Nigeria, Namibia hold talks on oil, gas

Thursday, March 11th, 2010

Joint Bilateral Cooperation talks between Nigeria and Namibia will hold in Windhoek later in the year. It was learnt yesterday that this was aimed at further strengthening bilateral relations between ...


Dana Gas announces two gas discoveries in Egypt

Tuesday, March 9th, 2010

Estimated 35-70 billion cubic feet of gas reserves added and a new gas field brought on stream ahead of schedule Dana Gas PJSC, the Middle East's first and largest regional ...


Gas will reinforce 2010 economy in Yemen: CBY governor

Friday, February 26th, 2010

The target economic growth in 2010 in Yemen will be supported by the developments in gas and non-oil sectors, Central Bank Governor Ahmad al-Samawi said Wednesday. Al-Samawi added that the ...


Nigeria to help in developing Uganda’s oil, gas

Thursday, February 25th, 2010

Nigeria on Tuesday assured Ugandan government of support and assistance in developing its oil and gas sector. Acting President Goodluck Jonathan told Mr. Peters Lokeris, the Special envoy from Ugandan ...


Eni presents a proposal to the European Commission for remedies related to its international gas pipelines

Tuesday, February 9th, 2010

With prior agreement from its partners, Eni has committed to dispose of its interests in both the German Tenp gas pipeline and in Switzerland's Transitgas pipeline. Eni has formally presented to ...


Iran, Bahrain discuss gas terms

Thursday, February 4th, 2010

A delegation of oil and gas ministers from Bahrain arrived in Tehran for a fifth round of negotiations on importing gas from Iran, the semiofficial Fars News Agency reports. Talks in ...


LNG to be transported to Boston soon by Yemen

Thursday, February 4th, 2010

It is expected that the first shipment of Yemen Liquefied Natural Gas (LNG) is to be transported to the USA soon, the weekly 26 September said Thursday. The shipment will ...


Yemen, Indonesia talk cooperation in oil, gas areas

Tuesday, January 26th, 2010

Minister of Oil and Minerals Amir al-Aydarus discussed here on Monday with the Indonesian President's special envoy Alawi bin Shihab aspects of cooperation between the two countries in oil, gas, ...


Schlumberger Announces Fourth-Quarter and Full-Year 2009 Results

Monday, January 25th, 2010

Schlumberger 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 ...


Chevron and Nippon Oil Corporation Sign Gorgon Natural Gas Agreement

Friday, January 22nd, 2010

Agreement Builds on Series of Recent Agreements for Natural Gas Delivery to Customers in Asia Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiaries and Nippon Oil Corporation have ...


West African Gas Pipeline (WAGP) project

Wednesday, November 11th, 2009

PIPELINE vandals may have stalled the West African Gas Pipeline (WAGP) project, which was conceived to supply natural gas from Nigeria to Togo, Benin and Ghana, among other countries in ...


Chevron Announces Natural Gas Find in Australia Discovery in highly prospective Gorgon area supports company’s long-term plans for natural gas development

Monday, October 19th, 2009

Chevron Corporation (NYSE:CVX) today announced an additional natural gas discovery in the Greater Gorgon area’s Carnarvon Basin, Australia’s premier offshore hydrocarbon zone. The Achilles-1 exploration well, located approximately 100 miles (160 ...


New discoveries from ‘Faraskur-1’ and ‘Marzouk-2’ wells

Tuesday, October 13th, 2009

Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced two more significant gas discoveries – ‘Faraskur-1’ and ‘Marzouk-2’ – in one of its ...


Total to Develop the Timimoun Gas Project in Algeria

Wednesday, October 7th, 2009

Total (37.75%), Sonatrach (51%) and Cepsa (11.25%) today announce that the Algerian National Oil and Gas Development Agency (ALNAFT) has approved the development plan for the Timimoun natural gas project, ...


EIA Measures Price Uncertainty in Oil and Natural Gas Markets

Tuesday, October 6th, 2009

The U.S. Energy Information Administration (EIA) released today the first product under the Energy and Financial Markets Initiative launched in September. “Starting this month, EIA is including a quantitative measure of ...


Tema Oil Refinery to take delivery of 1.5 million barrels of crude oil from Nigeria.

Wednesday, September 30th, 2009

 The Tema Oil Refinery (TOR) would, by the end of next week, take delivery of the first consignment of 1.5 million barrels of crude oil from Nigeria. Dr Kwame Ampofo, Acting ...


Eni starts up production in the Blacktip gas field, offshore Australia

Tuesday, September 15th, 2009

The Field, which is 100% owned and operated by Eni, will deliver gas to the Northern Territory's Power Water Corporation (PWC) for over a period of 25 years, with supply ...


Oil News from around the web, University of Ghana introduces Masters Degree in Petroleum; Opec is expected to keep production quotas at existing levels

Monday, September 7th, 2009

Opec is expected to keep production quotas at existing levels at its meeting in Vienna on Wednesday, Iranian Opec representatives have indicated. Apart from Saudi Arabia, Iraq, Qatar, Libya, Iran and ...


Chevron Commences Operations on Next Generation Ultra-Deepwater DrillshipDiscoverer Clear Leader Designed to Drill Wells to a Total Depth of 40,000 Feet

Tuesday, August 18th, 2009

Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that the Discoverer Clear Leader, an ultra-deepwater drillship newly built to Chevron’s specifications, has begun work ...


Occidental Petroleum Announces Significant California Oil and Gas Discovery

Thursday, July 23rd, 2009

Occidental Petroleum Corporation (NYSE:OXY) announced today that it has made a significant discovery of oil and gas reserves in Kern County, California. Occidental believes there are between 150 million and 250 ...


Wintershall makes oil and gas discovery in first operated well in Norway

Wednesday, July 8th, 2009

Kassel / Stavanger. Wintershall Holding AG is pleased to announce a discovery at the Grosbeak prospect in production licence 378 in the Norwegian North Sea. The well proved both oil and ...


CGGVeritas Records First Data on the Shale Gas Tri-Parish 3D Multi-Client Survey in Haynesville

Tuesday, July 7th, 2009

CGGVeritas announced today that it has begun acquiring the Tri-Parish Line 3D multi-client survey in northern Louisiana. The 677-square mile wide-azimuth survey is the largest contiguous Haynesville shale survey to date. ...


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 ...


Petrofac awarded gas compression project worth more than US$350 million

Monday, July 6th, 2009

Petrofac, the international oil & gas facilities service provider, has been awarded a contract worth more than US$350 million for the Kauther gas-field depletion-compression project. The contract was awarded on ...


Oil News from around the web, Brent crude for July 2009 delivery dropped as much as 51¢, or 0.7%, to $70.41 a barrel on London’s ICE Futures Europe exchange;Crude oil for July 2009 delivery fell as much as 64¢, or 0.9%, to $71.40 a barrel

Monday, June 15th, 2009

Over the weekend the Movement for the Emancipation of the Niger Delta (MEND) said that it had attacked more than one facility belonging to US major Chevron in the Niger ...


Oil News from around the web, US crude climbed $1.57 to $61.67 a barrel ; Ghana signs two agreements with China; Mills calls for commitment to West African Gas Pipeline project

Wednesday, May 20th, 2009

)))))))))Benchmark crude for July delivery climbed $1.57 to $61.67 a barrel on the New York Mercantile Exchange. In London, Brent prices rose $1.06 to $59.98 a barrel on the ICE ...


Gazprom and Royal Dutch Shell announce the signing of LNG and natural gas contracts

Friday, April 10th, 2009

Alexey Miller, Chairman of OAO Gazprom's Management committee, and Jeroen Van der Veer, Chief Executive Officer of Royal Dutch Shell, met today at Gazprom Headquarters in Moscow. During the meeting ...


Gazprom and Gas Natural sign Memorandum of Understanding

Wednesday, March 4th, 2009

OAO Gazprom Management Committee Chairman Alexey Miller and the Chairman of Gas Natural Salvador Gabarrу signed a Memorandum of Understanding today in Madrid as part of a state visit of ...


Dana Gas discovers 100 billion cubic feet of gas in Egypt

Monday, February 23rd, 2009

New discovery from ‘Azhar-1’ well fifth in a row for the company Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced another significant gas ...


Robert Dudley to Join BP Board

Thursday, February 19th, 2009

The 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 ...


Russian gas deliveries towards Ukraine initiated

Wednesday, January 21st, 2009

Today at 5.50 Moscow time Gazprom sent the first request to the NAK Naftogaz Ukrainy United Dispatching Center (ODU) for the transit of 99.2 million cubic meters of gas a ...


Russians ready to deliver gas across Ukraine

Friday, January 16th, 2009

Jeroen van der Veer: Russian side is ready to deliver gas across Ukraine Gazprom’s Headquarters has hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and ...


Oando seeks more upstream oil acquisitions

Thursday, January 15th, 2009

Nigeria's top fuel retailer and gas distributor Oando Plc plans more acquisitions to grow its upstream business and produce 100,000 barrels per day of crude oil by 2013, its chief ...


Shell acquires gas emissions treating specialists Cansolv Technologies Inc.

Tuesday, December 2nd, 2008

Shell Global Solutions International B.V. today acquired 100% of the shares of Cansolv Technologies Inc. (Cansolv), a provider of technologies designed to counter air pollution. Cansolv offers technology for the control ...


Eni completes acquisition of a large majority stake in the UK off-shore Hewett Unit and the Bacton onshore gas processing terminal to develop storage facilities

Monday, December 1st, 2008

San Donato Milanese (Milan), 1 December 2008 –Eni completed its acquisition of a 51.69% equity interest in the Hewett Unit fields in the UK North Sea and related infrastructure, including ...