Oil discovery in Angola
Tuesday, February 23rd, 2010Petrobras, announces two new oil discoveries made in Block 15/06, in deep Angolan waters. The Company holds 5% stakes in Block 15/06 and Eni is the operator, holding 35% of ...
Petrobras, announces two new oil discoveries made in Block 15/06, in deep Angolan waters. The Company holds 5% stakes in Block 15/06 and Eni is the operator, holding 35% of ...
Nigeria oil reform saga
Tuesday, February 23rd, 2010Oil industry analysts warn the bill before lawmakers would cut drastically into company profits and ruin the business climate. Nigeria's proposed oil industry reforms could drive away $50 billion in investment ...
BJ Services Reports First Fiscal Quarter Net Loss From Continuing Operations of $0.03 Per Diluted Share
Tuesday, February 9th, 2010BJ Services Company (BJS-NYSE, CBOE, PCX) today reported that revenue in the first quarter of fiscal 2010, which ended December 31, 2009, was $931.5 million, representing a 6% increase from ...
Schlumberger Announces Fourth-Quarter and Full-Year 2009 Results
Monday, January 25th, 2010Schlumberger Limited (NYSE:SLB) today reported full-year 2009 revenue of $22.70 billion versus $27.16 billion in 2008. Income from continuing operations attributable to Schlumberger, excluding charges, was $3.36 billion, representing diluted earnings-per-share ...
Ghana Energy Minister visits oil vessel construction site
Thursday, November 19th, 2009A delegation led by the Minister of Energy, Dr. Joseph Oteng-Adjei, has visited three of the yards involved with the construction of the Jubilee Field Offshore Floating Production, Storage and ...
ExxonMobil Celebrates 15 Years of Operations in Angola
Friday, November 6th, 2009Total Production Exceeds One Billion Barrels IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) affiliate Esso Exploration Angola (Block 15) Limited (Esso Angola) is celebrating 15 years of safe and successful operations in ...
Eni makes a new significant oil discovery offshore Angola
Monday, November 2nd, 2009It produced oil at rates in excess of 6,500 barrels of oil per day during production tests (rates were constrained by surface equipment). Eni and Sonangol announce an important oil discovery ...
BP Makes Nineteenth Oil Discovery in Ultra-Deepwater Block 31 Angola
Monday, October 5th, 2009Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Limited today announced the 'Tebe' oil discovery in ultra-deepwater Block 31, offshore Angola This is the nineteenth discovery made by ...
S crude for November delivery fell $0.63 to $68.34 a barrel , London Brent crude fell $0.55 to $67.44 a barrel. Angola state-owned company Sonangol will buy Marathon Oil’s 20%
Thursday, September 24th, 2009Angola state-owned company Sonangol will buy Marathon Oil's 20% stake in Angola's Block 32, valued at $1.3bn, Sonangol has announced. The agreement comes after the sale was blocked to two Chinese ...
Eni starts production at the Tombua-Landana project in the offshore of Angola
Wednesday, September 9th, 2009The 46-well project comprises a 474 meter (1,554 feet) compliant piled tower, one of the world's tallest man-made structures, and one sub-sea center to access the Tombua and Landana fields. Eni ...
Chevron Announces First Oil From Tombua-Landana ProjectChevron’s Success in Bringing on New Production Continues With Deepwater Project in Angola
Wednesday, September 9th, 2009Chevron Corporation (NYSE:CVX) announced today that its subsidiary, Cabinda Gulf Oil Company Ltd. (CABGOC) and its partners, commenced crude oil production at the Tombua-Landana project located 50 miles (80 kilometers) ...
Chevron and USAID Pledge New Support for Better Outcomes in AngolaAgreement Latest in Company’s Multimillion Dollar Initiatives in Angola
Tuesday, August 18th, 2009Chevron Corporation (NYSE:CVX), the United States Agency for International Development (USAID) and the Cooperative League of the United States of America (CLUSA) today announced the basis for a new partnership ...
Oil News from around the web, Crude oil for September 2009 delivery traded at $66.61 a barrel on the New York Mercantile Exchange ;London Brent traded at $69.88 a barrel on London’s ICE Futures Europe exchange ; BG Group is pulling some funding out of Nigeria
Friday, July 31st, 2009Oil major Royal Dutch Shell posted a 70% fall in second quarter net profit, as oil prices and refining margins tumbled, but gains in foreign exchange has helped the company ...
Oil News ; Angola has overtaken Nigeria as Africa’s biggest oil producer ; Federal Government of Nigeria yesterday set a benchmark of $50 per barrel of crude oil and four million barrels per day production for the 2010 budget
Thursday, July 23rd, 2009Tema, Ghana: In this gritty port city in eastern Ghana, the country’s only oil refinery currently processes 45,000 barrels of crude per day, mostly from other West African countries such ...
Chevron Announces First Oil from Mafumeira Norte Field in AngolaDevelopment is Latest Achievement in Major Producing Area
Thursday, July 2nd, 2009Chevron Corporation (NYSE:CVX) announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and its partners commenced crude oil production ahead of schedule from the Mafumeira Norte project located ...
2H Offshore Successfully Installs Two DELOS platforms for BP Angola
Monday, June 15th, 20092H Offshore, an Acteon company, has successfully installed two Deep water, Long-term Environmental Observation System (DELOS) platforms for BP off the coast of Angola in a water depth of 1400m ...
Oil News from around the web, Crude oil for July 2009 delivery dropped $0.26 to $72.42 a barrel in after-hours trading on the New York Mercantile Exchange ,Brent crude for July 2009 delivery gained $0.99, or 1.4%, to $71.79 on 11 June on London’s ICE Futures Europe exchange
Friday, June 12th, 2009The IEA raised its global estimate for daily oil demand by 120,000 barrels to 83.3 million barrels in its monthly. The increase was driven by the US and China. Consumption ...
Significant Gas Condensate Discovery in Colombia
Wednesday, June 3rd, 2009Total announces the discovery of a significant gas condensate field in the Niscota block of the Andes foothills, 300 kilometres north east of Bogota, Colombia. Total owns a 50% interest ...
Total Awards CGGVeritas Major 4D Inversion Project
Wednesday, June 3rd, 2009CGGVeritas has been awarded a major seismic reservoir characterization project by Total E&P Angola and their partners. The award is for the inversion of 4D seismic data covering the Dalia, ...
Oil News from around the web, US crude climbed 43 cents, or 0.7%, at $63.88 a barrel ; Ghana signs two agreements with China; Oberon oil discovery in ultra-deepwater block 31
Thursday, May 28th, 2009)))))))))Light, sweet crude for July delivery was recently up 43 cents, or 0.7%, at $63.88 a barrel on the New York Mercantile Exchange. Brent crude on the ICE Futures exchange ...
Oil News from around the web, hydrocarbons in Libyan waters,OPEC is worried about oversupply,RWE Dea to invest in North African countries
Thursday, April 23rd, 2009))))) Oil prices lingered below $49 a barrel Thursday in Asia as rising U.S. crude inventories and a stark demand forecast by the IMF doused investor optimism for a near-term ...
African Oil and Gas Country Briefs
Thursday, April 16th, 2009Nigeria Oil and Gas Industry The Nigerian National Petroleum Corporation (NNPC) manages the state-owned oil industry. The NNPC holds 49% in the Nigeria Liquefied Natural Gas (NLNG) Company. Foreign Company Involvement: British ...
OCEANTEAM ASA and ABB High Voltage AB transfer contracts
Wednesday, April 15th, 2009Oceanteam ASA and its subsidiaries (''Oceanteam'' or ''the Company'') have on 14 April 2009 entered into a contract transfer agreement with ABB High Voltage AB (''ABB'') on the offshore power ...
Oil News from around the web, Afren predicts 15,000 to 25,000 barrels of oil a day , Oil prices fell below $54
Saturday, March 28th, 2009-Oil prices fell below $54 a barrel in Asia Friday, retreating from a new high for the year, on concerns about the sustainability of recent gains. Benchmark crude for May ...
Oil Newsbite, 03/12, $4 687-million-U.S. dollar investment by Pemex, Nigeria to struggle in 2009
Thursday, March 12th, 2009Venezuela will propose a new oil output cut at the upcoming OPEC's meeting in Vienna, an official source said Wednesday. President of the Permanent Energy Commission of the Venezuelan National Assembly, ...
OPEC Revenues Fact Sheet
Wednesday, March 11th, 2009OPEC Oil Export Revenues Based on projections from the EIA March 2009 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $383 billion of net ...
New oil find in Angola’s block 31
Monday, March 9th, 2009StatoilHydro is a partner with 13.33 percent interest in a new oil discovery in block 31 off Angola operated by BP. This is the seventeenth discovery made in block 31. The ...
BP Makes Seventeenth Oil Discovery in the Ultra-Deep Water Block 31 Angola
Tuesday, March 3rd, 2009Sonangol, Sociedade Nacional de Combustíveis de Angola and BP Exploration (Angola) Limited today announced the Leda oil discovery in ultra-deepwater Block 31, offshore Angola. This is the seventeenth discovery made ...
Robert Dudley to Join BP Board
Thursday, February 19th, 2009The board of BP p.l.c. today announced that it has appointed Robert Dudley as a director with effect from April 6, 2009. As a managing director of the BP Group ...
OPEC Net Oil Export Revenues, EIA
Friday, February 13th, 2009Country Nominal ($B) Real (2000$B) 2008 2009 2010 Jan 2009 2008 2009 2010 Jan 2009 Algeria $70 NA NA $3 $57 NA NA $2 Angola $68 NA NA $3 $55 NA NA ...
Eni signs three agreements with Angola’s Sonangol
Tuesday, February 10th, 2009Eni has signed the first three agreements pertaining to the Memorandum of Understanding jointly signed in August 2008 with Angola's state oil company Sonangol. The MoU set out the principles ...
Schlumberger Announces Fourth-Quarter and Full-Year 2008 Results
Friday, January 23rd, 2009HOUSTON--(BUSINESS WIRE)--Jan. 23, 2009--Schlumberger Limited (NYSE:SLB) today reported 2008 revenue of $27.16 billion versus $23.28 billion in 2007. Income from continuing operations, excluding charges and credits, reached $5.49 billion, representing diluted ...
Subsea Equipment Retrofit by VetcoGray to Boost Production of Offshore Angola Oil Field
Wednesday, January 21st, 2009A subsea equipment upgrade by VetcoGray, a GE Oil & Gas business, is expected to increase production in the Lobito Tomboco oil field off the coast of Angola by 7,000-10,000 ...
Nigeria: Launch of OML 58 Upgrade Project
Thursday, October 30th, 2008Total announces that its subsidiary Total E&P Nigeria Limited (TEPNG), operator of the NNPC/TEPNG joint venture with a 40% interest, has launched the OML 58 upgrade project. Nigerian National Petroleum ...
Exxon Mobil Corporation Announces Estimated Third Quarter 2008 Results
Thursday, October 30th, 2008Exxon Mobil Corporation (NYSE:XOM): Third Quarter Nine Months 2008 2007 % 2008 2007 % Net Income $ Millions 14,830 9,410 58 37,400 28,950 29 $ Per Common Share Assuming Dilution 2.86 1.70 68 7.11 ...
