Press Releases


Heritage Oil Issues an Update on the Proposed Disposal of Its Ugandan Interest

Monday, February 8th, 2010

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 and production company, issues ...


Knowledge Reservoir Realigns and Strengthens Service Offerings

Monday, February 8th, 2010

Knowledge Reservoir, a leading geosciences and engineering consulting company, today announced a realignment and strengthening of its business structure and service offering to enable the company to more aggressively pursue ...


Neste Oil’s Financial statements for 2009

Thursday, February 4th, 2010

Stock Exchange Release Neste Oil’s Financial statements for 2009 - Full-year comparable operating profit of EUR 116 million (2008: 602 million) - The year ended with a Q4 comparable operating profit of ...


EXPLORATION WELL IN PL359 SPUDDED, OFFSHORE NORWAY

Thursday, February 4th, 2010

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of exploration well 16/4-5 on the Luno High prospect in the Greater Luno Area has commenced. The well in ...


GE Oil & Gas Signs Minority Shareholding Agreement with Shenyang Turbo Machinery Corporation

Thursday, February 4th, 2010

GE Oil & Gas Signs Minority Shareholding Agreement with Shenyang Turbo Machinery Corporation, China’s Leading Compressor Manufacturer Agreement Consolidates 30-Year Relationship and GE’s Continued Commitment to China GE Oil & Gas ...


Texas Gas Selects GE for Mississippi Pipeline Compressor Station Rejuvenation

Thursday, February 4th, 2010

GE Oil & Gas has replaced-in-kind a gas turbine at a Texas Gas Transmission, LLC pipeline compression station in Mississippi, using advanced technology designed to revitalize and recover performance with ...


GE Oil & Gas Supplying Compressors for Impala Platinum Plant

Thursday, February 4th, 2010

Project Expands GE Presence in the Region’s Mining and Petrochemical Sector GE Oil & Gas, a world leading company in oil and gas advanced technology equipment and services, will supply ...


GE Oil & Gas Technology Drives Efficiency Upgrade at KRIBHCO Fertilizer Plant, India

Thursday, February 4th, 2010

GE Oil & Gas will apply advanced compressor technology in an upgrade project to increase the productivity of Krishak Bharati Cooperative Limited’s (KRIBHCO) urea, ammonia and bio-fertilizer manufacturing facility at ...


GE Oil & Gas Strengthens Drilling & Production Portfolio With Downhole Oilfield Technology

Thursday, February 4th, 2010

GE Energy announced that its Oilfield Technology (OFT) business, a technology innovator in the design and manufacture of wireline and drilling measurement solutions for the oilfield services segment, has been ...


GE Oil & Gas Subsea Upgrade Boosts Angolan Deepwater Oil Production

Thursday, February 4th, 2010

World’s First Use of GE VetcoGray Technology for Scale-Squeeze Application in Deepwater LUANDA, ANGOLA and HOUSTON, U.S. – February 2, 2010 - GE Oil & Gas, a world leading company ...


GE Oil & Gas Awarded Contract Worth Over $200M for GASCO’s IGD Project, Abu Dhabi

Thursday, February 4th, 2010

GE Oil & Gas has been awarded a contract worth over $200 Million, by Hyundai Engineering & Construction Company (HDEC), to supply eight gas turbines and related services, for the ...


Aker Solutions signs subsea contract with Repsol

Thursday, February 4th, 2010

Aker Solutions has signed a contract with Repsol Investigaciones Petroliferas S.A. for delivery of subsea equipment to the Spanish oil company's Mediterranean wells. Contract value is approximately NOK 120 million. ...


Occidental Petroleum Replaces 206 Percent of 2009 Production

Thursday, February 4th, 2010

2009 year-end proved reserves 3.23 billion BOE, an increase of 8 percent Three-year reserve replacement ratio 160 percent Occidental Petroleum Corporation (NYSE: OXY) announced today that at year-end 2009, the ...


CGGVeritas Announces Sercel to Request Court Overturn Jury Verdict

Thursday, February 4th, 2010

CGGVeritas (ISIN : 0000120164 – NYSE : CGV) announced today that a Texarkana jury found that its subsidiary Sercel Inc. infringed on United States Patent No. 5,852,242 and that ION ...


Summary of Royal Dutch Shell’s fourth quarter 2009 earnings

Thursday, February 4th, 2010

Royal Dutch Shell’s fourth quarter 2009 earnings, on a current cost of supplies (CCS) basis, were $1.2 billion compared to $4.8 billion a year ago. Basic CCS earnings per share ...


Paradigm Releases Sysdrill 2009.1

Wednesday, February 3rd, 2010

New release adds multi-language support for Chinese- and Russian-speaking users (NEW ORLEANS: February 2, 2010) Paradigm™ (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural ...


From crude oil to geothermal power

Tuesday, February 2nd, 2010

Wintershall provides water park in the Pfalz town of Landau with geothermal power from a former crude oil reservoir 1,100 meters underground Landau. From the summer of this year, Germany’s largest ...


Matthew J. Foehr Named Chevron Comptroller

Tuesday, February 2nd, 2010

Mark A. Humphrey to Retire after Distinguished Career with the Company Chevron Corporation (NYSE:CVX)today named Matthew J. Foehr as corporate vice president and comptroller, effective April 1. Foehr succeeds Mark A. ...


Shell and Cosan sign MOU to form joint venture in Brazil

Monday, February 1st, 2010

Shell International Petroleum Company Limited (Shell) and Cosan S.A. (Cosan) announced today they have signed a non-binding memorandum of understanding (MoU), with the intention to form a circa $12 billion ...


Turkmen specialists undergo training at RWE Dea

Monday, February 1st, 2010

Leading specialists of the oil and gas sector in Turkmenistan undergo a one week training at the head office of RWE Dea AG in Hamburg, Germany. The group of ten Turkmen ...


Dana Gas Increases Revenues & Gas Reserves in 2009

Monday, February 1st, 2010

• Production increases 20%. Sales revenues up 12% to AED 1.28 billion • 8 New Discoveries. Reserves increase by 40%. • Production Replacement Ratio of 400% • Net Profit after Tax of AED ...


Shell sells Nigeria assets to consortium led by local companies

Saturday, January 30th, 2010

The Shell Petroleum Development Company of Nigeria Limited (SPDC) today agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led ...


PDVSA and Eni sign agreement to develop Junin 5 giant heavy oil field in Venezuela

Saturday, January 30th, 2010

Joint development of Junin 5 which has 35 billion barrels of certified oil in place. First oil expected in 2013. PDVSA and Eni to jointly develop hydrogenation technology to maximise ...


ExxonMobil Fourth Quarter 2009 Earnings Conference Call Monday, February 1, 2010

Friday, January 29th, 2010

ExxonMobil will release its fourth quarter 2009 earnings on Monday, February 1, 2010. A news release will be issued over Business Wire. Reporters can listen to a follow-up conference call ...


EIA to Change Web Addresses of Key Information Releases

Friday, January 29th, 2010

On February 22, 2010, the Energy Information Administration (EIA) will change the web addresses for key information releases in the Weekly Natural Gas Storage Report (WNGSR) and the Weekly Petroleum ...


Exxon Mobil Corporation Declares First Quarter Dividend

Thursday, January 28th, 2010

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 42 cents per share on the Common Stock, payable on March 10, 2010 to shareholders ...


Chevron Announces Quarterly Dividend

Thursday, January 28th, 2010

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of sixty-eight cents ($0.68) per share, payable March 10, 2010, to holders of common stock as ...


Clarification about news: Papa Terra Project

Thursday, January 28th, 2010

Petrobras whishes to clarify the news published today by the press and to confirm the content of the media release distributed by Chevron Corporation regarding the Papa Terra project. The ...


Acquisition of Participation in the Cascade Field

Thursday, January 28th, 2010

Petrobras announces it has exercised its preference right for acquisition of 50% of the Devon Energy Corporation (Devon) participation interest in the Cascade field, located in the Gulf of ...


Negotiations for Guará Pilot Project

Thursday, January 28th, 2010

Petrobras informs that it signed yesterday, together with the BG Group and Repsol, a Letter of Intent with the Consortium Schahin/Modec for the construction and leasing of a FPSO ...


Aker Solutions with lowest bid for subsea frame agreement

Thursday, January 28th, 2010

Aker Solutions is the lowest bidder for a four-year frame agreement to supply 61 subsea trees to Brazilian national oil company Petrobras. This has been announced at a public bid ...


ExxonMobil, Ashoka’s Changemakers and International Center for Research on Women Launch Women’s Economic Development Challenge

Wednesday, January 27th, 2010

Women | Tools | Technology Challenge focuses on using technology and innovation to economically advance women in developing countries New study, Bridging the Gender Divide in Technology, provides research foundation ...


Petrobras will be releasing results

Wednesday, January 27th, 2010

Petrobras will be releasing results for the Fourth Quarter and the fiscal year 2009, in accordance with Brazilian Corporate Law, on February 26, 2010, after the markets closing. CFO and Investor ...


Chevron Makes Final Investment Decision on Papa Terra Project Offshore Brazil

Wednesday, January 27th, 2010

Deepwater Project is Chevron's Largest Investment in Brazil to Date Chevron Corporation (NYSE:CVX) announced today that its Brazilian subsidiary will proceed with the development of the Papa Terra project as the ...


RWE Dea to participate in two exploration licences in Norway

Wednesday, January 27th, 2010

Commitment in Norway strengthened with stakes in two licences Following the completion of the 2009 licensing round (APA), the Norwegian energy ministry awarded RWE Dea interests in two new exploration licences. ...