AM | by admin

As a result of the rapid growth and shifting location of U.S. natural gas and crude oil production, the U.S. Energy Information Administration (EIA) is proposing expanding the geographic coverage of i...

Xcite announce collaboration agreement with Statoil and Shell
Posted On May 06 ,2014 - 05:23-PM | by admin

Xcite Energy announces that its 100% owned subsidiary, Xcite Energy Resources Ltd ("XER"), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. ("Statoil") and Shell U.K. Ltd. ("Shell")...

Hess Ranked Top Energy Company in 2014 Best Corporate Citizens List
Posted On May 06 ,2014 - 05:49-PM | by admin

Hess Corporation (NYSE: HES) today announced it has been recognized as the highest ranking energy company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens. This...

Paradigm Announces Paradigm 14 Release
Posted On May 06 ,2014 - 05:46-PM | by admin

Paradigm® announces the release of the latest version of its integrated solution suite, Paradigm® 14, to its worldwide user base. Over 700 new features and enhancements have been added to Parad...

Oliver Kinross Africa Oil & Gas Awards
Posted On May 06 ,2014 - 05:34-PM | by admin

The Oliver Kinross Africa Oil & Gas Awards is the only awards ceremony of its kind to focus solely on best practice and achievements made within Africa's booming energy industry On the 9th of Octob...

Fastnet Oil & Gas issues Foum Assaka Well Update
Posted On May 06 ,2014 - 05:04-AM | by admin

In Morocco, the FA-1 well in the Foum Assaka Offshore block has reached a total depth of 3,830 meters and will be plugged and abandoned after failing to encounter commercial hydrocarbons. The well, wh...

Salamander Energy issues Interim Management Statement
Posted On May 06 ,2014 - 05:18-AM | by admin

Salamander Energy plc issues the following Interim Management Statement for the period from 1 January 2014 to 6 May 2014. This statement is issued ahead of Salamander's Annual General Meeting which wi...

Leni gas and oil Plc announce update on GY-664, Goudron, Trinidad
Posted On May 06 ,2014 - 05:06-AM | by admin

LGO is pleased to announce that the first new development well in the Goudron Field, GY-664, successfully reached a depth of 1,680 feet at 7 am (Trinidad) on 3 May 2014, and after logging and casing w...

CAMAC Energy Announces Arrival of Drilling Rig in Nigeria
Posted On May 06 ,2014 - 05:55-AM | by admin

CAMAC Energy Inc. ("CAMAC Energy" or the "Company") (NYSE MKT: CAK) announced today that the Energy Searcher drillship, owned by Northern Offshore Ltd., has arrived in Nigeria. After taking on personn...

Nostrum announces its intentionUS effect $ 400 million bond issuer substitution and Kazakhstan Stock Exchange ("KASE") listing
Posted On May 06 ,2014 - 05:59-AM | by admin

Nostrum Oil & Gas LP (LSE: NOG.L) ("Nostrum"), the oil and gas exploration, development and production business, announces its intention to effect the substitution of Zhaikmunai LLP as the issuer, in ...

Sterling Energy announce additional farmin to Odewayne Block (Republic of Somaliland)
Posted On May 06 ,2014 - 05:30-AM | by admin

Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company (AIM: SEY), is pleased to announce that it has signed a second Farmout Agreement ("Farmout Agreement") with...

RWE Dea signs Joint Study Agreement in Azerbaijan
Posted On May 06 ,2014 - 05:46-AM | by admin

RWE Dea has signed a Joint Study Agreement with the State Oil Company of the Azerbaijan Republic (SOCAR). Both companies will evaluate the hydrocarbon prospectivity in an area south of Baku in the Cas...

End of enrollment of the Voluntary Separation Incentive Plan
Posted On May 06 ,2014 - 05:14-AM | by admin

Petrobras announces that the enrollment period for the Voluntary Separation Incentive Plan (PIDV), announced to the market on January 17, ended on March 31. Validated PIDV enrollment reached 8,298 ...

Statoil’s farm down in Shah Deniz and South Caucasus Pipeline completed
Posted On May 06 ,2014 - 05:35-AM | by admin

On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6....

Noble Energy Announces Letter Of Intent With Union Fenosa Gas For The Export Of Tamar Natural Gas To Existing LNG Facility
Posted On May 06 ,2014 - 05:25-AM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced the execution of a non-binding Letter of Intent (LOI) between the Tamar field partners and Union Fenosa Gas SA (UFG) for the supply of natural gas from T...

Dubai to host 9th Annual HR Strategies in Oil, Gas and Petrochemicals Forum
Posted On May 06 ,2014 - 05:38-AM | by admin

Dubai is set to host the 9th Annual HR Strategies in Oil, Gas and Petrochemicals Forum between 12 – 14 May 2014. Organized by Fleming Gulf, the forum will take place at Habtoor Grand Beach Resort & ...

Statoil announce 2014 First quarter results
Posted On May 02 ,2014 - 05:15-PM | by admin

Statoil's (OSE:STL, NYSE:STO) first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. "...

Johan Sverdrup PL265 Appraisal Wells 16/2-19 and 16/2-19A Completed
Posted On May 02 ,2014 - 05:44-PM | by admin

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), announces that the Johan Sverdrup appraisal well 16/2-19 found 6 metres of good quality oi...

Rose Petroleum release results from MDU in the Paradox Basin
Posted On May 02 ,2014 - 05:25-PM | by admin

Rose Petroleum ("Rose"), (AIM Ticker: ROSE), has noted that MDU Resources Group Inc. (NYSE: MDU) yesterday reported its first quarter earnings. It is of particular interest to note the activities of i...

Kea Petroleum plc gets ministerial consent
Posted On May 02 ,2014 - 05:30-PM | by admin

Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, is pleased to announce that New Zealand Ministerial Consent has been granted to the transfer of a 30% participating intere...

Petrobras says Pre-salt oil production rises 2.4% and breaks new record in March
Posted On May 02 ,2014 - 05:41-PM | by admin

Petrobras announces that its total oil and natural gas production in Brazil in March was 2,331 thousand barrels of oil equivalent per day (boed), up by 0.2% from February’s production of 2,327 thous...

Subsea 7 S.A. awarded $160 million contract in Gulf of Mexico
Posted On May 02 ,2014 - 05:36-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a three-year US$160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and...

Oil and gas discovery in the Drivis prospect
Posted On May 02 ,2014 - 05:23-PM | by admin

Statoil has together with PL532 partners made an oil and gas discovery in the Drivis prospect in the Barents Sea. This concludes the 2013/2014 exploration programme around the Johan Castberg field. W...

Chevron Reports First Quarter Net Income of $4.5 Billion
Posted On May 02 ,2014 - 05:47-PM | by admin

Chevron Corporation (NYSE: CVX) today reported earnings of $4.5 billion ($2.36 per share – diluted) for the first quarter 2014, compared with $6.2 billion ($3.18 per share – diluted) in the 2013 f...

Eni makes a new offshore oil and gas discovery in the Norwegian Barents Sea
Posted On May 02 ,2014 - 05:56-AM | by admin

Eni has made a new offshore oil and gas discovery in the Norwegian Barents Sea, approximately 230 km from Hammerfest. The well 7220/7-3S is located 6 kilometers south of the Johan Castberg area on ...

Repsol approves a new management structure
Posted On May 02 ,2014 - 05:51-AM | by admin

Repsol’s Board of Directors today approved, at the behest of the Chairman and with a favourable report from the Nomination and Compensation Committee, a significant remodelling of the executive team...

Cobalt Announces First Quarter 2014 Results
Posted On May 01 ,2014 - 05:04-PM | by admin

Provides Operational Update on its West Africa and Gulf of Mexico Operations Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $57 million, or $0.14 per basi...

CME Group Inc. Reports Solid First-Quarter 2014 Financial Results
Posted On May 01 ,2014 - 05:02-PM | by admin

CME Group Inc. (NASDAQ: CME) today reported revenues of $777 million and operating income of $454 million for the first quarter of 2014. Net income attributable to CME Group was $267 million and dilut...

African Petroleum announce listing on Oslo Axess
Posted On May 01 ,2014 - 05:42-AM | by admin

LISTING APPROVAL FROM OSLO STOCK EXCHANGE AND UPDATE ON LISTING PROCESS Reference is made to the Company’s press release on 28 April 2014 and the press release published by the Oslo Stock Exchang...

Royal Dutch Shell plc first quarter 2014 results announcement
Posted On Apr 30 ,2014 - 04:13-PM | by admin

On Wednesday, April 30, 2014 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc released its first quarter results and first quarter interim dividend announcement for 2014. First quarter...

Neste Oil signs EUR 1.5 billion revolving credit facility
Posted On Apr 30 ,2014 - 04:00-PM | by admin

Neste Oil has signed a new EUR 1.5 billion multi-currency revolving credit facility with a syndicate of 20 core relationship banks. The new facility refinances the Group's existing EUR 1.5 billion fac...

RWE Dea Egypt reaches initial production targets at natural gas project Disouq
Posted On Apr 30 ,2014 - 04:21-PM | by admin

RWE Dea successfully connected development well North West Khilala-1-4 (NWK-1-4) to production. With this well the company reached its initial production target for the natural gas project Disouq in t...

Dana Petroleum’s Western Isles Project first well successfully tested
Posted On Apr 30 ,2014 - 04:39-PM | by admin

First hydrocarbons have flowed from Dana Petroleum’s flagship Western Isles Development Project. The first production well has now been successfully completed and flow tested and a further three ...

Tullow Oil plc (Tullow) issues Interim Management Statement
Posted On Apr 30 ,2014 - 04:05-PM | by admin

Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 January to 30 April 2014, in accordance with reporting requirements of the EU Transparency Directive. This s...

Recommended Cash Offer for Heritage Oil Plc by Energy Investments Global Ltd a Wholly Owned Subsidiary of Al Mirqab Capital SPC
Posted On Apr 30 ,2014 - 04:31-PM | by admin

To be Effected by Means of a Scheme of Arrangement Under the Companies (Jersey) Law 1991 Energy Investments Global Ltd (Bidco) is pleased to announce that it has reached agreement with the Independ...

Heritage Oil Announces Results for the Year Ended 31 December 2013
Posted On Apr 30 ,2014 - 04:02-PM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL) ("Heritage" or the "Company"), an independent upstream exploration and production company, announces its results for the twelve months ended 31 December 2013. All ...

Aker Solutions Splits to Boost Competitiveness and Value Creation
Posted On Apr 30 ,2014 - 04:29-PM | by admin

Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly comp...

Aker Solutions ASA announce first-quarter results 2014
Posted On Apr 30 ,2014 - 04:25-PM | by admin

Financial Highlights • Sales rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion in the first quarter of 2013. • Earnings before interest, tax, depreciation and amortizat...

API Conveys API PIDX Trademarks and Publications to PIDX International
Posted On Apr 30 ,2014 - 04:07-PM | by admin

Petroleum Industry Data Exchange, Inc. (PIDX International) has closed on its acquisition of the PIDX trademarks and standards publications from the American Petroleum Institute (API). This gives ...

Eni unveils Italy's first liquefied natural gas fuelling station for heavy duty vehicles
Posted On Apr 30 ,2014 - 04:56-PM | by admin

Eni has today opened Italy’s first liquefied natural gas (LNG) fuelling station for heavy duty vehicles, located in Piacenza. The Piacenza LNG fuelling station is the first in a series that Eni i...

Neste Oil's restructuring of its shipping business now essentially completed
Posted On Apr 30 ,2014 - 04:53-PM | by admin

Neste Oil has completed the arrangements to sell its key vessels to companies owned by Finland's National Emergency Supply Agency and Ilmarinen and outsource its ship management functions to OSM Ship ...

Baker Hughes Declares Quarterly Dividend
Posted On Apr 28 ,2014 - 04:12-PM | by admin

Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer, Martin S. Craighead, announced that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.1...

Sound Oil plc announces Nervesa Farm out
Posted On Apr 28 ,2014 - 04:27-PM | by admin

Sound Oil, the Mediterranean focused upstream oil and gas company, is pleased to announce that it has signed non-binding heads of terms with Niche Group plc ("Niche") for a farm down of the Company's ...

Ophir release statement regarding Premier Oil
Posted On Apr 28 ,2014 - 04:49-PM | by admin

Further to recent press speculation, Ophir confirms that it recently made an approach to the Board of Premier with an indicative proposal to merge the two businesses. The Ophir Board believed that mer...

Premier announce Oil discovery at Kuda Laut, Indonesia
Posted On Apr 28 ,2014 - 04:56-PM | by admin

Premier is pleased to announce that the Kuda Laut-1 well in Tuna PSC (Premier operator, 65 per cent) offshore Indonesia has discovered 183 feet of net oil-bearing reservoir and 327 feet of net gas-bea...

Falcon Oil & Gas Ltd. Comments on Recent Share Price Movement
Posted On Apr 28 ,2014 - 04:53-PM | by admin

Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) ("Falcon" or the "Company") notes the recent movement in its share price on the TSX Venture Exchange and confirms that it is unaware of any mat...

Mosman Oil and Gas awards drilling Contract
Posted On Apr 28 ,2014 - 04:56-PM | by admin

Mosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, is pleased to provide a further operations update on its onshore Petroleum Creek...

Gulfsands announce award of Exploration and Exploitation Licence in Morocco
Posted On Apr 28 ,2014 - 04:47-PM | by admin

Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Colombia, Tunisia and...

NNPC Urges Nigerians to Embrace Usage of Cooking Gas
Posted On Apr 28 ,2014 - 04:31-AM | by admin

The Management of the Nigerian National Petroleum Corporation, NNPC, has expressed its readiness to reinvigorate and increase the domestic consumption of the liquefied natural gas otherwise known as c...

Gas development key to Nigeria's economic growth
Posted On Apr 28 ,2014 - 04:57-AM | by admin

Nigeria’s economic growth is hinged on the development of its abundant natural gas resources, Group Managing Director of the NNPC, Engr. Andrew Yakubu has stated. Engr. Yakubu disclosed this duri...

African Petroleum announce its application for listing on Oslo Stock Exchange
Posted On Apr 28 ,2014 - 04:51-AM | by admin

African Petroleum Corporation, the West Africa focused oil and gas exploration company, is pleased to announce that it applied for listing on 25 April 2014 on Oslo Axess, a regulated market being part...

AGA to build a new hydrogen production unit at Neste Oil's Porvoo refinery
Posted On Apr 28 ,2014 - 04:47-AM | by admin

este Oil and AGA, part of the Linde Group, have signed a long-term hydrogen supply agreement covering Neste Oil's Porvoo refinery, under which AGA will invest to build a new hydrogen production unit a...

Cuadrilla update on Bowland exploration programme
Posted On Apr 28 ,2014 - 04:28-AM | by admin

Cuadrilla Resources is continuing to consult with residents on proposals for two shale gas exploration sites in the Fylde. The company has been carrying out an extensive programme of public consultat...

Tapendar-1 exploration well offshore Mauritania disappoints
Posted On Apr 28 ,2014 - 04:40-AM | by admin

Tullow Oil plc (Tullow) announces that the Tapendar-1 exploration well in the C-10 licence, offshore Mauritania, has not encountered hydrocarbons and the well is being plugged and abandoned. Tapen...

Technip’s combined Annual General Meeting of April 24, 2014 Summary
Posted On Apr 24 ,2014 - 04:25-PM | by admin

Technip’s shareholders met today for the Group’s 2014 Combined Annual General Meeting and approved the following decisions: - Technip’s statutory and consolidated financial statements for the...

Neste Oil to start purchases of company shares
Posted On Apr 24 ,2014 - 04:26-PM | by admin

Neste Oil's Board of Directors has decided to exercise the buyback authorization issued by the Annual General Meeting on 3 April 2014 to purchase company's own shares. Under the authorization, the Boa...

Mediterranean Oil & Gas announce Litigation Update
Posted On Apr 24 ,2014 - 04:58-PM | by admin

The Board notes the announcement from Leni Gas & Oil Plc ("LGO") this morning on the legal claim brought by it against MOG's subsidiary Malta Oil Pty Limited. As MOG had anticipated, LGO confirmed th...

Trap Oil announce its audited results for the year ended 31 December 2013
Posted On Apr 24 ,2014 - 04:32-PM | by admin

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce its audited ...

TGS Announces Two New Projects in the Norwegian Barents Sea
Posted On Apr 24 ,2014 - 04:10-PM | by admin

TGS commences new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round. ...

Noble Energy Announces First Quarter 2014 Results
Posted On Apr 24 ,2014 - 04:02-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today first quarter 2014 net income of $200 million, or $0.55 per diluted share on total revenues of $1.4 billion. Excluding the impact of certain items which ...

Welwitschia-1 Well Spud
Posted On Apr 24 ,2014 - 04:17-AM | by admin

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited...

Bahamas Petroleum announce directorate changes
Posted On Apr 24 ,2014 - 04:52-AM | by admin

Bahamas Petroleum is pleased to announce the following changes to the board of directors of the Company ("the Board") with immediate effect. William (Bill) Schrader will join the Board as non-executiv...

Tethys Petroleum announce third successful gas well in Kazakhstan
Posted On Apr 24 ,2014 - 04:12-AM | by admin

Tethys Petroleum Limited ("Tethys") (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce the success of Well AK...

BP Agrees to Sale of Interests in Four Alaska North Slope Assets
Posted On Apr 24 ,2014 - 04:43-AM | by admin

BP announced that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northst...

Hess Announces Sale of Its Thailand Assets
Posted On Apr 23 ,2014 - 04:39-PM | by admin

Hess Corporation announced today it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax c...

Gazprom and Turkey to look into possible increase in Blue Stream capacity
Posted On Apr 23 ,2014 - 04:34-AM | by admin

Ankara hosted today a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turk...

Dana Gas’ Sukuk Win “Restructuring Deal of the Year” Award
Posted On Apr 23 ,2014 - 04:48-AM | by admin

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, is pleased to announce that it has won the “Restructuring Deal of the Year” award, recognizing the Company...

Technip agrees to sell its majority share in Seamec
Posted On Apr 22 ,2014 - 04:36-PM | by admin

Technip announced today that it has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec Limited (BSE: 526807, NSE: SEAMECLTD) to HAL Offshore Limi...

Topaz secures another West Africa contract
Posted On Apr 22 ,2014 - 04:19-PM | by admin

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for its fast growing West Africa operation...

Welwitschia-1 Drilling Operations Expected to Commence this Week
Posted On Apr 22 ,2014 - 04:39-PM | by admin

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited...

AVEVA provides Integrated Engineering and Design solutions to TOTAL E&P Nigeria Ltd
Posted On Apr 22 ,2014 - 04:51-PM | by admin

AVEVA announced that TOTAL E&P Nigeria Ltd (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach. TEPNG is the operator of a joint venture...

FX Energy Reports Successful Production Test at Tuchola-4K Well
Posted On Apr 22 ,2014 - 04:09-PM | by admin

FX Energy, Inc. (NASDAQ: FXEN) reported today that it has completed a successful production test of the Tuchola-4K well. With 70 meters of the well open, gas was allowed to flow on three different cho...

IT experts to come together in Amsterdam at the 2014 Oil and Gas Euro Cyber Security workshop
Posted On Apr 22 ,2014 - 04:19-PM | by admin

Following the success of the 2014 Oil & Gas Cyber Security workshop previously held in Abu Dhabi, UAE last January, Caxton Group is proud to announce the inception of the 2014 Oil and Gas Euro Cyber S...

4th Annual Global Petrochemicals Technology Conference
Posted On Apr 22 ,2014 - 04:30-PM | by admin

Petrochemicals conference to focus on manufacturing excellence Investments in Qatar's petrochemical industry are expected to boost its export portfolio to 23 million tons per annum by 2020. With deman...

Aker Solutions and Baker Hughes Form Subsea Production Alliance
Posted On Apr 22 ,2014 - 04:02-AM | by admin

Aker Solutions ASA (OSE:AKSO) and Baker Hughes Incorporated (NYSE:BHI) have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates an...

Todd Energy Adopts Seismic Interpretation, Formation Evaluation and Reservoir Modeling Solutions from Paradigm
Posted On Apr 22 ,2014 - 04:05-AM | by admin

The New Zealand-based company chose the integrated Paradigm product suite to replace its existing multi-vendor implementation Paradigm® (www.pdgm.com) announced today that Todd Energy, a leading e...

Noble Energy Announces Increased Quarterly Dividend
Posted On Apr 22 ,2014 - 04:15-AM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that its Board of Directors has approved a quarterly cash dividend of 18 cents per common share, which represents an increase of nearly 29 percent from t...

African Petroleum Côte d’Ivoire agree PSC Amendments ­on Blocks CI 509 and CI 513
Posted On Apr 22 ,2014 - 04:28-AM | by admin

African Petroleum Côte d’Ivoire Limited,a wholly owned subsidiary of African Petroleum Corporation Limited (NSX:AOQ) (the “Company”),and the Government of Côte d’Ivoire have agreed amendment...

Queens Award for Enterprise: International Trade
Posted On Apr 22 ,2014 - 04:55-AM | by admin

EnergyNet is delighted to announce that on the advice of the British Prime Minister, the Rt Hon David Cameron, Her Majesty Queen Elizabeth II will present EnergyNet Ltd. the Queens Award for Enterpris...

Ukrainian Minister of Energy, Yuri Prodan meets with Eni's CEO Paolo Scaroni
Posted On Apr 18 ,2014 - 04:18-AM | by admin

The Ukrainian Minister of Energy, Yuri Prodan, and Eni’s CEO, Paolo Scaroni, met today in Kiev. During the meeting, in light of the changing international scenario, Eni’s CEO and the Minister d...

Petrobras announces Pre-salt production breaks new record
Posted On Apr 18 ,2014 - 04:36-AM | by admin

Petrobras announces that on April 15, oil production in fields operated by Petrobras, in the area known as the Pre-salt Province, in the Santos and Campos Basins, reached the mark of 428 thousand barr...

Petrobras announces payment of interest on own capital
Posted On Apr 18 ,2014 - 04:13-AM | by admin

Petrobras announces it will pay on April 25th, 2014 the 1st and only installment of remuneration to shareholders related to the fiscal year 2013. The payment will be made as Interest on Own Capital (I...

Technip wins umbilical contract for Kaombo project in Angola
Posted On Apr 18 ,2014 - 04:53-AM | by admin

Technip announces that a consortium composed of Angoflex Ltda(1) (owned jointly with Sonangol) and DUCO Ltd(2), has been awarded a large(3) lump-sum contract by Total E&P Angola. The contract consists...

ShaMaran Announces Atrush-4 Well Tests Results
Posted On Apr 17 ,2014 - 04:02-PM | by admin

ShaMaran Petroleum Corp. (TSX VENTURE:SNM)(OMX:SNM) ("ShaMaran" or the "Corporation") is pleased to report the results of the Atrush-4 appraisal/development well ("AT-4") drilled in the Kurdistan Regi...

Total discovers oil in deep offshore Ivory Coast
Posted On Apr 17 ,2014 - 04:30-AM | by admin

The Total-operated Saphir-1XB exploration well on Block CI-514 proved the presence of liquid hydrocarbons in the deep offshore west of Ivory Coast. “Drilled in an abrupt margin play, this first w...

Shell announces Malaysia deep-water gas discovery
Posted On Apr 17 ,2014 - 04:47-AM | by admin

Shell today announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’ well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metre...

Total Gabon release final accounts for Y/E December 31, 2013
Posted On Apr 16 ,2014 - 04:39-AM | by admin

The Board of Directors of Total Gabon met on April 11, 2014 and approved the final accounts for the year ending December 31, 2013. Brent averaged $108.7 per barrel in 2013, versus $111.7 per barrel...

GE AND SAUDI ARAMCO LAUNCH GLOBAL INNOVATION CHALLENGE TO FIND RENEWABLE ENERGY SOLUTIONS FOR SEAWATER DESALINATION
Posted On Apr 16 ,2014 - 04:24-AM | by admin

GE ecomagination and Aramco Entrepreneurship today launched an open global technology challenge to accelerate the development of solutions focused on improving the energy efficiency of seawater desali...

GE Expands Distributed Power Presence in Brazil's Offshore Sector
Posted On Apr 16 ,2014 - 04:40-AM | by admin

Expanding its role as a leading energy technology supplier for Brazil's offshore oil and gas sector, GE's (NYSE: GE) Distributed Power business today announced it will supply four additional LM2500+G4...

New Location for the 9th Annual HR Strategies In Oil, Gas and Petrochemicals Forum Announced
Posted On Apr 16 ,2014 - 04:27-AM | by admin

Fleming Gulf's flagship HR forum for the energy sector in the Middle East, the Annual HR Strategies In Oil, Gas and Petrochemicals Forum announced Dubai as the new location for it's 9th edition. Pooja...

Technip Heerema Alliance wins major Kaombo subsea contract offshore Angola
Posted On Apr 16 ,2014 - 04:09-AM | by admin

The consortium, comprising Technip and Heerema Marine Contractors (Heerema), was awarded a major lump-sum contract by Total E&P Angola for the engineering, procurement, construction, installation ...

Tricon Geophysics, Inc. Expands Global Licenses for Paradigm Seismic Processing and Imaging Software Solutions
Posted On Apr 15 ,2014 - 04:08-PM | by admin

Seismic services firm adds EarthStudy 360 full-azimuth imaging solution to enhance the interpretation value of seismic images Paradigm® (www.pdgm.com) announced that Tricon Geophysics, Inc., a geo...

CB&I Awarded Contract for the South Caucasus Pipeline Expansion Project
Posted On Apr 15 ,2014 - 04:43-PM | by admin

CB&I (NYSE: CBI) today announced it has been awarded a contract valued in excess of $85 million by a consortium led by BP for engineering and project management services for the development of the...

Encana announce filling of preliminary prospectus for initial public offering of PrairieSky Royalty
Posted On Apr 15 ,2014 - 04:02-PM | by admin

Encana Corporation ("Encana") (TSX:ECA)(NYSE:ECA) announced today that PrairieSky Royalty Ltd. ("PrairieSky"), a wholly-owned subsidiary of Encana, has filed and obtained a receipt for a preliminary p...

OAO LUKOIL OPTIMIZES HYDROCARBON ASSET PORTFOLIO IN KAZAKHSTAN
Posted On Apr 15 ,2014 - 04:00-PM | by admin

Vagit Alekperov, OAO LUKOIL President, signed a purchase and sale agreement today that allows the company to sell its 50-percent stake in the Caspian Investment Resources Ltd to China’s Sinopec. The...

Noble Energy Announces Management Succession Plan
Posted On Apr 15 ,2014 - 04:58-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that Charles D. Davidson, Chairman and Chief Executive Officer, plans to retire May 1, 2015, and that he will leave the Board of Directors at that time. ...

Aker Solutions Wins Contract to Deliver Subsea Production System for Total's Kaombo Development in Angola
Posted On Apr 15 ,2014 - 04:03-PM | by admin

Aker Solutions won a contract worth NOK 14 billion from Total to provide a subsea production system for the Kaombo Block 32 development in Angola. Aker Solutions will deliver 20 subsea manifolds and ...

Eni: deposited candidates slates for appointment to the Saipem Board of Directors
Posted On Apr 14 ,2014 - 04:40-AM | by admin

Eni has deposited the slates of candidates for appointment to the Board of Directors and the Board of Statutory Auditors, in accordance with Articles 19 and 27 of the By-laws. With reference to Sai...

Technip wins a contract for Cargill’s new ethanol plant
Posted On Apr 14 ,2014 - 04:56-AM | by admin

The Group is strengthening its leading position in providing fermentation ethanol production technology Technip was awarded a contract comprising detailed engineering, procurement and construction ...

Total launches the development of Kaombo, an ultra-deep offshore project
Posted On Apr 14 ,2014 - 04:41-AM | by admin

Total and its joint venture partners have made the final investment decision to develop the ultra-deep offshore Kaombo project in Angola. With a production capacity of 230,000 barrels per day, Kaombo ...

Zeta Petroleum signs term sheets to acquire producing Russian oil assets
Posted On Apr 11 ,2014 - 04:54-PM | by admin

Zeta Petroleum plc, the ASX listed oil and gas exploration and production company, is pleased to announce it has signed a non-binding term sheet to acquire Stikito Ltd (‘Stikito’) a private compan...

CEPSA acquires 30% of an exploration block in Liberia
Posted On Apr 11 ,2014 - 04:43-PM | by admin

CEPSA has acquired a 30% interest in an exploration block oil in Liberia, the West African coast. This is the Block LB-10, operated by Anadarko Liberia Block 10 Company, a subsidiary of Anadarko Petro...

Oil and gas discovery near the Njord field – 6406/12-3 S
Posted On Apr 11 ,2014 - 04:39-PM | by admin

VNG Norge AS, operator of production licence 586, has concluded the drilling of exploration well 6406/12-3 S. The test results indicate a discovery far larger than expected. The well was drilled on...

KBR Names Stuart Bradie as President and Chief Executive Officer
Posted On Apr 11 ,2014 - 04:47-PM | by admin

KBR (NYSE: KBR), announced that Mr. Stuart Bradie has been named President and Chief Executive Officer of KBR, Inc., effective June 2, 2014. Mr. Bradie succeeds Mr. William "Bill" Utt, who is retiring...

GE Marks Groundbreaking of New GE Oil & Gas Manufacturing Facility in Dammam
Posted On Apr 11 ,2014 - 04:18-PM | by admin

GE (NYSE: GE) has further strengthened its commitment to localized manufacturing with the groundbreaking of the new GE Oil & Gas Manufacturing Facility, located in Second Industrial City in Dammam. Th...

New GE-Angola Joint Venture Delivers First Major Subsea Equipment Order
Posted On Apr 11 ,2014 - 04:04-PM | by admin

GE Oil & Gas (NYSE: GE) announced the first major equipment delivery by its Subsea Systems business, for a major operator, under a contract established by its Angolan joint venture (JV), GE-GLS Oil & ...

Pemex signs agreements with GDF and Total
Posted On Apr 11 ,2014 - 04:42-PM | by admin

Pemex signed two memorandums of understanding (MOUs) with the French energy companies Total and GDF Suez in order to promote technological cooperation and exchange of experiences in different fields. ...

GasLog Ltd. Announces Agreement to Purchase an Additional Three LNG Carriers from BG Group
Posted On Apr 11 ,2014 - 04:21-PM | by admin

Following the announcement today in a separate press release that GasLog Ltd. (“GasLog”) (NYSE:GLOG) has successfully completed the acquisition of three ships from Methane Services Ltd. (“MSL”...

Lukoil starts seismic survey at Block 10 in Iraq
Posted On Apr 11 ,2014 - 04:52-AM | by admin

LUKOIL Overseas (operator of LUKOIL Group's overseas upstream projects) has started a 2D seismic survey at Block 10 in the south of Iraq. 2000 linear kilometers of seismic surveys will be completed b...

Statoil and Valemon Unit partners make a gas and oil discovery in the Valemon Nord prospect in the North Sea
Posted On Apr 11 ,2014 - 04:14-AM | by admin

The discovery wells 34/10-54 S and 34/10-54 A, drilled by the drilling rig Transocean Leader, are located approximately 10 kilometres north of the planned Valemon installation.

ExxonMobil Foundation’s 2013 Educational Matching Gift Program
Posted On Apr 10 ,2014 - 04:33-PM | by admin

ExxonMobil and Employees Donate: $1.3 Million to Oklahoma Colleges and Universities $729,900 to Kansas Colleges and Universities $1.1 Million to New Jersey Colleges and Universities $3.0 Millio...

Chevron, YPF Continue Development of Vaca Muerta Shale in Argentina
Posted On Apr 10 ,2014 - 04:25-PM | by admin

Chevron Corporation (NYSE: CVX) today confirmed that subsidiaries of the company have signed agreements with the Argentine oil company YPF S.A. to continue development of shale oil and gas resources f...

Proved reserves of oil and natural gas show divergent trends reflecting large decline in natural gas prices
Posted On Apr 10 ,2014 - 04:46-PM | by admin

Crude oil reserves highest since 1976 • Largest annual increase in crude oil reserves since 1970 • Average natural gas prices fell 34% between 2011 and 2012, reducing estimate of recoverable v...

Frontera announce farmout of Taribani Field and Taribani Field Complex in Georgia
Posted On Apr 10 ,2014 - 04:10-PM | by admin

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, is pleased to announce that its wholly-owned subsidiary...

Parkmead completes acquisition to treble its stake in the Athena oil field
Posted On Apr 10 ,2014 - 04:56-PM | by admin

Parkmead is pleased to report that it has completed the previously announced acquisition of an additional 20 per cent. interest in UK production licence P.1293 (Block 14/18b ALL), containing the Athen...

Cairn Energy announces board changes - Executive Directors
Posted On Apr 10 ,2014 - 04:13-PM | by admin

Cairn announces that as part of its long term succession planning, Dr Mike Watts, Deputy CEO, and Jann Brown, Managing Director and CFO will not seek re-election at the AGM on 15 May 2014 and will sta...

Faroe Petroleum announce gas and condensate discovery at Solberg Well
Posted On Apr 10 ,2014 - 04:16-PM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announc...

Enegi Oil provides Update on Marginal Field Initiative
Posted On Apr 10 ,2014 - 04:34-PM | by admin

Enegi, the independent oil and gas company, is pleased to provide an update on its marginal field initiative through its joint venture, ABT Oil and Gas ('ABTOG'), with Advanced Buoy Technology (ABTech...

Taipan Resources Inc. Farms Out 15% of Block 2B Kenya to Tower Resources
Posted On Apr 10 ,2014 - 04:16-PM | by admin

Taipan Resources Inc. ("Taipan") (TSX VENTURE: TPN), through its wholly owned Kenya-based subsidiary Lion Petroleum Corp., has signed a binding farm-out agreement with Tower Resources (Kenya) Limited,...

CNPC and Shell sign global cooperation agreements
Posted On Apr 10 ,2014 - 04:39-AM | by admin

CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing. After a candid and friendly discussion, they signed Cooperation Documents between Shell and CNPC. According to the documents, t...

Russian pipeline gas supply to China
Posted On Apr 10 ,2014 - 04:24-AM | by admin

Gazprom and CNPC point out progress with contract for Russian pipeline gas supply via eastern route Beijing hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Commit...

Technip awarded FEED contract in Basra, Iraq
Posted On Apr 10 ,2014 - 04:36-AM | by admin

Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), was awarded by Basra Gas Company (BGC*), a front-end engineering design (FEED) contract for Ar Ratawi Natural Ga...

Petrobras announce Platform P-20 resumes production
Posted On Apr 09 ,2014 - 04:54-PM | by admin

Petrobras announces that platform P-20, installed in Marlim field, Campos Basin, restarted production on Monday, April 7, at 10:30 am. The unit was temporarily shutdown due to damage caused by a fire ...

Shell publishes 2013 Sustainability Report and payments to governments data
Posted On Apr 09 ,2014 - 04:03-PM | by admin

Royal Dutch Shell has published its Sustainability Report for 2013, which describes how it is working responsibly to help meet the world’s growing demand for energy. Shell has also published deta...

Aker Solutions to Supply Subsea Manifolds for Petrobras Pre-Salt Fields
Posted On Apr 09 ,2014 - 04:19-AM | by admin

Aker Solutions won a contract worth more than USD 300 million from Petrobras to supply eight manifolds that alternately inject water and gas to increase oil recovery from Brazil's deepwater offshore f...

Serinus Energy announce that the Olgovskoye-11 in Ukraine has commenced drilling
Posted On Apr 08 ,2014 - 04:14-PM | by admin

Serinus Energy Inc. (“Serinus Energy”, “SEN” or the “Company”) (TSX:SEN, WSE:SEN), an international upstream oil and gas exploration and production company, is pleased to announce that the...

BP Bulwer Island Refinery Processing To Halt In 2015
Posted On Apr 08 ,2014 - 04:03-PM | by admin

BP announced that it intends to halt refining operations at its 102,000 barrels per day (bpd) Bulwer Island refinery in Brisbane, Queensland by mid-2015. Andy Holmes, President of BP Australasia, ...

Saipem awarded €200 million contract for the expansion of the Versalis plant in Italy
Posted On Apr 08 ,2014 - 04:36-PM | by admin

Saipem has been awarded an E&C onshore engineering, procurement and construction contract for the expansion of the Versalis plant in Ferrara, Italy, worth approximately €200 million. The project ...

Statoil presents the 2013 Oil Sands Report
Posted On Apr 08 ,2014 - 04:23-PM | by admin

Statoil’s oil sands production decreased slightly in 2013. CO2 intensity rose due to facility maintenance and the integration of pilot technologies to reduce long-term CO2 intensity. Statoil’s 202...

JMG partners with Mitsubishi Heavy Industries to support the Privatization of the Power Sector in Nigeria
Posted On Apr 08 ,2014 - 04:28-AM | by admin

JMG Limited has always been a leader in Nigeria’s power generator industry. In order to leverage on the dynamic changes in the country’s power sector, it has signed a partnership agreement with Mi...

Shell lifts first crude oil from the Majnoon oilfield
Posted On Apr 07 ,2014 - 04:18-PM | by admin

Shell announced today that the Majnoon oilfield it operates in partnership with South Oil Company (SOC), Petronas and Missan Oil in Southern Iraq has successfully exported its first shipment of crude ...

Petroceltic provides Kurdistan Region of Iraq Operations Update
Posted On Apr 07 ,2014 - 04:47-PM | by admin

Petroceltic International plc (PCI.L) ("Petroceltic" or "the Company"), the independent oil and gas exploration company focussed on the Middle East, North Africa, Mediterranean and Black Sea regions, ...

Petrobras starts-up third well at Sapinhoá field and registers a new monthly production record in the pre-salt
Posted On Apr 07 ,2014 - 04:07-AM | by admin

Petrobras announces the start-up, on Thursday, April 3rd, of well 7-SPH-04-SPS, at a water depth of 2,120 meters, in Sapinhoá field, in the Santos Basin Pre-Salt Region. This well has an estimated pr...

EIA to begin staged release of full Annual Energy Outlook 2014
Posted On Apr 07 ,2014 - 04:49-AM | by admin

On Monday April 7, the U.S. Energy Information Administration (EIA) will begin the staged release of the complete Annual Energy Outlook 2014 (AEO2014), expanding on the AEO2014 Reference case tables a...

ExxonMobil and Employees Donate more than $44 Million to U.S. Colleges and Universities
Posted On Apr 04 ,2014 - 04:17-PM | by admin

ExxonMobil and its employees are donating $44.2 million to higher education institutions across the country as part of the ExxonMobil Foundation’s 2013 Educational Matching Gift Program, an increase...

Afren announces board appointment
Posted On Apr 04 ,2014 - 04:14-AM | by admin

Afren plc ("Afren" or the "Company") announces the appointment of Mr Iain McLaren as a Non-executive Director of the Company. He will join the Audit and Risk Committee, and eventually become its Chair...

Victoria Oil and Gas announces Logbaba Project Update in Cameroon
Posted On Apr 04 ,2014 - 04:09-AM | by admin

Highlights Commencement of gas pipeline extension under the Wouri river to Bonaberi area Preparation work begun in anticipation of May 2014 drilling start 1.03mmscf/d of customer GSA agreements a...

Anadarko Announces Settlement of Tronox Adversary Proceeding
Posted On Apr 03 ,2014 - 04:50-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced that it has entered into an agreement with the plaintiffs (the "Litigation Trust") in the Tronox Adversary Proceeding to resolve all claims a...

Leni gas and oil announce Update on, Cedros Peninsula, Trinidad
Posted On Apr 03 ,2014 - 04:37-PM | by admin

LGO today announces further progress on agreements with Beach Oilfield Limited ("BOLT") in the Cedros Peninsula of SW Trinidad with the conclusion of payments under the Data Agreement and the commence...

Genel Energy announce acquisition of interests in offshore Angola pre-salt exploration licences
Posted On Apr 03 ,2014 - 04:30-PM | by admin

Genel Energy plc (“Genel”) is pleased to announce that, together with White Rose Energy Ventures (“WREV”), it has agreed to acquire 15% working interests in Blocks 38 and 39 offshore Angola. ...

Statoil farms down in Angolan pre-salt
Posted On Apr 03 ,2014 - 04:05-AM | by admin

Statoil has signed an agreement to farm down a 15% interest to WRG Angola Block 39 Limited (“WRG”) in the Statoil-operated block 39 offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50...

CAMAC Energy Chairman and CEO to Initiate Stock Purchase Plan
Posted On Apr 03 ,2014 - 04:22-AM | by admin

Commits to Purchase up to Two Million Shares in the Open Market CAMAC Energy Inc. ("CAMAC Energy") (NYSE MKT: CAK) announced that Kase L. Lawal, Chairman and Chief Executive Officer, has adopted a...

Chariot Oil & Gas announce commencement of 3D seismic acquisition offshore Morocco
Posted On Apr 03 ,2014 - 04:51-AM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that, in conjunction with its partner, ONHYM (25%), it has commenced a 1,700...

Rosneft Acquires Orenburg Drilling Company
Posted On Apr 03 ,2014 - 04:23-AM | by admin

Rosneft completed acquisition of 100% share in Orenburg Drilling Company from VTB-Leasing Group. Acquisition of Orenburg Drilling Company is the key aspect of the program aimed at the re-equipment ...

Wingårdhs delivers the winning proposal in architectural competition
Posted On Apr 03 ,2014 - 04:39-AM | by admin

Statoil’s architectural competition for the planned new building at Forus West was won by the Swedish architects’ office Wingårdhs with the project proposal “E = mc²”. “Wingårdhs’ p...

Paolo Scaroni meets President of Mozambique
Posted On Apr 03 ,2014 - 04:43-AM | by admin

The President of the Republic of Mozambique, Armando Guebuza, and Eni’s CEO, Paolo Scaroni, met today in Bruxelles for an update on Eni’s activities and projects in the country. During the comp...

Cheniere and Endesa Sign 20-Year LNG Sale and Purchase Agreement
Posted On Apr 02 ,2014 - 04:27-PM | by admin

Cheniere signs next customer for LNG sales from Corpus Christi - Endesa contracts for approximately 1.5 million tonnes per annum of LNG Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced...

Max Petroleum announce successful appraisal well at Sagiz West
Posted On Apr 02 ,2014 - 04:12-AM | by admin

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, is pleased to announce successful drilling results of the final well in the current appraisal drilling programme in the Sagiz West Fiel...

BP Appoints New Chief Scientist
Posted On Apr 01 ,2014 - 04:00-PM | by admin

BP today announced the appointment of Dr Angela Strank to the position of BP Chief Scientist. She succeeds Dr Ellen Williams, who has been nominated as Director of the Advanced Research Projects Agenc...

Roc Oil announce proved plus probable (2P) petroleum reserves increased by 71%
Posted On Apr 01 ,2014 - 04:49-PM | by admin

HIGHLIGHTS  2P Reserves increase by 71% to 20.9 mmboe as at 1 January 2014  2C Resources increase to 48.8 mmboe  Best Estimated Prospective Risked Resource upgraded to 43.6 mmboe  ...

Roc Oil farms in Production Sharing Contract for three fields located offshore Malaysia
Posted On Apr 01 ,2014 - 04:56-PM | by admin

Roc Oil Company Limited (ASX: ROC), is pleased to announce the farm in to a Production Sharing Contract (PSC) which includes three fields D35, D21 and J4 (Fields), located offshore Malaysia in water d...

Apache to sell western Canada assets for $374 million
Posted On Apr 01 ,2014 - 04:39-PM | by admin

Apache Corporation (NYSE, Nasdaq: APA) and its subsidiaries today announced an agreement to sell producing oil and gas assets in the Deep Basin area of western Alberta and British Columbia, Canada, fo...

Primeline Commences 3D Seismic Survey in Block 33/07, East China Sea
Posted On Apr 01 ,2014 - 04:01-PM | by admin

Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSXV: PEH) announced that its contractor, China Oilfield Services Ltd. (COSL), has commenced the 3D seismic survey in Block 33/07, East C...

Repsol starts gas production at the Kinteroni field in Peru
Posted On Apr 01 ,2014 - 04:03-AM | by admin

Repsol has started gas production in the Kinteroni field, Peru, one of the ten key projects included in its 2012-2016 Strategic Plan. The field, located in Cuzco, east of Lima, Peru, will initially pr...

DONG Energy signs agreement with Marubeni Corporation and UK Green Investment Bank
Posted On Apr 01 ,2014 - 04:55-AM | by admin

DONG Energy has today signed an agreement to sell 50 per cent of the 210 megawatt UK offshore wind construction project Westermost Rough to Marubeni Corporation and UK Green Investment Bank. At com...

United Hydrocarbon Announces Successful Drilling in Chad
Posted On Apr 01 ,2014 - 04:58-AM | by admin

United Hydrocarbon International Corp. is announcing the successful results of drilling two wells on its Production Sharing Contract area in the Doba Basin, located in southern Chad. The “Belanga...

BW Offshore signs Letter of Award (LOA) with Premier Oil
Posted On Apr 01 ,2014 - 04:42-AM | by admin

BW Offshore has signed a Letter of Award (LOA) with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea. The LOA will be converted into a final contract subject to final ...

Petrobras announces oil and natural gas production in February
Posted On Apr 01 ,2014 - 04:12-AM | by admin

Petrobras announces that in February, Petrobras’ total oil and natural gas production in Brazil was 2,327,000 barrels of oil equivalent per day (boed), up 0.7% from January’s production of 2,310,0...

ExxonMobil Releases Reports to Shareholders on Managing Climate Risk
Posted On Apr 01 ,2014 - 04:18-AM | by admin

All energy sources, including carbon-based fuels, are necessary to meet future global energy demand growth as society manages the risks of climate change, ExxonMobil said today in two reports to share...

Eni signs final agreement with Statoil on revision of terms in long-term gas supply contracts
Posted On Apr 01 ,2014 - 04:51-AM | by admin

Eni has today signed the final detailed agreement with Statoil on the revision of the terms of its long-term gas supply contract. This revision reflects the changed conditions of the gas market. Th...

Dolphin secures 4 months 3D seismic contract in East Africa
Posted On Mar 31 ,2014 - 03:16-PM | by admin

Dolphin has been awarded a 3D seismic contract with a non-disclosed major Oil Company in East Africa. The survey, covering several areas to be explored, will be carried out with a Dolphin high-capacit...

Bowleven announce interim results
Posted On Mar 31 ,2014 - 03:36-PM | by admin

Bowleven, the Africa focused oil and gas exploration group traded on AIM, today announces its interim results for the six months ended 31 December 2013. OPERATIONAL UPDATE  Building on the s...

Roc Oil sells entire interest Basker Manta Gummy (BMG)
Posted On Mar 31 ,2014 - 03:15-PM | by admin

Roc Oil Company Limited (ASX: ROC) today announced that it has signed a sale and purchase agreement to sell its entire 50% participating interest in the Basker Manta Gummy (BMG) field to Cooper Energy...

Ecopetrol continues to grow in the deepwater U.S. Gulf of Mexico
Posted On Mar 31 ,2014 - 03:46-PM | by admin

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces that its U.S. affiliate (Ecopetrol America Inc.) placed the most competitive bids for 11 blocks in the "Central Planning Area Lease Sale 2...

RWE offshore wind farm attracts new investor
Posted On Mar 31 ,2014 - 03:50-PM | by admin

RWE Innogy has today agreed terms for the sale of a 10% share in its Gwynt y Môr offshore wind farm with the UK Green Investment Bank. RWE Innogy will generate £220m of new capital as a result of th...

RWE announce start of construction at Königshovener Höhe wind farm
Posted On Mar 31 ,2014 - 03:52-PM | by admin

Joint venture project of the city of Bedburg and RWE Investment volume of some € 70 million for first construction phase Senvion supplies the systems of the 3.2 megawatt class First phase due to...

Lukoil starts production at West Qurna-2 oil field in Iraq
Posted On Mar 31 ,2014 - 03:50-PM | by admin

LUKOIL has started commercial production at the West Qurna-2 oil field in Iraq today. The official ceremony was attended by Hussain al-Shahristani, Deputy Prime Minister of Iraq, Arkady Dvorkovich, De...

Oando Energy Resources extends completion date FOR acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips
Posted On Mar 31 ,2014 - 03:48-PM | by admin

Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press...

IGas Energy plc announce completion of Exploration Drilling
Posted On Mar 31 ,2014 - 03:38-PM | by admin

IGas (LSE: IGAS), one of the leading producers of onshore hydrocarbons in the UK, is pleased to announce it has completed drilling operations on the Irlam-1 well at Barton Moss in Eccles. This explor...

GE and PETRONAS Sign New Global Frame Agreement
Posted On Mar 31 ,2014 - 03:51-PM | by admin

GE (NYSE: GE) has signed a new seven-year Global Frame Agreement with PETRONAS, Malaysia’s leading oil and gas corporation. The agreement, which includes an option to renew for a further three years...

Afren plc announce 2013 Full Year Results
Posted On Mar 31 ,2014 - 03:33-PM | by admin

Record revenues and cash flows; production ahead of guidance, continued exploration success and significant balance sheet strength The Board of Afren plc (“Afren” or “the Group”) announces i...

Paradigm Names Dave Rhodes as Executive Vice President of Sales, Services and Marketing
Posted On Mar 31 ,2014 - 03:12-PM | by admin

Rhodes will leverage over 15 years of experience in sales leadership to further increase the company’s market share Paradigm® (www.pdgm.com) today announced the appointment of Dave Rhodes to th...

Husky Energy Delivers Production at the Liwan Gas Project in the South China Sea
Posted On Mar 31 ,2014 - 03:54-AM | by admin

Husky Energy (TSX:HSE) and CNOOC Limited have commenced first production at the landmark Liwan Gas Project in the South China Sea. "Liwan is Husky's largest project to date and places us inside the...

Repsol and Indra develop a safety system to detect hydrocarbons, the first of its kind in the world
Posted On Mar 31 ,2014 - 03:38-AM | by admin

Repsol and Indra have jointly developed the world’s first water-based hydrocarbon leak early detection system, which will further increase safety conditions at all its facilities.

Repsol shareholders back the agreement between the Government of Argentina and the company
Posted On Mar 31 ,2014 - 03:47-AM | by admin

Repsol’s Annual General Meeting approves YPF compensation agreement Repsol’s Executive Chairman, Antonio Brufau presented the “Convenio de Solución Amigable y Avenimiento de Expropiación” t...

CNOOC announce its annual results for the year ended December 31, 2013
Posted On Mar 31 ,2014 - 03:15-AM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced its annual results for the year ended December 31, 2013. In 2013, the Company continued to increase its investment in e...

Total and InterOil close Elk-Antelope gas field Transaction
Posted On Mar 31 ,2014 - 03:11-AM | by admin

Total and InterOil Corporation have closed a revised sales and purchase agreement covering the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea. Under the revised agreem...

Technip certified as Top Employer in 19 countries
Posted On Mar 31 ,2014 - 03:55-AM | by admin

Technip is proud to announce that it has been certified as a Top Employer 2014 in 19 countries. This independent certification, delivered by the Top Employers Institute, underlines the quality of Tech...

Espírito Santo in Brazil
Posted On Mar 31 ,2014 - 03:38-AM | by admin

Statoil has received formal approval to enter the São Bernardo discovery in Espírito Santo. The discovery further strengthens Statoil's belief in the oil potential in the basin. On 19th March, Ag...

Lekoil issues OPL 310 Operations Update
Posted On Mar 28 ,2014 - 03:35-AM | by admin

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, provides an update on activities in OPL 310 offshore Nigeria. OPL 310 contains the Ogo d...

Sonde Resources Corp. release of its financial and operating results for the year ended December 31, 2013
Posted On Mar 28 ,2014 - 03:47-AM | by admin

Sonde Resources Corp. ("Sonde" or the "Company") (TSXV:SOQ) (NYSE MKT: SOQ) announced today the release of its financial and operating results for the year ended December 31, 2013. Message to Shar...

Foster Wheeler and Kentz Joint Venture Company awarded contracts by Shell for Majnoon Oil Field development in Iraq
Posted On Mar 28 ,2014 - 03:40-AM | by admin

Foster Wheeler Kentz Energy Services DMCC, the Dubai-based joint venture company of Foster Wheeler and Kentz, announced that it has been awarded framework contracts by Shell Iraq Petroleum Development...

Maire Tecnimont signs agreement for a petrochemical complex in Egypt
Posted On Mar 28 ,2014 - 03:37-AM | by admin

Agreement signed with Carbon Holdings for the EPCC contract relating to the Utilities and Offsite Facilities for the Tahrir Petrochemical Complex Overall Project value is expected to be approxima...

Chevron Acquires Shallow Water Acreage Offshore Myanmar
Posted On Mar 27 ,2014 - 03:04-AM | by admin

Exploration lease in prospective Rakhine Basin awarded in bid round Chevron Corporation (NYSE: CVX) today announced its Myanmar subsidiary, Unocal Myanmar Offshore Co., Ltd., has been granted explor...

Tullow issues update on Blocks 10BB and 13T onshore Kenya
Posted On Mar 27 ,2014 - 03:42-AM | by admin

Tullow Oil plc (Tullow) announces the results of a series of recent exploration and appraisal activities conducted by the four rigs currently operating in Blocks 10BB and 13T onshore Kenya. The Emo...

Chevron Demonstrates Advanced Protection of Delo 400 XLE 10W-30 at 2014 Mid-America Trucking Show
Posted On Mar 27 ,2014 - 03:11-AM | by admin

Chevron Products Company, a Chevron U.S.A. Inc. division, maker of the Delo brand of technologically advanced engine oils, lubricants and coolants, today announced plans to conduct a live teardown of ...

Eni to invest €125 million at Versalis Mantua to consolidate production and expand research
Posted On Mar 27 ,2014 - 03:08-AM | by admin

Eni will invest €125 million in its Versalis plant in Mantua to under the Group’s 2014/17 four-year strategic plan. Versalis is an environmentally and economically sustainable plant which links th...

Polymet Growing Business in the Middle East
Posted On Mar 27 ,2014 - 03:05-AM | by admin

Polymet Corporation, a leading manufacturer of hardfacing, welding and thermal spray wire and powder will be traveling to Dubai in early April to visit Tech International LLC, Polymet’s regional dis...

CGG and Baker Hughes Sign Exclusive Long-Term RoqSCAN Agreement as Part of Shale Science Alliance
Posted On Mar 26 ,2014 - 03:02-PM | by admin

CGG (NYSE/Euronext: CGG) announced today that it has signed an exclusive agreement with Baker Hughes Incorporated (NYSE: BHI) for RoqSCANTM technology offered by CGG. RoqSCAN is a real-time, fully ...

Statoil awarded exploration acreage offshore Myanmar
Posted On Mar 26 ,2014 - 03:01-AM | by admin

Together with partner ConocoPhillips, Statoil has been awarded a deep-water exploration block in the Myanmar waters of Bay of Bengal. Block AD-10 cover more than 9,000 km2, and is located 200 km fr...

20th Western Africa Oil, Gas/LNG & Energy 2014 Conference, Windhoek, Namibia, 15-16 April 2014
Posted On Mar 25 ,2014 - 03:28-PM | by admin

Ministry of Petroleum, Angola speaking in Windhoek, Namibia, April 15, 2014 Global Pacific & Partners hosts it’s 20th Western Africa Oil, Gas/LNG & Energy 2014 Conference, at the Country Club, Wi...

Nigeria to Grow Domestic Gas Consumption from 1.7bcf to 5.4bcf by 2019
Posted On Mar 24 ,2014 - 03:04-PM | by admin

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Engr. Andrew Yakubu announced that the prevailing gas infrastructure component of the Gas Master plan is designed to ...

Ophir announces completion of sale of 20% interest in Blocks 1, 3 and 4, Tanzania to Pavilion Energy
Posted On Mar 24 ,2014 - 03:40-PM | by admin

Ophir Energy plc (“Ophir” or “the Company”) is pleased to announce that the transaction reported on 14 November 2013 to sell a 20% interest in Blocks 1, 3 and 4, Tanzania to Pavilion Energy ha...

Frontier provides farm-out update for Namibia and Zambia
Posted On Mar 24 ,2014 - 03:10-PM | by admin

The Board of Frontier (AIM Ticker: FRI), the AIM - traded international oil and gas exploration company with assets in Oman, Zambia and Namibia is pleased to provide shareholders with an operational u...

Ghana parliament ratifies petroleum agreement for Expanded Shallow Water Tano Block
Posted On Mar 24 ,2014 - 03:37-PM | by admin

Ghana's Parliament ratified the petroleum agreement among the government of Ghana and five organisations for the exploration of oil in the Expanded Shallow Water Tano Block. The organisations are th...

Petrofac awarded EP contract in Oman
Posted On Mar 24 ,2014 - 03:07-PM | by admin

Petrofac, the international service provider to the oil and gas industry, has been awarded an Engineering and Procurement (EP) contract by Petroleum Development Oman (PDO) to provide services for its ...

DOFAS offers O&G companies independent and neutral assessment for Digital Oilfield Programs
Posted On Mar 24 ,2014 - 03:20-PM | by admin

Digital Oilfield Assessment Services (DOFAS) has been created by seasoned O&G consultants and SMEs, specialists in Digital Oil Field development and operations. They have joined forces to offer indepe...

Anadarko Petroleum Corporation (NYSE: APC) today issued the following statement in response to today's favorable ruling in the Deepwater Horizon Trial
Posted On Mar 24 ,2014 - 03:24-AM | by admin

Al Walker, Anadarko Chairman, President and CEO stated "Today's ruling is consistent with previous Court determinations that we were not at fault for the Deepwater Horizon event. We look forward to se...

Panoro Energy provides an update on the OML 113 license (Aje field) in Nigeria
Posted On Mar 24 ,2014 - 03:16-AM | by admin

Panoro Energy ASA is pleased to announce that a Field Development Plan (FDP) to develop the Aje Field has been approved by the Department of Petroleum Resources (DPR) in Nigeria. Panoro also announce ...

Neste Oil and Concordia Maritime to sell their jointly owned tankers
Posted On Mar 19 ,2014 - 03:48-PM | by admin

Neste Oil and Concordia Maritime have decided to sell Panamax tankers, the Stena Poseidon and the Palva, which they own through jointly held companies, to Transport Maritime St-Laurent Inc.of Canada. ...

Petróleo Brasileiro S.A. announce start-up of Platform P-58 in Parque das Baleias
Posted On Mar 18 ,2014 - 03:45-PM | by admin

Petrobras announces that the production platform P-58 started-up operation this Monday (03/17/14) in the complex known as Parque das Baleias, off the coast of Espírito Santo state in Campos Basin, in...

The 1st National Forum for the Gabon Oil & Gas Industry receives full support from the Ministry of Petroleum and Hydrocarbons
Posted On Mar 18 ,2014 - 03:10-PM | by admin

The Ministry of Petroleum and Hydrocarbons today has pledged its full support to the inaugural Gabon Oil & Gas Forum, taking place on May 6-7, 2014. Organised by The Energy Exchange, the launch of the...

Imperial Agrees to Sell Certain Western Canada Conventional Oil and Gas Assets
Posted On Mar 17 ,2014 - 03:55-PM | by admin

Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for a...

Paradigm to Present Solutions for Unconventional Plays, G&G Interpretation, Geologic Modeling, Formation Evaluation and Facies Determination at AAPG 2014
Posted On Mar 17 ,2014 - 03:41-PM | by admin

Solution demonstrations showcase high science, product integration and interconnectivity, and multi-user collaboration to ensure advanced science for everyone. Paradigm® will feature its latest i...

Saipem awarded € 2 billion contract for the South Stream Offshore Pipeline
Posted On Mar 17 ,2014 - 03:34-PM | by admin

Saipem has been contracted by South Stream Transport B.V. for the construction of the first line of the South Stream Offshore Pipeline, from Russia to Bulgaria across the Black Sea, for a total value ...

PetroNeft provides funding and operations update
Posted On Mar 17 ,2014 - 03:48-PM | by admin

AIM-listed PetroNeft Resources, owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has announced a funding and operations update. Highlights $6.7 million fundraising consi...

Fastnet announce Operational Update on Foum Assaka Well FA-1, offshore Morocco
Posted On Mar 17 ,2014 - 03:33-PM | by admin

Fastnet Oil & Gas Plc ("Fastnet") (AIM: FAST, ESM: FOI), the E&P company focused on exploration acreage in Africa and in the Celtic Sea, is pleased to announce that its partner and operator in the Fou...

Oilex announce Cambay Basin - Cambay-77H Fracture Stimulation Contractor
Posted On Mar 17 ,2014 - 03:01-PM | by admin

Schlumberger has been awarded the fracture stimulation services contract for Cambay-77H Programme is based upon Plug and Perf method consisting of four stages Equipment and personnel will mobilise a...

Cairn energy announce Morocco operational update
Posted On Mar 17 ,2014 - 03:02-PM | by admin

The following operational update relates to Cairn’s 2014 exploration drilling campaign on the JM-1 well, offshore Morocco, where operations commenced in January 2014. The JM-1 well (Cairn Working...

Caracal Energy and TransGlobe Energy Announce Proposed Business Combination to Create One of the Largest Independent Africa Focused Oil Producers
Posted On Mar 17 ,2014 - 03:35-PM | by admin

Caracal Energy Inc. (LSE:CRCL) ("Caracal") and TransGlobe Energy Corporation (TSX:TGL)(NASDAQ:TGA) ("TransGlobe") announced today that they have entered into an agreement (the "Arrangement Agreement")...

Pipeline Simulation Conference Comes to Baltimore, Maryland
Posted On Mar 17 ,2014 - 03:16-AM | by admin

Once a leading port of entry to the United States for immigrants, Baltimore will see an influx of pipeline simulation experts, researchers and vendors from around the world to attend the Forty Fifth A...

BP is allowed back into the fold
Posted On Mar 14 ,2014 - 03:40-PM | by admin

BP Reaches Administrative Agreement with EPA Resolving Suspension and Debarment bp

Licence Blocks A1 and A4 The Gambia
Posted On Mar 14 ,2014 - 03:51-AM | by admin

African Petroleum Corporation Limited (NSX: AOQ) (the “Company”) advises that its wholly owned subsidiary African Petroleum Gambia Limited (“AP Gambia”) has lodged Requests for Arbitration wit...

Exploration drilling of the Boni prospect in the Baronang PSC, Natuna Sea, Indonesia completed
Posted On Mar 13 ,2014 - 03:37-PM | by admin

Lundin PetroleumAB (Lundin Petroleum) announces that the exploration drilling of the Boni prospect in the Baronang PSC, Natuna Sea, Indonesia has been completed.

Van Oord awarded large dredging contract in Kuwait
Posted On Mar 13 ,2014 - 03:25-PM | by admin

Van Oord has been awarded a land reclamation project in Kuwait. The client is the Kuwait National Petroleum Company (KNPC). The contract value amounts to approximately EUR 500 million. The project ...

Tullow Asserts Force Majeure Event on Offshore Guinea Project
Posted On Mar 13 ,2014 - 03:16-PM | by admin

Hyperdynamics Corporation (NYSE: HDY) announced that Tullow Guinea Limited ("Tullow") asserted on March 11, 2014 to the Government of Guinea and members of the Consortium its claim that there has been...

Oryx announces successful results of BAN-1 Exploration Well in Kurdistan Region of Iraq
Posted On Mar 13 ,2014 - 03:30-AM | by admin

Fourth Consecutive Discovery in Hawler License Area Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces that the successful testing of the BAN-1 expl...

Gulf Keystone announce third-party audit of the company's Kurdistan reserves and contingent resources
Posted On Mar 13 ,2014 - 03:44-AM | by admin

Gulf Keystone today announces the release of the first third-party evaluation of the Company's Reserves, Contingent Resources and Prospective Resources for the Shaikan field and its other petroleum in...

Apache completes sale of Argentina operations to YPF Sociedad Anonima
Posted On Mar 13 ,2014 - 03:42-AM | by admin

Apache Corporation (NYSE, Nasdaq: APA) today announced it has completed the previously disclosed sale of its Argentina operations and properties to YPF Sociedad Anonima for cash payment of US $800 mil...

RWE Dea continues successful development of gas resources in Egypt
Posted On Mar 13 ,2014 - 03:41-AM | by admin

The development of RWE Dea’s natural gas project Disouq in the Egyptian Nile Delta is progressing successfully. The company confirmed another positive appraisal of the North West Khilala (NWK) Gas F...

Petrobras confirms deep-water discovery in Potiguar Basin
Posted On Mar 13 ,2014 - 03:32-AM | by admin

Petrobras announces that it has completed drilling wildcat well 1-BRSA-1205-RNS (1-RNS-158), located in deep-waters of the Potiguar Basin. The results confirm the discovery of intermediate oil (24º A...

Shell management day 2014 presentation
Posted On Mar 13 ,2014 - 03:20-AM | by admin

Shell’s CEO Ben van Beurden today reinforces his priorities for the company in presentations to financial markets. Shell’s strategy is founded on technological expertise, disciplined capital in...

Oil & Gas Cyber Security Training Course to be hosted in Dubai this April
Posted On Mar 12 ,2014 - 03:59-PM | by admin

Cyber security is a growing concern within the oil & gas sector nowadays. Cyber threats to oil and gas suppliers signifies an increasingly challenging problem for national security and economic compet...

Neste Oil Rally Helsinki Battle - a unique urban rally on 26 July
Posted On Mar 12 ,2014 - 03:22-AM | by admin

Neste Oil has been the title sponsor of the FIA World Rally Championship rally held in Finland for the past 20 years. To celebrate this year's anniversary, Neste Oil is to bring a headline rally event...

ABB gets $60 million telecom contracts for Statoil platforms
Posted On Mar 12 ,2014 - 03:14-AM | by admin

ABB, the leading power and automation technology group, has won three orders worth $60 million for internal and external telecommunication systems for three Statoil projects on the Norwegian Continent...

South Stream transport to sign contract for laying first string of South Stream’s offshore section in March 2014
Posted On Mar 12 ,2014 - 03:04-AM | by admin

Alexey Miller, Chairman of the Gazprom Management Committee took part today in the South Stream Transport Supervisory Board meeting in Zurich (Switzerland). The Board members approved the signing o...

Atlas Pipeline Partners Retains Citigroup Global Markets
Posted On Mar 12 ,2014 - 03:00-AM | by admin

To Sell Its Interest In West Texas LPG Pipeline Limited Partnership Atlas Pipeline Partners, L.P. (NYSE: APL) ("APL", "Atlas Pipeline", or the "Partnership") announced today that it has retained Citi...

Renewed focus on workforce training necessary in U.S.
Posted On Mar 11 ,2014 - 03:19-PM | by admin

Tillerson Urges Construction Unions to Support Pro-Growth Energy Policies U.S. energy sector employees can help accelerate economic growth and employment by supporting sound energy policies and edu...

Belzona Presenting at European Offshore & Energy on April 8
Posted On Mar 11 ,2014 - 03:23-PM | by admin

On the 8th of April 2014, Colin Bateman, Belzona Polymerics Technical Service Manager, will be talking about the latest developments in process vessel internal erosion and corrosion management solutio...

InterOil Begins Drilling Wahoo-1, Second of up to Eight Wells in $300M Campaign
Posted On Mar 11 ,2014 - 03:45-PM | by admin

InterOil Corporation (NYSE: IOC) (POMSoX: IOC) today announced it had started drilling the Wahoo-1 exploration well in Papua New Guinea following approval by the Papua New Guinea Department of Petrole...

TOYO Awarded LNG Regasification Plant Project in India
Posted On Mar 11 ,2014 - 03:42-PM | by admin

Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) has been awarded a regasification plant project by Petronet LNG Ltd, India. The plant is to be constructed at Dahej, located ...

Chevron Reaffirms Strategies, Highlights Performance, Portfolio and Future Growth
Posted On Mar 11 ,2014 - 03:38-PM | by admin

Chevron Corporation (NYSE: CVX) is continuing to generate industry-leading operational and financial results and advancing key projects to drive future growth, executives said today at the company's a...

CME Group Receives Regulatory Approval for Launch of its European Exchange
Posted On Mar 11 ,2014 - 03:52-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced today it has received approval from the United Kingdom's Financial Conduct Authority (FCA) for a London-based derivat...

Contract awards for Barents seismic
Posted On Mar 11 ,2014 - 03:45-PM | by admin

WesternGeco and PGS have been awarded contracts for seismic acquisition in the southeastern Barents Sea. The surveys cover blocks proposed for the 23rd concession round by the Norwegian Ministry of...

Review of financial reporting for Statoil's 2012 annual report completed
Posted On Mar 11 ,2014 - 03:41-AM | by admin

Finanstilsynet (The Financial Supervisory Authority of Norway) has completed a periodic review of the consolidated financial statements of Statoil ASA (OSE:STL, NYSE:STO) for 2012. The review has cov...

US concerned about Illicitly Obtained Oil From Libya
Posted On Mar 11 ,2014 - 03:21-AM | by admin

The United States is deeply concerned by reports that a vessel sailing under the name Morning Glory is loading a cargo of illicitly obtained oil at the Libyan port of As-Sidra. This action is coun...

Global Energy announce Farm-out Agreement signed for Bolivar Association Contract Area
Posted On Mar 10 ,2014 - 03:53-PM | by admin

Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company (AIM: GED) with operations in Colombia, is pleased to announce that it has signed a f...

Swala Secures Funding for Multi-Well Drilling Program
Posted On Mar 10 ,2014 - 03:13-PM | by admin

Swala Energy Limited (“Swala” or “the Company”) is pleased to announce the signing of a binding farm-out agreement for a 25% working interest in Block 12B (Kenya) with an international integra...

SacOil announce operations Update
Posted On Mar 10 ,2014 - 03:05-PM | by admin

SacOil, the South African based independent African oil and gas company listed on the JSE and AIM (JSE: SCL / AIM: SAC), is pleased to provide the following update on its on-going operational activiti...

Petrobras confirms discovery of good quality oil in Transfer of Rights area
Posted On Mar 08 ,2014 - 03:14-PM | by admin

Petrobras announces that it has completed drilling two wells located in the Transfer of Rights area, at Santos Basin. Results have confirmed the discovery of good quality oil in the pre-salt reservoi...

Royal Dutch Shell plc fourth quarter 2013 Euro and GBP equivalent dividend payments
Posted On Mar 07 ,2014 - 03:21-PM | by admin

The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2013 interim dividend, which was announced on ...

IndianOil signs transaction agreement with PCC BV
Posted On Mar 07 ,2014 - 03:48-PM | by admin

Indian Oil Corporation Limited (IOCL) through its wholly owned affiliate IndOil Montney Ltd, Canada have signed transaction agreements with Progress Energy Canada Ltd. (Progress Energy Canada), PETRON...

Ministry of Oil and Gas of Oman, approved Masirah’s entry into the Second Phase
Posted On Mar 07 ,2014 - 03:11-PM | by admin

Masirah Oil Limited (“Masirah”) is pleased to announce that the Ministry of Oil and Gas of Oman, approved Masirah’s entry into the Second Phase of the Minimum Work Obligation starting from 23 ...

Discovery at the second exploration well in Block 50 Oman
Posted On Mar 07 ,2014 - 03:07-PM | by admin

Masirah Oil Limited (“Masirah”) today announced the test flow rates of the previously announced discovery at the second exploration well in Block 50 Oman, were very encouraging. The explorati...

DeepWater Buoyancy Delivers Flotation Technologies Marine Measurements and Offshore Oil & Gas Products
Posted On Mar 07 ,2014 - 03:23-AM | by admin

First orders shipping to Woods Hole Oceanographic Institute and FMC Teledyne RDI partner product line re-launched DeepWater Buoyancy, Inc. has re-launched the reliable, time-tested oceanography/m...

Esso Angola Awards Welltec a Direct Contract for Services in West Africa
Posted On Mar 07 ,2014 - 03:45-AM | by admin

Welltec Corporation, a Danish based, oil and gas services company, is pleased to announce the award of a three year, direct contract from Esso Exploration Angola (Block 15) Limited (Esso Angola), Op...

TTethys Petroleum Limited announce successful First Gas Well of 2014 Programme
Posted On Mar 07 ,2014 - 03:03-AM | by admin

Tethys Petroleum Limited ("Tethys") (TSX:TPL) (LSE:TPL), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that AKK17, the first...

Neste Oil took even stronger stand against deforestation in 2013 - all sustainability results from 2013 published
Posted On Mar 07 ,2014 - 03:24-AM | by admin

Neste Oil has published its Sustainability Report for 2013, which contains the results of the Neste Oil Sustainable Way program last year. The report can be found in English at

Petrobras announces Oil and natural gas production in January
Posted On Mar 07 ,2014 - 03:59-AM | by admin

Petrobras announces that January’s total oil and natural gas production in Brazil was 2,310,000 barrels of oil equivalent per day (boed), down by 2.2% from the December 2013, that was 2,362,000 boed...

Petrobras reports a production record of 40,000 barrels per day at Cascade and Chinook per day
Posted On Mar 07 ,2014 - 03:13-AM | by admin

Petrobras announces that, on March 04th, 2014, production at Cascade and Chinook fields hit 40,000 barrels per day. This figure represents a new production record for the fields, which produce through...

Neste Oil together with its Dutch partners win a Sustainable Bio Award for their work on sustainable aviation biofuel
Posted On Mar 06 ,2014 - 03:55-AM | by admin

Neste Oil together with its Dutch partners win a Sustainable Bio Award for their work on sustainable aviation biofuel

Technip wins Jangkrik subsea package in Indonesia
Posted On Mar 06 ,2014 - 03:42-AM | by admin

Leveraging its unique subsea vertical integration and strong presence in Asia

RWE Dea and Lionsraw secure the long-term future of the Cleveland Juniors Football Club in Middlesbrough
Posted On Mar 05 ,2014 - 03:29-PM | by admin

Last Tuesday, the first sod of turf was turned for a new club house for the Cleveland Juniors Football Club in Middlesbrough in northern England. With support from RWE Dea, the Football Foundation and...

ExxonMobil to Start Production at Record Number of New Oil and Gas Projects in 2014
Posted On Mar 05 ,2014 - 03:10-PM | by admin

Ten major projects to add new capacity of 300,000 net oil equivalent barrels per day this year

Oil and Gas Logistics Forum features Best Practices in Material Handling
Posted On Mar 05 ,2014 - 03:42-AM | by admin

The 3rd Logistics in Oil, Gas and Petrochemical Industry Forum to feature speakers from leading NOC from UAE. Future development of energy logistics is dependent on the expansion of the oil, gas an...

Technip awarded contract to provide onshore FEED for world’s first commercial gas carbon capture and storage project in Scotland
Posted On Mar 05 ,2014 - 03:36-AM | by admin

Project supports development of key technology to reduce carbon emissions Technip has been awarded a contract by Shell UK Limited to provide front-end engineering design (FEED) for the onshore el...

U.S. Court Declares Ecuador Judgment Against Chevron Corporation Fraudulent, Unenforceable
Posted On Mar 05 ,2014 - 03:24-AM | by admin

The U.S. District Court for the Southern District of New York today ruled that the $9.5 billion judgment against Chevron Corporation in Ecuador was the product of fraud and racketeering activity, find...

Decision taken to discontinue gas price discount for Ukraine starting from April
Posted On Mar 04 ,2014 - 03:51-PM | by admin

A working meeting took place today between Russian Prime Minister Dmitry Medvedev and Gazprom Management Committee Chairman Alexey Miller. Alexey Miller reporting to Dmitry Medvedev that Gazprom reso...

Oryx Petroleum Corporation Limited Announces Testing Confirms Discovery Offshore Congo (Brazzaville)
Posted On Mar 04 ,2014 - 03:13-PM | by admin

Testing Confirms Reservoir Qualities and Fluid Characteristics Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announced that the testing of the E-1 explorati...

BP to Form Separate Business to Manage US Lower 48 Onshore Oil and Gas Assets
Posted On Mar 04 ,2014 - 03:05-PM | by admin

The move is expected to improve competitiveness, helping US Lower 48 onshore business remain at the forefront of innovation and development of technologies for unconventional resources

Africa Oil Announces Farmouts in the Rift Basin Area and Adigala Blocks in Ethiopia
Posted On Mar 04 ,2014 - 03:30-PM | by admin

Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that it has received Ethiopian government approval in respect of two farmout agreements: Marathon ...

OER Extends Completion Date For Acquisition of Conocophillips Nigerian Assets
Posted On Mar 04 ,2014 - 03:51-PM | by admin

Oando PLC through its subsidiary Oando Energy Resources (OER) has entered into an agreement with ConocoPhillips (COP) to extend the outside date for completion of the acquisition of COP’s Nigerian a...

Chevron Corporation Statement on U.S. Federal Court RICO and Fraud Decision
Posted On Mar 04 ,2014 - 03:34-PM | by admin

The U.S. District Court for the Southern District of New York today ruled that the $9.5 billion judgment against Chevron Corporation in Ecuador was the product of fraud and racketeering, finding it un...

OER Extends Completion Date For Acquisition of Nigerian Upstream Oil and Gas Business of Conocophillips
Posted On Mar 04 ,2014 - 03:39-PM | by admin

Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that, further to its...

Anadarko Announces 2014 Capital Program and Guidance
Posted On Mar 04 ,2014 - 03:51-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced its 2014 capital expectations and guidance, concurrent with the company's Investor Conference in Boston, Mass.

CME Group Volume Averaged 14.0 Million Contracts per Day in February 2014, Up 2 Percent from February 2013 and Up 8 Percent from January 2014
Posted On Mar 04 ,2014 - 03:50-PM | by admin

Eurodollar futures average daily volume increased 21 percent and Eurodollar options increased 92 percent - Natural Gas average daily volume increased 29 percent - Dubai Mercantile Exchange average d...

Adopting global best practices to arrest corrosion
Posted On Mar 03 ,2014 - 03:50-PM | by admin

Michael Surkein, Senior Materials and Corrosion Consultant at ExxonMobil - USA to present at the 3rd Annual Corrosion Management Summit Floating Production, Storage and Offloading - FPSO provides a...

Circle Oil Plc give operations update on Egypt
Posted On Mar 03 ,2014 - 03:49-PM | by admin

Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, is pleased to announce the following update regarding the Al Amir SE Field ("AASE") and the Ge...

Jura Announces Commencement of Drilling at the Haleema Prospect in the Badin IV South Block
Posted On Mar 03 ,2014 - 03:06-PM | by admin

Jura Energy Corporation (“Jura”) announced today that drilling has commenced at the Haleema-1 exploratory well in the Badin IV South block which is located in the prolific oil and gas Lower Indus ...

Rolls-Royce shares next generation engine designs
Posted On Mar 03 ,2014 - 03:27-PM | by admin

Rolls-Royce today shared details of its next generation of engine designs, which could be ready within ten years, featuring technology innovation designed to transform performance. The company has ...

COMESA Adopts Paradigm Software to Support Its Expansion into Latin America and Texas Oil & Gas Plays
Posted On Mar 03 ,2014 - 03:07-PM | by admin

Using different tools including Paradigm interpretation and modeling solutions, COMESA achieves 40% time reduction from seismic acquisition to first oil production for Mexico client.

Neste Oil's premium-quality NEXBTL renewable solutions to be profiled at World Bio Markets in Amsterdam, 4-6 March
Posted On Mar 03 ,2014 - 03:29-PM | by admin

Neste Oil, the world's leading producer of renewable diesel, will be one of the companies taking part in the World Bio Markets event held in Amsterdam between 4 and 6 March. The focus of the company's...

Statoil’s Zafarani reservoir in Tanzania Block 2 successfully tested
Posted On Mar 03 ,2014 - 03:09-PM | by admin

Statoil and co-venturer ExxonMobil today announce the results from their first drill stem test in the Tanzania Block 2 offshore discoveries.

Dana Gas Upgrades El Wastani Plant in Egypt to Increase Production by 25%
Posted On Mar 03 ,2014 - 03:39-PM | by admin

Scheduled upgrade and maintenance work on the El Wastani gas plant to commence on the 28th February 2014 and take approximately two weeks • The upgrade will allow production output capacity to incr...

Belzona to Exhibit Latest Innovations in Polymer Technologies at CIPPE 2014
Posted On Mar 02 ,2014 - 03:15-PM | by admin

Belzona Polymerics Ltd., a leader in the manufacturing of protective coatings and repair composites, will be showcasing its innovations in polymer technologies at the 14th China International Petroleu...

Victoria Oil & Gas release corporate video "On the Ground in Douala" - Operations Film
Posted On Feb 28 ,2014 - 02:37-PM | by admin

Victoria Oil & Gas, the emerging African energy utility company, announces that a new corporate video is now available on the Company's website (www.victoriaoilandgas.com) encompassing an overview of ...

PGS Announces New MultiClient GeoStreamer® Surveys in Côte D’Ivoire
Posted On Feb 28 ,2014 - 02:48-PM | by admin

Two new PGS MultiClient GeoStreamer® surveys offshore Côte d’Ivoire drive further exploration success in the Atlantic Equatorial Transform Margin. Petroleum Geo-Services (PGS), with local part...

VAALCO Energy Provides Update On Operations offshore Gabon
Posted On Feb 28 ,2014 - 02:52-PM | by admin

VAALCO Energy, Inc. (NYSE: EGY) today provided the following update on recent activities.

Roxi petroleum issues Galaz operational update
Posted On Feb 28 ,2014 - 02:53-PM | by admin

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at its Galaz assets. The Galaz block is located in the Kyzylorda Ob...

Neste Oil and DONG Energy to begin cooperation on technology development for renewable fuels
Posted On Feb 28 ,2014 - 02:55-PM | by admin

Neste Oil, the world's largest producer of premium-quality renewable fuels, has joined forces with DONG Energy, one of the leading energy groups in Northern Europe, to develop an integrated process to...

Lynx - The Hazardous Area Ethernet Switch Solution for the Global market
Posted On Feb 28 ,2014 - 02:26-PM | by admin

Westermo is delighted to announce the release of a significant extension to its range of compact and ultra-reliable managed Ethernet switches. The lynx range has been enhanced with 10 new models desig...

Technip awarded contract in Brunei
Posted On Feb 28 ,2014 - 02:23-PM | by admin

Technip has been awarded a significant* contract by Total E&P Borneo B.V.,covering engineering, procurement, supply, construction and commissioning (EPSCC).

Pan Orient Provides Operational Update on its Thailand and Indonesia Operations
Posted On Feb 27 ,2014 - 02:14-PM | by admin

Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is pleased to provide an update on operations in Thailand and Indonesia. Concession L53 Onshore Thailand (Pan Orient Op...

Cobalt Announces Fourth Quarter and Year- End 2013 Results
Posted On Feb 27 ,2014 - 02:16-PM | by admin

Provides Operational Update on its West Africa Drilling Operations Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $222 million, or $0.55 per basic and di...

Schlumberger Launches Degradable Alloy Technology to Optimize Well Productivity
Posted On Feb 27 ,2014 - 02:41-PM | by admin

Schlumberger announced the introduction of the ELEMENTAL* degradable alloy balls for multistage stimulation treatments. The technology demonstrates predictable and complete degradation of the alloy ba...

Transocean announces construction contracts for two newbuild ultra-Deepwater drillships
Posted On Feb 27 ,2014 - 02:28-PM | by admin

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that a subsidiary has awarded contracts to Sembcorp Marine's subsidiary, Jurong Shipyard, in Singapore for construction of two newbuild dynamically po...

Eni signs Heads of Agreement with Statoil on revision of terms in long-term gas supply contract
Posted On Feb 27 ,2014 - 02:28-PM | by admin

Eni has today signed a Heads of Agreement with Statoil on the revision of the terms of its long-term gas supply contract. These revisions include amongst others pricing and volume.

CGX Energy Announces Rig Share MOU with Inpex and PETRONAS and Seismic Data Reprocessing
Posted On Feb 27 ,2014 - 02:30-PM | by admin

CGX Energy Inc. (TSX-V - OYL) ("CGX Energy" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Teikoku Oil (Suriname) Co., Ltd., a wholly-owne...

Gazprom applying efficient cost management system to investment program
Posted On Feb 27 ,2014 - 02:29-AM | by admin

The Gazprom Board of Directors took note of the information regarding the Company's pricing policy for the procurement of goods, works and services as part of the investment program execution, includi...

Logistics for Oil, Gas and Petrochemical Industry Conference
Posted On Feb 27 ,2014 - 02:48-AM | by admin

Titan Containers, IBS Group and ORTEC to share insights. Oil, gas and petrochemical project logistics accounts for a major portion of the forecast market growth in the logistics industry. Given th...

IMF Mission Urges Ghana Government to Address Short-Term Vulnerabilities
Posted On Feb 26 ,2014 - 02:47-PM | by admin

A mission from the International Monetary Fund (IMF), led by Christina Daseking, visited Accra during February 12-25, 2014, to conduct discussions for the 2014 Article IV consultation. The mission met...

Eni completes purchase of 51% share in Acam Clienti S.p.A. (La Spezia)
Posted On Feb 26 ,2014 - 02:00-PM | by admin

Eni purchases a controlling stake in Acam Clienti S.p.A. after obtaining antitrust authorisation Eni has purchased a 51% share in the company Acam Clienti S.p.A. following the completion of the ten...

Apache Corporation highlights growth and free cash flow-generating assets in global portfolio
Posted On Feb 26 ,2014 - 02:55-PM | by admin

Apache Corporation (NYSE, Nasdaq: APA) will provide a comprehensive presentation at its investor conference in Houston today on the company's global operations and its 2014 plans for attractive produc...

TAQA announces leadership change
Posted On Feb 26 ,2014 - 02:16-PM | by admin

TAQA, the international energy and water company from Abu Dhabi, today announces a leadership succession. After six years at TAQA, Carl Sheldon has decided to step down as Chief Executive Officer a...

Argentina and Repsol reach a compensation agreement over the expropriation of YPF
Posted On Feb 26 ,2014 - 02:15-PM | by admin

The agreement approved today by Repsol’s Board of Directors must be ratified by the Annual General Shareholders’ Meeting and by the Argentinean Parliament

Lukoil starts production drilling at the Imilorsko-Istochniy license area ahead of schedule
Posted On Feb 26 ,2014 - 02:20-PM | by admin

Vagit Alekperov, OAO LUKOIL President, participated in the ceremony dedicated to the start of production drilling at the Imilorsko-Istochniy license area today. The prompt launch puts the Company c...

Oil Basins exercises option to acquire 25% interest in offshore gippsland permit VIC/P47
Posted On Feb 26 ,2014 - 02:35-PM | by admin

The Directors of Oil Basins Limited (OBL, ASX codes OBL and OBLOB) are pleased to take the following ASX announcement to keep the market fully informed. Further to the ASX Release dated 18 Novemb...

BP Starts up Na Kika Phase 3 in Deepwater Gulf Of Mexico
Posted On Feb 26 ,2014 - 02:56-AM | by admin

BP today announced the start-up of Na Kika Phase 3, a project supporting BP’s strategy of growing high-margin production at four BP-operated hubs in the deepwater Gulf of Mexico. The first Na Kik...

BP commits to Odfjell Drilling platform services with 4 year contract extension
Posted On Feb 26 ,2014 - 02:30-AM | by admin

BP has chosen to extend the present Platform Drilling Services contract in the UK for a further 4 years from December 2014, by declaring two 2-year options. This brings the contract to a renewal date ...

Songa Offshore SE announce allocations of shares in subsequent offering
Posted On Feb 26 ,2014 - 02:49-AM | by admin

Reference is made to the prospectus dated 4 February 2014 and the stock exchange announcement dated 25 February 2014 regarding the subsequent offering (the "Subsequent Offering") of up to 61,000,000 s...

Heritage Oil Provides an Operational Update on OML 30, Nigeria
Posted On Feb 26 ,2014 - 02:51-AM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, provides an operational update on OML 30, Nigeria, that includes unaudited information and may be subj...

Petrobras signs a technology partnership agreement with Williams team in Formula 1
Posted On Feb 26 ,2014 - 02:13-AM | by admin

We are once again together with the Williams team in Formula 1. CEO Graça Foster and deputy team head and commercial director of Williams, Claire Williams, have signed the new technological partnersh...

Petrobras announce 4Q13 Net Income of R$6,281 million
Posted On Feb 26 ,2014 - 02:46-AM | by admin

Petrobras announces today its consolidated results stated in millions of Reais, prepared in accordance with International Financial Reporting Standards – IFRS issued by the International Accounting ...

Canadian Oil Sands Files Certain Annual Disclosure Documents
Posted On Feb 25 ,2014 - 02:11-PM | by admin

Canadian Oil Sands Limited (the "Corporation") (TSX:COS)(OTCQX:COSWF) filed with Canadian securities regulatory authorities the Corporation's audited consolidated annual financial statements for the y...

United industry behind joint seismic acquisition
Posted On Feb 25 ,2014 - 02:23-PM | by admin

The project for joint seismic acquisition in the southeastern Barents Sea has been joined by 16 new companies. A total of 33 companies are now part of this project, which will secure good data quality...

Eni renewed the Framework Agreement with the Consiglio Nazionale delle Ricerche (CNR)
Posted On Feb 25 ,2014 - 02:27-PM | by admin

Eni has today renewed the Framework Agreement with the Consiglio Nazionale delle Ricerche (CNR) for cooperation in research, focused on the production of sustainable energy, environmental safeguard an...

Kurdistan Regional Government exercises back-in right to Miran PSC
Posted On Feb 25 ,2014 - 02:15-AM | by admin

Genel Energy plc ("Genel" or "the Company") announces that, on 23 February 2014, the Kurdistan Regional Government ("KRG") notified the Company of its

Taipan Resources carry out additional 2D seismic on Simba Energy's Block 2A
Posted On Feb 25 ,2014 - 02:59-AM | by admin

Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) announces that it has granted permission to Taipan Resources Inc. (“Taipan”) operator of Block 2B in ...

Songa Offshore announce completion of subscription period for subsequent offering
Posted On Feb 25 ,2014 - 02:08-AM | by admin

Reference is made to the prospectus dated 4 February 2014 and the stock exchange announcement dated 5 February 2014 regarding the subsequent offering (the "Subsequent Offering") of up to 61,000,000 sh...

OPEC daily basket price stood at $106.68 a barrel Friday, 21 February 2014
Posted On Feb 24 ,2014 - 02:19-PM | by admin

The price of OPEC basket of twelve crudes stood at 106.68 dollars a barrel on Friday, compared with $106.79 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Ba...

Paradigm Initiates a Program to Provide Free Software to Independent Consultants
Posted On Feb 24 ,2014 - 02:30-PM | by admin

The VIP Consultant Program will give independent consultants the ability to use Paradigm software to help promote advanced science solutions in the mid-market

Dana Petroleum welcomes publication of Sir Ian Wood’s recommendations line
Posted On Feb 24 ,2014 - 02:30-PM | by admin

Dana Petroleum has today welcomed the publication of the final report by Sir Ian Wood on maximising recovery in the UKCS.

Saipem awarded E&C offshore contracts in Indonesia and in the Republic of Congo
Posted On Feb 24 ,2014 - 02:58-PM | by admin

Saipem has won new Engineering & Construction offshore contracts in Indonesia and in the Republic of Congo, for a total amount of approximately $520 million. In Indonesia, Eni has awarded a consort...

Independent Oil and Gas announce completion of Gas Sales Agreement with BP Gas Marketing Ltd
Posted On Feb 24 ,2014 - 02:24-PM | by admin

Independent Oil and Gas plc (AIM:IOG.L) is pleased to announce that it has entered into a gas sales agreement with BP Gas Marketing Ltd, a wholly

Kosmos Energy Announces Fourth Quarter and Full Year 2013 Results
Posted On Feb 24 ,2014 - 02:39-PM | by admin

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today financial and operating results for the fourth quarter and full year 2013. For the fourth quarter of 2013, the Company reported net income...

Fastnet Oil & Gas announce update on Foum Assaka well, offshore Morocco
Posted On Feb 24 ,2014 - 02:48-PM | by admin

Fastnet Oil & Gas Plc ("Fastnet" or the "Company") (AIM: FAST, ESM: FOI), the E&P company focused on near term exploration acreage in Africa and the Celtic Sea, is pleased to announce that its partner...

Shell signs agreement to advance major clean energy project at Peterhead
Posted On Feb 24 ,2014 - 02:16-PM | by admin

Shell has signed an agreement with the UK Government to progress the Peterhead Carbon Capture and Storage (CCS) project to the next phase of design.

Swala Commits to Further Exploration in Tanzania
Posted On Feb 24 ,2014 - 02:51-PM | by admin

Swala Energy Limited (“Swala” or “the Company”), through its 65% owned subsidiary Swala Oil & Gas (Tanzania) PLC, advises that it has informed the Tanzanian Petroleum Development Corporation (...

CAMAC Energy Closes Allied Energy Acquisition
Posted On Feb 24 ,2014 - 02:13-PM | by admin

Pays Stock Dividend

Rosneft Signs Memorandum of Understanding with Mitsui & Co., Ltd
Posted On Feb 24 ,2014 - 02:39-PM | by admin

Rosneft President, Chairman of the Management Board Igor Sechin and Mitsui & Co., Ltd. President and CEO Masami Iijima signed a Memorandum of Understanding. The document implies the creation of a j...

Wood Group PSN appoints new Australia & Asia Pacific managing director
Posted On Feb 24 ,2014 - 02:50-AM | by admin

Wood Group PSN (WGPSN) has appointed a new regional managing director to lead its Australia & Asia Pacific business. Andrew Stewart (36), previously the company’s southern operations business manage...

African Petroleum announce A$20 Million Share Placement and Listing Update Share Placement
Posted On Feb 24 ,2014 - 02:55-AM | by admin

African Petroleum Corporation Limited (NSX:AOQ) (“African Petroleum” or the “Company”) is pleased to announce that it has received firm commitments for a placing of 83,334,000 new fully paid o...

CME Group Named "Best Futures Exchange" by Markets Media Magazine for the Second Year in a Row
Posted On Feb 22 ,2014 - 02:55-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced the company was named "Best Futures Exchange" by Markets Media's 2014 Market's Choice Awards, as voted by peers...

ExxonMobil Engineers Encourage Girls to See Future in Math and Science
Posted On Feb 21 ,2014 - 02:01-PM | by admin

More than 2,500 students to attend “Introduce a Girl to Engineering” events at facilities nationwide

Shell agrees sale of downstream businesses in Australia to Vitol
Posted On Feb 21 ,2014 - 02:28-PM | by admin

Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 ...

Det norske,Tullow Oil plc issue press release on Langlitinden prospect
Posted On Feb 21 ,2014 - 02:15-PM | by admin

Det norske, the Operator of well 7222/11-2 on the Langlitinden prospect, in which Tullow Oil plc (Tullow) is a 15% partner, has today issued the following press release: Discovery on Langlitinden...

Oando Energy Resources confirm successfully acquiring all funds required to complete the acquisition
Posted On Feb 21 ,2014 - 02:01-PM | by admin

We refer to various newswire and print reports released this week insinuating the inability of Oando Energy Resources’ (OER) to raise funds to conclude the acquisition of ConocoPhillips Nigerian ass...

New well goes into operation in Sapinhoá field, producing 33 thousand barrels per day
Posted On Feb 21 ,2014 - 02:45-PM | by admin

Petrobras announces that well 9-SPS-77, in Sapinhoá Field, in the Santos Basin Pre-Salt, went on stream last Tuesday, February 18th, 2014 at 5:15 pm. This well, which produces 33 thousand barrels per...

CAMAC Energy Announces FPSO Contract for Production Operations Offshore Nigeria
Posted On Feb 20 ,2014 - 02:31-PM | by admin

FPSO Armada Perdana Secured for up to Seven Years 195968_camac

Schlumberger Introduces New Fracturing Technique
Posted On Feb 20 ,2014 - 02:46-PM | by admin

BroadBand Sequence significantly increases productivity in unconventional reservoir completions

Ophir Energy announce Padouck Deep drilling operations commenced
Posted On Feb 20 ,2014 - 02:25-PM | by admin

Ophir Energy plc (“Ophir” or “the Company”) announces that drilling operations have now commenced on the Padouck Deep-1 well on the Ntsina Block, offshore Gabon utilising the Vantage Titanium ...

Ophir Energy plc annouce Equatorial Guinea Commercialisation Update
Posted On Feb 20 ,2014 - 02:28-PM | by admin

Ophir Energy plc (“Ophir” or “the Company”) is pleased to provide an update on progress with regards to the proposed development of the Company’s gas resources in Equatorial Guinea. Lette...

Petrofac awarded Khazzan CPF project in Sultanate of Oman
Posted On Feb 20 ,2014 - 02:44-PM | by admin

Petrofac, the international oil and gas services provider, has been awarded a contract by BP, worth approximately US$1.2 billion, for the central processing facility (CPF) for the Khazzan gas project ...

Centrica release preliminary results for the year ended 31 December 2013
Posted On Feb 20 ,2014 - 02:50-PM | by admin

Group wide £500 million cost reduction programme completed

Shell Reaches Agreement with Kuwait Petroleum International for the Sale of its Retail
Posted On Feb 20 ,2014 - 02:52-AM | by admin

Supply & Distribution logistics and Aviation businesses in Italy

Exploration well in Kramsnø completed
Posted On Feb 20 ,2014 - 02:02-AM | by admin

Statoil has together with PL532 partners made a gas discovery in the Kramsnø prospect in the Barents Sea. The exploration program around the Johan Castberg field has been vital in providing area know...

Superbike World Championships Season gets off to a good start with innovative new technologies
Posted On Feb 20 ,2014 - 02:41-AM | by admin

Eni, title sponsor and official supplier of the Eni FIM Superbike World Championships, is preparing to get back on the track for the new motorbike sports season with some innovative new technologies. ...

Noble Energy Announces Agreement To Sell Tamar Gas To Multiple Customers In Jordan
Posted On Feb 19 ,2014 - 02:07-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced the signing of a gas sales agreement between NBL Eastern Mediterranean Marketing Ltd., the Arab Potash Company ("Arab Potash"), and the Jordan Bromine Co...

Royal Dutch Shell plc fourth quarter 2013 scrip dividend programme reference share price
Posted On Feb 19 ,2014 - 02:06-AM | by admin

The Board of Royal Dutch Shell plc (“RDS”) today announced the Reference Share Price in respect of the fourth quarter interim dividend of 2013, which was announced on January 30th, 2014 at $0.45 p...

NCS Energy Services Showcases Success in Permian Basin with Arrington Oil & Gas
Posted On Feb 18 ,2014 - 02:55-PM | by admin

Results of comparison of Multistage Unlimited technology with traditional PnP in Bone Spring Sandstone shows superior frac efficiency

Lamprell announces the completion and delivery of jackup drilling rig to Abu Dhabi’s National Drilling Company
Posted On Feb 18 ,2014 - 02:00-PM | by admin

The Group delivers its 20th new build jackup rig in six years Lamprell , a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry, announ...

Lundin Petroleum announce exploration drilling in the Baronang PSC, Natuna Sea, Indonesia
Posted On Feb 18 ,2014 - 02:44-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has commenced the exploration drilling in the Baronang PSC, Natuna Sea, Indonesia using the drilling rig Hakuryu 11. Balqis-01 wil...

Lundin Petroleum to repurchase shares
Posted On Feb 18 ,2014 - 02:53-PM | by admin

The Annual General Meeting ("AGM") of Lundin Petroleum AB ("Lundin Petroleum") held on 8 May 2013 resolved to authorise the Board of Directors to decide on repurchases and sales of Lundin Petroleum sh...

8th annual Gas Storage and Transmissions Conference
Posted On Feb 18 ,2014 - 02:19-PM | by admin

Hear about the latest project developments from leading operators The SMi Group is proud to present its 8th annual Gas Storage and Transmissions Conference, taking place in London, UK, on the 18th an...

Anadarko Announces $1.075 Billion China Divestiture
Posted On Feb 18 ,2014 - 02:36-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced it has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Limited, whereby Anadarko wil...

Mauritanian well evaluated following completion of drilling line
Posted On Feb 18 ,2014 - 02:32-AM | by admin

The Fregate-1 exploration well being drilled in Block 7, offshore Mauritania, is being plugged and abandoned at a depth of 5,426m MD BRT. The well discovered gas-condensate and oil pay in multiple ...

African energy leaders see global climate framework uncertainty, high energy prices, and commodity prices as top critical issues
Posted On Feb 18 ,2014 - 02:23-AM | by admin

African energy leaders see global climate framework uncertainty, high energy prices, and commodity prices as the critical issues driving Africa’s energy agenda this year, according to the 2014 World...

Jacobs Joint Venture Awarded Shell ONEgas Contract Extension
Posted On Feb 17 ,2014 - 02:33-PM | by admin

Providing Long-Term Support to Major Upstream Assets in the North Sea Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its AJS joint venture with AMEC and Stork has secured a contract ...

Paradigm Delivers Well Planning & Drilling Software Solution on the Public Cloud
Posted On Feb 17 ,2014 - 02:26-PM | by admin

Paradigm to demonstrate Sysdrill on the cloud using Amazon Web Services at IADC/SPE

West Eagle #1 well ceases operations
Posted On Feb 17 ,2014 - 02:26-PM | by admin

Buccaneer Energy Limited (ASX: BCC) provides the following update on the West Eagle #1 well. WEST EAGLE #1 The well reached a depth of 3,700 feet, with the primary targeted sand packages encount...

Technip awarded contract to supply proprietary furnace technology and services in Russia
Posted On Feb 17 ,2014 - 02:54-PM | by admin

OJSC Kazanorgsintez renews its trust in Technip, the world’s largest ethylene licensor and contractor Technip was awarded by Open Joint Stock Company (OJSC) Kazanorgsintez(1) a contract to provid...

Final Investment Decision on 2nd floating LNG project announce by Petronas
Posted On Feb 14 ,2014 - 02:20-PM | by admin

PETRONAS has reached the Final Investment Decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia. The FID was approved ...

ExxonMobil Announces First Production From Damar Gas Development
Posted On Feb 14 ,2014 - 02:17-PM | by admin

Field peak capacity forecasted at 200 million cubic feet of gas per day

FPSO hull launch marks more than one million hours incident free on Dana’s Western Isles Project
Posted On Feb 14 ,2014 - 02:32-PM | by admin

Dana Petroleum has recently celebrated a milestone achievement on its flagship Western Isles Development Project (WIDP) with the hull launch of the floating production, storage offloading vessel (FPSO...

Petroceltic announce Algeria Farmout Update
Posted On Feb 13 ,2014 - 02:14-PM | by admin

Petroceltic International plc (PCI.L) (“Petroceltic” or “the Company”), the independent oil and gas exploration company focussed on the Middle East, North Africa, Mediterranean and Black Sea r...

Impact Oil acquires Black Star
Posted On Feb 13 ,2014 - 02:26-PM | by admin

Moves into Guinea-Bissau and Namibia; expanding Impact’s strategy of accumulating highly prospective acreage along the African coastline. Impact Oil & Gas Limited, the Africa focused specialist ...

Eni announce 2014 - 2017 Strategic Plan
Posted On Feb 13 ,2014 - 02:47-PM | by admin

Paolo Scaroni, Eni CEO, today presented the company’s 2014-2017 Strategic Plan to the financial community.

Eni announce new discovery in offshore Congo
Posted On Feb 13 ,2014 - 02:56-AM | by admin

Eni has made an important new exploration discovery in the Marine XII Block located approximately 17 kilometers offshore Congo. The exploration well, Nene Marine 3, which led to the important resu...

Eni announces results for the fourth quarter and the full year 2013
Posted On Feb 13 ,2014 - 02:29-AM | by admin

Eni, the international oil and gas company, today announces its Group results for the fourth quarter and the full year 2013 (unaudited). Financial highlights 1 Adjusted operating profit: €3.52 b...

Paradigm Names Somesh Singh as Chief Product Officer
Posted On Feb 13 ,2014 - 02:28-AM | by admin

Software veteran to lead and execute Paradigm product strategy for the company’s global oil and gas customers.

Versalis starts overhauling the Porto Marghera site
Posted On Feb 13 ,2014 - 02:27-AM | by admin

Versalis (Eni), Industrial Relations Eni and the trade unions have reached an important agreement on the project at the Porto Marghera site to redesign production facilities and regain competitiveness...

Anadarko Announces Board of Directors Election and Retirements
Posted On Feb 13 ,2014 - 02:13-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced the election of Anthony R. Chase to serve as an independent director of the company, effective Feb. 12, 2014. Chase was also appointed a memb...

Aker Solutions ASA release Fourth-quarter results 2013
Posted On Feb 13 ,2014 - 02:17-AM | by admin

Financial Highlights Sales were NOK 11.4 billion in the fourth quarter of 2013, up from NOK 11.2 in the fourth quarter of 2012. Earnings before interest, tax, depreciation and amortisation (EBIT...

ADMA-OPCO selects Technip for Project Management Consultancy services for the Zakum field offshore Abu Dhabi
Posted On Feb 13 ,2014 - 02:09-AM | by admin

Technip was awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phases of the...

Technip awarded contract for intervention services on Asgard Subsea Compression Stations
Posted On Feb 12 ,2014 - 02:53-PM | by admin

Technip was awarded by Statoil a substantial(1) contract for future intervention services on the Asgard Subsea Compression Stations. The award is a call-off of options under the Asgard Subsea Compress...

SkyVision wins 5-year contract with South Atlantic Petroleum
Posted On Feb 12 ,2014 - 02:28-PM | by admin

SkyVision wins 5-year contract with South Atlantic Petroleum, a leading Nigerian oil & gas provider, to install and manage its corporate voice and data services SkyVision Global Networks Ltd., a l...

Tullow announce 2013 Full year results
Posted On Feb 12 ,2014 - 02:35-PM | by admin

Highlights - Group 2013 average working interest production of 84,200 boepd generates strong operating cash flow of $1.9 billion; 2014 Group average working interest production is expected to be in...

Total Board of Directors meet
Posted On Feb 12 ,2014 - 02:09-PM | by admin

The Board of Directors of Total met on February 11, 2014 under the chairmanship of Christophe de Margerie, Chairman and Chief Executive Officer. It reviewed the consolidated financial statements for t...

Occidental Petroleum Announces 4th Quarter and Twelve Months of 2013 Net Income
Posted On Feb 04 ,2014 - 02:18-PM | by admin

Q4 2013 core income of $1.4 billion, or $1.72 per diluted share Q4 2013 net income of $1.6 billion, or $2.04 per diluted share Q4 2013 total company oil and gas production of 750,000 barrels of oil ...

Victoria Oil & Gas subsidiary and SOCAVER complete Thermal Gas connection in Cameroon
Posted On Feb 04 ,2014 - 02:44-PM | by admin

Victoria Oil & Gas, announced that its Cameroon operating subsidiary, Gaz du Cameroun ("GDC"), has successfully completed a new thermal gas connection with glass manufacturer SOCAVER. The SOCAVER p...

Shell starts production from second Mars platform in deep water Gulf of Mexico
Posted On Feb 04 ,2014 - 02:20-PM | by admin

Shell today announces it has begun production from the Mars B development through Olympus – the company’s seventh, and largest, floating deep-water platform in the Gulf of Mexico. It is the first ...

Rosneft posts record 2013 results
Posted On Feb 04 ,2014 - 02:21-PM | by admin

Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%).

BG Group plc announce 2013 fourth quarter & full year results
Posted On Feb 04 ,2014 - 02:38-PM | by admin

Full Year Key Points • Business Performance total operating profit down 5% at $7.6 billion • Upstream total operating profit down 9%; LNG Shipping & Marketing (S&M) up 3% • Delivered all 1...

Total's 15% interest in block 15/06 sold to Sonangol
Posted On Feb 04 ,2014 - 02:54-PM | by admin

Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary appr...

Cuadrilla announce proposed locations for two new exploration sites to unlock Lancashire’s Bowland Shale
Posted On Feb 04 ,2014 - 02:57-PM | by admin

Cuadrilla Resources has announced the proposed locations for two new exploration sites in the Fylde as part of its work to understand the full potential of Lancashire’s shale gas resources. The comp...

Anadarko Announces 2013 Fourth-Quarter and Full-Year Results
Posted On Feb 04 ,2014 - 02:06-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced 2013 fourth-quarter results, reporting a net loss attributable to common stockholders of $770 million, or $1.53 per share (diluted). These re...

Oasis Gulf Investment, FZC wins Multimillion USD contract in Sierra Leone
Posted On Feb 04 ,2014 - 02:23-PM | by admin

Mulk OGI - Oasis Gulf Investment, FZC, a company of the Sharjah-based diversified conglomerate affiliated to Mulk Holdings has recently won a multimillion USD contract to provide Engineering, Procurem...

3rd Concentrated Solar Thermal Power Conference & Expo will be held in Cape Town on April 8-9, 2014
Posted On Feb 04 ,2014 - 02:18-PM | by admin

Demand for electricity in South Africa has increased progressively over several years and the grid now faces supply and demand challenges. As a result, the Department of Energy has implemented a new I...

Chevron, GE Form Technology Alliance
Posted On Feb 04 ,2014 - 02:36-PM | by admin

Chevron Energy Technology Company and GE Oil & Gas announced today the creation of the Chevron GE Technology Alliance, which will develop and commercialize valuable technologies to solve critical need...

Conference for pipeline industry experts to convene in Abu Dhabi
Posted On Feb 04 ,2014 - 02:42-PM | by admin

Best pipeline integrity practices to be discussed at summit in Abu Dhabi - UAE. Pipeline integrity and layout plays a pivotal role in efficient and secure transportation of oil, gas and energy re...

African Petroleum announce appointment of new Chief Executive Officer
Posted On Feb 04 ,2014 - 02:18-AM | by admin

African Petroleum Corporation Limited (NSX:AOQ) (“African Petroleum” or the “Company”) is delighted to announce the appointment of Dr Stuart Lake as Chief Executive Officer of the Company, eff...

Oando PLC Announces Notice of Extra-Ordinary General Meeting
Posted On Jan 31 ,2014 - 01:19-PM | by admin

Oando PLC has announced its plan to hold an Extra-Ordinary General Meeting on Tuesday, 18th of February, 2014 to consider, and if thought fit, pass the following resolutions: 1. That on the recomm...

Production Begins at West Chirag in the Caspian Sea
Posted On Jan 31 ,2014 - 01:31-PM | by admin

The Azerbaijan International Operating Company (AIOC), operated by BP, announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field developme...

BP Agrees to Sell its Specialist Global Aviation Turbine Oils Business
Posted On Jan 31 ,2014 - 01:10-PM | by admin

BP has announced it has agreed to sell its specialist global Aviation Turbine Oils business to Eastman Chemical Company for an undisclosed sum. The deal, which is subject to regulatory and other appro...

Chevron Reports Fourth Quarter Net Income of $4.9 Billion
Posted On Jan 31 ,2014 - 01:38-PM | by admin

Chevron Corporation (NYSE: CVX) today reported earnings of $4.9 billion ($2.57 per share – diluted) for the fourth quarter 2013, compared with $7.2 billion ($3.70 per share – diluted) in the 2012 ...

Petrobras announce oil and natural gas production in December 2013
Posted On Jan 31 ,2014 - 01:59-PM | by admin

Petrobras announces that its total oil and natural gas production in Brazil, in December of 2013, was 2,362 thousand barrels of oil equivalent per day (boed), up 0.8% from the 2,342 thousand boed extr...

AMEC Tekfen Azfen consortium awarded $974 million contract by BP for Shah Deniz 2 offshore platforms, Azerbaijan
Posted On Jan 30 ,2014 - 01:50-PM | by admin

The AMEC Tekfen Azfen (ATA) consortium has been awarded a contract totalling $974 million for BP-operated Stage 2 development of the Shah Deniz gas field in the Caspian Sea. AMEC will contribute its p...

Occidental Petroleum Announces 4th Quarter and Twelve Months of 2013 Net Income
Posted On Jan 30 ,2014 - 01:17-PM | by admin

Q4 2013 core income of $1.4 billion, or $1.72 per diluted share Q4 2013 net income of $1.6 billion, or $2.04 per diluted share Q4 2013 total company oil and gas production of 750,000 barrels of oil ...

GDI Signs Five-Year Contract with Occidental Petroleum of Qatar Valued at QR 830 Million
Posted On Jan 30 ,2014 - 01:37-PM | by admin

Under the patronage of H.E. Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry, Gulf Drilling International (GDI), a subsidiary of Gulf International Services (GIS), signed a new five-year...

Statoil and PTTEP swap Canadian oil sands assets
Posted On Jan 30 ,2014 - 01:29-AM | by admin

Statoil and the Thai exploration and production company PTTEP have signed an agreement to divide their respective interests in

New Shell CEO Ben van Beurden sets agenda for sharper performance and rigorous capital discipline
Posted On Jan 30 ,2014 - 01:09-AM | by admin

Speaking to investors today, new Shell CEO Ben van Beurden updated on the company’s priorities: improving Shell’s financial results and achieving better capital efficiency, as well as continuing t...

Royal Dutch Shell plc fourth quarter and full year 2013 results announcement
Posted On Jan 30 ,2014 - 01:05-AM | by admin

Fourth quarter 2013 summary of unaudited results Royal Dutch Shell’s fourth quarter 2013 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $2.2 billion compared with $7.4 bil...

IMF Executive Board Concludes 2013 Article IV Consultation with Algeria
Posted On Jan 29 ,2014 - 01:52-PM | by admin

On January 23, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Algeria without a meeting.[2] Economic performance in 2013 has been s...

Hess Corporation Announces Sale of Utica Dry Gas Acreage
Posted On Jan 29 ,2014 - 01:48-PM | by admin

Hess Corporation (NYSE: HES) announced today that it has entered into an agreement to sell approximately 74,000 acres of its dry gas acreage in the Utica Shale to an undisclosed third party for a cons...

Simba Energy signs farmout Letter of Intent Guinea
Posted On Jan 29 ,2014 - 01:33-PM | by admin

Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba”) is pleased to announce that it has signed an exclusive Letter of Intent (LOI) to farmout its Production Sharing Contract (PSC)...

Shell to sell interest in offshore Brazil BC-10
Posted On Jan 29 ,2014 - 01:44-AM | by admin

Shell announced today an agreement to sell a 23% interest in the Parque das Conchas (BC-10) project offshore Brazil to Qatar Petroleum International for approximately US $1 billion, subject to closing...

KrisEnergy acquires G3/48 stake in Gulf of Thailand
Posted On Jan 28 ,2014 - 01:09-AM | by admin

KrisEnergy Ltd. (“KrisEnergy” or “the “Company”), an independent upstream oil and gas company, is pleased to announce that its wholly owned subsidiary, KrisEnergy (Gulf of Thailand) Ltd, has...

San Leon Energy signs MoU with Chevron Lummus Global
Posted On Jan 28 ,2014 - 01:23-AM | by admin

San Leon Energy Plc (“San Leon” or “the Company”), has signed a Memorandum of Understanding ("MoU") with Chevron Lummus Global LLC (“CLG”), to exclusively cooperate in respect of the oil s...

Afren plc issues Trading statement and operations update
Posted On Jan 28 ,2014 - 01:16-AM | by admin

Afren plc (“Afren” or the “Group”), (LSE: AFR, FTSE 250 index), issues the following trading statement and operations update, in advance of the Company’s 2013 full year results which are sch...

Build traffic to your website
Posted On Jan 28 ,2014 - 01:11-AM | by admin

There are many methods of promotion available on the internet and off line. But businesses underestimate the value and power of a press release. The question is why have a site on the internet if you ...

Technip wins a new contract in the Middle-East
Posted On Jan 28 ,2014 - 01:34-AM | by admin

Reinforces its position in the promising subsea business in the region Technip was awarded a substantial contract(1) by Dubai Petroleum Establishment (DPE). This covers the engineering, procurement...

Nigeria Gas Markets, 2013
Posted On Jan 27 ,2014 - 01:48-PM | by admin

Reportbuyer.com just published a new market research report Summary This profile is the essential source for top-level energy industry data and information. The report provides an overview of each...

Nigeria Waters
Posted On Jan 27 ,2014 - 01:04-PM | by admin

Pirates operating along the creeks and waterways of the Niger Delta struck again over the weekend when a tug boat belonging to the Nigerian Agip Company (NOAC) was attacked along the Nembe Waterways i...

Statoil top energy company in global sustainability rankings
Posted On Jan 27 ,2014 - 01:54-PM | by admin

Corporate Knights has ranked Statoil number four, and the number-one energy company, on the Global 100 list of the world’s most sustainable corporations. The announcement was made at the World Econo...

Uganda set to sign pact with Tullow to allow for oil production
Posted On Jan 27 ,2014 - 01:56-AM | by admin

Uganda has completed negotiations with Britain's Tullow Oil and its partners and will soon sign an agreement that could pave the way for the start of crude production according to news reports. In ...

Sterling Energy announce completion of farmin to Odewayne Block (Republic of Somaliland)
Posted On Jan 27 ,2014 - 01:49-AM | by admin

On 8th November 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company (AIM: SEY), announced that its wholly owned subsidiary, Sterling Energy (East Africa)...

BG group declares force majeure in Egypt
Posted On Jan 27 ,2014 - 01:24-AM | by admin

BG Group has today issued Force Majeure notices under its LNG agreements in Egypt reflecting the ongoing diversions of gas volumes to the domestic market in excess of the existing pooling arrangements...

ONGC signs MoU with Mitsui for cooperation in pursuing petroleum and natural gas opportunities
Posted On Jan 27 ,2014 - 01:53-AM | by admin

An MoU has been signed between Indian Maharatna Public Sector Enterprise ONGC and Japanese conglomerate Mitsui & Co., Ltd. on 24th January, 2014 in New Delhi. The agreement was signed by Mr. Masami Ii...

Fleming Gulf announces summit to address Gas Flaring Management in UAE
Posted On Jan 27 ,2014 - 01:19-AM | by admin

The summit will provide an in - depth overview on gas flaring concept through interactive panel discussions, and successful case studies. Gas Flaring is a common practice followed by oil & gas well...

Does growing effect of US shale on oil price bother OPEC?
Posted On Jan 24 ,2014 - 01:43-PM | by admin

Saudi Arabia’s oil minister and the head of the International Energy Agency have met in the Kingdom to discuss the effects of growing US shale oil production on global oil prices. The Saudi Press...

IEA releases Oil Market Report for January
Posted On Jan 24 ,2014 - 01:25-PM | by admin

Strong US deliveries lift global oil demand OECD commercial inventories shrink Unexpectedly strong deliveries in the United States lifted global oil demand for the final quarter of last year by 13...

Britain launches new tender for offshore oil and gas licences
Posted On Jan 24 ,2014 - 01:25-PM | by admin

The government said on Friday it expected a high level of interest in the tender after it awarded a record 219 licenses in the previous round two months ago. “There continues to be extremely high l...

Longreach announce significant natural gas occurrence at Koba-1 Well in Morocco
Posted On Jan 24 ,2014 - 01:28-PM | by admin

Longreach oil and gas limited (TSX-V: LOI) ("Longreach" or the "Company"), an independent oil and gas company holding numerous exploration licenses in Morocco, is pleased to announce that the Company...

Tower Resources announce operational update and issue of equity
Posted On Jan 24 ,2014 - 01:52-PM | by admin

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed Africa focussed oil and gas exploration company, is pleased to announce the following update with respect to the possibl...

Petrobras Consortium Approves Libra 2014 Working and Investment Plan
Posted On Jan 24 ,2014 - 01:15-PM | by admin

Petrobras announces that, at the Operational Committee meeting of January 21, the consortium formed by Petrobras (40%), Shell (20%), Total (20%), CNOOC (10%) and CNPC (10%), along with Pré-Sal Petró...

Bumi Armada receives letter of award for the charter of two PSVS in Angola
Posted On Jan 24 ,2014 - 01:51-PM | by admin

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad’s wholly-owned subsidiaries, Armada Offshore OSV Limited and Bumi Armada (Labuan) Ltd have received Letters of Aw...

JDR to supply umbilicals and reelers for FMC Technologies on West African field
Posted On Jan 24 ,2014 - 01:54-PM | by admin

JDR, a leading provider of technology connecting the global offshore energy industry, has won a contract with FMC Technologies in Kongsberg to design and supply umbilicals and reelers for Intervention...

EMAS awarded new subsea projects worth almost US$80 million
Posted On Jan 24 ,2014 - 01:57-PM | by admin

EMAS, the operating brand of Ezra Holdings, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its Subsea Servic...

First Syn-rift discovery announced in the deepwater Angola Pre-salt
Posted On Jan 24 ,2014 - 01:23-PM | by admin

Cobalt International Energy, Inc. ("Cobalt") (NYSE:CIE) in partnership with the National Concessionaire Sonangol and the Block 21 partners announces the first discovery in the Syn-rift interval in the...

Hess Corporation Announces 2014 Capital and Exploratory Budget
Posted On Jan 24 ,2014 - 01:09-PM | by admin

Hess Corporation (NYSE:HES) announced today a 2014 Exploration and Production capital and exploratory budget of $5.8 billion. Of this, $2.85 billion (49 percent) is dedicated to unconventional shale r...

Dana Petroleum awarded three new exploration licences in Norway
Posted On Jan 23 ,2014 - 01:56-PM | by admin

Dana Petroleum has been awarded three new exploration licences by the Norwegian Ministry of Petroleum and Energy. The licences are part of the 2013 Awards in Pre-defined areas (APA 2013) in what wa...

Paradigm Reports Rapid Adoption of SKUA Software Suite in 2013
Posted On Jan 23 ,2014 - 01:00-PM | by admin

Advanced volume-based modeling software honors reservoir complexity for any fault structure and stratigraphic system, ensuring more accurate subsurface models. ...

Eni successfully launched fixed rate bond
Posted On Jan 23 ,2014 - 01:13-AM | by admin

Eni successfully launched today a fixed rate bond issue for a notional amount of Euro 1 billion. The transaction was placed in the international Eurobond market. The bond has a 15 year maturity and...

CGG Completes Three-Year Marcellus Shale Multi-Client Program
Posted On Jan 23 ,2014 - 01:26-AM | by admin

CGG announced today that it has extended its data library of shale acreage in the United States by completing a vast three-year multi-client 3D land seismic program targeting the Marcellus Shale Fairw...

Sterling Energy to drill Bamboo-1 well in the Ntem Concession, offshore Cameroon
Posted On Jan 23 ,2014 - 01:07-AM | by admin

Sterling Energy Plc, the AIM listed oil & gas exploration and production company (AIM: SEY),is pleased to provide the following update for the Ntem Concession, offshore Cameroon. The Ntem Concess...

Leni Gas announces Development Drilling, Goudron Field, Trinidad
Posted On Jan 23 ,2014 - 01:06-AM | by admin

Leni Gas and oil (LGO) announces that the Company has now started mobilisation for the construction of the first drilling sites following the Certificate of Environmental Compliance ("CEC") for 30 new...

Oando achieves four years of continuous operations without a Lost Time Incident (LTI)
Posted On Jan 22 ,2014 - 01:16-PM | by admin

Oando Energy Services Limited (“OESL”), an Oando PLC subsidiary and Nigeria’s leading indigenous operator of swamp drilling rigs services, achieved four years of continuous operations without a ...

Rosneft Reserve Replacement Ratio Nears 180%, Hydrocarbon Resources Reach 339 billion BOE
Posted On Jan 22 ,2014 - 01:07-PM | by admin

Rosneft reviewed the results of DeGolyer & MacNaughton's independent audit of its hydrocarbon reserves. In 2013, Rosneft once again confirmed its positions as a world’s leader among publicly traded ...

Rosneft Receives First Tranche of Advance Payment from CNPC
Posted On Jan 22 ,2014 - 01:05-PM | by admin

Rosneft announces that the Company received the first tranche of advance payment from China National Petroleum Corporation (CNPC). The payment was received in two parts in line with the schedule agree...

Masdar Institute and BP Sign Technology Innovation Collaboration Agreement
Posted On Jan 22 ,2014 - 01:17-PM | by admin

Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, and BP today jointly announced they have ...

Trap Oil issues Corporate and Operational Update
Posted On Jan 22 ,2014 - 01:12-PM | by admin

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to provide a corporate a...

Faroe Petroleum awarded 10 new exploration licences in Norway
Posted On Jan 22 ,2014 - 01:06-PM | by admin

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announc...

Dana Petroleum begins 2D seismic acquisition in the Bakassi West block, South West Cameroon
Posted On Jan 22 ,2014 - 01:45-PM | by admin

Dana Petroleum has commenced full 2D seismic operations in Bakassi West, 18 months after signing a Production Sharing Contract (PSC) for the block with the Government of Cameroon. Bakassi West is s...

Maarten Scholten is appointed Senior Vice-President, General Counsel of Total
Posted On Jan 22 ,2014 - 01:18-PM | by admin

Effective January 1, 2014, Maarten Scholten is appointed Senior Vice-President, General Counsel of Total. He succeeds to Peter Herbel. Maarten Scholten will report to Christophe de Margerie, Chairman ...

Eni announce fixed rate bond offering
Posted On Jan 22 ,2014 - 01:16-PM | by admin

Eni has mandated Banca IMI, BNP Paribas, Deutsche Bank, HSBC and Mitsubishi UFJ Securities as Joint Bookrunners for its upcoming fixed rate Euro benchmark size 15 year bond offering under its existing...

Exploring the opportunities and developments of Gas to Liquids in North America
Posted On Jan 22 ,2014 - 01:28-PM | by admin

SMi Group reports: Following on from the success of Gas to Liquids events in Europe, and building on 16 years' experience working in the GTL industry, the SMi Group is delighted to announce its Gas to...

Statoil awarded new acreage on the Norwegian continental shelf
Posted On Jan 21 ,2014 - 01:03-PM | by admin

Statoil has been awarded interests in 10 production licences in the Awards in Predefined Areas 2013 (APA 2013) on the Norwegian continental shelf. Statoil will be the operator in 7 of the licences. "W...

Extension of the Concession Agreement for the Upper Zakum Oil Field Offshore Abu Dhabi, UAE
Posted On Jan 21 ,2014 - 01:23-AM | by admin

INPEX CORPORATION (INPEX) is pleased to announce that the Government of Abu Dhabi has decided on the extension of the Concession for the Upper Zakum Oil Field, offshore Abu Dhabi, United Arab Emirates...

GE to Acquire Cameron’s Reciprocating Compression Division
Posted On Jan 21 ,2014 - 01:53-AM | by admin

Enhances GE’s Distributed Gas Portfolio and New Downstream Technology Solutions Business Expands GE’s Servicing and Manufacturing Capabilities in Gas Production, Processing and Distribution Secto...

African contract extensions worth $250m for Wood Group PSN
Posted On Jan 21 ,2014 - 01:51-AM | by admin

Wood Group PSN (WGPSN) has secured two major contract extensions in Africa, worth around $250mn USD. WGPSN has secured a five year contract extension to provide operations, maintenance and construc...

Japan private backers to indemnify Iranian oil
Posted On Jan 20 ,2014 - 01:51-PM | by admin

Iran’s crude oil buyers in Japan are changing back to private insurance providers as the European Union (EU) is expected to start relaxing sanctions against Iran. Japan’s main ship insurer – ...

CNOOC Limited announced a summary of the company's business strategy and development plan for the year 2014
Posted On Jan 20 ,2014 - 01:34-PM | by admin

The company's net production target of 2014 is in the range of 422 to 435 million barrels of oil equivalent (BOE), including approximately 69 million BOE as a result of the acquisition of Nexen Inc. (...

Iran set to supply oil products to Senegal
Posted On Jan 20 ,2014 - 01:24-PM | by admin

Iran set to supply oil products to SenegalIran is prepared to supply oil products to Senegal as Tehran eyes griped in the African market, Iranian Oil Minister Bijan Namdar Zanganeh said. During a m...

Gazprom increasing its stake in ArmRosgazprom to 100 per cent
Posted On Jan 20 ,2014 - 01:14-PM | by admin

Alexey Miller, Chairman of the Gazprom Management Committee and Armen Movsisyan, Minister of Energy and Natural Resources of the Republic of Armenia signed today in the Gazprom headquarters a Sales an...

Shell announces sale of Wheatstone LNG stake in Australia
Posted On Jan 20 ,2014 - 01:25-PM | by admin

Royal Dutch Shell plc (“Shell”) today announced it has agreed to sell its 8% equity interest in the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum Wheatstone l...

Oando signs contract with Oilserve
Posted On Jan 17 ,2014 - 01:55-PM | by admin

Gaslink Nigeria Limited, a subsidiary of Oando PLC, Nigeria’s leading indigenous energy group, has signed a contract with Oilserve Limited to extend Oando’s existing 100km natural gas distribution...

Petrobras announces Voluntary Separation Incentive Plan - PIDV
Posted On Jan 17 ,2014 - 01:43-PM | by admin

Petrobras announces that its Executive Board approved yesterday a Voluntary Separation Incentive Plan - PIDV. This Plan is part of the implementation of the Productivity Optimization Program – PO...

SNC-Lavalin awarded oil transportation contract by Ecopetrol in Colombia
Posted On Jan 17 ,2014 - 01:24-PM | by admin

SNC-Lavalin (TSX: SNC), through its subsidiary, Itansuca Proyectos de Ingeniería S.A.S., has been awarded a consulting services contract by Ecopetrol S.A. for oil transportation and logistics in Colo...

Halliburton Delivers Pioneering Logging Technology
Posted On Jan 17 ,2014 - 01:08-PM | by admin

Halliburton (NYSE: HAL) announced it has provided wireline services technology for two deepwater exploratory wells in Angola’s demanding pre-salt environment for Cobalt International Energy, Inc. (N...

JGC and Fluor Awarded EPC Contract for Proposed Kitimat LNG Plant in Canada
Posted On Jan 17 ,2014 - 01:24-PM | by admin

JGC Corporation announced today that a contract has been awarded by Chevron Canada Limited (Chevron) to a joint venture of JGC and Fluor to provide engineering, procurement and construction services f...

Jupiter Energy Limited announce quarterly update on activities to December 31, 2013
Posted On Jan 17 ,2014 - 01:46-PM | by admin

Jupiter Energy Limited (ASX: “JPR”, AIM: “JPRL” and KASE: “AU_JPRL”) presents the following update on activities for the 3 month period ending 31 December 2013 (the “Quarter”). Also in...

Summit in Qatar to discuss best practices to arrest corrosion
Posted On Jan 17 ,2014 - 01:59-AM | by admin

Maintenance is a key factor in averting industrial breakdowns. Corrosion Management Summit will discuss best practices for structure protection. Corrosion is one of the major reasons for operationa...

Tethys Petroleum announce Kazakhstan Resources Update
Posted On Jan 17 ,2014 - 01:00-AM | by admin

Tethys Petroleum ("Tethys" or "the Company") (TSX:TPL) (LSE:TPL) is pleased to announce it has received an updated Oil Resource Report for a new prospect in Kazakhstan with total Unrisked Mean Recover...

Shell updates on fourth quarter 2013 and full year 2013 unaudited results
Posted On Jan 17 ,2014 - 01:04-AM | by admin

Royal Dutch Shell plc (“Shell”) today updates on its expected 2013 results. Fourth quarter 2013 figures, which are expected to be published on January 30, 2014 , are expected to be significantly l...

Petrobras announces Incorporation of Reserves and New Production Records in the Pre-salt
Posted On Jan 17 ,2014 - 01:53-AM | by admin

Petrobras announces that its proven reserves in the pre-salt in 2013 grew by 43% when compared to 2012. Since 2007, the company has been incorporating growing volumes to its proven reserves from the p...

Eni's Board examines the forensic audits carried out by third parties
Posted On Jan 17 ,2014 - 01:53-AM | by admin

Eni’s Board of Directors today examined the results of forensic audits encouraged by Eni and carried out by third parties regarding activities in Algeria which are under investigation by the judicia...

BNK Petroleum provides update on its Tishomingo Field, Caney oil shale operations in Oklahoma as well as its Polish shale gas project
Posted On Jan 17 ,2014 - 01:41-AM | by admin

BNK’s strategy for its 2013 Caney drilling program was to prove the productivity of the Caney formation in our Tishomingo field. The Company’s efforts were focused on increasing the oil rate of ea...

Apache announce severe winter storms and outages affected the company's oil and gas production
Posted On Jan 17 ,2014 - 01:45-AM | by admin

Apache Corporation (NYSE, Nasdaq: APA) announced today that downtime caused by severe winter storms and outages at third-party owned infrastructure adversely affected the company's oil and gas product...

Addax Petroleum announces the signature of a new partnership with the Gabonese Republic
Posted On Jan 17 ,2014 - 01:30-AM | by admin

Addax Petroleum is pleased to announce the successful conclusion of its negotiations with the Gabonese Republic, which marks the beginning of a new mutually beneficial partnership for the next ten yea...

Mozambique Minister for Mineral Resources promises early LNG deals with Indian companies
Posted On Jan 17 ,2014 - 01:10-AM | by admin

In a crucial bilateral meeting between Indian petroleum Minister Dr M Veerappa Moily and his Mozambique counterpart H.E. Esperanca Bias during Petrotech 2014, the Mozambique Minister for Mineral Resou...

OVL and OIL announce the completion of the transaction to acquire interest in the Rovuma Area 1 Offshore Block in Mozambique
Posted On Jan 17 ,2014 - 01:02-AM | by admin

ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore Block, Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1 ...

ERHC Energy Inc. Awards Contract for 2D Seismic Survey in Kenya Block 11A
Posted On Jan 15 ,2014 - 01:03-PM | by admin

ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today announced that its wholly owned subsidiary, ERHC Energy Kenya Limited, has award...

Tullow Oil announces trading statement and operational update
Posted On Jan 15 ,2014 - 01:31-PM | by admin

Tullow Oil has issued a trading statement and operational update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2013. This i...

CAMAC Energy Announces Rig Contract for West Africa Drilling Program
Posted On Jan 15 ,2014 - 01:32-PM | by admin

CAMAC Energy Inc. ("CAMAC") (NYSE MKT: CAK) announced today that a long-term drilling contract has been signed with Northern Offshore Ltd. (OSLO: NOF.OL) for the drillship Energy Searcher. The rig is ...

RWE Dea Norge announce successful appraisal well on Skarfjell
Posted On Jan 15 ,2014 - 01:14-PM | by admin

The drilling of appraisal well 35/9-10 on the oil discovery 35/9-7 Skarfjell (PL418) is nearing completion and successfully provided valuable reservoir information. The well was drilled in the North S...

Tullow Oil announces oil discoveries in Block 10BB onshore northern Kenya
Posted On Jan 15 ,2014 - 01:02-PM | by admin

Tullow Oil plc (“Tullow”) today announces oil discoveries at the Amosing-1 and Ewoi-1 exploration wells in Block 10BB onshore northern Kenya. As a result of these latest successes and recently rep...

British Museum launches major exhibition celebrating China’s Ming dynasty, supported by BP
Posted On Jan 15 ,2014 - 01:53-PM | by admin

The BP exhibition Ming: 50 years that changed China 18 September 2014 – 4 January 2015 The Sainsbury Exhibitions Gallery Extraordinarily beautiful and rare loans tell the story of a critical per...

NEOS Launches Multi-Client Geoscience Program in Lebanon
Posted On Jan 14 ,2014 - 01:39-PM | by admin

Regional, Basin-scale Survey to Assess Onshore Oil & Gas Exploration Potential NEOS GeoSolutions, Inc. announced that it has secured the underwriting needed to launch an integrated geological and...

Dudgeon Offshore Wind Farm contracts to Siemens plc
Posted On Jan 14 ,2014 - 01:58-AM | by admin

As operator, Statoil has awarded two contracts to Siemens plc for the engineering, supply, assembly, commissioning and service of 67 wind turbine generators for the Dudgeon Offshore Wind Farm project....

TOTAL BECOMES THE FIRST MAJOR TO ENTER INTO SHALE GAS LICENCES IN THE UK
Posted On Jan 14 ,2014 - 01:48-AM | by admin

Total announces that it has acquired a 40% interest in two shale gas exploration licences in the United Kingdom. The interests are in Petroleum Exploration & Development Licences 139 and 140 in the Ga...

Possible offer for Foster Wheeler
Posted On Jan 13 ,2014 - 01:01-PM | by admin

AMEC, the international engineering and project management company, announces that it has provisionally agreed with Foster Wheeler AG (Foster Wheeler) the outline terms for a recommended cash and shar...

AMEC awarded a five-year £255 million Project Management Consultancy contract by Kuwait Oil Company
Posted On Jan 13 ,2014 - 01:50-PM | by admin

AMEC, the international engineering and project management company, has been awarded a renewed contract by the Kuwait Oil Company (KOC) to provide Project Management Consultancy services for a portfo...

Chevron Makes Final Investment Decision on Alder Field in the United Kingdom
Posted On Jan 13 ,2014 - 01:43-PM | by admin

Chevron Corporation (NYSE: CVX) announced today that its U.K. subsidiary, Chevron North Sea Limited, has reached a final investment decision and received approval from the U.K. government to proceed w...

President Energy announce farm-in option in Hernandarias Block
Posted On Jan 10 ,2014 - 01:08-PM | by admin

President announces that, subject to Governmental and regulatory approvals, it has been granted an option at no cost to the staged farm-in of an up to 80% maximum participating interest in the Hernand...

President Energy provide an operational update
Posted On Jan 10 ,2014 - 01:41-PM | by admin

President Energy is pleased to provide an operational update on the Company’s assets. Highlights Paraguay Rig procured for 2014 exploration programme Preparations for drilling campaign...

Chevron Issues Interim Update for Fourth Quarter 2013
Posted On Jan 10 ,2014 - 01:22-AM | by admin

Chevron Corporation (NYSE:CVX) today reported in its interim update that earnings for the fourth quarter 2013 are expected to be comparable with third quarter 2013 results. Upstream earnings for the f...

PA Resources announces successful long term drill stem test at Diega I-8ST well in Equatorial Guinea
Posted On Jan 09 ,2014 - 01:16-PM | by admin

Submission of Diega plan of development is expected in 2014. The long term drill stem test on the Diega accumulation in Block I, Equatorial Guinea (PA Resources 5.7%) is now complete and the Atwood H...

PetroNova receives environmental license for the Tinigua Block
Posted On Jan 09 ,2014 - 01:46-PM | by admin

PetroNova Inc. ("PetroNova" or the "Company") (TSXV: PNA), a company engaged in the exploration and development of oil and natural gas resources in Colombia, is pleased to announce that the Colombian ...

Petromanas formally announces discovery on Blocks 2-3 in Albania
Posted On Jan 09 ,2014 - 01:09-PM | by admin

Petromanas Energy Inc. ("Petromanas" or the "Company") (TSXV: PMI) today announced that based on its previously disclosed well results and initial positive 30 day pressure build-up data from the Shpir...

Azabache Energy Commences Vaca Muerta Well Fracture Stimulation
Posted On Jan 09 ,2014 - 01:50-PM | by admin

Azabache Energy Inc. (TSX VENTURE:AZA) ("Azabache" or the "Company") announces that it has commenced a fracture stimulation of its Cvo.x-2 well on the Covunco Norte-Sur Block in Argentina. This comple...

Noble Energy Announces Its Fourth Quarter and Full Year 2013 Results Webcast and Conference Call
Posted On Jan 09 ,2014 - 01:46-PM | by admin

Noble Energy, Inc. (NYSE: NBL) will host its fourth quarter and full year 2013 results webcast and conference call at 9:00 a.m., Central Time, Thursday, February 6, 2014. The Company plans to issue i...

Scrapping the cap for engineering professionals - A solution to the UK’s shortage of engineers?
Posted On Jan 09 ,2014 - 01:16-PM | by admin

It’s no secret that we currently have a shortage of engineering professionals and graduates in the UK. Contributing to this problem is the fact that many school children post the age of 16 do not ch...

Kristin gas export project
Posted On Jan 09 ,2014 - 01:32-PM | by admin

The Kristin gas export project (KGEP) partners today made a decision to terminate the project due to unsustainable economics caused by increased investment costs and increased risk to volume availabil...

Heritage Oil Provides an Operational Update
Posted On Jan 09 ,2014 - 01:37-PM | by admin

Heritage Oil Plc ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company provides an operational update, that includes unaudited information and m...

TANESCO, EWURA, Millennium Challenge Corporation, OPIC and IFC to address the future of Tanzania’s power sector
Posted On Jan 09 ,2014 - 01:53-AM | by admin

EnergyNet’s Powering Africa: Tanzania executive meeting, will be held from 29th-31st January in Dar Es Salaam “With such a focused group of industry shapers participating at the Powering Afric...

Sound Oil announce Nervesa Rig Letter of Intent
Posted On Jan 08 ,2014 - 01:11-PM | by admin

Sound Oil, the European / Mediterranean focused upstream oil and gas company, announces that it has signed a Letter of Intent ("LOI") for the forthcoming well addressing the Nervesa discovery on the C...

Simba Energy Signs Exclusive Letter of Intent for Farmout of Block 2A in Kenya
Posted On Jan 08 ,2014 - 01:34-PM | by admin

Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba” or the “Company”) is pleased to announce that it has signed an exclusive letter of intent (the “LOI”) with a private gr...

Jura Announces Commencement of Drilling in Badin IV South Block
Posted On Jan 08 ,2014 - 01:58-AM | by admin

Jura Energy Corporation (“Jura”) announced today that drilling has commenced at the Ayesha-1 in the Badin IV South block located in the Lower Indus Basin of Pakistan. The projected depth of the ex...

Jura Energy announce Commencement of Commercial Production from Guddu Block
Posted On Jan 08 ,2014 - 01:07-AM | by admin

Jura Energy Corporation ("Jura" or the "Company") is pleased to announce the first gas production from the Reti-Maru gas fields in the Guddu Block commenced on Thursday, December 26, 2013. Initial pro...

ERHC Energy Inc. Completes Airborne FTG Survey of Kenya Block 11A
Posted On Jan 08 ,2014 - 01:08-AM | by admin

Processing is underway on data gathered from 14,944 line kilometers ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has completed i...

Victoria Oil & Gas announces details of commercial developments in Gaz du Cameroun
Posted On Jan 08 ,2014 - 01:08-AM | by admin

Victoria Oil & Gas Plc, the emerging African energy utility company, today announces the signing of key customer agreements that places Cameroon operating subsidiary, Gaz du Cameroun (“GDC”), in a...

Lundin announce its 2014 exploration budget of USD 2.1 billion
Posted On Jan 08 ,2014 - 01:54-AM | by admin

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce its 2014 development, appraisal and exploration budget which totals USD 2.1 billion. The 2014 expenditure on development projects is bu...

Lundin spuds appraisal well 16/3-8S on the Johan Sverdrup discovery
Posted On Jan 08 ,2014 - 01:54-AM | by admin

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 16/3-8S on the Johan Sverdrup disco...

Salamander announces Bualuang Field Update
Posted On Jan 08 ,2014 - 01:22-AM | by admin

Salamander Energy announces that due to a damaged production riser, production from the Bualuang oil field has been temporarily shut-in. During bad weather conditions, the Rubicon Vantage FPSO drif...

Petrobras announces Pricing of Global Notes
Posted On Jan 08 ,2014 - 01:28-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces the pricing of 4, 7 and 11-year Global Notes denominated in Euros (€) and 20-year Global Notes denominated in Pounds Sterling (“£”) issued by i...

Petrobras announce operational performance of refining park
Posted On Jan 08 ,2014 - 01:23-AM | by admin

Petróleo Brasileiro S.A – Petrobras inform that its refining park in Brazil processed an average of 2,034,000 barrels of oil per day between January and November 2013, a rise of 8% from the 1,897,0...

Chariot Oil & Gas announce completion of siesmic survey in Southern Block 2714B offshore Namibia
Posted On Jan 07 ,2014 - 01:56-PM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company is pleased to announce that it has completed its 2,128 km 2D seismic survey in Southern Block 2714B ...

Eland Oil & Gas announce Operations Update
Posted On Jan 07 ,2014 - 01:42-PM | by admin

Eland Oil & Gas PLC (AIM: ELA), an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, announces the following update on activities for the OML 40...

Petroceltic announce operational update
Posted On Jan 07 ,2014 - 01:23-PM | by admin

Petroceltic International plc (AIM: PCI) ("Petroceltic" or the “Company"), the oil and gas exploration, development and production company focused on the Middle East and North Africa, the Mediterran...

Shell, OMV, Mitsui to drill deepwater well in New Zealand
Posted On Jan 07 ,2014 - 01:10-PM | by admin

Great South Basin Joint Venture Parties Decide To Drill After careful consideration, the Great South Basin joint venture parties Shell New Zealand, OMV New Zealand Ltd and Mitsui E&P Australia Pty ...

PTTEP reveals 2013 achievement and five-year plans
Posted On Jan 07 ,2014 - 01:08-PM | by admin

Increase sales volume to 292,000 barrels of oil equivalent per day or a rise of 6% Accelerated development plan to increase our proved reserves life (R/P) to 10 years Invests over USD 27,000 million...

GDF SUEZ announces first gas from Juliet field in the North Sea
Posted On Jan 07 ,2014 - 01:15-PM | by admin

GDF SUEZ announces first gas production from the Juliet field, a subsea development on the western flank of the Southern Gas Basin, 39 km East of the Lincolnshire coastline in the United Kingdom. I...

Kosmos Energy Announces Rig Share Agreement for Exploration Program
Posted On Jan 06 ,2014 - 01:01-PM | by admin

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that it has entered into a one well rig share agreement with BP plc (LSE: BP) (NYSE: BP) and Maersk Drilling, a unit of A.P. Moller - Maer...

Sea Dragon acquires development block in Egypt
Posted On Jan 06 ,2014 - 01:51-PM | by admin

Sea Dragon Energy Inc. (“Sea Dragon” or the “Company”) (TSX VENTURE: SDX) is pleased to announce the acquisition of an equity interest in the South Ramadan Concession located offshore in the...

Ophir Energy announce Mlinzi drilling update
Posted On Jan 06 ,2014 - 01:04-PM | by admin

Ophir Energy plc (“Ophir” or “the Company”) announces that drilling operations have now concluded on the Mlinzi Mbali-1 well in Block 7*, Tanzania. Ophir has an 80% net interest. The well was ...

Pancontinental states Sunbird-1 Drilling Commences in Area L10A Offshore Kenya
Posted On Jan 06 ,2014 - 01:22-PM | by admin

Pancontinental Oil & Gas NL (ASX: PCL) is pleased to advise that the exploration well Sunbird-1 has commenced drilling in Licence area L10A offshore Kenya. The well is managed by the L10A Joint V...

TransAtlantic Petroleum Provides Operational Update
Posted On Jan 06 ,2014 - 01:41-PM | by admin

TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-MKT:TAT) (the "Company" or "TransAtlantic") today provided an operational update on its current drilling program. Operational Update TransAtlantic ende...

Eco (Atlantic) Submits Daniel License Evaluation Report To The Namibia Ministry Of Mines And Energy
Posted On Jan 06 ,2014 - 01:51-PM | by admin

Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic” or the “Company”) (TSX-V: EOG, NSX: EOG) is pleased to announce that it has submitted an initial evaluation report (the “Report”) for the Dani...

ONGC Videsh acquires additional 12% stake in Block BC-10 in Brazil through exercise of pre-emption rights
Posted On Jan 06 ,2014 - 01:29-PM | by admin

ONGC Videsh, through its affiliates has acquired an additional 12% Participating Interest (PI) in Block BC-10, a deepwater offshore block in Campos Basin, Brazil taking its total PI in the block to 27...

Pakistan's Minister of Petroleum, Shahid Khaqqan Abbasi, meets Eni's Ceo, Paolo Scaroni
Posted On Jan 06 ,2014 - 01:06-PM | by admin

Shahid Khaqqan Abbasi, Pakistan’s Minister of Petroleum and Natural Resources, and Paolo Scaroni, CEO of Eni, met in Karachi to discuss Eni’s projects and activities in the Country. The parties...

Qatar Petroleum International enters into the share capital of Total E&P Congo
Posted On Jan 06 ,2014 - 01:59-PM | by admin

Further to the signing of a framework agreement in early May, Total is pleased to announce that QPI is now a shareholder of Total E&P Congo, holding 15% of its capital. “The conclusion of this ag...

Conference in Doha to highlight developments in petrochemicals
Posted On Jan 06 ,2014 - 01:42-PM | by admin

Developments in petrochemical industry to be discussed at the 4th Annual Global Petrochemicals Technology Conference to be held in Doha, Qatar. The petrochemicals industry is growing fast owing t...

Shell increases interest in offshore Brazil BC-10
Posted On Jan 06 ,2014 - 01:13-PM | by admin

Shell announces it has completed the acquisition of an additional 23% interest in the Parque das Conchas (BC-10) project offshore Brazil for US $1 billion. Regulatory approvals have been obtained a...

Statoil announce gas and oil discoveries in the Askja prospects
Posted On Jan 06 ,2014 - 01:45-PM | by admin

Operator Statoil has together with PL272 partners made a gas discovery in the Askja West prospect and an oil discovery in the Askja East prospect in the North Sea. The exploration wells 30/11-9 S ...

Petróleo Brasileiro S.A. announce oil and natural gas output up by 1.2% in November
Posted On Jan 06 ,2014 - 01:53-PM | by admin

Petrobras announces that in November, Petrobras’s total oil and natural gas output in Brazil was 2,342,000 barrels of oil equivalent per day (boed), up 1.2% from the 2,315,000 boed extracted a month...

RWE Dea expands South American upstream presence by farming-in to the Kanuku licence in Guyana
Posted On Jan 06 ,2014 - 01:57-PM | by admin

RWE Dea has arranged a deal with Repsol Exploración Guyana (Repsol) to farm-in to the Kanuku licence operated by Repsol in the Guyana-Suriname Basin located offshore from the coast of Guyana. By ente...

Former Shell Chief Executive Officer, Peter Voser: remuneration disclosure
Posted On Jan 06 ,2014 - 01:41-PM | by admin

As previously announced, Peter Voser stepped down as Chief Executive Officer and as a director of Royal Dutch Shell plc with effect from 1 January, 2014. He repatriated to his base country, Switzerlan...

Shell boosts its leadership in global LNG with the completion of Repsol S.A. LNG deal
Posted On Jan 06 ,2014 - 01:36-PM | by admin

Royal Dutch Shell plc ("Shell") today announces the successful completion of the acquisition of Repsol S.A.'s ("Repsol") liquefied natural gas (LNG) portfolio outside North America for a headline cash...

Petróleo Brasileiro S.A. announce start-up of Platform P-55 in Roncador field
Posted On Jan 06 ,2014 - 01:50-PM | by admin

Petrobras announces that the platform P-55, one of the strategic projects of the 2013-2017 Business and Management Plan, started-up the last Tuesday (12/31/13), in Campos Basin’s Roncador field. ...

Eni starts its share buyback programme
Posted On Jan 06 ,2014 - 01:50-PM | by admin

Eni, pursuant to the resolution passed by the Shareholders’ Meeting of 10 May 2013, will begin from 6 January 2014 the share buyback programme in accordance with the terms already announced to the ...

Technip wins two contracts for ultra-deep water fields and helps Petrobras push back subsea frontiers
Posted On Jan 06 ,2014 - 01:46-PM | by admin

Technip was awarded by Petrobras two ultra-deep water contracts for the supply of flexible pipes for the Sapinhoá Norte field and I5 at Lula field (former Tupi field), located in the Santos Basin pre...

Armour Energy Exercises Rights to Farmin in PRL2 Victoria
Posted On Dec 23 ,2013 - 12:58-PM | by admin

Rights exercised to farmin to PRL2 in onshore Gippsland Basin, Victoria.  Farmin work program currently suspended due to Victorian moratorium on hydraulic fracturing.  Discuss...

Songa Offshore SE announce completion of private placement and convertible bond issue
Posted On Dec 23 ,2013 - 12:24-PM | by admin

Reference is made to previous announcements regarding Songa Offshore SE's (the "Company") private placement of shares with gross proceeds of approximately USD 250 million and convertible bond issue wi...

Shell plc announce issuance of new shares
Posted On Dec 23 ,2013 - 12:22-PM | by admin

Royal Dutch Shell plc announces that it has today issued 37,334,210 A Ordinary shares in relation to the scrip dividend programme for the third quarter 2013 interim dividend. Following this issue a...

Letter of award for Johan Sverdrup engineering framework agreement to Aker Solutions
Posted On Dec 23 ,2013 - 12:36-PM | by admin

Statoil and partners have awarded Aker Solutions the engineering framework agreement for the Johan Sverdrup field in the North Sea, where the first call off will be the front-end engineering design (F...

RWE Dea UK has been awarded operatorship in three new licenses
Posted On Dec 23 ,2013 - 12:59-PM | by admin

In the 27th Offshore Oil and Gas Licensing Round, RWE Dea UK received the operatorship in a further three licences in the Southern North Sea. Location of the new licences P2109, P2119 and P2134 L...

Dana Petroleum secures US$1.5 billion credit facility to finance growth line
Posted On Dec 23 ,2013 - 12:46-PM | by admin

Dana Petroleum has secured a new US$1.5 billion credit facility to help finance the future growth of the company. The facility is made up of an initial committed US$1 billion together with a furthe...

Technip and COOEC form joint venture to address the booming deepwater market in China
Posted On Dec 23 ,2013 - 12:22-PM | by admin

Technip and China Offshore Oil Engineering Co. Ltd (COOEC), the largest offshore engineering and construction company in China, have signed an joint-venture agreement in September. The five-year ag...

Simba Energy announces that it has terminated negotiations with Ajax Exploration
Posted On Dec 23 ,2013 - 12:28-AM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), announces that it has terminated negotiations with Ajax Exploration Ltd. (“Ajax”) of a definitive farmout ag...

Eni and Transparency International sign collaborative agreement on new anti-corruption tool
Posted On Dec 23 ,2013 - 12:00-AM | by admin

Eni and Transparency International have signed a collaboration agreement for the joint elaboration of an innovative method of "Country Assessment", which aims to highlight, within a set geographic con...

RWE Dea Egypt achieved Ministry Agreement for Offshore Concession in the Gulf of Suez
Posted On Dec 18 ,2013 - 12:50-PM | by admin

The Egyptian Ministery of Petroleum has signed the Concession Agreement for the East Ras Budran Offshore area. RWE Dea is the operator, holding a share of 80%. The company plans a 3D seismic survey an...

Tullow announces Paon-2A well result offshore Côte d’Ivoire
Posted On Dec 18 ,2013 - 12:19-AM | by admin

Tullow Oil plc (Tullow) announces that the Paon-2A appraisal well in the CI-103 licence offshore Côte d’Ivoire has determined the down-dip extent of the Paon oil accumulation. The well encountered ...

Technip awarded its largest contract for Project Management Consultancy services, in Kuwait
Posted On Dec 18 ,2013 - 12:58-AM | by admin

Technip was awarded by Kuwait Oil Company (KOC) a contract, worth over USD 400 million, for consultancy services for project management and engineering. This deals with the construction of new oil and...

Petrogal Brasil Adopts the Paradigm Interpretation and Modeling Suite for All its Exploration and Development Projects
Posted On Dec 17 ,2013 - 12:17-PM | by admin

Capitalizing on unique deep water technology, Paradigm continues to see rapid growth in Latin America. Paradigm® (www.pdgm.com) announced toda...

NNPC’s Position on the Allegation of Non-Remittance of $49.8bn Oil Revenue
Posted On Dec 17 ,2013 - 12:43-PM | by admin

An Address by the Group Managing Director of the Nigerian National Petroleum Corporation, Engr. Andrew Yakubu, at the World Press Conference Held on Friday 13th December, 2013, at the Protea Hotel, As...

Technip sets out its financial outlook for 2014 and 2015
Posted On Dec 17 ,2013 - 12:16-PM | by admin

Technip has analyzed the key elements driving the financial performance of the Group and its Subsea and Onshore/Offshore segments for 2014 and 2015. As a result, and in line with our commitment with t...

Noble Energy Announces 2014 Capital Program And Guidance
Posted On Dec 17 ,2013 - 12:59-PM | by admin

COMPANY ALSO RAISES ITS FOURTH QUARTER 2013 VOLUME RANGE Noble Energy, Inc. (NYSE: NBL) today announced its 2014 capital program and guidance, and updated certain guidance items for the fourth quar...

Noble Energy Announces Highlights Of 2013 Analyst Conference
Posted On Dec 17 ,2013 - 12:37-PM | by admin

Noble Energy, Inc.'s (NYSE: NBL) senior management is hosting a conference today in Houston, Texas with analysts and investors to provide an update on the Company's current operations, future plans an...

Neste Oil achieves its palm oil certification target two years early
Posted On Dec 17 ,2013 - 12:54-PM | by admin

Neste Oil has achieved its long-term target of using only certified palm oil as an input for its renewable diesel production process. The original target, set in 2009, was that 100% of the raw palm oi...

Petrobras Resolutions of Extraordinary General Meeting
Posted On Dec 17 ,2013 - 12:25-AM | by admin

Petróleo Brasileiro S.A. - Petrobras hereby informs that the Extraordinary General Meeting, held this day, at 03:00 pm, in the main auditorium of the Company’s Head office building, at Avenida Rep...

Statoil makes final investment decision on Shah Deniz stage 2 and announces 10% divestment
Posted On Dec 17 ,2013 - 12:55-AM | by admin

Statoil ASA (OSE: STL, NYSE: STO) has together with partners in the Shah Deniz consortium in Azerbaijan today made a final investment decision for the stage 2 development of the Shah Deniz gas field ...

Hess Corporation Provides Interim Update for Fourth Quarter 2013
Posted On Dec 16 ,2013 - 12:23-PM | by admin

Hess Corporation (NYSE: HES) updates realized selling prices and operating data for the first two months of the fourth quarter of 2013 and its guidance for the fourth quarter. In addition, Hess provid...

Dana acquires operated positions in Danish and German sectors of North Sea line
Posted On Dec 16 ,2013 - 12:34-AM | by admin

Dana Petroleum has acquired equity in two licences in the Danish and German sectors of the Southern North Sea. Dana will acquire 40 per cent equity and operatorship of the Danish 12/06 licence and ...

Global Petroleum announce Namibia Farm Down Update
Posted On Dec 13 ,2013 - 12:54-PM | by admin

Global Petroleum Limited (AIM: GBP, ASX: GBP), the oil and gas exploration company presently focused on emerging plays in Africa, announces an update on the proposed farm down of the Company’s 85% p...

Cortez Secure First Contract in West Africa
Posted On Dec 13 ,2013 - 12:57-PM | by admin

RAPIDLY-growing subsea services and technology products’ company Cortez Subsea has secured its first contract win in Ghana for pipeline inspection work worth $1m. Cortez Subsea will perform pipel...

Significant Milestone Reached for the Refining and Petroleum Industries with the Award of Sohar Refinery Improvement Project Contracts
Posted On Dec 13 ,2013 - 12:15-PM | by admin

Orpic (Oman Oil Refineries and Petroleum Industries Company) has announced the award of the Engineering, Procurement and Construction (EPC) contracts for its Sohar Refinery Improvement Project (SRIP)....

GE Oil & Gas Acquires Remainder of UK’s Allen Gears
Posted On Dec 13 ,2013 - 12:19-PM | by admin

Expands GE’s Role in Industrial Gears Sector GE to Integrate Allen Gears’ Industrial Gear Business into Lufkin’s Power Transmission Division Expanding its presence in the industrial gears se...

Eni and Hera finalise reshuffling of shareholdings in two Gorizia energy companies
Posted On Dec 13 ,2013 - 12:38-AM | by admin

Today, with the approval of the antitrust authorities, the framework agreement, originally signed on 30 September by Eni and AcegasAps (Hera), for the reshuffling of shareholdings in two Gorizia energ...

Anadarko Issues Statement Regarding Tronox Adversary Proceeding
Posted On Dec 13 ,2013 - 12:14-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today issued the following statement in response to an interim Memorandum of Opinion from the United States Bankruptcy Court, Southern District of New York i...

ExxonMobil’s Outlook for Energy Says All Forms of Energy Required to Meet Growing Demand
Posted On Dec 12 ,2013 - 12:17-PM | by admin

Demand growth expected to be about 35 percent between 2010 and 2040 Technology, efficiency key to meeting expected growth; without efficiency gains, global energy demand could more than double Oil a...

RWE Dea announce first exploration well in Mauritania now under way
Posted On Dec 12 ,2013 - 12:24-PM | by admin

Together with its partner Repsol, RWE Dea spudded the first exploration well in Licence Block Ta10 in Mauritania. The well is intended to provide information about the hydrocarbon potential of the lic...

Eni resumes invoicing the towns affected by the earthquake in Emilia Romagna
Posted On Dec 12 ,2013 - 12:13-PM | by admin

with automatic deferral of payments available to all customers Customers will receive a gas and/or electricity bill in January 2014, on the basis of consumption calculated at a special rate for the...

CME Group Inc. Declares Annual Variable Dividend of $2.60 Per Share
Posted On Dec 12 ,2013 - 12:58-AM | by admin

CME Group Inc. (NASDAQ: CME) today declared its annual variable dividend, amounting to $2.60 per share. The dividend is payable January 14, 2014, to shareholders of record December 27, 2013. When CM...

Israel grants Zion 98,842 acre Megiddo-Jezreel Petroleum Exploration License
Posted On Dec 12 ,2013 - 12:13-AM | by admin

Zion Oil & Gas, Inc. (“Zion” or “Company”) (NASDAQ ZN) announced today that, on December 3, 2013, the State of Israel's Petroleum Commissioner awarded the Company the Megiddo-Jezreel Petroleum...

Chevron Announces $39.8 Billion Capital and Exploratory Budget for 2014
Posted On Dec 12 ,2013 - 12:47-AM | by admin

Chevron Corporation (NYSE: CVX) today announced a $39.8 billion capital and exploratory investment program for 2014. Included in the 2014 program are $4.8 billion of planned expenditures by affiliates...

Neste Jacobs wins the bidding competition of Gasum's Finngulf LNG Project Management Services
Posted On Dec 12 ,2013 - 12:35-AM | by admin

Technology, engineering and project management company Neste Jacobs has won the bidding competition of Gasum's Finngulf LNG and Balticconnector project to deliver the Project Management Office (PMO) o...

Technip and BP extend their successful Purified Terephthalic Acid Alliance
Posted On Dec 12 ,2013 - 12:20-AM | by admin

Technip announces the extension of its long-standing agreement with BP in the purified terephthalic acid (PTA)(1) domain. Technip will now also become the exclusive provider of the ISBL (Inside Batter...

CAMAC Energy Announces Drilling Rig Contract
Posted On Dec 11 ,2013 - 12:41-PM | by admin

Secures Drillship Commitment for up to Two Years Offshore Nigeria CAMAC Energy Inc. ("CAMAC" or the "Company") (NYSE MKT: CAK) announced that CAMAC International Limited has signed a letter of intent...

Rolls-Royce wins key contract to help boost domestic oil production in the U.A.E
Posted On Dec 11 ,2013 - 12:54-PM | by admin

Rolls-Royce, the global power systems company, has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services to he...

Maku lauds Alison-Madueke, Yakubu’s leadership in Nigerian oil industry
Posted On Dec 11 ,2013 - 12:17-PM | by admin

Minister of Information and leader of the Federal Government Good Governance Tour Team, Mr. Labaran Maku has praised the “result-oriented leadership” of the Minister of Petroleum Resources, Mrs. D...

Talisman Energy and Ecopetrol Declare Commerciality of the Akacias Field in Colombia
Posted On Dec 11 ,2013 - 12:34-PM | by admin

Talisman Energy Inc. (Talisman) (TSX:TLM)(NYSE:TLM) and Ecopetrol (ECP) (NYSE:EC)(TSX:ECP)(BVC:ECOPETROL) today announced an important milestone towards developing the Akacías field in Block CPO-9 in...

Talisman Energy Announces $595 million Sale of Colombian Pipeline Interest
Posted On Dec 11 ,2013 - 12:00-PM | by admin

Talisman Energy Inc. (Talisman) (TSX:TLM)(NYSE:TLM) today announced that two of its affiliates have reached agreement to sell their approximately 12% equity interest in the Ocensa Pipeline in Colombia...

World’s First Marinised Distributed Acoustic Sensing System from Optasense
Posted On Dec 11 ,2013 - 12:23-PM | by admin

Proven onshore technology to go offshore to target growing deepwater and subsea market OptaSense, the global leader in distributed acoustic sensing (DAS), is to develop the world’s first fully m...

Marathon Oil announce 2014 Capital, Investment and Exploration Budget
Posted On Dec 11 ,2013 - 12:17-PM | by admin

The Company announced a $5.9 billion capital, investment and exploration budget for 2014, more than 60 percent of which is directed toward the Company's high-growth, liquids-rich North America resourc...

Marathon Oil Set to Accelerate U.S. Resource Play Activity and Market North Sea Assets
Posted On Dec 11 ,2013 - 12:42-PM | by admin

Marathon Oil Corporation (NYSE: MRO), at its Analyst Day in New York today, is providing investors with a comprehensive report on the Company's global operations, including a review of strategic plans...

Salamander Energy announce Signing of Malaysian PSC New Country Entry
Posted On Dec 11 ,2013 - 12:29-PM | by admin

Salamander announces that it has signed a Production Sharing Contract (“PSC”) for Block PM322,located in the Melaka Straits on the Malay side of the Central Sumatra Basin, offshore West Coast Peni...

Salamander Energy provides Bualuang Field Development Update
Posted On Dec 11 ,2013 - 12:20-PM | by admin

Salamander Energy provides an update on drilling, development and production operations at the Bualuang oil field in the B8/38 concession, offshore Gulf of Thailand. Salamander has a 100% interest in,...

Seismic cooperation in the southeastern Barents Sea
Posted On Dec 11 ,2013 - 12:27-PM | by admin

A group comprised of 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea. Statoil is the operator of the project. At the request of the ...

Survey from BP and Rigzone reveals broad support of the steps being taken to ensure wider gender diversity
Posted On Dec 11 ,2013 - 12:02-PM | by admin

Career prospects for women in the oil and gas industry have improved in recent years and an increasing number of women are taking advantage of those opportunities, according to the majority of energy ...

Kuwait Oil Company awards WorleyParsons Kuwait a 5 year USD 400 million contract
Posted On Dec 11 ,2013 - 12:52-PM | by admin

Kuwait Oil Company (KOC) has awarded WorleyParsons Kuwait a 5 year USD 400 million contract for the supply of programme management services. The contract serves to support KOC to achieve its objective...

Gazprom selects WorleyParsons for Vladivostok LNG
Posted On Dec 11 ,2013 - 12:49-PM | by admin

Gazprom subsidiary, VNIPIgazdobycha, has appointed WorleyParsons as their engineering contractor for the development of a major Russian LNG production and export facility “Vladivostok LNG”. The de...

BG Group's latest campaign raises Tanzania resources to 15 tcf
Posted On Dec 11 ,2013 - 12:32-PM | by admin

BG Group today announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and ...

Eni meets Consumer Associations and launches the first in a series of study days
Posted On Dec 11 ,2013 - 12:58-PM | by admin

Eni met with representatives of Consumer Associations of the National Council for Users and Consumers (CNCU) to present a survey on Consumer Satisfaction, along with research on fuel prices in Italy, ...

TGS starts multi-client 3D survey offshore Benin
Posted On Dec 09 ,2013 - 12:11-PM | by admin

TGS has commenced acquisition of a 3D multi-client seismic survey covering 2,022 sq km offshore Benin. "The BR-13 survey will be TGS' second 3D survey in Benin," commented Stein Ove Isaksen, Sen...

​Petronas announce a number of agreements with Brunei petroleum
Posted On Dec 09 ,2013 - 12:08-PM | by admin

​PETRONAS is pleased to announce a number of agreements that have been signed with the Brunei petroleum authorities towards deepening mutually beneficial cooperation in the oil and gas industry betw...

Pancontinental announce final preparations are under way to drill offshore Kenya in 2014
Posted On Dec 09 ,2013 - 12:02-PM | by admin

Sunbird Prospect approved for the first exploration well by the Kenya L10A Joint Venture, led by BG Group Sunbird-1 drilling planned to commence mid-January 2014 using drillship Deepsea Metro-1 ...

Serinus Energy announces Luba-1 Well,Brunei suspended
Posted On Dec 09 ,2013 - 12:17-PM | by admin

Serinus Energy Inc. (“Serinus Energy”, “SEN” or the “Company”), an international upstream oil and gas exploration and production company, announces that the Luba-1 exploration well in Brun...

RWE Dea announce successful completion of 3D seismic survey off the coast of Suriname
Posted On Dec 09 ,2013 - 12:48-PM | by admin

Only five months after RWE Dea’s arrival in Suriname the German company is pleased to announce the successful completion of a 3D seismic acquisition program in the offshore Licence Block 52. Followi...

Eni makes a new offshore oil and gas discovery in the Norwegian Barents Sea
Posted On Dec 09 ,2013 - 12:56-PM | by admin

Eni has made a new offshore oil and gas discovery in the Norwegian Barents Sea, approximately 240km from Hammerfest. The well, which is located in the Skavl prospect in the PL532 license, has been...

President of the Republic of Congo meets with Eni CEO
Posted On Dec 09 ,2013 - 12:35-PM | by admin

The President of the Republic of Congo, Denis Sassou Nguesso, met with Eni’s CEO, Paolo Scaroni, and COO of Eni E&P, Claudio Descalzi, in Rome to discuss Eni’s ongoing activities and projects in t...

Dana Petroleum awarded new exploration licenses in North Sea
Posted On Dec 09 ,2013 - 12:33-PM | by admin

Dana Petroleum has been awarded two new licenses in the UK North Sea, one of which is close to the Tolmount gas discovery in which Dana has a 50 per cent equity share with operator E.on. The Depart...

Tullow announce East Africa Exploration Update
Posted On Dec 09 ,2013 - 12:57-AM | by admin

Tullow Oil plc (Tullow) announces that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, has reached a total depth of 2,101 metres and will be plugged and abandoned as a dry hole. Th...

New oil and gas discovery in the Johan Castberg area
Posted On Dec 09 ,2013 - 12:08-AM | by admin

Statoil ASA has together with its partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, dr...

Atlantic Energy Co-CEO, Kola Aluko predicts indigenous companies to account for over 30% of oil and gas production in Nigeria within 5 years
Posted On Dec 09 ,2013 - 12:14-AM | by admin

Atlantic Energy Co-CEO, Scott Aitken made a presentation at the African Oil Week, one of the largest oil and gas conferences held on the African continent held in Cape Town, South Africa 25th - 29th N...

ConocoPhillips Announces 2014 Capital Budget of $16.7 Billion and Affirms Production Growth Target
Posted On Dec 07 ,2013 - 12:53-PM | by admin

ConocoPhillips (NYSE: COP) announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Investments during 2014 will target the company’s diverse portfolio of global oppo...

Award of an Exploration Block in Egypt
Posted On Dec 07 ,2013 - 12:26-PM | by admin

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, is pleased to announce today that we have been notified by Ganoub El Wadi Holding Petroleum ...

Petrofac and Taleveras Sign Cooperation MOU with Nigerian Petroleum Development Company
Posted On Dec 07 ,2013 - 12:30-PM | by admin

Petrofac, the international oil and gas services provider, together with African independent oil and gas company Taleveras Energy Resources Limited (“Taleveras”), announce that they have signed a ...

First Sahara Invited to Finalize Agreement for Oil and Gas License in Morocco
Posted On Dec 07 ,2013 - 12:05-PM | by admin

First Sahara Energy Inc. (CNSX:FSE) announced that it has been invited to a meeting by ONHYM, Morocco’s Ministry of Energy & Mines, to finalize a contract for an oil and gas Reconnaissance License o...

Oryx announces drilling update for Kurdistan Region of Iraq and Congo (Brazzaville)
Posted On Dec 07 ,2013 - 12:15-PM | by admin

Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces an update on its drilling activities at Banan and Demir Dagh in the Hawler license area in the Kurdis...

Oil Discovery at Zey Gawra in the Kurdistan Region of Iraq
Posted On Dec 07 ,2013 - 12:40-PM | by admin

Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces the successful discovery at Zey Gawra in the Hawler license area.. The ZEG-1 well was flow tested at ...

El Dorado exploration well commences drilling
Posted On Dec 07 ,2013 - 12:04-PM | by admin

Trinity, the leading independent E&P company focused on Trinidad and Tobago, is pleased to provide an update on its exploration activities. El Dorado The Company today commenced drilling operation...

AMEC awarded $124 million project management contract by ADMA OPCO for Umm Lulu phase 2 offshore development, UAE
Posted On Dec 07 ,2013 - 12:03-AM | by admin

AMEC, the international engineering and project management company, has been awarded a Project Management Consultancy services contract by Abu Dhabi Marine Operating Company (ADMA OPCO) for their Umm ...

AMEC awarded five-year £158 million Project Engineering and Management Services contract by KNPC, Kuwait
Posted On Dec 07 ,2013 - 12:24-AM | by admin

AMEC, the international engineering and project management company, has been awarded a contract with Kuwait National Petroleum Company (KNPC) to provide Project Engineering and Management Services fo...

Royal Dutch Shell plc third quarter 2013 euro and GBP equivalent dividend payments
Posted On Dec 07 ,2013 - 12:24-AM | by admin

The Board of Royal Dutch Shell plc (“RDS”) announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2013 interim dividend, which was announced on October...

Statoil and Rosneft move forward with shale oil cooperation in the Samara region
Posted On Dec 06 ,2013 - 12:33-PM | by admin

Statoil and Rosneft today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was s...

Saudi Arabia's first ever conference on maintenance and reliability to be held in Al Khobar
Posted On Dec 06 ,2013 - 12:15-PM | by admin

Conference to be held in Saudi Arabia will focus on asset maintenance and reliability. Ricky Smith, Author of 'Rules of Thumb for Maintenance and Reliability Engineers' will present at the conference....

Oilex announce £7.5 million equity financing facility
Posted On Dec 06 ,2013 - 12:30-PM | by admin

Oilex has announced that it is has secured a £7.5 million, three year Equity Financing Facility ('EFF') with Darwin Strategic Limited. Under the terms of the facility, the Company may, at its discret...

Woodside awarded new exploration permit in the Taranaki Basin
Posted On Dec 06 ,2013 - 12:18-PM | by admin

Woodside advises that it has been awarded new exploration permits offshore New Zealand, as part of the New Zealand Government's 2013 Block Offer. Woodside has been awarded permit 55793 in the Taran...

Max Petroleum announce successful appraisal well at Sagiz West Field
Posted On Dec 06 ,2013 - 12:17-PM | by admin

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West Field. The SAGW-12...

Eni is the Official Partner of Expo Milano 2015 for Sustainability Initiatives in African Countries
Posted On Dec 06 ,2013 - 12:59-AM | by admin

Eni is the Official Partner of Expo Milano 2015 for Sustainability Initiatives in African Countries. Eni has been chosen as a partner due to its understanding of the fundamental value of sustainabilit...

Shell will not pursue U.S. Gulf Coast GTL project
Posted On Dec 06 ,2013 - 12:16-AM | by admin

Royal Dutch Shell plc (“Shell”) today announces that the company will not move forward with the proposed 140,000 barrels per day Gulf Coast gas-to-liquids (GTL) project in Louisiana and will suspe...

Statoil makes another high-impact natural gas discovery offshore Tanzania
Posted On Dec 06 ,2013 - 12:43-AM | by admin

Statoil and co-venturer ExxonMobil today announce its fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet (Tcf)* of natural gas in place in the Mronge...

New Offshore Atlantic Coast Study Could Spur Economy
Posted On Dec 06 ,2013 - 12:37-AM | by admin

Study Shows that Developing Atlantic Offshore Oil and Natural Gas Could Spur 280,000 New Jobs and Add $Billions to the Economy and Government by 2035 A new study released by the National Ocean Indu...

OPEC 164th Meeting concludes
Posted On Dec 05 ,2013 - 12:31-PM | by admin

The 164th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Wednesday, 4 December 2013, under the Chairmanship of its President,...

Statoil awarded exploration permit offshore New Zealand
Posted On Dec 05 ,2013 - 12:40-PM | by admin

Statoil has obtained 100% equity share in an exploration permit in the Reinga-Northland Offshore Release Area in the New Zealand Block Offer 2013. The permit covers approximately 10,000 square kilo...

Takeover Bid by Tangiers for Jacka Resources
Posted On Dec 05 ,2013 - 12:16-AM | by admin

Highlights: * Tangiers Petroleum to acquire Jacka Resources via an off-market takeover bid * Offer ratio equal to 0.468 Tangiers shares for every Jacka share held * Tangiers Offer v...

Schneider Electric partners with DONG Energy for a more sustainable energy supply of remote islands in Africa
Posted On Dec 05 ,2013 - 12:24-AM | by admin

Schneider Electric, the global specialist in energy management, and DONG Energy, one of the leading energy groups in Northern Europe, announced today an agreement to cooperate on a technological and c...

Schneider Electric invites African students to take part in the Go Green in the City global business case challenge
Posted On Dec 05 ,2013 - 12:17-AM | by admin

Schneider Electric, the global specialist in energy management, is inviting African students to take part in the Go Green in the City global business case challenge (http://www.gogreeninthecity.com), ...

RWE Dea UK acquires licence shares West of Shetland
Posted On Dec 05 ,2013 - 12:17-AM | by admin

RWE Dea has signed an agreement to farm-in to Licences P1932 and P2074, which will allow the company to participate in the drilling of the Mustard prospect in the UK Continental Shelf (UKCS), West of ...

Noble Energy Announces New Exploration Discoveries In The Deepwater Gulf Of Mexico And Eastern Mediterranean
Posted On Dec 05 ,2013 - 12:21-AM | by admin

Noble Energy, Inc. (NYSE: NBL) announced discoveries at the Dantzler exploration well in the Deepwater Gulf of Mexico and at the Tamar Southwest (SW) exploration well offshore Israel. At Dantzler, wi...

Focus on Quality of Operations, Returns Paying Off -Aker Solutions
Posted On Dec 05 ,2013 - 12:19-AM | by admin

Aker Solutions' increased attention to operations and return on equity is starting to pay off after a challenging start to the year. The company will today at its capital markets day announce that ...

Petrobras announce oil production averaged 1,960 thousand barrels per day (bpd) in October
Posted On Dec 05 ,2013 - 12:28-AM | by admin

Petrobras announces that oil production (oil plus natural gas liquids – NGL) from all of Petrobras’ fields in Brazil averaged 1,960 thousand barrels per day (bpd) in October, remaining practically...

CME Group Volume Averaged 12.1 Million Contracts per Day in November 2013, Up 9 Percent from November 2012
Posted On Dec 03 ,2013 - 12:06-PM | by admin

Interest rate volume up 32 percent - Eurodollars futures and options volumes up 53 and 56 percent, respectively - Treasury futures and options volumes up 16 and 48 percent, respectively - Agricultu...

Shell floats hull for world’s largest floating facility
Posted On Dec 03 ,2013 - 12:25-AM | by admin

The 488-metre-long-hull of Shell’s Prelude floating liquefied natural gas (FLNG) facility has been floated out of the dry dock at the Samsung Heavy Industries (SHI) yard in Geoje, South Korea, where...

Nigerian federal government Kicks off Second Marginal Fields Bid Round
Posted On Dec 02 ,2013 - 12:24-PM | by admin

The Federal Government has flagged off the second oil marginal fields licensing round aimed at deepening the participation of indigenous oil companies in the upstream sector of the oil and gas industr...

ExxonMobil Funds $3.1 Million Maternal and Child Health Initiative in Papua New Guinea
Posted On Dec 02 ,2013 - 12:51-PM | by admin

PNG LNG Project partnering with Texas Children’s Hospital and Baylor College of Medicine ■ Program will strengthen education and training in maternal and pediatric health care ■ Intended to ...

Hess Announces Sale of Its Indonesian Assets
Posted On Dec 02 ,2013 - 12:22-PM | by admin

Hess Corporation announced today it has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Company Limited to sell its interests in both ...

Recommending Mongstad for Johan Sverdrup oil export
Posted On Dec 02 ,2013 - 12:04-PM | by admin

The partners have unanimously decided to recommend landing of oil from the Johan Sverdrup field at Mongstad. The partners recommend Mongstad after studies of both Sture and Mongstad as alternative ...

Fortune Oil announces appointment of Acting Chief Executive and Executive Director
Posted On Dec 02 ,2013 - 12:58-AM | by admin

Fortune Oil (LSE: FTO.LN) is pleased to announce the appointment of Dr Tian Jun as the Acting Chief Executive and Executive Director of the Company with immediate effect from the date of this announce...

OriginOil’s Algae Screen Demonstrates ‘Dramatic Drop In Contaminant Load’
Posted On Nov 29 ,2013 - 11:19-PM | by admin

OriginOil Inc. (OTC/BB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, today announced that academic testing has ve...

PetroChina Acquires ExxonMobil’s Partial Interests in the WQ1 TSC
Posted On Nov 29 ,2013 - 11:23-AM | by admin

PetroChina Company Limited ("PetroChina" or “the Company", HKSE: 0857; NYSE: PTR; SSE: 601857) makes formal delivery today for the acquisition, through its wholly-owned subsidiary, of 25% interests ...

Shale gas strengthens natural gas long-term
Posted On Nov 29 ,2013 - 11:45-AM | by admin

New opportunities for the natural gas industry • IEA: Natural gas demand will rise worldwide by 50% by 2035 The world of energy has been turned upside down. The reason for this is shale gas. Sin...

Rowan Renaissance drillship schedule and Welwitschia-1 planned spud date
Posted On Nov 29 ,2013 - 11:40-AM | by admin

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited ("Neptune"), has received formal notification from Repsol Explo...

Oando Energy Resources provides an update on the acquisition of ConocoPhillips Nigerian business
Posted On Nov 29 ,2013 - 11:13-AM | by admin

Oando Energy Resources has announced that it has entered into an amendment agreement with ConocoPhillips in relation to the proposed acquisition by the Company of the Nigerian upstream oil and gas bus...

Eni signs production sharing agreement with the Ukrainian government for offshore exploration and development
Posted On Nov 27 ,2013 - 11:38-PM | by admin

Today in Kiev, Eni signed a Production Sharing Agreement with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Januk...

Neste Oil awarded the world's first RSPO-RED certificate
Posted On Nov 27 ,2013 - 11:15-PM | by admin

Neste Oil is the world's first company to be awarded an RSPO-RED Supply Chain certificate under the Roundtable on Sustainable Palm Oil's (RSPO) new, more demanding certification system. The certificat...

Fortune Oil PLC gets regulatory approvals on New Joint Venture of maoming Single Point Mooring ("SPM")
Posted On Nov 27 ,2013 - 11:06-PM | by admin

As described in the Company's Q3 2013 Interim Management Statement released on 19 November 2013, Fortune Oil is pleased to announce that the final approvals from the relevant regulatory agencies in th...

Songa Offshore SE : Allocations in private placement and convertible bond issue
Posted On Nov 27 ,2013 - 11:23-PM | by admin

Reference is made to the announcements made by Songa Offshore SE (the "Company") on 25 November 2013 and 26 November 2013 regarding the completed placement of 610 million new shares (the "Offer Shares...

RWE stops development on Atlantic Array due to technical challenges making the project uneconomic at current time
Posted On Nov 27 ,2013 - 11:07-PM | by admin

Technical challenges within the Bristol Channel Zone are significant, including substantially deeper waters and adverse seabed conditions Costs to overcome such technical challenges are prohibitive i...

Weatherford Resolves Investigations With U.S. Government
Posted On Nov 27 ,2013 - 11:09-AM | by admin

Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) today resolved previously disclosed investigations by the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commissio...

Cossack Energy in Farm-Out Negotiations
Posted On Nov 27 ,2013 - 11:08-AM | by admin

Signs Seismic Program Contract for its 100% Owned Limnytska Licence in the Ukraine Highlights: - Cossack Energy is in discussions with multiple well-credentialed parties on the potential farm-out ...

Ophir Energy plc commence Mlinzi drilling operations
Posted On Nov 27 ,2013 - 11:05-AM | by admin

Ophir Energy plc ("Ophir" or "the Company") announces that drilling operations have now commenced on the Mlinzi Mbali-1 well in Block 7*, Tanzania. Ophir has an 80% net interest.The well is located c....

LUKOIL announce consolidated US GAAP financial statements for the third quarter of 2013
Posted On Nov 27 ,2013 - 11:09-AM | by admin

In the third quarter of 2013 the Company’s net income of $3,105 million increased 48% compared to the second quarter of 2013. EBITDA was $5,472 million, which is a 26% q-o-q increase. Sales revenue ...

Total, Partnering Formula 1 World Champions and Supplying Fuel and Lubricants for Renault Engines
Posted On Nov 27 ,2013 - 11:07-AM | by admin

The Brazilian Grand Prix wrapped up the 2013 Formula 1 season on November 24, with Infiniti Red Bull Racing and star driver Sebastian Vettel taking the world crown for the fourth year in a row. Total ...

Eni signs MOU with Skolkovo Foundation for Research and Development in Technology
Posted On Nov 27 ,2013 - 11:16-AM | by admin

The President of the Skolkovo Foundation, Viktor Vekselberg, and Eni’s CEO, Paolo Scaroni, in the presence of the President of the Russian Federation, Vladimir Putin, and Italian Prime Minister, Enr...

Eni and Rosneft sign agreements on mutual oil supplies and joint commercial and logistic investments
Posted On Nov 27 ,2013 - 11:04-AM | by admin

Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico ...

Eni and Novatek sign MOU on future co-operations
Posted On Nov 27 ,2013 - 11:55-AM | by admin

Novatek’s CEO, Leonid Mikhelson, and Eni’s CEO, Paolo Scaroni, signed today a Memorandum of Understanding which will pave the way for future co-operation between the two companies. The MoU, si...

Mandatory notification of trade and disclosure of shareholding by Aker Solutions ASA
Posted On Nov 27 ,2013 - 11:08-AM | by admin

Reference is made to the press release dated 26 November 2013 regarding a contemplated offer to acquire shares in Aker Solutions ASA. Aker ASA has acquired 16,440,000 shares in Aker Solutions ASA ...

Contemplated offer to acquire shares in Aker Solutions ASA
Posted On Nov 27 ,2013 - 11:58-AM | by admin

Aker ASA has engaged ABG Sundal Collier Norge ASA and Arctic Securities ASA (the "Managers") to explore the opportunity to acquire approx. 16.5 million shares (6 per cent of the share capital) in Aker...

Fugro has reached agreement to acquire Advanced Geomechanics Pty Ltd in Perth, Australia
Posted On Nov 26 ,2013 - 11:45-AM | by admin

Advanced Geomechanics is a consulting company providing highly specialised geotechnical and geophysical engineering and consulting services to the oil and gas sector in Australia and the rest of the w...

Rosneft BOD Approves Business Plan for Kharampur Field Development
Posted On Nov 26 ,2013 - 11:00-AM | by admin

Rosneft Board of Directors has approved a document titled “The integrated project for the development of gas reserves (Cenomanian PK 1 and Turonian layers) of the Kharampur field.” The developm...

Rosneft Brazil Ups Stake and Takes Over Operatorship in Solimoes Project
Posted On Nov 26 ,2013 - 11:16-AM | by admin

Rosneft announces that its subsidiary Rosneft Brazil today signed an agreement and related preliminary documentation with HRT subsidiary HRT O&G to acquire additional 6% in the Solimoes project. This ...

Tap Oil provides Malida-1 exploration well drilling update
Posted On Nov 26 ,2013 - 11:29-AM | by admin

Tap Oil Limited (ASX Code: TAP) provides the following update on the Malida-1 exploration well in the Northern Gulf of Thailand. Malida-1 is a commitment well in G1/48. Location/Proposed Depth The...

Topaz wins US$ 100 million BP contracts
Posted On Nov 26 ,2013 - 11:20-AM | by admin

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announces the win of two contracts with BP in Azerbaijan’s largest oi...

Petrofac and Daelim Awarded US$2.1 Billion Refinery Improvement Project in Oman
Posted On Nov 26 ,2013 - 11:15-AM | by admin

Petrofac, the international oil and gas services provider, in a 50/50 joint venture with Korean based Daelim Industrial Co Ltd (Daelim) has been awarded a 36 month Engineering, Procurement and Constru...

Songa Offshore SE announce successful placement of share issue and convertible bond issue
Posted On Nov 26 ,2013 - 11:59-AM | by admin

Reference is made to the announcement made by Songa Offshore SE (the "Company") on 25 November 2013, in which the Company proposed a comprehensive refinancing by way of raising up to USD 425 million i...

Technip awarded service contract for a GTL facility in the US
Posted On Nov 25 ,2013 - 11:08-PM | by admin

Technip was awarded by Sasol the front-end engineering design (FEED) contract for a gas-to-liquids (GTL) (1) plant to be built in Louisiana, USA. The GTL facility will have a capacity of more than 96,...

Nido Petroleum announce sale of non-core assets to Colossal Petroleum
Posted On Nov 25 ,2013 - 11:32-AM | by admin

Nido Petroleum Limited (ASX:NDO) (“Nido” or the “Company”) is pleased to advise it has sold its non-core assets in the Philippines to Colossal Petroleum Corporation**. Miro Advisors assisted t...

SPDC JV shuts down Obigbo gas plant over encroachment on the right-of-way of gas pipelines
Posted On Nov 25 ,2013 - 11:13-AM | by admin

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture has shut down the Obigbo gas plant in Rivers State due to encroachment on the right-of-way of gas pipelines. The co...

Energy finds in Africa highlight shifts in sector according to DHL report
Posted On Nov 25 ,2013 - 11:39-AM | by admin

Africa is the region with highest increase in oil consumption globally – 5% in 2012 versus only a 1% increase globally The recent oil and gas finds in Africa will continue to have a positive impa...

Songa Offshore SE announce extensive recapitalization plan
Posted On Nov 25 ,2013 - 11:00-AM | by admin

Songa Offshore SE ("Songa" or the "Company") proposes a comprehensive refinancing by way of raising up to USD 425 million in new capital by way of a combination of (i) a fully guaranteed equity issue ...

Statoil and NASA finalise research agreement
Posted On Nov 25 ,2013 - 11:42-AM | by admin

Statoil and the National Aeronautical and Space Administration (NASA) have formed a partnership to explore how technologies and knowledge from the space and oil and gas industries can be relevant to o...

Venezuela oil Minister, Rafael Ramirez and Eni' s board inaugurate the first pipeline in Junin-5
Posted On Nov 25 ,2013 - 11:23-AM | by admin

The Minister of Petroleum and President of the state-owned company PDVSA, Rafael Ramirez, and a delegation of Eni, composed of the members of the board of directors and led by the Chief Executive Paol...

Jermaine Hagan named the 2013 Shell LiveWIRE winner for his education app
Posted On Nov 22 ,2013 - 11:45-PM | by admin

Last night, the Chairman of Shell UK, Ed Daniels, awarded 24 year-old Jermaine Hagan the title of Shell LiveWIRE Young Entrepreneur of the Year. Jermaine, founder of Revision App, is in the proces...

Aker Solutions Sells Well-Intervention Services Business to EQT
Posted On Nov 22 ,2013 - 11:35-PM | by admin

Aker Solutions agreed today to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion. The agreement includes an earn-out ...

ONGC Videsh signs Memorandum of Understanding with Petrovietnam
Posted On Nov 22 ,2013 - 11:59-PM | by admin

ONGC Videsh on 20th November, 2013 signed Memorandum of Understanding with Petrovietnam (PVN) to promote the joint cooperation in hydrocarbon sector in Vietnam, India and other countries. The MOU sign...

Apache Corporation Announces Cash Tender Offer For Up To $850 million Principal Amount Of Five Series Of Its Notes
Posted On Nov 22 ,2013 - 11:24-PM | by admin

Apache Corporation (NYSE, Nasdaq: APA) announced today that it has commenced a cash tender offer to purchase up to $850 million aggregate principal amount (the "Tender Cap") of five series of its outs...

Rolls-Royce awarded $138M energy services contract by Petrobras
Posted On Nov 22 ,2013 - 11:51-PM | by admin

Rolls-Royce has been awarded a $138M, five-year services contract by Petrobras, a world leader in deep and ultra-deep water oil and gas exploration and production, to support its oil production activi...

Senex Energy announce new oil discovery at Worrior oil field
Posted On Nov 22 ,2013 - 11:36-PM | by admin

Senex Energy Limited (Senex, ASX: SXY) as operator of southern Cooper Basin permit PPL 207 (Senex 70%, Cooper Energy Limited, (ASX: COE) 30%) has discovered a new oil accumulation in the Patchawarra F...

Tullow Oil announces new discovery in Northern Kenya
Posted On Nov 22 ,2013 - 11:41-PM | by admin

Tullow Oil plc (Tullow) announces that the Agete-1 exploration well in Block 13T, onshore Northern Kenya, has discovered and sampled moveable oil with an estimated 100 metres of net oil pay in good qu...

Aker Solutions Wins Two-Year Option Extension From Statoil
Posted On Nov 22 ,2013 - 11:15-PM | by admin

Aker Solutions ASA secured a two-year option agreement extension valued at NOK 3 billion from Statoil ASA to provide maintenance and modifications work offshore Norway. The option is part of a 2010...

Dana Petroleum makes oil discovery in Moray Firth
Posted On Nov 22 ,2013 - 11:21-PM | by admin

Dana Petroleum has made an oil discovery in the Moray Firth following the drilling of the Liberator exploration well. Dana drilled 13/23d-8 on the Liberator Prospect in Licence P1987 as Operator an...

McDermott Awarded EPCI & Commissioning Contract in the Arabian Gulf
Posted On Nov 21 ,2013 - 11:41-AM | by admin

McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a cus...

OneSubsea Awarded Pump System Contract for Total Moho Phase 1bis, Congo
Posted On Nov 21 ,2013 - 11:37-AM | by admin

OneSubsea™ has been awarded a pump systems contract for the Total Moho Phase 1bis development in offshore Congo. The scope of supply includes a Multiphase Pump Station with 2 off 3.5 megawatt high-...

BP Adds 2 Drilling Rigs in Deepwater Gulf of Mexico
Posted On Nov 21 ,2013 - 11:45-AM | by admin

BP announced it has added two drilling rigs to the deepwater Gulf of Mexico, bringing its fleet to a company record nine rigs as it continues to develop its strong portfolio of assets in the key U.S. ...

Royal Dutch Shell plc supports rebuilding efforts for typhoon Haiyan victims
Posted On Nov 21 ,2013 - 11:06-AM | by admin

Royal Dutch Shell plc (the "Shell Group") announced today that it is donating US$2.5 million, in response to the catastrophic typhoon Haiyan that struck the Philippines. Typhoon Haiyan has caused mass...

ConocoPhillips Announces Production Startup and First Gas from the Jasmine Field
Posted On Nov 21 ,2013 - 11:12-AM | by admin

ConocoPhillips (NYSE: COP) today announced first gas production from the Jasmine field in the United Kingdom, Central North Sea on Nov. 19. “The startup of Jasmine represents another important m...

Fortune Oil submits its Share Election Notice to China Gas
Posted On Nov 21 ,2013 - 11:15-AM | by admin

Election of China Gas Holdings Limited Shares for Settling the Second Cash Consideration Pursuant to the Share Purchase Agreement dated 16 December 2012 (the "Share Purchase Agreement") as supple...

Sterling Resources announce further operational update for Breagh
Posted On Nov 21 ,2013 - 11:39-AM | by admin

Sterling Resources Ltd. (TSX-V: SLG) (“Sterling” or the “Company”) announces that the key physical investigative work has been completed and has identified several damaged elements at the inle...

CAMAC Energy Inc. to Acquire Interests from Allied Energy Plc
Posted On Nov 21 ,2013 - 11:56-AM | by admin

Announces US$270 Million Equity Investment and Intention to List on Johannesburg Stock Exchange CAMAC Energy Inc. (NYSE MKT: CAK) (the "Company" or "CAMAC Energy") today announced that it has enter...

Alliance Oil Company Ltd announce Interim report for the quarter and nine months ended 30 September 2013
Posted On Nov 21 ,2013 - 11:40-AM | by admin

Quarter ended 30 September 2013 • Revenue of MUSD 1,013.7, up 13% from Q2 2013. • Profit before tax of MUSD 91.1, up 54% from Q2 2013. • Profit for the period of MUSD 61.7, up 54% from Q2 201...

Range Resources announce Guatemala Update
Posted On Nov 21 ,2013 - 11:39-AM | by admin

Range Resources Limited ("Range" or "the Company") would like to draw attention to the announcement released today by Citation Resources Limited (ASX:CTR) with respect to the Company's interest in Gua...

ExxonMobil Contributes to Midwest Tornado Recovery and Relief Efforts
Posted On Nov 21 ,2013 - 11:01-AM | by admin

Exxon Mobil Corporation (NYSE:XOM) announced today it will donate $100,000 to the American Red Cross to provide disaster relief assistance for the victims of recent tornados in Illinois and across the...

Kentz awarded US$190 million contract with Qatar Petroleum
Posted On Nov 20 ,2013 - 11:10-PM | by admin

Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, is pleased to announce the award by Qatar Petroleum (QP) for the engineering, procurement, i...

DRC Inga mega hydropower plant implementation advances with AfDB support
Posted On Nov 20 ,2013 - 11:55-PM | by admin

An hydro-electric potential estimated at 44,000 MW – half of Africa's installed electricity capacity The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in...

CNOOC Limited to examine LNG development in British Columbia, Canada through Nexen
Posted On Nov 20 ,2013 - 11:51-PM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that its wholly-owned subsidiary Nexen Energy ULC (Nexen), has entered into an exclusive agreement with the Government of ...

Total Gabon announce third-quarter 2013 results
Posted On Nov 20 ,2013 - 11:57-PM | by admin

Selling Prices In third-quarter 2013, Brent averaged $110.3 per barrel, up 1% from $109.5 in the prior-year period and 8% from $102.4 in the second quarter of this year. The selling price of the Mand...

Apache Completes Egypt Partnership With Sinopec
Posted On Nov 20 ,2013 - 11:40-PM | by admin

Apache Corporation (NYSE, Nasdaq: APA) announced completion of its previously disclosed sale of a one-third minority participation in its Egypt oil and gas business to Sinopec International Petroleum ...

Petrobras completes well in Franco area
Posted On Nov 20 ,2013 - 11:40-PM | by admin

Petróleo Brasileiro S.A. – Petrobras announces it has completed drilling one more well in Santos Basin pre-salt Franco area, one of the areas outlined in the Transfer of Rights Agreement. Referr...

Feedstock Flexibility Provides Significant Competitive Advantage, Says ExxonMobil Chemical President
Posted On Nov 20 ,2013 - 11:38-PM | by admin

Innovation and integration resulting in greater feedstock flexibility have provided a significant competitive advantage for ExxonMobil’s chemical business, Steve Pryor, president of ExxonMobil Chemi...

Eni sells its stake in Severenergia to Novatek-GazpromNeft Joint Venture
Posted On Nov 20 ,2013 - 11:39-PM | by admin

Today in Moscow Eni signed an agreement to sell its 60% stake in Arctic Russia to Yamal Development, a joint venture equally owned by Novatek and GazpromNeft. Artic Russia owns 49% of Severenergia...

Max Petroleum annouce appraisal well results at Uytas
Posted On Nov 19 ,2013 - 11:17-PM | by admin

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce drilling results at two wells in the Uytas field. The UTS-19 appraisal well was dr...

Lundin completes Torvastad exploration well in PL501
Posted On Nov 19 ,2013 - 11:25-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 16/2-20S, located north of the Johan Sverdrup discovery in PL...

Dana Petroleum makes gas discovery in southern North Sea
Posted On Nov 19 ,2013 - 11:39-PM | by admin

Dana Petroleum has made a gas discovery in the Southern North Sea following the drilling of the Pharos exploration well. Dana drilled 47/5d-6 on the Pharos Prospect in Licence P1566 as Operator and d...

Oando Energy Resources Inc. announces third quarter results
Posted On Nov 19 ,2013 - 11:58-PM | by admin

Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil exploration and production in Nigeria, announced its financial and operating results for the quarter ended Sept...

NBA, WNBA, Africare and ExxonMobil Launch New Initiative to Engage and Empower Nigeria’s Youth
Posted On Nov 19 ,2013 - 11:19-AM | by admin

Hall of Famer Hakeem Olajuwon, former NBA player Obinna Ekezie and WNBA All-Star Swin Cash tip off “Power Forward,” a program to foster life skills and build health knowledge through basketball in...

Fortune Oil announces Q3 2013 Interim Management Statement
Posted On Nov 19 ,2013 - 11:01-AM | by admin

Fortune Oil announces its Interim Management Statement for the period 30 June 2013 to date. Unless stated otherwise financial disclosures relate to the third quarter ended 30 September 2013. Highli...

Victoria Oil & Gas Plc announces a successful visit by President of the Republic of Cameroon
Posted On Nov 19 ,2013 - 11:40-AM | by admin

Victoria Oil & Gas, the emerging African energy utility company, today announces a successful visit by His Excellency Paul Biya, the President of the Republic of Cameroon. The visit was for a formal I...

Solo Oil provides update on appraisal of the Ntorya discovery, onshore Tanzania
Posted On Nov 19 ,2013 - 11:45-AM | by admin

Solo today announces the start of the infill seismic survey planned to assist in the appraisal of the Ntorya discovery and to finalise locations for future exploration drilling in the Aminex-operated ...

Afren plc announce Ogo drilling and resources update
Posted On Nov 19 ,2013 - 11:12-AM | by admin

Drilling results significantly above expectations P50 gross recoverable resources estimated at 774 mmboe (pre-drill estimate of 202 mmboe) Afren plc (“Afren” or the “Company”) and Partners ...

Heritage Oil issues Interim Management Statement
Posted On Nov 19 ,2013 - 11:53-AM | by admin

Heritage Oil Plc ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, issues its Interim Management Statement for the period from 1 July 2013 ...

Petronas awards major offshore hook-up,commissioning and maintainance contracts
Posted On Nov 18 ,2013 - 11:07-PM | by admin

Petronas has awarded a major 13-package, five-year offshore hook-up, commissioning and maintenance services contract with a total work value of about RM10 billion to six local service providers. The P...

Eni fires up new supercomputer for exploration & production activity
Posted On Nov 18 ,2013 - 11:51-PM | by admin

The system is hosted in the new Eni Green Data Centre and it is among the most powerful installations in the world Eni has fired up its new Petaflop class supercomputer. The supercomputer will sup...

Longreach commences drilling of Koba-1 well on Sidi Moktar
Posted On Nov 18 ,2013 - 11:42-AM | by admin

Longreach oil and gas limited, an independent oil and gas company focused on Morocco, is pleased to announce that the drilling of the Koba-1 well on the Sidi Moktar licence, onshore Morocco has now co...

Neste Oil's view on the EPA's proposal on US renewable fuel mandates in 2014
Posted On Nov 18 ,2013 - 11:01-AM | by admin

The Environmental Protection Agency (EPA) in the US published a proposal covering renewable fuel mandates for 2014 on 15 November. The EPA proposes retaining the biomass-based diesel mandate at the 20...

Dana Gas Awards Contract for Zora Offshore Field
Posted On Nov 18 ,2013 - 11:47-AM | by admin

Dana Gas, the Middle East’s leading regional private sector natural gas company, announced today that Adyard Abu Dhabi, a subsidiary of Interserve plc, has been awarded a $17 million contract for th...

Neste Jacobs to Deliver the 3G Renewal Process of Borealis PE2 Plant in Porvoo, Finland
Posted On Nov 18 ,2013 - 11:52-AM | by admin

Technology, engineering and project management company Neste Jacobs and Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, have signed a...

Petroamerica Provides an Operations Update for its Activities in Colombia
Posted On Nov 15 ,2013 - 11:43-PM | by admin

Petroamerica Oil Corp. (TSX-V:PTA) (“Petroamerica” or the “Company”), a Canadian oil company operating in Colombia is pleased to announce a light oil discovery at the La Guira-1 exploration we...

Seadrill Limited agrees to acquire high specification jack-up Prospector 3
Posted On Nov 15 ,2013 - 11:37-PM | by admin

Seadrill Limited announced today that it has entered into an agreement to acquire the company that owns the yard construction contract of the newbuild high specification jack-up rig Prospector 3 from ...

Petróleo Brasileiro S.A. to hold an Extraordinary General Meeting on December 16, 2013
Posted On Nov 15 ,2013 - 11:26-AM | by admin

The Board of Directors of Petróleo Brasileiro S.A. – PETROBRAS calls the shareholders of the Company to hold an Extraordinary General Meeting on December 16, 2013, at 03:00 pm, at the auditorium re...

Conoil Sustains Growth Amid Rising Costs
Posted On Nov 15 ,2013 - 11:04-AM | by admin

Shareholders of Conoil Plc recently smiled home from the company's annual general meeting held in Uyo, Akwa Ibom State, following the payment of N694 million in dividends for the year ended December 3...

Conoil Q3 Profit Soars by 341 Per cent
Posted On Nov 15 ,2013 - 11:29-AM | by admin

Conoil Plc has rekindled its 2013 half year glowing performance with yet another impressive outing for the third quarter of the year. According to Conoil’s unaudited report submitted to the Nige...

Technip awarded important contract by Statoil for subsea project related to the Edvard Grieg field
Posted On Nov 15 ,2013 - 11:34-AM | by admin

Statoil has made a call-off for the framework contract Technip has with Statoil for diving services. The work will be performed in connection with the future Edvard Grieg Oil Pipeline as well as Utsir...

Neste Shipping completes its statutory employer-employee negotiations
Posted On Nov 15 ,2013 - 11:58-AM | by admin

Neste Oil's shipping company, Neste Shipping, has completed the statutory employer-employee negotiations initiated on 1 October this year covering the plan to outsource its ship management functions. ...

Petroceltic provides Algeria farmout process update
Posted On Nov 14 ,2013 - 11:18-PM | by admin

Petroceltic International plc (“Petroceltic” or “the Company”), the upstream oil and gas exploration and production company focussed on North Africa, the Mediterranean and Black Sea regions, c...

Petroceltic provides Romanian drilling update
Posted On Nov 14 ,2013 - 11:02-PM | by admin

Petroceltic International plc (“Petroceltic” or “the Company”), the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and Black Sea regions, to...

CAMAC Energy Confirms Hydrocarbons in Miocene Offshore Nigeria
Posted On Nov 14 ,2013 - 11:53-AM | by admin

CAMAC Energy Inc. (NYSE MKT: CAK) announced it has been informed by Allied Energy Plc that the Oyo-7 well offshore Nigeria in OML 120 has confirmed the presence of hydrocarbons in the Miocene formatio...

Sasol signs Exploration Right permit to explore for hydrocarbons in Durban and Zululand basins, offshore KwaZulu-Natal
Posted On Nov 14 ,2013 - 11:59-AM | by admin

Sasol, through its upstream oil and gas subsidiary, Sasol Petroleum International, today signed an Exploration Right permit to explore for hydrocarbons on the East Coast (Durban and Zululand basins), ...

Sterling Energy issues Update for Ambilobe and Ampasindava Blocks (Madagascar)
Posted On Nov 14 ,2013 - 11:11-AM | by admin

Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company (AIM: SEY), is pleased to provide an update on activities in its Ambilobe and Ampasindava Blocks, located o...

Fastnet Issues Foum Assaka Farm-Out Update
Posted On Nov 14 ,2013 - 11:47-AM | by admin

Fastnet (AIM: FAST, ESM: FOI) the listed E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, is pleased to announce that it has selected a preferred bidder ("Preferred ...

Interim management statement issued by Ophir Energy
Posted On Nov 14 ,2013 - 11:32-AM | by admin

Ophir Energy plc (“Ophir” or “the Company”) provides an Interim Management Statement and Operational Update for the period 16 August 2013 to 14 November 2013. Corporate Highlights Anno...

Ophir Energy announce sale of 20% interest in Tanzania Blocks 1, 3 and 4 to Pavilion Energy for US$1,288 million
Posted On Nov 14 ,2013 - 11:02-AM | by admin

Ophir Energy plc (“Ophir” or the “Company”) is pleased to announce that it has entered into an agreement to sell to Pavilion Energy a 20 per cent. interest in Tanzanian Blocks 1, 3 and 4 for a...

CME Group Approves China Merchants Futures as New Clearing Member
Posted On Nov 14 ,2013 - 11:50-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced China Merchants Futures (HK) Co. Limited, a wholly-owned unit of China Merchant Securities Company Limited, has...

Petronas and Versalis sign Shareholders Agreement to produce synthetic rubber in Malaysia
Posted On Nov 14 ,2013 - 11:18-AM | by admin

Petronas, Malaysia’s state-owned oil and gas company, and Versalis, Eni’s chemical subsidiary and a global leader in the elastomers industry, have signed a Shareholders’ Agreement (SHA) to set u...

Schlumberger Reservoir Laboratory in Australia Inaugurated
Posted On Nov 13 ,2013 - 11:12-PM | by admin

New facility offers integrated core analysis solutions for better-informed reservoir characterization decisions Schlumberger announced today the official opening of the Schlumberger Reservoir Labo...

Africa Hydrocarbons Announces Initiation of the Completion Operation for BHN-1 Well in Tunisia
Posted On Nov 13 ,2013 - 11:23-PM | by admin

Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") today issued the following news and operational update regarding its BHN-1 exploration well on the Bouhajla Permit in northeastern T...

Noble Energy Announces Drilling Results Offshore Nicaragua
Posted On Nov 13 ,2013 - 11:31-PM | by admin

Noble Energy, Inc. (NYSE:NBL) today announced results from the Paraiso-1 exploration well, located in the Tyra Bank concession area offshore Nicaragua. The well, which had hydrocarbon shows and found...

Petrobras announce asset Sale in Peru
Posted On Nov 13 ,2013 - 11:15-PM | by admin

Petrobras announces that, after duly authorized by its Board of Directors, signed today the sale of 100% of shares issued by its subsidiary Petrobras Energia Peru (PEP) to China National Petroleum Cor...

CNOOC Limited to examine LNG development in British Columbia, Canada through Nexen
Posted On Nov 13 ,2013 - 11:02-AM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its wholly-owned subsidiary Nexen Energy ULC (Nexen), has entered into an exclusive agreement with the Governme...

Petrobras completes drilling fifth well in Santos Basin pre-salt Iara area
Posted On Nov 13 ,2013 - 11:07-AM | by admin

Petrobras announces it has completed drilling the fifth exploratory well in the Santos Basin pre-salt Iara area, block BM-S-11. Well 3-RJS-715D (3-BRSA-1181D-RJS), informally known as Iara Alto Ângu...

Merger of companies into Petrobras
Posted On Nov 13 ,2013 - 11:49-AM | by admin

Petrobras, in compliance with the provision set forth in CVM Instruction 358/02, announces that its Board of Directors, in a meeting held today, has approved the following merger proposals, which will...

Heritage Oil Enters Into a Strategic Alliance With Bayelsa Oil Company, Nigeria
Posted On Nov 13 ,2013 - 11:08-AM | by admin

Heritage Oil Plc ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company announces that a wholly owned subsidiary has entered into a joint venture...

Neste Oil to promote the deployment of sustainable aviation biofuel in the Netherlands
Posted On Nov 13 ,2013 - 11:20-AM | by admin

Neste Oil committed itself on 12 November, to a Dutch initiative aimed at the deployment of sustainable biofuel in the aviation sector. The signatories of the initiative include KLM, SkyNRG, Schiphol ...

Tullow Oil plc issues Interim Management Statement
Posted On Nov 13 ,2013 - 11:25-AM | by admin

Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 July to 13 November 2013, in accordance with reporting requirements of the EU Transparency Directive. The Gr...

MOL Group Declares Commercial Discovery in Akri-Bijeel Block
Posted On Nov 12 ,2013 - 11:11-PM | by admin

Kalegran Ltd., a 100% subsidiary of MOL, officially declared the Akri- Bijeel Block in Kurdistan Region of Iraq commercial. The declaration is based on the discoveries made by Bijell-1 well in Jurassi...

Serinus Energy Commences Drilling on Luba Well in Brunei
Posted On Nov 12 ,2013 - 11:30-PM | by admin

Serinus Energy Inc. (“Serinus” or the “Company”), an international upstream oil and gas exploration and production company, is pleased to announce that the Luba-1 exploratory well on Brunei Bl...

Heritage Oil Plc Applies for Ordinary Shares
Posted On Nov 12 ,2013 - 11:26-PM | by admin

Application has been made to The UK Listing Authority and The London Stock Exchange for 1,064,372 ordinary shares of no par value in Heritage Oil Plc to be admitted to The Official List and to trading...

Petrobras announces start of production at Papa Terra field
Posted On Nov 12 ,2013 - 11:19-PM | by admin

Petrobras announces that it started yesterday, November 11th, production at Papa Terra field, located at the south of Campos Basin, with platform P-63, which is connected to well PPT-12. The FPSO (...

Chevron Confirms First Oil Production from Papa-Terra Offshore Brazil
Posted On Nov 12 ,2013 - 11:53-PM | by admin

Chevron Corporation (NYSE: CVX) confirmed today that its Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra's floating production, storage and offloading vessel (FPSO...

Baker Hughes Declares Force Majeure in Iraq
Posted On Nov 12 ,2013 - 11:10-AM | by admin

Baker Hughes Incorporated (NYSE: BHI) today announced that a protest incident by local residents occurred last Saturday at a subsidiary's facility near Basrah, Iraq. No injuries were suffered and the ...

BG Group completes transactions with CNOOC for QCLNG stake and LNG supply
Posted On Nov 12 ,2013 - 11:00-AM | by admin

BG Group today announced it has completed transactions with China National Offshore Oil Corporation (CNOOC) for the sale of additional interests in the Queensland Curtis LNG (QCLNG) project in Austral...

InterOil Announces 2013 Third Quarter Financial and Operating Results
Posted On Nov 12 ,2013 - 11:22-AM | by admin

Highlights •Net loss for the quarter of $6.3 million compared to a profit of $5.3 million for the same period in 2012 •$250 million secured syndicated capital expenditure facility led by Credit ...

Senior Debt Facility of up to US$100m approved for Circle Oil
Posted On Nov 12 ,2013 - 11:39-AM | by admin

Circle Oil Plc (AIM: COP), the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to announce that IFC, a member of the World Bank Group, has receiv...

Petronas announce new gas discoveries in Malaysia, Indonesia and Australia
Posted On Nov 12 ,2013 - 11:46-AM | by admin

PETRONAS is pleased to announce new gas discoveries in three of its upstream ventures in Malaysia, Indonesia and Australia. The first discovery is via the Pegaga-1 well in Block SK320, offshore Sa...

Process Systems Engineering Solutions in the GCC
Posted On Nov 12 ,2013 - 11:05-AM | by admin

BWIR Partners with Amran Establishment LLC to Offer Process Systems Engineering Solutions in the GCC Barry-Wehmiller International Resources (BWIR) announced a strategic partnership with Amran Es...

SacOil provides Quarterly Operations Update
Posted On Nov 11 ,2013 - 11:30-PM | by admin

SacOil, the South African based, independent African oil and gas company listed on the JSE and AIM (JSE: SCL / AIM: SAC) is pleased to provide the following update on the Company’s on-going operatio...

Rosneft Publishes Voluntary Offer to Acquire RN Holding Shares
Posted On Nov 11 ,2013 - 11:31-PM | by admin

On November 6, 2013 Rosneft (hereinafter – the Company) published the Voluntary offer to acquire RN Holding securities held by minority shareholders (hereinafter the Voluntary offer) and sent the Vo...

Lundin announce that drilling of appraisal well 16/5-5 in PL410 has commenced
Posted On Nov 11 ,2013 - 11:20-PM | by admin

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 16/5-5 in PL410 has commenced. The ...

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Kuwait
Posted On Nov 11 ,2013 - 11:36-PM | by admin

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of her visit to Kuwait: “It has been a great pleasure to visit Kuw...

Statoil makes new oil discovery in the Norwegian Sea
Posted On Nov 11 ,2013 - 11:14-PM | by admin

Statoil has together with partners in PL348/348B made an oil discovery in the Snilehorn prospect in the Norwegian Sea, approximately fifteen kilometres northeast of the Njord field. This is the th...

Transocean Ltd. announce Third Quarter 2013 Earnings Results
Posted On Nov 08 ,2013 - 11:23-PM | by admin

Third quarter 2013 revenues were $2.558 billion, compared with $2.397 billion in the second quarter of 2013 Operating and maintenance expenses for the third quarter were $1.491 billion, compared wi...

Transocean Ltd. Announces Construction Contracts for Five Newbuild High-Specification Jackups
Posted On Nov 08 ,2013 - 11:21-PM | by admin

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that a subsidiary has awarded contracts to Keppel FELS Limited's shipyard in Singapore for the construction of five Super B 400 Bigfoot Class ja...

Corruption in the downstream sector of Nigeria’s oil and gas industry
Posted On Nov 08 ,2013 - 11:39-AM | by admin

Dark Business, Dirty Profits: Swiss Commodity Traders in Nigeria Every year Nigerian state coffers lose billions of dollars as large volumes of oil are exported for well below market price and the ...

Trafigura AG Signs Pipeline Agreement with ETP
Posted On Nov 08 ,2013 - 11:46-AM | by admin

Agreement underscores Trafigura AG’s pivotal role in bringing Eagle Ford product to market Trafigura AG, a leader in international commodities trading and logistics today announced it has signed ...

Versalis and Lotte Chemical establish a joint venture to target Asian growth in the elastomers market
Posted On Nov 08 ,2013 - 11:29-AM | by admin

Versalis, Eni's chemical subsidiary and a global leader in the elastomers industry, and Lotte Chemical, a major petrochemical company in South Korea, have established a 50:50 Joint Venture under the ...

Sterling Energy announce additional farmin to Odewayne Block (Republic of Somaliland)
Posted On Nov 08 ,2013 - 11:24-AM | by admin

On 6 November 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company (AIM: SEY), announced that its wholly owned subsidiary, Sterling Energy (East Africa) L...

Nido Petroleum signs Letter of Intent to drill the Baragatan prospect
Posted On Nov 08 ,2013 - 11:45-AM | by admin

Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) is pleased to advise that the Company has signed a Letter of Intent (‘LOI’) with a preferred rig contractor to drill the Baragat...

Falkland Oil and Gas announce the start of the third 3D seismic survey
Posted On Nov 08 ,2013 - 11:33-AM | by admin

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands is pleased to announce the start of the third 3D seismic survey. The ...

Transocean Ltd. Announces 5-Year Contract For Newbuild Ultra-Deepwater Drillship
Posted On Nov 07 ,2013 - 11:48-PM | by admin

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced it has been awarded a five-year contract for a newbuild dynamically positioned ultra-deepwater drillship by Chevron U.S.A. Inc. Shipyard deliver...

Hays Oil & Gas Global Job Index cools slightly in the third quarter of 2013
Posted On Nov 07 ,2013 - 11:19-PM | by admin

The Hays Oil & Gas Global Job Index for the third quarter of 2013 showed a slightly cooling oil and gas labour market around the world when compared to last quarter. The Index, which charts the nu...

Tullow oil announces Kenya operations update
Posted On Nov 07 ,2013 - 11:06-AM | by admin

Tullow Oil plc (Tullow) announces that it will resume operations in Block 10BB and Block 13T on 8 November 2013 in Northern Kenya following successful dialogue with national and county government and ...

Songa Offshore SE release October fleet update
Posted On Nov 07 ,2013 - 11:41-AM | by admin

Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur mobilized for the eniVietnam contr...

Oceanteam Shipping ASA announce third quarter 2013 report
Posted On Nov 07 ,2013 - 11:03-AM | by admin

HIGHLIGHTS FOR THE QUARTER Revenue from operations USD 15.6 million • EBITDA from operations is positive USD 7.2 million • Operating profit of USD 3.8 million • Net finance negative USD 4.4 ...

ExxonMobil Receives Extensions to Madagascar Licenses
Posted On Nov 07 ,2013 - 11:48-AM | by admin

Exxon Mobil Corporation (NYSE: XOM) announced today that its affiliates in Madagascar have received extensions to their production sharing contract licenses, which will enable the resumption of explor...

IMF Mission to Tanzania
Posted On Nov 07 ,2013 - 11:12-AM | by admin

A mission from the International Monetary Fund, led by Paolo Mauro, visited Dar es Salaam from October 23 to November 5, 2013; it conducted the biennial Article IV discussions, assessed performance un...

TAQA announces Q3 2013 Results
Posted On Nov 06 ,2013 - 11:05-AM | by admin

The company reported today it had returned to profit in the third quarter after posting a loss in the same period last year. The positive figures were down to strong operational performances acros...

Petromanas announces well test results from Shpirag-2 in Albania
Posted On Nov 06 ,2013 - 11:25-AM | by admin

Petromanas Energy Inc. ("Petromanas" or the "Company") (TSXV: PMI) and Royal Dutch Shell plc ("Shell") today announced positive test results from its Shpirag-2 well in Block 2-3, which covers an area ...

Lundin Petroleum announce report for the nine months ended 30 September 2013
Posted On Nov 06 ,2013 - 11:23-AM | by admin

HIGHLIGHTS Third quarter ended 30 September 2013 (30 September 2012) Production of 29.4 Mboepd (36.6 Mboepd) - Reduced production due to the planned Alvheim FPSO shutdown in August and integrity iss...

Canacol Energy Ltd. Provides Operations Update
Posted On Nov 06 ,2013 - 11:55-AM | by admin

Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE; BVC:CNEC) is pleased to provide the following update on Corporate production and its drilling plans for the Leono 1 exploration well loca...

Max Petroleum Plc announce Successful appraisal wells at Sagiz West and Uytas
Posted On Nov 06 ,2013 - 11:43-AM | by admin

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West and two appraisal well...

Third-quarter results 2013 announced for Aker Solutions ASA
Posted On Nov 06 ,2013 - 11:27-AM | by admin

Financial Highlights • Sales were NOK 10.9 billion in the third quarter of 2013, compared with NOK 11.2 in the third quarter of 2012. • Earnings before interest, tax, depreciation and amortisati...

Visund North oil and gas field production starts
Posted On Nov 06 ,2013 - 11:39-AM | by admin

Statoil has started production from the Visund North oil and gas field in the North Sea. Visund North is the sixth project that has started production of the 12 “fast track” projects Statoil ha...

Ukraine-Chevron Sign Hydrocarbons Sharing Agreement
Posted On Nov 05 ,2013 - 11:10-PM | by admin

Ukrainian government signed shale gas production-sharing agreement (PSA) with Chevron of the U.S. and Ukraine's state owned Nadra Oleska. The PSA stipulates the distribution of hydrocarbons to be extr...

Honeywell To Modernize Nordics’ Largest Refinery
Posted On Nov 05 ,2013 - 11:01-PM | by admin

Honeywell (NYSE:HON) announced that it has been selected by Preem AB to modernize one of Europe’s largest refineries – Preemraf Lysekil – with Honeywell’s Enhanced High Performance Process Man...

Foster Wheeler Selected for Initial Feed by Rosneft and ExxonMobil for Proposed LNG Project in Russian Far East
Posted On Nov 05 ,2013 - 11:42-PM | by admin

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been selected by Rosneft and ExxonMobil to undertake the initial phase of the fro...

TAG Oil Update on Cardiff-3 Deep Well Drilling Progress
Posted On Nov 05 ,2013 - 11:12-PM | by admin

AG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that new wells in the Company's drilling program underway in the Taranaki Basin of New Zealand are showing encouraging results. These wells are part ...

Total awarded a solar power generation plant in South Africa
Posted On Nov 05 ,2013 - 11:59-AM | by admin

Total increases its footprint in South Africa through award of 86 MWp* solar power plant using affiliate SunPower’s leading technology as part of the government’s tender for renewable energy gener...

Eni signs agreement with Quicksilver on shale oil onshore US
Posted On Nov 05 ,2013 - 11:26-AM | by admin

Eni signed an agreement with Quicksilver Resources to jointly evaluate, explore and develop unconventional oil reservoirs (shale oil) onshore US. Eni will earn a 50% share in 52,500 gross acres held b...

Marathon Oil Corporation Reports Third Quarter 2013 Results
Posted On Nov 05 ,2013 - 11:21-AM | by admin

Marathon Oil Corporation (NYSE:MRO) today reported third quarter 2013 net income of $569 million, or $0.80 per diluted share, compared to net income in the second quarter of 2013 of $426 million, or $...

Chad Deaton Elected to Marathon Oil Corporation Board of Directors
Posted On Nov 05 ,2013 - 11:20-AM | by admin

Marathon Oil Corporation (NYSE: MRO) announced today that Chad Deaton has been elected to the Company's board of directors, effective Jan. 1, 2014. Deaton, 60, previously served as executive chairm...

Anadarko Announces Third-Quarter 2013 Results
Posted On Nov 05 ,2013 - 11:00-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced third-quarter 2013 net income attributable to common stockholders of $182 million, or $0.36 per share (diluted). These results include certai...

Dana Gas Revenues Grow 21% to AED 623 Million
Posted On Nov 05 ,2013 - 11:58-AM | by admin

Dana Gas, the Middle East’s largest regional private sector natural gas company, announces its financial results for the third quarter and nine month ended 30 September 2013 with a net profit of AED...

Technip Hosts Technology Day Today on Onshore Solutions
Posted On Nov 05 ,2013 - 11:49-AM | by admin

Technip will conduct later today, in Los Angeles, California, USA, a Technology Day for investors and sell-side analysts, in conjunction with our Inaugural Ethylene Forum with experts from around the ...

Tethys Announces Farm-out on Kazakhstan Assets
Posted On Nov 04 ,2013 - 11:36-AM | by admin

Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced that it has ...

PA Resources announces successful MPS farm-out in Congo
Posted On Nov 04 ,2013 - 11:13-AM | by admin

PA Resources has entered an agreement to farm-out a 60% working interest in the Mer Profonde Sud permit to SOCO International plc. The Mer Profond Sud permit comprises the exploration area of the ...

Songa Offshore SE appoints new CFO
Posted On Nov 04 ,2013 - 11:02-AM | by admin

Songa Offshore SE has today received the resignation of the company's Chief Financial Officer, Geir Karlsen. He will, until the end of 2013, remain at the Company's disposal as Executive Vice Presiden...

Schlumberger Introduces Multipole Sonic-While-Drilling Service for Large Boreholes
Posted On Nov 04 ,2013 - 11:10-AM | by admin

Schlumberger announced the release of the SonicScope* multipole sonic-while-drilling service for wells with large boreholes. The SonicScope service provides high fidelity measurements to determine for...

Schlumberger Releases Wireless Downhole Reservoir Testing System
Posted On Nov 04 ,2013 - 11:41-AM | by admin

Schlumberger announced today the release of the Quartet* downhole reservoir testing system enabled by Muzic* wireless telemetry, which provides data in real time for validation so that critical inform...

Gazprom and SIBUR joining efforts to create processing complex in Far East
Posted On Nov 02 ,2013 - 11:59-PM | by admin

Alexey Miller, Chairman of the Gazprom Management Committee and Dmitry Konov, Chief Executive Officer of SIBUR signed, at the Gazprom headquarters a Memorandum of Cooperation while constructing a gas ...

Tullow announces pricing of $650 million senior notes
Posted On Nov 01 ,2013 - 11:47-PM | by admin

Tullow Oil plc (“Tullow” or the “Company”) is pleased to announce that it has priced its offering of $650 million aggregate principal amount of 6% senior notes due 2020 at par (the “Notes”...

African Petroleum Corporation provide 3rd quarter 2013 reports
Posted On Nov 01 ,2013 - 11:35-PM | by admin

Approximately US$17.08 million cash at bank at 30 September 2013 - In addition, approximately US$12.08 million restricted cash at 30 September 2013 being security deposits that will be released ...

Chevron Reports Third Quarter Net Income of $5 Billion
Posted On Nov 01 ,2013 - 11:01-PM | by admin

Chevron Corporation (NYSE: CVX) today reported earnings of $5.0 billion ($2.57 per share – diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per share – diluted) in the 2012 t...

Pura Vida acquires a 50% interest in the Ambilobe PSC. offshore Madagascar
Posted On Nov 01 ,2013 - 11:24-AM | by admin

Under the agreement, Pura Vida acquires a 50% interest in the Ambilobe PSC. Sterling will retain a 50% interest and Operatorship. The farmin agreement is conditional upon approval by the Government of...

Statoil alters its sailing routes from supply bases in Southern Norway
Posted On Nov 01 ,2013 - 11:58-AM | by admin

Statoil has decided to alter its sailing routes from the supply bases in Southern Norway to the platforms in the North Sea. The decision is a result of several years’ work aimed at optimising use of...

Nigeria's daily crude oil production fluctuates Btw 2.2 and 2.3mbpd -NNPC
Posted On Nov 01 ,2013 - 11:51-AM | by admin

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Engr. Andrew Yakubu has decried the persistent attacks on major pipeline arteries supplying crude oil to export termin...

ConocoPhillips Reports Third-Quarter 2013 Earnings
Posted On Nov 01 ,2013 - 11:51-AM | by admin

ConocoPhillips (NYSE: COP) today reported third-quarter 2013 earnings of $2.5 billion, or $2.00 per share, compared with third-quarter 2012 earnings of $1.8 billion, or $1.46 per share. Excluding ...

Aminex provides Kiliwani North update
Posted On Nov 01 ,2013 - 11:22-AM | by admin

Aminex PLC (“Aminex” or the “Company”) announces that gas sales negotiations between its Tanzanian subsidiary Ndovu Resources Ltd. (“Ndovu”) and the Tanzanian Petroleum Development Corpora...

Statoil transaction with OMV now completed
Posted On Nov 01 ,2013 - 11:13-AM | by admin

Statoil has now completed the agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the NCS and exit Schiehallion and Rosebank fields West of Shetlands. The...

Total Inaugurates Two Lube Oil Blending Plants, in Saudi Arabia and China
Posted On Nov 01 ,2013 - 11:57-AM | by admin

Total inaugurated two lube oil blending plants, one on the Red Sea coast of Saudi Arabia and one in Tianjin, northern China, on October 30 and 31. “The two new plants will allow Total to keep pa...

Fort Hills development strengthens Total’s position in Canada
Posted On Nov 01 ,2013 - 11:14-AM | by admin

Total has reached a final investment decision to develop the Fort Hills oil sands mining project in Alberta, Canada, located some 90 kilometres north of Fort McMurray. Production from Fort Hills i...

Exxon Mobil Corporation Announces Estimated Third Quarter 2013 Results
Posted On Nov 01 ,2013 - 11:37-AM | by admin

THIRD QUARTER HIGHLIGHTS • Earnings of $7,870 million decreased $1,700 million or 18% from the third quarter of 2012. • Earnings per share (assuming dilution) were $1.79, a decrease of 14% from...

Shell moves ahead with 80,000 barrel per day Carmon Creek project
Posted On Oct 31 ,2013 - 10:00-AM | by admin

Royal Dutch Shell plc (Shell) today announced its decision to proceed with its Carmon Creek project in Alberta, Canada, expected to produce up to 80,000 barrels of oil per day. Carmon Creek is a therm...

Royal Dutch Shell plc release third quarter 2013 results
Posted On Oct 31 ,2013 - 10:31-AM | by admin

Today at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2013. Below a summarised overview of the Ro...

Technip awarded major contracts for the TEN project in Ghana
Posted On Oct 31 ,2013 - 10:38-AM | by admin

Technip, leader of a consortium with Subsea7, has been awarded by Tullow Ghana Limited two contracts for the TEN Project, located offshore Ghana, at a water depth reaching up to 2,000 meters. Together...

Total Announces the Mirawa Discovery in the Kurdistan Region of Iraq
Posted On Oct 31 ,2013 - 10:48-AM | by admin

Located 60 kilometers from the city of Erbil, the Mirawa-1 discovery well on the Harir Block was drilled to a depth of 4,260 meters and encountered significant oil and natural gas columns, with gross ...

OPEC’s World Oil Outlook and Annual Statistical Bulletin to be launched 7 November 2013
Posted On Oct 31 ,2013 - 10:16-AM | by admin

The 2013 OPEC World Oil Outlook (WOO) and Annual Statistical Bulletin (ASB) will be officially released at a press conference to be held at the OPEC Secretariat on Thursday, 7 November 2013 at 14:30 C...

Aker Solutions Sells Mooring and Loading Systems Business to Cargotec
Posted On Oct 30 ,2013 - 10:37-PM | by admin

Aker Solutions today agreed to sell its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion, or about EUR 180 million. The unit, known for the Pusnes brand nam...

Petrobras Pricing Methodology
Posted On Oct 30 ,2013 - 10:42-PM | by admin

Petrobras, in compliance with the request made by the Brazilian Securities Commission (CVM) to amend the relevant fact released on October 25th, clarifies the characteristics of the pricing methodolog...

DNO International Tests 5,900 Barrels per Day at Yemen Discovery Well
Posted On Oct 30 ,2013 - 10:08-AM | by admin

DNO International ASA ("DNO International"), the Norwegian oil and gas company, announced today that it has tested 5,900 barrels per day of 36º API crude oil from the Salsala-1 exploration well drill...

Petrofac , Bonatti Awarded US$650 million EPC Project in Alegeria
Posted On Oct 30 ,2013 - 10:22-AM | by admin

Petrofac, the international oil and gas services provider, will lead a partnership with Italian lump-sum contractor Bonatti to execute a 32-month Engineering, Procurement and Construction (EPC) contra...

Occidental Petroleum Announces Q3 2013 core income of $1.6 billion
Posted On Oct 30 ,2013 - 10:15-AM | by admin

Occidental Petroleum Corporation (NYSE:OXY) announced core income for the third quarter of 2013 of $1.6 billion ($1.97 per diluted share), compared with $1.4 billion ($1.70 per diluted share) for the ...

Subsea 7 S.A. awarded contract offshore Brazil
Posted On Oct 30 ,2013 - 10:35-AM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract to its i-Tech division valued at approximately US$60 million by Petrobras. The contract scope is for the provision of ROV’...

Statoil anounce 2013 third quarter results
Posted On Oct 30 ,2013 - 10:52-AM | by admin

Third quarter 2013 net operating income was NOK 39.3 billion. Adjusted earnings were NOK 40.4 billion. "Statoil delivered strong strategic progress in the third quarter. We added high-value barrels t...

Eni announces Results for the Third Quarter and Nine Months 2013
Posted On Oct 30 ,2013 - 10:08-AM | by admin

Financial highlights ■ Adjusted operating profit: €3.44 billion for the quarter (down 15.7%3); €9.1 billion for the nine months (down 35.2%3); ■ Adjusted net profit: €1.17 billion for the...

Crude Oil Theft another Face of Terrorism declares Alison-Madueke
Posted On Oct 29 ,2013 - 10:21-PM | by admin

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has declared that the grave phenomenon of oil theft and its global support system represents another face of terrorism which has contin...

Eni launches the Green Data Centre, the best in the world for energy efficiency
Posted On Oct 29 ,2013 - 10:27-AM | by admin

A little more than two years after laying the foundation stone, Eni has today opened its new Green Data Centre in Ferrera Erbognone (Pavia). The building will host Eni’s central computer processing ...

Kosmos Energy Finalizes Cap Boujdour Farm-out with Cairn Energy
Posted On Oct 29 ,2013 - 10:03-AM | by admin

Kosmos Energy (NYSE:KOS) today announced that it has entered into a farm-out agreement with Capricorn Exploration & Development Company Limited, a wholly-owned subsidiary of Cairn Energy PLC (LSE:CNE)...

ConocoPhillips Announces First Oil production from Ekofisk South
Posted On Oct 29 ,2013 - 10:02-AM | by admin

ConocoPhillips (NYSE: COP) today announced first oil production from the Ekofisk South development project in the Norwegian North Sea on Oct. 25. "The Ekofisk South project startup represents an i...

Longreach provides Operational Progress for Drilling on Sidi Moktar
Posted On Oct 29 ,2013 - 10:03-AM | by admin

Significant Drilling Campaign Commences with Well Spud on Foum Draa LONGREACH OIL AND GAS LIMITED (TSX-V: LOI) (the "Company" or "Longreach"), an independent oil and gas company focused on Moroc...

Sonde Resources Corp. Provides Update on Viking Farmout in North Africa
Posted On Oct 29 ,2013 - 10:28-AM | by admin

Sonde Resources Corp. (“Sonde”) (TSX:SOQ) (NYSE MKT: SOQ) announced today that Viking Exploration and Production Tunisia Limited (“Viking”) requested an extension to the closing deadline for t...

Africa Oil Closes US$450 Million Brokered Private Placement
Posted On Oct 29 ,2013 - 10:31-AM | by admin

Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that it has closed the US$450,000,000 brokered private placement, previously announced on October 16,...

Tullow announce update on Wisting Alternative well (7324/7-1S)
Posted On Oct 29 ,2013 - 10:32-AM | by admin

Tullow Oil plc (Tullow) announces that the Wisting Alternative well (7324/7-1S), offshore Norway in the Barents Sea, has reached Total Depth. The well was not appraising the major discovery at Wisting...

BP Announces Third Quarter 2013 Results
Posted On Oct 29 ,2013 - 10:41-AM | by admin

BP today announced its financial results for the third quarter of 2013. Underlying replacement cost profit1 for the period was $3.7 billion, compared to $2.7 billion for the previous quarter. Operatin...

Dynagas Chooses GE Power Conversion for Sustainable Marine Solutions
Posted On Oct 28 ,2013 - 10:47-PM | by admin

Dynagas says it wants to support a cleaner environment through safe and efficient transportation of clean-burning liquid natural gas (LNG). “Dynagas recognizes its responsibilities to the industry t...

Total brings Ekofisk South on stream
Posted On Oct 28 ,2013 - 10:13-PM | by admin

Total announces the start-up of oil production from the Ekofisk South project in the Norwegian part of the North Sea on October, 25 approximately two months ahead of schedule. The project will increas...

Newcross Petroleum encounters sixteen (16) hydrocarbon-bearing sands With Efe-1
Posted On Oct 28 ,2013 - 10:13-AM | by admin

Nigerian independent, Newcross Petroleum, operating on the margins for the past nine years, has broken into the mainstream of the country’s oilfield activity. The vehicle is the rank wildcat Efe-...

Sterling Energy signed a Farmout Agreement for Odewayne Block (Republic of Somaliland)
Posted On Oct 28 ,2013 - 10:07-AM | by admin

Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company (AIM:SEY), is pleased to announce that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (...

Gulfsands Petroleum provides Morocco Operations Update
Posted On Oct 28 ,2013 - 10:30-AM | by admin

Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and...

Range Resources announces Guatemala Update
Posted On Oct 28 ,2013 - 10:19-AM | by admin

Range Resources Limited (“Range” or “the Company”) would like to draw attention to the announcement released today by Citation Resources Limited (ASX:CTR) with respect to the Company’s inter...

Platform solution recommended to maximise Snorre production
Posted On Oct 28 ,2013 - 10:59-AM | by admin

Statoil recommends building a new drilling and processing platform on the Snorre field in the North Sea to extract maximum remaining reserves. Together with Petoro and the other licence partners,...

Grangemouth Petrochemicals Business to reopen
Posted On Oct 25 ,2013 - 10:51-PM | by admin

INEOS Grangemouth (UK) is pleased to announce that it will reopen its petrochemicals business with immediate effect. The company will also immediately restart the oil refinery. This follows Unite ...

Chevron Establishes Recoverable Resource in the Duvernay Shale Play
Posted On Oct 25 ,2013 - 10:19-PM | by admin

Chevron Corporation (NYSE: CVX) today announced the successful conclusion of the initial exploration phase by its Canadian subsidiary, Chevron Canada Limited, in the Kaybob area of the Duvernay play, ...

Petrobras oil output up by 3.7% in September
Posted On Oct 25 ,2013 - 10:56-PM | by admin

Petrobras announces that, oil output (oil plus natural gas liquids – NGL) from all of Petrobras’ fields in Brazil averaged 1,979 thousand barrels per day (bpd) in September. This volume is 3.7% hi...

Victoria Oil & Gas Plc. announce results for year ended 31 May 2013
Posted On Oct 25 ,2013 - 10:20-AM | by admin

Chairman’s Statement & Review of Operations I wrote to you on 10 October providing an update on many operational matters and whilst I may be repeating myself here, the update included some key me...

CME Group Announces Record Trading Volume for WTI-Brent Crude Oil Spread Options
Posted On Oct 25 ,2013 - 10:37-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced record daily trading volume for its NYMEX WTI-Brent Crude Oil Spread Option contract (BV) yesterday, October 23...

Petroamerica anounce Update on its Appraisal Activities in Colombia
Posted On Oct 25 ,2013 - 10:45-AM | by admin

Petroamerica Oil Corp. (TSX-V:PTA) (“Petroamerica” or the “Company”), a Canadian oil company operating in Colombia is pleased to provide an update for its current appraisal activities in Colom...

NOVATEK announce launch of Urengoyskoye field
Posted On Oct 25 ,2013 - 10:09-AM | by admin

OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the initial launch of the Urengoyskoye field within the Company’s Olimpiysky license block, with the field’s production capacit...

CNOOC Limited Announces Key Operational Statistics of Q3
Posted On Oct 25 ,2013 - 10:02-AM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) is pleased to announce its key operational statistics for the third quarter of 2013. During the quarter, the Company’s total ne...

CNOOC Limited Announces First Gas from the Rochelle Field
Posted On Oct 25 ,2013 - 10:40-AM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that the first production from the Rochelle gas-condensate field in the UK North Sea has commenced. At Rochelle fiel...

Oryx Petroleum Announces Oil Discovery at Ain Al Safra
Posted On Oct 25 ,2013 - 10:13-AM | by admin

Second Discovery in Hawler License Area in the Kurdistan Region of Iraq Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces the discovery and testing of...

Noble Energy Announces Third Quarter 2013 Results
Posted On Oct 24 ,2013 - 10:50-AM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today third quarter 2013 net income of $205 million, or $0.56 per diluted share, and income from continuing operations(1) of $195 million, or $0.53 per diluted...

Petrofac awarded second phase of Iraq project
Posted On Oct 24 ,2013 - 10:07-AM | by admin

Petrofac, the international oilfield service provider, has announced a contract extension from South Oil Company (SOC) for its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US...

Sterling Energy issues Interim Management Statement
Posted On Oct 24 ,2013 - 10:49-AM | by admin

Sterling Energy Plc (“Sterling”) is today issuing its Interim Management Statement for the period beginning 1 July 2013. HIGHLIGHTS • Production, net to Sterling from the Chinguetti field, a...

Europa announces completion of 3D Seismic in South Porcupine Basin, Offshore Ireland
Posted On Oct 24 ,2013 - 10:26-AM | by admin

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is pleased to announce the completion ...

Total sanctions Vega Pleyade offshore field development in Tierra del Fuego, Argentina
Posted On Oct 24 ,2013 - 10:01-AM | by admin

Total (operator, 37.5%) has taken the final investment decision to develop the offshore Vega Pleyade gas and condensate field. Vega Pleyade will produce through three horizontal wells. Together wit...

Tullow announces intention to offer $500m senior notes
Posted On Oct 24 ,2013 - 10:29-AM | by admin

Tullow Oil plc (“Tullow” or the “Company”) today announces that it intends to offer $500 million in aggregate principal amount of senior notes due 2020 (the “Notes”). The Notes, whose net ...

Evans Shoal appraisal well drill successful in Offshore Australia
Posted On Oct 24 ,2013 - 10:39-AM | by admin

Eni estimates that the Evans Shoal gas field contains at least 8Tcf of raw gas in place. Eni announces the successful completion of the Evans Shoal North-1 appraisal well in the Evans Shoal gas fi...

Heritage Oil Expands Exploration Portfolio in Papua New Guinea
Posted On Oct 24 ,2013 - 10:43-AM | by admin

Heritage Oil Plc ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces today that it has agreed with Kina Petroleum Limited ("Kina Pe...

Neste Oil's Interim Report for January-September 2013
Posted On Oct 24 ,2013 - 10:32-AM | by admin

Strong quarterly result driven by outstanding performance at Renewable Fuels Third quarter in brief: • Comparable operating profit was EUR 217 million (Q3/2012: EUR 159 million) • IFRS ope...

BP Opens New Facility in Houston to House the World’s Largest Supercomputer for Commercial Research
Posted On Oct 23 ,2013 - 10:00-PM | by admin

The Center for High-Performance Computing will keep BP at forefront of seismic imaging technology, enhancing capabilities in exploration, reservoir management BP announced today it has opened a new f...

CNOOC announce exploration progress in Bohai
Posted On Oct 23 ,2013 - 10:06-PM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced the Company recently made a mid-sized new exploration discovery Luda 5-2 North and successfully appraised the mid-sized oi...

Chevron Acquires New Acreage Offshore Australia
Posted On Oct 23 ,2013 - 10:58-AM | by admin

Exploration acquisition adds to opportunities in Australia Chevron Corporation (NYSE:CVX) today announced its Australian subsidiary has acquired exploration interests in two offshore blocks locate...

EIA initiates new monthly Drilling Productivity Report
Posted On Oct 22 ,2013 - 10:16-PM | by admin

The U.S. Energy Information Administration (EIA) released today the initial edition of a new monthly Drilling Productivity Report (DPR) to provide region-specific insights into oil and natural gas dri...

CNOOC Limited Announces Successful Bid for Libra Field in Brazil
Posted On Oct 22 ,2013 - 10:30-PM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced that the Company, as part of a consortium comprised of Petrobras, Shell, Total and CNPC, has been awarded a 35-year produc...

IMF and Ghana to Co-Host High-Level Conference on the Opportunities, Challenges of Financial Integration in West Africa
Posted On Oct 22 ,2013 - 10:26-PM | by admin

The Government of Ghana and the International Monetary Fund (IMF) will co-host a regional conference on October 28, 2013, in Accra, on the opportunities and challenges of financial integration in West...

Repsol makes a new high quality oil discovery in Libya
Posted On Oct 22 ,2013 - 10:23-PM | by admin

Repsol has made a high quality light oil find (40º API) in Libya’s Murzuq basin. The find was made in block NC115 in the Sahara desert, 800 kilometres south of Tripoli. The discovering well, ca...

Total Awarded 20% Interest in the Super-Giant Libra Field in the Santos Basin
Posted On Oct 22 ,2013 - 10:08-AM | by admin

Total, as part of a consortium comprised of Petrobras, Shell, CNPC and CNOOC, has been awarded a 35-year production sharing contract to develop the super-giant Libra field with a potential of 8 to 12 ...

Shell Announces Successful Bid For Giant Field In Deep Water Brazil
Posted On Oct 22 ,2013 - 10:45-AM | by admin

A consortium of companies, including Royal Dutch Shell plc (“Shell”), Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil disc...

Petróleo Brasileiro S.A. Libra Auction Result
Posted On Oct 22 ,2013 - 10:35-AM | by admin

Petrobras announces that the consortium comprised of Petrobras (10%), Shell (20%), Total (20%), CNPC (10%) and CNOOC (10%) was the winner in the 1st Pre-salt bidding round held today by the Brazilian ...

PDO has drilled its 1,000th well at its Nimr oil field
Posted On Oct 21 ,2013 - 10:59-PM | by admin

Petroleum Development Oman (PDO) has drilled the 1,000th well at its Nimr oil field – the first in the country to reach such a milestone. NM-1000 has been developed around three kilometres south we...

BP Appoints New Head of Exploration
Posted On Oct 21 ,2013 - 10:02-PM | by admin

BP announced that it will appoint Richard Herbert as its new head of exploration. Herbert will succeed Mike Daly who has chosen to retire from BP at the end of 2013 after a career of 28 years with the...

Polar Petroleum Corp. Enters Agreement with ConocoPhillips
Posted On Oct 21 ,2013 - 10:05-PM | by admin

Polar Petroleum Corp. (POLR; herein after "Polar Petroleum", "Polar" and/or "the Company") entered into a charter agreement seismic data use license ("License") on August 28, 2013 with ConocoPhillips ...

SPDC lifts force majeure on Bonny Light exports
Posted On Oct 21 ,2013 - 10:26-PM | by admin

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) lifted the force majeure on Bonny Light exports effective noon today (October 18) following repair of recent spill points on the Trans Nig...

Subsea 7 S.A. awarded two contracts offshore Brazil
Posted On Oct 21 ,2013 - 10:29-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC) announced the award of two contracts with a combined value (at the time of contract signature) in excess of US$600 million from Petrobras. The contracts are for ope...

Third well completed in Jupiter area confirms extension of Santos Basin pre-salt discovery
Posted On Oct 21 ,2013 - 10:22-PM | by admin

Petrobras announces it has completed drilling the well 3-BRSA-1183-RJS (3-RJS-713), informally known as Bracuhy, located in Santos Basin pre-salt block BM-S-24. This is the third well drilled in Jupi...

Trunk line of Myanmar-China Gas Pipeline becomes operational
Posted On Oct 21 ,2013 - 10:06-PM | by admin

On October 20, natural gas traveling from the Bay of Bengal was ignited in Guigang, Guangxi Zhuang Autonomous Region in China, indicating that the trunk line of the Myanmar–China Gas Pipeline has g...

Anadarko Announces Wattenberg Property Exchange
Posted On Oct 21 ,2013 - 10:51-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced the closing of a property exchange with Noble Energy, Inc. (NYSE: NBL) in the Wattenberg field of northeastern Colorado, effective Jan. 1, 20...

Noble Energy Announces Strategic Acreage Exchange In DJ Basin
Posted On Oct 21 ,2013 - 10:51-AM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced the closing of an acreage exchange with Anadarko Petroleum Corporation (NYSE: APC) in the greater Wattenberg area of northern Colorado. Each party contr...

Operational Excellence Drives Performance in Oil, Gas and Petrochemicals
Posted On Oct 21 ,2013 - 10:39-AM | by admin

Euro Petroleum Consultants (EPC), will be hosting a major new conference, OpEx 2013 in Abu Dhabi in December. The conference will focus on Operational Excellence strategies in Oil, Gas and Petrochemic...

Technip will perform turnkey contract for Qatar Petroleum’s FMB offshore project
Posted On Oct 21 ,2013 - 10:14-AM | by admin

Technip was awarded by Qatar Petroleum an engineering, procurement, installation and commissioning contract for a strategically important* Offshore Project comprising a living quarter platform and an ...

CNOOC's Two New Oil Fields Start Production Successfully
Posted On Oct 18 ,2013 - 10:40-PM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) announced that, Wenchang 19-1 North and Weizhou 12-8 West oil fields have recently commenced production. Wenchang 19-1 North oil field is l...

Cairn Energy PLC issues Interim Management Statement
Posted On Oct 18 ,2013 - 10:26-PM | by admin

Cairn Energy PLC is today issuing its Interim Management Statement in accordance with the reporting requirements of the EU Transparency Directive. Simon Thomson, Chief Executive, Cairn Energy PLC s...

Gazprom Neft’s Shakal block in Iraq sets seismic survey world record
Posted On Oct 17 ,2013 - 10:03-PM | by admin

A new world seismic surveying record has been set on the Gazprom Neft operated Shakal block in Iraq. During the seismic study, data was transmitted from more than 6,200 sensors using RT System 2 wirel...

Eland Oil & Gas PLC Operations Update for the OML 40 licence, located onshore Nigeria
Posted On Oct 17 ,2013 - 10:08-PM | by admin

Eland Oil & Gas PLC (AIM: ELA), an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, announces the following update on activities for the OML 40...

Africa Hydrocarbons Completes Interpretation of Well Data and Provides an Operational Update on the BHN-1 Well in Tunisia
Posted On Oct 17 ,2013 - 10:35-AM | by admin

Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") today issued the following operational update regarding its BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia. A...

Technip awarded technology and engineering contract for Sasol’s ethane cracker in Louisiana
Posted On Oct 17 ,2013 - 10:25-AM | by admin

Technip was awarded by Sasol a contract to supply its proprietary ethylene technology and front-end engineering design (FEED) for a world-class grassroots ethane cracker. This cracker, to be located a...

Statement by IMF Managing Director Christine Lagarde on U.S. Debt Ceiling Action
Posted On Oct 17 ,2013 - 10:51-AM | by admin

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “The U.S. Congress has taken an important and necessary step by ending th...

SPDC raises alarm over increased Nigeria crude oil theft
Posted On Oct 16 ,2013 - 10:13-PM | by admin

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has again raised alarm on the increasing trend of crude oil theft which has caused repeated closures of two key pipelines this year, resul...

RWE Dea UK starts production from the Breagh gas field
Posted On Oct 15 ,2013 - 10:56-PM | by admin

RWE Dea UK has started gas production from the Breagh gas field located in the UK Southern North Sea. The first three wells brought into production had an initial total flow rate of 2.75 million cubic...

Neste Oil improves its ranking as one of the 'hottest' companies in bioenergy
Posted On Oct 15 ,2013 - 10:56-PM | by admin

Neste Oil improves its ranking as one of the 'hottest' companies in bioenergy Biofuels Digest, one of the leading online news publications covering the bioenergy field, published its list of 'The 50 ...

Technip awarded substantial subsea contract for the Delta House project, in the Gulf of Mexico
Posted On Oct 15 ,2013 - 10:07-PM | by admin

Technip was awarded by LLOG Exploration Offshore L.L.C. a substantial(1) contract for the development of the Delta House field, located in the Mississippi Canyon area of the US Gulf of Mexico. Th...

Board Changes at African Petroleum Corporation
Posted On Oct 15 ,2013 - 10:33-PM | by admin

Further to its announcement dated 13 August 2013, African Petroleum Corporation Limited (NSX: AOQ) (“African Petroleum” or the “Company”) announces that Mr Charles Matthews has been formally a...

Neste Pro Diesel is the first fuel to comply with the WWFC 5 specification
Posted On Oct 15 ,2013 - 10:57-PM | by admin

Neste Pro Diesel, a premium-quality diesel fuel developed and produced by Neste Oil in Finland, is the first anywhere to comply with the WWFC 5 specification drawn up as part of the Worldwide Fuel Cha...

Neste Jacobs to Deliver the Production Optimization of Valio Whey Powder Factory with NAPCON® APC Technology
Posted On Oct 15 ,2013 - 10:54-PM | by admin

Technology, engineering and project management company Neste Jacobs and dairy company Valio have signed a long-term agreement for Neste Jacobs to deliver the production optimization of Valio Whey Powd...

Petrobras announces asset Sale in Uruguay
Posted On Oct 07 ,2013 - 10:25-PM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board has approved the sale of its participation in the companies owners of Blocks 3 and 4, in Punta del Este Basin, Uruguay, to Sh...

IMF Deputy Managing Director Nemat Shafik Highlights the Strong Macroeconomic Performance of GCC Countries and Encourages Further Reforms
Posted On Oct 07 ,2013 - 10:31-PM | by admin

Nemat Shafik, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Riyadh, Saudi Arabia, with the finance ministers...

Unconventional Oil and Gas are Transforming Global Energy Supply
Posted On Oct 07 ,2013 - 10:53-PM | by admin

MENA Shale 2013 With the competing demands of power generation and petrochemicals and the relative shortage of gas in the region, unconventional gas is becoming strategically important to the MENA...

Technip and MMHE confirm their support to PETRONAS for the development of Block SK316
Posted On Oct 07 ,2013 - 10:22-PM | by admin

Technip, in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE)(1), has received confirmation from PETRONAS Carigali for a substantial(2) engineering, procurement, construction, ...

The Offshore Safety & Risk Forum in Norway to focus on creating a safer work environment at offshore sites
Posted On Oct 07 ,2013 - 10:40-PM | by admin

Offshore Safety & Risk Forum in Stavanger,Norway to address challenges being faced by the offshore industry and achieving goal zero at offshore sites. The European Union (EU) recently adopted a dir...

ANP to present at the 2nd Annual LatAm HSE in Oil, Gas, Petrochemicals and Energy
Posted On Oct 07 ,2013 - 10:00-PM | by admin

ANP supports 2nd Annual LatAm HSE in Oil, Gas, Petrochemicals and Energy Latin America will see a lot of companies involved in the production and processing of oil and gas with the recent discovery...

Noble Energy Provides DJ Basin Update
Posted On Oct 07 ,2013 - 10:52-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced impacts of the mid-September flooding in Northern Colorado on its DJ Basin operations. Total net production loss on average for the third quarter of 2013...

Chevron Announces Key Senior Leadership Appointments
Posted On Oct 07 ,2013 - 10:43-PM | by admin

Jay Johnson named SVP, Upstream; Joe Geagea named SVP, Technology, Projects and Services Pierre Breber named corporate vice president and president, Chevron Gas and Midstream SAN RAMON, Calif.--(B...

Eni presents the twelfth edition of World Oil and Gas Review
Posted On Oct 07 ,2013 - 10:50-PM | by admin

World oil reserves increased in 2012 (+2% vs 2011), gas reserves remained almost flat (+0.4% vs 2011) ■ World production of oil and gas is rising (+2.9% and +1.8% vs 2011) ■ World oil consumpt...

Total Drives Road Safety Awareness for Its Petroleum Product Transporters in Africa and the Middle East
Posted On Oct 03 ,2013 - 10:51-PM | by admin

Four conventions will bring together some 600 transporter representatives in around 50 countries from October 2013 to January 2014  Transporters’ Conventions Kick Off in Tunis on October 1 and...

Noble Energy Announces Appraisal Drilling And Flow Test Results Offshore Republic Of Cyprus
Posted On Oct 03 ,2013 - 10:25-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that the A-2 appraisal well drilled on the Block 12 discovery offshore the Republic of Cyprus has successfully encountered approximately 120 feet of net ...

Shell produces first oil from phase 2 of Parque das Conchas, offshore Brazil
Posted On Oct 02 ,2013 - 10:22-PM | by admin

Shell and its partners have begun production from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil’s south-east coast. The BC-10 project (Shell share 50%, P...

County-Court Orders Pennsylvania Lands, Mineral Rights in Susquehanna, Bradford Counties to be Sold at Public Auction
Posted On Oct 02 ,2013 - 10:12-AM | by admin

Qualified buyers will have the opportunity to purchase 435± acres of land and mineral rights in Susquehanna and Bradford counties, Penn., at a court-ordered auction to be held on Wednesday, Oct. 30. ...

Chevron and Tohoku Electric Sign Wheatstone LNG Agreement
Posted On Oct 02 ,2013 - 10:55-AM | by admin

Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiaries have signed binding long-term Sales and Purchase Agreements (SPAs) with Tohoku Electric Power Company, Inc. (Tohoku) to...

Petrobras’ oil output up by 1.1% in August
Posted On Oct 02 ,2013 - 10:00-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that, in August, oil output (oil plus natural gas liquids - NGL) from all the company’s fields in Brazil averaged 1,908,000 barrels per day (bpd). T...

IMF Executive Board Discusses 2013 Low-Income Countries Global Risks and Vulnerabilities Report
Posted On Oct 02 ,2013 - 10:18-AM | by admin

On September 24, 2013, the Executive Board of the International Monetary Fund (IMF) met to discuss the 2013 Low-Income Countries Global Risks and Vulnerabilities Report. An assessment of vulnerabi...

JLCC, Inc. Gets EPA 40 CFR 60.18 Certification on Smokeless Flare
Posted On Oct 02 ,2013 - 10:33-AM | by admin

JLCC, Inc. receives formal notification of a completed third-party performance evaluation, certifying the Smokeless Flares under EPA 40 CFR 60.18 guidelines. DALLAS (I-Newswire) September 30, 2013 - ...

Shell Companies in Nigeria win award for education support
Posted On Sep 30 ,2013 - 09:29-PM | by admin

Shell Companies in Nigeria (SCiN) emerged “Best Company in Education” at the annual Social Enterprise Report and Awards (SERAs) ceremony held in Lagos on September 21, the third time they are bein...

GE Signs Land Agreement with MODON for New GE Oil & Gas Manufacturing Facility in Dammam
Posted On Sep 30 ,2013 - 09:06-PM | by admin

GE (NYSE: GE) has signed a 74,000 sq meters land lease agreement with the Saudi Industrial Property Authority (MODON). More than 50 percent of the land, which is located in Dammam 2nd Industrial City,...

Technip and Shell Cansolv to strengthen CO2 capture technology
Posted On Sep 30 ,2013 - 09:16-PM | by admin

Technip and Shell Cansolv have signed an agreement to leverage their respective expertise in marketing an end-to-end solution for Carbon Capture and Sequestration (CCS) projects. The agreement enables...

IMF Concludes 2013 Article IV Consultation and Second ECF Review Mission to the Democratic Republic of São Tomé and Príncipe
Posted On Sep 30 ,2013 - 09:42-PM | by admin

A team from the International Monetary Fund (IMF), led by Mr. Ricardo Velloso, visited São Tomé and Príncipe during September 13-26, 2013, to conduct discussions for the 2013 Article IV consultatio...

Rosneft and ExxonMobil Select Contractors for Initial Phase Engineering and Design for Russian Far East LNG Project
Posted On Sep 30 ,2013 - 09:49-PM | by admin

Rosneft and ExxonMobil today selected CB&I UK and Foster Wheeler Energy as contractors for initial phase front end engineering and design (FEED) for a proposed Russian Far East liquefied natural gas p...

Eni launches the institutional campaign "Let's give energy a new energy"
Posted On Sep 30 ,2013 - 09:21-PM | by admin

Toni Servillo is the narrator. Eni presented in Milan today Rethink Energy, the new institutional campaign designed to instil a new mentality of responsible and efficient energy use. The campaign...

Shell renews support for global cookstove alliance with $6 million donation
Posted On Sep 30 ,2013 - 09:23-PM | by admin

Shell pledged an additional $6 million to the Global Alliance for Clean Cookstoves, which aims to save lives and protect the environment through the use of improved cookstoves and fuels. This follows ...

Ekales-1 Oil Discovery in Kenya
Posted On Sep 30 ,2013 - 09:57-PM | by admin

Tullow Oil plc (“Tullow”) is pleased to announce that the Ekales-1 wildcat, located in Block 13T in Northern Kenya, has made a new oil discovery. Results of drilling, wireline logs and samples of ...

Significant oil discovery offshore Canada by Statoil
Posted On Sep 30 ,2013 - 09:09-PM | by admin

Statoil (OSE:STL, NYSE:STO) Canada and co-venturer Husky Energy have announced that the first Bay du Nord exploration well has discovered between 300 and 600 million barrels of oil recoverable. T...

Technip awarded flexible pipe supply contract in Norway, for Statoil
Posted On Sep 30 ,2013 - 09:30-AM | by admin

Technip was awarded by Statoil a contract to fabricate and supply flexible risers(1) for several fields on the Norwegian Continental Shelf. The contract(2) also includes options for further risers and...

Paradigm Introduces New Open and Integrated Platform at SEG 2013
Posted On Sep 30 ,2013 - 09:22-AM | by admin

New solution further integrates Paradigm applications, interconnects to third parties,and introduces an open database. Paradigm® (www.pdgm.com) unveiled Paradigm® Epic, an open and integrated pla...

Repsol Sinopec Brasil Selects the Paradigm Interpretation Software Suite
Posted On Sep 30 ,2013 - 09:47-AM | by admin

The company will use Paradigm solutions to explore and develop a major hydrocarbon discovery in the Campos Basin Paradigm® (www.pdgm.com) and Repsol Sinopec announced that Repsol Sinopec (www.reps...

Gas discovery in Iskrystall
Posted On Sep 30 ,2013 - 09:33-AM | by admin

Statoil ASA has together with its partners Eni Norge AS and Petoro AS made a gas discovery in the Iskrystall prospect in PL608 in the Barents Sea. Well 7219/8-2, drilled by the drilling rig West ...

World’s largest solar merchant project in Chile
Posted On Sep 30 ,2013 - 09:40-AM | by admin

Total, Sunpower and Etrion partner to build, own and operate 70 MWp solar power plant in Chile with financing secured from US overseas private investment corporation. Total S.A. (“Total”) (CAC:...

Jubail Platform in Saudi Arabia Ships First Cargo of Refined Products
Posted On Sep 30 ,2013 - 09:12-AM | by admin

SATORP, a joint venture between Saudi Aramco (62.5%) and Total (37.5%), has begun shipping refined products from the Jubail complex in Saudi Arabia. Saudi Aramco loaded a first shipment of heavy fuel ...

Total Acquires Offshore Exploration Interests in South Africa
Posted On Sep 30 ,2013 - 09:48-AM | by admin

Total announces that it has received approval from the South African authorities and has completed the acquisition of a 50% interest in Block 11B/12B, from CNR International (South Africa) Ltd., a who...

Total launches the development of Incahuasi in Bolivia
Posted On Sep 30 ,2013 - 09:31-AM | by admin

Total announces today the final investment decision for a first development phase of the Incahuasi gas and condensate field in Bolivia, following the successful drilling results of the ICS-2 explo...

International Arbitration Tribunal Finds Chevron Not Liable for Environmental Claims in Ecuador
Posted On Sep 20 ,2013 - 09:31-PM | by admin

An international arbitration tribunal yesterday issued a Partial Award in favor of Chevron (NYSE: CVX) and its subsidiary, Texaco Petroleum Company (TexPet). The Tribunal found that the Settlement an...

ArcelorMittal selected by Technip to supply highly-resistant steel wires for the development of offshore fields
Posted On Sep 20 ,2013 - 09:10-PM | by admin

ArcelorMittal’s site located in Bourg-en-Bresse is currently developing a partnership to supply highly-resistant steel to be used in the manufacturing of flexible sheaths for Technip, with the aim o...

Neste Oil planning to exit the shipping business - Ownership of key vessels will remain in Finland
Posted On Sep 20 ,2013 - 09:33-PM | by admin

Neste Oil is planning to exit its shipping business. According to the plan, the company would sell all its own vessels and outsource the ship management functions currently covering them, with around ...

Paradigm to Highlight Its Latest Innovations at SEG 2013
Posted On Sep 17 ,2013 - 09:41-PM | by admin

Presentations will focus on enhancements to industry-leading geophysics applications as well as workflow improvements offering advanced science for everyone. Paradigm® (www.pdgm.com) will present ...

Petroceltic begins production at Kaliakra gas field, Bulgaria
Posted On Sep 17 ,2013 - 09:41-PM | by admin

Petroceltic International plc (“Petroceltic” or “the Company”), the upstream oil and gas exploration and production company focused on the Middle East, North Africa (“MENA”), the Mediterra...

Appointment of Non-Executive Director by Petroceltic
Posted On Sep 17 ,2013 - 09:42-PM | by admin

Petroceltic International plc (“Petroceltic” or “the Company”), the independent oil and gas exploration development and production company focused on the Middle East, North Africa (“MENA”)...

Aker Solutions ASA: Mandatory notification of trade
Posted On Sep 17 ,2013 - 09:11-AM | by admin

Aker Solutions ASA awarded a total of 300,849 own shares as bonus shares to qualified employees as part of the company's 2011 share purchase programme. Under the 2011 share purchase programme, laun...

Point Thomson Project Reaches Construction Milestones
Posted On Sep 16 ,2013 - 09:24-AM | by admin

More than 1,100 Alaskans employed during winter work season • Permanent camp fully operational • Export pipeline completion expected this winter • Key subcontracts awarded to CH2M HILL Ala...

Forum on oil refining kicked off today at Renaissance Doha City Centre Hotel in Doha, Qatar
Posted On Sep 16 ,2013 - 09:34-AM | by admin

3rd Annual Global Refining Technology Forum organized by Fleming Gulf Conferences got off to a good start today at Renaissance Doha City Centre Hotel in Doha, Qatar with organizations like Total Resea...

Eni and Deutsche Bank work in collaboration for Women in Business and Society. Crossing Borders
Posted On Sep 16 ,2013 - 09:04-AM | by admin

Eni and Deutsche Bank are working in collaboration for the first Italian edition of Women in Business and Society. Crossing Borders, which will be held on Tuesday, 17 September at 15:00 at the Piccolo...

Eyes on North American LNG, Dynamics and Export Capacity of United States LNG to Asia
Posted On Sep 16 ,2013 - 09:25-AM | by admin

The start of North American LNG exports is coming closer as the U.S picks up speed in approving projects, experts to gather and share insights on the dynamics and export capacity of U.S LNG exports to...

Qatar exported nearly 2,000 LNG shipments to Japan
Posted On Sep 13 ,2013 - 09:51-AM | by admin

His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry, said Qatar has safely and successfully delivered nearly 2,000 LNG cargoes to Japanese customers since 1997. H.E. the...

Eni is confirmed in the Dow Jones Sustainability World Index and the Dow Jones Sustainability Europe Index
Posted On Sep 13 ,2013 - 09:19-AM | by admin

Eni has been confirmed, for the seventh consecutive year, in the Dow Jones Sustainability World Index, which is one of the leading international sustainability indexes. The Dow Jones Sustainabilit...

African Petroleum Board Restructure and ASX Listing
Posted On Sep 13 ,2013 - 09:34-AM | by admin

Further to its announcement dated 28 June 2013, African Petroleum Corporation Limited (NSX: AOQ) (“African Petroleum” or the “Company”) advises that it is continuing to proceed with seeking a ...

Subsea 7 S.A. awarded contract offshore Gulf of Mexico
Posted On Sep 12 ,2013 - 09:17-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC) today announced a contract award by Stone Energy valued in excess of US$70 million for the development of the Cardona field in the U.S. Gulf of Mexico. The contract...

Rolls-Royce wins gas turbine design contract for UK Royal Navy's future Type 26 Global Combat Ship
Posted On Sep 12 ,2013 - 09:37-PM | by admin

Rolls-Royce has been awarded a contract to design the gas turbine system for the Royal Navy's future Type 26 Global Combat Ship, which will, subject to contract, feature the world's most powerful mari...

Rolls-Royce wins US$175m contract to power Kazakhstan-China natural gas pipeline
Posted On Sep 12 ,2013 - 09:26-PM | by admin

Rolls-Royce announced a $175 million contract to supply Asia Gas Pipeline LLP (AGP) with equipment and related services to power the flow of natural gas through Kazakhstan's Line C Gas Pipeline, part ...

LUKOIL changes its management structure
Posted On Sep 12 ,2013 - 09:15-PM | by admin

By virtue of an OAO LUKOIL decree signed by LUKOIL President Vagit Alekperov the company’s governance structure and the staffing table have been amended from September 9, 2013. Azat Shamsuarov, f...

LUKOIL Starts Exploration Drilling in Sierra Leone
Posted On Sep 12 ,2013 - 09:28-PM | by admin

Official events attended by Ernest Bai Koroma, President of the Republic of Sierra Leone, Gennady Gatilov, Deputy Minister of Foreign Affairs of Russia, and Andrey Kuzyaev, President of LUKOIL Oversea...

Dow Jones Sustainability World Index
Posted On Sep 12 ,2013 - 09:03-PM | by admin

Neste Oil included in the Dow Jones Sustainability World Index for the seventh year in succession Neste Oil has been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World) ...

Publication of the investigation report on the In Amenas terrorist attack
Posted On Sep 12 ,2013 - 09:54-PM | by admin

On 26 February 2013 the Statoil ASA board decided to conduct an investigation of the terrorist attack on In Amenas. The investigation team submitted its report on 9 September and the report was discus...

Shell appoints John Abbott as Downstream Director
Posted On Sep 12 ,2013 - 09:07-AM | by admin

Royal Dutch Shell plc (the ‘Company’) today announces the appointment of John Abbott as Downstream Director with effect from October 1, 2013. In his new role, Mr Abbott will become a member of th...

Foster Wheeler Awarded EPCm Contract by Sasol for Compression Project in Mozambique
Posted On Sep 12 ,2013 - 09:57-AM | by admin

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contr...

Eni announces first oil from the Kashagan field has been produced
Posted On Sep 11 ,2013 - 09:11-PM | by admin

Historic step for one of the largest oil fields discovered in the last 40 years and one of the most complex industrial projects worldwide. Eni announces today that first oil from the giant Kashaga...

Oryx Petroleum Corporation announce an update on its activities in the Kurdistan Region of Iraq
Posted On Sep 11 ,2013 - 09:40-PM | by admin

Advancing exploration activities and continued progress towards first production Commenting today, Oryx Petroleum`s Chief Executive Officer, Michael Ebsary, stated: “We continue to make great progr...

Chariot Oil & Gas Limited Resource Update
Posted On Sep 11 ,2013 - 09:26-PM | by admin

Independent CPR of Prospective Resource potential of the Central Area Blocks, Namibia Highlights: · Principal drilling candidate Prospect B has an independently audited estimated Unrisked G...

Over £1 Billion of Contracts for Key West of Shetland Project awarded to UK companies
Posted On Sep 11 ,2013 - 09:30-PM | by admin

BP announced today that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion an...

Noble Energy Announces Discovery At Troubadour In Gulf of Mexico
Posted On Sep 11 ,2013 - 09:00-AM | by admin

Discovered Resources for Rio Grande Area Increased to 50 - 100 MMBoe Noble Energy, Inc. (NYSE: NBL) announced today a discovery at the Troubadour exploration prospect in the Deepwater Gulf of Mexic...

Neste Oil holds its Capital Markets Day in London
Posted On Sep 11 ,2013 - 09:15-AM | by admin

Confirms its long-term ROACE target of 15% Neste Oil is holding a Capital Markets Day in London today, 11 September 2013. The event will feature a number of management presentations on areas such as ...

Shell and Baker Hughes develop innovative reservoir modelling platform
Posted On Sep 11 ,2013 - 09:52-AM | by admin

Shell and Baker Hughes today announced a software license and joint development agreement to produce a high-end platform for geological and reservoir modelling. The new platform will bring enhanced ev...

Oil discovery near Norne in the Norwegian Sea
Posted On Sep 11 ,2013 - 09:41-AM | by admin

Statoil has together with partners in PL128 made an oil discovery in the Svale North prospect in the Norwegian Sea, approximately nine kilometres northeast of the Norne field. Exploration well 66...

Nigeria making progress in Using Gas to Drive Economic Growth
Posted On Sep 10 ,2013 - 09:20-PM | by admin

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has assured that the Gas Revolution Agenda aimed at using the nation’s abundant gas resources to galvanize all-round economic growth...

RWE Dea launches gas production in Egypt
Posted On Sep 10 ,2013 - 09:02-AM | by admin

RWE Dea Egypt has produced first gas from the Disouq concession in the Egyptian Nile Delta. The project encompasses the development of seven gas fields in the area to produce a total of approx. 11.4 b...

August fleet update for Songa Offshore SE
Posted On Sep 10 ,2013 - 09:34-AM | by admin

Songa Venus achieved an earnings efficiency of 96% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur continued its operational preparations and installing Client 3rd party e...

Shell Companies in Nigeria set safety record
Posted On Sep 10 ,2013 - 09:20-AM | by admin

Shell Companies in Nigeria have worked 10 months without lost-time injury, surpassing the previous Shell best set in the Pearl Gas-to-Liquid (GTL) project in Qatar in 2010. This means that staff and c...

Technip signs an agreement with China Huanqiu Contracting & Engineering Corporation (HQC)
Posted On Sep 10 ,2013 - 09:54-AM | by admin

Technip and HQC create two joint ventures to improve access to the European and Chinese procurement markets Technip announces that its operating center in Rome, Italy, has signed an agreement with ...

Neste Oil upgrades its full-year 2013 guidance
Posted On Sep 10 ,2013 - 09:11-AM | by admin

Neste Oil expects the Group's full-year 2013 comparable operating profit to improve significantly compared to 2012 and estimates it to be higher than EUR 530 million. The Group guidance is based on th...

BP Discovers Gas in Salamat Well in Egypt
Posted On Sep 09 ,2013 - 09:44-AM | by admin

BP Egypt today announced a significant gas discovery in the East Nile Delta. The deepwater exploration well, named Salamat, is the deepest well ever drilled in the Nile Delta. It is the first well in ...

CGG Awarded 10,000 km2 BroadSeis Survey Program Offshore Malaysia
Posted On Sep 06 ,2013 - 09:15-PM | by admin

CGG announced its award by PETRONAS of a contract to acquire and process a 10,000km2 3D seismic survey program offshore Sabah and Sarawak in Malaysia using BroadSeisTM, CGG’s broadband marine soluti...

Statement by IMF Managing Director Christine Lagarde on the G-20 Leaders’ Summit
Posted On Sep 06 ,2013 - 09:37-PM | by admin

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today after the conclusion of the Group of 20 Leaders’ Summit in St. Petersburg, Rus...

Fixed rate bond offering by Eni
Posted On Sep 06 ,2013 - 09:46-AM | by admin

The bond is to be issued within the framework of the Euro Medium Term Note Programme and in accordance with the resolution adopted by Eni’s Board of Directors on 30 May 2013 San Donato Milanese ...

Oil refining forum to address challenges faced by refineries
Posted On Sep 06 ,2013 - 09:16-AM | by admin

Forum in Doha to address key issues in oil refining industry including petrochemical integration, management of wastewaster and gas to liquid technology. Wastewater management has become a key is...

Statoil partner in a new Barents Sea oil play
Posted On Sep 06 ,2013 - 09:32-AM | by admin

Statoil is a partner in the OMV-operated Wisting Central oil discovery in the Hoop area. This represents a new oil play in the Norwegian Barents Sea. "Statoil is very pleased with the discovery i...

Statoil and ABB enter subsea technology development agreement
Posted On Sep 06 ,2013 - 09:36-AM | by admin

Statoil and ABB have entered an agreement to develop solutions for subsea electrical power transmission, distribution and power conversion systems for water depths down to 3,000 metres and over long d...

Gazprom and CNPC sign Agreement on major terms and conditions of pipeline gas supply from Russia to China via eastern route
Posted On Sep 06 ,2013 - 09:11-AM | by admin

Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC) signed today in Saint Petersburg an Agreement outlining the major t...

Wisting Central well makes breakthrough oil discovery in Barents Sea offshore Norway
Posted On Sep 06 ,2013 - 09:44-AM | by admin

Tullow Oil plc (“Tullow”) announces that the Wisting Central exploration well (7324/8-1), offshore Norway, has made the first ever oil discovery in the Hoop-Maud Basin area of the Barents Sea. ...

Dana Petroleum develops blueprint for ‘independent’ national oil and gas company
Posted On Sep 04 ,2013 - 09:53-AM | by admin

Dana Petroleum is developing a blueprint for a new breed of ‘independent’ national oil and gas company That was the message from Dana’s Group Chief Executive Dr Marcus Richards speaking at th...

PETRONAS showcasing their cutting edge strategy in Oil and Gas Malaysia's national petroleum corporation
Posted On Sep 04 ,2013 - 09:36-AM | by admin

PETRONAS will be showcasing their cutting edge strategy on the direction, development, issues and challenges in the global industry at the 2nd Annual Offshore Structure Asia from the 25th to 27th Nove...

Gazprom's financial information for the three months ended March 31, 2013
Posted On Sep 04 ,2013 - 09:41-AM | by admin

Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the th...

Statoil on track with Mariner field development project
Posted On Sep 03 ,2013 - 09:09-PM | by admin

Statoil has started the build-up of its Aberdeen operating organisation and reported today at SPE Offshore Europe 2013 that the company and its partners are on track with the Mariner field development...

Cyber Security: Is the Middle East Energy Sector doing enough?
Posted On Sep 03 ,2013 - 09:13-PM | by admin

yber security is a growing concern within the energy sector. MEESEC forum is to look into the aspects of how to strengthen its technology to secure its energy infrastructure. Cyber safety, in the r...

New high impact exploration success in Mozambique by Eni
Posted On Sep 03 ,2013 - 09:00-AM | by admin

Eni has made a new high impact discovery at Agulha exploration prospect, in Area 4, offshore Mozambique. Preliminary estimates show that the Agulha structure could contain 5 to 7 Trillion cubic fe...

Petrobras announces Oil and natural gas production for July
Posted On Sep 03 ,2013 - 09:37-AM | by admin

Petrobras announces that, in July, oil output (oil plus natural gas liquids - NGL) from all the company’s fields in Brazil was 1,888 thousand barrels per day (bpd), 4.6% lower than the previous mont...

Technip signs a frame agreement with Petrobras
Posted On Sep 03 ,2013 - 09:24-AM | by admin

Technip signed a frame agreement with Petrobras for offshore projects modifications services in Brazil Technip has signed a four-year frame agreement with Petrobras for projects modifications service...

Dana starts drilling operations on Western Isles project ahead of schedule
Posted On Sep 02 ,2013 - 09:14-PM | by admin

Dana Petroleum has started drilling operations on its Western Isles Development Project two months ahead of schedule. The work is being undertaken by the drilling rig Ocean Nomad, leased from Diamond...

Neste Oil's Shareholders' Nomination Board appointed
Posted On Sep 02 ,2013 - 09:00-PM | by admin

The following members have been appointed to Neste Oil's Shareholders' Nomination Board: Eero Heliövaara, Director General of the Prime Minister's Office's Ownership Steering Department Timo ...

Apache to receive $3.1 billion in exchange for 33 percent interest in Apache Egypt
Posted On Sep 02 ,2013 - 09:00-PM | by admin

Apache And Sinopec Enter Upstream Oil And Gas Partnership Apache Corporation (NYSE, Nasdaq: APA) and Sinopec International Petroleum Exploration and Production Corporation today announced they have...

Neste Oil and Raisioagro to research the potential of straw as a renewable fuel feedstock
Posted On Sep 02 ,2013 - 09:00-AM | by admin

Neste Oil and Raisioagro have launched a research project to investigate the potential of straw as a raw material for producing renewable diesel. Large quantities of waste straw are produced as agricu...

Petróleo Brasileiro to hold an Extraordinary General Meeting on September 30th, 2013
Posted On Sep 02 ,2013 - 09:01-AM | by admin

The Board of Directors of Petróleo Brasileiro S.A. – PETROBRAS calls the shareholders of the Company to hold an Extraordinary General Meeting on September 30th, 2013, at 3:00 p.m., at the auditoriu...

Forte Oil'S Amperion Power completed the acquisition of Geregu Power plant
Posted On Aug 30 ,2013 - 08:33-AM | by admin

PLANS PLANT EXPANSION BY 50% Forte Oil PLC, Nigeria's major marketer of petroleum products is proud to announce that its subsidiary, Amperion Power Distribution Company Limited (Amperion Power) ha...

Technip awarded contract for the development of the Umm Lulu field in Abu Dhabi
Posted On Aug 29 ,2013 - 08:24-AM | by admin

Technip, in a consortium led by National Petroleum Construction Company (NPCC), has been awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) the contract for the engineering, procurement and con...

OCEANTEAM SHIPPING ASA - RELEASE OF Q2 2013 REPORT AND PRESENTATION
Posted On Aug 29 ,2013 - 08:36-AM | by admin

"During the first half year Oceanteam Shipping ASA experienced the full utilization of all vessels except for the planned dry docking and upgrade period for Bourbon Oceanteam 101. In the engineering d...

Heritage Oil Announces 2013 Interim Results
Posted On Aug 29 ,2013 - 08:20-AM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces the publication of its interim results for the six months ended 30 June 2013. All dollars ar...

Venezuela's Minister of Petroleum, Rafael Ramirez, meets Eni's CEO, Paolo Scaroni
Posted On Aug 29 ,2013 - 08:04-AM | by admin

Rafael Ramirez, Venezuela’s Minister of Petroleum, and Paolo Scaroni, CEO of Eni, met in Caracas to discuss activities and joint projects in Venezuela. During the meeting, Mr. Scaroni along with...

RIL-BP Announce New Deepwater Gas Condensate Discovery in Cauvery Basin
Posted On Aug 28 ,2013 - 08:57-PM | by admin

Reliance Industries Limited (RIL) and BP today announced a new gas condensate discovery off the east coast of India in the Cauvery basin. The discovery, in the deepwater block CY-DWN-2001/2 (CYD5),...

New oil discovery offshore Canada
Posted On Aug 28 ,2013 - 08:00-PM | by admin

Statoil has made a third discovery of crude oil in the Flemish Pass Basin, offshore Newfoundland. The discovery was made on the Bay du Nord prospect (EL1112), located approximately 500 kilometres no...

ExxonMobil Awards Alternate Path Technology License to Weatherford
Posted On Aug 28 ,2013 - 08:57-PM | by admin

Alternate Path® technique ensures full gravel pack in cased and open-hole completion wells Improves long-term reliability of sand control and reduces workovers Developed and licensed by Exxon...

Dana Gas Egypt Production reaches 200 million scfd
Posted On Aug 28 ,2013 - 08:25-AM | by admin

Production level highest in 2 years - Production reaches 41,500 barrels of oil equivalent per day (boepd) - Operations remain safe and stable - Dialogue continues with Egyptian authorities on recei...

Technip awarded FEED for LNG liquefaction project in the US
Posted On Aug 28 ,2013 - 08:06-AM | by admin

Technip was awarded by Trunkline LNG Export, LLC* the front-end engineering and design (FEED) contract for the potential expansion of the existing liquefied natural gas (LNG) import terminal located i...

Anadarko Announces $2.64 Billion All-Cash Transaction for Portion of Offshore Mozambique Block
Posted On Aug 28 ,2013 - 08:42-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced it has entered into a definitive agreement with ONGC Videsh Ltd. (OVL), a wholly owned subsidiary of Oil and Natural Gas Corporation Limited,...

Afren annouces Strong underlying operational performance
Posted On Aug 26 ,2013 - 08:31-AM | by admin

Significant exploration success Afren plc (“Afren” or the “Group”), (LSE: AFR, FTSE 250 index), the independent exploration and production company announces its Half-yearly Results for t...

Technip to lay the world’s deepest gas pipeline, for Shell in the Gulf of Mexico
Posted On Aug 26 ,2013 - 08:42-AM | by admin

Technip was awarded by Shell Offshore Inc. (“Shell”) an important engineering, procurement and installation contract for the development of subsea infrastructure for the Stones field. This field i...

Sembcorp Marine signs MOU with partners Saudi Aramco and Bahri
Posted On Aug 21 ,2013 - 08:03-PM | by admin

Sembcorp Marine has signed a Memorandum of Understanding (MOU) with Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri), one of the largest shipping companies in the world, with the...

Royal Dutch Shell plc second quarter 2013 scrip dividend programme reference share price
Posted On Aug 21 ,2013 - 08:39-AM | by admin

The Board of Royal Dutch Shell plc (“RDS”) today announced the Reference Share Price in respect of the second quarter interim dividend of 2013, which was announced on August 1st, 2013 at $0.45 per...

GAZBIR supports Global Gas Opportunities Summit to be held in Turkey
Posted On Aug 21 ,2013 - 08:28-AM | by admin

A gas compressor facility in Istanbul went online recently, a move that will aid gas transmission from east Turkey to west. This will be beneficial to the western regions where the consumption is much...

Sasol and Technip form a front-end engineering alliance for GTL facilities
Posted On Aug 21 ,2013 - 08:11-AM | by admin

Technip and Sasol, the owner of the world’s leading gas-to-liquids* (GTL) technology, announce that they have established an alliance for front-end engineering services for future Sasol GTL projects...

Oando PLC announces unaudited results for the six months period ended 30 June, 2013
Posted On Aug 20 ,2013 - 08:50-PM | by admin

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announced unaudited results for the ...

Statoil to divest minority interests in the Gullfaks and Gudrun fields
Posted On Aug 20 ,2013 - 08:16-AM | by admin

USD 2.65 bn transaction to capture value and focus the portfolio Statoil ASA (OSE: STL, NYSE: STO) has signed an agreement to divest minority interests in the Gullfaks and Gudrun fields offshore N...

Statoil discovers Gas/condensate north of Åsgard
Posted On Aug 20 ,2013 - 08:25-AM | by admin

Operator Statoil has together with PL479 partners made a gas/condensate discovery in the Smørbukk North prospect at Haltenbanken in the Norwegian Sea. Exploration well 6506/9-3, drilled by the dri...

Petrobras board approves assets sale totaling US$ 2.1 billion
Posted On Aug 17 ,2013 - 08:55-PM | by admin

Petróleo Brasileiro S.A. – Petrobras, in compliance with Brazilian Securities Commission regulation – CVM No. 358/02, announces that its Board of Directors, in a meeting held today, approved the ...

Longreach oil and gas signs drilling contract with Saipem SpA
Posted On Aug 16 ,2013 - 08:16-AM | by admin

Rig Contract Signed for Upcoming Well Programme in 2013 LONGREACH OIL AND GAS LIMITED (TSX-V: LOI) (the "Company" or "Longreach"), an independent oil and gas company focused on Morocco, is pleas...

Golar has signed a US$213mn deal with the Kuwait National Petroleum Company (KNPC)
Posted On Aug 16 ,2013 - 08:02-AM | by admin

The Board of Golar LNG Limited ("Golar" or the "Company") is pleased to announce that Golar has executed a firm contract to provide the Kuwait National Petroleum Company ("KNPC") with floating storage...

Seadrill and North Atlantic Drilling (NADL) announce strategic partnership
Posted On Aug 16 ,2013 - 08:09-AM | by admin

North Atlantic Drilling Ltd. ("NADL" or the "Company") and Seadrill Limited ("Seadrill") announced in their first quarter 2013 reports that the companies were actively engaged in discussions with pote...

ELAND OIL & GAS PLC Operations Update
Posted On Aug 15 ,2013 - 08:07-AM | by admin

Eland Oil & Gas PLC (AIM: ELA), an oil & gas development and exploration company operating in West Africa with a principal focus on Nigeria, announces the following update on activities for the OML 40...

Ofserv Selects Paradigm Sysdrill for its Expanded Service Offering in West Africa
Posted On Aug 14 ,2013 - 08:08-AM | by admin

Sysdrill to support new well planning and engineering services. Paradigm® (www.pdgm.com) announced that Oilfield Services International, Ofserv, (www.ofserv.com) has adopted Sysdrill®, the Paradi...

Dana Petroleum welcomes strong indication of significant gas volumes in Tolmount field
Posted On Aug 14 ,2013 - 08:27-AM | by admin

Dana Petroleum welcomes the strong indication of significant volumes of gas in a field in the UK North Sea following the drilling of an appraisal well. Dana has a joint 50 per cent stake in the Tol...

CME Group Announces NYMEX Brent (BZ) Trading Volume Surpasses 100k
Posted On Aug 14 ,2013 - 08:57-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a trading volume record for its NYMEX Brent (BZ) crude oil futures contract yesterday, August 12, 20...

African Petroleum Board Restructure and ASX Listing
Posted On Aug 14 ,2013 - 08:59-AM | by admin

Further to its announcement dated 28 June 2013, African Petroleum Corporation Limited (NSX: AOQ) (“African Petroleum” or the “Company”) advises that it is continuing to proceed with seeking a ...

Technip awarded contract by NCRA for a hydrogen plant in Kansas (USA)
Posted On Aug 14 ,2013 - 08:17-AM | by admin

Technip, in consortium with its construction partner Performance Contractors Inc., was awarded a contract by the National Cooperative Refinery Association (NCRA(1)). This contract covers supply of Tec...

Technip and DOF awarded contract for four new pipelay support vessels
Posted On Aug 12 ,2013 - 08:37-AM | by admin

The joint venture formed by Technip (50%) and DOF (50%) was awarded by Petróleo Brasileiro S.A. (Petrobras) eight contracts. These contracts cover the construction of four new pipelay support vessels...

Petrobras reports Net Income of R$ 6,201 million
Posted On Aug 11 ,2013 - 08:38-PM | by admin

Petrobras today announces its consolidated results stated in millions of Reais, prepared in accordance with International Financial Reporting Standards – IFRS issued by the International Accounting ...

CME Group Announces Multiple Open Interest and Volume Records in Global Crude Oil Complex
Posted On Aug 11 ,2013 - 08:38-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced multiple open interest and volume records in its crude oil complex. • Yesterday, August 8, open interes...

Anadarko Doubles Quarterly Dividend
Posted On Aug 07 ,2013 - 08:56-AM | by admin

The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common stock of 18 cents per share, a 100-percent increase from 9 cents p...

Technip awarded contract for a 500,000 tons/year LNG plant in China
Posted On Aug 07 ,2013 - 08:46-AM | by admin

Technip was awarded by Shaanxi LNG Investment & Development Co Ltd an engineering, design and procurement contract, worth approximately €35 million, for a mid-scale liquefied natural gas (LNG) plant...

MODEC Awarded FPSO contracts for TEN Project, Deepwater Tano in Ghana
Posted On Aug 06 ,2013 - 08:20-AM | by admin

MODEC, Inc.(“MODEC”) announced today that Tullow Ghana Limited (“Tullow”), a wholly owned subsidiary of Tullow Oil plc., has awarded TEN Ghana MV25 B.V., a subsidiary of MODEC, contracts for ...

TransCanada to to transport crude oil from Western Canada to Eastern Canada
Posted On Aug 05 ,2013 - 08:09-AM | by admin

TransCanada to Proceed with 1.1 Million Barrel/Day Energy East Pipeline Project to Saint John Successful Open Season Confirms Strong Support to Move Crude Oil to Eastern Canada TransCanada Corporat...

Versalis signs technological partnership for hydrocarbon resins to overhaul the Priolo plant
Posted On Aug 05 ,2013 - 08:54-AM | by admin

These new, high added-value productions, synergetic in particular with the elastomer business, will be used in specialty applications such as adhesives, inks, coatings and rubber. Versalis (Eni) h...

Dana Gas reports AED 341million Net Profit in H1 2013
Posted On Aug 05 ,2013 - 08:43-AM | by admin

Net profit of AED 341million in H1 2013; AED 100 million in Q2 2013 • Production volumes up 5% quarterly to 61,700 boepd • Cash balance is AED 792m in H1 2013; up 32% from FY 2012 • LPG produ...

Technip awarded engineering, procurement, and supply contract in Congo
Posted On Aug 05 ,2013 - 08:51-AM | by admin

Technip awarded offshore brownfield and subsea tie-backs contract for the Moho Nord project in Congo Technip was awarded by Total E&P Congo an important engineering, procurement, and supply contract ...

Chevron Reports Second Quarter Net Income of $5.4 Billion
Posted On Aug 02 ,2013 - 08:31-PM | by admin

Chevron Corporation (NYSE: CVX) today reported earnings of $5.4 billion ($2.77 per share – diluted) for the second quarter 2013, compared with $7.2 billion ($3.66 per share – diluted) in the 2012 ...

Hays Oil & Gas Global Job Index rebounds in the second quarter of 2013
Posted On Aug 02 ,2013 - 08:10-PM | by admin

The Hays Oil & Gas Global Job Index for the second quarter of 2013 showed a stable or slightly stronger oil and gas labour market around the world when compared to the beginning of the year. The I...

Two New Exploration Discoveries in Bohai
Posted On Aug 02 ,2013 - 08:14-AM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) today announced that the Company has made two new exploration discoveries Bozhong 8-4 and Kenli 10-4 in Bohai. Bozhong 8-4 is located in t...

CNOOC Signs PSC with Shell
Posted On Aug 02 ,2013 - 08:28-AM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with She...

New data show record growth in U.S. crude oil reserves and strong natural gas reserve additions in 2011
Posted On Aug 01 ,2013 - 08:15-PM | by admin

Crude oil reserves rose by 15 percent in 2011 to highest level since 1985 Natural gas reserves rose by almost 10 percent U.S. proved crude oil reserve additions in 2011 set a record volumetric i...

Apache Reports Net Income Of $1 Billion, $2.54 Earnings Per Diluted Share,
Posted On Aug 01 ,2013 - 08:37-PM | by admin

And $2.8 Billion Of Cash Flow For Second-Quarter 2013 - Achieved 42 percent year-over-year growth in North America onshore liquids - Announced agreement to sell Gulf of Mexico shelf assets for $3...

Apache reports seven discoveries across Egypt's Western Desert
Posted On Aug 01 ,2013 - 08:13-PM | by admin

Riviera SW-1X flows 5,822 barrels, 2.8 MMcf per day in Lower Bahariya test - Narmer-1X Paleozoic strat trap sets up new play - Discoveries test total 14,700 barrels, 28 MMcf per day - West Kalabsha...

Exxon Mobil Corporation Announces Estimated Second Quarter 2013 Results
Posted On Aug 01 ,2013 - 08:09-PM | by admin

SECOND QUARTER HIGHLIGHTS Earnings of $6,860 million decreased $9,050 million or 57% from the second quarter of 2012 reflecting the absence of a prior year net gain of $7.5 billion associated with di...

Neste Oil to take part in a renewable diesel demonstration project aimed at product commercialization in Germany
Posted On Aug 01 ,2013 - 08:57-PM | by admin

Neste Oil is part of a fleet demonstration program on a new blend of diesel fuel in Coburg, Germany. The aim of the program is to introduce to the market a fuel with a significantly higher proportion ...

CME Group Inc. Reports Strong Second-Quarter 2013 Financial Results
Posted On Aug 01 ,2013 - 08:39-PM | by admin

CME Group Inc. (NASDAQ: CME) today reported revenues of $816 million and operating income of $508 million for the second quarter of 2013. Net income attributable to CME Group was $311 million and dil...

Royal Dutch Shell plc second quarter 2013 results announcement
Posted On Aug 01 ,2013 - 08:24-AM | by admin

Royal Dutch Shell plc Second quarter 2013 summary of unaudited results • Royal Dutch Shell’s second quarter 2013 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $2.4 billi...

Royal Dutch Shell plc second quarter 2013 interim dividend
Posted On Aug 01 ,2013 - 08:31-AM | by admin

The Board of Royal Dutch Shell plc (“RDS”) today announced an interim dividend in respect of the second quarter of 2013 of US$0.45 per A ordinary share (“A Share”) and B ordinary share (“B S...

Petrobras’ oil and gas production in Brazil up by 4.8% in June
Posted On Aug 01 ,2013 - 08:48-AM | by admin

Petróleo Brasileiro S.A. – Petrobras, announces that the oil output (oil plus natural gas liquids - NGL) of all of Petrobras’ fields in Brazil was 1,979 thousand barrels per day (bpd), volume 4.6...

Neste Oil's Interim Report for January-June 2013
Posted On Aug 01 ,2013 - 08:22-AM | by admin

Good performance continued at Renewable Fuels. Stronger full-year guidance for the Group as a whole. Second quarter in brief: • Comparable operating profit was EUR 88 million (Q2/2012: EUR 40...

Eni announces results for the second quarter and first half of 2013
Posted On Aug 01 ,2013 - 08:33-AM | by admin

Eni, the international oil and gas company, today announces its group results for the second quarter and the first half of 2013 (unaudited). Financial Highlights1 - Adjusted operating profit: ...

Oil & gas discovery offshore Congo by Eni
Posted On Aug 01 ,2013 - 08:44-AM | by admin

The discovery was made through the well Nene’ Marine 1, which has been drilled in 24 meters of water to a depth of 3,013 meters. Eni has made an important oil and gas discovery in the Nene’ Ma...

Exxon Mobil Corporation Declares Third Quarter Dividend
Posted On Jul 31 ,2013 - 07:05-PM | by admin

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 63 cents per share on the Common Stock, payable on September 10, 2013 to shareholders of record of Common...

JKX Oil & Gas plc provide progress report on R-103 Frac in Ukraine
Posted On Jul 31 ,2013 - 07:34-PM | by admin

JKX Oil & Gas plc ("JKX") is pleased to provide details of the first three out of nine stages of the well R-103 frac which were completed successfully. An interim flow back has been performed for prel...

BP, SOCAR, Total and Fluxys join the TAP project
Posted On Jul 31 ,2013 - 07:33-PM | by admin

The Trans Adriatic Pipeline AG (TAP) today announced that BP, SOCAR and Total - members of the international consortium developing the giant Shah Deniz field in Azerbaijan - have exercised their optio...

Lundin Petroleum enters into new production sharing contract offshore Indonesia
Posted On Jul 31 ,2013 - 07:50-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary, Lundin Sareba BV, has entered into a production sharing contract (PSC) amendment with SKKMigas to substi...

Hess Reports Estimated Results for the Second Quarter of 2013
Posted On Jul 31 ,2013 - 07:43-PM | by admin

Second Quarter Highlights • Net income increased to $1,431 million from $4549 million in the second quarter of 2012 • Adjusted earnings were $520 million; adjusted EPS were $1.51 per share ...

Hess Announces Sale of Its Energy Marketing Business
Posted On Jul 31 ,2013 - 07:39-AM | by admin

Hess Corporation announced today it has entered into an agreement with Direct Energy, a North American subsidiary of Centrica plc, to sell its Energy Marketing business for a total consideration of $1...

Statoil's transaction with Wintershall on Norwegian continental shelf now completed
Posted On Jul 31 ,2013 - 07:52-AM | by admin

The agreement signed with the German oil and gas company Wintershall, which includes the divestment of Statoil's share of the Brage licences, a farm-down in Gjøa and Vega, and acquisition in the Edva...

Neste Oil adds technical corn oil to the feedstocks used for producing NExBTL renewable diesel
Posted On Jul 31 ,2013 - 07:38-AM | by admin

Neste Oil has added technical corn oil (TCO), a residue generated during ethanol production, to the range of inputs it uses to produce NExBTL renewable diesel. This nonfood input further extends the n...

Tullow Oil plc announces 2013 Half-yearly results
Posted On Jul 31 ,2013 - 07:50-AM | by admin

Major exploration success continues in Kenya with Etuko-1 discovery - Kenya basin volumes exceed threshold for development - Core business performing well with production up 14%, revenue up 15% and ...

New mooring chains for Dana Petroleum’s Triton oil production vessel ensure safe operations into next decade
Posted On Jul 31 ,2013 - 07:24-AM | by admin

Dana Petroleum has replaced all nine mooring chains on its oil production vessel Triton – under budget and ahead of schedule. The project was commissioned to maintain the safety of Dana’s offshor...

OPEC Annual Statistical Bulletin 2013
Posted On Jul 30 ,2013 - 07:42-PM | by admin

The OPEC Secretariat has released the online edition of its 2013 Annual Statistical Bulletin (ASB). The bulletin provides detailed time-series data on many different aspects of the global petroleu...

Anadarko Announces Second-Quarter 2013 Results
Posted On Jul 30 ,2013 - 07:46-AM | by admin

Full-Year Sales-Volumes Guidance Increased by 1 Million BOE Anadarko Petroleum Corporation (NYSE: APC) today announced second-quarter 2013 net income attributable to common stockholders of $929 mil...

Offshore Mahdia Exploration Concession
Posted On Jul 29 ,2013 - 07:41-PM | by admin

Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, is pleased to announce the following update regarding its operations in Tunisia. Circle Oil...

New Guinea Energy to sell interest in PPL 269 for US$40 million (AUD$43.7M)
Posted On Jul 29 ,2013 - 07:17-PM | by admin

New Guinea Energy Limited (NGE / Company) is pleased to announce that its wholly owned subsidiary, Kirkland Limited (Kirkland) has signed an agreement with Esso PNG Robin Limited (Esso), a subsidiary ...

New well spudded in Russia
Posted On Jul 29 ,2013 - 07:52-AM | by admin

Shelton Petroleum AB has spudded a fourth well on the Rustamovskoye field in Russia by exercising the option included in the drilling contract of well RS#11. As previously announced, RS#11 shows good ...

Repsol posts net income of 1.054 billion euros
Posted On Jul 29 ,2013 - 07:32-AM | by admin

Net income during the first half of 2013 rose 2.6% to 1.054 billion euros. The increase is especially significant as the year-earlier period included earnings from YPF. Hydrocarbons output increased ...

Extended Kazakhstan Drilling Programme by Tethys Petroleum
Posted On Jul 29 ,2013 - 07:44-AM | by admin

Tethys Petroleum Limited ("Tethys" or "the Company" (TSX:TPL)(LSE:TPL)), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced an update on...

Technip awarded subsea contract by Chevron North Sea
Posted On Jul 29 ,2013 - 07:27-AM | by admin

Technip was awarded by Chevron North Sea Ltd a substantial(1) engineering, procurement, installation and construction (EPIC) contract for the Alder field. Chevron is developing the Alder field as a su...

Total announces its interim dividend for the second quarter 2013
Posted On Jul 26 ,2013 - 07:14-PM | by admin

The Board of Directors of Total approved a second quarter 2013 interim dividend of 0.59 euros per share, unchanged versus the previous quarter, and payable in euros according to the following timetabl...

Technip awarded two flexible pipe supply contracts for the Egina field in Nigeria
Posted On Jul 26 ,2013 - 07:23-AM | by admin

Technip was awarded two contracts, worth a substantial(1) total value, to supply flexible pipes for the Egina field operated by Total Upstream Nigeria Ltd, offshore Nigeria. These contracts cover...

World energy use to rise by 56 percent, driven by growth in the developing world
Posted On Jul 25 ,2013 - 07:41-PM | by admin

Over the next three decades, world energy consumption is projected to increase by 56 percent, driven by growth in the developing world, according to International Energy Outlook 2013 (IEO2013), releas...

Noble Energy Announces Second Quarter 2013 Results
Posted On Jul 25 ,2013 - 07:31-PM | by admin

Noble Energy, Inc. (NYSE:NBL) announced today second quarter 2013 net income of $377 million, or $1.04 per diluted share, and income from continuing operations(1) of $358 million, or $0.99 per diluted...

Technip SA reports a 19 percent increase in second-quarter profit
Posted On Jul 25 ,2013 - 07:43-AM | by admin

Technip SA maintained its full-year earnings growth targets after it reported a 19 percent year-on-year rise in quarterly net income to 162.4 million euros ($215 million) and an operating margin of 10...

Petrobras completes drilling and test of fourth well in Iara, at Santos Basin pre-salt
Posted On Jul 25 ,2013 - 07:47-AM | by admin

Petrobras announces it has completed the drilling and formation test of the fourth exploratory well at Iara area, block BM-S-11, in the Santos Basin pre-salt. The results of this well 3-RJS-706 (3-...

Statoils 2013 second quarter results
Posted On Jul 25 ,2013 - 07:08-AM | by admin

Statoils (OSE:STL, NYSE:STO) second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. "Statoil delivered an operationally solid quarter. We produced...

Orange and Total have signed a partnership to distribute Orange Money at TOTAL service stations in Africa and the Middle-East
Posted On Jul 24 ,2013 - 07:38-PM | by admin

Orange and Total have signed a partnership giving Orange customers access to Orange Money services at all TOTAL service stations in African and Middle-Eastern countries where the two groups are presen...

Niger Delta Exploration & Production Plc (NDEP) Announces the Appointment Of Two New Executive Positions
Posted On Jul 24 ,2013 - 07:11-PM | by admin

Niger Delta Exploration & Production Plc (NDEP) is pleased to announce a re-composition of its Board of Directors. This is coming immediately, following the recent retirements of two Pioneer Directors...

Steuer Nederland awarded contract to supply Bulk Stainless Steel Pipes
Posted On Jul 23 ,2013 - 07:13-PM | by admin

Steuer Nederland is proud to announce that they have been awarded the contract with SBM Offshore & PETROBRAS on 4th June 2013 for the two FPSO’s Cidade de Maricá and Cidade de Saquarema. Both FPSO...

ABB wins $100 million oil and gas order in Algeria
Posted On Jul 23 ,2013 - 07:45-AM | by admin

EPC contract for a new liquefied petroleum gas pumping station ABB, the leading power and automation technology group, has been awarded the engineering, procurement and construction (EPC) contract...

Neste Oil to publish its second quarter results on 1 August 2013
Posted On Jul 23 ,2013 - 07:43-AM | by admin

Neste Oil will publish its second quarter 2013 results on Thursday, 1 August 2013 at approximately 9 a.m. (EET). The release will be available on the Neste Oil website immediately after publishing. ...

Tullow Oil plc gives drilling update on Mozambique and French Guiana wells
Posted On Jul 23 ,2013 - 07:41-AM | by admin

Tullow Oil plc (Tullow) gives the following update on exploration wells in Mozambique and French Guiana. Mozambique The Cachalote-1 exploration well in Area 2 offshore Mozambique has discovered...

Africa Oil Week celebrates 20th Anniversary
Posted On Jul 22 ,2013 - 07:57-PM | by admin

World’s leading Conference, attended by 1250 delegates from Six Continents The 20th Africa Oil Week (http://www.petro21.com), the world’s longest standing and leading meeting for Africa’s oil...

Shell to boost deepwater production in Brazil
Posted On Jul 22 ,2013 - 07:05-AM | by admin

Decision to move forward with two projects at existing developments enhances offshore portfolio. Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque d...

Rocking with Neste Oil's NExBTL renewable diesel at Down By The Laituri Festival
Posted On Jul 22 ,2013 - 07:06-AM | by admin

Neste Oil's NExBTL renewable diesel, produced from 100% renewable inputs, will be used to generate the electrical power used at the Down By The Laituri Festival in Turku, Finland between July 24 and 2...

Dana Gas and Crescent Petroleum Restore full LPG Capacity in Kurdistan
Posted On Jul 22 ,2013 - 07:46-AM | by admin

LPG Production capacity of 900 tonnes per day • Total 88 million barrels oil equivalent of gas and liquids produced in Project since Oct 2008 • Investment by the Partners is the Largest in Kurd...

Major Milestone completed on the Orca Project by RWE Dea UK
Posted On Jul 22 ,2013 - 07:16-AM | by admin

The project partnership operated by GDF SUEZ E&P Nederland B.V., of which RWE Dea UK is part, completed the installation of the platform to develop the Orca gas field in the Southern North Sea. The fi...

Dana Petroleum’s Triton production vessel reaches 200 millionth barrel milestone
Posted On Jul 19 ,2013 - 07:31-PM | by admin

Dana Petroleum’s oil production vessel Triton has marked a major milestone by successfully extracting its 200 millionth barrel from the North Sea. Triton is a floating, production, storage and o...

Eni CEO meets Algerian Minister of Energy
Posted On Jul 19 ,2013 - 07:09-AM | by admin

Discussion of new initiatives in the offshore and onshore industry in the country and future shale gas developments in cooperation with Sonatrach. The Algerian Minister of Energy and Mines, Youcef...

Keeping Things Running: The Evolution of Plant Maintenance
Posted On Jul 18 ,2013 - 07:29-AM | by admin

International companies are opening manufacturing, production plants and factories in Brazil. Nissan has opened one of its largest outfits in Brazil and General Electric Co. (GE), the biggest maker of...

Shell to shut in Auger platform to complete tie-in at Cardamom field
Posted On Jul 17 ,2013 - 07:09-PM | by admin

With the latest seismic and drilling technologies, the Cardamom development is expected to deliver new production from the deep waters of the Gulf of Mexico to existing infrastructure. Nearly two d...

Statement at the Conclusion of an IMF Mission to Sudan
Posted On Jul 17 ,2013 - 07:26-PM | by admin

An International Monetary Fund (IMF) mission, led by Mr. Edward Gemayel, visited Khartoum during July 2-16, to conduct the 2013 Article IV Consultation. The mission met with Minister of Finance and Na...

Dragon Oil plc issues Trading Statement
Posted On Jul 17 ,2013 - 07:41-AM | by admin

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, production and development company, today issues the following trading statement, which includes an operational update and finan...

BP and CNOOC Sign Agreement for Third Deepwater Block In The South China Sea
Posted On Jul 17 ,2013 - 07:41-AM | by admin

BP and CNOOC signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin, South China Sea. The block covers 4,586 square kilometres in water depths from 370 to 2,300...

BP Expands Brazilian Upstream Presence, Farming-in to Five Concessions in Potiguar Basin
Posted On Jul 17 ,2013 - 07:58-AM | by admin

BP announced that it has completed a deal with Petróleo Brasileiro S.A. (Petrobras) to farm-in to five deepwater exploration and production concessions operated by Petrobras in the Potiguar Basin loc...

Chevron, Argentina's YPF Sign Accord to Develop Vaca Muerta Shale
Posted On Jul 17 ,2013 - 07:08-AM | by admin

Enables development of world-class resource in highly prospective shale basin A subsidiary of Chevron Corporation (NYSE: CVX) today signed an agreement with affiliates of the Argentine oil company...

Dana Gas Achieves Record 2013 production in Egypt
Posted On Jul 17 ,2013 - 07:46-AM | by admin

Peak Production of 39,000 boepd, an increase of 13% over 2012 • Dana Gas Egypt operations and production remains unaffected • Total investments in Egypt exceeds US$1.8 billion • Ongoing disc...

Aker Solutions wins mooring system contract for accommodation unit
Posted On Jul 17 ,2013 - 07:13-AM | by admin

Aker Solutions has won a contract to supply a complete Pusnes wire mooring system for a cylindrical-shaped accommodation unit being built at Cosco Nantong Shipyard in China. The equipment includes ...

Afam VI Power Plant shut down as crude theft leaks on TNP disrupt gas supply
Posted On Jul 17 ,2013 - 07:55-AM | by admin

The Shell Petroleum Development Company (SPDC) Joint Venture today (16 July) shut down Afam VI Power Plant due to shortage of gas arising from the closure of the Trans Niger Pipeline (TNP) as a result...

Intelligent Supply Chain Architecture critical to successful business operations
Posted On Jul 16 ,2013 - 07:49-PM | by admin

Latin America witnessing an exponential growth in its consumer market with its integrated economies projected to grow around 4.5% in 2013. The need for constant expansion, increased product avail...

Aker Solutions acquires UK engineering company I.D.E.A.S
Posted On Jul 16 ,2013 - 07:07-PM | by admin

Aker Solutions has acquired UK specialist engineering company International Design Engineering And Services Ltd (I.D.E.A.S) to boost its asset integrity management services. Glasgow, Scotland-based I...

1st International Congress on Shale Exploration in India
Posted On Jul 16 ,2013 - 07:19-AM | by admin

India will soon unveil a Shale Gas Exploration Policy as it looks to exploit unconventional hydrocarbon resource to meet its growing energy needs. The policy, based on which the government will launch...

Eni signs amendment to the Zubair oil field Technical Service Contract in Iraq
Posted On Jul 15 ,2013 - 07:45-PM | by admin

The Amendment sets a new production target of 850,000 barrels of oil per day and extends the duration of the Technical Service Contract for an additional five years, until 2035 Today in Baghdad En...

SPDC to rehabilitate 45,000-barrel per day Ogbotobo Flowstation in Western Niger Delta
Posted On Jul 15 ,2013 - 07:19-AM | by admin

The Shell Petroleum Development Company of Nigeria (SPDC) operated Joint Venture has taken a key step towards rehabilitating the Ogbotobo Flowstation in Western Niger Delta through the award of a cont...

Next-Generation LNG Carriers
Posted On Jul 15 ,2013 - 07:24-AM | by admin

GE Power Conversion to Deliver Next-Generation LNG Carriers to China GE Will Equip Six of the First Electrically Propelled Large LNG Carriers Built in China ■ GE Continues to Invest and Expand I...

IMF Executive Board Concludes 2013 Article IV Consultation with Saudi Arabia
Posted On Jul 13 ,2013 - 07:42-PM | by admin

On July 08, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Saudi Arabia. [1] Saudi Arabia has been one of the best performing G-20 ec...

New Quatreus tool aims to maximise Offshore Europe lead capture
Posted On Jul 11 ,2013 - 07:41-PM | by admin

Events specialist Quatreus has launched a web-based tool for maximising the value of leads generated at major events like Offshore Europe. The qbit tool is specifically designed for lead capture o...

Eni launches "Flexible access to European gas", a new offer for the Italian gas market
Posted On Jul 11 ,2013 - 07:05-PM | by admin

The new solution represents an important contribution to the development of market liquidity in the country Eni, within the Anigas annual meeting, announced the launch of a new offering for natio...

Iraqi Government & industry gather to drive oilfield optimisation in Iraq
Posted On Jul 10 ,2013 - 07:33-PM | by admin

Under the patronage of HH Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, the fourth Iraq Mega Projects Conference and Exhibition, organised by the CWC Group and supported by the Iraqi Government, wi...

Statement on OMV’s production in Libya
Posted On Jul 10 ,2013 - 07:12-AM | by admin

Due to the current political situation in Libya, most of OMV’ s production in the country has been shut-in since June 25, 2013. In 2012, Libya contributed approximately 30,000 boe/d to OMV’s total...

Eco Atlantic Granted Extension on Its Sharon & Guy Licenses Offshore Namibia
Posted On Jul 10 ,2013 - 07:09-AM | by admin

ECO (ATLANTIC) OIL AND GAS LTD. (TSX-V: EOG, NSX: EOG) Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic” or the “Company”) is pleased to announce that the Government of Namibia Ministry of Mines a...

Gazprom and Bulgaria show interest in building South Stream as soon as possible
Posted On Jul 10 ,2013 - 07:23-AM | by admin

Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation paid a visit today to the Republic of Bulgaria. Working meetings of Alexey Miller with Plamen Oreshar...

Project for the renovation and recovery of the Gela refinery
Posted On Jul 10 ,2013 - 07:53-AM | by admin

Eni believes in creating a competitive advantage through technological innovation and research. The recovery project will turn the Gela refinery into a technological hub. Eni has met today with Na...

Aker Solutions to deliver drilling equipment package for a new rig in Azerbaijan
Posted On Jul 10 ,2013 - 07:43-AM | by admin

Aker Solutions won a contract from Caspian Drilling Company Ltd (CDC) to provide a complete topside equipment package for a new semi-submersible drilling rig in Baku, Azerbaijan. The parties agreed...

SPDC JV debunks false claims on TNP oil spill and fire
Posted On Jul 09 ,2013 - 07:42-PM | by admin

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture has restated its determination to continue to operate safely and in an environmentally friendly manner, even as it ...

EIA provides new website tool to keep users informed during hurricane season
Posted On Jul 09 ,2013 - 07:26-PM | by admin

With peak hurricane season approaching, the U.S. Energy Information Administration (EIA) is introducing interactive maps that combine real-time data feeds from the National Hurricane Center with more ...

ABB wins $27 million offshore automation contract
Posted On Jul 09 ,2013 - 07:02-PM | by admin

Safety and automation systems from ABB will contribute to the efficient and safe operation of Statoil’s Heimdal platform ABB, the leading power and automation technology group, has won an order ...

Dana Gas Announces New Chief Executive Officer
Posted On Jul 09 ,2013 - 07:17-PM | by admin

Patrick Allman-Ward has over 30 years’ industry experience with Shell • Currently General Manager Dana Gas Egypt where he has achieved success • Will take over as Group CEO on 1st September ...

Rosneft Starts Field Seismic Prospecting and Environment Studies with its Partner Eni in the Barents Sea
Posted On Jul 09 ,2013 - 07:05-AM | by admin

Rosneft started field seismic operations at Fedynsky and Central Barents license areas, explored by Rosneft jointly with the project partner Eni, the major Italian oil company. 2D seismic survey is...

Maritime Security - A Major focus for the Oil and Gas Sector
Posted On Jul 09 ,2013 - 07:46-AM | by admin

Middle East Energy Security Forum (MEESEC) 2013 will highlight the importance of maritime security within the oil and gas sector with a major theme of the forum dedicated to this essential aspect of s...

Ben van Beurden to be next Chief Executive Officer of Royal Dutch Shell plc
Posted On Jul 09 ,2013 - 07:54-AM | by admin

The Board of Royal Dutch Shell plc today announced that Ben van Beurden will succeed Peter Voser as Chief Executive Officer, effective 1 January 2014. Peter Voser will leave Shell at the end of Mar...

Eni and Rosneft start seismic operations in the Russian offshore Barents Sea
Posted On Jul 08 ,2013 - 07:39-PM | by admin

The project is part of the wider cooperation between Eni and Rosneft sanctioned under the Strategic Cooperation Agreement entered into by the parties on 25th April 2012. Eni and Rosneft started se...

African Petroleum’s July 2013 Corporate Presentation
Posted On Jul 08 ,2013 - 07:52-PM | by admin

One of the largest net acreage holders in offshore West African Transform Margin (“WATM”) • Operatorship and high working interest in all Blocks (60% - 100%) • Diversified geologically, poli...

Tower Resources announce Namibian Update
Posted On Jul 08 ,2013 - 07:25-AM | by admin

Giant potential Welwitschia-1 well to spud mid–February 2014 and Operational Update Tower Resources plc ("Tower" or the "Company"), (TRP.L, TRP LN), the AIM listed Africa focused oil and gas ex...

CNOOC Signs PSC with PetroBroad Copower
Posted On Jul 08 ,2013 - 07:42-AM | by admin

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with Pet...

June fleet update
Posted On Jul 08 ,2013 - 07:08-AM | by admin

Songa Trym achieved an operating efficiency of 100% during the month continuing working for Statoil in Norway. Both Songa Dee and Songa Delta achieved an operating efficiency of 99% during the month ...

Eni CEO Paolo Scaroni meets President of Togo Faure Essozimna Gnassingbe
Posted On Jul 06 ,2013 - 07:07-PM | by admin

During the meeting, which was cordial and constructive, Paolo Scaroni and FaureEssozimna Gnassingbé assess jointly the progress of ongoing projects. The President of Togo Faure Essozimna Gnassing...

Geothermal development in East Africa boosted by the AfDB
Posted On Jul 06 ,2013 - 07:27-PM | by admin

ADF and SEFA provide USD 7.5 million to support geothermal potential in Djibouti TUNIS, Tunisia, July 5, 2013/ -- A new project supported by the African Development Group (AfDB) (http://www.afdb.o...

Iraqi Oil Ministry stated
Posted On Jul 05 ,2013 - 07:51-PM | by admin

“Prime Minister Nuri al-Maliki discussed, with the head of Lukoil, on ways to boost oil investments in the country.” ...

Lukoil commissions new gas-turbine
Posted On Jul 05 ,2013 - 07:19-PM | by admin

LUKOIL has commissioned a combined-cycle gas-turbine unit (CCGT) with a capacity of 120 MW, a new component of the CCGT complex with an overall capacity of 235 MW, now being constructed in Astrakhan u...

Schlumberger Opens Reservoir Laboratory in China
Posted On Jul 05 ,2013 - 07:17-PM | by admin

New facility offers rock analysis services to support expanding exploration activity in unconventional shale plays Schlumberger announced today the official opening of the Schlumberger Reservoir La...

Eni has been acquitted in the investigation into the "Measure gas" proceedings by the Court of the Third Instance
Posted On Jul 05 ,2013 - 07:51-AM | by admin

The Court confirms that an offence was not committed Eni informs that the Court of the Third Instance definitively confirmed the judgment of "no case to answer", issued on 28 June 2012 by the GUP ...

Saudi Aramco and AOC combine for EAGE 2013
Posted On Jul 04 ,2013 - 07:54-PM | by admin

Senior leaders from across the industry headed numerous debates centered on the future of energy at the 75th European Association of Geoscientists and Engineers (EAGE) Exhibition, held at London’s E...

Oil export solution on the Utsira High
Posted On Jul 04 ,2013 - 07:12-AM | by admin

Statoil and its partners have made the investment decision for a joint oil export solution for the Edvard Grieg and Ivar Aasen fields. The oil will be transported via a 43-kilometre oil pipeline ...

Technip awarded umbilical supply contract for the Egina field in Nigeria
Posted On Jul 04 ,2013 - 07:35-AM | by admin

Technip announces that its wholly-owned subsidiary DUCO Ltd was awarded an important contract(1) by Total Upstream Nigeria Ltd to supply umbilicals(2) to the Egina field offshore Nigeria. This field i...

Aker Solutions signs contract with Repsol Sinopec Brazil
Posted On Jul 04 ,2013 - 07:21-AM | by admin

Aker Solutions' subsidiary Managed Pressure Operations will deliver managed pressure drilling (MPD) systems and riser gas handling services to Repsol Sinopec Brazil. The parties agreed not to disclose...

SPDC raises alarm over rising crude oil theft spills in Adibawa field
Posted On Jul 03 ,2013 - 07:48-PM | by admin

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture recorded eight crude oil theft and sabotage related spill incidents in Adibawa field in Eastern Niger Delta between...

Petrobras announces oil and natural gas production in May
Posted On Jul 03 ,2013 - 07:40-PM | by admin

Pre-salt fields achieved new daily record Petrobras announces that achieved on last May 18, a new pre-salt production record with 322,100 barrels of oil per day (bpd). This volume surpassed the pr...

New oil discovery at Etuko-1; Sabisa-1 sidetrack establishes oil prone system
Posted On Jul 03 ,2013 - 07:15-PM | by admin

Significant upgrade to Ngamia and Twiga-South oil resources Government approval of TEN project; contract awards under way Tullow Oil plc (Tullow) issues an Operational Update summarising key act...

Aker Solutions to deliver drilling equipment package for Mariner platform
Posted On Jul 03 ,2013 - 07:03-PM | by admin

Aker Solutions won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to deliver a drilling equipment package for the production platform at the Mariner oilfield in the UK North Sea. ...

CME Group Volume Averaged 16.9 Million Contracts per Day in June 2013, Up 29 Percent from June 2012
Posted On Jul 02 ,2013 - 07:30-AM | by admin

Interest rate average daily volume up 70 percent in June - Record metals average daily volume up 27 percent in second quarter - Record foreign exchange average daily volume up 13 percent in second q...

Fixed rate bond offering by Eni
Posted On Jul 02 ,2013 - 07:00-AM | by admin

The transaction will be launched subject to market conditions and the offering is restricted to institutional investors only. Eni has mandated Banco Santander, S.A., BNP Paribas, J.P. Morgan Secur...

Heritage Oil Announces Long-Term Debt Refinancing for Nigeria
Posted On Jul 02 ,2013 - 07:34-AM | by admin

Heritage Oil Plc ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, is pleased to announce that Shoreline Natural Resources Limited ("Shorel...

Gazprom shows highest five-year net profit growth among major oil and gas companies
Posted On Jul 02 ,2013 - 07:17-AM | by admin

On the threshold of Gazprom's annual General Shareholders Meeting the Company's headquarters hosted today the Press Conference “Gazprom's Financial and Economic Policy”. Taking part in the Press C...

Heirs Holdings Commits USD2.5 Billion to Obama’s Power Africa Initiative
Posted On Jul 01 ,2013 - 07:51-AM | by admin

African investment group is the single largest investor to US-led pan-African power initiative

Eni reorganizes its Gas & Power segment
Posted On Jul 01 ,2013 - 07:53-AM | by admin

The Business Unit Downstream Gas & Power will be responsible for the development in Italy and abroad of commercial retail and mid gas & power as well as the generation of electricity power. Follow...

Seadrill and SapuraKencana announce US$2.7 billion Petrobras contract
Posted On Jul 01 ,2013 - 07:11-AM | by admin

Seadrill Limited ("Seadrill") and SapuraKencana Petroleum Berhad ("SapuraKencana") today announce that their jointly owned entity, Sapura Navegação Marítima S.A., Brazil ("SNM") has been awarded a ...

Technip awarded contract for two hydrogen reformers in Venezuela
Posted On Jul 01 ,2013 - 07:48-AM | by admin

Technip was awarded by the Hyundai-Wison consortium(1) a significant(2) contract to supply its proprietary technology as well as engineering and procurement services for two hydrogen reformers in Vene...

Statoil takes over operatorship in Eagle Ford
Posted On Jul 01 ,2013 - 07:13-AM | by admin

Statoil announced today that the company as of 1 July has assumed operatorship for all activities in the eastern part of its Eagle Ford asset in Texas. The Statoil-operated activities fall mainly with...

Aker Solutions wins its largest UK subsea contract
Posted On Jul 01 ,2013 - 07:57-AM | by admin

Aker Solutions has won a contract worth up to USD 440 million (approximately NOK 2.7 billion) to deliver the subsea production system for an oil field development in the UK North Sea. The delivery in...

On Britain mining of shale gas
Posted On Jun 30 ,2013 - 06:14-PM | by admin

‘The gas volumes in the survey are astounding: this is a natural bonanza which we must grasp. ‘Rather than be persuaded by scare tactics, we need to look at the facts. ‘Do we really wa...

Gazprom’s new Board of Directors elects Chairman and Deputy Chairman
Posted On Jun 30 ,2013 - 06:48-PM | by admin

At the annual General Shareholders Meeting of Gazprom was followed by a meeting of the Company's newly elected Board of Directors.

Dana Gas Makes New Gas Discovery in Egypt
Posted On Jun 30 ,2013 - 06:16-PM | by admin

Begonia-1 well successfully tested at 9.4 mmscfd • Will add over 1,600 boepd to Dana Gas Egypt’s production potential • Notification of commercialization plans submitted to the Government •...

Subsea 7 S.A. provide update on Guará-Lula NE project offshore Brazil
Posted On Jun 30 ,2013 - 06:37-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC, the Company) today announced an increase in the estimated full-life project loss on the Guará-Lula NE project, offshore Brazil. As a result, the Company no longer exp...

Honeywell’s UOP Technology Selected By Petrobras For Offshore Natural Gas Processing In Brazil
Posted On Jun 30 ,2013 - 06:06-PM | by admin

UOP Separex™ process technology to clean natural gas aboard four new Floating Production, Storage and Offloading (FPSO) vessels operated by Petrobras UOP LLC, a Honeywell (NYSE: HON) company, ...

UK Energy minister On Shale gas
Posted On Jun 28 ,2013 - 06:51-PM | by admin

UK Energy minister Michael Fallon said ‘Today is the day that Britain gets serious about shale. ‘It has the potential to contribute to our energy security, increase investment, to create tax reve...

Nigeria back to the Stone Age
Posted On Jun 28 ,2013 - 06:20-AM | by admin

An economic analyst in Abuja told SaharaReporters, “By the end of Mr. Jonathan's tenure, Ms. Iweala would have borrowed Nigeria back to the Stone Age,” referring to the period Nigeria racked up lo...

Statoil ASA Gas discovery in Nunatak
Posted On Jun 28 ,2013 - 06:02-AM | by admin

Statoil ASA has together with its partners Eni Norge AS and Petoro AS made a small gas discovery in the Nunatak prospect in PL532 in the Barents Sea. Well 7220/5-2, drilled by the rig West Hercul...

Changes to African Petroleum Board announced
Posted On Jun 28 ,2013 - 06:47-AM | by admin

The Board of African Petroleum Corporation Limited (NSX: AOQ) (“African Petroleum” or the “Company”) is pleased to announce that Dr David King will be joining the Board of African Petroleum as...

Eni Award 2013
Posted On Jun 27 ,2013 - 06:21-PM | by admin

The award ceremony for the Eni Award 2013 will be held today at the Quirinale, and attended by the President of the Republic, Giorgio Napolitano, the Chairman of Eni, Giuseppe Recchi and the CEO of En...

AfDB’s Kaberuka heads to Tanzania: energy in focus
Posted On Jun 27 ,2013 - 06:19-PM | by admin

The visit by US President Barack Obama will partly focus on reliable, affordable, and sustainable power in Africa African Development Bank (AfDB) (http://www.afdb.org) President Donald Kaberuka wil...

IMF Executive Board Concludes 2013 Article IV Consultation with Brunei Darussalam
Posted On Jun 26 ,2013 - 06:54-PM | by admin

On April 18, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Brunei Darussalam and considered and endorsed the staff appraisal without...

Investigation underway into fire on Trans Niger Pipeline (TNP)
Posted On Jun 26 ,2013 - 06:16-PM | by admin

A joint team is due to conduct an investigation tomorrow into the cause of the June 19 explosion and fire on the 28” Trans Niger Pipeline (TNP), after SPDC shut the facility resulting in a deferment...

Saipem awarded new E&C Offshore contract in Nigeria worth $3 billion
Posted On Jun 26 ,2013 - 06:09-AM | by admin

Saipem has been awarded the contract for the subsea development of the Egina field, in Nigeria, in a water depth up to 1,700 metres. The project was included in the new contract awards announced i...

CME Group Announces NYMEX Brent (BZ) Trading Volume Surpasses 65,000
Posted On Jun 26 ,2013 - 06:44-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a trading volume record for its NYMEX Brent (BZ) crude oil futures contract yesterday, June 24, 2013...

Neste Jacobs awarded contract by Borouge for Tier 1 Engineering, Project Management and Consultancy Services
Posted On Jun 26 ,2013 - 06:35-AM | by admin

Technology, engineering and project management company Neste Jacobs and Abu Dhabi based Borouge have signed a long-term contract where Neste Jacobs provides Engineering, Project Management and Consult...

Technip awarded subsea contract for the Snøhvit CO2 project in Norway
Posted On Jun 26 ,2013 - 06:31-AM | by admin

Technip was awarded by Statoil ASA an important(1) lump sum contract for pipelay and subsea installations for the Snøhvit CO2 Solution project. The Snøhvit field is located approximately 140 kilomet...

Significant oil discovery offshore Nigeria
Posted On Jun 26 ,2013 - 06:01-AM | by admin

Afren plc (“Afren” or the “Company”) announces that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on th...

Total launches EGINA development on OML 130 in Nigeria
Posted On Jun 25 ,2013 - 06:41-PM | by admin

Total announces that its subsidiary Total Upstream Nigeria Limited (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corpo...

CNPC and Russian oil and gas giants conclude agreements
Posted On Jun 25 ,2013 - 06:55-PM | by admin

On June 21, at the energy roundtable during the 17th St. Petersburg International Economic Forum attended by Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli, CNPC Chairman Zhou J...

Air BP and Grupa Lotos Sign Aviation Agreement
Posted On Jun 25 ,2013 - 06:51-PM | by admin

Today Air BP, the aviation fuel services division of BP, has signed an agreement with Grupa Lotos to form a new joint venture to manage the supply, logistics and marketing of aviation fuel in Poland. ...

Alaska South Central LNG Project
Posted On Jun 25 ,2013 - 06:56-PM | by admin

ExxonMobil, BP, ConocoPhillips and TransCanada have begun summer field work as part of their activities associated with a staged pre-FEED (front end engineering design) for the Alaska South Central LN...

Rosneft and ExxonMobil Advance Strategic Cooperation
Posted On Jun 25 ,2013 - 06:48-PM | by admin

Completed formation of joint ventures framework for Kara Sea and Black Sea projects •Finalized agreements on seven Arctic license areas in the Chukchi, Laptev and Kara seas •Establishing found...

Dana Petroleum plc 2012 Annual Results
Posted On Jun 25 ,2013 - 06:26-AM | by admin

Dana Petroleum has announced solid results for 2012 as it continues to invest in long-term production growth. Financial Highlights 2012 Investing in £1 billion Western Isles project in UK North S...

NNPC/NPDC Restates Commitment to Efficient Management of Acquired Assets
Posted On Jun 25 ,2013 - 06:11-AM | by admin

The Nigerian National Petroleum Corporation, NNPC, and its subsidiary the Nigerian Petroleum Development Company, NPDC, have expressed their readiness to professionally and efficiently run some of the...

2nd Annual Gas Asia Summit
Posted On Jun 25 ,2013 - 06:47-AM | by admin

Creating Integrated and Sustainable Gas Markets to Fuel Asia The 2nd Annual Gas Asia Summit will address the challenges and opportunities for Asia to create its own integrated and sustainable gas ma...

Aker Solutions wins contract in Malaysia
Posted On Jun 25 ,2013 - 06:03-AM | by admin

Aker Solutions has signed an agreement with Murphy Sarawak Oil Co. to deliver as many as 24 sets of splitter wellhead systems. The contract, which includes deliveries of ancillary equipment and ser...

IMF Executive Board Completes Sixth Review Under Policy Support Instrument for Mozambique
Posted On Jun 25 ,2013 - 06:18-AM | by admin

Approves a New Three-Year PSI The Executive Board of the International Monetary Fund (IMF) today completed the sixth and final review under Mozambique’s Policy Support Instrument (PSI) and approved...

Aker Solutions and Statoil cancel Cat B contract
Posted On Jun 25 ,2013 - 06:22-AM | by admin

Aker Solutions ASA and Statoil ASA have cancelled a contract for delivery of a semi-submersible rig capable of year-round well-intervention services on the Norwegian continental shelf. The companie...

Statoil and Aker Solutions have agreed to cancel the contract for category B rig hire
Posted On Jun 25 ,2013 - 06:23-AM | by admin

The contract for Cat B services was signed in April 2012, since which time supplier Aker Solutions, supported by Statoil, has worked to define and solve the technical challenges posed by the rig's sub...

Technip awarded a services contract for a new petrochemical plant in China
Posted On Jun 21 ,2013 - 06:16-AM | by admin

Technip was awarded a services contract by BP Zhuhai Chemical Company Limited, a joint venture between BP and Zhuhai Port Co. Ltd, for the execution of a new world-scale Purified Terephthalic Acid (PT...

Heritage Provides an Operational Update
Posted On Jun 20 ,2013 - 06:17-PM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, provides an operational update to accompany its Annual General Meeting, taking place at 3:00 pm (BST) ...

Tap Oil announces Starfish-1 well commences in Ghana
Posted On Jun 20 ,2013 - 06:44-PM | by admin

Tap Oil Limited (ASX:TAP) is pleased to advise that at 0820 hours Perth time on 19 June 2013, the Stena DrillMAX, Dual Derrick Drillship commenced drilling the Starfish-1 oil exploration well in the O...

GE Oil & Gas Awarded $147 Million Contract to Support Statoil’s Snøhvit Field Carbon Dioxide Injection Project
Posted On Jun 20 ,2013 - 06:44-PM | by admin

GE Subsea Technology to Secure Future CO2 Injection at the Snøhvit Gas Field in Barents Sea GE Oil & Gas Facilities in the U.K. and Norway to Deliver Complete Subsea System GE Oil & Gas (NYSE:...

BP Portrait Award 2013
Posted On Jun 20 ,2013 - 06:26-AM | by admin

Berkshire based South African artist Susanne du Toit wins £30,000 prize ON TUESDAY 18 JUNE 2013 the winner of the BP Portrait Award 2013 was announced at the National Portrait Gallery. The prestigio...

Airbus, Air France, Safran and Total team up to develop sustainable aviation biofuels in France
Posted On Jun 20 ,2013 - 06:57-AM | by admin

At the Paris Air Show 2013, Airbus, Air France, Safran and Total organized the “Joining our Energies – Biofuel Initiative France” flight to illustrate the French industry’s technical capacity ...

Aker Solutions wins equipment frame agreement for Heidrun platform
Posted On Jun 20 ,2013 - 06:24-AM | by admin

Aker Solutions has won a frame agreement from Statoil to supply, refurbish and store compensation equipment used to stabilise and control the production risers on the Heidrun platform in the North Sea...

Natural gas influences the global gas industry
Posted On Jun 20 ,2013 - 06:24-AM | by admin

Summit in Istanbul to track current developments in CNG and LNG Energy Information Administration (EIA) states that in 2009 in the USA, natural gas accounted for 76% of the residential and commerci...

New oil field discovery in Colombia
Posted On Jun 19 ,2013 - 06:52-PM | by admin

GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina (AIM: GPK), i...

Petrobras , announces letter of Intent with SINOPEC
Posted On Jun 19 ,2013 - 06:27-PM | by admin

Petrobras , announces that it has executed, on June 11, 2013, a Letter of Intent with CHINA PETROCHEMICAL CORPORATION SINOPEC (SINOPEC), for the development of joint study for the Premium 1 Refinery ...

Statoil makes another oil find offshore Newfoundland
Posted On Jun 19 ,2013 - 06:41-PM | by admin

Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect (EL 1112), located approximately 50...

Hugo Sandal appointed Managing Director of RWE Dea Norge
Posted On Jun 19 ,2013 - 06:10-AM | by admin

As of June 1st, Hugo Sandal (62) has been appointed Managing Director of RWE Dea Norge. Sandal, who also ran the company from 1995 to 2011, has for the past two years been acting as Chairman of the Bo...

Emerson Process Management Middle East and Africa reveals actions taken on safer, more secure and smarter wireless plant
Posted On Jun 19 ,2013 - 06:25-AM | by admin

In the oil and gas sector, pump and steam trap monitoring used to be a lengthy and expensive process. With wireless technologies, these issues are gone - Operators can now obtain a wealth of...

Technip awarded major flexible pipe supply contract for the pre-salt Iracema Sul field in Brazil
Posted On Jun 19 ,2013 - 06:03-AM | by admin

Technip was awarded by Petrobras a major contract(1) for the supply of flexible pipes for the Iracema Sul (former Cernambi Sul) field, located in the Santos Basin pre-salt area, Brazil at a water dept...

Total finalizes the acquisition of 33,335% interest in the Bokhtar PSC Area in Tajikistan
Posted On Jun 18 ,2013 - 06:36-PM | by admin

Total E&P Tajikistan B.V., a subsidiary of Total announces today the finalization of the acquisition of an interest in the Bokhtar PSC in Tajikistan, from Kulob Petroleum Limited, a subsidiary of Teth...

Paradigm to Showcase its Geolog Formation Evaluation Solution at SPWLA 2013
Posted On Jun 18 ,2013 - 06:39-PM | by admin

Geolog 7 drives efficiencies with powerful and informative analytics and data management. Paradigm™ (www.pdgm.com) will feature its industry-leading formation evaluation solution, Paradigm™ Geo...

BP gets Government Go-ahead for PTA Plant in Zhuhai, China
Posted On Jun 18 ,2013 - 06:34-PM | by admin

BP and its partner, Zhuhai Port Co, today received final approvals from the Chinese Government for the construction of a third purified terephthalic acid (PTA) plant, at Zhuhai, Guangdong The ‘Zhuh...

Aker Solutions delivers Åsgard template to Statoil
Posted On Jun 18 ,2013 - 06:45-AM | by admin

Aker Solutions today delivered the steel frame for the world's first subsea gas compression facility to be installed at the Statoil-operated Åsgard field. The installation, set to come on stream in 2...

Venezuela President and Minister of Petroleum meet Eni CEO
Posted On Jun 18 ,2013 - 06:17-AM | by admin

The President of Venezuela, Nicolas Maduro, the Minister of Petroleum of Venezuela, Rafael Ramirez, and the CEO of Eni, Paolo Scaroni, met today in Rome to discuss the activities and joint projects i...

Schneider Electric Pledges for Smarter Energy in Africa at the Africa Energy Forum 2013
Posted On Jun 18 ,2013 - 06:47-AM | by admin

Africa Energy Forum 2013 opens today at the Barcelona International Convention Centre (CCIB), Spain. Schneider Electric SA (Euronext: SU) (http://www.schneider-electric.com), a Global Fortune 500 ...

PetroSA's Gas-to-Liquids refinery to shut down for 37 days for routine maintenance
Posted On Jun 17 ,2013 - 06:01-PM | by admin

In an effort to improve efficiency, National Oil Company PetroSA will suspend operations at its Mossel Bay facilities for 37 days later this year for a planned statutory maintenance shutdown. Th...

PetroSA and Sasol sign cooperation agreement over Block 3A/4A
Posted On Jun 10 ,2013 - 06:15-PM | by admin

South Africa’s National Oil Company, PetroSA, has signed a Technical Cooperation Permit (TCP) agreement with Sasol to explore a block in the country’s offshore area. The TCP represents the f...

Africa Oil & Gas Awards 2013
Posted On Jun 17 ,2013 - 06:33-AM | by admin

For any Oil & Gas Company that sees themselves as award winning company which needs its excellence recognized in the industry: Apply to the Africa Oil & Gas Awards 2013 The 2013 Africa Oil & Gas A...

Chevron Confirms First Cargo from Angola LNG
Posted On Jun 17 ,2013 - 06:26-AM | by admin

First LNG project in Angola and one of the largest projects on the African continent demonstrates further commercialization of Chevron's natural gas resources Chevron Corporation's (NYSE: CVX) sub...

Joint Venture for E&P operations in the African continent
Posted On Jun 15 ,2013 - 06:47-PM | by admin

Petrobras (“Petrobras”) and Banco BTG Pactual S.A. (“BTG Pactual”), in compliance with CVM Rule 358/2002, hereby announces that today Petrobras International Braspetro B.V. (“PIBBV”), cont...

Disposal of common shares held by Petrobras in Brasil PCH S.A.
Posted On Jun 15 ,2013 - 06:19-PM | by admin

Petrobras announces it has signed with Cemig Geração e Transmissão S.A. (“Cemig GT”) a stock purchase agreement for Petrobras’ ownership interest in Brasil PCH S.A. (“Brasil PCH”), equiva...

Restructuring of Petrobras Petrochemical Portfolio
Posted On Jun 15 ,2013 - 06:03-PM | by admin

Petróleo Brasileiro S.A. – Petrobras (“Company”), in compliance with the provision in CVM Instruction No. 358, of January 3, 2002, announces that today its Board of Directors approved the restr...

Tullow receives judgment in its favour in proceedings against Heritage
Posted On Jun 14 ,2013 - 06:50-PM | by admin

Tullow Oil plc (Tullow) is pleased to announce that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and Heritage ...

Heritage Oil Plc ("Heritage" or the "Company") Judgment in Commercial Court Case
Posted On Jun 14 ,2013 - 06:25-PM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces that judgment in the English Commercial Court case brought against Heritage and its wholly o...

RWE Dea Norge awarded operatorship in new license
Posted On Jun 14 ,2013 - 06:58-AM | by admin

In the 22nd licensing round, the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge a new production license as operator. RWE Dea Licence PL721The Norwegian government announced th...

Statoil and Stadtwerke Düsseldorf conclude innovative gas-to-power contract
Posted On Jun 14 ,2013 - 06:50-AM | by admin

Statoil and Stadtwerke Düsseldorf have signed a 15-year arrangement for the supply of natural gas to Stadtwerke Düsseldorf's upcoming 600-MW gas power plant (CCGT) in Lausward/Düsseldorf, Germany. ...

Delineation of the 16/2-6 Johan Sverdrup oil discovery – 16/2-17 S and 16/2-17 B
Posted On Jun 14 ,2013 - 06:44-AM | by admin

Statoil Petroleum AS, operator of production licence 265, is about to complete drilling of appraisal wells 16/2-17 S and 16/2-17 B on the 16/2-6 Johan Sverdrup oil discovery. The discovery was prove...

Technip awarded FEED contract for a new biomass-to-liquid plant in Finland
Posted On Jun 14 ,2013 - 06:42-AM | by admin

Technip was awarded by Forest BtL Oy a contract, worth approximately €5 million, for the front-end engineering and design (FEED) of a new second generation biomass-to-liquid* (BTL) plant to be built...

Balance of power in global oil and gas industry could shift in the future – claims new report
Posted On Jun 14 ,2013 - 06:49-AM | by admin

Global oil and gas leaders believe there could be dramatic changes in the structure of relationships within the industry - according to a new report conducted by Robert Gordon University and sponsored...

Eni awarded new exploration licenses in the Barents Sea
Posted On Jun 12 ,2013 - 06:13-PM | by admin

This success in the Norwegian upstream confirms Eni's commitment to a region with a high potential for exploration where Eni has recently announced the important oil discoveries of Skrugard (2011) and...

Noble Energy Announces Its Second Quarter 2013 Results Webcast and Conference Call
Posted On Jun 12 ,2013 - 06:28-PM | by admin

Noble Energy, Inc. (NYSE: NBL) will host its second quarter 2013 results webcast and conference call at 9:00 a.m., Central Time, Thursday, July 25, 2013. The Company plans to issue its financial and ...

22nd licensing round on the Norwegian continental shelf
Posted On Jun 12 ,2013 - 06:59-PM | by admin

Statoil has been awarded interests in seven production licences in the Barents Sea. Three of the licences will be Statoil operated. "Statoil has been awarded new quality acreage in the Barents Se...

RWE Dea expands Exploration Portfolio with Farm-In in Suriname
Posted On Jun 12 ,2013 - 06:20-PM | by admin

RWE Dea has signed a farm-in agreement with PETRONAS Suriname E&P BV (“PETRONAS Suriname”), acquiring a 40% interest in the licence Block 52 off the coast of Suriname. In doing so, RWE Dea will se...

Foster Wheeler Acquires UK-Based Ingen Ideas, a Specialist Upstream Consultancy
Posted On Jun 12 ,2013 - 06:53-AM | by admin

Foster Wheeler AG (Nasdaq: FWLT) announced today that it has acquired Ingen Ideas ("Ingen"), a privately held upstream consultancy company located in Aberdeen, UK. Ingen specializes in field devel...

Chariot Oil & Gas announce licence extension agreement for blocks Loukos and Casablanca/Safi, offshore Morocco
Posted On Jun 12 ,2013 - 06:38-AM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, ...

OPEC daily basket price stood at $100.72 a barrel Tuesday, 11 June 2013
Posted On Jun 12 ,2013 - 06:36-AM | by admin

The price of OPEC basket of twelve crudes stood at 100.72 dollars a barrel on Tuesday, compared with $101.38 the previous day, according to OPEC Secretariat calculations . The new OPEC Reference ...

Active Cleanup from Deepwater Horizon Accident Ends in Florida, Alabama and Mississippi
Posted On Jun 12 ,2013 - 06:51-AM | by admin

Following the extensive three-year cleanup effort, the U.S. Coast Guard is ending active cleanup operations in Mississippi, Alabama and Florida and today announced that the three states are expected t...

BP Statistical Review Reveals Biggest Annual Increase in US Oil Production, as World Energy System Adapts to Changing Global Dynamics
Posted On Jun 12 ,2013 - 06:41-AM | by admin

The BP Statistical Review of World Energy 2013 - the 62nd annual report - is launched today, revealing that 2012 had the largest single-year increase in US oil production ever recorded, and new eviden...

CME Group Announces Open Interest Record in Benchmark Light Sweet Crude Oil (WTI) Futures
Posted On Jun 12 ,2013 - 06:56-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a record in open interest for its global benchmark NYMEX Light Sweet Crude Oil (WTI) Futures contracts yes...

Rosneft and ExxonMobil Finalize Arctic Research Center and Technology Sharing Agreements
Posted On Jun 12 ,2013 - 06:08-AM | by admin

Rosneft and ExxonMobil today signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint vent...

Election to Statoil's board of directors
Posted On Jun 12 ,2013 - 06:19-AM | by admin

Stock Market AnnouncementIn a meeting in the Corporate Assembly of Statoil ASA (OSE:STL, NYSE:STO) 11 June Svein Rennemo was re-elected as chair and Grace Reksten Skaugen as deputy chair of the board ...

Heritage Oil Provides an Update on Production in OML 30, Nigeria
Posted On Jun 12 ,2013 - 06:54-AM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, issues an update regarding production levels in OML 30, Nigeria. Gross production from OML 30 has ...

SCDM Energie Selects Paradigm for Petrophysical Analysis and Reservoir Modeling
Posted On Jun 11 ,2013 - 06:22-PM | by admin

Solutions chosen for their technological capabilities and ease of use. Paradigm™ (www.pdgm.com) announced that SCDM Energie has adopted the SKUA® subsurface product suite and the Geolog® forma...

Kosmos Energy Announces Rig Contract for Exploration Program
Posted On Jun 11 ,2013 - 06:27-PM | by admin

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that it has signed a long-term rig agreement with a subsidiary of Atwood Oceanics, Inc. (NYSE: ATW) for the new build drillship Atwood Ach...

GE Signs $84 Million Agreement with PEMEX for Deepwater Exploration Projects in the Gulf of Mexico
Posted On Jun 11 ,2013 - 06:40-PM | by admin

GE Oil & Gas (NYSE: GE) has signed an $84 million agreement with PEMEX Exploration and Production to supply and to install subsea wellheads for PEMEX’s deepwater and ultra-deepwater drilling project...

Africa Hydrocarbons Announces Spudding of the BHN-1 Well in Tunisia
Posted On Jun 11 ,2013 - 06:00-PM | by admin

Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") is pleased to announce the commencement of drilling the BHN-1 well on the Bouhajla Permit in Tunisia. The well spudded on June 8, 20...

Subsea 7 S.A. awarded contract offshore Gulf of Mexico
Posted On Jun 11 ,2013 - 06:37-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC) today announced a contract award by Anadarko and their partners for the Heidelberg development in the Gulf of Mexico. The work scope includes the engineering, fabri...

Statoil and PetroFrontier Corp (PFC) reach agreement
Posted On Jun 11 ,2013 - 06:37-PM | by admin

Statoil assumes operatorship for Australian onshore licenses Statoil and PetroFrontier Corp (PFC) have agreed that Statoil shall acquire 80% of PFC's working interest in the four exploration permi...

L&T Group Company Wins Saudi Aramco Contract
Posted On Jun 11 ,2013 - 06:14-AM | by admin

Midyan Gas Processing Facilities Project to meet the growing gas demand A Joint Venture Company of L&T - Larsen Toubro Arabia LLC, has achieved a major breakthrough in the Kingdom of Saudi Arabia b...

Nigeria's NNPC Resumes Pumping of Petroleum Products to Ibadan
Posted On Jun 11 ,2013 - 06:30-AM | by admin

Less than 24 hours after men suspected to be oil thieves ruptured the Mosimi –Ibadan fuel supply pipeline along the crucial System 2B oil Pipeline network leading to a massive inferno, the Managemen...

Shale oil and shale gas resources are globally abundant
Posted On Jun 11 ,2013 - 06:27-AM | by admin

Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically...

Lundin Petroleum to repurchase shares
Posted On Jun 11 ,2013 - 06:08-AM | by admin

The Annual General Meeting ("AGM") of Lundin Petroleum AB ("Lundin Petroleum") held on 8 May 2013 resolved to authorise the Board of Directors to decide on repurchases and sales of Lundin Petroleum sh...

Eni-MIT Energy Society Launched at "Italianissimo!"
Posted On Jun 11 ,2013 - 06:38-AM | by admin

Eni and the Massachusetts Institute of Technology Energy Initiative (MITEI) announced the launch of the Eni-MIT Energy Society during the "Italianissimo!" event held at the Boston Public Library on J...

Songa Mercur secures contract
Posted On Jun 11 ,2013 - 06:44-AM | by admin

Songa Offshore is pleased to announce that a firm contract has been agreed and signed with Idemitsu Oil & Gas Co., Ltd. for the use of Songa Mercur for one firm well offshore Vietnam. The contract wil...

CME Group Announces Daily Trading Volume Record in NYMEX Brent (BZ) Crude Oil Futures
Posted On Jun 11 ,2013 - 06:56-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a trading volume record for its NYMEX Brent (BZ) crude oil futures contract on Friday, June 7, 2013. Tradi...

Petrobras announces letter of Intent with GS Energy Corporation
Posted On Jun 11 ,2013 - 06:38-AM | by admin

Petróleo Brasileiro S.A – Petrobras announces that it has executed, on May 29, 2013, a Letter of Intent with GS Energy Corporation (GSE), for the development of joint study for the Premium 2 Refine...

CME Group Announces Daily Trading Volume Record in NYMEX Brent (BZ) Crude Oil Futures
Posted On Jun 11 ,2013 - 06:51-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a trading volume record for its NYMEX Brent (BZ) crude oil futures contract on Friday, June 7, 2013. Tradi...

ExxonMobil to Fund Training Program for Houston Area Chemical Industry Jobs
Posted On Jun 07 ,2013 - 06:40-PM | by admin

ExxonMobil commits $500,000 to workforce training program •Houston-area community colleges to expand recruitment and training •Fifty-thousand students and educators to benefit over five years ...

Atlantic Petroleum P/F announces Brugdan 2 update
Posted On Jun 07 ,2013 - 06:15-PM | by admin

P/F Atlantic Petroleum (OMX: FO-ATLA) today announces that the Faroes Licence 006 operator Statoil and licence 006 partners Atlantic Petroleum and ExxonMobil are planning to return to the Brugdan 2 lo...

CNOOC and BG Group Sign Agreements for New LNG Supply and Purchase of QCLNG Stake
Posted On Jun 07 ,2013 - 06:29-PM | by admin

On May 6, CNOOC announced that the company has signed LNG Agreements with BG Group for the purchase of certain interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93 billion and...

New Board of Directors announced by Songa Offshore SE
Posted On Jun 07 ,2013 - 06:20-AM | by admin

Mr. Michael Mannering, President of the Rig Management Group at Schlumberger, was today elected Chairman of the Board of Directors of Songa Offshore SE (OSE: SONG) at the company's annual general meet...

Songa Offshore SE : 2013 Annual General Meeting
Posted On Jun 07 ,2013 - 06:43-AM | by admin

The Annual General Meeting in Songa Offshore SE was held on June 6, 2013. All items in the agenda were adopted in accordance to the Notice. Please find attached the Minutes of the Annual General Me...

Petrobras starts production at Lula Nordeste area in Santos Basin pre-salt
Posted On Jun 07 ,2013 - 06:04-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that FPSO Cidade de Paraty went on stream this Thursday (06/06), initiating commercial production at Lula Nordeste area in Santos Basin pre-salt. The ...

Ormen Lange redetermination process concluded
Posted On Jun 06 ,2013 - 06:38-PM | by admin

After a redetermination process in the Ormen Lange Unit in the Norwegian Sea, Statoil's (OSE: STL, NYSE: STO) revised ownership share in the unit will be 25.35%. Statoil's ownership share in the unit...

Neste Oil signs an algae oil off-take agreement with Cellana
Posted On Jun 06 ,2013 - 06:36-PM | by admin

Neste Oil, the world's largest producer of renewable diesel, has signed a contingent commercial off-take agreement with Cellana, an algae biomass developer based in the United States. The agreement wi...

The Oil, Gas and Petrochemicals Internal Auditors Conclave
Posted On Jun 06 ,2013 - 06:41-PM | by admin

Internal Auditors Conclave to look into the importance of enterprise risk management and role of internal auditing. The Deepwater Horizon disaster in the Gulf of Mexico in 2010, which caused Ameri...

Gazprom making strong contribution to meeting growing demand for gas in Europe
Posted On Jun 06 ,2013 - 06:00-AM | by admin

The Gazprom headquarters hosted today the Press Conference “Gas Export and Enhancing Reliability of Gas Supply to Europe” organized within the series of meetings among Gazprom's top executives and...

Johan Castberg project delayed
Posted On Jun 05 ,2013 - 06:47-PM | by admin

Statoil as operator has recommended a delay of the investment decision for the Johan Castberg project in the Norwegian Barents Sea. Statoil has continued to mature the resource base and development p...

Technip awarded substantial subsea contract for the Julia project in the Gulf of Mexico
Posted On Jun 05 ,2013 - 06:28-PM | by admin

Technip was awarded a substantial(1) lump-sum contract by Exxon Mobil Corporation for the development of the Julia field. This field is located in the Walker Ridge area of the Gulf of Mexico, at a wat...

Simba Energy Announces Technical Appointment
Posted On Jun 05 ,2013 - 06:43-PM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the onshore pan-African oil & gas explorer with assets in Kenya, Guinea and Chad, is pleased to announce that it...

Chevron Announces Senior Leadership Change
Posted On Jun 05 ,2013 - 06:15-PM | by admin

Jeff Shellebarger named president of Chevron North America Exploration and Production; Gary Luquette to retire after distinguished 35-year career Chevron Corporation (NYSE: CVX) announced that Jef...

OPEC daily basket price stood at $98.88 a barrel Monday, 3 June 2013
Posted On Jun 04 ,2013 - 06:16-PM | by admin

The price of OPEC basket of twelve crudes stood at 98.88 dollars a barrel on Monday, compared with $98.78 the previous Friday, according to OPEC Secretariat calculations . (View Archives). The new...

New rigs extend field life of Oseberg and Gullfaks
Posted On Jun 04 ,2013 - 06:33-PM | by admin

The licence partners of Gullfaks and Oseberg Area Unit have acquired two new category J jack-up rigs. The rigs will be owned by the licenses and will contribute to increased recovery and extended fiel...

Recommendation from Statoil's nomination committee
Posted On Jun 04 ,2013 - 06:38-PM | by admin

The nomination committee in Statoil (OSE:STL, NYSE:STO) recommends that the company's corporate assembly elects Catherine Hughes and James J. Mulva as new members of Statoil's board of directors. F...

Technip awarded contract for the Karbala refinery in Iraq
Posted On Jun 04 ,2013 - 06:53-PM | by admin

Technip was awarded by Oil Projects Company – SCOP(1) a significant contract(2) for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phase of the...

Songa Offshore SE : Mandatory notification of trade
Posted On Jun 04 ,2013 - 06:08-PM | by admin

Reference is made to the 13 May 2013 announcement of Mr. Bjørnar Iversen taking up the position as CEO of Songa Offshore SE as from 1 June 2013. Mr. Iversen has today been awarded 1,000,000 stock ...

Volvo and Shell in global gas agreement
Posted On Jun 03 ,2013 - 06:34-AM | by admin

Volvo Trucks and Shell have agreed to cooperate globally on the introduction of Liquefied Natural Gas (LNG) as a fuel for commercial heavy duty trucks. Based on Volvo’s new MethaneDiesel concept whe...

MENA Shale 2013
Posted On Jun 03 ,2013 - 06:42-AM | by admin

The Shale Revolution Will Shape Future Energy Strategy in the MENA Region Euro Petroleum Consultants has officially announced an important high-level event dedicated to Unconventional Gas for the Mid...

Genel energy makes commercial oil discovery in Ber Bahr 1 exploration well
Posted On May 31 ,2013 - 05:26-PM | by admin

The Anglo-Turkish oil and gas independent, Genel Energy, today announced that a successful side track of the original Ber Bahr 1 exploration well in the Kurdistan Region of Iraq, has confirmed the exi...

Petrobras domestic oil output up 4.2% in April
Posted On May 31 ,2013 - 05:52-PM | by admin

Monthly crude oil and natural gas production in - Brazil and Abroad Petróleo Brasileiro S.A. – Petrobras announces that its domestic oil output (oil plus natural gas liquids – NGL) averaged 1,92...

Statoil accepts fine for Gullfaks incident
Posted On May 31 ,2013 - 05:10-PM | by admin

Statoil accepts a fine of NOK 30 million following the well control incident on the Gullfaks C platform in 2010. Earlier this year, Statoil was fined by the public prosecutor for Rogaland county foll...

Total announces its decision in a competition between ad agencies: Publicis Conseil for Corporate and BETC for Marketing & Services
Posted On May 31 ,2013 - 05:52-AM | by admin

To support its international development goals and boost its communication strategy, Total Group launched a competition between advertising agencies beginning last January. Interested agencies were...

Gazprom securing uninterrupted gas supply to Russian consumers and taking extensive regional gasification efforts
Posted On May 31 ,2013 - 05:56-AM | by admin

On the threshold of Gazprom's annual General Shareholders Meeting the Company's headquarters hosted today the Press Conference “Gas Supply to Domestic Market. Executing Russian Regions Gasification ...

Government of Ghana approves Development Plan for the TEN Project
Posted On May 31 ,2013 - 05:04-AM | by admin

Tullow Oil plc (Tullow) announces that the Government of Ghana has formally approved the Development Plan for the Tweneboa-Enyenra-Ntomme Development (“the TEN Project”). The approval paves the wa...

Fast-track development of Delta 2 field in the North Sea
Posted On May 30 ,2013 - 05:56-AM | by admin

Together with its partners, Statoil has submitted its plan for the development and operation (PDO) of the Delta 2 field in the North Sea. This development forms part of Statoil's fast-track portfoli...

Chevron Highlights 2012 Performance and Future Growth at Annual Meeting of Stockholders
Posted On May 30 ,2013 - 05:24-AM | by admin

Chevron Corporation (NYSE: CVX) today reported the company's 2012 operational and social performance and future growth plans at its 2013 Annual Meeting of Stockholders. "Chevron's 2012 results dem...

ExxonMobil Singapore Chemical Plant Expansion in Operation
Posted On May 30 ,2013 - 05:14-AM | by admin

Production achieved at second ethylene steam cracker •Production of other products increasing ExxonMobil’s Singapore Chemical Plant is now producing ethylene from the facility’s second wor...

2013 Eni Awards presented
Posted On May 30 ,2013 - 05:42-AM | by admin

The Eni Awards aim to develop better ways of using energy sources and offer opportunities to new generations of researchers, demonstrating the critical importance Eni assigns to scientific research an...

Calao-1X exploration well encounters non-commercial condensate in Côte d’Ivoire
Posted On May 30 ,2013 - 05:01-AM | by admin

Tullow Oil plc (Tullow) announces that the Calao-1X exploration well in the CI-103 licence offshore Côte d’Ivoire, where Tullow is operator and has a 30% carried interest, has encountered thin con...

ExxonMobil Elects New Member to Board of Directors
Posted On May 29 ,2013 - 05:33-PM | by admin

Exxon Mobil Corporation (NYSE:XOM) announced today that shareholders elected a new member, William C. Weldon, to its board of directors. Weldon, 64, served as chairman and chief executive officer ...

Total S.A confirms resolution of U.S. investigation
Posted On May 29 ,2013 - 05:41-PM | by admin

In line with Total S.A’s announcement in July 2012 of an exceptional reserve, the company announced today that it has reached final agreements with the United States Department of Justice (DOJ) and...

Publication of the Tullow Oil plc 2012 Corporate Responsibility report
Posted On May 29 ,2013 - 05:32-PM | by admin

Tullow Oil plc (Tullow) today releases its 2012 Corporate Responsibility report which details Tullow’s performance across a range of areas including safety, governance, people, supply chain, local c...

Oil discovery in the Grane area
Posted On May 28 ,2013 - 05:58-PM | by admin

Statoil, together with partners in the Grane Unit, has made a new oil discovery in the vicinity of the Grane field in the North Sea. Statoil and its partners are in the process of concluding drill...

Anadarko Announces Promotion of Jim Kleckner
Posted On May 28 ,2013 - 05:30-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced James J. Kleckner, formerly Vice President, Operations (Rockies), has been promoted to Executive Vice President, International and Deepwater ...

Eni and Sonatrach reached an agreement on their gas contract
Posted On May 28 ,2013 - 05:56-PM | by admin

As part of the Agreement, Eni and Sonatrach will reduce certain quantities of the contractual gas volumes delivered into Italy. Eni and Sonatrach have agreed on a package solution for 2013 and 2014 w...

Visit of the President of the Republic of Ghana to France
Posted On May 28 ,2013 - 05:06-PM | by admin

Technip reiterates its commitment to the Ghanaian market While on official visit to France, His Excellency John Dramane Mahama, President of the Republic of Ghana, was welcomed earlier today by Thier...

Dana Petroleum lays keel for $400 million oil production vessel
Posted On May 28 ,2013 - 05:09-AM | by admin

Aberdeen-based Dana Petroleum has laid the keel for a new $400 million oil production vessel which will produce and store up to 40,000 barrels of oil a day from the North Sea by 2015. The keel layi...

Eni presents Lab4energy: energy as told by the young
Posted On May 28 ,2013 - 05:11-AM | by admin

Tomorrow sees the conclusion of Eni’s Lab4energy project, carried out in collaboration with the Fondazione Eni Enrico Mattei. The event will be held in the Hall of Honour of the Triennale di Milano ...

Plant Shutdown and Turnaround 2013
Posted On May 28 ,2013 - 05:54-AM | by admin

Improving Ground Zero Realities Through Effective Outage Management 3 day conference with interactive workshops on Plant Shutdown and Turn Around to be held on 18th to 20th November 2013 at Doha, Q...

ASNT Regional Director Marwan Basrawi Addresses Pipeline Summit
Posted On May 28 ,2013 - 05:19-AM | by admin

One of the leading pipeline integrity summit in the region is underway at the Park Rotana in Abu Dhabi. Fleming Gulf's 3rd Annual Global Pipeline Integrity Summit 2013 opened yesterday 27 May, with...

Technip awarded contract for a new calcination unit for a coker project in Abu Dhabi
Posted On May 28 ,2013 - 05:24-AM | by admin

Technip was awarded a significant contract(1) comprising technology, engineering services and supply of core equipment for Abu Dhabi Oil Refining Company – Takreer's new coke calcination unit. This ...

African Economic Outlook 2013: Natural resources can fuel Africa’s economic transformation
Posted On May 28 ,2013 - 05:55-AM | by admin

Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for a breakthrough in human development, according to the African Economic Outlook 2...

RIL, BP and NIKO Announce a Significant Gas Condensate Discovery in Deepwater KG D6 Block, Offshore India
Posted On May 27 ,2013 - 05:40-PM | by admin

Reliance Industries Limited (RIL) and its partners BP and NIKO today announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India. The KGD6-MJ1 well was d...

Petrobras farms out in Tanzania Exploration License
Posted On May 24 ,2013 - 05:27-PM | by admin

Petrobras announces that its wholly owned subsidiary Petrobras Tanzania Ltd. has signed a farm-out agreement for the sale of 12% working interest in Block 6 licence offshore Tanzania to Statoil Tanza...

Global Gas Industry Expands its Horizons
Posted On May 24 ,2013 - 05:16-PM | by admin

Conference in Istanbul to track latest advancements in the gas industry ExxonMobil, world’s largest publicly traded international oil and gas company and Turkey's state owned Turkiye Petrolleri AO ...

“The Future of Nigeria’s Petroleum Industry”
Posted On May 24 ,2013 - 05:38-AM | by admin

Ministerial Keynote Address By Diezani Alison-Madueke (Mrs.) Honorable Minister Ministry of Petroleum Resources At The Nigeria Economist’s Group Summit Protocol: I am honoured to be in your m...

“The Investment Opportunities in Nigeria’s Oil and Gas Sector”
Posted On May 24 ,2013 - 05:29-AM | by admin

A Speech Delivered By Diezani Allison-Madueke (Mrs.) Honourable Minister, Ministry of Petroleum Resources, Nigeria At Nigeria – South Africa Business Forum during Mr. Presiden's visit to South Af...

Petrobras completes drilling and testing well in Transfer of Rights area
Posted On May 24 ,2013 - 05:07-AM | by admin

Petrobras announces it has completed drilling and conducted a formation test in the well that discovered oil at the Transfer of Rights area referred to as Florim, in the Santos Basin pre-salt. Well...

CME Group Inc. Declares Quarterly Dividend
Posted On May 24 ,2013 - 05:30-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today declared a second-quarter dividend of $0.45 per share, payable June 25, 2013, to shareholders of record as of June 10, 20...

Noble Energy Announces $500,000 Donation To Support Oklahoma Relief And Recovery
Posted On May 24 ,2013 - 05:52-AM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that the company will donate $500,000 to support disaster-relief and recovery efforts for the communities affected by the devastating tornadoes that rece...

Fathom Solutions, Iraq North Oil Company and OGDCL Pakistan to lead workshop at Pipeline Summit
Posted On May 24 ,2013 - 05:26-AM | by admin

Pipelines transporting crude and refined petroleum, oil, natural gas and biofuels are the most valuable assets. The integrity of the pipes weakens through constant corrosion, ageing, third party damag...

2013 EIA Energy Conference
Posted On May 24 ,2013 - 05:11-AM | by admin

The U.S. Energy Information Administration (EIA) will hold its 2013 EIA Energy Conference on June 17 and 18, 2013. The EIA Energy Conference has become a premier forum for addressing energy issues ...

Port Arthur Steam Cracker in Texas is Now Processing Ethane from Shale Gas
Posted On May 23 ,2013 - 05:55-PM | by admin

To capitalize on the shale gas revolution in the United States, the BASF TOTAL Petrochemicals LLC (BTP) joint venture (40% Total, 60% BASF) revamped the Port Arthur steam cracker in Texas to process e...

NNPC, MPN Consider Alternative Funding
Posted On May 23 ,2013 - 05:57-PM | by admin

Nigerian National Petroleum Corporation(NNPC) and its Joint Venture partner, Mobil Producing Nigeria Limited (MPN) are considering going into the bond market as an alternative source of funding by t...

OCEANTEAM SHIPPING ASA - RECEIVED A RULING FROM THE BERGEN DISTRICT COURT
Posted On May 23 ,2013 - 05:09-PM | by admin

Oceanteam Shipping ASA has received the judgement in part one of the case against naval architects Sawicon AS concerning rights connected to the North Ocean 100-series, where the court has found in fa...

Petrobras Issues US$ 11 billion in Global Notes
Posted On May 23 ,2013 - 05:02-PM | by admin

Petróleo Brasileiro S.A – Petrobras announces that it closed on May 20th the issuance of Global Notes in the international capital markets in the amount of US$ 11 billion through its wholly owned ...

LUNDIN NORWAY COMPLETES EXPLORATION WELL 7/4-3 ON THE CARLSBERG PROSPECT IN NORWAY
Posted On May 23 ,2013 - 05:49-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) has, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), completed the drilling of wildcat well 7/4-3. The well was drilled 24 km north of the ...

Tullow Oil plc: Well update - Norway
Posted On May 23 ,2013 - 05:21-PM | by admin

Lundin Petroleum AB, the operator of the 7/4-3 well drilled on the Carlsberg prospect in the Norwegian North Sea, in which Tullow Oil plc is a 40% partner, today issued the following statement. ...

CME Group Inc. Announces Preliminary Results from its 2013 Annual Meeting of Shareholders
Posted On May 23 ,2013 - 05:04-PM | by admin

CME Group Inc. (NASDAQ: CME) today announced the preliminary shareholder voting results from its 2013 annual meeting. At the meeting, shareholders: • elected Terrence A. Duffy, Charles P. Care...

Technip awarded contract for flare modification in Abu Dhabi
Posted On May 31 ,2013 - 05:05-AM | by admin

Technip was awarded by ADMA-OPCO(1) a lump-sum turnkey contract for the engineering, procurement, construction, pre-commissioning, commissioning and start-up assistance for flares modification and rev...

OCEANTEAM SHIPPING ASA - RELEASE OF Q1 2013 REPORT AND PRESENTATION
Posted On May 23 ,2013 - 05:43-PM | by admin

"During the first quarter Oceanteam Shipping ASA saw the full utilization of all vessels. Oceanteam also continued its investment program in 2.000 Ton/ 4.000 Ton modular carousel systems. Equipment re...

Saudi Aramco Upgrades Gas/Oil Separation Plant with GE’s Advanced Compressor Control Technology
Posted On May 22 ,2013 - 05:17-PM | by admin

First Compressor Control Project in the Kingdom for GE’s Measurement & Control Business Features Mark* Vle System with OptiComp Compressor Control Software Haradh Facility Plays Key Role in Saudi...

Schlumberger Awards Scholarships to the American Association of Petroleum Geologists’ 2013 Outstanding Student Chapters
Posted On May 22 ,2013 - 05:56-PM | by admin

Colorado School of Mines and the Universitas Indonesia Named Top Award Recipients Schlumberger announced today its contribution of five scholarships to the American Association of Petroleum Geolo...

Kosmos Energy Announces Results from Sipo-1 Exploration Well
Posted On May 22 ,2013 - 05:44-PM | by admin

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today results from the Sipo-1 exploration well onshore Cameroon. Drilled on the Ndian River Block in the Rio del Rey Basin, the well was targeti...

Aker Solutions to double subsea manufacturing capacity in Brazil
Posted On May 22 ,2013 - 05:17-PM | by admin

Aker Solutions today laid the foundation stone of a new plant in Paraná that will double the company's subsea production capacity in Brazil. The plant in the city of São José dos Pinhais in the Pa...

Total sanctions a major project to modernize the Antwerp refining and petrochemical platform
Posted On May 22 ,2013 - 05:33-PM | by admin

Total has approved a €1 billion modernization project for its Antwerp production facilities, Total’s largest European refining and petrochemical platform, in line with the Group’s strategy of fo...

Qatar Petroleum International (QPI) and Total seal a strategic partnership in Congo
Posted On May 22 ,2013 - 05:04-PM | by admin

Qatar Petroleum International (QPI) and Total are pleased to announce the signing of a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share ca...

President of Sonatrach to Deliver a Keynote Address at the North Africa Gas Summit
Posted On May 22 ,2013 - 05:01-PM | by admin

Abdelhamid Zerguine, the President of Sonatrach is confirmed to deliver a keynote address at the inaugural North Africa Gas Summit, taking place 25-26 June 2013, at the Grand Plaza Hotel, Rome, Italy....

Noble Energy Announces Karish Discovery In The Levant Basin Offshore Israel
Posted On May 22 ,2013 - 05:40-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today a natural gas discovery at the Karish prospect offshore Israel. The discovery well was drilled to a total depth of 15,783 feet and encountered 184 feet ...

Call of eight leading energy companies to EU leaders for a revitalized energy policy
Posted On May 22 ,2013 - 05:37-AM | by admin

Meeting in Brussels, the day before the European Council focused on energy and tax fraud on 22 May 2013, the CEOs of eight European energy companies have drawn to the attention of EU leaders the urgen...

Heritage Oil Plc: Notice of Annual General Meeting and Approval of Rule 9 Waiver
Posted On May 22 ,2013 - 05:31-AM | by admin

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration an...

ExxonMobil Contributes to Tornado Recovery and Relief Efforts
Posted On May 22 ,2013 - 05:02-AM | by admin

Exxon Mobil Corporation (NYSE:XOM) announced today it will donate $500,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in Oklahoma and the south...

Gazprom taking measures to increase its capitalization
Posted On May 21 ,2013 - 05:19-PM | by admin

The Gazprom Board of Directors took notice of the information on measures aimed at increasing the Company's capitalization. It was mentioned that at present Gazprom's shares as well as the whole R...

Anadarko to Present at Upcoming Oil & Gas Conference
Posted On May 21 ,2013 - 05:07-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced that Vice President, Exploration, Frank Patterson, will present at the 2013 UBS Global Oil & Gas Conference on Wednesday, May 22, 2013, at 7:...

KONGSBERG wins contract for deliveries to four drillships
Posted On May 17 ,2013 - 05:14-AM | by admin

KONGSBERG has been awarded a significant offshore automation contract with Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drill ship...

Award of three blocks in Brazil’s 11th Round to Premier Oil plc
Posted On May 17 ,2013 - 05:20-AM | by admin

Premier is pleased to announce that it has been awarded three blocks in Brazil’s 11th Round held in Rio de Janeiro on 14 May. The blocks are located in deep water basins offshore North East Brazil ...

Hess Corporation Announces Results of Annual Meeting
Posted On May 17 ,2013 - 05:46-AM | by admin

Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today announced voting results from its Annual Meeting of Stockholders held earlier today. At the meeting, stockholders elected the five ...

SPDC declares force majeure on gas supplies to NLNG
Posted On May 16 ,2013 - 05:03-PM | by admin

Shell Petroleum Development Company Limited (“SPDC”) has declared force majeure on gas supplies to Nigeria LNG, effective 09:00 hrs (Nigerian time) on Wednesday, May 15 2013. This action is du...

ExxonMobil Annual Meeting of Shareholders Wednesday May 29, 2013
Posted On May 16 ,2013 - 05:44-PM | by admin

ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 29, 2013. Media access will be provided to authorized representatives of commercial news organizations who pre-register by Fr...

Hays Oil & Gas Job Index rebounds in the new year
Posted On May 16 ,2013 - 05:39-PM | by admin

The Hays Oil & Gas Global Job Index recovered from the dip experienced in the last quarter of 2012 and has shown two consecutive years of substantial improvement. The Index, which charts the number...

Aker Solutions to perform world's first tests for capture of CO2 from cement industry
Posted On May 16 ,2013 - 05:42-PM | by admin

Aker Solutions has won a contract to test and study the capture of carbon dioxide (CO2) from flue gas emitted by the cement industry. The award from Norcem, in cooperation with the European Cement Res...

Hess and Elliott Reach Resolution to End Proxy Contest
Posted On May 16 ,2013 - 05:17-PM | by admin

Hess To Add Three Elliott Director Nominees to Board and Elliott Agrees to Support Five Hess Director Nominees Majority of Board To Be Refreshed Hess Corporation (NYSE: HES) (“Hess”) today...

Nigeria, South Africa Sign MOU to Bolster Economic Ties In Oil and Gas Sector
Posted On May 16 ,2013 - 05:32-AM | by admin

As part of concerted efforts to further transform the Nigerian Petroleum Sector, the Federal Government and the Republic of South Africa has signed a Memorandum of Understanding, MOU, in the oil and g...

Total wins 10 exploration licenses during Brazil’s 11th Bid Round
Posted On May 16 ,2013 - 05:49-AM | by admin

Total announces that it has been awarded 10 new exploration licenses during Brazil’s 11th bid round. Total will be the operator with 40% interest in five blocks situated in the Foz do Amazonas basi...

Twelve African Energy, Mining and Industry Ministers confirm attendance at the Africa Energy Forum 2013 in Barcelona
Posted On May 16 ,2013 - 05:52-AM | by admin

Over 800 delegates are expected to attend this international investment Forum for Africa’s power industry A recent report from the World Bank indicated that the GDP of a third of African countrie...

Petrobras buys the most blocks and offers the biggest signature bonus in the ANP 11th Round
Posted On May 16 ,2013 - 05:50-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that yesterday it acquired the most blocks offered in the 11th Bid Round held by the National Petroleum Agency (ANP). Petrobras bought, whether on its...

Technip awarded contract for a Polyethylene expansion project in Canada
Posted On May 16 ,2013 - 05:57-AM | by admin

Technip was awarded by NOVA Chemicals Corporation the detail engineering, and procurement services contract for the Polyethylene 1 expansion project located at their Joffre site* near Red Deer in Albe...

Interim Management Statement released by Afren plc
Posted On May 16 ,2013 - 05:35-AM | by admin

Afren plc (“Afren” or the “Group”), announces its Interim Management Statement and financial results for the three months ended 31 March 2013 and an update on its operations year-to-date 2013,...

Heritage Oil Interim Management Statement
Posted On May 16 ,2013 - 05:53-AM | by admin

Heritage Oil Plc ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, issues its Interim Management Statement for the period from 1 January 20...

Report for the First Quarter 2013 released by Songa Offshore SE
Posted On May 16 ,2013 - 05:21-AM | by admin

Songa Offshore SE ("Songa") reports operating revenue for the first quarter 2013 of USD 124.8 million, and a profit of USD 9,4 million. "The results show that we have now definitely put a challeng...

CME Group Announces Open Interest for WTI-Brent Crude Oil Spread Options Contract Exceeds 125,000 for First Time
Posted On May 16 ,2013 - 05:45-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a record in open interest for its NYMEX WTI-Brent Crude Oil Spread Option contract (BV) yesterday, M...

Dana Petroleum’s Western Isles Development brought to life in new project film
Posted On May 15 ,2013 - 05:55-PM | by admin

The film takes us through project milestones from discovery to the construction of a new $400 million oil production vessel which will produce and store up to 40,000 barrels of oil a day from the Nort...

Noble Receives Contract Award For New Ultra-High Specification Jackup To Be Constructed For Mariner Project
Posted On May 15 ,2013 - 05:20-PM | by admin

Project Continues Strategic Transformation of the Noble Fleet Builds on Noble's Strong Operating Success in the North Sea Noble Corporation (NYSE: NE) today announced that the Company has been awa...

Statoil awarded 6 licences offshore Brazil
Posted On May 15 ,2013 - 05:28-PM | by admin

Statoil was the highest bidder on 6 licences in Brazil's 11th licensing round, the first licencing round in the country since December 2008. With the new licences, Statoil has strengthened its positio...

Simba Energy Inc. signs memorandum of understanding with Ajax Exploration Ltd
Posted On May 15 ,2013 - 05:19-PM | by admin

Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba”), the onshore pan-African oil and gas explorer with assets in Kenya, Guinea and Chad, is pleased to announce that it has signed...

Subsea 7 awarded contract offshore Mexico
Posted On May 15 ,2013 - 05:26-PM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC) announced a contract award by Pemex to its Mexican joint venture valued at approximately $90 million. The contract comprises the engineering, fabrication and installa...

Statoil farms into offshore exploration acreage in Australia
Posted On May 15 ,2013 - 05:26-PM | by admin

Statoil has signed a farm-in agreement with BP, acquiring a 30% equity share in four exploration licences offshore South Australia. "With this agreement we gain access to a vast, underexplored area...

Paradigm 2011.3 Release to be Featured at AAPG 2013
Posted On May 15 ,2013 - 05:54-AM | by admin

New geology and geophysics technology and workflows provide deeper insight into shale resource plays

Total Gabon’s First-Quarter 2013 Results
Posted On May 15 ,2013 - 05:47-AM | by admin

Selling Price In first-quarter 2013, Brent averaged $112.6 per barrel, down 5% from $118.6 in the prior-year period. The selling price of the Mandji and Rabi Light crude oil grades marketed by Total ...

Michael Mannering nominated as new Chairman of Songa Offshore SE
Posted On May 15 ,2013 - 05:06-AM | by admin

Songa Offshore SE's (OSE: SONG) Board announced today its nomination committee's proposal for the board of directors of Songa Offshore SE, to be elected on the company's AGM on June 6th 2013 in Limass...

Africa Oil Announces Etuko-1 Well Spuds in Kenya
Posted On May 14 ,2013 - 05:14-PM | by admin

Africa Oil Corp. (TSX VENTURE:AOI)(NASDAQ OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that Tullow Oil Plc, the operator of Block 10BB in Kenya, has commenced drilling at the Etuko ...

Petrobras Among the Best According to Standard & Poor's Management and Governance Score
Posted On May 14 ,2013 - 05:10-PM | by admin

Petrobras informs that Standard & Poor's Ratings Services (S&P) published today a report (Management and Governance Credit Factors) where it assigns management and governance evaluations to more than...

Afren plc (“Afren” or the “Company”) announces the completion of a farm out agreement with Lekoil Limited (“Lekoil”) on the OPL 310 licence
Posted On May 14 ,2013 - 05:33-AM | by admin

located offshore Nigeria, and an update on the exploration drilling programme on the block. Afren is pleased to announce that it has completed a farm-out agreement with Lekoil (subject to Nigeri...

Dana Gas Reports Strong Profit Growth for Q1, 2013
Posted On May 14 ,2013 - 05:25-AM | by admin

Net profit of AED 241 million, up 17% year-on-year • Production of 61,400 boepd, up by 3% compared to Q4, 2012 • 100% interest in offshore Block 6 Concession area in Egypt • Pre-qualified in ...

Technip awarded a contract for the Norne field in Norway
Posted On May 14 ,2013 - 05:14-AM | by admin

Technip was awarded by Statoil an engineering, procurement, construction and installation lump-sum contract for the Norne field development, located in the Norwegian Sea at a water depth of approximat...

Petrobras Pricing of Global Notes
Posted On May 14 ,2013 - 05:52-AM | by admin

Petrobras announces the pricing of 3, long 5, 10 and 30 year fixed and 3 and long 5 year floating rate Global Notes denominated in U.S Dollars (U.S.$) issued by its wholly-owned subsidiary Petrobras G...

Noble Energy To Present At The UBS Global Oil And Gas Conference
Posted On May 13 ,2013 - 05:34-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that David L. Stover, the Company's President and COO, will present at the UBS Global Oil and Gas Conference on Wednesday, May 22, 2013 at 9:25 a.m. Cent...

NNPC Unveils $16 Billion Gas Infrastructure Investment Opportunity
Posted On May 13 ,2013 - 05:16-PM | by admin

Set to Commence Site clearing of Multi-billion dollar Ogidinbge Gas Industrial Park in Delta State ·Says President’s Gas Revolution Agenda in full throttle. The Nigerian National Petroleum C...

Anadarko to Present at Upcoming Energy Conference
Posted On May 13 ,2013 - 05:50-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced that Vice President, Gulf of Mexico Exploration, Ernie Leyendecker, will present at the CITI 2013 Global Energy and Utilities Conference on W...

Songa Offshore SE appoints Bjørnar Iversen as new CEO
Posted On May 13 ,2013 - 05:16-AM | by admin

Songa Offshore SE (OSE: SONG) has appointed Bjørnar Iversen as new CEO of Songa Offshore SE, effective as of June 1st. Iversen will relocate to Limassol and take up the position only weeks after he j...

Neste Jacobs and Global Oil Shale sign Oil Shale Development and Engineering Agreement
Posted On May 13 ,2013 - 05:55-AM | by admin

Technology, engineering and project management company Neste Jacobs Oy and energy company Global Oil Shale Group PLC ("GOS") have signed a Strategic Oil Shale Development and Engineering Agreement to ...

SPDC tests five gas wells in Gbaran-Ubie project
Posted On May 10 ,2013 - 05:16-PM | by admin

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) is testing the potentials of five gas wells as it progresses implementation of the Gbaran-Ubie project in Bayelsa State. The exercise whic...

Eni Shareholders approve 2012 Financial Statements at Annual Meeting
Posted On May 10 ,2013 - 05:37-PM | by admin

2012 net profit €9.07 billion - Total dividend per share for 2012 of €1.08 - Remuneration Report approved - Authorisation to the Board of Directors to acquire treasury shares Th...

Arabian Water & Power Forum, 23-25 September 2013
Posted On May 10 ,2013 - 05:42-PM | by admin

Forum Gathering Senior Government & Industry Representatives to Discuss Managing Energy Demand Across the Middle East The Arabian Water & Power Forum, held under the patronage of HH Sheikh Mohammed...

Drop Your Appetite for Stolen Nigerian Crude
Posted On May 10 ,2013 - 05:23-PM | by admin

Nigerian Federal Government Tells International Community Alison-Madueke Restates Nigeria’s Strategic Role in Global Oil Supply Mix · Indigenous Companies Make Impressive Showing at OTC 2013 ...

Hess to Separate Chairman and CEO Roles
Posted On May 10 ,2013 - 05:15-AM | by admin

Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today announced that, after consulting with its shareholders, it will separate the role of Chairman and Chief Executive Officer immediate...

Aker Solutions receives contract award notification from Husky
Posted On May 10 ,2013 - 05:48-AM | by admin

Aker Solutions has received a contract award notification for offshore engineering services to support Husky Energy's activities at the offshore White Rose field in Canada. The scope of work includ...

Songa Offshore SE : Songa Venus secures contract extension
Posted On May 10 ,2013 - 05:04-AM | by admin

Songa Offshore SE is pleased to announce an agreement has been reached with Mubadala Petroleum to further extend the Venus program to cover an additional two firm wells and two option wells in Vietnam...

Statoil: Execution of debt capital market transactions
Posted On May 09 ,2013 - 05:57-PM | by admin

Stock Market Announcement On Wednesday May 8, 2013, Statoil ASA (OSE:STL, NYSE:STO), guaranteed by Statoil Petroleum AS, executed the following debt capital market transactions: Issue of USD...

Statoil sanctions the Julia field development in the Gulf of Mexico
Posted On May 09 ,2013 - 05:24-PM | by admin

Statoil and operator ExxonMobil have decided to sanction the Julia field development in the Gulf of Mexico. The field, located approximately 200 miles south of New Orleans, Louisiana, was discovered...

Calvalley Petroleum Inc. discovers new oil pool
Posted On May 09 ,2013 - 05:39-AM | by admin

Calvalley Petroleum Inc. (“Calvalley” or the “Company”) is pleased to announce results from the drilling of its Ras Nowmah South exploration prospect. The well was drilled to a total depth of...

Apache announces three new oil and gas discoveries in egypt's western desert
Posted On May 09 ,2013 - 05:36-AM | by admin

Extends production base across vast concession areas Apache Corporation (NYSE, Nasdaq: APA) today announced drilling success with three new discovery wells in Egypt's Western Desert. "Apache's ...

Tata Steel Showcases Deepwater Pipeline Solutions at OTC
Posted On May 09 ,2013 - 05:45-AM | by admin

Tata Steel is demonstrating its ability to deliver pipeline solutions to some of the world’s most challenging and complex projects at this year’s Offshore Technology Conference (OTC) in Houston Ma...

GE Expands Its Technology Offerings for the Unconventional Resources Sector
Posted On May 09 ,2013 - 05:56-AM | by admin

Introducing Modular Frac Manifolds - New Product Has Key Safety, Cost-Saving Features - Offers Major Benefits for Shale Gas Field Operators - flexibility to Support Specific Well Site Requiremen...

Nigeria's first offshore training center
Posted On May 09 ,2013 - 05:03-AM | by admin

PEM Offshore selects KONGSBERG offshore vessel simulators for Nigeria's first offshore training center PEM Offshore Limited has signed a multi-million dollar contract with Kongsberg Maritime for t...

Shell lays keel for world's first floating LNG project
Posted On May 09 ,2013 - 05:37-AM | by admin

In an important step, Shell has laid the keel for Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) project. When complete, Prelude is expected to be the largest offshore floatin...

Dana Gas Successfully Completes Sukuk Refinancing
Posted On May 09 ,2013 - 05:35-AM | by admin

Dana Gas PJSC, the Middle East’s leading private sector regional natural gas company,confirms that on 8th May 2013 it has completed the refinancing of the US$ 1 billion Trust Certificates (Sukuk-al-...

Test drilling for shale gas in Sussex
Posted On May 09 ,2013 - 05:16-AM | by admin

Cuadrilla commences local discussions concerning Balcombe test drilling plans Cuadrilla has announced plans to drill an exploration well at its Balcombe site later this year. The company intends to...

Tullow Oil plc issues Interim Management Statement
Posted On May 08 ,2013 - 05:31-AM | by admin

Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 January to 8 May 2013, in accordance with reporting requirements of the EU Transparency Directive. This stat...

Technip awarded two subsea contracts in Canada
Posted On May 08 ,2013 - 05:10-AM | by admin

Technip was awarded by Husky Oil Operations two contracts, with a combined substantial(1) value, for the planned subsea tieback of the South White Rose Extension field. The field is an extension of th...

Petrobras announces new discovery of good quality oil in Transfer of Rights
Posted On May 08 ,2013 - 05:38-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that it has discovered good quality oil in the Transfer of Rights area referred to as Entorno de Iara, at Santos Basin pre-salt. The well 1-BRSA-11...

ExxonMobil to Develop Julia Oil Field in the Gulf of Mexico
Posted On May 08 ,2013 - 05:25-AM | by admin

Field located in water depths of more than 7,000 feet •Initial development phase designed for daily oil production of 34,000 barrels •Startup scheduled for 2016 Exxon Mobil Corporation (NY...

Iraq contract success for Wood Group-CCC
Posted On May 07 ,2013 - 05:53-PM | by admin

Shell Iraq Petroleum (Shell) has awarded a commissioning services contract to Wood Group-CCC (WGCCC), a company equally owned by Wood Group PSN (WGPSN) and Consolidated Contractors Company (CCC), prov...

Aker Solutions' subsidiary Managed Pressure Operations a winner at OTC
Posted On May 07 ,2013 - 05:32-PM | by admin

Aker Solutions' subsidiary Managed Pressure Operations yesterday won a prize for its riser safety system at the Offshore Technology Conference in Houston. The Aker Solutions unit won the Woelfel Be...

Anadarko Announces First-Quarter 2013 Results
Posted On May 07 ,2013 - 05:44-PM | by admin

Increases Full-Year 2013 Sales-Volumes Guidance Anadarko Petroleum Corporation (NYSE: APC) today announced first-quarter 2013 net income attributable to common stockholders of $460 million, or $0.91 ...

Technip awarded subsea contract for the Gullfaks field in Norway
Posted On May 07 ,2013 - 05:57-PM | by admin

Technip was awarded by Statoil a contract for the removal and replacement of the two oil-loading systems at the Gullfaks field. This field is located in the North Sea, offshore Norway, at a water dept...

Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan
Posted On May 07 ,2013 - 05:08-PM | by admin

AfDB/World Bank-supported plan to generate more than a gigawatt of power The US $7.6 billion Climate Investment Funds (CIF) today gave the go-ahead to Algeria, Egypt, Jordan, Libya, Morocco and Tun...

Cobalt International Energy, Inc. Announces First Quarter 2013 Results and Provides Operational Update on Its Gulf of Mexico and West Africa Drilling Operations
Posted On May 06 ,2013 - 05:38-AM | by admin

Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $128.1 million, or $0.31 per basic and diluted share for the first quarter of 2013, compared to a net loss of ...

Kuwait Energy announces increases in revenue and production during Q1 2013
Posted On May 06 ,2013 - 05:03-AM | by admin

Kuwait Energy (“the Company”), one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today announced an update on its financial and corporate ...

New Gas Discovery Onshore Pakistan by Eni
Posted On May 06 ,2013 - 05:49-AM | by admin

This new discovery marks another success in Eni’s near field exploration strategy in the country. The additional production at Lundali will allow the optimization of the existing Eni’s infrastruc...

Songa Offshore SE : April fleet update
Posted On May 06 ,2013 - 05:57-AM | by admin

April fleet update Songa Dee achieved an operating efficiency of 100% during the month continuing working for Statoil in Norway. Songa Delta achieved an operating efficiency of 100% during the ...

Total Recognized by Peers for Its Deep Offshore Expertise
Posted On May 06 ,2013 - 05:48-AM | by admin

The Pazflor deep offshore development in Angola, with the world's largest FPSO, received a Distinguished Achievement Award at the Offshore Technology Conference. At the Offshore Technology Confere...

Resignation of Director
Posted On May 06 ,2013 - 05:13-AM | by admin

African Petroleum Corporation Limited (NSX: AOQ) (African Petroleum or the Company) advises that Non-Executive Deputy Chairman Mr Tony Sage has tendered his resignation to take effect from 30 June 201...

The Deep Energy, Technip’s new state-of-the-art pipelay vessel
Posted On May 06 ,2013 - 05:01-AM | by admin

Technip officially named its latest new state-of-the art pipelay vessel on Friday at Florø, Norway. During the ceremony held at Westcon’s Yard, the Deep Energy was named by the vessel's godmother,...

CME Group Volume Averaged 11.6 Million Contracts per Day in April 2013
Posted On May 02 ,2013 - 05:17-PM | by admin

Up 8 Percent from April 2012 - Metals volume up 62 percent, to record - Energy volume up 20 percent - Foreign exchange volume up 18 percent - Equities volume up 16 percent CME Group, the world'...

Roxtec seals latest oil and gas deal with Humber based oil refinery
Posted On May 02 ,2013 - 05:44-AM | by admin

Bury based international cable seal manufacturer Roxtec has signed its latest deal in the energy sector to supply one of the largest oil refineries in the UK based on the Humber. (SEE NOTES TO EDITORS...

CME Group Inc. Reports Solid First-Quarter 2013 Financial Results
Posted On May 02 ,2013 - 05:24-AM | by admin

CME Group Inc. (NASDAQ: CME) today reported revenues of $719 million and operating income of $406 million for the first quarter of 2013. Net income attributable to CME Group was $236 million and dilu...

BG Group plc reports its 2013 First Quarter Results
Posted On May 02 ,2013 - 05:08-AM | by admin

BG Group plc reported its 2013 First Quarter Results to the London Stock Exchange at 07:00 (UK time) on Thursday 2 May 2013. First Quarter Key Points  Earnings down 3% to $1.2 billion  Pr...

BG Group completes successful Mzia well test,offshore Tanzania
Posted On May 02 ,2013 - 05:20-AM | by admin

BG Group today announced it had completed another successful drill stem test in Block 1 offshore Tanzania, with initial results from the Mzia-2 well showing better than expected properties in the deep...

Nigerias Petroleum Industry Bill Takes Centre Stage at the forth coming Offshore Technology Conference, OTC
Posted On May 02 ,2013 - 05:31-AM | by admin

Alison-Madueke Leads Nigeria’s Contingent to OTC 2013 The proposed oil industry reform law currently before the National Assembly for legislative action would form the focal point of global discou...

Paradigm Names Arshad Matin as New President, CEO and Board Member
Posted On May 02 ,2013 - 05:43-AM | by admin

New leadership follows Apax Partners acquisition in 2012. Paradigm™ (www.pdgm.com) announced today that Arshad Matin has been appointed as the company’s president and CEO and a member of the ...

2013 EIA Energy Conference
Posted On May 02 ,2013 - 05:38-AM | by admin

The U.S. Energy Information Administration (EIA) will hold its 2013 EIA Energy Conference on June 17 and 18, 2013. The EIA Energy Conference has become a premier forum for addressing energy issues ...

Noble Energy To Present At Citi's 2013 Global Energy And Utilities Conference
Posted On May 02 ,2013 - 05:02-AM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that David L. Stover, the Company's President and COO, will present at Citi's 2013 Global Energy and Utilities Conference on Tuesday, May 14, 2013 at 2:0...

Chevron Corp. Statement on Canadian Jurisdictional Decision in Ecuador Enforcement Proceeding
Posted On May 02 ,2013 - 05:55-AM | by admin

The Ontario Superior Court of Justice has stayed (see opinion here) an action initiated by a group of Ecuadorian plaintiffs seeking to have a judgment of an Ecuadorian court against Chevron Corp. [NYS...

Neste Oil begins preparations for modernizing energy generation at Porvoo - environmental impact assessment process initiated
Posted On May 02 ,2013 - 05:08-AM | by admin

Neste Oil begins preparations for modernizing energy generation at Porvoo - environmental impact assessment process initiated Neste Oil is preparing to modernize its energy generation capabilities ...

Chief Executive of Royal Dutch Shell plc - Peter Voser to retire in 2014
Posted On May 02 ,2013 - 05:56-AM | by admin

The Board of Royal Dutch Shell plc (“Shell”) today announced that Peter Voser, as Chief Executive Officer, has elected to retire from the Company in the first half of 2014. Peter Voser was appoin...

Royal Dutch Shell first quarter 2013 results announcement
Posted On May 02 ,2013 - 05:19-AM | by admin

On Thursday, May 2, 2013 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc will release its first quarter results and first quarter interim dividend announcement for 2013. Royal Dutch S...

Dubai Expo 2020 reports on two social initiatives in Africa that are helping foster sustainability on a local level
Posted On May 01 ,2013 - 05:45-PM | by admin

Under the theme ‘Connecting Minds, Creating the Future’, Dubai is building its Expo 2020 bid (www.expo2020dubai.ae) on three sub-themes representing the f...

Max Petroleum Plc provide operational update
Posted On May 01 ,2013 - 05:32-AM | by admin

Successful Development Well in Zhana Makat Drilling of Baichonas West Appraisal Well Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to anno...

WesternGeco Commences Multiclient Seismic Survey Offshore Mozambique
Posted On May 01 ,2013 - 05:32-AM | by admin

New survey covers open blocks ahead of future licensing rounds WesternGeco today announced that it has begun acquisition of a major multiclient seismic survey offshore Mozambique using the ObliQ* s...

Petrobras announces sale of Gila asset in the Gulf of Mexico
Posted On May 01 ,2013 - 05:16-AM | by admin

Petróleo Brasileiro S.A - Petrobras announces that it has signed today a Sale and Purchase Agreement (SPA) for the sale of the 20% stake the company holds in exploratory blocks KC 49, 50, 92, 93, 94 ...

Africa Oil & Gas, Finance & Investment Forum 2013 will be held in Dubai on 22-23 October 2013
Posted On Apr 30 ,2013 - 04:59-AM | by admin

“Africa’s leading oil and gas investors to gather in Dubai for high level cross continental business summit” AME Trade Ltd are happy to announce the launch of the Africa Oil & Gas, Finance & ...

Mandatory notification of trade - TRS agreement entered
Posted On Apr 30 ,2013 - 04:48-AM | by admin

Aker ASA has today entered into a TRS (Total Return Swap) agreement with exposure to 1 500 000 shares in Aker Solutions ASA. The expiration date of the TRS agreement is 1 November 2013 and the settlem...

Heritage Oil Announces Results for the Year Ended 31 December 2012
Posted On Apr 30 ,2013 - 04:21-AM | by admin

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration an...

Resolutions of the Ordinary and Extraordinary General Meetings by Petrobras
Posted On Apr 30 ,2013 - 04:25-AM | by admin

Petrobras hereby informs that the Ordinary and Extraordinary General Meeting, held this day, at 03:00 pm, in the main auditorium of the Company’s Head office building, at Avenida República do Chile...

Activities Report for African Petroleum to quarter ended 31 March 2013
Posted On Apr 30 ,2013 - 04:52-AM | by admin

African Petroleum spud its third well, Bee Eater-1 on 4 January 2013 in Block LB-09, offshore Liberia On 20 February 2013, the Company announced a discovery at the Bee Eater-1 well 3D seismic proces...

Oil-Around 2013
Posted On Apr 29 ,2013 - 04:05-PM | by admin

A Conference/Master-class/Think-Tank that will take place May 21-23, 2013 at an attractive location near Frankfurt, Germany, bringing together the subjects of Global Oil & Gas (incl. unconventionals a...

Illa International LLC and Neste Jacobs intend to co-operate in the phenol process business
Posted On Apr 29 ,2013 - 04:24-PM | by admin

Illa International LLC (ILLA) and Neste Jacobs Oy have agreed to develop a combined offering in phenol and acetone production technologies, engineering and project services. Together, the companie...

Songa appoints a new Executive Vice President
Posted On Apr 29 ,2013 - 04:32-AM | by admin

Songa Offshore SE today announced the recruitment of Jan Rune Steinsland as new Executive Vice President of Songa Offshore SE. Steinsland will report to interim CEO Jens A. Wilhelmsen and work alongsi...

Aker Solutions ASA: Slow start to 2013 - strengthened management
Posted On Apr 29 ,2013 - 04:22-AM | by admin

Aker Solutions has decided to disclose preliminary information on its performance in the first three months of 2013 as the results considerably lag current consensus market estimates. Aker Solution...

Oilfield Housing Solutions Conference
Posted On Apr 28 ,2013 - 04:22-AM | by admin

Agenda Released for the Oilfield Housing Solutions Conference The agenda has been released for the upcoming Oilfield Housing Solutions Conference. The conference will be held in San Antonio on May...

Petrobras announces Net Income of R$ 7,693 million
Posted On Apr 28 ,2013 - 04:24-AM | by admin

Petrobras today announces its consolidated results stated in millions of Reais, prepared in accordance with International Financial Reporting Standards – IFRS issued by the International Accounting ...

Petrobras March oil and gas production
Posted On Apr 28 ,2013 - 04:38-AM | by admin

Petrobras announces that, in March, total oil and natural gas production in Brazil averaged 2,247 thousand barrels of oil equivalent per day (boed). Including the share operated by the company for its...

ExxonMobil Announces Production Startup at Kearl Oil Sands Project
Posted On Apr 28 ,2013 - 04:28-AM | by admin

Initial phase to produce 110,000 barrels per day; expansion project to double production capacity by late 2015 • Long-term production will access 4.6 billion barrels of resource over 40 years ...

Hess Closes Sale of Its Interest in Russia
Posted On Apr 26 ,2013 - 04:26-PM | by admin

Hess Corporation (NYSE: HES) announced today it has completed the sale of 100 percent of its Russian subsidiary Samara-Nafta to OAO LUKOIL for a total consideration of $2.05 billion. Including working...

Chevron Reports First Quarter Net Income of $6.2 Billion
Posted On Apr 26 ,2013 - 04:08-PM | by admin

Chevron Corporation (NYSE: CVX) today reported earnings of $6.2 billion ($3.18 per share – diluted) for the first quarter 2013, compared with $6.5 billion ($3.27 per share – diluted) in the 2012 f...

Technip’s shareholders meet for the Group’s 2013 Combined Annual General Meeting
Posted On Apr 26 ,2013 - 04:13-AM | by admin

Combined Annual General Meeting of April 25, 2013 Summary Technip’s shareholders met today for the Group’s 2013 Combined Annual General Meeting and approved the following decisions: - Technip...

U.S. Energy Information Administration suspends Annual Energy Review
Posted On Apr 26 ,2013 - 04:51-AM | by admin

Will provide more annual data through the Monthly Energy Review Due to budget considerations, the U.S. Energy Information Administration (EIA) will not publish the Annual Energy Review (AER) or its...

The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran
Posted On Apr 26 ,2013 - 04:04-AM | by admin

The U.S. Energy Information Administration releases bimonthly report on "The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran" Global liquid fuels co...

Neste Oil to invest in improving energy efficiency and operational reliability at its Porvoo refinery
Posted On Apr 26 ,2013 - 04:24-AM | by admin

Neste Oil to invest in improving energy efficiency and operational reliability at its Porvoo refinery Neste Oil is to invest a total of approx. EUR 42 million in improving the energy efficiency and...

Total announces its interim dividend for the first quarter 2013
Posted On Apr 26 ,2013 - 04:16-AM | by admin

The Board of Directors of Total approved a first quarter 2013 interim dividend of 0.59 euros per share, unchanged versus the previous quarter, and payable in euros according to the following timetable...

Noble Energy Announces First Quarter 2013 Results
Posted On Apr 25 ,2013 - 04:41-PM | by admin

Noble Energy, Inc. (NYSE:NBL) announced today first quarter 2013 net income of $261 million, or $1.45 per share diluted, and net income from continuing operations(1) of $232 million, or $1.28 per shar...

Anadarko Announces Phobos Discovery in the Deepwater Gulf of Mexico
Posted On Apr 25 ,2013 - 04:32-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced its Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet of high-quality oil pay in Lower Tertiary-aged reser...

Dana spuds new exploration well in southern North Sea
Posted On Apr 25 ,2013 - 04:10-PM | by admin

Aberdeen-based Dana Petroleum has spudded a new exploration well in the Southern North Sea from its De Ruyter platform. Dana is drilling the P11-08 exploration well using the jack-up Noble Lynda Boss...

Exxon Mobil Corporation Announces Estimated First Quarter 2013 Results
Posted On Apr 25 ,2013 - 04:52-PM | by admin

EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED: “ExxonMobil achieved strong results during the first quarter of 2013, while investing significantly to develop new energy supplies. ExxonMobil’s...

Repsol makes three oil discoveries in Alaska
Posted On Apr 25 ,2013 - 04:13-AM | by admin

Repsol has completed its winter exploration campaign in Alaska with three new good quality hydrocarbon discoveries, boosting the project to develop the company's reserves in the resource-rich North Sl...

Ivoire-1X exploration well on Block CI-100 encountered a horizon with high-quality oil
Posted On Apr 25 ,2013 - 04:00-AM | by admin

Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cr...

Exxon Mobil Corporation Declares Second Quarter Dividend
Posted On Apr 25 ,2013 - 04:14-AM | by admin

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 63 cents per share on the Common Stock, payable on June 10, 2013 to shareholders of record of Common Stoc...

Chevron Announces 11.1 Percent Increase in Quarterly Dividend
Posted On May 01 ,2013 - 05:32-PM | by admin

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar ($1.00) per share, payable June 10, 2013, to holders of common stock as shown on the transfe...

ExxonMobil Marks World Malaria Day with Renewed Commitment to Combatting Malaria
Posted On Apr 24 ,2013 - 04:17-PM | by admin

ExxonMobil has provided more than $110 million in funding and support; reaching 83 million people since 2000 •Support to continue in 2013 with $10 million in grants for the fight against malaria...

Annual Shareholders’ Meeting (ordinary and extraordinary) on Friday, May 17, 2013
Posted On Apr 24 ,2013 - 04:48-PM | by admin

The Annual Shareholders’ Meeting (ordinary and extraordinary) of TOTAL S.A. will be held at the Palais des Congrès (2, place de la Porte Maillot, 75017 Paris, France) on Friday, May 17, 2013, at 10...

Presentation of the Operational Review to the market by Saipem CEO
Posted On Apr 24 ,2013 - 04:13-PM | by admin

Review identifies causes of margin reduction and actions to be taken •Saipem now optimally positioned to capture market opportunities and deliver margin recovery Umberto Vergine, CEO of Saipem...

Saipem awarded new E&C Offshore contracts worth $500 million in Latin America
Posted On Apr 24 ,2013 - 04:11-PM | by admin

Saipem has been awarded new E&C Offshore contracts in Latin America for the total value of approximately $500 million. In Venezuela, Saipem signed with Cardon IV, a 50/50 joint-venture between Eni ...

Eni successfully completes the Area 4 appraisal plan in Mozambique
Posted On Apr 24 ,2013 - 04:00-PM | by admin

The well results have exceeded expectations and Eni has updated the estimate of the Mamba Complex and Coral discoveries to 80 Trillion cubic feet (Tcf) of gas in place. Eni successfully finalized t...

Eni awarded a deepwater exploration block in Egypt
Posted On Apr 24 ,2013 - 04:37-PM | by admin

Through its fully owned affiliate, IEOC, Eni will act as Operator of Block 9 with 100% equity. Eni was awarded a deepwater exploration block (Block 9) in the Eastern Mediterranean of Egypt within the...

Noble Energy Announces Its First Quarter Results Webcast and Conference Call
Posted On Apr 24 ,2013 - 04:10-PM | by admin

Noble Energy, Inc. (NYSE: NBL) will host its first quarter 2013 results webcast and conference call at 9:00 a.m., Central Time, Thursday, April 25, 2013. The webcast will be accessible on the 'In...

Hess Reports Estimated Results for the First Quarter of 2013
Posted On Apr 24 ,2013 - 04:25-PM | by admin

First Quarter Highlights: Net income increased to $1,276 million, compared to $545 million in the first quarter of 2012 Adjusted earnings increased to $669 million; Adjusted EPS was $1.95 per sh...

Neste Oil's Interim Report for January-March 2013
Posted On Apr 24 ,2013 - 04:38-PM | by admin

Strong first-quarter comparable operating profit of EUR 135 million (Q1/2012: EUR 79 million) · Renewable Fuels recorded a clearly positive comparable operating profit of EUR 26 million (Q1/2012: EU...

African Development Bank to Host the Sustainable Energy for All Initiative’s Africa Hub
Posted On Apr 23 ,2013 - 04:41-PM | by admin

41 African countries have joined the Initiative During the first Advisory Board Meeting of the Sustainable Energy for All (SE4ALL) Initiative, Donald Kaberuka, President of the African Development ...

RWE Dea completed farm-in to West of Shetland Licences
Posted On Apr 23 ,2013 - 04:58-PM | by admin

Farm-in to Licences P1631 and P1832 is completed and the first well is planned to spud in autumn 2013. RWE Dea farm-in licences P1631 / P1832RWE Dea has completed its farm-in to Licences P1631 and P1...

Dana Petroleum appoints new Managing Director in Egypt
Posted On Apr 23 ,2013 - 04:38-PM | by admin

Aberdeen-based Dana Petroleum has appointed Paul Barnett as the new Managing Director of its Egypt business. Paul took up his new position on 15 April. He has over 32 years of international explora...

Chevron Announces Natural Gas Discovery Offshore Australia
Posted On Apr 23 ,2013 - 04:41-PM | by admin

Elfin-1 discovery grows unrivalled natural gas portfolio in Australia Chevron Corporation (NYSE: CVX) today announced further drilling success by its Australian subsidiary in the Exmouth Plateau a...

Dana Gas Shareholders and Sukukholders Approve Sukuk Refinancing
Posted On Apr 23 ,2013 - 04:54-PM | by admin

Sukukholders comprising 99.95% of the holdings of those present voted in favor of the transaction - Delivers strong operating performance, with net profit growth increasing 20% to AED 605 million -...

Eastern Africa resurgence reshapes oil landscape
Posted On Apr 23 ,2013 - 04:47-PM | by admin

4th Eastern Africa Oil, Gas & Energy Conference 2013, held in Nairobi Recent large and world-class gas discoveries in Mozambique and Tanzania, with potential for more to come, and commercial oil flow...

Noble Energy Announces Two-For-One Stock Split And Declares Increased Quarterly Dividend
Posted On Apr 23 ,2013 - 04:07-AM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that its Board of Directors approved a two-for-one split of its common stock in the form of a stock dividend. The additional shares will be distributed ...

French Guiana operational update
Posted On Apr 23 ,2013 - 04:13-AM | by admin

Tullow Oil plc (“Tullow”) provides an update on progress with the Priodontes-1 well, offshore French Guiana. This follows Tullow’s earlier statement on this well issued on 17 April 2013. The...

Pars Oil and Gas Company (POGC) has signed six agreements with domestic companies and contractors
Posted On Apr 22 ,2013 - 04:28-AM | by admin

The first agreement was for drilling four wells in Phase 1 of the giant offshore South Pars gas field for 140 million dollars. It was signed with the National Iranian Drilling Company (NIDC). The d...

Songa Offshore SE : Songa Mercur secures contract with eniVietnam
Posted On Apr 22 ,2013 - 04:09-AM | by admin

Songa Offshore is pleased to announce that a firm contract has been agreed and signed with eniVietnam for the use of Songa Mercur for one firm well offshore Vietnam. The contract will commence in dir...

RPS Group Acquires Knowledge Reservoir
Posted On Apr 20 ,2013 - 04:03-AM | by admin

Knowledge Reservoir, a leading global energy consulting company, announced today its acquisition by RPS Group plc (RPS). RPS is a global, multi-disciplinary consultancy providing advice upon the ex...

Noble Corporation Awarded Contracts for Two Ultra-Deepwater Drillships
Posted On Apr 19 ,2013 - 04:17-PM | by admin

Adds in Excess of $1.3 Billion in Potential Revenue Backlog Noble Corporation (NYSE: NE) today announced that the Company has entered into two (2) three-year term drilling contracts with Plains E...

Significant Gullfaks discovery
Posted On Apr 19 ,2013 - 04:19-AM | by admin

Statoil (OSE:STL, NYSE:STO) and partner Petoro have proven considerable additional resources in the Shetland Group/Lista Formation in the Gullfaks licence. The Shetland Group and the Lista Formatio...

Neste Oil adopts the revised IAS 19 Employee Benefits standard
Posted On Apr 19 ,2013 - 04:12-AM | by admin

As of January 1, 2013, Neste Oil Corporation has adopted the revised IAS 19 Employee Benefits standard. As a result, the Group's operating profit and comparable operating profit for 2012 have increase...

Anadarko Provides East Africa Exploration Update
Posted On Apr 18 ,2013 - 04:45-PM | by admin

Discovers New Natural Gas Field Offshore Mozambique; Encounters Oil Shows Offshore Kenya Anadarko Petroleum Corporation (NYSE: APC) today announced the discovery of a new natural gas accumulation f...

Dana Gas and Crescent Petroleum Sponsor and Participate in UAE Trade Delegation to Iraq
Posted On Apr 18 ,2013 - 04:15-AM | by admin

Companies seek to build on their $1 billion existing investment, and assist in strengthening build new relationships with local leaders Dana Gas, the region’s first regional private-sector natura...

Geofizyka Torun Adds the Paradigm Common Reflection Angle Migration Technology to its Depth Imaging Processing Centre in Poland
Posted On Apr 17 ,2013 - 04:39-PM | by admin

Paradigm and Geofizyka Torun to collaborate on defining new workflows for exploring unconventional shale gas reserves using EarthStudy 360. Paradigm™ (www.pdgm.com) announced today that Geofizyka T...

GE’s Power Conversion Business Signs $80 Million in Additional Contracts for Electric Power and Propulsion Systems of LNG Carriers and FSRU
Posted On Apr 17 ,2013 - 04:30-PM | by admin

GE’s Induction-Based Propulsion Motor Technology Is More Reliable, Helps Reduce Maintenance Costs and Improve Service Life -Orders for Electric Propulsion Systems on 31 Vessels Recently Signed, Rep...

GE Gas Engines to Power New Anti-Malaria Equipment Plant in Nigeria
Posted On Apr 17 ,2013 - 04:04-PM | by admin

Clarke Energy to Supply Three of GE’s Jenbacher J624 and One J612 Gas Engine to Nigerian Medical Equipment Maker IMIL■14-Megawatt Cogeneration Plant to Provide Reliable On-Site Power for IMIL’s ...

GE Oil & Gas to Host Invitational Careers Event at Nailsea Subsea Controls Facility in UK
Posted On Apr 17 ,2013 - 04:07-PM | by admin

GE Oil & Gas (NYSE:GE) today announced that its Subsea Systems business is hosting an invitation-only careers showcase event at its Nailsea subsea controls facility in Bristol this Saturday, April 20....

Tullow Oil plc (“Tullow”) provides an update on progress with the Priodontes-1 well, offshore French Guiana.
Posted On Apr 17 ,2013 - 04:23-PM | by admin

Tullow notes the announcement from its partner, Northern Petroleum plc issued at 11.40am today. This release was issued without prior notice from Northern Petroleum and without the approval of the ope...

Manifa project starts first phase of production
Posted On Apr 17 ,2013 - 04:25-PM | by admin

Saudi Aramco announced the first phase production start-up at the Manifa field commenced on April 10th, 3 months ahead of schedule and well under the program’s approved budget. The Manifa field...

$500 million Financing Facility for Petroceltic International
Posted On Apr 17 ,2013 - 04:17-AM | by admin

Petroceltic International plc ("Petroceltic" or "the Company"), the upstream oil and gas exploration company focused on North Africa, the Mediterranean and the Black Sea regions is pleased to announce...

Technip awarded contract for the P-76 FPSO in Brazil
Posted On Apr 17 ,2013 - 04:58-AM | by admin

Technip, leader of a 50/50 consortium with Techint, was awarded by PNBV(1) a substantial(2) contract for the topside construction and integration, the commissioning and start up assistance of the P-76...

Lebanon Gas Summit
Posted On Apr 17 ,2013 - 04:14-AM | by admin

Summit Gathering Senior Government & Industry Representatives to Discuss the Potential of Lebanon as a Global Gas Supplier The inaugural Lebanon Gas Summit held under the patronage of His Excellenc...

New Mechanical Insulation Measures and Reports Temperatures and Savings
Posted On Apr 16 ,2013 - 04:38-PM | by admin

Smart Jacket from Thermaxx Jackets & EET Adds Digital Insight to Industry Most industrial insulation is a single-function device. It keeps steam components hot or refrigeration units cold and prov...

Anadarko Schedules First-Quarter 2013 Earnings Conference Call for May 7
Posted On Apr 16 ,2013 - 04:35-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) First-Quarter 2013 Results Tuesday, May 7, 2013 9 a.m. CDT (10 a.m. EDT) Dial-in number: 855.812.0464 International dial-in number: 970.300.2271 Con...

Petrofac Emirates awarded US$3.7 billion Abu Dhabi contract
Posted On Apr 16 ,2013 - 04:56-PM | by admin

Petrofac Emirates, has been awarded a contract by Zakum Development Company (ZADCO) for the Upper Zakum, UZ750 field development in Abu Dhabi. The contract is worth approximately US$3.7 billion and h...

Manifa project starts first phase of production
Posted On Apr 16 ,2013 - 04:11-PM | by admin

Saudi Aramco announced the first phase production start-up at the Manifa field commenced on April 10th, 3 months ahead of schedule and well under the program’s approved budget. The Manifa field...

Aker Solutions wins umbilical contract in West Africa
Posted On Apr 16 ,2013 - 04:05-AM | by admin

Aker Solutions has been awarded a contract from Technip to deliver umbilicals for the Girassol Resources Initiative (GirRI) phase 2 development off the coast of Angola. Contract value is undisclosed....

ExxonMobil and Employees Donate $40 Million to U.S. Colleges and Universities
Posted On Apr 16 ,2013 - 04:00-AM | by admin

871 educational institutions to receive funds from a program that matches employee donations •More than $500 million donated since program began in 1962 •Recipient organizations encouraged to ...

EIA launches full release of Annual Energy Outlook 2013
Posted On Apr 16 ,2013 - 04:14-AM | by admin

The U.S. Energy Information Administration (EIA) today begins the full release of Annual Energy Outlook 2013 (AEO2013), expanding on the AEO2013 Reference case highlights that were issued in December ...

Hess Sends Third Letter to Shareholders
Posted On Apr 15 ,2013 - 04:00-PM | by admin

Urges Shareholders to Support Hess’ Successful Execution of Its Transformation to Pure Play E&P Company Recommends Voting the White Proxy Card for the Election of Hess’ New, Highly Qualified, ...

Shell considering the sale of selected downstream businesses in Italy
Posted On Apr 15 ,2013 - 04:44-PM | by admin

Shell today announces that it is considering the sale of its Retail, Aviation, and Supply and Distribution Downstream businesses in Italy. Shell’s non-service station Lubricants and Marine busines...

Tullow Oil plc (“Tullow”) provides an update on progress with the Sabisa-1 well in Ethiopia
Posted On Apr 15 ,2013 - 04:21-AM | by admin

Also announces a successful first flow test of the Ngamia-1 well in Kenya. Ethiopia – Sabisa-1 encounters hydrocarbons requiring logging and further evaluation The Sabisa-1 well in the South Omo...

Technip awarded contract for a sulfur recovery unit modification in Bahrain
Posted On Apr 15 ,2013 - 04:59-AM | by admin

Technip was awarded by the Bahrain Petroleum Company B.S.C. (Closed) – BAPCO, a lump-sum contract for the engineering, procurement, construction, pre-commissioning as well as commissioning and start...

Eni awarded new exploration area in the Timor Sea
Posted On Apr 15 ,2013 - 04:22-AM | by admin

The PSC foresees the commitment to drill two exploration wells during the first two years and separate options for the drilling of two contingent wells. Eni has been awarded a new exploration Prod...

Ecuadorean Environmental Claims Disavowed Under Oath by Plaintiffs' Own Experts
Posted On Apr 12 ,2013 - 04:23-PM | by admin

Stratus Consulting has provided sworn declarations outlining the firm's knowledge of the plaintiffs' lawyers' misconduct in the ongoing environmental litigation in Lago Agrio, Ecuador as well as testi...

Eni's CEO meets the Indonesian Minister of Energy
Posted On Apr 12 ,2013 - 04:59-PM | by admin

Paolo Scaroni updated the Minister of Energy on the progress of ongoing projects, which are considered strategic for both Eni and the Indonesian Republic The Indonesian Minister of Energy, Jero Wac...

Pipelines can preserve their integrity with continuous inspection. The more inspection performed, the lesser the risk
Posted On Apr 12 ,2013 - 04:25-AM | by admin

The recent oil spill last week in Arkansas, USA brought light to the risks involved to pipelines transporting fuel across international borders. The news brought into scrutiny the security and inspect...

Neste Oil to publish its first quarter results on 24 April 2013
Posted On Apr 12 ,2013 - 04:23-AM | by admin

Neste Oil will publish its first quarter 2013 results on Wednesday, 24 April 2013 at approximately 9 a.m. (EET). The release will be available on the Neste Oil website immediately after publishing. ...

Total and Veolia Environnement Inaugurate Osilub Recycling Plant in Normandy (France) that Regenerates Used Oil as High-End Engine Oil
Posted On Apr 12 ,2013 - 04:22-AM | by admin

€55 million invested, of which 35% for local contractors; 45 direct jobs created, 120 during construction; Processing capacity of 120,000 metric tons of oil a year, or nearly 50% of the ...

Hess Schedules Earnings Release Conference Call
Posted On Apr 12 ,2013 - 04:39-AM | by admin

Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 24, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2013 earnings release. To pho...

New state energy portal gives users interactive access to customized maps and charts of state energy data
Posted On Apr 12 ,2013 - 04:54-AM | by admin

The U.S. Energy Information Administration (EIA) has launched the most comprehensive, dynamic, and interactive view of the U.S. government's national and state energy data and information currently av...

Eni/Versalis and Genomatica launch Joint Venture for Bio-based Butadiene production
Posted On Apr 12 ,2013 - 04:04-AM | by admin

The resulting process will be licensed across Europe, Asia and Africa by the newly-created joint venture. Future Licensees of the process, including Versalis, will provide the capital required for the...

Aggreko and Shanduka Recognised for Delivering Africa’s Best Fast Track Power Project
Posted On Apr 11 ,2013 - 04:08-PM | by admin

The power project has been awarded at the Africa Energy Awards The Aggreko Shanduka cross-border power project, located at Ressano Garcia in Mozambique has been awarded Africa’s Best Fast Track P...

Aker Solutions wins contract from Premier Oil
Posted On Apr 11 ,2013 - 04:24-AM | by admin

Aker Solutions has won a contract to provide hook-up, commissioning and facility management services to Premier Oil at the operator's Solan field development, west of Shetland. The hook-up project ...

CME Group Announces Open Interest Record in Benchmark Light Sweet Crude Oil (WTI) Futures
Posted On Apr 10 ,2013 - 04:19-PM | by admin

NYMEX Brent (BZ) Sets Volume Trading Record CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a record in open interest for its global benchmark NYMEX Li...

RWE Dea continues to grow
Posted On Apr 10 ,2013 - 04:32-PM | by admin

Operating result 2012 up to EUR 685 million Capex investments remain at a high level of EUR 658 million Further increase in base of reserves / contingent resources (discovered) Following the succ...

AMEC aims to increase its presence in Brazil
Posted On Apr 10 ,2013 - 04:30-PM | by admin

Since Accelerate Oil & Gas 2013 almost reached a full - house attendance, the event team recently confirmed support of AMEC, internationally recognised company with over 160 years of history, world's ...

Statoil and SOCAR sign MoU to explore new Caspian acreage
Posted On Apr 10 ,2013 - 04:43-AM | by admin

Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani se...

Subsea 7 S.A. awarded contract offshore Brazil
Posted On Apr 10 ,2013 - 04:09-AM | by admin

Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract worth in excess of U$350 million from Petrobras. The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Komman...

Technip and Air Products global hydrogen alliance marks 20 years of success
Posted On Apr 10 ,2013 - 04:35-AM | by admin

Technip and Air Products are celebrating two decades of operational excellence and success to mark the 20-year milestone of the longest and most productive global hydrogen(1) alliance supporting the o...

Paolo Scaroni meets Mozambique Prime Minister Alberto Vaquina
Posted On Apr 09 ,2013 - 04:39-PM | by admin

In Mozambique, Eni is the operator of Area 4 with a 70% participating interest The Prime Minister of the Republic of Mozambique, Alberto Vaquina, and Eni’s CEO, Paolo Scaroni, met today in Rome ...

Wintershall makes progress with Skarfjell
Posted On Apr 09 ,2013 - 04:29-PM | by admin

Appraisal well confirms expectations – resource estimates between 60 and 160 million barrels of oil Wintershall, the largest internationally active German crude oil and natural gas producer, ann...

Sale of Tullow Bangladesh to KrisEnergy
Posted On Apr 09 ,2013 - 04:05-AM | by admin

Tullow Oil plc (Tullow) through its subsidiary, Tullow Oil International Limited, has signed an agreement with KrisEnergy Asia Holdings BV, a subsidiary of KrisEnergy Asia Limited, for the sale of 100...

CNPC and KazMunayGas sign agreement on principles for expanding the Kazakhstan-China Crude Pipeline
Posted On Apr 08 ,2013 - 04:40-AM | by admin

On April 6 in Sanya, Hainan Province, witnessed by Chinese President Xi Jinping and Kazakh President Nursultan Nazarbayev, CNPC President Zhou Jiping and KazMunayGas representative Berlibayev Daniyar ...

Technip awarded the major Moho Nord Subsea project in Congo, West Africa
Posted On Apr 08 ,2013 - 04:36-AM | by admin

Technip was awarded by Total E&P Congo a major(1) lump-sum contract for the engineering, procurement, supply, construction, installation (EPSCI) and pre-commissioning for the Moho Nord development pro...

Complaint Filed to the Court for False Letter Addressed from Eni to I.D.I. by Eni
Posted On Apr 06 ,2013 - 04:35-PM | by admin

Eni filed a complaint to the Court this morning to protect the reputation of the company and its management, highlighting the material falsity of the document and the total groundlessness of its conte...

ExxonMobil to Explore Offshore Liberia Block 13
Posted On Apr 05 ,2013 - 04:09-PM | by admin

Exxon Mobil Corporation (NYSE:XOM) announced today that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80 percent interest in Liberia Block 13 (LB-13), comp...

Further important milestones in the Kurdistan Region of Iraq by OMV
Posted On Apr 05 ,2013 - 04:51-AM | by admin

Bina Bawi - extended well test start up with an initial capacity of approximately 5,000 boe/d Declaration of Commerciality has been submitted to the Ministry of Natural Resources OMV, an integrate...

OANDO ENERGY RESOURCES ANNOUNCES DIRECTOR RESIGNATION
Posted On Apr 05 ,2013 - 04:24-AM | by admin

Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced the resignation of Ian Gray from the Company’s Board o...

OANDO ENERGY RESOURCES ANNOUNCES YEAR END RESULTS & RESERVES UPDATE
Posted On Apr 05 ,2013 - 04:34-AM | by admin

Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced financial and operating results for the year ended Decem...

Neste Jacobs and Roal sign a contract to expand enzyme production plant
Posted On Apr 05 ,2013 - 04:12-AM | by admin

Technology, engineering and project management company Neste Jacobs Oy and enzyme company Roal Oy have signed a contract covering the expansion of the existing enzyme production plant in Rajamäki, Fi...

Neste Oil's Stakeholder Advisory Panel appointed
Posted On Apr 05 ,2013 - 04:44-AM | by admin

Neste Oil's Board of Directors has invited representatives of the company's stakeholders to join a Stakeholder Advisory Panel that has been established to promote discussion between Neste Oil and its ...

Knowledge Reservoir Appoints Vice-President, Reservoir Management
Posted On Apr 05 ,2013 - 04:11-AM | by admin

Knowledge Reservoir, a leading global energy consulting company, today announced the appointment of Charles “Chuck” Severson to the position of Vice-President, Reservoir Management. Severson will...

Petrobras Clarification about asset sales
Posted On Apr 04 ,2013 - 04:00-PM | by admin

Petróleo Brasileiro S.A. – Petrobras clarifies about news issued by the press regarding asset sales. As released to the market on March, 15th, 2013, in its 2013-2017 Business and Management Plan...

Carla exploration well commences in Block I, Equatorial Guinea
Posted On Apr 04 ,2013 - 04:53-PM | by admin

PA Resources advises that the Noble Energy-operated I-7 exploration well on the Carla South exploration prospect in Block I (PA Resources 5.7%) was spudded by the Atwood Hunter semi-submersible drilli...

Neste Oil's Annual General Meeting
Posted On Apr 04 ,2013 - 04:43-PM | by admin

Decisions taken by Neste Oil's Annual General Meeting Neste Oil Corporation's Annual General Meeting (AGM) was held today at the Finlandia Hall and adopted the company's financial statements and co...

Noble Energy Announces Production From Tamar And An Increase In Resource Estimate
Posted On Apr 04 ,2013 - 04:57-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that the Tamar natural gas field offshore Israel has been successfully brought online with all five of the subsea wells now producing at stable rates tot...

Petrofac Awarded US$500 Million Offshore Project in Abu Dhabi
Posted On Apr 04 ,2013 - 04:13-AM | by admin

Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, o...

FMC Technologies Receives $96 Million Subsea Equipment Order for Statoil's Smorbukk South Extension Project
Posted On Apr 04 ,2013 - 04:12-AM | by admin

FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Statoil (NYSE: STO) for subsea equipment for the Smorbukk South Extension Project. The order has an estimated valu...

GE to Build Oil & Gas Global Research Center in Oklahoma
Posted On Apr 04 ,2013 - 04:12-AM | by admin

$110 Million Investment to Drive Best-In-Class Technology, Create 125 High-Tech Jobs ■ New center to develop innovative technologies in oil and gas sector ■ Strengthen GE’s Oil & Gas busi...

GE Wins More than $600 Million in Contracts to Support Expansion of Brazil’s Pre-Salt Oil and Gas Fields
Posted On Apr 04 ,2013 - 04:45-AM | by admin

Contracts Signed to Date are Worth More than $600 Million - GE Will Build Propulsion, Dynamic Positioning, Vessel Automation and Drilling Systems for at Least 22 Drillships and Semi-Submersibles Des...

Neste Oil uses tall oil pitch to produce traffic fuel
Posted On Apr 04 ,2013 - 04:14-AM | by admin

Neste Oil is the first company in the world to begin using tall oil pitch as a feedstock for refining into traffic fuel. Up until now, it has not been possible to use tall oil pitch, a residue produce...

Songa Offshore SE : March fleet update
Posted On Apr 04 ,2013 - 04:50-AM | by admin

Songa Venus achieved an operating efficiency of 99% during the month continuing working for Petronas Carigali in Malaysia. The rig is currently underway to Labuan Malaysia where it will undertake regu...

Shell announces Geelong Refinery for sale
Posted On Apr 04 ,2013 - 04:31-AM | by admin

Shell Australia today announced its Geelong Refinery is for sale. The proposed sale of the 120 kb/d refinery is in line with Shell’s global strategy to concentrate investment on large scale sites,...

Neste Oil to work closer with its stakeholders to protect the world's rainforests
Posted On Apr 04 ,2013 - 04:53-AM | by admin

Neste Oil is to strengthen its commitment to procuring sustainable renewable raw materials by beginning a program of close cooperation with The Forest Trust (TFT), a non-profit organization focused on...

Newfield Exploration Announces Significant Discovery Offshore Malaysia
Posted On Apr 03 ,2013 - 04:46-PM | by admin

Provides Update on Process to Explore "Strategic Alternatives" for International Businesses Newfield Exploration Company (NYSE: NFX) today announced a significant natural gas discovery on the Bloc...

Scottish Labour Leader visits Dana Petroleum
Posted On Apr 03 ,2013 - 04:40-AM | by admin

Johann Lamont MSP, Leader of the Scottish Labour Party, visited Dana Petroleum yesterday (2 April) to find out more about Dana’s future plans both in the North Sea and internationally. She was ac...

Chevron First Quarter 2013 Earnings Conference Call
Posted On Apr 02 ,2013 - 04:22-PM | by admin

Chevron Corporation (NYSE:CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, April 26, 2013, at 11:00 a.m. ET (8:00 a.m. PT). Confer...

Roxtec To Exhibit At OTC In Houston
Posted On Apr 02 ,2013 - 04:07-PM | by admin

Roxtec continues to expand its product offerings to provide cable and pipe installers in the oil and gas industries new and better solutions. The Roxtec BG™ (Bonding & Grounding) solution is a dire...

Technip, in consortium with JGC, awarded the Yamal LNG project in Russia
Posted On Apr 02 ,2013 - 04:00-PM | by admin

Technip, leader of a consortium with JGC, was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%), a contract to carry out the engineering, procurement, supply, construction and commissio...

17 anchor companies are participating in the round-table networking sessions
Posted On Apr 02 ,2013 - 04:13-PM | by admin

Participation of 17 anchor companies confirmed for the round-table networking sessions Accelerate Oil & Gas team confirmed the participation of 17 anchor companies to take part in the round-table netw...

CME Group Volume Averaged 12.5 Million Contracts per Day in March 2013
Posted On Apr 02 ,2013 - 04:15-AM | by admin

FX volume up 14 percent - Equities volume up 13 percent - First-quarter volume averaged 12.5 million contracts per day, up 1 percent, with 4 of 6 product lines up year-over-year CME Group, the wo...

Neste Oil's sale of its Polish retail stations to Shell closed
Posted On Apr 02 ,2013 - 04:14-AM | by admin

The Polish competition authorities have approved Neste Oil's sale of its Polish station network (Neste Polska SP, Z.O.O.) to Shell. The transaction covers a total of 105 unmanned stations and marks th...

Oil and gas exploration focus on Western Africa
Posted On Apr 02 ,2013 - 04:08-AM | by admin

19th Western Africa Oil, Gas & Energy Conference 2013, held in Windhoek With an interior domain across 27 countries, covering one half of the African land mass, and a offshore potential from Morocc...

Shell ready to invest several hundred million dollars in promising technology companies
Posted On Apr 02 ,2013 - 04:32-AM | by admin

Shell is ready to invest several hundred million dollars in emerging technology companies, with the aim to accelerate the deployment of innovations that add value to the company’s operations. From s...

Heritage Oil Enhances Exploration Portfolio With A Farm-in Agreement in Papua New Guinea
Posted On Apr 02 ,2013 - 04:10-AM | by admin

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Heritage Oil Plc (TSX:HOC)(LSE:HOIL) ("Heritage" or the "Company"), an indep...

Schlumberger Issues Venezuela Update
Posted On Apr 01 ,2013 - 04:53-PM | by admin

Schlumberger CEO Paal Kibsgaard commented, “In Venezuela, after meetings with PDVSA, the collections have improved to the point that we will recognize all revenue associated with our first-quarter o...

Gazprom and Total discuss cooperation in Bolivia
Posted On Apr 01 ,2013 - 04:56-PM | by admin

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman and CEO of Total. The meeting was parti...

Hess Announces Sale of Its Interest in Russia
Posted On Apr 01 ,2013 - 04:16-PM | by admin

Hess Corporation announced today it has entered into an agreement with OAO LUKOIL to sell 100 percent of its Russian subsidiary Samara-Nafta for a total consideration of $2.05 billion. Based on its 90...

SEFA and Partners Launch Competition for Clean Energy Entrepreneurs in West Africa
Posted On Mar 29 ,2013 - 03:25-AM | by admin

The Sustainable Energy Fund for Africa (SEFA) and its partners has launched a business plan competition called the West Africa Forum for Clean Energy Financing (WAFCEF/the Forum) to identify promising...

Roc Oil drilling activity update (WEST ACIS-2)
Posted On Mar 29 ,2013 - 03:19-AM | by admin

BALAI CLUSTER APPRAISAL DRILLING ROC advises that BC Petroleum Sdn Bhd ("BCP"), the company incorporated to operate and manage the Balai Cluster Risk Service Contract ("RSC") in Malaysia, commenced d...

JOGMEC Provides Equity Financing to JAPEX's Shale Gas Development Project in British Columbia, Canada
Posted On Mar 29 ,2013 - 03:23-AM | by admin

JOGMEC (President: Hirobumi Kawano) announced today that it will provide equity financing to JAPEX Montney Ltd., established by Japan Petroleum Exploration Co., Ltd. (JAPEX), which will acquire a 10% ...

Petrobras February oil and gas production
Posted On Mar 29 ,2013 - 03:38-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that, in February 2013, total production of oil and natural gas in Brazil reached 2,316 thousand barrels of oil equivalent per day (boed). Including t...

Zion Oil and Gas Launches Dividend Reinvestment and Direct Stock Purchase Plan
Posted On Mar 28 ,2013 - 03:58-PM | by admin

Zion Oil & Gas, Inc. (NASDAQ GM: ZN) today announced the introduction of a Dividend Reinvestment and Common Stock Purchase Plan for existing shareholders and prospective investors. The Plan allows inv...

Hess Closes Sale of Interest in ACG Fields to ONGC Videsh
Posted On Mar 28 ,2013 - 03:29-PM | by admin

Hess Corporation (NYSE: HES) announced today it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC p...

Knowledge Reservoir Unveils Integrated Approach to Developing Unconventional Resources.
Posted On Mar 28 ,2013 - 03:08-PM | by admin

Knowledge Reservoir, a leading global energy consulting company, today announced an approach that will integrate several technology and expertise elements with the objective of promoting better exploi...

Chevron and Chubu Electric Sign Wheatstone LNG Agreements
Posted On Mar 28 ,2013 - 03:09-PM | by admin

Agreements to supply 1 million tons annually from Wheatstone Project for 20 years Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiaries have signed binding long-term Sal...

BP, Shell, ConocoPhillips and Chevron proceed with programme to expand the Clair oilfield in the Atlantic Ocean
Posted On Mar 28 ,2013 - 03:58-PM | by admin

Greater Clair Appraisal Programme Approved BP and its co-venturers Shell, ConocoPhillips and Chevron announced today their decision to proceed with a two-year appraisal programme to look at the p...

BP Successfully Completes Flow Test of Itaipu-1A Well, Offshore Brazil
Posted On Mar 28 ,2013 - 03:21-PM | by admin

BP announced that it has completed a successful flow test of the Itaipu-1A discovery well offshore Brazil. The drill stem test was the latest activity in the ongoing appraisal programme at the BP-...

RWE Dea enters West of Shetland Licences
Posted On Mar 28 ,2013 - 03:23-AM | by admin

RWE Dea has reached an agreement with Valiant Causeway to farm-in to Licences P1631 and P1832, and participate in the drilling of the Handcross prospect in the UK Continental Shelf (UKCS), West of She...

Elementary School Teachers to Attend Mickelson ExxonMobil Teachers Academy
Posted On Mar 28 ,2013 - 03:57-AM | by admin

Two hundred elementary school teachers from across the United States have been selected to attend the 2013 Mickelson ExxonMobil Teachers Academy, a professional development program designed to enhance...

Total sells its 49% interest in the Voyageur Upgrader project to partner Suncor Energy
Posted On Mar 28 ,2013 - 03:56-AM | by admin

Following the decision not to proceed with the Voyageur Upgrader project located in Northern Alberta, Total announces that it has reached an agreement to sell its entire 49% interest in the Voyageur U...

InterOil Completes Farm-In Transacation with Pacific Rubiales Energy in Papua New Guinea
Posted On Mar 27 ,2013 - 03:04-PM | by admin

InterOil Corporation (NYSE: IOC) (POMSoX: IOC) (“InterOil” or the “Company”) is pleased to announce that it has completed the farm-in transaction with Pacific Rubiales Energy Corp. (TSX: PRE; ...

Oil discovery in Denmark
Posted On Mar 27 ,2013 - 03:04-PM | by admin

Wintershall announces oil discovery in Denmark Expectations for Hibonite well around 100 million barrels oil in place Wintershall, the largest internationally active German crude oil and natural...

Dow Announces Start Up of New Photovoltaic Film Production Line in Schkopau, Germany
Posted On Mar 27 ,2013 - 03:46-PM | by admin

he ENLIGHT™ Polyolefin Encapsulant Film production line in Schkopau, Germany, has been completed and the first commercial quantities have been shipped to customers. This expansion not only marks a s...

ENI-ENEL Agreement on e-mobility signed
Posted On Mar 27 ,2013 - 03:36-PM | by admin

The Chief Executive Officer and General Manager of Enel, Fulvio Conti, and the Chief Executive Officer of Eni, Paolo Scaroni, today signed in Rome a letter of intent on cooperation for electric mobili...

Aker Solutions receives second call-off from Petrobras
Posted On Mar 27 ,2013 - 03:47-AM | by admin

Aker Solutions has received a second call-off order from Petrobras for the delivery of subsea equipment for the Sapinhoá and Lula Nordeste pre-salt field developments in Brazil. The contract is a cal...

Aker Solutions awarded frame agreement with Petrobras
Posted On Mar 27 ,2013 - 03:59-AM | by admin

Aker Solutions has entered a frame agreement with Petrobras to provide subsea equipment for the oil company's deepwater pre-salt field developments in Brazil. The contract value is approximately NOK 4...

FINEP aims to stimulate innovation for productive chain of the oil & gas sector
Posted On Mar 26 ,2013 - 03:52-PM | by admin

The Brazilian Innovation Agency FINEP aims to stimulate innovation for productive chain of the oil & gas sector The Brazilian Innovation Agency confirmed its sponsorship of the Accelerate Oil & Gas...

CME Group Announces Commodity Trading Challenge Winners
Posted On Mar 26 ,2013 - 03:26-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced the winners of the 2013 Commodity Trading Challenge. The four-week electronic trading competition allowed teams...

Future energy potential in North-Africa and Middle East
Posted On Mar 26 ,2013 - 03:21-AM | by admin

10th Maghreb, Mediterranean, MidEast Upstream Conference 2013 in Paris With oil prices and production still going up, North Africa and the Greater Middle East remain the key anchor area in the world...

Neste Shipping completes its statutory employer-employee negotiations
Posted On Mar 26 ,2013 - 03:11-AM | by admin

Neste Oil's shipping subsidiary, Neste Shipping Oy, has completed the statutory employer-employee negotiations initiated on 4 February this year. Following the negotiation process, Neste Shipping has ...

Tullow oil Strategy and 2012 operational highlights
Posted On Mar 25 ,2013 - 03:07-PM | by admin

We made good strategic and operational progress in 2012. Highlights include opening a new basin in Kenya, putting production growth back on track with the successful remediation of the Jubilee field i...

Neste Oil is Finnish company registered in Finland
Posted On Mar 25 ,2013 - 03:23-PM | by admin

Recent comments in the Finnish media have given the impression that Neste Oil is registered in Bermuda, one of the world's tax havens. This is not the case, however, as Neste Oil is a Finnish company ...

Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico
Posted On Mar 25 ,2013 - 03:10-PM | by admin

Coronado prospect adds to Chevron's deepwater portfolio in prolific Lower Tertiary Trend Chevron Corporation (NYSE: CVX) has announced an oil discovery at the Coronado prospect in the deepwater U....

Mubadala Petroleum Awarded West Sebuku PSC in Indonesia
Posted On Mar 25 ,2013 - 03:19-AM | by admin

Mubadala Petroleum announces that, in partnership with INPEX CORPORATION (INPEX), it has been awarded the Production Sharing Contract (PSC) for the West Sebuku block by the Director General of Oil & G...

The Board of Afren plc (“Afren” or “the Group”) announces results for the year ended 31 December 2012
Posted On Mar 25 ,2013 - 03:54-AM | by admin

Key highlights Record financial results driven by strong production growth (+123%); FY 2013E net production expected to average 40,000 to 47,000 boepd (excluding Barda Rash) Significant explora...

Aker Solutions awarded Moho contract
Posted On Mar 25 ,2013 - 03:47-AM | by admin

Aker Solutions, the international oil services provider, has received a Letter of Award from Total for the delivery of a subsea production system for the Moho Nord project in the Republic of the Congo...

Rosneft and BP Complete TNK-BP Sale and Purchase Transaction
Posted On Mar 21 ,2013 - 03:43-PM | by admin

Rosneft and BP today completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: -BP receives net $12.48 billion in cash, including a TNK...

BP to Buy Back $8 billion of Shares, Returning its 2003 Investment in TNK-BP to Shareholders
Posted On Mar 22 ,2013 - 03:24-PM | by admin

BP announced today that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yest...

Rosneft completes buyout of 100% stake in TNK-BP
Posted On Mar 22 ,2013 - 03:48-PM | by admin

Rosneft completed the takeover of 100% stock in TNK-BP today at 15:53 Moscow time. The transaction was carried out simultaneously in different corners of the globe, including the Caribbean Islands,...

Chevron Makes Final Investment Decision on Moho Nord Joint Development Offshore Republic of the Congo
Posted On Mar 22 ,2013 - 03:54-PM | by admin

Deepwater projects are latest investment in strategic region Chevron Corporation (NYSE: CVX) announced that its subsidiary Chevron Overseas (Congo) Limited will proceed with the joint development ...

Dana Petroleum backs Fabric of the Land exhibition
Posted On Mar 22 ,2013 - 03:41-PM | by admin

An exhibition which explores the relationship between art, science and geology is to be sponsored by Aberdeen-based Dana Petroleum. Dana is pleased to announce its support of this year’s Fabric of ...

Total Launches Moho Nord Development in the Republic of the Congo
Posted On Mar 22 ,2013 - 03:27-PM | by admin

Total, operator of the Moho-Bilondo license, today announces the final investment decision and EPC contract awards for the Moho Nord development, consisting of the Moho-Bilondo Phase 1bis and Moho Nor...

ONGC strikes three significant Oil & Gas Discoveries
Posted On Mar 22 ,2013 - 03:03-AM | by admin

Plans to invest over Rs. 4050 crore to upgrade Arabian Sea facilities In its 241st Meeting on 20th March, 2013, ONGC Board took note of three significant new discoveries which have been notified: ...

Gazprom will work out an action plan on streamlining gas market and launching well-coordinated gas trade
Posted On Mar 22 ,2013 - 03:34-AM | by admin

The Gazprom Management Committee took note of the information regarding exchange trade in gas and the Electronic Trading Platform (ETP) development at Gazprom Mezhregiongaz. It was noted that succe...

Eni awarded five offshore exploration blocks in the Gulf of Mexico
Posted On Mar 22 ,2013 - 03:41-AM | by admin

The blocks are located in Mississippi Canyon and Desoto Canyon in water depths from 1,400 feet (around 400 meters) to 8,000 feet (around 2500 m) and they consolidates Eni’s acreage position in two k...

Brazil’s 11th petroleum bidding rounds to be held a week before Accelerate Oil & Gas 2013 Expo-Forum
Posted On Mar 22 ,2013 - 03:15-AM | by admin

National Agency of Petroleum, Natural Gas and Biofuels (ANP) officially released the 11th round bids which expected to put Brazil back on the map of international bidding rounds. The 11th round bids w...

Paradigm Expands EarthStudy 360 Services Offering
Posted On Mar 21 ,2013 - 03:17-PM | by admin

Paradigm experts collaborate with customers to perform full-azimuth imaging and characterization of their subsurface assets. Paradigm™ (www.pdgm.com) is expanding its service offering for its pr...

Investment Promotion Agency of the State Government announces its support of Accelerate Oil & Gas 2013
Posted On Mar 21 ,2013 - 03:31-PM | by admin

Investment Promotion Agency of Sao Paolo, Investe SP, linked to the Department of Economic Development, Science and Technology confirmed to support Accelerate Oil & Gas 2013 expo-forum which will be h...

Total inaugurates its new Pangea supercomputer, ranking it among the global top ten in terms of computing power
Posted On Mar 21 ,2013 - 03:51-AM | by admin

Total is inaugurating tomorrow, Friday, March 22, 2013, the new high-performance computer of its Scientific and Technical Centre in Pau which now ranks the Group among the top ten international compan...

GE Awarded US$620 Million Services Contract in Australia for QGC
Posted On Mar 21 ,2013 - 03:38-AM | by admin

Innovative Technology Services Key to Long-Term Plant Reliability - QGC Building the World’s First Facility to Turn Coal Seam Gas into LNG - GE Regional, Global Resources to Support Project GE ...

Gasol plc enters into an unsecured convertible loan agreement with Socar Trading S.A. (“STSA”)
Posted On Mar 20 ,2013 - 03:57-PM | by admin

US$1 million Convertible Unsecured Loan from Socar Trading S.A. and Letter of Undertaking Gasol plc, the West African energy development company, is pleased to announce that it has entered into an un...

BM&FBOVESPA to Start Trading Crude Oil Derivatives Contract on June 21
Posted On Mar 20 ,2013 - 03:39-PM | by admin

Energy commodities portfolio to receive cash-settled mini Crude Oil futures contract that references the settlement price of CME Group's NYMEX Crude Oil futures contract BM&FBOVESPA will launch a n...

Investment decision for Smørbukk South Extension
Posted On Mar 20 ,2013 - 03:32-PM | by admin

Statoil and the partners in the Åsgard Unit have today decided to realise the Smørbukk South Extension project. Smørbukk South Extension holds estimated recoverable reserves of 16.5 million bar...

Dana Petroleum partners with RWE to drill new exploration well in Southern North Sea
Posted On Mar 20 ,2013 - 03:20-AM | by admin

Aberdeen-based Dana Petroleum is partnering with RWE to start drilling operations on a prospect in the Southern North Sea. The companies are targeting the Severn prospect in blocks 43/17a, 43/18a w...

New high-impact discovery offshore Tanzania
Posted On Mar 20 ,2013 - 03:14-AM | by admin

Statoil and co-venturer ExxonMobil are pleased to announce their third high impact discovery in Block 2 offshore Tanzania in a year. The discovery of 4-6 TCF of natural gas in place in the Tangawizi-1...

Wood Group wins multiple contracts in Africa
Posted On Mar 20 ,2013 - 03:44-AM | by admin

Wood Group has secured 11 new contracts in Africa totaling approximately $240 million. The contracts were awarded over the last 12 months to Wood Group PSN, Wood Group GTS and Wood Group Mustang for p...

Offshore Colombia win for Wood Group PSN
Posted On Mar 20 ,2013 - 03:41-AM | by admin

Wood Group PSN (WGPSN) is delivering operations and maintenance services to Chevron’s offshore production facilities under a new $17.5 million (USD) contract. Wood Group PSN will provide service...

HRT O&G spuds well 1-HRT-11-AM
Posted On Mar 20 ,2013 - 03:31-AM | by admin

HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) announces that its wholly-owned subsidiary HRT O&G Exploração e Produção de Petróleo Ltda ("HRT O&G...

CME Group Announces Open Interest Records in Henry Hub Natural Gas
Posted On Mar 20 ,2013 - 03:35-AM | by admin

Natural Gas Financial Futures on CME Globex Trade at Record Volumes CME Group, the world's leading and most diverse derivatives marketplace, announced it reached two consecutive records in open int...

Anadarko Announces Shenandoah Appraisal Well Encounters More Than 1,000 Net Feet of Oil Pay
Posted On Mar 20 ,2013 - 03:53-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced its Shenandoah-2 well in the deepwater Gulf of Mexico encountered more than 1,000 net feet of oil pay in multiple high-quality Lower Tertiary...

Petrobras , BG E&P Brasil and Petrogal Brasil announce negotiations for contracting 2 new FPSOs for Lula Alto and Lula Central áreas
Posted On Mar 19 ,2013 - 03:18-PM | by admin

Petróleo Brasileiro S.A. – Petrobras and its Block BM-S-11 partners, BG E&P Brasil and Petrogal Brasil, announces negotiations are underway for the contracting with consortium QGOG/SBM (Queiroz Gal...

Versalis signs agreement with Pirelli for joint research project on guayule-based natural rubber
Posted On Mar 19 ,2013 - 03:28-AM | by admin

Versalis will provide an innovative range of guayule-based natural rubber materials, while Pirelli will carry out trial tests to validate the performance of the materials for tire production. Versa...

CME Clearing Europe Expands Services with Introduction of Interest Rate Swaps
Posted On Mar 18 ,2013 - 03:22-PM | by admin

CME Clearing Europe, CME Group's European clearing house, today announced that it has received FSA approval and launched real-time, open access clearing of Interest Rate Swaps (IRS). This is the first...

US$ 1 billion Invested in Dana Gas and Crescent Petroleum Kurdistan Operations
Posted On Mar 18 ,2013 - 03:57-PM | by admin

Total 79 million barrels oil equivalent produced since Oct 2008 Production rate of 88,000 barrels oil equivalent achieved Dana Gas PJSC, the Middle East’s leading private-sector natural gas com...

Total Sells 25% Interest in Italy's Tempa Rossa Field to Mitsui
Posted On Mar 18 ,2013 - 03:26-PM | by admin

Total today announces that it has finalized an agreement to sell a 25% interest in the Tempa Rossa field, located in the Basilicata region of southern Italy, to Mitsui E&P Italia A S.r.l. The Group i...

RWE Dea makes concept selection for PL435 Zidane in Norway
Posted On Mar 18 ,2013 - 03:40-PM | by admin

RWE Dea Norge, operator of production license (PL) 435 Zidane and partners, reached a decision on the concept selection for the field development project. The concept consists of a tie-in to the platf...

Launch of Shams 1, The World’s Largest Concentrated Solar Power Plant
Posted On Mar 18 ,2013 - 03:05-AM | by admin

The inauguration of Shams 1, a 100-megawatt solar thermal plant, is a major milestone in the development and deployment of renewable energy in the Middle East. Masdar, along with its partners, tod...

New oil discovery offshore Angola
Posted On Mar 15 ,2013 - 03:44-PM | by admin

This discovery confirms Angola as one of the core countries in Eni's organic growth strategy. Eni has been present in the country since 1980 with a net production of 102,000 barrels per day in 2011. ...

Statoil secures exploration rig capacity
Posted On Mar 15 ,2013 - 03:29-PM | by admin

Statoil has secured the Stena Carron rig for high-impact opportunities supporting the company’s international growth ambitions. Statoil has signed a three year contract for the Stena Carron drill...

Power outage on Oseberg field centre resulted in gas leak
Posted On Mar 15 ,2013 - 03:34-PM | by admin

On Thursday afternoon, 14 March, there was a power outage on board the Oseberg field centre in the North Sea. The power outage led to a gas leak, which has been stopped. The field centre has subsequen...

GE Power Conversion to Supply One of the World’s Most Advanced Wind Turbine Test Facilities
Posted On Mar 15 ,2013 - 03:30-PM | by admin

Advanced Nacelle Test Bench Will Enable Fault Ride-through Tests and Grid Simulation ■Equipment Incorporates GE’s Innovative Direct Drive Permanent Magnet Motor and Flexible Modular Inverter Syst...

Molly K. Williamson Elected To Noble Energy, Inc. Board
Posted On Mar 15 ,2013 - 03:42-PM | by admin

Noble Energy, Inc. (NYSE:NBL) announced today that its Board of Directors elected Molly K. Williamson to its board, increasing the number of directors to ten. Ms. Williamson is currently a scholar ...

People expect technology to be the key to more environmentally friendly traffic and transport
Posted On Mar 15 ,2013 - 03:42-AM | by admin

Neste Oil survey - Finns spend less time commuting than people in seven other countries A questionnaire-based survey* commissioned by Neste Oil and carried out in eight countries highlights the i...

Aker Solutions signs umbilical contract with ExxonMobil
Posted On Mar 15 ,2013 - 03:47-AM | by admin

Aker Solutions has signed a contract with ExxonMobil for the supply of subsea umbilicals for the Erha North phase 2 development in Nigeria. The Erha North Phase 2 development is an extension of the...

CME Group Announces Open Interest in NYMEX Brent (BZ) Crude Oil Futures Surpasses 50,000 Contracts
Posted On Mar 14 ,2013 - 03:07-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a record in open interest for its NYMEX Brent (BZ) crude oil futures contract yesterday, March 13, 2013. O...

Eni 2013-2016 Strategic Plan Well positioned to deliver growth and returns
Posted On Mar 14 ,2013 - 03:34-PM | by admin

Paolo Scaroni, CEO of Eni, today presents the company’s 2013-2016 Strategic Plan to the financial community. E&P: exceptional growth opportunities ■ > 4% hydrocarbon production CAGR to 2016, >...

Shell files Annual Report and Form 20-F with SEC
Posted On Mar 14 ,2013 - 03:13-PM | by admin

Royal Dutch Shell plc filed its Annual Report on Form 20-F for the year ended December 31, 2012 with the U.S. Securities and Exchange Commission. The 2012 Annual Report and Form 20-F can be downloa...

Aggreko to Supply 122 MW of Cross-Border Power to Mozambique and Namibia
Posted On Mar 14 ,2013 - 03:11-AM | by admin

Aggreko solution will help satisfy the growing power demands of Southern Africa Aggreko (http://www.aggreko.com) is pleased to announce that it has signed Tri-Party Power Purchase Agreements (TPPA)...

Eni sells a 20% share of Area 4 in Mozambique to CNPC
Posted On Mar 14 ,2013 - 03:34-AM | by admin

and signs a Joint Study Agreement for cooperation for the development of the Rongchang shale gas block in China CNPC's entrance into Area 4 is strategically important for the project thanks to the...

Eni announces first production from the Junin-5 giant heavy oil field in Venezuela
Posted On Mar 13 ,2013 - 03:47-PM | by admin

The block is located around 550 kilometers south east of Caracas and covers an area of approximately 425 square kilometers. PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has sta...

Noble Energy Announces Its First Quarter Results Webcast and Conference Call
Posted On Mar 13 ,2013 - 03:39-PM | by admin

Noble Energy, Inc. (NYSE: NBL) will host its first quarter 2013 results webcast and conference call at 9:00 a.m., Central Time, Thursday, April 25, 2013. The webcast will be accessible on the 'In...

Schneider Electric Inaugurates the Electrification of the Village of Pitti Gare in Cameroon
Posted On Mar 13 ,2013 - 03:51-PM | by admin

Schneider Electric (http://www.schneider-electric.com), the market leader in energy management with operations in more than 100 countries, inaugurated the BipBop electrification project in the village...

Brazil’s 11th petroleum bidding round to be held a week before Accelerate Oil & Gas 2013 Expo-Forum
Posted On Mar 13 ,2013 - 03:18-AM | by admin

National Agency of Petroleum, Natural Gas and Biofuels (ANP) officially released the 11th round bids which expected to put Brazil back on the map of international bidding rounds. The 11th round bids w...

Gas Production from Methane Hydrate Layers Confirmed
Posted On Mar 13 ,2013 - 03:06-AM | by admin

Japan Oil, Gas and Metals National Corporation (“JOGMEC”, Headquarter: Minato-ku, Tokyo, President: Hirobumi Kawano), which has been conducting preparation works for the first offshore production ...

Eni signs with Ascopiave a Letter of Intent for the development of a partnership for gas and electricity sales
Posted On Mar 13 ,2013 - 03:20-AM | by admin

The companies will share their experience, so the Partnership will be able to improve the quality of the products and customer service Ascopiave S.p.A. and Eni S.p.A. have signed a Letter of Inten...

Positive test results from the Simrit-2 well on the Ain Sifni Block, Kurdistan Region of Iraq
Posted On Mar 13 ,2013 - 03:56-AM | by admin

Afren plc (“Afren” or the “Group”) announces an update on the on-going testing programme on the Hunt Oil Middle East (HOME) operated Simrit-2 well, yielding incremental flow rates of 5,368 bop...

Aker Solutions set to support redevelopment of landmark subsea field
Posted On Mar 13 ,2013 - 03:11-AM | by admin

Aker Solutions, the international oil services provider, has secured a NOK 650 million (GBP 70 million) contract with BP to help redevelop one of the largest oil fields in the UK sector. The Aberdeen...

Technip acquires Norvegian engineering company Ingenium AS
Posted On Mar 13 ,2013 - 03:57-AM | by admin

Technip announces the acquisition of Ingenium AS, a highly-experienced offshore engineering and services contractor located in Oslo, Norway. Ingenium AS designs and develops mechanical and electro-hyd...

CME Group Announces Open Interest Record in Benchmark Light Sweet Crude Oil (WTI) Futures
Posted On Mar 12 ,2013 - 03:49-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a record in open interest for its global benchmark NYMEX Light Sweet Crude Oil (WTI) futures contracts yes...

Total resumes production from the Elgin/Franklin area in the UK North Sea
Posted On Mar 12 ,2013 - 03:44-PM | by admin

Total announces the restart of production on the Elgin/Franklin area on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE). Production resumes graduall...

OTC Announces 2013 Spotlight On New Technology Award Recipients
Posted On Mar 12 ,2013 - 03:36-PM | by admin

Winners Recognized for Innovative Products for Offshore Exploration and Production The Offshore Technology Conference (OTC), which takes place 6– 9 May in Houston, has announced 15 technologies ...

Chevron Reaffirms 2017 Production Target, Highlights Future Growth
Posted On Mar 12 ,2013 - 03:33-PM | by admin

Upstream major capital projects remain on track, active exploration program continues • Downstream completes three-year restructuring plan, focus turns to targeted growth in petrochemicals and lub...

Wintershall continues to grow at the source
Posted On Mar 12 ,2013 - 03:22-AM | by admin

Record earnings again at 1.2 billion euros • Oil and gas production reach a new high • Strategic partnerships expanded successfully Kassel. Germany’s largest internationally active crude oi...

Caixa Economica Federal and FIRJAN are sponsoring a major industry event Accelerate Oil & Gas 2013
Posted On Mar 11 ,2013 - 03:35-PM | by admin

Caixa Economica Federal and FIRJAN announced their participation as sponsors of the major industry event Accelerate Oil & Gas 2013 which will be taking place on 21-22 May, at the Windsor Barra Hotel, ...

Libyan Prime Minister,Minister meet with Eni’s CEO
Posted On Mar 11 ,2013 - 03:24-PM | by admin

Ali Zidan, Abdelbari Al Arusi, Nuri Balrwin and Paolo Scaroni meet in Tripoli During the meeting the parties shared the restart of Libyan gas exports to Italy from the Mellitah plant, which occurred ...

ExxonMobil Starts Production From Telok Gas Field
Posted On Mar 11 ,2013 - 03:42-PM | by admin

Project delivered on schedule and within budget ExxonMobil has started production from the Telok natural gas field, located offshore Malaysia in the South China Sea. “The Telok development will h...

Alliance Oil Operational update for February 2013
Posted On Mar 11 ,2013 - 03:26-PM | by admin

Alliance Oil Company’s average daily oil and gas production for February 2013 amounted to 57,790 barrels of oil equivalent (boepd). From February 2013, reported production volumes include consolida...

Shell awards John Crane a five-year Enterprise Framework Agreement
Posted On Mar 11 ,2013 - 03:01-AM | by admin

Global agreement allows John Crane to accelerate growth in all segments of the oil and gas market John Crane announced today that Shell has awarded it a five-year Enterprise Framework Agreement (EF...

Total resumes production from the Elgin/Franklin area in the UK North Sea
Posted On Mar 11 ,2013 - 03:11-AM | by admin

Total announces the restart of production on the Elgin/Franklin area on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE). Production resumes graduall...

Royal Dutch Shell plc fourth quarter 2012 Euro and GBP equivalent dividend payments
Posted On Mar 09 ,2013 - 03:42-PM | by admin

The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2012 interim dividend, which was announced on ...