Test in the Tupi area proves high productivity

Thursday, November 19th, 2009

 PETROBRAS, announces that the two formation tests for well 4-RJS-647 (4-BRSA-711-RJS), located in the Tupi Assessment Area, in ultra-deep Santos Basin waters and informally known as Iracema, have been completed ...


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, 2009

Oil 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 ...


BG Group alliance with EXCO Resources, Inc. to develop US shale gas

Wednesday, July 1st, 2009

BG Group today announced an alliance with EXCO Resources, Inc. (NYSE:XCO), a US oil and natural gas exploration and production company. Key points Upstream BG Group acquires a 50% interest in 120 000 ...


BG Group signs LNG agreement with CNOOC

Thursday, May 14th, 2009

BG Group today announced that it had signed a liquefied natural gas (LNG) Project Development Agreement with one of China's leading integrated energy companies, China National Offshore Oil Corporation and ...


Oil News from around the web, PetroChina posted a 36.2% fall in first-quarter earnings ; BP reported a 62% fall in first-quarter net profit

Tuesday, April 28th, 2009

)))))Oil prices fell below $49 on Tuesday, extending Monday's losses as declines on global stock markets heightened expectations of a further drop in demand for oil products. US oil futures fell ...


Oil News from around the web, Oil prices gain ground at $53, Sonatrach earned over $10 billion

Wednesday, April 15th, 2009

)))))Oil prices gain ground at $53 Oil prices rebounded on Tuesday, supported by rising stock markets, upbeat results from US bank Goldman Sachs and hopes for a pick-up in world energy ...


Asset Exchange Strengthens BP Position In Southern North Sea

Wednesday, December 3rd, 2008

BP and BG Group have agreed to exchange a package of North Sea assets which is intended to strengthen BP's position as a major operator in the Southern North Sea ...


BG Group Interim Strategy Update

Tuesday, November 4th, 2008

Excellent exploration and appraisal results with success in eight countries so far in 2008 BG Group estimates its net share of reserves and resources in Brazil at over 3 billion boe(i) BG ...


BG Group and KazMunayGas announce signing of downstream co-operation agreement

Friday, October 10th, 2008

BG Group plc ("BG Group" - LSE: BG.L) and the Kazakh national oil and gas company, JSC National Company KazMunayGas ("NC KMG"), today announced the signing of an agreement to ...


BG Group offer for Origin Energy lapses

Monday, September 29th, 2008

Further to its announcement on 9 September 2008, BG Group notes that its offer to acquire all of the issued shares in Origin Energy Limited has now lapsed, as expected, ...


BG Group announces Board retirement

Monday, September 22nd, 2008

BG Group has today announced that Sir John Coles, a non-executive director, will be standing down from the Board with effect from 30 September 2008. BG Group Chairman, Sir Robert Wilson ...


Petrobras maintains position on the Dow Jones Sustainability Index

Monday, September 8th, 2008

(Rio de Janeiro September 4, 2008). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that for the third ...


BG Group announces material new discovery in Santos Basin, offshore Brazil

Tuesday, August 12th, 2008

BG Group today announced a material new oil discovery in the pre-salt Santos Basin, offshore Brazil. The exploration well, known as Iara, discovered 30 degrees API light crude oil within ...


BG Group lodges Bidder’s Statement setting out offer to acquire Origin Energy

Friday, July 11th, 2008

BG Group today announced the lodging of a Bidder's Statement with the Australian Securities and Investments Commission setting out details of the A$15.50 per share all-cash offer to acquire all ...


BG Group Proposal to Acquire Origin Energy

Thursday, May 1st, 2008

BG Group plc ("BG Group"), a global integrated gas major, has approached Origin Energy Limited ("Origin"), Australia’s largest integrated energy company, with a proposal to acquire all of the shares ...