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 ...

CME Group Announces Record Open Interest and Large Open Interest Holders in its Suite of FX Products
Posted On Mar 09 ,2013 - 03:35-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, announced it achieved record Open Interest yesterday in its global suite of FX products. A record US$278 billion (FX futures = ...

KBR Awarded Project Management Contract for Front End Engineering Design Phase of Grassroots Plant in Azerbaijan
Posted On Mar 08 ,2013 - 03:21-PM | by admin

KBR (NYSE: KBR) today announced it was awarded a contract by the State Oil Company of the Azerbaijan Republic (SOCAR) to provide PMC services for the FEED Phase of the Gas Processing Plant (GPP) withi...

Schlumberger Releases Slimhole Measurement-While-Drilling Service
Posted On Mar 08 ,2013 - 03:07-PM | by admin

DigiScope service transmits high-quality data for real-time decision-making in land, extended-reach and deepwater wells Schlumberger today introduced the DigiScope* slimhole measurement-while-drillin...

Noble Energy Announces Increase In Leviathan Resource Estimate
Posted On Mar 07 ,2013 - 03:42-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced results from its second Leviathan appraisal well located in the Rachel license offshore Israel. The Leviathan #4 appraisal well was drilled to a total d...

Chevron Corporation's 2013 Security Analyst Meeting
Posted On Mar 06 ,2013 - 03:14-PM | by admin

Chevron Corporation (NYSE: CVX), one of the world's leading energy companies, will hold its security analyst meeting on Tuesday, March 12, 2013 in New York City from 9:00 a.m. to 12:00 p.m. ET (6:00 a...

Rosneft Subsidiary Acquires Interest in ExxonMobil Gulf of Mexico Exploration Blocks
Posted On Mar 06 ,2013 - 03:13-PM | by admin

Neftegaz America Shelf LP (Neftegaz) joins ExxonMobil to explore deepwater Gulf of Mexico • Neftegaz acquires 30 percent interest in 20 Gulf of Mexico blocks held by ExxonMobil • ExxonMobil re...

ExxonMobil Major Projects to Deliver 1 Million Oil-Equivalent Barrels by 2017
Posted On Mar 06 ,2013 - 03:56-PM | by admin

Liquids Production to Rise on Average by Four Percent Per Year Exxon Mobil Corporation (NYSE:XOM) anticipates major project start-ups will deliver 1 million oil-equivalent barrels over the next five ...

Neste Oil's Annual Report and Corporate Governance Statement for 2012 published
Posted On Mar 06 ,2013 - 03:27-AM | by admin

Neste Oil's Annual Report 2012 has been published and can be read online in Finnish at www.2012.nesteoil.fi and in English at www.2012.nesteoil.com. The online Annual Report 2012 includes the Financia...

Petrobras announce Increase of Diesel Price
Posted On Mar 06 ,2013 - 03:30-AM | by admin

Petróleo Brasileiro S.A. – Petrobras informs the increase of 5% in diesel price at the refinery gate, with effect from March 6th, 2013. The price of diesel which the readjustment applies to does...

CME Group Chief Financial Officer to Present at the Citi 2013 US Financial Services Conference, March 6
Posted On Mar 06 ,2013 - 03:51-AM | by admin

CME Group announced today that Chief Financial Officer Jamie Parisi will present at the Citi 2013 US Financial Services Conference, to be held in Boston, Massachusetts, on Wednesday, March 6, at 10:35...

Fourth well in Iara area confirms extension of Santos Basin pre-salt discovery
Posted On Mar 06 ,2013 - 03:07-AM | by admin

Petróleo Brasileiro S.A. - Petrobras, announces that has confirmed the presence of good quality oil in well 3-RJS-706 (3-BRSA-1132-RJS), located in the Iara area, block BMS-11, in the Santos Basin pr...

Dana Gas Starts Production from New Discoveries in Egypt
Posted On Mar 06 ,2013 - 03:30-AM | by admin

3 new discoveries were made in Egypt’s Nile Delta in 2012 • West Sama and Allium discoveries have already begun commercial production • Balsam to be brought into production in H2 2013 • Pro...

Atlantic Energy: How Indigenous Companies are Transforming the Nigerian Oil and Gas Industry
Posted On Mar 06 ,2013 - 03:58-AM | by admin

Atlantic Energy (http://www.atlanticenergy.com) was a platinum sponsor at the recently concluded 13th Nigerian Oil and Gas conference, one of Africa’s largest oil and gas conference held in Abuja w...

Dana Petroleum announces new Managing Director for the Netherlands
Posted On Mar 05 ,2013 - 03:19-PM | by admin

Aberdeen-based Dana Petroleum has appointed Nick Dancer as the new Managing Director of its Netherlands business. Nick, who previously ran Dana’s operations in Egypt, took up his new position on 1 ...

Anadarko Announces $860 Million Carried-Interest Agreement for Heidelberg Development
Posted On Mar 05 ,2013 - 03:57-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced it has signed a definitive agreement with an undisclosed party to enter into a carried-interest arrangement for a portion of Anadarko's owner...

Siirtec Nigi awarded a contract by Gazprom
Posted On Mar 05 ,2013 - 03:00-AM | by admin

Siirtec Nigi S.p.A. (Italy) is pleased to announce that it has been awarded a contract by Gazprom komplektatsiya Ltd. to implement a natural gas treatment plant (GTP) to be located at the Kazachya Com...

Shell to develop two additional natural gas for transport corridors in North America
Posted On Mar 05 ,2013 - 03:35-AM | by admin

Through further investments in LNG for Transport, Shell plans to utilize North American natural gas to provide an innovative and cost-effective fuel for its commercial customers. Shell and its affi...

Hess Announces Culmination of Transformation Into Pure Play E&P Company
Posted On Mar 04 ,2013 - 03:23-PM | by admin

Focusing on Higher Growth, Lower Risk Portfolio of E&P Assets Exiting Downstream Businesses, Including Retail, Energy Marketing and Energy Trading Returning Capital Directly to Shareholders th...

Simba Energy Boosts Its Technical Team
Posted On Mar 04 ,2013 - 03:05-AM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to announce two key appointments to the Company’s technical te...

Songa Offshore SE : February fleet update
Posted On Mar 04 ,2013 - 03:08-AM | by admin

Songa Venus achieved an operating efficiency of 98% during the month continuing working for Petronas Carigali in Malaysia. Songa Mercur achieved an operating efficiency of 99% during the month con...

How Iraq Mega Projects 2013 Continues to Facilitate the Increase of Iraq’s Oil & Gas Productivity
Posted On Mar 04 ,2013 - 03:59-AM | by admin

The CWC Group has announced the fourth Iraq Mega Projects Conference and Exhibition will take place 30 September – 2 October 2013 in Dubai, UAE. The event will provide senior professionals, contr...

Anadarko to Present at Upcoming Conference
Posted On Mar 01 ,2013 - 03:59-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced that Sr. Vice President, Finance and Chief Financial Officer, Bob Gwin, will present at the Raymond James 34th Annual Institutional Investors...

Award of Exploration Concessions in Colombia
Posted On Mar 01 ,2013 - 03:26-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 and the U.S.A...

Technip finalizes two agreements with Rostec to address the subsea and onshore markets in Russia
Posted On Mar 01 ,2013 - 03:45-AM | by admin

Technip announces that it has signed two agreements with State Corporation Russian Technologies (Rostec) during the official meeting between François Hollande, President of the French Republic, and V...

Songa Venus secures contract extension
Posted On Mar 01 ,2013 - 03:12-AM | by admin

Songa has entered into a contract extension and farm out agreement with Mubadala Petroleum from the current contract with Petronas. The extension will cover a total of four firm wells in Vietnam and M...

Paipai-1, onshore Kenya, suspended for future evaluation
Posted On Mar 01 ,2013 - 03:13-AM | by admin

Tullow Oil plc (Tullow) announces the suspension of the Paipai-1 exploration well in Kenya for ongoing evaluation. The well, located in the Marsabit County of Kenya Block 10A, has been drilled to a...

Petrobras January oil and gas production
Posted On Feb 28 ,2013 - 02:52-PM | by admin

Petrobras announces that, in January 2013, total production of oil and natural gas in Brazil reached 2,368 thousand barrels of oil equivalent per day (boed). Total domestic production, including the ...

Chevron Announces Successful Test Well at St. Malo in Gulf of Mexico
Posted On Feb 28 ,2013 - 02:56-PM | by admin

Chevron Corporation (NYSE: CVX) today announced that it had conducted a successful production test on the St. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Oil ...

Dana Petroleum starts drilling exploration well in Moray Firth
Posted On Feb 28 ,2013 - 02:11-PM | by admin

Aberdeen-based Dana Petroleum has commenced drilling operations in the Moray Firth area of the North Sea close to the Captain field. Dana is drilling an operated well targeting the Magnolia prospec...

Eni and Petrovietnam sign Joint Technical Study Agreement
Posted On Feb 28 ,2013 - 02:10-AM | by admin

To evaluate the potential of unconventional hydrocarbons in Vietnam The study will be carried out by a mixed Petrovietnam-Eni team and will benefit from Eni’s substantial wealth of knowledge and pr...

Shell announces pause in Alaska drilling programme
Posted On Feb 27 ,2013 - 02:54-PM | by admin

Royal Dutch Shell plc (“Shell”) today announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of ...

Tethys Oil books the company’s first reserves in Oman
Posted On Feb 27 ,2013 - 02:16-PM | by admin

Tethys Oil's net working interest reserves in the Sultanate of Oman as per December 31, 2012, amounts to 14.3 million barrels of oil (“mmbo”) of proven and probable reserves. The reserves have ...

Simba Energy Identifies Three Significant Seeps in Guinea
Posted On Feb 27 ,2013 - 02:23-PM | by admin

Simba Energy Inc. (“Simba” or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to report it has identified three additional and significant ...

Aker Solutions completes Enovate transaction
Posted On Feb 27 ,2013 - 02:07-PM | by admin

Aker Solutions confirms that the transaction to buy a majority stake in Enovate Systems Limited, a leading technology company within subsea well control equipment, has been closed. Aker Solutions o...

Aker Solutions awarded major frame agreement with Statoil
Posted On Feb 27 ,2013 - 02:31-AM | by admin

Aker Solutions, the international oil services provider, has as one of several suppliers been awarded a frame agreement with Statoil for the delivery of subsea operations and services on the Norwegian...

Aker Solutions acquires managed pressure drilling specialist Managed Pressure Operations (MPO)
Posted On Feb 27 ,2013 - 02:20-AM | by admin

Aker Solutions has acquired Managed Pressure Operations International, Ltd. (MPO), a company that has successfully developed the next generation of continuous circulation, riser gas handling and manag...

Shell continues to expand its LNG leadership with the purchase of new positions from Repsol S.A.
Posted On Feb 27 ,2013 - 02:37-AM | by admin

Royal Dutch Shell plc (“Shell”) continues to expand its industry leadership in Liquefied Natural Gas (“LNG”), today agreeing to acquire part of Repsol S.A’s (“Repsol”) LNG portfolio outs...

Paradigm to Demonstrate Productivity without Compromise
Posted On Feb 27 ,2013 - 02:38-AM | by admin

At IADC/SPE Drilling Conference and Exhibition Company to highlight its well planning and drilling, geosteering and formation evaluation solutions. Paradigm™ (www.pdgm.com) will showcase its lat...

Expected Appointments of Tom Walters as President of ExxonMobil Production Company
Posted On Feb 27 ,2013 - 02:27-AM | by admin

Rob Franklin as President of ExxonMobil Gas & Power Marketing Company Exxon Mobil Corporation (NYSE:XOM) announced today that its board of directors is expected to appoint T.R. (Tom) Walters as pr...

New discovery of good quality oil in Santos Basin pre-salt
Posted On Feb 26 ,2013 - 02:30-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that it has confirmed the presence of good quality oil (31 º API) in ultra deep waters of Santos Basin pre-salt while drilling well 1-SPS-98 (1-BRSA...

Rolls-Royce wins US$40M Contract to power Turkmenistan-China natural gas pipeline
Posted On Feb 25 ,2013 - 02:42-PM | by admin

Rolls-Royce, the global power systems company, has been awarded a US$40 million contract to supply equipment and related services to power the flow of natural gas through the Uzbekistan section of the...

Significant new exploration success in Mozambique by Eni
Posted On Feb 25 ,2013 - 02:46-PM | by admin

Discovery made at Coral 3 delineation well confirms the potential of Mamba Complex in Area 4 at 75 trillion cubic feet (tcf) of gas in place San Donato Milanese (Milan), 25 February 2013 – Eni h...

Songa Offshore SE : Report for the fourth quarter 2012
Posted On Feb 25 ,2013 - 02:20-AM | by admin

Songa Offshore SE ("Songa" or the "company") reports operating revenue for the fourth quarter 2012 of USD 134.6 million and an EBITDA of USD 41.8 million. Net loss for the quarter is USD 218.9 million...

Rosneft and Eni Sign Agreement to Develop Trading and Logistics Opportunities
Posted On Feb 25 ,2013 - 02:57-AM | by admin

This agreement contributes to securing market access to Rosneft production, and will confirm ETS position as one of the leading traders in the European market. Rosneft and Eni agreed to strengthen...

Prague to host the Forty Fourth Annual Meeting of the Pipeline Simulation Interest Group
Posted On Feb 25 ,2013 - 02:50-AM | by admin

Prague, the political, economic, and the cultural center of the Czech Republic and a city with more than a thousand years of history will host the Forty Fourth Annual Meeting of the Pipeline Simulatio...

Shell to reassess development of Fram field in North Sea
Posted On Feb 22 ,2013 - 02:55-PM | by admin

Shell has decided to reassess the development plan for the Fram oil and gas field in the North Sea, due to unexpected initial drilling results. Fram was originally designed for a 35,000 barrels oi...

CME Group released the following statement in response to the CFTC's complaint filed today against NYMEX Holdings
Posted On Feb 22 ,2013 - 02:50-AM | by admin

Each of CME Group's exchanges, including the New York Mercantile Exchange (NYMEX), places an extremely high priority on preserving the confidentiality of customer information, and we expect our employ...

Songa Offshore SE COO resigns
Posted On Feb 21 ,2013 - 02:08-AM | by admin

Songa Offshore SE has today received the resignation of the company's COO, Trond Christensen. He will leave his position at the end of March and remain at the company's disposal as a consultant for a ...

East Africa exploration and appraisal update
Posted On Feb 21 ,2013 - 02:54-AM | by admin

Twiga South-1 flow test – Kenya The testing program at the Twiga South-1 oil discovery has now been successfully completed with a cumulative flow rate of 2,812 bopd, constrained by surface equipmen...

Technip’s Fourth Quarter and Full Year 2012 Results
Posted On Feb 21 ,2013 - 02:02-AM | by admin

2012 objectives achieved; 2013 revenue and profit expected to grow 2012 RESULTS • Robust order intake, revenue and operating margins in 4Q 2012 • Backlog at €14.3 billion, of which €6.0 b...

New discovery of good quality oil in Transfer of Rights area
Posted On Feb 20 ,2013 - 02:47-PM | by admin

Petróleo Brasileiro S.A. – Petrobras announces that the sixth well drilled following the execution of the Transfer of Rights Agreement has discovered oil in the area known as Florim, in the pre-sal...

Anadarko Names Al Walker Chairman of the Board
Posted On Feb 20 ,2013 - 02:17-PM | by admin

The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) announced that Al Walker has been elected Chairman of the Board, effective at the end of Anadarko's Annual Meeting of Stockholders ...

Anadarko Announces 2013 Capital Program and Guidance
Posted On Feb 20 ,2013 - 02:09-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced details of its 2013 capital program and guidance, and provided additional information regarding its significant U.S. onshore growth opportuni...

BP and RIL Update Government of India on KG D6 Block Enhancement Plan
Posted On Feb 20 ,2013 - 02:02-AM | by admin

Bob Dudley, BP Group Chief Executive and Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) met with the Indian Minister of Petroleum and Natural Gas, Dr Veerappa Moily...

Technip awarded a five-year contract by BP Angola for engineering and modification services
Posted On Feb 20 ,2013 - 02:39-AM | by admin

Technip was awarded by BP Angola an important five-year contract* for engineering and modification services for the existing Greater Plutonio and Plutao, Saturno, Venus and Marte (PSVM) floating produ...

Petrobras starts production at Baúna field, in Santos Basin
Posted On Feb 20 ,2013 - 02:57-AM | by admin

Petrobras announces that it has put into operation, on Saturday (02/16), the FPSO (Floating, Production, Storage and Offloading) Cidade de Itajaí, starting oil production at Baúna field, located at ...

African Petroleum Corporation Limited announces oil discovery at Bee Eater-l well in multiple zones Liberia LB - 09
Posted On Feb 20 ,2013 - 02:42-AM | by admin

African Petroleum Corporation Limited (NSX:AOQ) ("African Petroleum" or the "Company") announces a discovery at the Bee Eater-1 well. The well was designed to test the Turonian fan by way of a large s...

Global Water: Oil & Gas Returns to Dubai on 11-12 June 2013
Posted On Feb 19 ,2013 - 02:55-PM | by admin

The CWC Group, UAE Ministry of Environment & Water and the Dubai Supreme Council of Energy this week announced the second Global Water: Oil & Gas Summit 2013 will take place 11-12 June 2013 at the Mad...

ExxonMobil Encourages Girls to Envision Careers in Math and Science
Posted On Feb 19 ,2013 - 02:09-PM | by admin

“Introduce a Girl to Engineering Day” inspires middle-school students for 10th consecutive year • Program sparks students’ curiosity in science, technology, engineering and math • More t...

Exxon Mobil Corporation Announces 2012 Reserves Replacement Totaled 115 Percent
Posted On Feb 19 ,2013 - 02:51-PM | by admin

Reserves replacement exceeded 100 percent for 19th consecutive year • Reserves additions of 1.8 billion oil-equivalent barrels were 115 percent of 2012 production • Liquids replaced at a ratio...

Radar Satellite Solutions New Technology for Oil & Gas Discoveries in Texas
Posted On Feb 19 ,2013 - 02:56-PM | by admin

Radar Satellite Solutions(RSS) and Brandon Maloy with JBA Operating (JBA) has made a new shallow oil field discovery in Coleman County Texas for Balanced Energy with utilizing a new satellite and grou...

Chariot Oil & Gas Limited provides Operational Update
Posted On Feb 19 ,2013 - 02:38-PM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Africa focused oil and gas exploration company, today provides an operational update across its portfolio and a revised forward-looking work programme. Ov...

Qatar Petroleum signs agreement with Total and Q Analytica for joint research project
Posted On Feb 19 ,2013 - 02:55-PM | by admin

Qatar Petroleum (QP), Total E&P Qatar and Q Analytica LLC signed last Thursday a Joint Research and Development Agreement on Petroleum Profiling, a technology used to characterize the chemical composi...

Circle Oil Plc General Operating Update
Posted On Feb 19 ,2013 - 02:27-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 and forthcoming work prog...

Songa Offshore SE : Notice of Presentation / webcast of Q4 2012 report
Posted On Feb 18 ,2013 - 02:40-PM | by admin

Songa Offshore SE's Fourth Quarter 2012 report will be released prior to market opening on Monday 25 February 2013. A presentation will be held the same morning at Shippingklubben, Oslo. 1. Q4...

Sonoro Provides Update in Iraq
Posted On Feb 18 ,2013 - 02:30-PM | by admin

Sonoro Energy Ltd. (“Sonoro” or the “Company”) (TSX-V: SNV) is pleased to announce the following operational and corporate updates. Drilling Permit The Company has received written corresp...

Peugeot and Total prepare for the future with the technology demonstrator 208 HYbrid FE
Posted On Feb 18 ,2013 - 02:17-PM | by admin

Continuing years of commitment to improving vehicle energy performance, Peugeot and Total are combining their capacity for innovation once more in a breakthrough project: the 208 HYbrid FE. The aim is...

Aker Solutions selected for detail engineering and hook-up services to Statoil's Dagny platform
Posted On Feb 18 ,2013 - 02:53-AM | by admin

Aker Solutions has been selected as the provider of detail engineering and hook-up services for the Dagny platform in North Sea, Statoil, the operator of the field, has confirmed today. Aker Soluti...

Songa Offshore SE : Work at Songa Trym completed
Posted On Feb 18 ,2013 - 02:18-AM | by admin

Songa Offshore SE is pleased to announce that Songa Trym has now received its AOC diploma and additional work and client acceptance testing of Songa Trym is now completed. As of today, Songa Trym wil...

Technip awarded subsea contract for the Laila and D12 fields in Malaysia
Posted On Feb 18 ,2013 - 02:16-AM | by admin

Technip was awarded by Sarawak Shell Berhad an engineering, procurement, construction, installation and commissioning contract for two new gas-export lines at the Laila and D12 fields, respectively lo...

Petrobras starts-up production of Sapinhoá Norte Early Production System (SPA), in pre-salt of Santos Basin
Posted On Feb 16 ,2013 - 02:46-PM | by admin

Petrobras announces that FPSO Cidade de São Vicente went on stream last Tuesday, February 12, kicking off production of the Sapinhoá Norte Early Production System (SPA), through exploratory well 3-B...

Nexen Announces All Required Regulatory Approvals Received
Posted On Feb 15 ,2013 - 02:28-PM | by admin

Nexen Inc. ("Nexen", TSX, NYSE: NXY) announced that Nexen has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen ...

CME Group Announces Open Interest Record in Benchmark Light Sweet Crude Oil (WTI) Futures
Posted On Feb 15 ,2013 - 02:20-AM | by admin

NYMEX Brent (BZ) Reaches Multiple Trading Volume and Open Interest Records This Year CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a record in open i...

Technip awarded important subsea contract by Shell for the Malikai project
Posted On Feb 15 ,2013 - 02:00-AM | by admin

Technip was awarded by Sabah Shell Petroleum Company Ltd (SSPC) an important subsea pipelines contract(1) for the Malikai Deepwater project, located offshore Sabah, at a water depth of approximately 6...

Singapore shipping and offshore maritime employment market ‘cautiously optimistic’
Posted On Feb 15 ,2013 - 02:39-AM | by admin

Despite the well publicised, and frequently discussed, downturn facing the shipping and marine industry, two recent surveys have produced results which point to Singapore solidifying its position and ...

Eni announces results for the Fourth Quarter and the Full Year 2012
Posted On Feb 15 ,2013 - 02:16-AM | by admin

Eni, the international oil and gas company, today announces its group results for the fourth quarter and the full year 2012 (unaudited). Financial highlights 1 ■Continuing operations: ■A...

Anadarko Declares Dividend
Posted On Feb 15 ,2013 - 02:08-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 9 cents per share, payable March 27, 2013 to stockholders...

Petroleum Institute and Johannes Kepler University sign MoU
Posted On Feb 14 ,2013 - 02:45-PM | by admin

The Petroleum Institute, an affiliate of Abu Dhabi National Oil Company (ADNOC), and the Austrian University Johannes Kepler in Linz have signed a Memorandum of Understanding on exchange of expertise ...

Foster Wheeler and Shell Sign Technology Enterprise Framework Agreement
Posted On Feb 14 ,2013 - 02:21-PM | by admin

Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has signed a global Enterprise Framework Agreement (EFA) with Shell Global Solutions International B...

Dana Petroleum announces new Managing Director for Norway
Posted On Feb 14 ,2013 - 02:13-AM | by admin

Aberdeen-based Dana Petroleum has announced the appointment of a new Managing Director for its Norwegian activities. Reidar Hustoft took up his new position on 1 February replacing John M Dahlen, who...

Rosneft and ExxonMobil Expand Strategic Cooperation
Posted On Feb 13 ,2013 - 02:47-PM | by admin

Companies to add seven Arctic license areas covering approximately 600,000 square kilometers (150 million acres) in the Chukchi, Laptev and Kara seas • Rosneft is provided the option to acquire a ...

Global Hybrid Electric Vehicle (HEV) market will generate 2.07m sales in 2013
Posted On Feb 13 ,2013 - 02:43-PM | by admin

According new market study on ASDReports.com February 2013, Amsterdam, New analysis, available on ASDReports.com, indicates that the global hybrid electric vehicle (HEV) market will generate 2.07m ...

Spud of North Kendang-1 Exploration Well
Posted On Feb 13 ,2013 - 02:15-AM | by admin

Salamander announces the spud of the North Kendang-1 exploration well in the South East Sangatta PSC. Salamander has a 75% operated interest in the South East Sangatta PSC. The North Kendang-1 well...

Tullow Oil plc announces its results for the year ended 31 December 2012
Posted On Feb 13 ,2013 - 02:14-AM | by admin

Tullow delivered another solid financial performance in 2012. While the oil price was volatile throughout the year due to economic and political uncertainty, it averaged $108 per barrel, in line with ...

Schlumberger Announces Fourth-Quarter and Full-Year 2012 Results
Posted On Feb 13 ,2013 - 02:00-AM | by admin

Schlumberger Limited (NYSE:SLB) reported full-year 2012 revenue of $42.15 billion versus $36.96 billion in 2011. Full-year 2012 income from continuing operations attributable to Schlumberger, excl...

Total announces final 2012 dividend and director nominations for shareholder approval
Posted On Feb 13 ,2013 - 02:59-AM | by admin

The Board of Directors of Total decided on February 12, 2013, to propose at the Annual Shareholders’ Meeting on May 17, 2013, an annual dividend for 2012 of 2.34 euros per share, reflecting an incre...

Technip awarded contract for a refinery in Mexico
Posted On Feb 13 ,2013 - 02:21-AM | by admin

Technip, in a consortium with Construcciones Industriales Tapia, was awarded by Petróleos Mexicanos (PEMEX) through its subsidiary PEMEX Refinación, a contract for the revamp of one of the conver...

Eni renews its commitment to the MIT energy initiative
Posted On Feb 12 ,2013 - 02:48-AM | by admin

Eni, a founding member of the MIT Energy Initiative, to support a broad new portfolio of energy-related research at MIT. Eni renewed its energy research partnership with the MIT Energy Initiative ...

Ghana Disclosures by Kosmos
Posted On Feb 12 ,2013 - 02:11-AM | by admin

Tullow Oil plc (“Tullow”) notes three disclosures related to its Ghana operations made by Kosmos Energy (“Kosmos”) in association with a secondary offering for Kosmos shares. Tullow will provi...

Seadrill Limited's Completion of the US$2.9 billion sale agreement with SapuraKencana
Posted On Feb 11 ,2013 - 02:48-PM | by admin

Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. SapuraKencana will acquire all the tender rigs in Seadrill's fleet...

The Deep Orient, a new state-of-the-art Technip vessel
Posted On Feb 11 ,2013 - 02:06-PM | by admin

Technip officially named its latest new vessel today in Vigo, Spain. The Deep Orient, a newbuild medium construction vessel, will be dedicated to subsea construction and flexible pipelay projects. ...

CME Group Chief Executive Officer to Present at the 14th Annual Credit Suisse Financial Services Forum
Posted On Feb 11 ,2013 - 02:15-PM | by admin

CME Group announced today that Chief Executive Officer Phupinder Gill will present at the 14th Annual Credit Suisse Financial Services Forum, to be held in Miami, Florida, on Tuesday, February 12, 201...

Neste Oil to invest EUR 65 million in enhancing gasoline production at Porvoo
Posted On Feb 11 ,2013 - 02:00-PM | by admin

Neste Oil to invest EUR 65 million in enhancing gasoline production at Porvoo Neste Oil has decided to build an isomerization unit at its Porvoo refinery. The investment, valued at approx. EUR 65 m...

Explore exciting opportunities at Accelerate Oil & Gas Expo-Forum 2013
Posted On Feb 11 ,2013 - 02:35-AM | by admin

Accelerate Oil & Gas 2013 is widely expected to be one of the most important events of 2013. The delegates at two days event will include government ministries, Federal, State and local oil &#...

Chevron Makes Final Investment Decision on Mafumeira Sul Project Offshore Angola
Posted On Feb 08 ,2013 - 02:24-PM | by admin

$5.6 billion project is second-stage development of successful Mafumeira Field Chevron Corporation (NYSE: CVX) announced today that its Cabinda Gulf Oil Company Limited subsidiary will proceed wit...

Total Enters Deep Offshore Exploration in Cyprus
Posted On Feb 08 ,2013 - 02:31-PM | by admin

Total announces that it has signed two production sharing contracts (PSCs), for Blocks 10 and 11, with the Republic of Cyprus. The PSCs were awarded as part of the second offshore exploration licensin...

Total has received a firm offer from Borealis for its majority interest in Belgium’s Rosier S.A.
Posted On Feb 08 ,2013 - 02:58-PM | by admin

Press release issued under Article 8, paragraph 1 of the Belgian Royal Decree of April 27, 2007 on public takeover Total has received a firm offer from Borealis for its entire 56.86% interest in B...

Noble Energy Announces Fourth Quarter And Full Year 2012 Results, Including Record Sales Volumes And Cash Flow
Posted On Feb 08 ,2013 - 02:33-PM | by admin

Noble Energy, Inc. (NYSE: NBL) reported today fourth quarter 2012 net income of $251 million, or $1.39 per share diluted, and net income from continuing operations(1) of $277 million, or $1.54 per sha...

Chevron Announces Further Natural Gas Discovery Offshore Australia
Posted On Feb 08 ,2013 - 02:18-PM | by admin

Kentish Knock South-1 adds to Chevron's queue of offshore natural gas opportunities in Australia Chevron Corporation (NYSE: CVX) today announced the 20th discovery off the Western Australian coast...

Eni declares there was no involvement of directors and managers in Saipem's activities in Algeria, currently under investigation
Posted On Feb 08 ,2013 - 02:30-PM | by admin

With regards to the judicial investigation of the prosecutor of the Republic of Milan (Procura della Repubblica di Milano) involving Saipem’s activities in Algeria, Eni acknowledges that the prosecu...

Technip in a JV with MMHE awarded substantial contract for the Malikai Project in Malaysia
Posted On Feb 08 ,2013 - 02:46-PM | by admin

Technip, in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE)(1), was awarded by Sabah Shell Petroleum Company Ltd (SSPC) a substantial contract(2) for the engineering, procure...

UNDP join shipping industry in job creation initiative in Somalia
Posted On Feb 08 ,2013 - 02:18-PM | by admin

Shell, BP, Maersk, Stena and the Japanese shipping companies NYK, MOL and “K” Line have announced their joint collaboration with the United Nations Development Programme (UNDP) to support job crea...

Tribunal Finds Ecuador in Breach of its Obligations Under International Law and the Bilateral Investment Treaty with the United States
Posted On Feb 08 ,2013 - 02:02-PM | by admin

Permanent Court of Arbitration Panel to Determine Whether Chevron Should Be Compensated for Ecuador's failure to Prevent Enforcement of Lago Agrio Judgment An international arbitration tribunal is...

Worldwide oil and gas professionals experience wage growth, according to Global Salary Guide
Posted On Feb 08 ,2013 - 02:10-PM | by admin

Oil and gas industry professionals are enjoying significant wage growth, according to the Oil and Gas Global Salary Guide 2013, which is based on data from 25,000 respondents and more than one mill...

New oil discovery in western desert of Egypt by Eni
Posted On Feb 06 ,2013 - 02:49-AM | by admin

The drilling of Rosa North 1X is part of Eni's strategy to refocus exploration activities in Egypt by targeting deeper oil plays in the Western Desert. Eni has made a new oil discovery from the NF...

Fourth-Quarter 2012 Financial Results for CME Group Inc.
Posted On Feb 06 ,2013 - 02:12-AM | by admin

CME Group Inc. (NASDAQ: CME) today reported revenues of $661 million and operating income of $376 million for the fourth quarter 2012. Net income attributable to CME Group was $167 million and dilute...

Technip awarded a contract by Shell for the Gannet field in the North Sea
Posted On Feb 06 ,2013 - 02:08-AM | by admin

Technip was awarded by Shell U.K. Limited an engineering, procurement, installation and construction contract for the Gannet F Reinstatement project, located in the North Sea, 180 kilometers east of A...

Total in Exclusive Negotiations on the Proposed Sale of TIGF to Snam, EDF and GIC
Posted On Feb 05 ,2013 - 02:42-PM | by admin

Total announces it has entered into exclusive negotiations with a consortium comprising Snam, EDF and GIC1 that has submitted a firm offer to acquire all outstanding shares of Transport et Infrastruc...

Neste Oil has increased its use of waste- and residue-based renewable inputs by over 400,000 tons
Posted On Feb 05 ,2013 - 02:52-PM | by admin

Neste Oil succeeded in achieving its target of increasing its use of waste and residue raw materials for refining into renewable fuels by many hundreds of thousands of tons in 2012. A total of 742,000...

Neste Oil's Financial Statements for 2012
Posted On Feb 05 ,2013 - 02:12-PM | by admin

Neste Oil's Financial Statements for 2012 • Full-year comparable operating profit almost doubled to EUR 352 million (2011: 178 million) • Fourth-quarter comparable operating profit was EUR 82...

Petrobras’ oil and gas production in Brazil up by 3.4% in December
Posted On Feb 05 ,2013 - 02:32-PM | by admin

Petrobras, announces that Petrobras’ total oil and natural gas production in Brazil averaged 2,441 thousand barrels of oil equivalent per day (boed) in December 2012, indicating a 3.4% increase from...

Petrobras reports consolidated results for 2012
Posted On Feb 05 ,2013 - 02:05-PM | by admin

Net Income of R$ 21.2 billion Petrobras reports consolidated results for the fourth quarter and fiscal year 2012, according to International Financial Reporting Standards (IFRS). In 2012, net ...

Anadarko Announces 2012 Fourth-Quarter and Full-Year Results
Posted On Feb 05 ,2013 - 02:08-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced 2012 fourth-quarter results, reporting net income attributable to common stockholders of $203 million, or $.40 per share (diluted). These res...

Songa Offshore SE : Songa Trym delayed
Posted On Feb 05 ,2013 - 02:50-PM | by admin

Due to unexpected mechanical failures to already overhauled, installed and certified equipment and late delivery of OEM equipment, the completion of the yard stay for Songa Trym will be further delaye...

Eni announces start-up of gas production from the MLE field in Algeria
Posted On Feb 04 ,2013 - 02:35-AM | by admin

A plant, located in the field, allows for the treatment of rich gas for the daily production and sale of 9 million cubic meters of gas, 15,000 barrels of oil and condensate and 12,000 barrels of LPG. ...

Dana Gas Annual Profits Grow 20%
Posted On Feb 04 ,2013 - 02:54-AM | by admin

Year-end Cash balance up 47% to US$ 165 million (AED 605 million) Total Assets for the Company increase to US$ 3.5 billion (AED 12.8 billion) Average net production of 60,000 barrels of oil equivale...

Technip, in a consortium with Afcons and TH Heavy Engineering, awarded offshore contract in India
Posted On Feb 04 ,2013 - 02:54-AM | by admin

Technip, in a consortium with AFCONS Infrastructure Ltd and TH Heavy Engineering Berhad, was awarded a contract by Oil & Natural Gas Corporation Ltd (ONGC), worth approximately €220 million (Technip...

Exxon Mobil Corporation Announces Estimated Fourth Quarter 2012 Results
Posted On Feb 01 ,2013 - 02:55-PM | by admin

Earnings of $44,880 million increased $3,820 million from 2011. Earnings per share increased 15% to $9.70 EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED: “Energy is fundamental to economic gro...

Chevron Reports Fourth Quarter Net Income of $7.2 Billion And 2012 Earnings of $26.2 Billion
Posted On Feb 01 ,2013 - 02:41-PM | by admin

Oil and gas reserves replacement reaches 112 percent for the year Chevron Corporation (NYSE: CVX) today reported earnings of $7.2 billion ($3.70 per share – diluted) for the fourth quarter 2012, co...

Aker Solutions signs Aasta Hansteen SPS contract with Statoil
Posted On Feb 01 ,2013 - 02:02-PM | by admin

Aker Solutions has signed a contract with Statoil for the supply of a subsea production system for the Aasta Hansteen field development project on the Norwegian Continental Shelf. The contract value i...

Hays Oil & Gas Global Job Index
Posted On Feb 01 ,2013 - 02:22-PM | by admin

Job ads break for xmas after September peak As expected, the Hays Oil & Gas Global Job Index took a seasonal dip in the last quarter of 2012 despite continued recruitment activity right up until...

Neste Oil's Nomination Board's proposal for the composition of the Board of Directors
Posted On Feb 01 ,2013 - 02:54-PM | by admin

The Nomination Board, established by Neste Oil Corporation's Annual General Meeting (AGM) on 28 March 2012, will propose to the AGM to be held on 4 April 2013 that the company's Board of Directors sho...

Roc Oil Company Limited (ROC) DRILLING ACTIVITY UPDATE (SPAOH-2)
Posted On Feb 01 ,2013 - 02:04-PM | by admin

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 drilling the Spaoh-2 well at 1930 h...

Chevron Realigns Its Gas and Midstream Organization
Posted On Jan 31 ,2013 - 01:16-PM | by admin

Company consolidates supply and trading functions into single supply and trading services operation within Gas and Midstream organization Chevron Corporation (NYSE: CVX) said today that it will re...

Anadarko Ranks Among Nation's Top Workplaces for Second Consecutive Year
Posted On Jan 31 ,2013 - 01:53-PM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced it now ranks third among America's Top Workplaces, up from its fourth-place ranking in 2012, according to the second annual National Top Work...

Shell delivering a competitive and innovative strategy
Posted On Jan 31 ,2013 - 01:38-PM | by admin

The Hague, 31st January 2013. In an update with investors today, Shell CEO Peter Voser said the company is delivering on its strategy and he reiterated growth plans while spelling out strategic priori...

Angola Production Starts at BP-Operated PSVM Project
Posted On Jan 31 ,2013 - 01:59-PM | by admin

Sociedade Nacional de Combustíveis de Angola (Sonangol E.P.), as the concessionaire, BP Exploration Angola, as the operator, and the partners of Block 31, today announced that production from the PSV...

New Head of BP Russia Appointed
Posted On Jan 31 ,2013 - 01:27-PM | by admin

BP today announced the appointment of Michael Townshend as Senior Vice President - Russia BP Group, reporting directly to Bob Dudley, BP Group Chief Executive. Townshend, who is currently BP Regio...

RWE Dea donates ambulance and woollen blankets in Egypt
Posted On Jan 31 ,2013 - 01:51-PM | by admin

RWE Dea hands over new ambulance to health organisation in the Egyptian Nile Delta In addition, the German oil and gas company distributed a total of 1,000 woollen blankets amongst the poor and needy...

Neste Oil appoints Kaisa Lipponen Director of Corporate Communications
Posted On Jan 31 ,2013 - 01:03-PM | by admin

Kaisa Lipponen, M.A., (32) has been appointed Neste Oil's Director of Corporate Communications as of 1 February 2013. She will be responsible for Neste Oil's internal and external communications, and ...

Exxon Mobil Corporation Declares First Quarter Dividend
Posted On Jan 31 ,2013 - 01:41-AM | by admin

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 57 cents per share on the Common Stock, payable on March 11, 2013 to shareholders of record of Common Sto...

Petrobras- Fourth Quarter and Fiscal Year 2012 Earnings Release
Posted On Jan 31 ,2013 - 01:31-AM | by admin

Petrobras announces that it will disclose 4th quarter and fiscal year 2012 results on Monday, February 4th, 2013, after market closing. The company would like to invite investors and analysts for t...

Chevron Announces Quarterly Dividend
Posted On Jan 31 ,2013 - 01:28-AM | by admin

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of ninety cents ($0.90) per share, payable March 11, 2013, to holders of common stock as shown on the tran...

CME Group Inc. Declares Quarterly Dividend
Posted On Jan 31 ,2013 - 01:57-AM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today declared a first-quarter dividend of $0.45 per share, payable March 25, 2013, to shareholders of record March 8, 2013. ...

African Petroleum releases quarter ended 31 December 2012 report
Posted On Jan 31 ,2013 - 01:29-AM | by admin

HIGHLIGHTS CORPORATE - Approximately US$52.6 million cash at bank at 31 December 2012 - In addition, approximately US$72.5 million restricted cash at 31 December 2012: US$50.0 million as securi...

SAIPEM: Revised earnings guidance for 2012 and guidance for 2013
Posted On Jan 30 ,2013 - 01:46-PM | by admin

2012 guidance slightly lower, following review of Saipem’s contracts and prospects ◦2012 EBIT expected to be around EUR1.5bn - Tough 2013, but significant rebound anticipated in 2014, on the b...

Kosmos Energy Announces 2013 Capital Program and Production Outlook
Posted On Jan 30 ,2013 - 01:19-PM | by admin

Jubilee Field Production to Average Between 105,000 and 115,000 Barrels of Oil Per Day Kosmos Energy (“Kosmos”) (NYSE: KOS) announced today its 2013 planned capital program, which totals appro...

BP Announces US District Court’s Acceptance of Plea Resolving All Criminal Claims Against Company Relating to Deepwater Horizon Accident
Posted On Jan 30 ,2013 - 01:54-PM | by admin

BP today announced that the US District Court for the Eastern District of Louisiana has accepted the company’s plea resolving all federal criminal charges against the company stemming from the Deepw...

CGGVeritas now CGG
Posted On Jan 30 ,2013 - 01:36-PM | by admin

With the Closing of the Acquisition of Fugro’s Geoscience Division, CGG Announces; •A New Identity for the Group1 •The Transformation of CGG into a Leading Integrated Geoscience Group ...

CNOOC - Company’s business strategy and development plan for the year 2013
Posted On Jan 30 ,2013 - 01:00-PM | by admin

A Year with More Startups and Full Construction Schedule CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) today announced a summary of the Company’s business strategy and development pl...

Victoria oil and gas Operational Update
Posted On Jan 30 ,2013 - 01:57-PM | by admin

Highlights: - 15 customers now taking gas from Logbaba at a combined average daily production of 2.8 million standard cubic feet per day (“mmscf/d”) - Commitment from Societe Generale for a ...

GE Oil & Gas Focuses on Growth Regions
Posted On Jan 30 ,2013 - 01:37-AM | by admin

Customer Solutions, Technologies in Harsh Environments with New Deals, Product Launches - New Joint Venture in Angola to Unlock Subsea Potential - New Technology and Service Center in Iraq - New...

GE Technology Comes to India’s High-Pressure, High-Temperature Drilling Sector
Posted On Jan 30 ,2013 - 01:11-AM | by admin

- Cairn India Selects GE HPHT Wellheads for Ravva Oil Field Expansion - Project Reinforces GE Leadership in HPHT Technology - GE Poised to Help Customers Meet India’s Growing Energy Demands ...

GE Designs New Artificial Lift Products to Help Boost Oilfield Production Efficiency
Posted On Jan 30 ,2013 - 01:42-AM | by admin

- GE’s First Motor Cooling System Provides Lower Motor Temperatures - New Higher Efficiency Electric Submersible Motor Simplifies Installation - GE’s Newest Artificial Lift Products Underscore C...

GE Oil & Gas Opens New Facility to Help Boost Production of Iraq’s Oil and Gas Fields
Posted On Jan 30 ,2013 - 01:25-AM | by admin

- Dedicated Facility Located near Basra Builds GE’s Local Presence - Part of GE Commitment to Help Rebuild Iraq’s Energy Infrastructure - Brings GE Technology, Expertise Closer to Customers in ...

Vanoil Extends Technical Evaluation Agreement With Ministry of Natural Resources of Rwanda
Posted On Jan 30 ,2013 - 01:51-AM | by admin

Vanoil Energy Ltd. ("Vanoil" or the "Company") is pleased to announce it has executed a two month extension to its Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources. The ag...

Aker Solutions to tie Dagny gas production into Sleipner
Posted On Jan 30 ,2013 - 01:08-AM | by admin

Aker Solutions has been awarded the second call-off project under the Sleipner Modification Portfolio Agreement, involving the tie-in of gas production from Dagny. Contract value is NOK 650 million an...

Heritage Oil Plc: Update on Operations
Posted On Jan 30 ,2013 - 01:00-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...

Technip to release Fourth Quarter & Full Year 2012 results as planned on February 21, 2013
Posted On Jan 30 ,2013 - 01:53-AM | by admin

Technip will publish its Fourth Quarter & Full Year 2012 results Thursday, February 21, 2013 at 7:00 a.m. CET. The press release and slide presentation will be available from our website: www.technip....

ExxonMobil Fourth Quarter and Full Year 2012 Earnings Conference Call
Posted On Jan 29 ,2013 - 01:28-PM | by admin

ExxonMobil will release its fourth quarter and full year 2012 earnings on Friday, February 1, 2013. A news release will be issued over Business Wire. Reporters can listen to a conference call with...

Online service improves public access to state energy data
Posted On Jan 29 ,2013 - 01:40-PM | by admin

EIA expands its API to include the State Energy Data System The U.S. Energy Information Administration (EIA) has added its State Energy Data System (SEDS) annual time-series data to the agency's appl...

LENI GAS AND OIL PLC Production Update
Posted On Jan 29 ,2013 - 01:35-AM | by admin

LGO today announces an update on oil production in Trinidad. During the last week production at the Goudron and Icacos Fields in Trinidad (LGO, 100% and 50% respectively) has averaged over 170 bopd, w...

Tap Oil announces its gross volumetric recoverable gas resource estimate
Posted On Jan 29 ,2013 - 01:10-AM | by admin

TALLAGANDA-1 VOLUMETRICS – APPROXIMATELY 500 BCF Tap Oil Limited (ASX Code: TAP) is pleased to announce its gross volumetric recoverable gas resource estimate for the WA-351-P portion of the Tall...

Dana gets green light for development after successful test well in Egypt
Posted On Jan 29 ,2013 - 01:45-AM | by admin

Dana Petroleum has been given the go-ahead by the Egyptian government to further develop the Nefertiti oil field in the Gulf of Suez following the successful completion of an appraisal well. The Ab...

Technip awarded contracts for Westlake Chemical’s ethylene plant expansion in Kentucky
Posted On Jan 29 ,2013 - 01:16-AM | by admin

Technip was awarded engineering and procurement contracts by Westlake Chemical Corporation (NYSE: WLK) for the expansion and modernization of the ethylene cracking furnaces and the recovery section of...

Aker Solutions acquires Enovate
Posted On Jan 29 ,2013 - 01:58-AM | by admin

Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Limited - a leading technology company within subsea well control equipment. The financial details of the acquis...

Neste Oil appoints Sam Holmberg Director of Traffic Services, Finland at Oil Retail
Posted On Jan 29 ,2013 - 01:27-AM | by admin

Sam Holmberg (M.Sc. (Eng.), 43) has been appointed Director, Traffic Services, Finland in Neste Oil's Oil Retail business area as of 11 February 2013. He will be responsible for network sales at over ...

Noble Energy Declares Dividend
Posted On Jan 28 ,2013 - 01:41-PM | by admin

Noble Energy, Inc.'s (NYSE: NBL) board of directors today declared a quarterly cash dividend of 25 cents per common share payable on February 25, 2013 to the shareholders of record on February 11, 201...

Shell and Kinder Morgan announce plans to export LNG from the United States
Posted On Jan 28 ,2013 - 01:40-PM | by admin

Shell US Gas & Power LLC (Shell), a subsidiary of Royal Dutch Shell plc, and Southern Liquefaction Company, LLC, a Kinder Morgan company and unit of El Paso Pipeline Partners, L.P. (NYSE: EPB), today ...

Hess to Pursue Sale of Terminal Network and Exit Refining Business
Posted On Jan 28 ,2013 - 01:04-PM | by admin

Hess Corporation (NYSE: HES) announced today that it will pursue the sale of its terminal network in the United States. Hess also announced that it will complete its exit from the refining business by...

Former Ecuadorian Judge Admits Role in Orchestrating Fraudulent Judgment Against Chevron
Posted On Jan 28 ,2013 - 01:58-PM | by admin

Plaintiffs' Representatives Promised Presiding Judge $500,000 for a Fraudulent Ruling against Chevron, Funded Ongoing Judicial Ghostwriting Scheme A former Ecuadorian judge has acknowledged his dire...

Versalis and Yulex partner to produce guayule-based biorubber for consumer, medical and industrial applications
Posted On Jan 28 ,2013 - 01:52-AM | by admin

The partnership will cover the entire manufacturing chain from crop science to biorubber extraction to the construction of a biomass power station. Versalis, a global leader in elastomers and a su...

Neste Shipping to improve its operational efficiency and start statutory employer-employee negotiations
Posted On Jan 28 ,2013 - 01:44-AM | by admin

Neste Shipping to improve its operational efficiency and start statutory employer-employee negotiations Neste Oil's shipping subsidiary, Neste Shipping Oy, is to start an efficiency improvement progr...

OCEANTEAM SHIPPING ASA - NEW SHARE CAPITAL REGISTERED
Posted On Jan 25 ,2013 - 01:20-AM | by admin

Reference is made to the stock exchange notification from Oceanteam Shipping ASA, dated 23 November 2012. Following the exercise of the "Independent Subscription Rights I", a share capital increase in...

Chevron to Redeem Texaco Capital Bond on March 1, 2013
Posted On Jan 25 ,2013 - 01:13-AM | by admin

Chevron Corporation (NYSE: CVX) announced that the indenture trustee of the “Texaco Capital Inc. 7.5% Guaranteed Debentures Due 2043” with face value of $83.72 million has been notified that the b...

Aker Solutions awarded Aasta Hansteen umbilical contract
Posted On Jan 25 ,2013 - 01:15-AM | by admin

Aker Solutions has signed a contract with Statoil for the supply of deepwater umbilicals to the Aasta Hansteen field on the Norwegian Continental Shelf. The contract value is approximately NOK 280 mil...

CME Clearing Europe Expands its OTC Energy Offering with Two New European Natural Gas Contracts
Posted On Jan 25 ,2013 - 01:02-AM | by admin

CME Clearing Europe, CME Group's European clearing house, today announced that it has added two new over-the-counter (OTC) European natural gas forward contracts for clearing: the United Kingdom (UK) ...

CME Group Statement Regarding Jill Sommers
Posted On Jan 25 ,2013 - 01:55-AM | by admin

CME Group released the following statement in response to the announcement by the Commodity Futures Trading Commission (CFTC) that Commissioner Jill Sommers will be leaving the agency this year. "W...

Eni awarded three offshore exploration blocks in the Republic of Cyprus
Posted On Jan 24 ,2013 - 01:28-AM | by admin

Eni signed Exploration and Production Sharing Contracts with the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus, for Blocks 2, 3 and 9 Eni signed Exploration and Production Sh...

Technip awarded important contract by JBF Petrochemicals Ltd. for a world-scale petrochemical plant in India
Posted On Jan 24 ,2013 - 01:31-AM | by admin

Technip was awarded by JBF Petrochemicals, a wholly–owned subsidiary of JBF Industries Ltd, an important contract(1) for a 1.25 million tons per year latest-generation purified terephthalic acid (PT...

Heritage to Host Capital Markets Day
Posted On Jan 23 ,2013 - 01:59-PM | 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...

CME Group Announces 2013 Annual Meeting Date
Posted On Jan 23 ,2013 - 01:03-PM | by admin

CME Group (Nasdaq: CME) today announced that its 2013 Annual Meeting of Shareholders will be held at 3:30 p.m., Central Time, on Wednesday, May 22, 2013, in the Auditorium at CME Group, located at 20 ...

Genel Energy completes the acquisition of the remaining 49% interest in the Miran Block
Posted On Jan 23 ,2013 - 01:18-PM | by admin

Genel Energy announces that closing has taken place on its acquisition of the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq (the "Miran Bl...

Heritage Oil Completes the Disposal of the Remaining Interest in the Miran Block, Kurdistan
Posted On Jan 23 ,2013 - 01:56-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 ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an indep...

Noble Energy To Present At Credit Suisse Energy Summit
Posted On Jan 23 ,2013 - 01:52-AM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that Chuck Davidson, the Company's Chairman and CEO, will present at the Credit Suisse Energy Summit on Tuesday, February 5, 2013 at 8:40 a.m., Mountain ...

Neste Oil ranked the world's fourth most sustainable company on The Global 100 list
Posted On Jan 23 ,2013 - 01:09-AM | by admin

Neste Oil ranked the world's fourth most sustainable company on The Global 100 list Neste Oil has been selected for the seventh time for inclusion in The Global 100 list of the world's most sustainab...

Chevron Signs Agreement for Exploration Areas Offshore Morocco
Posted On Jan 22 ,2013 - 01:41-PM | by admin

Acreage expands Chevron's footprint offshore Africa Chevron Corporation (NYSE:CVX) announced that its subsidiary, Chevron Morocco Exploration Ltd, signed petroleum agreements with Morocco's Office...

Wintershall-sponsored exhibition at the National Gallery in Oslo
Posted On Jan 22 ,2013 - 01:59-PM | by admin

Emil Nolde exhibition delights Norway Embodiment of intercultural understanding: 50,000 people visited the Wintershall-sponsored exhibition at the National Gallery in Oslo. Oslo. The Norwegian cap...

WEST QURNA-2 FIELD: LUKOIL SIGNS SUPPLEMENT AGREEMENT TO SERVICE CONTRACT
Posted On Jan 22 ,2013 - 01:12-AM | by admin

Vagit Alekperov, OAO LUKOIL President, and the authorized representatives of the Iraqi state-owned companies, North Oil Company and South Oil Company, signed a Supplement Agreement to the Development ...

Gazprom Neft and GEOTECH Holding signed a long term agreement on seismic exploration
Posted On Jan 22 ,2013 - 01:24-AM | by admin

Gazprom Neft JSC and GEOTECH Holding CJSC have signed a three-year agreement for the conducting of seismic exploration work. The total area covered by the geophysical exploration under the contract ma...

Gazprom Neft acquires bitumen production facility in Kazakhstan
Posted On Jan 22 ,2013 - 01:39-AM | by admin

Gazprom Neft has acquired Bitumen Plant LLP, a new bitumen production facility with an annual capacity of 280,000 tonnes, located near Shymkent, in Southern Kazakhstan. Bitumen Plant LLP is one of...

Spring Energy acquisition
Posted On Jan 22 ,2013 - 01:22-AM | by admin

Tullow Oil plc (“Tullow”) announces the completion of its acquisition of Spring Energy Norway AS (“Spring”) that was previously announced on 11 December 2012. Roar Tessem, Spring’s CEO, will...

Eni and PetroVietnam sign MoU for the development of business opportunities in Vietnam and abroad
Posted On Jan 21 ,2013 - 01:10-PM | by admin

With regards to the partnership activities in the upstream sector, PetroVietnam will benefit from Eni’s substantial wealth of knowledge, proprietary technology and training skills. The President...

Oil-for-Food Trial in France
Posted On Jan 21 ,2013 - 01:42-PM | by admin

The Oil-for-Food trial began today in the Paris Criminal Court. The defendants include TOTAL S.A. and Christophe de Margerie, in his capacity as Senior Vice President, Middle East, at the time of the ...

RWE Dea awarded new operatorship in Norway
Posted On Jan 21 ,2013 - 01:20-PM | by admin

In the Awards in Predefined Areas 2012 (APA 2012), the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge two new production licences, one of which is an operatorship. RWE Dea Nor...

Key Petroleum continues drilling of Cyrene-1
Posted On Jan 21 ,2013 - 01:13-PM | by admin

Key Petroleum (ASX: KEY) has restarted drilling of its Cyrene-1 exploration well in the onshore Canning Basin, Western Australia. Managing director Kane Marshall said he was pleased that Key had ma...

PURA VIDA AWARDED NKEMBE BLOCK OFFSHORE GABON, WEST AFRICA
Posted On Jan 21 ,2013 - 01:21-PM | by admin

Pura Vida Energy NL (“Pura Vida” or the “Company”) (ASX: PVD) is pleased to announce that it has been awarded an 80% interest in a Production Sharing Contract for the Nkembe block, offshore Ga...

NIGC Processes 136 bcm of Gas
Posted On Jan 21 ,2013 - 01:56-PM | by admin

Iranian gas processing plants have processed more than 136 billion cubic meters of gas since the beginning of current Iranian calendar year, 20 March 2012, up by 5 percent against similar period last ...

Bechtel Awarded FEED Contract for a New LNG Project in Mozambique
Posted On Jan 21 ,2013 - 01:56-PM | by admin

Award Builds on Company’s Extensive Experience in LNG Delivery Bechtel has been selected by Anadarko Moçambique Area 1, Limitada to perform a front end engineering and design (FEED) for a new li...

Afren plc issues trading statement and operations update
Posted On Jan 21 ,2013 - 01:40-AM | by admin

Afren plc (“Afren” or the “Company”), issues the following trading statement and operations update, in advance of the Company’s 2012 full year results which are scheduled for release on 25 M...

PEDL133, Scotland – Successful Production Test Results
Posted On Jan 21 ,2013 - 01:26-AM | by admin

A 3-month production test of Airth 12 has been successfully completed. - Continuous production, with peak flow rates exceeding 0.8MMscf/d, was achieved over the test period. - Confirms well producti...

Three new licenses for Wintershall in Norway
Posted On Jan 18 ,2013 - 01:38-PM | by admin

Norwegian energy ministry awards three operatorships to Germany’s largest oil and gas producer Stavanger/Kassel. Wintershall is continuing its growth course in northern Europe: in the current lic...

PETRONAS ANNOUNCES OIL AND GAS DISCOVERY ONSHORE SARAWAK
Posted On Jan 18 ,2013 - 01:37-PM | by admin

PETRONAS wishes to announce the discovery of oil and gas via the Adong Kecil West-1 well in Block SK333, onshore Sarawak. The Adong Kecil West-1 well, located about 20 km northeast of Miri town, was ...

BP Energy Outlook 2030
Posted On Jan 18 ,2013 - 01:51-PM | by admin

Shows Increasing Impact of Unconventional Oil and Gas on Global Energy Markets Strong growth in production from unconventional sources of gas and oil will have a major impact on global energy mark...

Amenas Situation Update
Posted On Jan 18 ,2013 - 01:46-PM | by admin

The serious situation at the In Amenas site in Eastern Algeria remains ongoing. The situation remains unclear and BP continues to seek updates from the authorities. BP’s priority is the safety a...

GE Technology to Drive World’s Largest Wastewater Treatment Plant in Abu Dhabi
Posted On Jan 18 ,2013 - 01:28-PM | by admin

GE's Power Conversion business (NYSE: GE) today announced that it has won a contact of more than $10 million to supply eight pump drive trains, as well as process automation for the largest wastewater...

CNPC to Install GE Cogeneration Systems to Provide Beijing Data Center with Critical Power Supply
Posted On Jan 18 ,2013 - 01:47-PM | by admin

GE (NYSE: GE) today announced China National Petroleum Corporation (CNPC ) will install five of GE’s ecomagination-qualified, Jenbacher cogeneration systems at a new data center that CNPC is buildin...

GE Oil & Gas Wins US$500 Million Petrobras Contract
Posted On Jan 18 ,2013 - 01:37-PM | by admin

GE Technology Will be Used on Four New Floating Production, Storage and Offloading Units (FPSOs), All of Them for the Santos Basin (São Paulo State), in the Pre-Salt Fields GE Oil & Gas (GE) has w...

TAQA starts process to restore Brent crude oil flows
Posted On Jan 17 ,2013 - 01:32-PM | by admin

Abu Dhabi National Energy Company PJSC (TAQA) has begun the process of restoring the flow of an estimated 80,000 barrels per day (bpd) of crude oil in the Brent pipeline system following a precautiona...

Updated information about the incident in Algeria
Posted On Jan 17 ,2013 - 01:48-PM | by admin

"One day after the attack at In Amenas, we are still faced with an unresolved and very serious situation. There is a hostage situation at the facility," says Statoil's CEO Helge Lund. The In Amenas g...

Eni successfully drilled first oil delineation well of the Sankofa East oil discovery in offshore Ghana
Posted On Jan 17 ,2013 - 01:47-AM | by admin

Eni estimates the overall potential of the discovery to be around 450 million barrels of oil in place with recoverable resources of up to 150 million barrels. San Donato Milanese (Mi), 17 January ...

Tethys Oil announces Oman asset production
Posted On Jan 17 ,2013 - 01:52-AM | by admin

OMAN ASSET PRODUCTION AVERAGED 14,734 BOPD IN DECEMBER The production from Blocks 3 and 4 onshore the Sultanate of Oman amounted in December 2012 to 456,762 barrels of oil, corresponding to 14,734...

Chevron Acquires New Offshore China Acreage
Posted On Jan 17 ,2013 - 01:27-AM | by admin

Agreements with CNOOC cover two blocks in the Pearl River Mouth Basin Chevron Corporation (NYSE: CVX) announced today that its China subsidiary has entered into production sharing contracts (PSC) ...

TGS Commences 3D Multi-client Onshore Survey in Central Alberta, Canada
Posted On Jan 17 ,2013 - 01:29-AM | by admin

TGS, through its wholly-owned subsidiary Arcis Seismic Solutions, has commenced acquisition of a 3D multi-client onshore survey, Ille Lake, covering 180 km2 (70 mi2) in the deep basin of Central Alber...

Expro celebrates business success in the Middle East
Posted On Jan 17 ,2013 - 01:59-AM | by admin

International oilfield services company Expro has announced a highly successful year for activity in the Middle East and anticipates further strong growth in 2013. The company saw significant dema...

TGS Commences 3D Multi-client Seismic Survey Offshore Liberia
Posted On Jan 17 ,2013 - 01:43-AM | by admin

TGS has commenced acquisition of a 3D multi-client survey, Sunfish, which covers up to 7,800 km2 of highly prospective acreage in the Harper Basin, offshore Liberia. "This survey provides excell...

Shale Gas Fuels U.S. Manufacturing Renaissance
Posted On Jan 15 ,2013 - 01:20-AM | by admin

Abundant supplies help energy-intensive industries grow, create more jobs Abundant, affordable domestic natural gas is helping to revitalize energy-intensive industries like petrochemical manufac...

Falcon Oil & Gas Ltd. announces final approval of a multi-well drilling exploration program with Naftna Industrija Srbije Jsc ("NIS")
Posted On Jan 15 ,2013 - 01:34-AM | by admin

Falcon Oil & Gas Ltd. (TSX VENTURE:FO), (Falcon or the "Company") the Toronto listed and Dublin headquartered company focused on unconventional oil and gas exploration and production in Hungary, Austr...

Songa Offshore SE : December fleet update
Posted On Jan 15 ,2013 - 01:00-AM | by admin

Songa Venus achieved an operating efficiency of 100% during the month continuing working for Petronas Carigali in Malaysia. Songa Mercur achieved an operating efficiency of 98% during the month co...

Knowledge Reservoir Appoints Vice-President, Production Solutions
Posted On Jan 15 ,2013 - 01:19-AM | by admin

Knowledge Reservoir, a leading global energy consulting company, today announced the appointment of Dan Gualtieri to the position of Vice-President Production Solutions. Gualtieri will lead Knowled...

Friendship Pipeline to Carry Iran’s Gas to Iraq and Syria
Posted On Jan 14 ,2013 - 01:49-PM | by admin

A gas pipeline named Friendship will be constructed across Iran, Iraq and Syria territories. Petroleum ministry’s spokesperson, Alireza Nikzad Rahbar, made the remarks today at a press conference...

Africa Oil announces spud of Sabisa well in South Omo Permit in Ethiopia
Posted On Jan 14 ,2013 - 01:26-PM | by admin

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI) (OMX:AOI) is pleased to announce the commencement of drilling operations on the Sabisa-1 well in the South Omo Block in Ethiopia. The...

Lundin Petroleum spuds exploration well on the Ogna prospect in the Southern North Sea
Posted On Jan 14 ,2013 - 01:22-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of exploration well 8/5-1 in PL453S has commenced. The well will target the Ogna prospect, which is located some 65 km from ...

Balai cluster appraisal drilling update Balai-2
Posted On Jan 14 ,2013 - 01:14-PM | by admin

ROC advises that BC Petroleum Sdn Bhd ("BCP"), the Company incorporated to operate and manage the Balai Cluster Risk Service Contract ("RSC") in Malaysia, has drilled the Balai-2 well to a total depth...

Max Petroleum Plc provide drilling update
Posted On Jan 14 ,2013 - 01:28-PM | by admin

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the TOLW-1 exploration well on the Tolegen West prospe...

Dana Petroleum announces first oil production from Cormorant East Field in Northern North Sea
Posted On Jan 14 ,2013 - 01:13-PM | by admin

First oil has been brought on line from Cormorant East, a newly discovered oil field, in which Dana Petroleum has a 20 per cent stake. The initial production rate is approximately 5,500 barrels of oi...

Petrobras creates program to assess potential and use of natural gas produced from conventional and non-conventional reservoirs in Brazilian onshore sedimentary basins
Posted On Jan 13 ,2013 - 01:41-PM | by admin

Petrobras announces that its Executive Board has approved the creation of the Onshore Natural Gas Program (PRON-GAS), focused on the exploration, production and monetization of natural gas from the Br...

Dana Gas Achieves Added Value from NGL Extraction Plant in Egypt
Posted On Jan 13 ,2013 - 01:23-PM | by admin

Average flow rate of 75 mmscfd in first three months - Additional revenue from new plant was US$ 8 million - Revenue expected to double in line with planned growth in gas flow rate Dana Gas PJSC,...

Asha Noor well finds between 20 and 40 million barrels of oil
Posted On Jan 11 ,2013 - 01:08-PM | by admin

Wintershall, the largest internationally active German crude oil and natural gas producer, announces an oil discovery in the southern part of the Norwegian North Sea about 200 kilometers off the coast...

Brazil job for Aker Wayfarer
Posted On Jan 11 ,2013 - 01:10-AM | by admin

Aker Solutions subsidiary Aker Oilfield Services has signed a contract to provide subsea construction services offshore Brazil. Contract value is undisclosed. An undisclosed customer will utilise Ake...

Petrobras’ Proven Reserves in 2012
Posted On Jan 11 ,2013 - 01:27-AM | by admin

Petrobras announces its proved oil and natural gas reserves, assessed at the end of 2012 according to the criteria of the National Petroleum, Natural Gas and Biofuels Agency – ANP, Society of Pet...

Tullow continues to support capacity building through its scholarship scheme
Posted On Jan 11 ,2013 - 01:09-AM | by admin

Tullow Oil plc (Tullow) is pleased to announce that it will offer up to 114 scholarships across its countries of operation for the 2013/14 academic year. The application process for the Tullow G...

Tullow Oil plc Trading statement and operational update
Posted On Jan 11 ,2013 - 01:19-AM | by admin

Strengthened balance sheet; increased Jubilee production, Uganda farm-down proceeds, debt re-financing and reserve additions •Significant ongoing portfolio management; focus on high value oil and e...

Eni signs mid-term agreement for the sale of LNG to Japan and South Korea
Posted On Jan 11 ,2013 - 01:26-AM | by admin

Agreement to sell 28 LNG cargoes over the period 2013-2017 Eni has signed a tripartite agreement with Korea Gas Corporation and Chubu Electric Power Company for the sale of 28 cargoes of LNG (or 1...

Songa Offshore SE : handover of Songa Eclipse to Seadrill
Posted On Jan 11 ,2013 - 01:17-AM | by admin

Songa Offshore SE ("Songa") has today finalised the formal handover of Songa Eclipse to Seadrill in line with the Memorandum of Agreement from November 2012. As previously reported, Songa's net ...

New well off the coast of Espírito Santo confirms light oil accumulation
Posted On Jan 11 ,2013 - 01:31-AM | by admin

Petrobras announces that extension well 3-BRSA-1128-ESS, whose objective is to delineate the accumulation, has confirmed the presence of light oil and gas in sandstones reservoirs in the post-salt of ...

Songa Offshore strengthens the Board of Directors
Posted On Jan 11 ,2013 - 01:44-AM | by admin

Songa Offshore SE today announces an extension of its Board of Directors with the appointment of two new independent directors, Mr. Arnaud Bobillier (56) and Mr Steven James McTiernan (61). The newly ...

CARIS and EIVA partner to provide efficient solution for offshore surveys
Posted On Jan 09 ,2013 - 01:56-AM | by admin

CARIS and EIVA have signed a Memorandum of Understanding (MoU) to collaborate on providing offshore survey organizations with a tightly integrated and streamlined solution. Both companies develop stat...

ESG Solutions Announces Successful Deployment of Innovative Microseismic Acquisition System for Research Consortium
Posted On Jan 09 ,2013 - 01:26-AM | by admin

ESG Solutions, an industry leader in microseismic technology and services, is pleased to announce the successful deployment of its SuperCable™ microseismic acquisition system. In use by a Microseis...

ExxonMobil Researcher Tim Nedwed Recognized for Oil Spill Response Technology Development
Posted On Jan 09 ,2013 - 01:35-AM | by admin

Receives Edith and Peter O’Donnell Award for Technology Innovation •Awarded by The Academy of Medicine, Engineering and Science of Texas •Leads research program developing new methods and te...

Neste Jacobs and National Bioproducts Institute sign a biopharma agreement
Posted On Jan 09 ,2013 - 01:59-AM | by admin

Technology, engineering and project management company Neste Jacobs Oy and the South African plasma fractionation company National Bioproducts Institute have signed a service agreement covering produc...

Songa Offshore SE - Mandatory notification of trade
Posted On Jan 09 ,2013 - 01:50-AM | by admin

The board of directors of Songa Offshore SE has decided to award stock appreciation rights (or so-called "synthetic options") to certain key personnel of the Songa Offshore Group. The number of new st...

Shell Technology Center Houston relaunches after expansion and renovation
Posted On Jan 09 ,2013 - 01:25-AM | by admin

Shell today relaunched Shell Technology Center Houston, which has undergone extensive modernization and expansion to become one of the largest industrial technology centers in the world. The center...

Astora announces more useable gas in the Rehden natural gas storage facility
Posted On Jan 08 ,2013 - 01:28-PM | by admin

Working gas volume rises to 4.4 billion cubic meters Astora has been offering its customers additional capacities in the Rehden natural gas storage facility since 1 January 2013. The working gas vol...

New discovery of good quality oil in Transfer of Rights area
Posted On Jan 08 ,2013 - 01:56-PM | by admin

Petrobras announces that the fifth well drilled following the execution of the Transfer of Rights Agreement discovered good quality oil in the area known as Sul de Tupi (Tupi South), in the pre-salt o...

Kulluk drilling unit arrives in Kodiak Island safe harbour
Posted On Jan 08 ,2013 - 01:55-AM | by admin

Shell today confirmed its Arctic-class drilling unit, the Kulluk, has been safely towed to a safe harbour on Kodiak Island in the Gulf of Alaska, where it will undergo a thorough safety assessment bef...

RWE Dea supports social projects in Turkmenistan
Posted On Jan 08 ,2013 - 01:15-AM | by admin

RWE Dea has donated auxiliary supplies for physically challenged persons to the ‘Centre of Support of Disabled Persons of Turkmenistan’ in Ashgabat. In addition, the German oil and gas utility wil...

Technip awarded contract by GDF SUEZ E&P UK for the Juliet project
Posted On Jan 08 ,2013 - 01:32-AM | by admin

Technip was awarded by GDF SUEZ E&P UK Limited an engineering, procurement, installation and construction contract for the Juliet project, located 40 kilometers East of the Humberside estuary, at a wa...

African Petroleum Starts a Two Well Drilling Programme in Block LB-09 Liberia
Posted On Jan 08 ,2013 - 01:12-AM | by admin

African Petroleum Corporation Limited (NSX:AOQ) (“African Petroleum” or the “Company”) started drilling the Bee Eater-1 well in Block LB-09 offshore Liberia on the 4th January 2013 with Ocean ...

Petrobras starts commercial production at Sapinhoá field, in pre-salt of Santos Basin
Posted On Jan 08 ,2013 - 01:48-AM | by admin

Petrobras announces that with the start up of platform Cidade de São Paulo, on January 5th, it has initiated the commercial production of Sapinhoá field, located in block BM-S-9, in the pre-salt of ...

Aker Solutions boosts Canada presence
Posted On Jan 08 ,2013 - 01:46-AM | by admin

International oil service group Aker Solutions strengthens its commitment to the Canadian oil and gas market through taking full ownership of Newfoundland and Labrador-based AKCS Offshore Partner. ...

Transocean Ltd. and U.S. Department of Justice Reach Agreement on Deepwater Horizon Claims
Posted On Jan 04 ,2013 - 01:36-PM | by admin

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that it has reached an agreement with the U.S. Department of Justice to resolve certain outstanding civil and potential criminal claims against ...

New discovery in post-salt of Marlim Sul, Campos Basin
Posted On Jan 04 ,2013 - 01:33-PM | by admin

Petrobras announces the discovery of a new oil accumulation in a post-salt reservoir, in ultra-deep waters of Campos Basin. The discovery was made by well 4-MLS-105D-RJS, informally known as Mandarim...

Handover of Songa Eclipse
Posted On Jan 03 ,2013 - 01:37-PM | by admin

Songa Offshore SE ("Songa") has today finalised the formal handover of Songa Eclipse to Seadrill in line with the Memorandum of Agreement from November 2012. As previously reported, Songa's net ...

Dana Gas announced that it has made two new onshore gas discoveries in the Nile Delta Basin of Egypt
Posted On Jan 03 ,2013 - 01:37-PM | by admin

Two onshore discovery wells located in the Nile Delta Basin Both discoveries are close to Dana Gas's existing production facilities Initial estimates indicate the two discoveries could increase Da...

Technip awarded FEED contract by The Mosaic Company for proposed new ammonia plant in Louisiana
Posted On Jan 03 ,2013 - 01:47-PM | by admin

Technip was awarded by The Mosaic Company (NYSE: MOS) the front-end engineering and design (FEED) contract, as well as preparation of the corresponding engineering, procurement and construction (EPC) ...

Carcará well confirms huge potential of Block BM-S-8, in pre-salt of Santos Basin
Posted On Jan 03 ,2013 - 01:19-PM | by admin

Petrobras announces that drilling has been completed in well 4-SPS-86B (4-BRSA-971-SPS), located in block BM-S-8, in ultra-deep waters, in the pre-salt of Santos Basin. This is the third well drilled ...

Aker Solutions buys US produced water de-oiling product and services company
Posted On Jan 03 ,2013 - 01:19-PM | by admin

Aker Solutions is buying Separation Specialists Inc., a California-based provider of produced water de-oiling products and field services, which strengthens the international oil services company's po...

Petrobras submits declarations of commerciality for the Aruanã and Oliva accumulations
Posted On Jan 03 ,2013 - 01:52-PM | by admin

in the post-salt of Campos Basin Petróleo Brasileiro S.A – On December 28th, Petrobras submitted the Declarations of Commerciality to Brazil’s National Petroleum, Natural Gas and Biofuels Age...

Petrobras’s oil production in Brazil up 1.5% in November
Posted On Jan 03 ,2013 - 01:00-PM | by admin

Petróleo Brasileiro S.A. - Petrobras, announces that Petrobras’s domestic oil production in November reached 1,968,307 barrels per day (bpd), 1.5% higher than October. If added to the share operate...

Dirk Warzecha appointed Chief Operating Officer at RWE Dea AG
Posted On Jan 02 ,2013 - 01:34-PM | by admin

Effective as of 1 January 2013, Dirk Warzecha assumed the function of Chief Operating Officer (COO) at RWE Dea AG. In this position, he is the successor to Ralf to Baben, who retired from active duty ...

CONTRACT EXTENSION FOR BORGNY DOLPHIN
Posted On Jan 02 ,2013 - 01:27-PM | by admin

Dolphin Drilling Ltd. and Dolphin Drilling Brazil, subsidiaries of Fred. Olsen Energy ASA, have finalised an approximate one year contract extension with Petrobras for continued use of the semi-submer...

Heritage Oil Announces Shoreline Power has Exercised Option on Shoreline Natural Resources and Provides Production Update
Posted On Dec 31 ,2012 - 12:21-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 ("Heritage" or the "Company") (TSX:HOC)(LSE:HOIL), an indep...

Paine Electronics is now employee owned
Posted On Dec 29 ,2012 - 12:07-PM | by admin

Paine Electronics, a manufacturer of pressure transducers, transmitters and temperature products, announced today its new Employee Stock Ownership Plan (ESOP), effectively making it an employee‐owne...

ExxonMobil Commissions Singapore Petrochemical Plant Expansion
Posted On Dec 29 ,2012 - 12:02-PM | by admin

• Adds 2.6 million tonnes per year of new finished product capacity • World-scale facility increases jobs in Singapore • ExxonMobil begins producing specialty grade metallocene polymers in A...

Aker Solutions wins Gullfaks South contract
Posted On Dec 28 ,2012 - 12:04-AM | by admin

Aker Solutions has been awarded a topside modification contract by Statoil to increase oil recovery at Gullfaks South. Estimated contract value is NOK 180 million. The main object of the project is...

Chevron Subsidiary Acquires Operating Interest in Western Canada LNG Project
Posted On Dec 28 ,2012 - 12:58-AM | by admin

Proposed two-train project ideally located to meet rapidly growing Asia-Pacific demand Chevron Corporation (NYSE: CVX) today announced that its indirect Canadian subsidiary, Chevron Canada Limited...

Aker Solutions signs Alvheim contract
Posted On Dec 28 ,2012 - 12:47-AM | by admin

Aker Solutions has signed a contract with Marathon Oil Norge for the delivery of subsea trees to the Alvheim field on the Norwegian continental shelf. Contract value is undisclosed. The contract i...

Chevron Announces Two Discoveries Offshore Western Australia
Posted On Dec 28 ,2012 - 12:07-AM | by admin

Pinhoe-1 and Arnhem-1 discoveries expand natural gas resource potential in the Carnarvon Basin SAN RAMON, Calif.--(BUSINESS WIRE)--Dec. 27, 2012-- Chevron Corporation (NYSE: CVX) today announced fur...

Total Farms into the Bokhtar PSC Area in Tajikistan with a 33.335% Interest
Posted On Dec 28 ,2012 - 12:36-AM | by admin

Total announced that it had signed an agreement with Kulob Petroleum, a subsidiary of Tethys Petroleum, to farm into the Bokhtar PSC Area in Tajikistan with a 33.335% interest. Under the agreement, si...

Eni signs Heads of Agreement with Anadarko
Posted On Dec 21 ,2012 - 12:46-PM | by admin

For the development of common natural gas reservoirs in Mozambique Furthermore, the two companies will jointly plan and construct common onshore LNG liquefaction facilities in the Cabo Delgado Provin...

Statoil makes third discovery offshore Tanzania
Posted On Dec 21 ,2012 - 12:32-PM | by admin

Statoil today announces that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania. The Statoil-operated Lavani-2 well successfully appraised the...

ConocoPhillips Announces Intended Sale of Nigerian Business Unit
Posted On Dec 21 ,2012 - 12:28-AM | by admin

ConocoPhillips Announced Further Progress on Asset Disposition Program with Intended Sale of Nigerian Business Unit ConocoPhillips (NYSE: COP) announced it has entered into agreements to sell its ...

Oando PLC holds Completion Board Meeting to Raise N54.6 billion through Rights Issue
Posted On Dec 21 ,2012 - 12:18-AM | 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, today announced its plans to commenc...

Aker Solutions to deliver seventh drilling equipment package to Jurong in Brazil
Posted On Dec 21 ,2012 - 12:59-AM | by admin

Aker Solutions has won a contract to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. The contract value is undisclosed. ...

Anadarko Announces Advancement of Mozambique LNG Project
Posted On Dec 21 ,2012 - 12:30-AM | by admin

Reaches Heads of Agreement with Eni Awards Front-End Engineering and Design Contracts Anadarko Petroleum Corporation (NYSE: APC) today announced that it has reached Heads of Agreement (HOA) with En...

Neste Oil continues to protect its innovations and patents
Posted On Dec 21 ,2012 - 12:47-AM | by admin

Neste Oil Corporation has filed a new patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc. in the US District Court for the District of Delaware. This f...

Set of portfolio measures finalised at RWE Dea Egypt
Posted On Dec 20 ,2012 - 12:52-PM | by admin

RWE Dea AG reached an agreement with INA-INDUSTRIJA NAFTE d.d. on the sale of its 50% interest of the East Yidma Concession and with Apache Mediterranean Corporation of its 35% interest in the West Me...

ExxonMobil Employees Raise More Than $1.6 Million for North Texas Charities
Posted On Dec 20 ,2012 - 12:44-PM | by admin

Nearly 200 local nonprofit organizations benefit from employee-giving campaign ExxonMobil and its employees and retirees in North Texas raised more than $1.6 million for charitable organizations i...

Noble Energy Announces Its Fourth Quarter and Full Year Results Webcast and Conference Call
Posted On Dec 20 ,2012 - 12:49-PM | by admin

Noble Energy, Inc. (NYSE: NBL) will host its fourth quarter and full year 2012 results webcast and conference call at 9:00 a.m., Central Time, Thursday, February 7, 2013. The webcast will be acce...

Oil discovery in Colombia
Posted On Dec 20 ,2012 - 12:05-PM | by admin

Petrobras announces that its wholly-owned subsidiary Petrobras Colombia has confirmed the presence of oil at the Guando SW 1 well, in the Upper Magdalena Valley, Tolima Department, Colombia. The Gu...

Operating Costs Optimization Program at Petrobras
Posted On Dec 20 ,2012 - 12:15-PM | by admin

PROCOP: disclosure of cost reduction targets with potential savings of R$ 32 billion in the 2013-2016 period

Petrobras discloses the targets of the Operating Costs Optimization Program (Pro...

Knowledge Reservoir Appoints Full-time Representative in Canada
Posted On Dec 20 ,2012 - 12:34-PM | by admin

Knowledge Reservoir, a leading global energy consulting company, today announced the appointment of Mali Braun as Sales and Business Development Representative in Canada. Braun will represent Know...

Chariot Oil & Gas Board Changes
Posted On Dec 20 ,2012 - 12:17-PM | by admin

Chariot Oil & Gas Limited (AIM: CHAR), the Africa focused oil and gas exploration company, today announces changes to and a re-organisation of its Board. All of these changes are made with immediate ...

Aker Solutions signs contract with McDermott subsidiary
Posted On Dec 20 ,2012 - 12:12-PM | by admin

The international oil services provider Aker Solutions has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the Ichthys LNG Project. The contract is val...

Proposed disposal of Fortune Oil's Natural Gas Business
Posted On Dec 19 ,2012 - 12:23-PM | by admin

Fortune Oil (LSE: FTO.L) focuses on oil, natural gas and resource supply operations and investments, primarily in China. Fortune Oil is listed on the Main Market of the London Stock Exchange. Highl...

Max Petroleum Plc Drilling Update
Posted On Dec 19 ,2012 - 12:41-PM | by admin

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ESKN-1 exploration well on the Eskene North prospe...

ConocoPhillips Announces Intended Sale of Algerian Business Unit
Posted On Dec 19 ,2012 - 12:40-PM | by admin

ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell its Algerian business unit for a total of $1.75 billion plus customary adjustments. The proposed sale is subject to ...

Transocean Ltd. Provides Fleet Update Summary
Posted On Dec 19 ,2012 - 12:31-PM | by admin

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out of ser...

Neste Oil to produce renewable aviation fuel as part of the EU-funded ITAKA project
Posted On Dec 19 ,2012 - 12:24-AM | by admin

Neste Oil to produce renewable aviation fuel as part of the EU-funded ITAKA project Neste Oil has joined the ITAKA (Initiative Towards Sustainable Kerosene for Aviation) project, which is being funde...

CME Group Announces the Expansion of its Currency Product Suite
Posted On Dec 19 ,2012 - 12:26-AM | by admin

With the Addition of Indian Rupee FX Futures Contracts New Product Offering Aimed at Providing Global Customers Access into the Fast Growing Indian Market CME Group, the world's leading and most d...

Acquisition of Nitrogenated Fertilizer Plant in Paraná
Posted On Dec 19 ,2012 - 12:38-AM | by admin

Petrobras announces that it has entered into an agreement with Vale S.A. (“Vale”) to purchase 100% of the shares issued by Araucária Nitrogenados S.A. (“Araucária Nitrogenados”), located in ...

Heritage Oil Announces Acquisition of Common Shares of PetroFrontier Corp
Posted On Dec 19 ,2012 - 12:08-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 to Explore Offshore South Africa
Posted On Dec 17 ,2012 - 12:00-PM | by admin

• ExxonMobil affiliate to acquire 75 percent interest in Tugela South Exploration Right • Agreement with Impact Africa Limited includes future exploration rights • Independently awarded tech...

Malawian government awards prospecting licence to SacOil
Posted On Dec 17 ,2012 - 12:39-AM | by admin

Award of the onshore Petroleum Prospecting Licence Block 1 in Malawi SacOil, the African independent upstream oil & gas company, is pleased to announce the award of 100% equity interest and operator ...

Libyan Prime Minister Ali Zidan, Oil Minister Abdelbari al Arusiand Eni's CEO Paolo Scaroni meet in Tripoli
Posted On Dec 17 ,2012 - 12:04-AM | by admin

Libyan Prime Minister Ali Zidan, the Libyan Minister of Petroleum Abdelbari al Arusi, and Eni’s CEO Paolo Scaroni, met in Tripoli to discuss Eni's activities and future projects in the country. D...

BP Announces Sale of Non-Operated Interest in Sean to SSE PLC
Posted On Dec 17 ,2012 - 12:00-AM | by admin

BP announced today that, as part of its decision to market its stakes in non-operated North Sea assets, it has agreed to sell its interest in the Sean gas field in the UK North Sea to SSE plc for $288...

Dana $1.6bn oil and gas development gets go ahead
Posted On Dec 17 ,2012 - 12:03-AM | by admin

A $1.6 billion project to develop two oil fields in the North Sea, led by Aberdeen-based Dana Petroleum, was given the go-ahead today. The Department of Energy and Climate Change has approved the W...

Tap Oil, Zola and Tallaganda gas fields
Posted On Dec 14 ,2012 - 12:36-PM | by admin

RESPONSE TO MEDIA SPECULATION – GAS ASSETS Tap Oil Limited (ASX Code: TAP) notes the media speculation in today’s The Australian Financial Review regarding the potential sale of some or all of Ta...

Tap Oil Limited,FARMOUT - OFFSHORE ACCRA CONTRACT AREA, GHANA
Posted On Dec 14 ,2012 - 12:21-PM | by admin

Tap Oil Limited (ASX Code: TAP) is pleased to announce that the Contractor Group has executed a farmout of a portion of their interests in the Offshore Accra Contract Area, Ghana. Under the terms ...

Neste Oil's Board of Directors decided on a new long-term share-based incentive plan
Posted On Dec 14 ,2012 - 12:47-PM | by admin

Neste Oil's Board of Directors has decided to establish a new long-term share-based incentive plan for the Group's senior management and nominated key personnel. The aim of the plan is to align the ob...

New controls announced for shale gas exploration in the UK
Posted On Dec 13 ,2012 - 12:04-PM | by admin

Energy and Climate Change Secretary Edward Davey today announced that exploratory hydraulic fracturing (fracking) for shale gas can resume in the UK, subject to new controls to mitigate the risks of s...

Eni signs agreement for the acquisition of a new exploration block offshore Pakistan
Posted On Dec 13 ,2012 - 12:08-PM | by admin

The Block, which is approximately 7,500 square kilometers, is located in ultra deep water of an underexplored and promising area offshore Pakistan. San Donato Milanese (Milan), 13 December 2012 -...

Neste Oil signs agreement to sell its retail stations in Poland to Shell
Posted On Dec 13 ,2012 - 12:53-PM | by admin

Neste Oil signs agreement to sell its retail stations in Poland to Shell Neste Oil and Shell have signed an agreement that Shell Polska SP. Z O.O. will buy Neste Oil's station network (Neste Polsk...

Hess Announces Pecan-1 Discovery Offshore Ghana
Posted On Dec 12 ,2012 - 12:11-PM | by admin

Hess Corporation (NYSE: HES) announced today that it filed a notice of discovery with the Ghana National Petroleum Corporation for the Pecan-1 exploration well located in the Deepwater Tano / Cape Thr...

Aker Solutions wins drilling riser contract
Posted On Dec 12 ,2012 - 12:29-PM | by admin

Aker Solutions has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea. The 10 000 f...

Dana Gas announces terms of US$1 billion Sukuk refinancing
Posted On Dec 12 ,2012 - 12:47-PM | by admin

Significant reduction of outstanding debt to US$850 million with overall lower debt servicing requirements • Deal structured to ensure that potential dilution of shareholders remains substantiall...

Dana targets new prospect in Norwegian Sea
Posted On Dec 12 ,2012 - 12:55-PM | by admin

Dana Petroleum has started drilling a new prospect in the Norwegian Sea in partnership with the operator Maersk Oil Norway. The drilling rig Transocean Barents has started operations on the Albert pr...

Aker Solutions awarded global frame agreement with Shell
Posted On Dec 12 ,2012 - 12:28-PM | by admin

The international oil services provider Aker Solutions has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally. The size of the frame agreement is dependen...

Tullow Oil plc, Acquisition of major oil exploration portfolio in Norway
Posted On Dec 12 ,2012 - 12:15-PM | by admin

Planned disposal of UK and Dutch gas assets Tullow Oil plc (“Tullow”) announces today that it has entered into an agreement to acquire Spring Energy Norway AS (“Spring”), a Norwegian explor...

Tullow Operational Update
Posted On Dec 12 ,2012 - 12:42-PM | by admin

Tullow Oil plc (Tullow) announces today that in Ghana, West Africa, Jubilee Phase 1A production has commenced and the Okure-1 exploration well has encountered low net to gross oil bearing reservoir in...

Songa Offshore SE: November fleet update
Posted On Dec 12 ,2012 - 12:56-PM | by admin

Songa Venus achieved an operating efficiency of 98% during the month. The rig continues to operate for Petronas Carigali in Malaysia. Songa Mercur achieved an operating efficiency of 100% during t...

Discovery of new light oil accumulation in Sergipe-Alagoas Basin
Posted On Dec 12 ,2012 - 12:24-PM | by admin

Petrobras informs the discovery of a new light oil accumulation in ultra deep waters of Sergipe-Alagoas Basin, at concession area BM-SEAL-11, located in block SEAL-M-349. The discovery took place duri...

Eni's CEO meets President of the Republic of Mozambique
Posted On Dec 12 ,2012 - 12:47-PM | by admin

Eni’s ongoing training and sustainability initiatives in Mozambique and its support of the country’s future infrastructure developments were also reviewed. The President of the Republic of Moz...

Eni restarts exploration drilling activities in Libya
Posted On Dec 07 ,2012 - 12:08-PM | by admin

The well, operated by the fully owned subsidiary Eni North Africa, will reach a total depth of 14,500 feet and will test a new geological play in the EPSA IV 2008 Contract Area A. Eni announces it...

New discoveries in Mozambique
Posted On Dec 07 ,2012 - 12:45-PM | by admin

Discoveries made at Mamba South 2 and Coral 2 delineation wells add 6 trillion cubic feet (tcf) plus to the resources of Area 4 . ■ Full potential of Mamba Complex in Area 4 is estimated at ...

Noble Energy Announces 2013 Capital Program And Guidance
Posted On Dec 07 ,2012 - 12:21-AM | by admin

Provides Fourth Quarter 2012 Updates Noble Energy, Inc. (NYSE: NBL) today announced its 2013 capital program and guidance, and provided updates to the fourth quarter of 2012. Total capital expe...

Noble Energy Announces Highlights of 2012 Analyst Conference
Posted On Dec 07 ,2012 - 12:57-AM | by admin

Noble Energy, Inc.'s (NYSE: NBL) senior management is hosting a conference today in Houston, Texas with analysts and investors to discuss the Company's current operations, future plans and operational...

Rosneft and ExxonMobil Sign Agreement for Western Siberia Tight Oil Pilot Project
Posted On Dec 07 ,2012 - 12:08-AM | by admin

Rosneft and ExxonMobil today signed a Pilot Development Agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov form...

Tullow announces the retirement of Steven McTiernan as a Non-executive Director
Posted On Dec 06 ,2012 - 12:29-AM | by admin

Tullow Oil plc (Tullow) announces the retirement of Steven McTiernan as a Non-executive Director of Tullow as of 31 December 2012. Having joined the Board on 1 March 2002, Steven has served as a D...

CME Group Inc. Declares Annual Variable Dividend of $1.30 Per Share
Posted On Dec 06 ,2012 - 12:50-AM | by admin

CME Group Inc. (NASDAQ: CME) today declared its annual variable dividend, amounting to $1.30 per share. The dividend is payable December 28, 2012, to shareholders of record December 17, 2012. When C...

Chevron Announces $36.7 Billion Capital and Exploratory Budget for 2013
Posted On Dec 06 ,2012 - 12:24-AM | by admin

Chevron Corporation (NYSE: CVX) today announced a $36.7 billion capital and exploratory investment program for 2013. Included in the 2013 program are $3.3 billion of planned expenditures by affiliates...

Cougar Drilling Solutions Enters North America Directional Drilling Market with Paradigm Sysdrill
Posted On Dec 05 ,2012 - 12:50-PM | by admin

Paradigm Sysdrill used by CDS to plan and drill with impressive results. Paradigm™ (www.pdgm.com) announced today that Cougar Drilling Solutions (CDS) (www.cougards.com) has adopt...

New ultra deepwater discovery in Sergipe-Alagoas Basin
Posted On Dec 05 ,2012 - 12:36-PM | by admin

Petróleo Brasileiro S.A. – Petrobras informs the discovery of a new light hydrocarbon accumulation in ultra deepwaters of the Sergipe-Alagoas Basin, at concession area BM-SEAL-10, located in block ...

Total announces significant oil discovery in the Gulf of Mexico
Posted On Dec 05 ,2012 - 12:35-PM | by admin

Total announces a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. The discovery well encountered several hundred feet of net oil pay i...

Paradigm Inaugurates Its Online University Program
Posted On Dec 05 ,2012 - 12:01-AM | by admin

Innovative Web-based eLearning is offered as an expansion of the company’s Global Training Program. ...

Aker Solutions extends growth ambitions
Posted On Dec 05 ,2012 - 12:10-AM | by admin

Aker Solutions today announces at the company's capital markets day that it is on track to meet its 2015 growth targets - and that it expects growth in revenues and margins to continue into at least 2...

Dana Gas receives Kurdistan payment
Posted On Dec 04 ,2012 - 12:24-PM | by admin

Dana Gas the Middle East’s first and largest regional and private-sector natural gas company, announces that it yesterday received its share of the recent payment made by Iraq's Federal Government t...

CME Group Volume Averaged 11.0 Million Contracts per Day in November 2012
Posted On Dec 04 ,2012 - 12:11-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced that November 2012 volume averaged 11.0 million contracts per day, down 16 percent from November 2011, but up 1...

Wintershall makes oil discovery in the Dutch North Sea
Posted On Dec 04 ,2012 - 12:59-PM | by admin

Wintershall announces an oil discovery in exploration licence F17a in the Dutch North Sea about 120 kilometers north of Den Helder. Exploration well F17-10 found a Late Cretaceous Chalk reservoir of ...

Well result – Zaedyus-2, offshore French Guiana
Posted On Dec 04 ,2012 - 12:23-AM | by admin

Following speculation in the French press, Tullow Oil plc (Tullow) announces that the Zaedyus-2 appraisal well (GM-ES-2), offshore French Guiana, has completed drilling. The well, drilled 5km up-dip f...

Total makes a new oil discovery in the North Sea
Posted On Dec 03 ,2012 - 12:49-AM | by admin

Total announces that its affiliate Total E&P Norge has made an oil discovery in the Garantiana prospect located on Production License 554 (PL554) in the Norwegian North Sea, 185 kilometers northwest o...

Capital One Southcoast Energy Conference
Posted On Dec 03 ,2012 - 12:20-AM | by admin

Anadarko to Present at Upcoming Energy Conferences Anadarko Petroleum Corporation (NYSE: APC) today announced that Sr. Vice President, U.S. Onshore Exploration and Production, Chuck Meloy will pres...

Strategic Partner For Leviathan
Posted On Dec 03 ,2012 - 12:34-AM | by admin

Noble Energy Announces Strategic Partner For Leviathan Noble Energy, Inc. (NYSE: NBL) today announced that the partners in the Leviathan Project have agreed in principle on a proposal to sell 30 pe...

Petrobras cancels the process to contract five leased ultra-deep water drilling rigs from the Ocean Rig Group
Posted On Nov 30 ,2012 - 11:17-PM | by admin

Petrobras informs that it cancelled today the process to contract five drilling rigs, capable of drilling up to 3,000 meters of water depth, with the Ocean Rig Group. This decision is based on the...

BP to Sell Package of Central North Sea Assets to Taqa for $1.1 Billion
Posted On Nov 29 ,2012 - 11:12-AM | by admin

BP announced today that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and produc...

EPA’s Temporary Suspension Does Not Affect BP's Existing Contracts with US Government
Posted On Nov 29 ,2012 - 11:48-AM | by admin

Company working with EPA to demonstrate "present responsibility" and have temporary suspension lifted Today’s announcement by the US Environmental Protection Agency (EPA) regarding BP’s tempora...

Eni launches prototype photovoltaic plant based on luminescent solar concentrators
Posted On Nov 27 ,2012 - 11:52-PM | by admin

The plant, which will be used as an outdoor laboratory for the testing of the new devices, is a dedicated parking facility for electric vehicles and allows to charge the batteries through the current ...

Noble Energy Announces Big Bend Discovery And Scotia Results
Posted On Nov 27 ,2012 - 11:42-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced a discovery at the Big Bend exploration prospect in the deepwater Gulf of Mexico. The well, located in 7,200 feet of water on Mississippi Canyon Block 6...

Dana Gas Signs Gas Field Agreements with Sharjah and Ajman
Posted On Nov 27 ,2012 - 11:21-PM | by admin

Dana Gas the Middle East’s first and largest regional and private-sector natural gas company has signed a set of agreements with the Sharjah and Ajman Governments to jointly develop the shared field...

Agreements signed with Amorim Energia for the sale of the stake in Galp Energia amended
Posted On Nov 27 ,2012 - 11:12-AM | by admin

Eni S.p.A and Amorim Energia B.V. have made certain amendments to the terms and conditions of one of the agreements entered into on 29 March 2012 San Donato Milanese (MI), 26 November 2012 – Eni ...

Cresent announces major contract win to supply training products to BP Iraq
Posted On Nov 26 ,2012 - 11:51-PM | by admin

Aberdeen-based Cresent is delivering the most significant contract in its 30-year history after signing a multi-million pound deal to supply health and safety training products for workers in Iraq’s...

BP Appoints New Upstream Head
Posted On Nov 26 ,2012 - 11:49-AM | by admin

BP today announced the appointment of Lamar McKay as Chief Executive, Upstream. He will take up the position with effect from January 1, 2013. In his new role, McKay will lead BP’s combined Upst...

BP, Rosneft and Rosneftegaz Sign Definitive Agreements Relating to the Sale of BP’s Interest in TNK-BP and BP’s Investment in Rosneft
Posted On Nov 26 ,2012 - 11:46-AM | by admin

BP, Rosneft and Rosneftegaz -- the state-owned parent company of Rosneft -- have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 per cent interest in TNK-BP...

Anadarko to Present at Global Energy Conference
Posted On Nov 26 ,2012 - 11:54-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced that Vice President of Investor Relations and Communications John Colglazier will present at the Jefferies 2012 Global Energy Conference on W...

Songa Offshore SE : Report for the third quarter 2012
Posted On Nov 26 ,2012 - 11:28-AM | by admin

Songa Offshore SE ("Songa" or the "Company") reports operating revenue for the third quarter 2012 of USD 145.4 million with a total loss of USD 108.4 million, following an impairment loss of USD 116.8...

Twiga South-1 Oil Discovery
Posted On Nov 26 ,2012 - 11:30-AM | by admin

Tullow Oil plc (Tullow) announces that the Twiga South-1 exploration well in Block 13T, onshore Kenya, has encountered 30 metres of net oil pay with further potential to be assessed on test and has al...

Complaint details apparent breaches of ethical duties to the citizens of the State of New York
Posted On Nov 22 ,2012 - 11:51-PM | by admin

Chevron Corp. (NYSE: CVX) filed a complaint before the New York State Joint Commission on Public Ethics today, seeking an investigation of New York State Comptroller Thomas DiNapoli as well as current...

Aker Solutions acquires Thrum Energy
Posted On Nov 22 ,2012 - 11:58-PM | by admin

Aker Solutions, the international oil services provider, is buying Canadian asset integrity management (AIM) company Thrum Energy Inc. The acquisition will grow Aker Solutions' AIM portfolio and incre...

Aker Solutions ASA: NPS transaction update
Posted On Nov 21 ,2012 - 11:47-AM | by admin

Aker Solutions has today ended the process to acquire the Dubai-headquartered oil services company NPS Energy. Aker Solutions announced an agreement to buy the shares in NPS Energy on 21 May 2012. ...

Tullow Oil Agrees Farm-in to Guinea Concession
Posted On Nov 20 ,2012 - 11:35-PM | by admin

Hyperdynamics Corporation today issued the following press release: Hyperdynamics Corporation (NYSE: HDY) today announced that its wholly owned subsidiary, SCS Corporation Ltd, has entered into an ...

Simba Energy Retains Executive Search Consultant Preng & Associates
Posted On Nov 20 ,2012 - 11:57-PM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSX.V: SMB; Frankfurt: GDA; OTCQX: SMBZF), the pan-African onshore exploration oil & gas company, is pleased to announce that it has retained executive se...

Total announces the sale of its participating interest in the offshore OML 138 in Nigeria
Posted On Nov 19 ,2012 - 11:48-PM | by admin

Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately ...

Shell celebrates 40 years of Scenarios
Posted On Nov 19 ,2012 - 11:44-AM | by admin

Scenario planning helps Shell make critical business decisions Forty years ago, in 1972, work began on what many people regard as the first Shell Scenarios document, published the following year, t...

BP Announces Resolution of All Criminal and Securities Claims by U.S. Government Against Company Relating to Deepwater Horizon Accident
Posted On Nov 16 ,2012 - 11:25-PM | by admin

•Resolution of all criminal claims with Department of Justice includes $4 billion paid in installments over a period of five years •Resolution of all securities claims with Securities and Exchang...

Statement About Proposed Resolutions of US Federal Government Criminal and SEC Claims Against BP in Connection with the Deepwater Horizon Incident Release
Posted On Nov 16 ,2012 - 11:14-PM | by admin

BP confirms that it is in advanced discussions with the United States Department of Justice (DoJ) and the Securities & Exchange Commission (SEC) regarding proposed resolutions of all US federal govern...

BP and AAR Settle All Outstanding Disputes
Posted On Nov 16 ,2012 - 11:15-PM | by admin

BP and AAR, joint shareholders in TNK-BP, today announced that they have reached a comprehensive agreement to settle all outstanding disputes between them, including the current arbitrations brought b...

Aker Solutions ASA: Invitation to Aker Solutions' Capital markets day 2012
Posted On Nov 15 ,2012 - 11:15-AM | by admin

Aker Solutions is delighted to invite you to our annual Capital markets day on 5 December 2012. The executive chairman, Øyvind Eriksen and the executive management team will share insights into A...

Heritage Oil Interim Management Statement
Posted On Nov 15 ,2012 - 11:43-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...

Heritage Oil Plc: Block Listing
Posted On Nov 15 ,2012 - 11:54-AM | by admin

Applications have been made to the UK Listing Authority (the "UKLA") and the London Stock Exchange (the "LSE") for the block listing and admission to trading on the Official List of the UKLA and the M...

Qatar Petroleum and Total sign new agreement on Al Khalij oil field for a further 25 years
Posted On Nov 15 ,2012 - 11:24-AM | by admin

His Excellency Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry of the State of Qatar, Chairman and Managing Director of Qatar Petroleum, and Yves-Louis Darricarrère, Total’s Preside...

Songa Offshore SE : October fleet update
Posted On Nov 15 ,2012 - 11:24-AM | by admin

Songa Venus achieved an operating efficiency of 100% during the month. The rig continues to operate for Petronas Carigali in Malaysia. Songa Mercur continued its operational preparations in Trinida...

BASF and Gazprom agree on asset swap
Posted On Nov 15 ,2012 - 11:11-AM | by admin

BASF to increase oil and gas production and exit gas trading and storage business BASF Group company Wintershall to receive 25% plus one share in the blocks IV und V in the Achimov formation of the ...

Tullow Oil Interim Management Statement
Posted On Nov 15 ,2012 - 11:53-AM | by admin

Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 July to 14 November 2012, in accordance with reporting requirements of the EU Transparency Directive. The Gr...

OANDO EARNINGS FORECAST FOR THE FOURTH QUARTER ENDING 31 DECEMBER 2012.
Posted On Nov 13 ,2012 - 11:56-PM | by admin

In terms of the Listings Requirements and Rules governing listing on the Nigerian Stock Exchange, Oando is pleased to provide the following income statements forecast for the fourth quarter ending 31 ...

Afren plc , announces its Interim Management Statement
Posted On Nov 13 ,2012 - 11:24-AM | by admin

Afren plc (“Afren” or the “Company”), announces its Interim Management Statement and financial results for the nine months ended 30 September 2012 and an update on its operations year-to-date ...

Total introduces Awango by Total, Solar solutions to improve access to energy
Posted On Nov 12 ,2012 - 11:34-PM | by admin

To enable off-grid, low-income communities to meet some of their most basic everyday needs, Total has introduced Awango by Total, a line of innovative, reliable solar lighting and phone charging solut...

Hess Explores Sale of Interests in Russia
Posted On Nov 12 ,2012 - 11:28-PM | by admin

Hess Corporation (NYSE: HES) announced today that as part of the company’s strategic reshaping of its portfolio it will pursue the sale of its Russian subsidiary Samara-Nafta, which produces approxi...

RWE Dea awarded new concession in Egypt
Posted On Nov 12 ,2012 - 11:30-AM | by admin

RWE Dea has been awarded a new offshore concession in Egypt, East Ras Budran Offshore. The block was offered in the International Bid Round 2011 of the Egyptian General Petroleum Corporation (EGPC). ...

SPDC completes 8th Nigerian Oil Mining Lease sale
Posted On Nov 09 ,2012 - 11:40-PM | by admin

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in Oil Mining Lease 30 (OML30) in the...

Dana boosts exploration and production activities in Egypt
Posted On Nov 09 ,2012 - 11:46-AM | by admin

Dana Petroleum plc (‘Dana’) is bringing new wells into production in Egypt, through its Joint Venture company Zeitco – and has also been successful in the 2011 EGPC bidding process. Dana com...

Anadarko to Present at Upcoming Energy Conference
Posted On Nov 09 ,2012 - 11:29-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced that President and CEO Al Walker will present at the Bank of America Merrill Lynch 2012 Global Energy Conference on Tuesday, Nov. 13, 2012, a...

Flare gas recovery specialists, Transvac, to present at Abu Dhabi's ADIPEC exhibition
Posted On Nov 08 ,2012 - 11:29-PM | by admin

Flare gas recovery specialists, Transvac, are all set to present their zero-flare ejectors to delegates at Abu Dhabi's ADIPEC exhibition next week. Transvac is the world's leading supplier of Ejector ...

Total acquires a 75% interest in two onshore exploration blocks
Posted On Nov 08 ,2012 - 11:56-PM | by admin

Total announces the acquisition of a 75% interest in two Kazakhstan’s Concessions, the “North” and “South” blocks, previously operated by Kazakh Company Nurmunai Petrogas LLP. These two ...

Tullow secures US$3.5 billion debt refinancing
Posted On Nov 07 ,2012 - 11:54-PM | by admin

Tullow Oil plc (Tullow) is pleased to announce that it has closed the refinance of US$3.5 billion of Reserves Based Lend (“RBL”) credit facilities. The arrangements are fully committed, secured an...

Total starts South Mahakam production ahead of schedule
Posted On Nov 07 ,2012 - 11:23-AM | by admin

Total announces the start-up of its South Mahakam gas condensate project two months ahead of schedule. The South Mahakam is part of the program being implemented to offset production decline impa...

Anadarko Declares Dividend
Posted On Nov 07 ,2012 - 11:04-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 9 cents per share, payable Dec. 26, 2012 to stockholders ...

ExxonMobil Supports Hurricane Sandy Disaster Relief and Recovery
Posted On Nov 06 ,2012 - 11:24-AM | by admin

American Red Cross to Receive $1 million in Assistance ExxonMobil continues to work to support distribution of gasoline and fuel throughout the area affected by Hurricane Sandy and is donating $1 ...

Simba Energy Announces Passive Seismic Survey Results, Block 2A, Kenya
Posted On Nov 06 ,2012 - 11:12-AM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African onshore oil & gas explorer, is pleased to announce the results of the Infrasonic Passive Differe...

PanAtlantic Exploration Company Adopts Paradigm Subsurface Software Suite for International Deepwater Exploration and Production Projects
Posted On Nov 06 ,2012 - 11:45-AM | by admin

Paradigm solutions to improve cycle times and enhance subsurface reliability. Paradigm™ (www.pdgm.com) announced today that PanAtlantic Exploration Company has adopted Paradigm ge...

Hess Corporation Donates $5 Million to Hurricane Relief in New York and New Jersey
Posted On Nov 06 ,2012 - 11:26-AM | by admin

Hess Corporation (NYSE: HES) announced that is has donated $5 million to relief efforts in New York and New Jersey following Hurricane Sandy. “We are deeply concerned about the welfare of all th...

Aker Solutions ASA: third quarter results 2012
Posted On Nov 02 ,2012 - 11:28-PM | by admin

Aker Solutions' operating revenues were NOK 11 158 million in the third quarter of 2012. Year-to-date revenues are 32 per cent higher than in the first nine months of 2011. Quarterly earnings before i...

Declaration of Natural Gas Volume in Peru
Posted On Nov 02 ,2012 - 11:10-PM | by admin

Petrobras announces that 3 wells (Urubamba, Picha and Taini) drilled in Lot 58, at the Madre de Dios Basin, Peru, contain natural gas and condensate totaling a volume of contingent resources (recovera...

Total announces its interim dividend for the third quarter 2012
Posted On Nov 02 ,2012 - 11:15-PM | by admin

The Board of Directors of Total approved a third quarter 2012 interim dividend of 0.59 euros per share, payable in euros according to the following timetable: Ex-dividend d...

First oil at Okoro Extension
Posted On Nov 02 ,2012 - 11:31-PM | by admin

Afren plc ("Afren" or the “Company”) announces that production has commenced from the Okoro Field Extension, offshore south east Nigeria, at a stabilised rate of 5,000 bopd of 38° API oil, increa...

Wintershall awarded for Libya communications
Posted On Nov 02 ,2012 - 11:19-PM | by admin

The International German PR Award 2012 hounours responsibiltiy assumed by Wintershall in the partner country Kassel / Wiesbaden. The Arab Spring came not just as a surprise for the people in Nort...

Eni announces results for the third quarter and the nine months of 2012
Posted On Nov 02 ,2012 - 11:44-PM | by admin

Continuing operations: - Adjusted operating profit: €14.80 billion for the nine months (up 13.9%); €4.36 billion for the quarter (up 2.2%); - Adjusted net profit: €5.61 billion for the nine mo...

Anadarko Announces Third-Quarter Results
Posted On Nov 02 ,2012 - 11:12-PM | by admin

Increases Full-Year Sales-Volumes Guidance Anadarko Petroleum Corporation (NYSE: APC) announced third-quarter 2012 income attributable to common stockholders of $121 million, or $0.24 per share (d...

Dana Petroleum awarded new North Sea acreage
Posted On Nov 02 ,2012 - 11:58-PM | by admin

Dana Petroleum plc (“Dana”) has secured a further 22 blocks and partial blocks over seven areas in the North Sea in the UKCS 27th licencing round. Of the awarded blocks, Dana is operator of block...

Neste Oil adds NExBTL renewable naphtha suitable for producing bioplastics to its corporate customer product range
Posted On Oct 30 ,2012 - 10:00-PM | by admin

Neste Oil adds NExBTL renewable naphtha suitable for producing bioplastics to its corporate customer product range Neste Oil - the world's largest producer of renewable diesel - has launched the comm...

SECURE FIVE YEAR DRILLING CONTRACT FOR HARSH ENVIRONMENT SEMI-SUBMERSIBLE NEWBUILD
Posted On Oct 30 ,2012 - 10:56-PM | by admin

Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, has entered into a contract with an undisclosed client, for the provision of the new build Moss Maritime CS 60 E design semi-submersible ...

Neste Oil inaugurates Europe's first pilot plant for producing microbial oil from waste and residues
Posted On Oct 30 ,2012 - 10:24-PM | by admin

Neste Oil inaugurates Europe's first pilot plant for producing microbial oil from waste and residues Neste Oil is celebrating the official opening of Europe's first pilot plant for producing microbia...

Dana Gas Achieves 9 Months Net Profit Increase of 37%
Posted On Nov 02 ,2012 - 11:36-PM | by admin

Dana Gas PJSC the Middle East’s largest regional private sector natural gas company, announces its financial results for the nine months ended 30 September 2012 with a net profit after tax of AED 49...

Royal Dutch Shell plc third quarter 2012 results and interim dividend announcement
Posted On Nov 02 ,2012 - 11:51-PM | by admin

At 07.00 GMT (08.00 CET and 03.00 EST) on Thursday, November 1, 2012 Royal Dutch Shell plc released its third quarter results and third quarter interim dividend announcement for 2012. .•Royal Dut...

Oceanteam Shipping ASA Q3 2012 investor presentation
Posted On Nov 02 ,2012 - 11:47-PM | by admin

Oceanteam Shipping ASA cordially invites you to attend a corporate presentation of the company’s Q3 2012 results. The presentation will be held in Oslo: Thursday, 8 November 2012, 8:00 CET Hote...

Neste Oil again voted one of the world's 'hottest' bioenergy companies
Posted On Nov 02 ,2012 - 11:17-PM | by admin

Biofuels Digest, one of the leading online news media in the bioenergy field, has again listed the world's 'hottest' companies in the industry, this time for 2012-2013, and ranked Neste Oil 21st as of...

Neste Oil's Nomination Committee appointed
Posted On Nov 02 ,2012 - 11:41-PM | by admin

The following persons have been appointed to Neste Oil Annual General Meeting's Nomination Committee: Senior Financial Counselor Jarmo Väisänen from the Ownership Steering Department at the Prime Mi...

Aker Solutions secures extended well service agreement with Statoil
Posted On Nov 02 ,2012 - 11:28-PM | by admin

Statoil has exercised a two-year contract option with Aker Solutions for provision of mechanical wireline services on Statoil operated fields and mobile drilling units on the Norwegian continental she...

Chevron Reports Third Quarter Net Income of $5.3 Billion, Compared to $7.8 Billion in Third Quarter 2011
Posted On Nov 02 ,2012 - 11:09-PM | by admin

• Upstream progresses key projects in support of long-term growth • Downstream reaches additional repositioning milestones Chevron Corporation (NYSE: CVX) today reported earnings of $5.3 bi...

Chevron Announces Quarterly Dividend
Posted On Nov 02 ,2012 - 11:46-PM | by admin

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of ninety cents ($0.90) per share, payable December 10, 2012, to holders of common stock as shown on the t...

Chevron Statement on Ecuador Judgment Enforcement Action
Posted On Nov 02 ,2012 - 11:32-PM | by admin

In response to media reports that the Lago Agrio plaintiffs' lawyers have initiated recognition and enforcement actions of their fraudulent judgment in Argentina, Chevron Corporation [NYSE: CVX] issu...

Exxon Mobil Corporation Declares Fourth Quarter Dividend
Posted On Nov 02 ,2012 - 11:05-PM | by admin

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 57 cents per share on the Common Stock, payable on December 10, 2012 to shareholders of record of Common ...

Chevron Announces Further Natural Gas Discovery Offshore Australia
Posted On Oct 25 ,2012 - 10:52-PM | by admin

Satyr-4 Discovery Supports Company's Long-Term Growth Plans for Gorgon Chevron Corporation (NYSE: CVX) today announced further drilling success by its Australian subsidiary in the Greater Gorgon Ar...

Noble Energy Declares Increased Dividend
Posted On Oct 25 ,2012 - 10:28-AM | by admin

Noble Energy, Inc.'s (NYSE: NBL) board of directors today declared an increase in its quarterly cash dividend to 25 cents per common share, up from 22 cents per common share last quarter. The dividen...

Hess to Sell Beryl Assets to Royal Dutch Shell
Posted On Oct 25 ,2012 - 10:33-AM | by admin

Hess Corporation (NYSE: HES) announced today it has agreed to terms for the sale of its interest in the Beryl area fields and the Scottish Area Gas Evacuation System (SAGE) to Royal Dutch Shell for $5...

Neste Oil's Interim Report for January-September 2012
Posted On Oct 25 ,2012 - 10:45-AM | by admin

Third-quarter comparable operating profit was EUR 156 million (Q3/2011: EUR 68 million), driven by strong refining margins and improved performance at Renewable Fuels - Quarterly result was the stron...

Shell to increase participation in the Beryl Area Fields in the North Sea
Posted On Oct 25 ,2012 - 10:35-AM | by admin

Shell announced today the signing of an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (“SAGE”), for US$ 525 million....

Dana Gas Announces its Second 2012 Discovery in Egypt
Posted On Oct 22 ,2012 - 10:06-PM | by admin

Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company has announced a new gas discovery in the Nile Delta, Egypt. The discovery was at West Sama-1 in the West ...

Heads of Agreement for the sale of Songa Eclipse
Posted On Oct 22 ,2012 - 10:19-AM | by admin

Songa Offshore SE ("Songa") has entered into a Heads of Agreement ("HoA") with Seadrill for a potential sale of the ultra deepwater semi-submersible rig "Songa Eclipse" (the "Rig"). The HoA has certa...

Dana Gas Commences Production from New Egypt NGL Plant
Posted On Oct 21 ,2012 - 10:19-AM | by admin

Ras Shukheir joint-venture project loads first cargo Dana Gas PJSC, the Middle East’s largest private sector natural gas company,announces that its joint-venture, the Egyptian Bahrain Gas Derivat...

SIMBA ENERGY SIGNS PSC FOR THREE OIL BLOCKS IN REPUBLIC OF CHAD
Posted On Oct 18 ,2012 - 10:02-PM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), is pleased to announce it has signed a Production Sharing Contract (PSC) with the Republic of Chad for 100% inte...

Noble Energy Announces Trema Exploration Results Offshore Cameroon
Posted On Oct 18 ,2012 - 10:18-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that the Trema exploration well in the Tilapia license offshore Cameroon reached its target objective and encountered reservoir-quality sandstones that w...

Major construction begins on the Prelude FLNG project
Posted On Oct 18 ,2012 - 10:08-AM | by admin

- the world's biggest offshore floating facility Today Shell celebrated the cutting of first steel for the game-changing Prelude floating liquefied natural gas (FLNG) facility’s substructure ...

Well 3-BRSA-1101-SPS (3-SPS-100) drilling completed
Posted On Oct 18 ,2012 - 10:31-AM | by admin

New extension well confirms good quality oil in pre-salt of Santos Basin Petrobras announces that it has completed drilling well 3-BRSA-1101-SPS (3-SPS-100), informally known as Carioca Nor...

Aker Solutions signs umbilicals contract with ENI
Posted On Oct 17 ,2012 - 10:36-PM | by admin

Aker Solutions has signed a contract with ENI for the Block 15\06 West Hub development project in the Angolan deep water region. The contract value is approximately USD 50 million (NOK 300 million). ...

Eni launches its brand in the Belgian natural gas and power market
Posted On Oct 17 ,2012 - 10:12-PM | by admin

Eni currently serves a total of 600,000 Belgian customers, and aims to reach 1 million by 2016, approximately 12% of the retail market, with innovative products and services, by making the energy sect...

Aker Solutions secures contract with Total E&P UK Ltd
Posted On Oct 17 ,2012 - 10:48-PM | by admin

Aker Solutions has secured a three year contract to provide operations and maintenance services to Total E&P UK Ltd and its joint venture partner DONG E&P (UK) Ltd at the new Shetland Gas Plant (SGP)....

Anadarko Schedules Third-Quarter 2012 Earnings Conference Call for October 30
Posted On Oct 17 ,2012 - 10:17-PM | by admin

Third-Quarter 2012 Results Tuesday, October 30, 2012 9 a.m. CDT (10 a.m. EDT) Dial-in number: 855.812.0464 International dial-in number: 970.300.2271 Confirmation number: 37608290 Anadark...

Neste Oil to publish its third quarter results on 25 October 2012
Posted On Oct 16 ,2012 - 10:08-AM | by admin

Neste Oil Corporation Neste Oil to publish its third quarter results on 25 October 2012 Neste Oil will publish its third quarter 2012 results on Thursday, 25 October 2012 at approximately 9 am (...

Dana Gas and Crescent Petroleum Kurdistan Production Reaches 80,000 barrels per day on 4th Anniversary
Posted On Oct 16 ,2012 - 10:42-AM | by admin

-Investment almost $1 billion - highest foreign investment in Iraqi oil and gas sector -Total 67 million barrels produced since 2008 – highest by private sector in Iraq -Project achieves governm...

Eni CEO Paolo Scaroni meets Rosneft CEO Igor Sechin
Posted On Oct 16 ,2012 - 10:32-AM | by admin

Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strat...

Execution of Letter of Intent for studies at Solimões Basin
Posted On Oct 16 ,2012 - 10:56-AM | by admin

Petróleo Brasileiro SA – Petrobras announces that it has executed a Letter of Intent with HRT O&G Exploração e Produção de Petróleo Ltda (HRT) and TNK-Brasil Exploração e Produção de Óleo...

Songa Offshore SE : September fleet update
Posted On Oct 16 ,2012 - 10:48-AM | by admin

Songa Venus achieved an operating efficiency of 98% during the month. The rig continues to operate for Petronas Carigali in Malaysia. Songa Mercur continued its operational preparations in Trinida...

Aker Solutions officially opens Malaysian subsea service base
Posted On Oct 16 ,2012 - 10:48-AM | by admin

International oil services company Aker Solutions has expanded its subsea business by establishing a subsea lifecycle service base in Labuan, Malaysia. The objective is to support all installed and fu...

Aker Solutions sells remaining ownership in Lewek Connector
Posted On Oct 15 ,2012 - 10:23-PM | by admin

AMC Connector AS, a joint venture between Aker Solutions and Emas Offshore Limited, has agreed to sell subsea construction and cable-lay vessel Lewek Connector (previously called AMC Connector) to O...

SIMBA ENERGY KENYA COUNTRY OFFICE OPENING,INVESTOR PRESENTATION
Posted On Oct 15 ,2012 - 10:02-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, Chad and Mali, is pleased to announce t...

Valve World Expo 2012 presents a basis for Nigerian Oil & Gas business
Posted On Oct 15 ,2012 - 10:01-PM | by admin

The 8th Biennial Valve World Conference & Exhibition returns to Dusseldorf, Germany from 27. - 29.11.2012 for the second consecutive time. The latest status in valves and valve fittings which includ...

Ultimate Linings Produce Protective Chemical Coatings for Oil & Gas Industry
Posted On Oct 15 ,2012 - 10:44-PM | by admin

Ultimate Linings LTD., (UL) a leader in the development and application of protective coatings & linings is pleased to announce the growth of their industrial scope of work to include the Eagle Ford S...

Farm-in agreement with Maersk Oil, offshore Greenland
Posted On Oct 15 ,2012 - 10:06-PM | by admin

Tullow Oil plc (Tullow) announces that Naalakkersuisut, Greenland’s Government, has approved an agreement with Maersk Oil for Tullow to take a non-operated 40 per cent equity position in Block 9...

Eni Mécène Principal of the "Raphaël, les dernières années"exhibit
Posted On Oct 09 ,2012 - 10:44-AM | by admin

(11 October 2012 – 14 January 2013) at the Louvre The exhibit is set within the context of Eni and the Louvre’s partnership, signed in 2009. The partnership sees Eni committed to the quality of...

Total signs two Production Sharing Contracts for Telen and Bengkulu I
Posted On Oct 09 ,2012 - 10:52-AM | by admin

Mentawai Exploration Blocks in Indonesia Total announces that it has signed two Production Sharing Contracts (PSCs) with the Government of Indonesia represented by BPMIGAS, for the Telen and the ...

Eni enters the retail natural gas market in France
Posted On Oct 09 ,2012 - 10:17-AM | by admin

Eni, since 2011, is the second largest gas supplier in France, with total gas deliveries of 74 TWh, representing 14% of the overall market share. Paris, 9 October 2012 – Eni will sell natural ga...

Total acquires interests in exploration blocks in Papua New Guinea
Posted On Oct 09 ,2012 - 10:06-AM | by admin

Total announces the signature of agreements with Oil Search Limited (“Oil Search”) for the acquisition of a 40% interest in offshore licences PPL 234 and PPL 244, a 50% interest in offshore licenc...

RISK OF EXPLOSION, WRECKED LPG FREIGHTER REMOVED FROM TAIWAN STRAIT Singapore
Posted On Oct 09 ,2012 - 10:40-AM | by admin

Following four months of challenging operations and weather delays, RESOLVE Salvage & Fire, (ASIA) Pte Ltd. has announced completion of the wreck removal of the freighter LPG OBERON from the Taiwan St...

Oryx Petroleum Services SA Adopts Paradigm Sysdrill 2012 for Well Planning and Drilling Engineering
Posted On Oct 09 ,2012 - 10:49-AM | by admin

Sysdrill chosen for ease of use, product integration and support. (SAN ANTONIO: October 8, 2012) Paradigm™ (www.pdgm.com ) announced that Oryx Petroleum Services SA (www.addax-oryx.com) has adopt...

Agreement reached for $470m sale of GGCL stake
Posted On Oct 08 ,2012 - 10:14-AM | by admin

BG Group today announced it had reached agreement to sell its majority interest in India’s Gujarat Gas Company Limited (GGCL) for approximately INR 24.6 billion or $470 million to GSPC Distribution ...

Total exchanges assets with ExxonMobil in the North Sea
Posted On Oct 08 ,2012 - 10:39-AM | by admin

Total has today announced an exchange of interests with ExxonMobil in a range of producing and undeveloped North Sea assets on the Norwegian Continental Shelf. In exchange for its interests in the...

Uruguay Signs Offshore Oil contracts with BP, BG, Total and Tullow Oil
Posted On Oct 07 ,2012 - 10:59-AM | by admin

On Friday 5, 2012 the ANCAP, the national oil company of Uruguay, signed offshore E&P contracts with English oil companies BG and BP, the French Total and the Irish Tullow Oil. The announcement wa...

Marathon Oil Announces Entry into Ethiopia
Posted On Oct 05 ,2012 - 10:18-PM | by admin

Marathon Oil Corporation (NYSE: MRO) announced today that its subsidiary Marathon Ethiopia Limited B.V. has entered into a sale and purchase agreement with Agriterra Limited to acquire their 20 percen...

Petrofac Awarded US$200 Million Project in Kuwait
Posted On Oct 05 ,2012 - 10:24-PM | by admin

Petrofac, the international oil & gas service provider, has been awarded a US$200 million lump-sum engineering, procurement and construction (EPC) contract by Kuwait Oil Company (KOC) for a new power ...

Technip awarded two contracts for refinery projects in Kazakhstan
Posted On Oct 05 ,2012 - 10:31-PM | by admin

Technip was awarded two contracts, worth a total value of about €50 million, for the front-end engineering design (FEED) services of two refineries in Kazakhstan. These awards consist of the mod...

Technip in a JV with Odebrecht and ICA Fluor awarded large EPC contract by Braskem Idesa for the Ethylene XXI project
Posted On Oct 05 ,2012 - 10:15-PM | by admin

Braskem Idesa S.A.P.I. awarded to a joint venture formed by Odebrecht (40%), Technip (40%) and ICA Fluor (20%) a contract worth more than US$ 2.7 billion (around €2.1 billion) for the engineering, p...

Technip awarded important subsea contract for the Dalmatian field in the Gulf of Mexico
Posted On Oct 05 ,2012 - 10:07-PM | by admin

Technip was awarded by Murphy Exploration & Production Company – USA a lump sum contract for the development of the Dalmatian field, located in the Gulf of Mexico, at a water depth ranging from 530 ...

Neste Oil included in the STOXX® Global ESG Leaders sustainability index as well as Storebrand's sustainable investment fund
Posted On Oct 05 ,2012 - 10:29-PM | by admin

Neste Oil included in the STOXX® Global ESG Leaders sustainability index as well as Storebrand's sustainable investment fund Neste Oil was selected for inclusion in the STOXX® Global ESG Leaders in...

Noble Energy Announces Conference Call To Discuss New Venture Exploration Opportunities
Posted On Oct 05 ,2012 - 10:47-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that it will host a conference call to discuss its new venture exploration program at 9:00 a.m., Central Time, Thursday, October 11, 2012. The intent of ...

Versalis signs agreement with Honam Petrochemical Corp. for the production of elastomers in South Korea
Posted On Oct 05 ,2012 - 10:39-AM | by admin

The new site will use Versalis’ proprietary technologies and will have a production capacity of about 200.000 tons of elastomers annually, which will be delivered primarily on the Asian markets. ...

Total involves its employees fully in its sustainable development policies
Posted On Oct 05 ,2012 - 10:24-AM | by admin

After first introducing special photovoltaic solar solutions for them, the Group is now offering to subsidize half the cost of a home energy audit for its 40,000 employees in France. Employees who...

EVS Translations USA - the only translation company with a stand at the Gastech and Petex exhibitions
Posted On Oct 05 ,2012 - 10:24-AM | by admin

The top decision-makers in the world of energy are meeting again in London this year at the Gastech and Petex exhibitions. Atlanta-based EVS Translations USA is the only translation company with a st...

Aker Solutions signs Visund contract
Posted On Oct 05 ,2012 - 10:51-AM | by admin

Aker Solutions has been awarded a contract by Statoil to deliver five subsea trees and eleven control modules to the Visund field on the Norwegian continental shelf. Contract value is approximately NO...

Eni CEO Paolo Scaroni meets Kazakhstan's President Nursultan Nazarbayev
Posted On Oct 05 ,2012 - 10:02-AM | by admin

Eni's CEO shared the developments and results of the company's ongoing activities in the country with the President, affirming Eni's positive vision of the primary importance projects that Kazakhstan ...

Suspension of the injunction that ordered the shutdown of Transocean´s activities in Brazil
Posted On Oct 05 ,2012 - 10:43-AM | by admin

Petróleo Brasileiro SA – Petrobras informs that the Supreme Court of Justice has partially suspended, on Friday, September 28, the injunction that ordered the shutdown of activities of Transocean B...

NEW DRILLING CONTRACT FOR BIDEFORD DOLPHIN
Posted On Oct 05 ,2012 - 10:12-AM | by admin

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has entered into a Letter of Award with Statoil for an 3 years extension of the current drilling contract for the semi submersible drilling...

ESG Solutions Introduces Hybrid Downhole/Near-Surface Seismic Monitoring
Posted On Oct 05 ,2012 - 10:11-AM | by admin

Game changing acquisition strategy enables broadband microseismic detection ESG Solutions, an industry leader in microseismic technology and services is pleased to introduce its new Hybrid Downhole/N...

Advance notice of 3rd quarter 2012 results and interim dividend announcement
Posted On Oct 04 ,2012 - 10:00-PM | by admin

At 07.00 GMT (08.00 CET and 02.00 EST) on Thursday, November 1, 2012 Royal Dutch Shell plc will release its third quarter results and third quarter interim dividend announcement for 2012. These ...

RWE Dea starts production from gas field Devenick
Posted On Oct 04 ,2012 - 10:43-PM | by admin

RWE Dea UK announced today the delivery of first gas from the Devenick field in the central North Sea. The field contains around 430 billion standard cubic feet of gas in place (11.6 billion stand...

Dr. Alice P. Gast Elected to Chevron Board of Directors
Posted On Oct 04 ,2012 - 10:40-PM | by admin

Chevron Corporation (NYSE:CVX) announced that Dr. Alice P. Gast has been elected to Chevron’s board of directors and will serve on the company’s Audit Committee. John Watson, chairman, Che...

Chevron Third Quarter 2012 Earnings Conference Call
Posted On Oct 04 ,2012 - 10:13-PM | by admin

Chevron Corporation (NYSE:CVX), one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, November 2, 2012, at 11:00 a.m. EDT (8:00 a.m. PDT). Conf...

Eni presents World Oil and Gas Review 11th edition
Posted On Oct 04 ,2012 - 10:28-PM | by admin

- 2011 vs 2010) and gas reserves (+1.9% vs 2010) increase - Increased world oil production +1.2% vs 2010 - Gas consumption +2.5% in 2011 vs 2010, driven by Asian demand - Oil demand +0.9% vs 201...

Online service gives public new ways to access key U.S. electric power data
Posted On Oct 01 ,2012 - 10:29-PM | by admin

EIA API lets developers create innovative apps, reach new users The U.S. Energy Information Administration (EIA) today makes key electricity data more accessible than ever before with the release o...

Aker Solutions starts recruiting for 6th International Talent Programme
Posted On Oct 01 ,2012 - 10:43-PM | by admin

Aker Solutions today opens up the application period for its prestigious two-year International Talent Programme. This year the talents will be selected from Brazil, Malaysia, Norway, UK and USA. The...

CNBC LAUNCHES NEW ONLINE SHOW, “FUTURES NOW”
Posted On Oct 01 ,2012 - 10:23-PM | by admin

Only Available on CNBC.com and Entirely Devoted to the Futures Market. Sponsored by CME Group and TD Ameritrade CNBC, First in Business Worldwide, today announced the launch of a new live online s...

Noble Energy Announces Impact of Hurricane Isaac
Posted On Oct 01 ,2012 - 10:48-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that its production in the Gulf of Mexico has returned to pre-hurricane Isaac levels. The production impact for the quarter is estimated to be nearly 7 t...

Dana becomes operator of Triton FPSO
Posted On Oct 01 ,2012 - 10:24-AM | by admin

Core part of our strategy to acquire more operated positions Consolidates our strong position in the Central North Sea Flexible, mobile export solutions are the way forward in the North Sea Da...

Aker Solutions awarded wireline tractor agreement with Statoil
Posted On Oct 01 ,2012 - 10:44-AM | by admin

Aker Solutions has been awarded a four-year frame agreement from Statoil for delivering wireline tractor services on the Norwegian continental shelf. The frame agreement is valid for four (4) years f...

Writ of mandamus against injunction suspending Transocean’s activities in Brazil
Posted On Sep 29 ,2012 - 09:46-AM | by admin

Petróleo Brasileiro SA – Petrobras announces that today it filed a writ of mandamus, in the capacity of injured third party, to suspend the injunction granted on July 31, 2012 that ordered the shut...

Petrobras production of oil and natural gas in August was 2.54 million barrels of oil equivalent per day
Posted On Sep 29 ,2012 - 09:44-AM | by admin

Petróleo Brasileiro S.A. - Petrobras announces its oil and natural gas production in August, 2012. Petrobras’s average oil and natural gas production in Brazil and overseas in August was 2,544,250...

Wintershall focuses on expanding partnerships
Posted On Sep 28 ,2012 - 09:04-PM | by admin

• Energy experts in discussion with the Secretary General of OPEC. • Wintershall CEO Seele: “We need to score against National Oil Companies through technology and operative performance, othe...

Paradigm to Demonstrate Enhanced Field Development Solutions at SPE ATCE
Posted On Sep 28 ,2012 - 09:36-AM | by admin

Technical presentations will focus on the integration of geology for better reservoir assessment and optimized drilling. Paradigm™ (www.pdgm.com) will present productive, easy-to-use and innovat...

Aker Solutions awarded Troll extension
Posted On Sep 28 ,2012 - 09:35-AM | by admin

International oil service group Aker Solutions has been awarded a contract by Statoil to deliver three subsea trees, tubing hangers and a tool package to the Troll field on the Norwegian continental s...

Emperor Oil Signs MOU with State Petroleum to Develop Sudan Oil Fields
Posted On Sep 27 ,2012 - 09:29-PM | by admin

Emperor Oil Ltd. (TSXV: EM; FWB: 8CV) (“Emperor” or the “Company”) announces that it has entered into a Memorandum of Understanding (MOU) with State Petroleum Overseas Inc., (“State”) to a...

Noble Energy Announces Agreement For New Build Drillship
Posted On Sep 27 ,2012 - 09:01-PM | by admin

Noble Energy, Inc. (NYSE: NBL) today announced that it has entered into a 36 month contract with a subsidiary of Atwood Oceanics Inc. (NYSE: ATW) for a new build drillship to support its global new ve...

Aker Solutions is considering issuing a bond in the Norwegian bond market
Posted On Sep 27 ,2012 - 09:22-AM | by admin

Aker Solutions ASA (Ticker: AKSO) is contemplating issuing a senior unsecured bond in the Norwegian bond market with maturity October 2019. The purpose of the proposed bond issue is for general corpo...

Aker Solutions helps extend the life of the fields offshore Brunei
Posted On Sep 27 ,2012 - 09:24-AM | by admin

Aker Solutions has been selected as the management contractor for Brunei Shell Petroleum Co Sdn Bhd's (BSP) offshore construction and maintenance services. The contract runs for five years and has an ...

Noble Energy Completes the Sale of Kansas Properties
Posted On Sep 27 ,2012 - 09:24-AM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that it has closed the previously announced sale of certain oil and natural gas properties in central Kansas to an affiliate of Citation Oil & Gas Corp.,...

Oceanteam Shipping ASA – contemplating bond issue of up to USD 95 million
Posted On Sep 26 ,2012 - 09:47-PM | by admin

Reference is made to the press release of 3 August regarding the refinancing of two offshore construction vessels. As a next step, Oceanteam Shipping ASA (OTS), is contemplating issuing a bond loan of...

Noble Energy To Present At Johnson Rice Energy Conference
Posted On Sep 26 ,2012 - 09:07-PM | by admin

Noble Energy, Inc. (NYSE:NBL) announced today that David L. Stover, the Company's President and COO, will present at the Johnson Rice Energy Conference on Tuesday, October 2, 2012 at 8:25 a.m. Central...

Chevron Awarded Deepwater Interest Offshore Sierra Leone
Posted On Sep 26 ,2012 - 09:20-PM | by admin

Concessions on trend with emerging basins in West Africa

Chevron Corporation (NYSE:CVX) announced its subsidiary Chevron (SL) Ltd. has been awarded participation in two deepwater blocks lo...

NEW DRILLING CONTRACT FOR BREDFORD DOLPHIN
Posted On Sep 26 ,2012 - 09:10-PM | by admin

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA has subject final approvals entered into a Letter of Award for the provision of the semi submersible drilling rig Bredford Dolphin with an A...

Petrobras announces Pricing of Global Notes
Posted On Sep 26 ,2012 - 09:27-PM | by admin

Petróleo Brasileiro S.A – Petrobras announces the pricing of 6.5-year and 11-year Global Notes denominated in Euros (€) and 17-year Global Notes denominated in Pounds Sterling (“£”) issued b...

CME Group Issues An Open Letter To The Energy Market
Posted On Sep 26 ,2012 - 09:38-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, released the following letter to its clients today: Dear Valued CME Group Customers and Market Participants: Many ClearPort e...

Eni CEO Paolo Scaroni meets Egyptian Prime Minister Hesham Qandil
Posted On Sep 26 ,2012 - 09:01-PM | by admin

Egyptian Prime Minister Hesham Qandil and Eni CEO Paolo Scaroni met in Cairo to discuss Eni's activities in the country. During the meeting, which was cordial and constructive, Eni's CEO shared the ...

SIMBA ENERGY GRANTED THREE OIL BLOCKS IN REPUBLIC OF CHAD
Posted On Sep 26 ,2012 - 09:20-PM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the onshore Pan-African oil & gas explorer, is pleased to announce that a Protocole d’Accord has been signed b...

NEW DRILLING CONTRACT FOR BREDFORD DOLPHIN
Posted On Sep 26 ,2012 - 09:48-PM | by admin

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA has subject final approvals entered into a Letter of Award for the provision of the semi submersible drilling rig Bredford Dolphin with an A...

RATIFICATION OF THE AWARD OF BLOCK SL-4A-10, SIERRA LEONE
Posted On Sep 26 ,2012 - 09:02-PM | by admin

African Petroleum Corporation Limited (NSX: AOQ) (“African Petroleum” or the “Company”), is pleased to announce that the Company’s award of Block SL-4A-10, offshore Sierra Leone was ratified...

Fortuna West -1 success in Equatorial Guinea by Ophir Energy
Posted On Sep 24 ,2012 - 09:51-AM | by admin

Fortuna West-1 gas discoveries total 1 TCF recoverable. Block R recoverable resources rise to 3 TCF. Ophir Energy plc (“Ophir” or “the Company”) announces the successful completion of its ...

Total farms into the Rovuma Basin, Mozambique
Posted On Sep 24 ,2012 - 09:17-AM | by admin

Total announces the signature of a farm-in agreement with the Malaysian state-owned company, Petronas, for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore bl...

Outlook and objectives of Total
Posted On Sep 24 ,2012 - 09:36-AM | by admin

Chairman & CEO Christophe de Margerie today presents the financial community with Total’s outlook and objectives for the next few years and beyond. He outlines Total’s ability to deliver near-term...

Aker Solutions wins jack-up drilling equipment contract
Posted On Sep 24 ,2012 - 09:26-AM | by admin

Aker Solutions has won a contract from Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) to supply a complete drilling equipment package for a new jack-up drilling rig, being built by the Chinese yard....

Eni announces a new future for the Refinery of Venice
Posted On Sep 22 ,2012 - 09:12-AM | by admin

The new green plant will maintain the Venice site in an economically sustainable industrial operation over the long term, with low environmental impact. Eni met local and national institutions a...

CNPC and Siemens sign three cooperation agreements
Posted On Sep 21 ,2012 - 09:21-AM | by admin

On September 11, in Munich, Germany, CNPC and Siemens inked three documents including a framework agreement on procurement and supply of merchandise and service, a memorandum on sharing best practices...

Eni Board of Directors
Posted On Sep 21 ,2012 - 09:46-AM | by admin

Approval of 2012 interim dividend: €0.54 per share At the board meeting held today, Eni's Board of Directors resolved to distribute to Shareholders an interim dividend for the fiscal year 2012 o...

NEW COO AT AFRICAN PETROLEUM
Posted On Sep 21 ,2012 - 09:44-AM | by admin

Appointment Of Chief Operating Officer African Petroleum Corporation Limited (NSX:AOQ) (“African Petroleum” or the “Company”), is delighted to announce the appointment of Mr Jens Pace as Chie...

AFRICAN PETROLEUM AWARDED OF 100% OF BLOCK SL-4A-10, SIERRA LEONE
Posted On Sep 21 ,2012 - 09:30-AM | by admin

Award of Block SL-4A-10 Offshore Sierra Leone The Company is pleased to announce that, following the provisional award of Block SL-4A-10, offshore Sierra Leone, its wholly owned subsidiary African Pe...

ExxonMobil to Increase Production and Acreage in Bakken Oil Shale Region
Posted On Sep 20 ,2012 - 09:14-PM | by admin

Agreement enables exchange of properties by ExxonMobil and Denbury Resources •ExxonMobil’s Bakken acreage to increase by 50 percent to nearly 600,000 acres Exxon Mobil Corporation (NYSE:XOM)...

Shale Gas Development is an American Success Story, says XTO President
Posted On Sep 20 ,2012 - 09:15-PM | by admin

Industry supports over one million U.S. jobs and generates billions in government revenues Shale gas development, an activity that scarcely existed 10 years ago, is a U.S. success story that sup...

First important oil discovery in OTCP Block offshore Ghana by Eni
Posted On Sep 20 ,2012 - 09:40-AM | by admin

The discovery is relevant as it may have the potential for commercial development and confirms the importance of the block also in terms of the presence of oil, as well as natural gas and condensates....

Bowleven Plc. Group Operations Update in Africa
Posted On Sep 20 ,2012 - 09:26-AM | by admin

Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce the following update on activities: Highlights • Drilling operations commenced on IM-5 appraisal/...

Chevron Announces Natural Gas Discovery Offshore Australia
Posted On Sep 19 ,2012 - 09:29-PM | by admin

Satyr-2 in Greater Gorgon Area marks 15th discovery in Australia since mid-2009 Chevron Corporation (NYSE: CVX) announced further drilling success by its Australian subsidiary in the Greater Gorgon...

Significant gas discovery in Pakistan by Eni
Posted On Sep 19 ,2012 - 09:05-AM | by admin

The discovery is located 20 kilometers east of the Bhit gas processing facility, operated by Eni, which currently handles the gas production from the Bhit and Badhra fields. Eni has made a signific...

Aker Solutions ramps up Stockton-on-Tees operation
Posted On Sep 19 ,2012 - 09:24-AM | by admin

International oil services group Aker Solutions is set to ramp up its presence in the north east of England. The company aims to create up to 100 jobs in its new Stockton-on-Tees engineering office ov...

U.S. criminal proceeding against Snamprogetti Netherlands BV, of corruption regarding the TSKJ consortium in Nigeria dismissed
Posted On Sep 19 ,2012 - 09:39-AM | by admin

Eni: dismissal by the United States District Court of the criminal information filed against Snamprogetti Netherlands B.V. for incidents of corruption regarding the TSKJ consortium in Nigeria - The...

Eni CEO Paolo Scaroni met with Tunisian Prime Minister Hamadi Jebali
Posted On Sep 18 ,2012 - 09:05-PM | by admin

Eni's CEO shared the developments of the company's ongoing activities and projects in the country with the Tunisian Prime Minister. The Prime Minister of the Government of the Republic of Tunisia, ...

Noble Energy Completes The Sale Of Mid-Continent Properties
Posted On Sep 18 ,2012 - 09:02-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that it has closed the previously announced sale of certain oil and natural gas properties in western Oklahoma and the Texas Panhandle to Unit Petroleum ...

IPC Oil & Gas Myra Drilling Update
Posted On Sep 18 ,2012 - 09:43-AM | by admin

IPC Oil and Gas Holdings, Ltd. (TASE: IPC) announced today that following the immediate report of June 23, 2012 [report on the commencement of the drill], to the immediate report of August 4, 2012 [r...

Afren plc (AFR LN) East Simrit exploration drilling commences
Posted On Sep 18 ,2012 - 09:12-AM | by admin

Afren plc ("Afren" or the “Company”) announces that exploration drilling has commenced at the East Simrit prospect (Simrit-3 well) located on the Ain Sifni PSC in the Kurdistan region of Iraq. Afr...

Oando Plc Audited results for the full year ended 31 December 2011
Posted On Sep 17 ,2012 - 09:11-AM | by admin

Highlights - Turnover of US$3.8 billion - Gross profit of US$446.3 million - Operating profit of US$138.5 million - Profit after tax of US$15.9 million - Attributable profit after tax of US$17.3 ...

Shell Alaska drilling update
Posted On Sep 17 ,2012 - 09:55-AM | by admin

Royal Dutch Shell (“Shell”) is engaged in a multi-year drilling programme to explore for new oil & gas resources in high-potential blocks in offshore Alaska. Important progress has been made with ...

NEW DRILLING CONTRACT FOR BORGLAND DOLPHIN
Posted On Sep 17 ,2012 - 09:19-AM | by admin

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has entered into a Letter of Award (LOA) with a Rig Management Norway AS consortium consisting of four oil companies. The LOA is for a 15 w...

Bahamas Petroleum Company plc
Posted On Sep 14 ,2012 - 09:59-PM | by admin

Update on Licences in the Bahamas Bahamas Petroleum is pleased to announce that, following the recent general election in the Bahamas, it has received written confirmation from The Government of ...

Benenan-3 well, Kurdistan region of Iraq
Posted On Sep 14 ,2012 - 09:38-AM | by admin

On 11 September 2012 -- DNO International ASA ("DNO International"), the Norwegian oil and gas company, announced that the Benenan-3 well currently drilling in the Kurdistan region of Iraq has encount...

Neste Oil selected for inclusion in DJSI World for the sixth time in succession
Posted On Sep 14 ,2012 - 09:25-AM | by admin

Neste Oil selected for inclusion in DJSI World for the sixth time in succession Neste Oil has been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World) for the sixth year...

Petrobras participates in the Dow Jones Sustainability World Index for the 7th time
Posted On Sep 14 ,2012 - 09:17-AM | by admin

Petrobras announces that it has been selected as Dow Jones Sustainability World Index component (DJSI) component for the seventh consecutive year. The DJSI is the most important sustainability index i...

Chinook field in Gulf of Mexico ultra-deep water
Posted On Sep 14 ,2012 - 09:32-AM | by admin

Petrobras informs that on September 6, 2012, production started at the Chinook field, in the U.S. Gulf of Mexico, which is connected to the FPSO BW Pioneer (a Floating, Production, Storage and Offloa...

Oando recorded a safety milestone of three years of continuous operations without a Lost Time Injury (LTI) on its flagship rig
Posted On Sep 14 ,2012 - 09:56-AM | by admin

Oando Energy Services Limited (“OESL”) Nigeria’s leading indigenous operator of swamp drilling rigs services and a subsidiary of Oando PLC (“Oando”) is proud to announce that it has recorded...

Eni confirmed in Dow Jones Sustainability World Index
Posted On Sep 13 ,2012 - 09:39-PM | by admin

Eni has also received recognition from the Carbon Performance Leadership Index 2012 (CPLI) by the Carbon Disclosure Project. Eni, the only Energy sector representative in the Index, has been selected ...

CME Group and Shanghai Futures Exchange Renew Memorandum of Understanding
Posted On Sep 13 ,2012 - 09:18-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, and the Shanghai Futures Exchange (SHFE), the preeminent futures commodities market in the People's Republic of China, announce...

Royal Dutch Shell acquires liquids-rich shale acreage in Texas
Posted On Sep 13 ,2012 - 09:01-AM | by admin

Royal Dutch Shell plc (“Shell”) today said it acquired acreage in Texas from Chesapeake Energy in a further step to build a leading portfolio of shale assets rich in oil and natural gas liquids. T...

Total Signs a Commercial Agreement with Kogas for LNG
Posted On Sep 13 ,2012 - 09:49-AM | by admin

Total announces that its gas trading affiliate Total Gas & Power Limited has signed an agreement with South Korean national company Kogas (Korea Gas Corporation) for the purchase of 0.7 million metri...

SIMBA ENERGY INVESTOR PRESENTATION
Posted On Sep 13 ,2012 - 09:14-AM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer with assets in Kenya, Guinea, Mali and Liberia, today presented at the Nomur...

Versalis strengthens its presence in Asian markets
Posted On Sep 12 ,2012 - 09:45-AM | by admin

Versalis' direct presence in the Asia-Pacific region will allow for better monitoring of the industrial and market dynamics, and for direct interaction with clients in sectors of strategic interest. ...

Songa Offshore SE : August fleet update
Posted On Sep 12 ,2012 - 09:01-AM | by admin

Songa Venus achieved an operating efficiency of 100% during the month. The rig continues to operate for Petronas Carigali in Malaysia. The rig underwent and completed its scheduled Intermediate ...

Oceanteam Shipping ASA – Joint venture with WIND B.V.
Posted On Sep 12 ,2012 - 09:57-AM | by admin

Oceanteam Shipping has announced a joint venture with WIND B.V. from the Netherlands to offer a complete range of submarine cable storage and handling services to cable manufacturers, contractors and ...

Paradigm Joins the NetApp Alliance Partner Program
Posted On Sep 11 ,2012 - 09:26-PM | by admin

Joint customers gain new data management capabilities through Paradigm and NetApp collaboration Paradigm™ (www.pdgm.com) today announced that it has joined the NetApp Alliance Partner Program, a...

Neste Oil issues EUR 400 million bond
Posted On Sep 11 ,2012 - 09:57-PM | by admin

Neste Oil Corporation issues an EUR 400 million bond. The 7-year bond carries a coupon of 4.00%. The bond offering was clearly oversubscribed and the bonds were allocated to more than 130 investors. ...

Mbawa-1 Drilling Update, offshore Kenya
Posted On Sep 11 ,2012 - 09:16-PM | by admin

Tullow Oil plc (Tullow) announces that the Mbawa-1 exploration well in the L8 licence area, offshore Kenya, has now been deepened and reached a total depth of 3151 metres. As previously announced, th...

Petrobras starts production of FPSO Cidade de Anchieta in pre-salt of Campos Basin
Posted On Sep 11 ,2012 - 09:56-PM | by admin

Petrobras informs that yesterday, September 10, around 6 pm, it has started the oil production at well 7-BAZ-02-ESS through the platform Cidade de Anchieta. The platform is located in the Baleia A...

BP to Sell Non-Strategic US Gulf Of Mexico Assets to Plains Exploration and Production Company
Posted On Sep 11 ,2012 - 09:20-AM | by admin

Deal marks further progress in divestment program; BP looks to long-term growth in Gulf of Mexico BP today announced it has agreed to sell its interests in a number of oil and gas fields in the de...

Shell to construct world's first oil sands carbon capture and storage (CCS) project
Posted On Sep 11 ,2012 - 09:29-AM | by admin

Shell announced that it will go ahead with the first carbon capture and storage (CCS) project for an oil sands operation in Canada. The Quest project will be built on behalf of the Athabasca Oil Sands...

Shell accepts offer for working interest in Gulf of Mexico Holstein asset
Posted On Sep 11 ,2012 - 09:23-AM | by admin

Royal Dutch Shell plc announced today it has agreed to sell its 50% working interest in the Holstein Field, comprised of Green Canyon Blocks 644, 645 and 688 in the Gulf of Mexico, to Plains Explorati...

SPDC completes sale of the seventh Nigerian Oil Mining Lease
Posted On Sep 11 ,2012 - 09:06-AM | by admin

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in Oil Mining Lease 34 (OML-34) in th...

CME Group Launches New Natural Gas and Power Markets
Posted On Sep 11 ,2012 - 09:56-AM | by admin

- New contracts available for trade on CME Direct CHICAGO, Sept. 10, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of a br...

Aloe resins are useful as an anti-corrosive agent in oil and gas pipelines
Posted On Sep 10 ,2012 - 09:20-AM | by admin

Aloetrade America LLC, a Miami, Fl. based company involved in the aloe business, has reached an industrial and commercial cooperation agreement with Procesadora Industrial de Zabila C.A. (PIZCA), a le...

Mbawa-1, Kenya Drilling Update
Posted On Sep 10 ,2012 - 09:27-AM | by admin

Tullow Oil plc (Tullow) announces that the Mbawa-1 exploration well in the L8 licence area, offshore Kenya, has encountered gas in the shallowest objective. The Mbawa-1 exploration well has been d...

Yining-Horgos SNG Pipeline completes construction
Posted On Sep 07 ,2012 - 09:04-PM | by admin

On August 30, construction of the Yining-Horgos SNG Pipeline was completed, ceremony for the occasion was held at the initial station of Yining, Xinjiang Uygur Autonomous Region. Constructed by CN...

African Petroleum Half-year Financial Report 30 June 2012
Posted On Sep 07 ,2012 - 09:57-PM | by admin

African Petroleum reported a loss after income tax of US$20,432,024 for the half-year ended 30 June 2012 (30 June 2011: loss of US$13,718,327).

Full Report

Award of Bontang Bengalon PSC
Posted On Sep 07 ,2012 - 09:42-AM | by admin

• Dart awarded Bontang Bengalon block in Indonesia • Consolidates strategic acreage position in East Kalimantan • Operatorship and 100% working interest provides strong capacity to farm-down...

BP Technology Boosts Oil Recovery Adding To Potential Energy Supplies
Posted On Sep 06 ,2012 - 09:16-PM | by admin

BP and its coventurers are deploying for the first time a new technology that could significantly increase the amount of oil that can be recovered from the UK’s largest hydrocarbon resource. The Cla...

Ithaca Energy Inc. Hurricane Appraisal Well-Successful Test Results
Posted On Sep 06 ,2012 - 09:38-PM | by admin

Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) announces that it has completed a successful drill stem test ("DST") on the Andrew sandstone interval in the Hurricane appraisal well, 29/10b-8, The DST achieved ...

Apache Continues to Infuse New Life Into UK's North Sea
Posted On Sep 06 ,2012 - 09:50-PM | by admin

Beryl Field well test flows at rates exceeding 9,000 barrels of oil equivalent per day (boe/d) Jacket for Alpha Satellite Platform arrives at Forties Field Apache Corporation (NYSE, Nasdaq: APA)...

Lamprell forms a Joint Venture to expand operations in Saudi Arabia
Posted On Sep 06 ,2012 - 09:07-AM | by admin

Lamprell forms a Joint Venture to expand operations in Saudi Arabia through the Shoaibi Group and AYTB ‘Lamprell Arabia’to provide comprehensive services to the land rig sector

Shell to construct world's first oil sands carbon capture and storage (CCS) project
Posted On Sep 05 ,2012 - 09:25-PM | by admin

Shell today announced that it will go ahead with the first carbon capture and storage (CCS) project for an oil sands operation in Canada. The Quest project will be built on behalf of the Athabasca Oil...

Ghana Ranks 103rd in the Global Competitive Index
Posted On Sep 05 ,2012 - 09:27-AM | by admin

Ghana is ranked 103rd out of 144 countries in the latest (2012-2013) Global Competitive Index (GCI), moving up by an impressive 11 places in the 2011-2012 report. This achievement was realized on t...

Ghana’s democracy is a recipe for oil boom
Posted On Sep 05 ,2012 - 09:05-AM | by admin

Ghana’s democracy and political stability is a fertile ground for a boom in the oil industry, Mr John-Peter Amewu, Manager, Regional Extractive Industry Knowledge Hub, Ghana Institute of Management ...

OPEC MEMBERS SHARE OF WORLD CRUDE OIL RESERVES 79.60%
Posted On Sep 04 ,2012 - 09:43-PM | by admin

COUNTRY BARRELS (BILLIONS) SAUDI ARABIA 264.59 VENEZUELA 211.17 IRAN 137.01 IRAQ 115 KUWAIT 101.50 UAE 97.80 LIBYA 46.42 ...

Noble Energy Completes The Sale Of Permian Basin Properties
Posted On Sep 04 ,2012 - 09:34-PM | by admin

Noble Energy, Inc. (NYSE: NBL) announced today that it has closed the previously announced sale of certain oil and natural gas properties in the Permian Basin to Sheridan Holding Company II, LLC, a pr...

CWC Group's Middle East Logistics: Oil & Gas Summit
Posted On Sep 04 ,2012 - 09:18-PM | by admin

The CWC Group's Middle East Logistics: Oil & Gas Summit, To Take Place 11-12 December 2012 in Dubai The Two-day Conference will explore the key challenges and best practices for oil & gas logistics ac...

Total Acquires a 40% Interest in Offshore Block M-11, Myanmar
Posted On Sep 03 ,2012 - 09:03-AM | by admin

Total announces the signature of an agreement with PTTEP for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore Block M-11 in Martaban basin. PTTEP (PTT Explora...

African Petroleum, PetroChina MoU Update
Posted On Sep 03 ,2012 - 09:52-AM | by admin

Update on Memorandum of Understanding with PetroChina International Investment Company Limited Further to the announcement made by African Petroleum Corporation Limited (APCL or the Company) on 16 Ju...

SPDC completes sale of Nigerian oil mining lease
Posted On Sep 03 ,2012 - 09:17-AM | by admin

Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), completed on August 31st 2012 the assignment of its 30% interest in Oil Mining Lease (OML)...

Cargotec receives large repeat order for four Kalmar quay cranes in West Africa
Posted On Sep 01 ,2012 - 09:03-AM | by admin

Cargotec has received a large repeat order for four Kalmar quay cranes from the French Bolloré group, through its wholly-owned Unicaf subsidiary. The deal follows an order received in 2011, which at ...

Ophir Energy plc announces its Half Year Results for the six months ended 30 June 2012
Posted On Sep 01 ,2012 - 09:18-AM | by admin

2012 Half-yearly results summary: Ophir has had a successful first half of 2012. The Group’s track record of frontier exploration discovery continued with two discoveries in the first half of 2012,...

Total Gabon, Second-Quarter 2012 Results
Posted On Aug 31 ,2012 - 08:09-PM | by admin

Selling Price In second-quarter 2012, Brent averaged $108.6 per barrel, down 7% from $117.0 in the prior-year period and 8% from $118.6 in first-quarter 2012. The selling price of the Mandji and Rab...

Adelphi MASTERFIL UK supply 12 complete lube oil lines to Nigeria
Posted On Aug 31 ,2012 - 08:51-PM | by admin

Adelphi MASTERFIL Limited, UK has supplied 12 complete MASTERFIL lube oil packaging lines to Nigeria. These lines usually consist of unscrambling table, labelling, filling, capping and induction seali...

Eni signs MoU for the development of gas discoveries in Ghana
Posted On Aug 31 ,2012 - 08:25-AM | by admin

Eni signs a Memorandum of Understanding for the development of gas discoveries in the Offshore Cape Three Points (OCTP) Block in Ghana  The MoU focuses particularly on the domestic gas market, in ...

BP Donates $1M to Aid Victims of Hurricane Isaac
Posted On Aug 31 ,2012 - 08:22-AM | by admin

BP America, Inc. announced today it will donate $1 million to support disaster relief efforts in Louisiana and Mississippi following Hurricane Isaac. The donation will be made to the American Red ...

OML 30 Nigeria
Posted On Aug 31 ,2012 - 08:46-AM | by admin

Heritage Oil Announces Overwhelming Support at Its EGM for the Approval of the Acquisition of an Interest in OML 30 Nigeria LONDON, UNITED KINGDOM--(Marketwire - Aug. 31, 2012) - THIS PRESS RELE...

BP EXERCISES OPTION FOR BORGHOLM DOLPHIN
Posted On Aug 31 ,2012 - 08:58-AM | by admin

BP Exploration Operating Co. Ltd has exercised the option for one additional month with Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible accommodation uni...

Petrobras production of oil and natural gas in July totaled 2.55 million barrels of oil equivalent per day
Posted On Aug 30 ,2012 - 08:37-AM | by admin

Petróleo Brasileiro S.A. - Petrobras announces its oil and natural gas production in July, 2012. Petrobras average production of oil and natural gas in July, in Brazil and overseas, totaled 2,554,...

Wintershall continuously expands activities in Norway
Posted On Aug 30 ,2012 - 08:05-AM | by admin

• CEO Rainer Seele at ONS 2012 in Stavanger: “Norway is a definitive core region for us” • Maria to progress to development and production • Exploration success Skarfjell to be appraised s...

Total Enters Exploration in Bulgaria with Award of the Khan Asparuh Offshore License
Posted On Aug 29 ,2012 - 08:18-PM | by admin

Total today announced the signature with the Bulgarian authorities of the exploration contract concerning the offshore Khan Asparuh license, awarded under the licensing round that opened last January ...

Aker Solutions and Statoil awarded ONS Innovation Award
Posted On Aug 29 ,2012 - 08:52-PM | by admin

Aker Solutions and Statoil have been awarded the ONS Innovation Award for the Åsgard subsea gas compression system. "This technology has the potential to change offshore gas field developments wo...

Cryo Services Ltd offers innovative and unsurpassed early fire detection and suppression system
Posted On Aug 29 ,2012 - 08:35-PM | by admin

Cryo Services Ltd, an indigenous industrial fire safety company in Nigeria has take an innovative entrance into the oil and gas industry aimed at providing products for safety measures in fire hazard ...

Microbial oil pilot plant
Posted On Aug 29 ,2012 - 08:11-AM | by admin

Neste Oil completes the first phase of its microbial oil pilot plant Neste Oil has completed the first phase of its project to build a pilot plant for producing microbial oil. Construction of the p...

RWE Dea confirmed extension of gas resources in Egypt
Posted On Aug 28 ,2012 - 08:20-AM | by admin

RWE Dea Egypt confirmed the extension of the North Sidi Ghazy-1x discovery in the Egyptian Nile Delta with a successful development well. The start of production from the company’s Disouq project is...

Petro Viking Announces New LOI to Acquire Namibian Offshore Oil Property
Posted On Aug 27 ,2012 - 08:18-AM | by admin

Petro Viking Energy Inc. ("Petro Viking") is pleased to announce that it has entered into a new Letter of Intent ("LOI") with Grisham Assets Corp. ("Grisham") dated August 22, 2012 to acquire 80% of t...

Aker Solutions to deliver six drilling equipment packages to drillships in Brazil
Posted On Aug 27 ,2012 - 08:40-AM | by admin

Aker Solutions has won a contract to supply drilling equipment packages for a series of six deepwater drillships being built by Jurong Shipyard for the Brazilian market. The contract value is undisclo...

US Mandates Oil Companies to Disclose Payments Abroad
Posted On Aug 25 ,2012 - 08:49-AM | by admin

United States-listed oil, gas and mining companies would be required to reveal all payments they make to foreign governments, including those for drilling or exploration licences. The new rules ado...

Heritage Oil Plc Announces the Termination of the Proposed Rights Offering
Posted On Aug 23 ,2012 - 08:58-PM | by admin

Heritage Oil Corporation Announces the Cancellation of the Due Bill Trading Procedure for Its Exchangeable Shares Heritage Oil Plc (LSE:HOIL) ("Heritage"), the parent company of Heritage Oil Corpor...

INPEX participates in Block 14, offshore Angola
Posted On Aug 23 ,2012 - 08:12-PM | by admin

INPEX CORPORATION has agreed with TOTAL S.A. that it will, through its affiliate, INPEX Angola Block 14 Ltd., acquire a 9.99% indirect interest in Block 14 offshore Republic of Angola. The transact...

List Of Oil Racketeers Recommended For Criminal Investigation
Posted On Aug 23 ,2012 - 08:19-PM | by admin

Nigerian government's published list of oil marketers recommended for criminal investigation in the on-going subsidy saga in the country’s oil industry. 1 ALMINNUR RESOURCES LIMITED

Petrobras completed the drilling of second well in Barra area
Posted On Aug 23 ,2012 - 08:34-AM | by admin

Rio de Janeiro, August 22, 2012 – Petróleo Brasileiro S.A. – Petrobras announces that it has completed drilling the first appraisal well in the area of the Appraisal Plan (PAD) of Barra, in deep ...

Total E&P Philippines acquires a 75% interest in offshore Block SC56
Posted On Aug 23 ,2012 - 08:38-AM | by admin

Total E&P Philippines B.V. (“Total”) announces the signature of a Farm out Agreement with Mitra Energy (Philippines SC-56) Limited (“Mitra”), based in Kuala Lumpur, Malaysia, to acquire a 75%...

SIMBA ENERGY COMPLETES PASSIVE SEISMIC SURVEY ON BLOCK 2A, ONSHORE KENYA
Posted On Aug 23 ,2012 - 08:48-AM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to announce the successful completionof the first phase of field...

SKUA Technology
Posted On Aug 22 ,2012 - 08:26-AM | by admin

Fugro Adopts Paradigm’s SKUA Technology The subsurface modeling suite will speed and improve the accuracy of subsalt analysis in Fugro’s Gulf of Mexico projects Paradigm™ (www.pdgm.com) an...

Heritage Announces the Sale of an Interest in the Miran Block and Receipt of an Exchangeable Loan for Combined Proceeds of $450 Million
Posted On Aug 21 ,2012 - 08:54-AM | by admin

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE R...

Total to sell an interest in Block 14 to INPEX
Posted On Aug 21 ,2012 - 08:31-AM | by admin

Total today announced that it has agreed to sell to INPEX CORPORATION a 9.99% indirect interest in offshore Angola Block 14. The transaction remains subject to the approval of Angolan authorities. ...

Heritage Oil Corporation Announces the Use of Due Bill Trading
Posted On Aug 20 ,2012 - 08:00-AM | by admin

For Its Exchangeable Shares in Connection with the Proposed Rights Offering This press release is not for distribution to United States Newswire Services or for dissemination in the United Stat...

Chevron Grows Carnarvon Basin Interests in Browse Exchange
Posted On Aug 20 ,2012 - 08:54-AM | by admin

Agreement supports strategy to create Wheatstone Project expansion opportunities Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiary has reached an agreement to exchange...

Roxtec to supply Australia’s biggest gas project
Posted On Aug 20 ,2012 - 08:49-AM | by admin

Cable and pipe seal manufacturer Roxtec is undertaking a contract to supply materials to one of the world’s biggest gas developments, the Chevron-operated Gorgon Project, on Barrow Island, Western A...

Shell increases Browse equity stake
Posted On Aug 20 ,2012 - 08:57-AM | by admin

Shell and Chevron agree strategic asset exchange Shell Development (Australia) Pty Ltd (Shell) and Chevron Australia Pty Ltd (Chevron) today announced that they have entered into a binding agreem...

Neste Oil and Stora Enso to end their biodiesel project and continue cooperation on other bio products
Posted On Aug 17 ,2012 - 08:17-PM | by admin

Neste Oil and Stora Enso to end their biodiesel project and continue cooperation on other bio products Neste Oil and Stora Enso have decided not to progress with their plans to build a biodiesel pl...

Arrow lays design for 1150km pipelines
Posted On Aug 17 ,2012 - 08:46-PM | by admin

Arrow Energy has awarded the preliminary engineering design of about 1150km of gas pipelines for its LNG project to resource services company WorleyParsons. The scope of this Brisbane-based design, a...

CME Clearing Europe to Accept Gold as Collateral
Posted On Aug 17 ,2012 - 08:59-AM | by admin

CME Clearing Europe, the London-based clearing house wholly-owned by CME Group, the world's leading and most diverse derivatives marketplace, today announced it has extended the range of eligible coll...

Pinnacle signs joint MOU with the Lekki Free Trade Zone Company and China Petroleum Technology and Development Corporation (CPTDC)
Posted On Aug 17 ,2012 - 08:14-AM | by admin

Pinnacle Oil & Gas Ltd will complete the construction of a 400,000metric tonnes tank farm connected to Single Point Mooring (SPM) and Conventional Buoy Mooring (CBM) facilities at Lekki Free Trade Zon...

Oando has announced the initial drilling results from the the Ebendo Marginal Field’s OML-56
Posted On Aug 15 ,2012 - 08:09-PM | by admin

Oando Energy Resources Inc. has announced the initial drilling results from the fourth well drilled in the Ebendo Marginal Field’s OML-56, (previously known as Obodeti/Obodugwa). The EB-4 well...

Dana Petroleum welcomes the Secretary of State for Scotland to its Aberdeen headquarters
Posted On Aug 15 ,2012 - 08:43-PM | by admin

Mr Moore met with Group Chief Executive Dr Marcus Richards to discuss Dana’s plans to invest $5 billion to more than double in size by 2016. Mr Richards said, “This is an exciting time for Dana...

Makeevskoye-16 (“M-16”) well in Ukraine has commenced drilling
Posted On Aug 15 ,2012 - 08:08-PM | by admin

Kulczyk Oil Ventures Inc. (“Kulczyk Oil”, “KOV” or the “Company”), an international upstream oil and gas exploration and production company, is pleased to advise that the Makeevskoye-16 (...

Duma Energy Acquires Interest in 5.3 Million-Acre African Concession
Posted On Aug 15 ,2012 - 08:17-PM | by admin

Duma Energy Corp. (OTCBB: DUMA) (“Duma” or the “Company”) today announced that it has entered into an agreement, dated August 7, 2012 (the “Agreement”), to acquire Namibia Exploration, Inc...

SIMBA ENERGY CONFIRMS OIL SEEPS IN GUINEA
Posted On Aug 15 ,2012 - 08:32-PM | by admin

Simba Energy Inc. ("Simba" or the "Company") (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer, with approval of the OGRPP (de l’Office Guineen de Recherche et de Promoti...

Statoil farms down in Mozambique licence
Posted On Aug 15 ,2012 - 08:21-PM | by admin

Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil plc (Tullow). The licence, which consists of two blocks under one licence agreeme...

Alcoa Aluminum Alloy Drill Pipe Helps Brunei Shell Petroleum
Posted On Aug 14 ,2012 - 08:37-AM | by admin

Alcoa Aluminum Alloy Drill Pipe Helps Brunei Shell Petroleum Navigate Complex Offshore Drilling Well Alcoa (NYSE:AA) announced that its Alcoa Oil & Gas business has successfully deployed 1800 meter...

New facts on the discovery of Carcará – Petrobras
Posted On Aug 14 ,2012 - 08:11-AM | by admin

Petróleo Brasileiro S.A. – Petrobras announces the new facts obtained with the continuance of the drilling of well 4-SPS-86B (4-BRSA-971-SPS), which is testing the Carcará prospect, on Block BM-S-...

Second quarter results 2012 Aker Solutions ASA
Posted On Aug 14 ,2012 - 08:29-AM | by admin

Aker Solutions' operating revenues were NOK 11.9 billion in the second quarter and NOK 21.7 billion for the first six months of 2012. The latter is 33 per cent higher that the same period in 2011. Ear...

RWE Dea: Clipper South delivers first gas
Posted On Aug 13 ,2012 - 08:55-PM | by admin

RWE Dea’s subsidiary in the United Kingdom, RWE Dea UK, announced today the delivery of first gas from the Clipper South field in the southern North Sea. The field contains around 13.4 billion no...

Shoaibi Group and EnerMech sign joint venture to offer mechanical engineering services solutions in Saudi Arabia
Posted On Aug 13 ,2012 - 08:46-PM | by admin

International mechanical engineering group, EnerMech, has signed a joint venture agreement with Saudi based Shoaibi Group to form EnerMech Saudi Arabia Limited (EnerMech S.A. Ltd). Based in Al Khob...

Dana Gas Reports Strong Profit Growth for First Half of 2012
Posted On Aug 13 ,2012 - 08:33-PM | by admin

Results for six months ended 30 June 2012
• Gross profit of AED 767 million, up 13% year-on-year
• Net profit of AED 387 million, up 79% year-on-year
• Group Production a...

Mittelplate Drilling and Production Island
Posted On Aug 10 ,2012 - 08:01-PM | by admin

Germany’s Federal Minister for Economic Affairs, Dr Philipp Rösler, and the Minister for Economic Affairs of the German federal state of Lower Saxony, Jörg Bode, today visited the Mittelplate Dril...

LLK-International launches production of a line of new generation LUKOIL GENESIS engine oils
Posted On Aug 10 ,2012 - 08:39-PM | by admin

LLK-International (a wholly-owned OAO LUKOIL subsidiary) launched production of a line of new generation LUKOIL GENESIS engine oils. The new products are manufactured at the Petrotel-LUKOIL refiner...

Anadarko to Present at Upcoming Oil & Gas Conference
Posted On Aug 10 ,2012 - 08:55-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced that President and Chief Executive Officer Al Walker will present at EnerCom's The Oil & Gas Conference on Tuesday, Aug. 14, 2012 at 12:20 p....

CME Group Announces Trading Volume Record in Brent Crude Oil Futures
Posted On Aug 09 ,2012 - 08:08-PM | by admin

CME Group, the world's leading and most diverse derivatives marketplace, today announced a record in daily trading volume for its Brent crude oil futures contract. These contracts are listed by and su...

KBR Awarded FEED for Topsides and Hull for FPSO Offshore Angola
Posted On Aug 09 ,2012 - 08:08-PM | by admin

Luanda Office to Play Major Role in Supplying Local Content KBR (NYSE: KBR) announced today that it has been awarded a FEED contract to perform work for the topsides and hull associated with a new-...

KBR and Shell Global Solutions Expand Hydroprocessing Technology Alliance
Posted On Aug 09 ,2012 - 08:31-PM | by admin

Expansion to Broaden Scope Offerings for Refineries KBR (NYSE:KBR) and Shell Global Solutions International B.V. (NYSE: RDS.A) today announced the expansion of their hydroprocessing technology al...

Crescent Petroleum and Dana Gas Kurdistan Production Reaches 70,000 barrels per day
Posted On Aug 09 ,2012 - 08:20-AM | by admin

Project Investment approaches $1 billion - the highest in Kurdistan Region of Iraq 258 billion cubic feet of gas and 12.1 million barrels of condensate liquids produced Leading Middle East private ...

Solmed Alliance in Ivory Coast
Posted On Aug 07 ,2012 - 08:26-PM | by admin

Solmed Alliance has opened a new branch in the Ivory Coast where it currently provides services to the offshore industry. Ocean Rig is operating in this area and Solmed Alliance has followed its proje...

Telcom & Data Introduces Explosion-Proof Phones for Offshore Drilling Rigs
Posted On Aug 07 ,2012 - 08:24-PM | by admin

Offshore platforms are prone to unusually hazardous conditions. In these environments, it is very important to have safe and reliable communication. Telephones must be specifically designed to handle ...

OPEC's Annual Statistical Bulletin 2012
Posted On Aug 07 ,2012 - 08:19-AM | by admin

Some highlights from this year's ASB are as follows: World crude oil production increased in 2011 by 0.9%, with different regions showing heterogeneous results. While Canadian, US and Middle East ...

Petrobras registers consolidated net loss of R$1,346 million
Posted On Aug 06 ,2012 - 08:44-AM | by admin

Net Income of R$ 7,9 billion in the first half of 2012 Petrobras today announced its consolidated results stated in millions of Reais, prepared in accordance with International Financial Reporti...

Heritage Oil Plc: Proposed Rights Issue
Posted On Aug 06 ,2012 - 08:51-AM | by admin

in Connection With the Proposed Acquisition of a Major Interest in OML 30 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED...

Drilling of well in transfer of rights area concluded- Petrobras
Posted On Aug 03 ,2012 - 08:30-PM | by admin

Petróleo Brasileiro S.A. – Petrobras hereby announces that it has concluded drilling its third well in the transfer of rights area. Called 1-BRSA-1045-SPS (1-SPS-96), the well is located in the sou...

New oil discovery in Ceará Basin
Posted On Aug 03 ,2012 - 08:48-AM | by admin

Petróleo Brasileiro S.A. - Petrobras informs that it has successfully verified the occurrence of oil in deepwater of Ceará Basin during drilling operations of 1-BRSA-1080-CES (1-CES-158) well. T...

New discovery in Mozambique by Eni
Posted On Aug 02 ,2012 - 08:18-PM | by admin

The discovery made at Mamba North East 2 prospect adds 10 trillion cubic feet (tcf) plus to the potential of Area 4 The full potential of Area 4 discoveries is estimated at 70 tcf of gas of gas in...

Eni has signed a sale and purchase agreement offshore Liberia
Posted On Aug 02 ,2012 - 08:56-PM | by admin

Eni enters Liberia with the acquisition of three offshore exploration blocks With this agreement Eni is expanding its position in the exploration of the West Africa Transform Margin. Eni has s...

NNPC Commits to Curb Crude Oil Theft
Posted On Aug 02 ,2012 - 08:08-PM | by admin

Sequel to the presidential directive for crude oil bunkering to be stamped out of the country, the Nigerian National Petroleum Corporation (NNPC) has expressed its determination to collaborate with ot...

Record Increases in U.S. Crude Oil and Natural Gas Reserves in 2010
Posted On Aug 02 ,2012 - 08:21-AM | by admin

Crude Oil Reserves Up 13 Percent to Highest Level Since 1991 Natural Gas Reserves Up 12 Percent, Top 300 Trillion Cubic Feet for First Time U.S. proved crude oil and natural gas reserves achieved...

Neste Oil's Interim Report for January-June 2012
Posted On Aug 02 ,2012 - 08:32-AM | by admin

Neste Oil Corporation Stock Exchange Release Neste Oil's Interim Report for January-June 2012 - Second-quarter comparable operating profit was EUR 38 million (Q2/2011: EUR 47 million) and wa...

Strong results for Dana’s Platypus well
Posted On Aug 02 ,2012 - 08:43-AM | by admin

Dana Petroleum plc (‘Dana’) is pleased to announce strong results from its Platypus gas appraisal well in the Southern North Sea, which recorded a test flow rate of 27mmscf per day on a 96/64” ...

Chevron Statement on Southern District of New York RICO Opinion
Posted On Aug 01 ,2012 - 08:14-AM | by admin

Chevron Corporation (NYSE:CVX) issued the following statement in response to today's Southern District of New York RICO opinion: Today, the U.S. District Court in New York rejected the Lago Ag...

Oando PLC. announces Closing of Reverse Takeover of Oando Energy Resources Inc.
Posted On Aug 01 ,2012 - 08:13-AM | by admin

(previously known as ‚Exile Resources Inc.) and Related Director and Management Changes Oando PLC (‘Oando’) is pleased to announce that it has completed its reverse takeover (‚the RTO‛) o...

Neste Oil's new diesel to be used by the Neste Oil Rally organization
Posted On Jul 31 ,2012 - 07:51-PM | by admin

Neste Oil's new diesel to be used by the Neste Oil Rally organization Neste Pro Diesel, due to come on to the market this fall in Finland, will be used by 49 cars of the Neste Oil Rally organizatio...

BP Second Quarter 2012 Results
Posted On Jul 31 ,2012 - 07:12-AM | by admin

BP today reported its quarterly results for the second quarter of 2012. Underlying replacement cost profit for the quarter, adjusted for non-operating items and fair value accounting effects, was $3.7...

African Petroleum Corporation Limited Quarterly Report
Posted On Jul 31 ,2012 - 07:07-AM | by admin

HIGHLIGHTS CORPORATE  Approximately US$ 34.9 million cash at bank at 30 June 2012  In addition, approximately US$95 million held in escrow accounts at 30 June 2012 as security for seismic...

Anadarko Announces Second-Quarter Results
Posted On Jul 31 ,2012 - 07:01-AM | by admin

Anadarko Petroleum Corporation (NYSE: APC) today announced a second-quarter 2012 net loss attributable to common stockholders of $380 million, or $0.76 per share (diluted). These results include certa...

Chevron Sanctions the Lianzi Project Offshore Angola and the Republic of Congo
Posted On Jul 30 ,2012 - 07:42-PM | by admin

$2.0 billion cross-border deepwater project will tie back to existing Chevron development SAN RAMON, Calif.--(BUSINESS WIRE)--Jul. 30, 2012-- Chevron Corporation (NYSE: CVX) announced that its...

Neste Oil to publish its second quarter results on 2 August 2012
Posted On Jul 30 ,2012 - 07:48-AM | by admin

Neste Oil will publish its second quarter 2012 results on Thursday, 2 August 2012 at approximately 9 am (EET). The release will be available on the Neste Oil website immediately after publishing. ...

Overview of Second Quarter and First Half 2012 results for Total
Posted On Jul 30 ,2012 - 07:02-AM | by admin

Total (Paris:FP) (LSE:TTA) (NYSE:TOT): :

Net Income (Group share) of 1.6B€ in 2Q 2012 and 5.2 B€ in 1H12

Net-debt-to-equity ratio of 21.5% at June 30, 2012

Hydrocarbon...

Total announces a second quarter 2012 interim dividend of €0.59 per share
Posted On Jul 30 ,2012 - 07:34-AM | by admin

The Board of Directors of Total approved a second quarter 2012 interim dividend of €0.59/share, an increase of 3.5% from the previous quarter, payable in euros according to the following timetable: ...

Total Launches Tempa Rossa Field Development in Italy
Posted On Jul 30 ,2012 - 07:33-AM | by admin

Total has made the final investment decision for the Tempa Rossa field in the Basilicata region of southern Italy. Operated by Total (75%) alongside Shell (25%), the Tempa Rossa field is scheduled...

Bangladesh Natural Gas Project
Posted On Jul 30 ,2012 - 07:43-AM | by admin

Chevron to Expand Bangladesh Natural Gas Project Production capacity at Bibiyana to increase by 300 million cubic feet per day Chevron Corporation (NYSE: CVX) today announced that its subsidiar...

African Petroleum Corporation Completes A$85 Million Placement
Posted On Jul 30 ,2012 - 07:12-AM | by admin

Completion of A$85 Million Placement Further to its announcement on 24 July 2012, African Petroleum Corporation Limited (NSX: AOQ) (“African Petroleum” or the “Company”) is pleased to annou...

Exxon Mobil Corporation Announces Estimated Second Quarter 2012 Results
Posted On Jul 27 ,2012 - 07:15-PM | by admin

SECOND QUARTER HIGHLIGHTS • Earnings of $15,910 million increased $5,230 million or 49% from the second quarter of 2011. Earnings included a net gain of $7.5 billion associated with divestments and...

Chevron Reports Second Quarter Net Income of $7.2 Billion
Posted On Jul 27 ,2012 - 07:31-PM | by admin

Compared to $7.7 Billion in Second Quarter 2011 • Upstream advances key development projects in support of long-term growth • Downstream continues portfolio optimization Chevron Corporation...

Shell plc second quarter 2012 results and interim dividend announcement
Posted On Jul 26 ,2012 - 07:38-AM | by admin

At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 26 July, 2012 Royal Dutch Shell plc released its second quarter results and second quarter interim dividend announcement for 2012. Highlights: ...

Chevron Announces Quarterly Dividend
Posted On Jul 26 ,2012 - 07:58-AM | by admin

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of ninety cents ($0.90) per share, payable September 10, 2012, to holders of common stock as shown on the ...

CNOOC Limited Enters Into Definitive Agreement to Acquire Nexen Inc.
Posted On Jul 25 ,2012 - 07:20-PM | by admin

HIGHLIGHTS •All-cash price of US$27.50 per Nexen common share •The price represents a premium of 61% to the closing price of Nexen's common shares on the NYSE on July 20, 2012, and a premium...

Aker Oilfield Services receives contract from Total E&P Angola
Posted On Jul 25 ,2012 - 07:30-PM | by admin

Deepwater well intervention award for Aker Solutions 25 July 2012 - Aker Solutions' subsidiary Aker Oilfield Services has received a contract from Total E&P Angola for providing subsea intervention...

Exxon Mobil Corporation Declares Third Quarter Dividend
Posted On Jul 25 ,2012 - 07:50-PM | by admin

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 57 cents per share on the Common Stock, payable on September 10, 2012 to shareholders of record of Common...

Nigeria FG Establishes Hydro-Carbon Pollution Restoration Project
Posted On Jul 25 ,2012 - 07:38-PM | by admin

The Federal Government on Friday announced the formation of a Hydro-Carbon Pollution Restoration Project, HYPREP, in clear furtherance of its commitment to implement the United Nations Environment Pro...

Why This PIB Is Different – Alison-Madueke
Posted On Jul 25 ,2012 - 07:36-PM | by admin

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Thursday threw more light into the draft Petroleum Industry Bill (PIB) that has just been transmitted to the National Assembly and t...

GHANA MAKES ANOTHER DISCOVERY OFFSHORE
Posted On Jul 25 ,2012 - 07:44-PM | by admin

The Ghana National petroleum Corporation (GNPC), announces today that the Wawa-1 exploration well, located in the Deepwater Tano (DWT) Block offshore Ghana, discovered 20 metres (65 feet) of gas-conde...

GNPC AND JUBILEE OIL
Posted On Jul 25 ,2012 - 07:52-PM | by admin

In the past weeks, the media has published allegations about the Ghana National Petroleum Corporation attributed to senior public officials speaking on platforms organised by the Extractive Industries...

Shell signs new Upstream deals with CNOOC and CNPC
Posted On Jul 25 ,2012 - 07:50-AM | by admin

Shell announces today that it has signed two offshore oil and gas Production Sharing Contracts (PSCs) with CNOOC, and a PSC amendment with CNPC for a new development phase for the Changbei gas field i...

Tullow Oil plc (Tullow) is pleased to announce the appointment of Anne Drinkwater as a Non-executive Director with effect from today
Posted On Jul 25 ,2012 - 07:32-AM | by admin

Anne joins Tullow after a long and successful career with BP. Anne held a number of senior business and operations positions, most recently as President and CEO of BP Canada from 2009 to 2012. Other p...

Tullow Oil plc announces its half-yearly results for the six months ended 30 June 2012
Posted On Jul 25 ,2012 - 07:50-AM | by admin

2012 Half-yearly results summary Record first half revenue and profits. Exploration success continues with major discovery in Kenya. Jubilee production issues being successfully r...

OPEC countries exported 4.5 million barrels of oil per day (mbpd) in 2011
Posted On Jul 24 ,2012 - 07:33-AM | by admin

The ASB is a compilation of statistical data about oil and natural gas activities in OPEC’s 12 Member Countries – Nigeria, Algeria, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Lib...

African Petroleum Corporation Limited to Raise A$85.0 million
Posted On Jul 24 ,2012 - 07:28-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 62,963,000 new fully paid ordinary share...

Chevron Announces Gas Find in Greater Gorgon Area Offshore Western Australia
Posted On Jul 23 ,2012 - 07:17-PM | by admin

New exploration discovery supports company's long-term growth plans for Gorgon Chevron Corporation (NYSE: CVX) today announced a natural gas discovery by its Australian subsidiary in the Greater G...

Technip awarded contract for a substantial elastomer project in Saudi Arabia
Posted On Jul 23 ,2012 - 07:10-PM | by admin

Technip was awarded by the petrochemical company Al-Jubail Petrochemical Company (KEMYA)(1) - a joint venture between SABIC and Exxon Chemical Arabia, an affiliate of ExxonMobil Chemical Company - a c...

ABB wins $12 million power products order in Kazakhstan
Posted On Jul 23 ,2012 - 07:25-PM | by admin

Gas-insulated switchgear to enhance power reliability in fast-growing new capital City of Astana ABB, the leading power and automation technology group, has won an order worth around $12 million f...

Aker Solutions wins drilling equipment contract with Hyundai Heavy Industries
Posted On Jul 23 ,2012 - 07:51-AM | by admin

Aker Solutions has signed a contract with Hyundai Heavy Industries to supply a complete drilling equipment topside package to a new semi-submersible drilling rig the South Korean yard is building for ...

Aker Solutions secures contract with Perenco UK
Posted On Jul 23 ,2012 - 07:50-AM | by admin

Aker Solutions has secured a three year contract extension worth £18million (GBP) to provide onshore and offshore operations and maintenance services to Perenco UK. The agreement includes provisio...

Shoaibi Group and Gulf Marine Services awarded major offshore 3 year contract to support rigless well intervention
Posted On Jul 23 ,2012 - 07:37-AM | by admin

Gulf Marine Services Saudi Arabia Ltd. (GMSSA) , a joint venture between the Shoaibi Group of KSA and Gulf Marine Services of UAE, formed in 2009 has recently been awarded a 3 year contract to suppo...

Knowledge Reservoir Announces 2012 Release of ReservoirKB
Posted On Jul 23 ,2012 - 07:59-AM | by admin

Knowledge Reservoir Announces 2012 Release of its Deepwater Gulf of Mexico Knowledge Base - ReservoirKB. Knowledge Reservoir LLC, leading global energy consulting company, today announced the 2012...

PGS Q2 2012 Earnings Update
Posted On Jul 20 ,2012 - 07:09-PM | by admin

Excellent Performance in All Units: Numbers and Guidance Increased PGS will present second quarter results on July 26, 2012. The Company expects to report results which are significantly better ...

Nexen Announces Continued Progress on Strategic Initiatives & Solid Second Quarter Results
Posted On Jul 20 ,2012 - 07:20-PM | by admin

Performance at Buzzard & Usan Drives Increased Production and Cash Flow Nexen Inc. (TSX: NXY) (NYSE: NXY) today reported second quarter 2012 operating and financial results and provided an update ...

Chevron Acquires Interest in Kurdistan Concessions
Posted On Jul 20 ,2012 - 07:51-PM | by admin

Agreement provides Chevron 80 percent interest in contracts covering two blocks in the Kurdistan Region of Iraq.SAN RAMON, Calif., July 19, 2012 – Chevron Corporation (NYSE: CVX) announced that its ...

Pancontinental acquires additional 10% in Namibia Licence EL 0037
Posted On Jul 20 ,2012 - 07:34-PM | by admin

Pancontinental Oil & Gas NL (“Pancontinental”) is very pleased to announce that it has reached agreement with EL 0037 co-venturer Paragon Holdings Limited (“Paragon”) for Pancontinental to pur...

Update on Nigeria's Petroleum Industry Bill (PIB)
Posted On Jul 19 ,2012 - 07:06-PM | by admin

Nigeria National Assembly Gets Authentic PIB President Goodluck Jonathan Wednesday forwarded the original Petroleum Industry Bill (PIB) to the National Assembly and directed that the soft copy be...

Chevron Acquires Interest in Kurdistan Concessions
Posted On Jul 19 ,2012 - 07:00-PM | by admin

Agreement provides Chevron 80 percent interest in contracts covering two blocks in the Kurdistan Region of Iraq Chevron Corporation (NYSE:CVX) announced that its subsidiaries have completed a tran...

Aker Solutions wins drilling riser contract
Posted On Jul 19 ,2012 - 07:32-AM | by admin

Aker Solutions has won a contract to deliver a deepwater drilling riser system to Atwood Oceanics, the drilling operator. The contract value is undisclosed. The deepwater drilling riser system will...

African Petroleum Requests for Trading Halt
Posted On Jul 19 ,2012 - 07:47-AM | by admin

African Petroleum Corporation Limited (African Petroleum) (NSX: AOQ) requests that a trading halt be granted by the National Stock Exchange of Australia (NSX) with respect to its ordinary shares effec...

Heritage Announces Publication of Competent Persons Report Including Analysis of OML 30, Nigeria
Posted On Jul 19 ,2012 - 07:51-AM | by admin

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, SOUTH AFRICA AND JAPAN Heritage Oil Plc (TSX:HOC)(LSE:HOIL) ("Heritage" or the "Compan...

Dana Petroleum announces strong 2011 performance
Posted On Jul 18 ,2012 - 07:50-PM | by admin

Dana Petroleum plc ("Dana") the upstream oil and gas exploration and production company focused on Europe, Africa and the Middle East announces its financial results for the twelve months ended 31 Dec...

Wawa-1 exploration well finds oil and gas-condensate
Posted On Jul 18 ,2012 - 07:56-AM | by admin

Tullow Oil plc (Tullow) announces that the Wawa-1 exploration well in the Deepwater Tano licence offshore Ghana has intersected oil and gas-condensate in a Turonian turbidite channel system. Wawa-1...

Oil Discovery in Wawa-1 exploration well, Offshore Ghana
Posted On Jul 18 ,2012 - 07:45-AM | by admin

Anadarko Announces Discovery Offshore Ghana Anadarko Petroleum Corporation (NYSE: APC) today announced the Wawa-1 exploration well, located in the Deepwater Tano Block offshore the Republic of Gh...

Aker Solutions awarded contract by Technip
Posted On Jul 17 ,2012 - 07:58-AM | by admin

Aker Solutions to deliver MEG process plant to Ichthys LNG Project Aker Solutions has been awarded a contract by Technip to supply a Mono Ethylene Glycol (MEG) reclamation plant for the Ichthys ...

OPEC Says Oil Demand Growth to Slow in 2013
Posted On Jul 17 ,2012 - 07:19-AM | by admin

The Organisation of Petroleum Exporting Countries (OPEC) has said lower growth in world oil demand will continue in 2013. The 12-member organisation, noted continued geopolitical concerns and secur...

Gulmar Offshore transforms into Iremis and establishes partnership with ISS
Posted On Jul 16 ,2012 - 07:24-PM | by admin

thanks to joint shareholder support Focused strategy and strengthened Board and management will together deliver world-class IRM services Gulmar Offshore Limited, the international subsea contract...

Jaguar-1 exploration well update
Posted On Jul 16 ,2012 - 07:20-AM | by admin

Drilling operations at the Jaguar-1 well in the Georgetown Block, Guyana, have ended and the well will be plugged and abandoned at a depth of 4,876 metres, without reaching the primary objective. T...

Aker Solutions signs Ichthys umbilicals contract
Posted On Jul 16 ,2012 - 07:23-AM | by admin

Aker Solutions has signed a contract with McDermott, the main EPCI contractor for the Ichthys gas-condensate field development subsea umbilical, riser, flowline (SURF) project, for INPEX in Australia....

AP Corporation Signs MoU with PetroChina International Investment Company Limited
Posted On Jul 16 ,2012 - 07:24-AM | by admin

African Petroleum Corporation Limited – Memorandum of Understanding with PetroChina International Investment Company Limited for a strategic investment The Board of African Petroleum Corporation Li...

Demand for Oil Products in Sub-Sahara Grows
Posted On Jul 12 ,2012 - 07:24-PM | by admin

Sub-Saharan Africa’s oil products demand grew by 6% in 2011, says CITAC New data published by downstream African oil specialists CITAC shows a sustained increase in Sub-Saharan African demand in...

Total increases its stake in Ichthys to 30%
Posted On Jul 12 ,2012 - 07:42-PM | by admin

Total today announced that it has acquired an additional 6% interest in the Ichthys liquefied natural gas (LNG) project from its partner INPEX. Total’s overall equity stake in the Ichthys LNG projec...

LUNDIN PETROLEUM COMMENCES EXPLORATION DRILLING ACTIVITIES IN MALAYSIA
Posted On Jul 12 ,2012 - 07:49-PM | by admin

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has commenced its 2012 Malaysian drilling campaign with the spud of the Tiga Papan 5 well in the SB307 & SB308 Block offshore Saba...

Dana Petroleum’s Western Isles project moves ahead
Posted On Jul 12 ,2012 - 07:12-AM | by admin

Dana Petroleum has entered the detailed engineering design phase on the $1.5 billion Western Isles development project in the UK North Sea. The Western Isles project will develop two discovered oil...

Exploration Permit in Sierra Leone over offshore block SL-4A-10
Posted On Jul 12 ,2012 - 07:56-AM | by admin

African Petroleum Corporation Limited has been provisionally awarded an Exploration Permit in Sierra Leone over offshore block SL-4A-10 African Petroleum Corporation Limited (NSX: AOQ) (“African ...

Nigeria Federal Government Finally Approves Petroleum Industry Bill
Posted On Jul 12 ,2012 - 07:47-AM | by admin

But still has to be sent to the National Assembly for consideration and passage into law The Federal Government has approved the Petroleum Industry Bill (PIB), which as part of its provisions will ...

Shell signs Share Purchase Agreement to acquire Gasnor in Norway
Posted On Jul 11 ,2012 - 07:09-PM | by admin

Shell, the current owner of 4.1% of the shares in Gasnor AS, has signed a Share Purchase Agreement for the acquisition of the remaining outstanding shares in the company for USD 74 million (NOK 455.5 ...

Wintershall sends out a positive signal for domestic crude oil and natural gas production
Posted On Jul 11 ,2012 - 07:52-AM | by admin

• Opening of the new global drill core warehouse in Barnstorf, Lower Saxony, underlines the future viability of oil and gas as energy sources • Seele: “Domestic production makes an important ...

CGGVeritas Returns to Algeria with Land Seismic Award
Posted On Jul 11 ,2012 - 07:39-AM | by admin

CGGVeritas announced today that it is set to resume land seismic acquisition operations in Algeria after the award of a 3D vibroseis survey by Groupement Timimoun (GTIM), a joint venture between Sonat...

Technip to release second quarter 2012 results on July 26th
Posted On Jul 11 ,2012 - 07:21-AM | by admin

Technip will publish its second quarter 2012 results on Thursday, July 26, 2012 at 7:00 a.m. CET. The press release and slide presentation will be available from our website: www.technip.com Thierr...

Technip awarded subsea contract for the Balnaves field development
Posted On Jul 11 ,2012 - 07:02-AM | by admin

Technip was awarded by Apache Energy Ltd a subsea installation contract worth approximately A$60 million (about €50 million) for the Balnaves oil field development, located in the Carnarvon Basin, o...

Technip awarded subsea contract in the Middle East
Posted On Jul 11 ,2012 - 07:25-AM | by admin

Technip was awarded by Dubai Petroleum an engineering, procurement, installation and commissioning (EPIC) contract for the South West Fatah and Falah fields, located 90 kilometers offshore Dubai, Unit...

Ghana’s Oil and gas Contracts should be reviewed - IEA, CHRAJ and others
Posted On Jul 10 ,2012 - 07:43-AM | by admin

There is the need to review most of Ghana’s oil contracts which were signed as far back as 2005 to reflect current economic situations, Professor John Asafu-Adjaye, a Senior Fellow of the Institute ...

Total takes operatorship of Xerelete block in Brazil
Posted On Jul 10 ,2012 - 07:11-AM | by admin

Total announces that it has become operator of the offshore Xerelete concession located in a promising area of Brazil’s Campos basin. The transfer of operatorship from Petrobras to Total follows a u...

Yucal Placer Gas Field in Venezuela
Posted On Jul 10 ,2012 - 07:20-AM | by admin

Launch of a new development phase of the Yucal Placer Gas Field in Venezuela Total announces, together with its partners Repsol, Inepetrol and Otepi, having taken the final investment decision for ...

Reef Subsea awarded contract for the inter array power cable installation and burial
Posted On Jul 09 ,2012 - 07:18-AM | by admin

at Gwynt y Môr Offshore Wind Farm, one of the largest in Europe Reef Subsea AS announced today that its subsidiary company, Reef Subsea Power & Umbilical Ltd. with offices in Stockton on Tees ...

ExxonMobil Starts Production from the Kizomba Satellites Project in Angola
Posted On Jul 09 ,2012 - 07:12-AM | by admin

•Phase 1 to produce approximately 100,000 barrels of oil per day •Development to recover approximately 250 million barrels of oil •Nearly $1.5 billion was spent on local goods and services f...

Songa Offshore SE: May/June fleet update
Posted On Jul 09 ,2012 - 07:34-AM | by admin

Songa Venus achieved an average operating efficiency of 98% during the period. The rig continues to operate for Petronas Carigali in Malaysia. It is anticipated that the 1 year optional contract exte...

Knowledge Reservoir Appoints Dr. Sheldon Gorell to Vice-President Technology
Posted On Jul 09 ,2012 - 07:39-AM | by admin

Knowledge Reservoir, a leading global energy consulting company, today announced the appointment of Dr. Sheldon Gorell to the position of Vice-President Technology. Dr. Gorell will lead Knowle...

Deep Offshore Technology (DOT) International oil and gas conference and exhibition will be staged in Perth
Posted On Jul 05 ,2012 - 07:20-AM | by admin

Oil and gas majors heading to perth for leading international event Pennwell Corporation is pleased to announce that the Deep Offshore Technology (DOT) International oil and gas conference and exhi...

New gas and condensate discovery in Southern North Sea
Posted On Jul 05 ,2012 - 07:58-AM | by admin

Total announces that its affiliate Total E&P Norge has participated in a significant gas and condensate discovery in the King Lear prospect on Production Licenses 146 & 333 in the Southern sector of t...

Tullow Oil Trading Statement and Operational Update
Posted On Jul 04 ,2012 - 07:30-AM | by admin

Record first half revenues expected; $2.9bn farm-down in Uganda completed Jubilee remediation programme progressing well; basin-opening Ngamia-1 discovery in Kenya 65% E&A success ratio year to ...

Heritage Announces the US$850 Million Proposed Acquisition of A Major Interest in OML 30
Posted On Jul 03 ,2012 - 07:57-AM | by admin

A Significant Producing Asset in Nigeria Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces that Shoreline Natural Resources Limited ("Sho...

Saipem awarded new E&C Onshore contracts worth $1 billion in Saudi Arabia and Nigeria
Posted On Jul 03 ,2012 - 07:35-AM | by admin

Saipem has been awarded new E&C Onshore contracts in Saudi Arabia and Nigeria worth approximately $1 billion. In Saudi Arabia, Saipem has signed a lump sum EPC contract for the Naphtha and Aromatic...

Saipem awarded new E&C Offshore contracts worth $350 million in Angola and in Nigeria
Posted On Jul 03 ,2012 - 07:42-AM | by admin

Saipem has signed new E&C Offshore contracts in West Africa, in Angola and in Nigeria, worth approximately $350 million. In Angola, Saipem, through its jointly controlled company Petromar, won 2 di...

Saipem awarded new drilling contracts worth $500 million
Posted On Jul 03 ,2012 - 07:38-AM | by admin

Saipem has been awarded new offshore and onshore drilling contracts worth approximately $500 million. In offshore drilling, Saipem has signed a two year extension of the contract with Eni for the c...

Socar, Total and GDF Suez, Absheron discovery in the Azerbaijani deep waters of the Caspian Sea
Posted On Jul 03 ,2012 - 07:55-AM | by admin

A ‘Notice of Discovery and its Commerciality’ for the Absheron discovery was submitted on June, 1 on behalf of the partnership Socar - Total - GDF Suez by operator Total E&P Absheron. This ste...

Delta Rights Group email letter to Nigerian President
Posted On Jun 30 ,2012 - 06:21-AM | by admin

June 26, 2012 President Goodluck Jonathan Office of the President of the Federal Republic of Nigeria, Aso Rock Villa, Asokoro District, Abuja. Dear Sir, RE: IMPENDING DISASTER ARISING F...

Tullow Oil Uganda appoints new general manager
Posted On Jun 30 ,2012 - 06:57-AM | by admin

Tullow Oil Uganda, (Tullow) announced the appointment of Mr Jimmy D. Mugerwa as General Manager of Tullow Uganda Operations Pty Ltd and Tullow Uganda Limited. Mr Mugerwa joins Tullow Uganda from Shel...

Total Steps Up Exploration Activities in Kenya with the Award of the Offshore L22 License in the Lamu Basin
Posted On Jun 28 ,2012 - 06:22-AM | by admin

Total today announced the signature of a production sharing contract with the Kenyan government for Block L22, which it will operate with a 100% interest. Covering an area of more than 10,000 squar...

Total and partners PetroChina and Petronas start production from the Halfaya oil field
Posted On Jun 28 ,2012 - 06:34-AM | by admin

Total announces that the consortium led by PetroChina has started raising production from the Halfaya field to reach in its first phase an average of 70,000 barrels a day from newly built facilities. ...

Petrobras Production in May 2012
Posted On Jun 28 ,2012 - 06:08-AM | by admin

Petrobras announces that its average oil and natural gas output in May, in Brazil and overseas, was 2,601,223 barrels of oil equivalent per day (boed), which represents an increase of 1.9% from April....

Chevron Statement on Ecuador Judgment Enforcement Action
Posted On Jun 28 ,2012 - 06:49-AM | by admin

In response to media reports that the Lago Agrio plaintiffs' lawyers have initiated recognition and enforcement actions of their fraudulent judgment in Brazil, Chevron Corporation (NYSE: CVX) issued t...

Shell says Nigeria loses 5bn dollars to oil theft annually
Posted On Jun 26 ,2012 - 06:26-PM | by admin

Mr Mutiu Sumonu, the Managing Director of Shell Petroleum Development Company Nigeria Plc., said on Tuesday, in Abuja, that Nigeria was losing 5 billion dollars annually to oil theft. Sumonu spoke...

Austen Olusegun Oniwon of NNPC Fired
Posted On Jun 26 ,2012 - 06:39-PM | by admin

Engineer Austen Olusegun Oniwon the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC. has been sacked The Federal Government on Tuesday night fired the entire executi...

Songa Mercur secures contract with Zarubezhneft
Posted On Jun 22 ,2012 - 06:14-AM | by admin

Songa Offshore SE is pleased to announce that a firm contract for the use of Songa Mercur has been agreed and signed with Zarubezhneft, a public joint stock company of Russia. The contract covers the ...

Heritage Announces That it has Commenced Drilling the Miran West-4 Appraisal Well in Kurdistan
Posted On Jun 22 ,2012 - 06:10-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), an independent upstream exploration an...

Heritage Oil Announces the Results of the AGM
Posted On Jun 22 ,2012 - 06:37-AM | by admin

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces that at its Annual General Meeting ("AGM"), held yesterday, all resolutions put to Sharehold...

Aker Solutions invests $100m in new drilling equipment facility in Brazil
Posted On Jun 22 ,2012 - 06:25-AM | by admin

Aker Solutions is building a new multi-purpose service site for its drilling equipment business in Brazil, significantly expanding its capacity to serve the country's fast-growing drilling market. The...

Hess and PETRONAS Sign Partnership Agreements to Develop North Malay Basin
Posted On Jun 21 ,2012 - 06:55-PM | by admin

Hess Corporation (NYSE: HES) announced today that it has signed agreements with PETRONAS to develop the North Malay Basin, located offshore Peninsular Malaysia. The agreements creating the North M...

Heritage Provides an Operational Update
Posted On Jun 21 ,2012 - 06:51-PM | 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...

Wintershall and OMV sign upstream agreement with the Abu Dhabi National Oil Company
Posted On Jun 21 ,2012 - 06:15-AM | by admin

• Wintershall as operator will appraise the sour gas and condensate field in Shuwaihat with equal partner OMV • Shuwaihat would be an important development of a gas and condensate field in the...

Marin Group takes subsea debris recovery to full ocean depth with supersize grab
Posted On Jun 21 ,2012 - 06:02-AM | by admin

Subsea intervention specialist Marin Group has unveiled a versatile new high-volume grab tool designed for use across a range of applications, including large-scale brownfield clearance. The tool ...

Chevron Enters Into Agreement with Kosmos Energy to Explore Offshore Suriname
Posted On Jun 20 ,2012 - 06:16-PM | by admin

Joint Exploration Agreement expands Chevron's presence in a new geological trend Chevron Corporation (NYSE:CVX) announced that its wholly owned subsidiary Chevron Global Energy Inc. (Chevron) ...

Nigeria to end fuel import in 2015
Posted On Jun 19 ,2012 - 06:47-AM | by admin

The Federal Government has given an assurance that the country would stop import of refined petroleum products within the next two years, after it has conducted the Turn Around Maintenance (TAM) of al...

Nigeria’s crude oil production at 2.48 million barrels per day (bpd)
Posted On Jun 19 ,2012 - 06:08-AM | by admin

Nigeria’s crude oil production has risen significantly to peak at 2.48 million barrels per day (bpd), according to the Group Managing Director (GMD) of NNPC, Mr. Austen Oniwon Mr. Oniwon, who di...

Chevron Completes Drilling of Relief Well Offshore Nigeria
Posted On Jun 19 ,2012 - 06:35-AM | by admin

Funiwa 1 natural gas well has been sealed and abandoned Chevron Corporation (NYSE:CVX) said that its subsidiary, Chevron Nigeria Limited (CNL), has sealed and abandoned the shallow water Funiw...

OPEC Maintains 30mbpd Output Targets
Posted On Jun 15 ,2012 - 06:13-AM | by admin

The Organisation of Petroleum Exporting Countries (OPEC) has decided to leave production ceiling at 30 million barrels per day (mbpd), as concern that global growth is shrinking outweighed calls by so...

Dana Petroleum to operate in Cameroon
Posted On Jun 15 ,2012 - 06:52-AM | by admin

The Government of Cameroon has awarded Dana Petroleum plc (“Dana”) a production sharing contract (PSC) for the Bakassi West block in Cameroon. In a deal which extends our existing position in Afri...

Brent crude rises
Posted On Jun 14 ,2012 - 06:58-PM | by admin

Brent crude rose by 26 cents to $97.39 a barrel ahead of the outcome of an OPEC meeting and the Greek elections. Participants at the meeting, to be held today in Austria, are looking out for any ch...

Second high-impact discovery for Statoil offshore Tanzania
Posted On Jun 14 ,2012 - 06:09-PM | by admin

Statoil (OSE: STL, NYSE:STO) and partner ExxonMobil have made a large gas discovery in the Statoil-operated Block 2 licence in Tanzania. The logging results from the Lavani well confirm a new high...

Aker Solutions invests in Thailand
Posted On Jun 14 ,2012 - 06:04-PM | by admin

International oil service group Aker Solutions continues its investments in Asia Pacific with a brand new lifecycle services workshop in Songkhla, in the Gulf of Thailand. Recently, Aker Solutions...

ExxonMobil Launches Free App for iPad®
Posted On Jun 12 ,2012 - 06:39-AM | by admin

•App houses the latest ExxonMobil news, blog posts, stock price, videos and publications • Enhanced, interactive version of the Outlook for Energy: A View to 2040 is available • New content ...

Aker Solutions to establish 1 700-strong engineering hub in London
Posted On Jun 07 ,2012 - 06:56-AM | by admin

Aker Solutions aims to build up a 1 700-strong London engineering hub - thereby creating 1 300 new jobs - by 2015, as growth in global oil and gas markets drives demand for the company's technologies ...

Paon-1X exploration well discovers oil in Côte d'Ivoire
Posted On Jun 07 ,2012 - 06:36-AM | by admin

Tullow Oil plc (Tullow) announces that the Paon-1X exploration well in the CI-103 licence offshore Côte d'Ivoire has intersected good quality light oil in a Turonian fan system. Paon-1X is the fir...

MALAYSIA’S FIRST LNG RE-GASIFICATION TERMINAL REACHES COMPLETION
Posted On Jun 06 ,2012 - 06:41-PM | by admin

To mark this important industry milestone, Prime Minister Dato’ Sri Mohd Najib Tun Razak and Melaka Chief Minister Datuk Seri Mohd Ali Rustam today officially launched the facility in conjunction wi...

Dana appoints Director of New Business Development
Posted On Jun 06 ,2012 - 06:56-AM | by admin

Dana Petroleum is pleased to announce the appointment of Jim Mair, as Director of New Business Development, based at the company’s Aberdeen headquarters. Reporting to Group Chief Executive Marcus ...

U.S. petroleum coke net exports averaged about 470 thousand barrels per day
Posted On Jun 06 ,2012 - 06:46-AM | by admin

U.S. net exports of petroleum coke—a byproduct of oil refining —continued at higher levels over the combined January-February 2012 period. Demand for U.S. petroleum coke, or sometimes called "petc...

Cairn Energy PLC Selects Paradigm’s 2D/3D Seismic Interpretation Solution
Posted On Jun 06 ,2012 - 06:06-AM | by admin

The new tools will be used for exploration activities in offshore Greenland. (COPENHAGEN: June 5, 2012) Paradigm™ (www.pdgm.com) announced today that after a competitive evaluatio...

Deep Casing Tools awarded significant order in Saudi Arabia
Posted On Jun 06 ,2012 - 06:55-AM | by admin

Deep Casing Tools, the Aberdeen-based casing and completion technology specialist, has secured a major order in Saudi Arabia following the introduction of its innovative high-speed drillable reaming s...

NNPC Press Release on Dana Air Crash
Posted On Jun 06 ,2012 - 06:41-AM | by admin

The Management and Staff of the Nigerian National Petroleum Corporation (NNPC) received with great shock the news of the air crash involving Dana Airlines Flight 0992 from Abuja to Lagos on Sunday, Ju...

Canada is now the United State's top crude supplier
Posted On Jun 01 ,2012 - 06:25-PM | by admin

Changing patterns in U.S. crude imports U.S. crude oil import patterns have been undergoing significant shifts in recent months. While growing domestic tight oil production from the Bakken formati...

Oando Set to Acquire 40% Participating Interest in the Qua Iboe oilfield (OML 13)
Posted On May 28 ,2012 - 05:39-PM | by admin

•Signs a Farm-in Agreement with Network Exploration & Production Nigeria Limited for the acquisition of a 40% participating interest in the Qua Iboe field (OML 13)
•Competent Person...

Ngamia-1 Drilling Update
Posted On May 25 ,2012 - 05:08-PM | by admin

Tullow Oil plc (Tullow) this morning hosted a meeting with certain investors in Nairobi. During the course of this meeting it was inadvertently indicated that the Ngamia-1 well was drilling into the ...

ORDER OF A NEW HARSH ENVIRONMENT ULTRA-DEEPWATER SEMI SUBERSIBLE DRILLING RIG
Posted On May 25 ,2012 - 05:59-PM | by admin

A wholly owned subsidiary of Fred. Olsen Energy ASA has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for the building of a harsh environment ultra deepwater semi submersible...

New Differential Digital Output Pressure and Temperature Transducer
Posted On May 25 ,2012 - 05:08-PM | by admin

Precise differential digital pressure and temperature mea