Press Releases


RWE Dea remains on growth track

Wednesday, March 17th, 2010

Hamburg-based RWE Dea remains on its growth track in the international gas and oil business, as numerous operational successes prove. Despite the economic crisis in 2009 and significantly lower prices ...


Aker Solutions signs sub-surface frame agreement with Statoil

Wednesday, March 17th, 2010

Aker Solutions' geo business has signed a three-year frame agreement with Statoil to supply sub-surface consultancy services within the areas of production geology, exploration geology and reservoir technology. Contract value ...


NEW DRILLING CONTRACT FOR BIDEFORD DOLPHIN

Wednesday, March 17th, 2010

Dolphin AS, a subsidiary of Fred. Olsen Energy ASA, has entered into a Contract with Statoil for a 3 year drilling contract for the semi submersible drilling rig Bideford Dolphin ...


Hampson-Russell Sells its GLI3D Software Ownership to GeoTomo

Tuesday, March 16th, 2010

CGGVeritas announced today that its Hampson-Russell Software & Services division has sold full commercial rights of its GLI3D refraction statics software to GeoTomo LLC. Based in Houston, GeoTomo creates and ...


Discovery of Light Oil in Piranema

Tuesday, March 16th, 2010

Petrobras, announces a new discovery of light oil in sandstone reservoirs located in the Sergipe Basin, in the post-salt layer of the Piranema area.The economically recoverable volume of oil is ...


ExxonMobil to Explore Black Sea with Specially Designed Transocean Drillship

Tuesday, March 16th, 2010

Deepwater Champion capable of drilling 12,190 meters in up to 3,660 meters of water Ultra-deepwater drillship to undertake 2011 drilling program in Turkish Black Sea ANKARA, Turkey--(BUSINESS WIRE)--ExxonMobil Exploration and ...


Royal Dutch Shell plc updates on strategy to improve performance and grow

Tuesday, March 16th, 2010

On Tuesday, 16 March 2010 Royal Dutch Shell plc gave an update on the Royal Dutch Shell plc strategy. You can register for the webcasts. Shell today said it was ...


Fuels and Lubricants to Be “Critical to Race Strategies” in the 2010 Grand Prix Season, According to Vodafone McLaren Mercedes

Tuesday, March 16th, 2010

New Fuel and Lubricants Package Launched by Long-Standing Technology Partner ExxonMobil FAIRFAX, Va.--(BUSINESS WIRE)--ExxonMobil, Technology Partner to the Vodafone McLaren Mercedes team since 1995, has introduced an innovative new lubricant ...


BP Enters Deepwater Brazil and Strengthens Core Portfolio

Monday, March 15th, 2010

BP today announced a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly enhance its position in core strategic areas In a broad-ranging deal, ...


Papua New Guinea LNG Project Clears Final Conditions to Proceed

Saturday, March 13th, 2010

Completes Sales Agreements and Financing Arrangements IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) today announced that sales and purchase agreements with liquefied natural gas (LNG) buyers and financing arrangements with ...


US Court reassert the decision about Pasadena Refinery

Saturday, March 13th, 2010

Petróleo Brasileiro S.A – Petrobras, informs that on March 10, 2010, the United States District Court for the South District of Texas confirmed an arbitration award issued on April 10, ...


Anchor Industries to Participate in the Oil & Gas Africa 2010 Exhibition

Friday, March 12th, 2010

nchor Industries, supplier of marine and offshore mooring as well as lifting and rigging equipment in Southern Africa, will be participating in the Oil & Gas Africa 2010 exhibition from ...


Scapa Cable Solutions to Exhibit its Cable Wrapping Tapes at Wire 2010

Friday, March 12th, 2010

Scapa Cable Solutions is pleased to announce that it will be exhibiting at Wire 2010 in Düsseldorf, Germany. The exhibition will run between 12-16 April at the Messe Düsseldorf. If you ...


Chevron Deploys a Second Ultra-Deepwater Drillship

Thursday, March 11th, 2010

Next Generation Drillship Has Unsurpassed Drilling Capabilities Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that it has commenced operations on the Discoverer Inspiration, an ...


Eni 2009 Consolidated Financial Statements

Thursday, March 11th, 2010

The Board of Directors approved Eni’s consolidated financial statements and the draft financial statements of the parent company for the year ended December 31, 2009. ■Net profit for the year: €4.37 ...


New oil discovery in Colombia

Thursday, March 11th, 2010

Petróleo Brasileiro S.A. - Petrobras announces an oil discovery in the Balay exploration block, in Colombia, operated by its subsidiary Petrobras Colombia Limited which holds a 45% working interest. The ...


Thursday, March 11th, 2010

The Church of England's two biggest investments, totalling in excess of £200 million, are in the oil companies Shell and BP. The Church also has a major investment in Exxon ...


Wednesday, March 10th, 2010

Where will the energy come from, as more of the world’s net exporters become net importers? Britain, Argentina, Indonesia, and others have become net importers in recent years. Mexico and Columbia ...


Natural Gas: An Economic and Environmental Solution to Meeting Growing Energy Demand

Wednesday, March 10th, 2010

Development Contingent on Sensible Policy Decisions HOUSTON--(BUSINESS WIRE)--The development of natural gas resources from around the world will play an important role in the future global economy, Tom Walters, president ...


Memorandum of understanding signed for exploration activities in the Republic of Azerbaijan

Wednesday, March 10th, 2010

The RWE Group expands its commitment in Azerbaijan. The company and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a memorandum of understanding to draw up ...


Dana Gas sponsors inaugural Middle East Prospect Exhibition (MEPEX) in Bahrain

Wednesday, March 10th, 2010

Al Arbeed: “We are committed to promote and develop the energy sector of the region and support events such as MEPEX” Dana Gas, the Middle East's first and largest regional ...


Energy News for Major Energy Companies, Fourth Quarter 2009

Tuesday, March 9th, 2010

Nineteen major energy companies reported almost a 300-percent increase in net income relative to the fourth quarter of 2008 (Q408). However, net income during the fourth quarter of 2009 (Q409) ...


Tuesday, March 9th, 2010

Fourth Quarter 2009 Key Findings Net Income: $13.7 billion Revenues: $261.6 billion •Nineteen major energy companies reported almost a 300-percent increase in net income relative to the fourth quarter of ...


Songa Mercur secures contract with Gazflot LLC

Tuesday, March 9th, 2010

Songa Offshore is pleased to announce that a firm contract for use of Songa Mercur has been agreed and signed with Gazflot LLC, a Gazprom subsidiary. The contract covers the ...


Dana Gas announces two gas discoveries in Egypt

Tuesday, March 9th, 2010

Estimated 35-70 billion cubic feet of gas reserves added and a new gas field brought on stream ahead of schedule Dana Gas PJSC, the Middle East's first and largest regional ...


Aker Solutions wins major contract for two FPSOs in Brazil

Tuesday, March 9th, 2010

Aker Solutions has signed a major contract with Petrobras to supply sulphate removal units for two FPSOs (Floating Production Storage and Offloading) platforms which will operate offshore Brazil. Contract value ...


Chevron Well-Positioned for Future Growth

Tuesday, March 9th, 2010

Upstream growth driven by Australian natural gas developments and a deep queue of major capital projectsDownstream taking actions to improve returns amid difficult global market conditions NEW YORK, Mar 09, 2010 ...


Parliament Debates New Oil Law for Nigeria

Tuesday, March 9th, 2010

Nigeria's parliament is debating a new oil law that foreign companies say could drive away billions of dollars in future investment. The government's petroleum ministry says it will recoup ...


Songa February fleet update

Tuesday, March 9th, 2010

Songa Venus has spent the full month of February in Singapore where it is currently undergoing its 5 yearly SPS inspections. Planned inspections are progressing in line with schedule and ...


Knowledge Reservoir Extends Management Team for Growth

Tuesday, March 9th, 2010

Knowledge Reservoir, a leading geosciences and engineering consulting company, today announced the appointment of Larry Denver to the position of President of the company. Also joining Knowledge Reservoir is ...


Hess Announces Regular Quarterly Dividend On Common Stock

Tuesday, March 9th, 2010

The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March ...


CGGVeritas Announces 2009 4th Quarter and Full Year Results

Wednesday, March 3rd, 2010

Group Operating Margin before all Nonrecurring Charges Reached 10% in 2009 Free Cash Flow at $38m in Q4, $168m for the Full Year Marine Fleet Focused on High-end Market in 2010 One off ...


Vanco and LUKOIL Discover Gas-Condensate and Oil at Dzata-1

Friday, February 26th, 2010

Vanco Ghana Ltd. (Vanco), together with LUKOIL Overseas Ghana Ltd. and GNPC, announces that the Dzata-1 exploration well drilled on the Cape Three Points Deep Water Block located offshore the ...


Executive Vice President Charles A. James to Leave Chevron

Friday, February 26th, 2010

Chevron Corporation (NYSE:CVX)today announced that executive vice president, Charles A. James, will leave the company effective May 2, 2010. James, who intends to retire from the active practice of law, ...


Nigeria vows to ensure stable crude supply

Thursday, February 25th, 2010

Nigeria vowed on Tuesday to ensure a stable global oil supply, promising to keep a lid on the unrest that has dogged the oil producing Niger Delta in recent years ...