Nigeria, Oil Majors in Race to Seal Deals

Tuesday, November 24th, 2009

International Oil Companies (IOCs) operating in Nigeria are scrambling to renew their oil licences ahead of the passage of the Petroleum Industry Bill, (PIB) that could boost tax and royalty ...


GE Oil & Gas ICL Compression Technology Selected for Expansion of Storengy’s Underground Natural Gas Storage Facilities in France

Wednesday, September 16th, 2009

Contract brings total to 13x GE Oil & Gas ICL units sold since introduction in 2007 Florence, Italy – September 15, 2009– GE Oil & Gas has today announced that it ...


Oil News from around the web,US crude for August delivery fell $1.58 to $65.15 a barrel by 0018 GMT. London Brent crude fell 74 cents to $64.87

Monday, July 6th, 2009

France's Total and China National Petroleum Corporation plan to bid for two large oil blocks being auctioned in Venezuela, instead of one in which they had already shown interest. The sources ...


Total Plans to Invest More Than 1 Billion Euros in France

Tuesday, March 10th, 2009

Total Plans to Invest More Than 1 Billion Euros in France to Adapt and Consolidate Its Refining and Petrochemicals Operations and Pursue Its Growth in Solar Energy     In a challenging economic ...


Total and GDF SUEZ are considering a new investment in France in the solar industry

Tuesday, March 10th, 2009

Total and GDF SUEZ announce that they are considering together locating a silicium wafers fabrication plant intended for the photovoltaic industry on the De Vernejoul industrial site in the Moselle ...


Oil News, w/e 02/03, Oil Services Firms Flee Nigeria, Singapore refinery units shut for 6 wks

Monday, March 2nd, 2009

The price of OPEC basket of twelve crudes stood at 43.30 dollars a barrel on Friday, compared with $42.95 the previous day, according to OPEC Secretariat calculations. Oil Services Firms Flee ...


Eni successfully launched fixed rate Bond

Friday, January 23rd, 2009

The bond has a 7 year maturity and pays a fixed annual coupon of 5.00%. The reoffer price is 99.337%.  Rome, 22 January 2009 - Eni successfully launched today a fixed ...


LUNDIN PETROLEUM COMPLETES WELL IN PAYS DU SAULNOIS IN FRANCE

Thursday, October 30th, 2008

Lundin Petroleum AB ("Lundin Petroleum") announces that the exploration well Vaxy-1 in Pays du Saulnois in the eastern part of France has been successfully completed. Studies are ongoing to define ...


Eni completes its acquisition of Suez’s majority shareholding in Distrigas

Thursday, October 30th, 2008

The acquisition of Distrigas holds a solid strategic rationale as it is part of Eni's objective of strengthening its leadership in the European gas sector San Donato Milanese (Mi), 30 October, ...