Press Releases


Occidental Increases Share Repurchase

Friday, July 18th, 2008

LOS ANGELES, July 18, 2008 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors has authorized the repurchase of an additional 20 million shares of ...


CME Group Inc. and NYMEX Holdings, Inc. Approve Revised Merger Agreement

Friday, July 18th, 2008

Revised Agreement Represents Full and Final Offer, Maintains Original Exchange Ratio and Cash Consideration Per Share NYMEX Class A Members to Retain Seats and Receive Increased Consideration CME Group and NYMEX Shareholders ...


Oando Gas & Power Takes Gas to Tin Can Island

Friday, July 18th, 2008

Industries on the Tin Can Island, Lagos are now positioned to access natural gas as Gaslink Nigeria Limited - a subsidiary of Oando Gas and Power, Nigeria’s leading energy provider ...


Schlumberger Announces Second-Quarter 2008 Results

Friday, July 18th, 2008

HOUSTON, July 18, 2008 - Schlumberger Limited (NYSE:SLB) today reported second-quarter revenue of $6.75 billion versus $6.29 billion in the first quarter of 2008, and $5.64 billion in the second ...


BP and Chesapeake Announce Arkoma Basin Woodford Shale Transaction

Friday, July 18th, 2008

Chesapeake Energy Corporation (NYSE:CHK) and BP America Inc. (NYSE:BP) today announced that BP has agreed to acquire all of Chesapeake’s interests in approximately 90,000 net acres of leasehold and producing ...


Eni reports drop of pressure at Nigerian pipelines, production suspended

Friday, July 18th, 2008

Eni informs that last night a sudden drop of pressure has occurred at the Nigerian pipelines linking Tebidaba flowstation to Brass terminal and Ogbambiri flowstation to Tebidaba flowstation. Production has ...


Shell Canada Limited files formal offer for Duvernay Oil Corp.

Friday, July 18th, 2008

Shell Canada Limited, a wholly owned subsidiary of Royal Dutch Shell plc ("Royal Dutch Shell"), has filed its formal offer (the "Offer") to acquire all the common shares of Duvernay ...


Total renews contracts with Libyan National Oil Corporation

Friday, July 18th, 2008

Signature of an agreement with Libyan National Oil Corporation to renew NC115 and NC186 contracts         Total confirms that an agreement has been signed for Repsol operated blocks NC115 and NC186 with ...


Occidental Petroleum Declares Dividend

Friday, July 18th, 2008

LOS ANGELES, July 17, 2008 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) said today that its board of directors has declared a regular quarterly dividend of $.32 per share on ...


Sasol Wax expands hydro-treating capacity in Germany

Thursday, July 17th, 2008

Sasol Wax, the leading producer and marketer of synthetic and petroleum-derived wax, announced that it is expanding hydro- treating capacity for paraffin waxes at its Hamburg plant in Germany. The ...


Addax Petroleum Awarded Additional Interest in Deep Water Exploration License in Joint Development Zone

Thursday, July 17th, 2008

Additional 7.2 per cent interest in JDZ Block 4 license area Calgary, Alberta, July 16th, 2008 – Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (“Addax Petroleum” or the “Corporation”) announces ...


Schlumberger Declares Quarterly Dividend

Thursday, July 17th, 2008

HOUSTON, July 17, 2008 - The Board of Directors of Schlumberger Limited (NYSE:SLB) has declared a quarterly dividend of 21 cents per share on outstanding stock. The dividend is payable ...


Eni presents its innovative online settlement procedure

Thursday, July 17th, 2008

Eni presents its innovative online settlement procedure to Italy's associations for consumer rights protection Through Eni's website the company's gas customers,can undertake a settlement procedure for disputes. Promoting an innovative settlement model ...


Shell and Iogen announce extended alliance

Thursday, July 17th, 2008

Royal Dutch Shell plc and its subsidiaries (“Shell”) and Iogen Corporation today announced an extended commercial alliance to accelerate development and deployment of cellulosic ethanol. The terms of the agreement include ...


TNK-BP CEO Robert Dudley’s visa may not be renewed

Thursday, July 17th, 2008

BP today expressed its displeasure that public statements are being made by officials at the Federal Migration Service (FMS) suggesting that TNK-BP CEO Robert Dudley’s visa may not be renewed Mr ...


Genoil Inc., Update on cancellation of Notes and Warrants and issuance of New Notes and Warrants

Thursday, July 17th, 2008

Calgary, Alberta, Canada – July 16, 2008 – As previously announced, on October 10, 2006 Genoil Inc. (TSX.V: GNO; OTCBB: GNOLF.OB) entered into loans from Lifschultz Enterprises Co., LLC ("Enterprises"), ...


Aurelian Oil & Gas PLC , Commencement of Well Vicsani-1, Brodina Concession, Romania

Thursday, July 17th, 2008

Aurelian Oil & Gas PLC ("Aurelian" or "the Company") announces on behalf of its wholly owned Romanian subsidiary and its partner SNGN Romgaz S.A. that the well Vicsani-1 was spudded ...


Graduation of NNPC/Nexus Foundation Skills Training Program for Technicians (FSTP-T)

Thursday, July 17th, 2008

Lagos, Nigeria -(Oilandgaspress) - Nexus Alliance Limited (Nexus), a  training, manpower supply and technology services company for the Oil, Gas and Petrochemical  industry announced that the second batch of the ...


Inaugural Nexus Annual General Meeting and Board Meeting

Thursday, July 17th, 2008

Lagos, Nigeria -(Oilandgaspress) - Nexus Alliance Limited (Nexus), a  training, manpower supply and technology services company for the Oil, Gas and Petrochemical industry announced that at the premier AGM and Board ...


Earth Biofuels Restructures Debt on Biodiesel Facility

Wednesday, July 16th, 2008

DALLAS--(BUSINESS WIRE)--Earth Biofuels, Inc. (OTCBB: EBOF) today announced a restructuring of certain promissory notes which has resulted in the reduction of $4,000,000 of senior secured debt on its biodiesel production ...


Stock Options Granted by Petroflow Energy Ltd.

Wednesday, July 16th, 2008

CALGARY, Alberta--(BUSINESS WIRE)--Petroflow Energy Ltd. (“Petroflow”) (TSX VENTURE:PEF)(AMEX:PED) announces it has granted an aggregate of 292,000 options to its officers and employees pursuant to Petroflow’s existing Stock Option Plan effective ...


$90 Million Contract for New Land Rigs Obtained by LeTourneau

Wednesday, July 16th, 2008

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) announced today that its wholly owned manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI), has entered into a contract to provide major components for nine new 1500 ...


Second-Quarter Conference Call date for ConocoPhillips

Wednesday, July 16th, 2008

ConocoPhillips to Hold Second-Quarter Conference Call Wednesday, July 23 HOUSTON, July 16, 2008 --- ConocoPhillips [NYSE:COP] will release its second-quarter earnings on Wednesday, July 23, at 8:30 a.m. Eastern. The news ...


Eni to appeal Pieve Vergonte Site Ruling

Wednesday, July 16th, 2008

Eni announces that it will appeal the ruling on Pieve Vergonte site (Syndial)   Syndial underlines its longstanding commitment to protecting and cleaning up the site San Donato Milanese (MI), 16 July 2008 ...


NYMEX Reports June 2008 Volume Averaged 1.826 Million Contracts Per Day

Wednesday, July 16th, 2008

- NYMEX Electronic Trading Volume Increases 40% - COMEX Electronic Trading Volume Increases 65% NEW YORK, July 16  /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York ...