Natural Resources Authority, Canadian firm discuss oil exploration propsects in Jordan

Tuesday, March 16th, 2010

The Natural Resources Authority NRA on Tuesday said it had passed to the government a memorandum of understanding reached with a Canadian firm expressing its willingness to explore oil in ...


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 ...


Russian Gazprom seeks investment in Yemen’s gas, oil

Friday, February 26th, 2010

Russian Gazprom company is to hold talks in the coming few days with Yemeni officials on investing in oil and gas areas in the country. Russian Gazprom company project officer ...


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. ...


PFC Energy 50 Ranking of World’s Top Energy Companies

Tuesday, January 26th, 2010

Long Term Trends Reassert Themselves as Combined Value Gains 35% WASHINGTON, DC--(January 26, 2010) – The combined value of the 50 largest publicly traded energy companies increased 35% in 2009 ...


Dana Gas Egypt Achieves 20% Increase in 2009 Average Daily Production Rate

Tuesday, January 5th, 2010

Makes 9th New Gas Discovery Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced that it has successfully achieved its end of year ...


Dana Gas achieves revenue of AED 359 million in the third quarter

Thursday, November 12th, 2009

·        Quarterly revenue increases 12% compared to 3Q 2008 ·        Quarterly Gross Profit increases by 64% compared to 3Q 2008   3 Months to September 30th 2009   Dana Gas PJSC, the Middle East’s largest ...


Eni wins exploration block onshore Pakistan

Friday, October 2nd, 2009

President of Pakistan Asif Zardari met CEO Paolo Scaroni to discuss Eni's presence in the Country Eni has won, in joint venture with Pakistan Petroleum Ltd (PPL) and Royal Dutch Shell, ...


Eni enters Ghana through the acquisition of two offshore exploration blocks

Tuesday, September 29th, 2009

The new license participating interests, which will be the same for both blocks, will be Eni Ghana Exploration and Production Limited 47.22% (and operator); VUGL 37.78%; and state company Ghana ...


Oil discovery in the Ngassa-2 exploration well in Uganda

Thursday, September 17th, 2009

Tullow Oil plc (Tullow) announces that the Ngassa-2 exploration well, which is located in the Kaiso-Tonya region of Block 2, has encountered 7 metres of oil pay in a 14 ...


Oil discovery in the Venus-B1 exploration well offshore Sierra Leone

Thursday, September 17th, 2009

Anadarko Petroleum Corporation, the operator of the deepwater Venus-B1 exploration well in Sierra Leone, in which Tullow Oil plc (Tullow) is a 10% partner, today issued the following press release. HOUSTON, ...


LUNDIN PETROLEUM COMPLETES EXPLORATION WELL IN CONGO

Wednesday, September 9th, 2009

Lundin Petroleum AB (Lundin Petroleum) announces the completion of the exploration well Liyeke Marine-1. The well is located offshore in Block Marine Xl, offshore Congo (Brazzaville). The well has been plugged ...


Petrobras inform that the CEO José Sergio Gabrielli and Almir Guilherme Barbassa, CFO will be presenting, for investors and analysts, The Exploration and Production Regulatory

Wednesday, September 9th, 2009

Model on the following schedule:     New York Date:September 14, 2009 (Monday) Time:2:30 PM - 4:00 PM (New York)  Address: Grand Hyatt New York - 109 East 42nd Street Room: Manhattan Ballroom        Paris Date: September 17, 2009 ...


Chevron Announces Significant Discovery Offshore AngolaFind Demonstrates Chevron’s Ongoing Exploration Success in Prolific Block 0

Sunday, August 9th, 2009

Chevron Corporation (NYSE:CVX) announced today that its affiliate, Cabinda Gulf Oil Company Limited (CABGOC) and its partners, had made a successful discovery in Block 0 located adjacent to the Cabinda ...


Cameroon: Total Awarded New Offshore Exploration Block

Tuesday, July 21st, 2009

 Total announces that its 75.8% - owned affiliate, Total Exploration & Production Cameroon, has been awarded by the Ministry of Industry, Mining and Technological Development of Cameroon the Lungahe exploration ...


ExxonMobil Commences Drilling Libya’s First Deepwater Well

Thursday, July 16th, 2009

ExxonMobil Exploration Company announced today that its affiliate, ExxonMobil Libya Limited, has started drilling the first deepwater exploration well in Libya. The A1-20/3 well is being drilled in Contract Area ...


First Cargo From Indonesia’s Tangguh LNG Project

Monday, July 6th, 2009

BP, as operator on behalf of the Tangguh project partners, announced that the first cargo of liquefied natural gas (LNG) has today been lifted from the Tangguh LNG project in ...


Uruguay received offers for offshore exploration and production

Monday, July 6th, 2009

Despite all the international difficulties for investments in new areas for oil exploration, the oil giant PETROBRAS, YPF and GALP formed a consortium to present E&P bids for two of ...


Oil News from around the web, Crude oil for August 2009 delivery was at $68.60 a barrel, down $0.07. London Brent crude $68.25 a barrel, down $0.08

Friday, June 26th, 2009

The Federal Republic of Nigeria and the Russian Federation yesterday signed six agreements bothering on nuclear energy, transfer of prisoners, investment promotion, cooperation on legal matters, Memora-ndum of Understanding in ...


Oil News from around the web, Crude oil for July 2009 delivery rose as much as $0.82, or 1.2%, to $72.15 a barrel ,Brent crude for July 2009 delivery increased as much as $0.72, or 1%, to $71.52 on London’s ICE Futures

Thursday, June 11th, 2009

The US Energy Department said that the stockpiles of oil fell 4.38 million barrels to 361.6 million in the week ended 5 June 2009. Analysts surveyed said that supplies would ...


Aker Solutions sets up geo business in Australia

Thursday, June 4th, 2009

 Aker Solutions is expanding its subsea and subsurface service offering in Australia by establishing its geo business in the country.   The move is part of Aker Solutions' strategy to function as ...


Egypt: Total enters into an offshore exploration permit in the Nile Basin

Tuesday, May 19th, 2009

Total announces that, within the framework of the EGAS 2008 international bid round organized by the Egyptian authorities, it has been awarded a 90% participation in and the operatorship ...


Eni and Egypt’s Ministry of Petroleum announce new co-operation initiatives in the hydrocarbon sector

Wednesday, May 13th, 2009

This is another example of Eni implementing its cooperation model in countries where it operates, integrating traditional business with activities capable of satisfying the energy needs of producing countries and ...


Verenex Energy Inc. - First Quarter 2009 Operating and Financial Results

Wednesday, May 6th, 2009

Verenex Energy Inc. ("Verenex" or the "Company") (TSX - VNX) is pleased to report its unaudited interim operating and financial results for the three month period ended March 31, 2009.  ...


OMV with its first offshore oil discovery in Libya

Thursday, April 23rd, 2009

Successful exploration well in the offshore Sirte Basin A natural flow rate of up to 1,264 bbl/d was achieved during the test OMV strengthens its position in the North Africa core region OMV ...


BG Group announces a new successful well in the pre-salt, Santos Basin, Brazil

Wednesday, April 15th, 2009

BG Group today announced a new discovery in the pre-salt Santos Basin, offshore Brazil.  The well, 4-BRSA-709 (4-SPS-60), known as Iguaçu, has proven the presence of another accumulation of light oil, ...


Gazprom delegation visits Libya

Wednesday, April 15th, 2009

A Gazprom delegation, led by Alexey Miller, Chairman of the Company’s Management Committee paid today a working visit to Libya. As part of the visit Alexey Miller met with Shokri ...


Halliburton Awarded $100 Million Contract

Thursday, March 26th, 2009

Extension to Provide Multiple Services for Salym Petroleum in Russia HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) has been awarded a major contract extension by Salym Petroleum Development N.V. (SPD) for exploration and production ...


Schlumberger Introduces New Telemetry Platform

Tuesday, March 17th, 2009

New Orion II Platform Enables Measurements-While-Drilling and Logging-While-Drilling Services to Run Faster and Further AMSTERDAM, March 17, 2009 - Schlumberger today announced the release of its new Orion II* telemetry platform. ...


Addax Petroleum Secures Fifth Generation Drillship to Commence Deepwater After Exploration in 2009

Wednesday, March 11th, 2009

Deepwater exploration campaign expected to commence in the fourth quarter of 2009 Calgary, Alberta, March 11th, 2009 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC), today announces ...


Significant discovery at Tweneboa-1 exploration well offshore Ghana

Monday, March 9th, 2009

Tullow Oil plc (Tullow) announces that the Tweneboa-1 exploration well, drilled in the Deepwater Tano licence offshore Ghana, has discovered a significant highly-pressured light hydrocarbon accumulation. The well encountered 21 metres ...


Total Signs Exploration, Development and Production Sharing Agreement with SOCAR for the Absheron block in Azerbaijan

Friday, February 27th, 2009

 Total announces today that it has signed an agreement with Azerbaijan’s state-owned SOCAR. The exploration, development and production sharing agreement (EDPSA) covers a license on the Absheron offshore block. This ...


Zion Oil Applies For Petroleum Exploration Permit On 245,000 Acres Onshore Israel

Thursday, February 26th, 2009

DALLAS & CAESAREA, Israel--(BUSINESS WIRE)--Zion Oil & Gas, Inc. (NYSE Alternext US: ZN) announced today that, on February 24, 2009, Zion submitted an application to Israel's Oil Commissioner requesting the ...


Eni signs three agreements with Angola’s Sonangol

Tuesday, February 10th, 2009

Eni 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 ...


Successful Mahogany-3 appraisal and exploration well

Friday, January 9th, 2009

Tullow Oil plc (Tullow) announces that the Mahogany-3 well located in the West Cape Three Points licence offshore Ghana has intersected significant light oil columns in both the Jubilee field ...