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Oil News from around the web, Crude oil for August 2009 delivery fell as much as $0.63, or 0.9%, to $66.10 a barrel on the New York Mercantile Exchange. Brent crude oil for August 2009 settlement dropped as much as $0.79, or 1.2%, to $65.86 a barrel on London’s ICE Futures Europe exchange

Friday, July 3rd, 2009

Kosmos Energy, a privately-held oil company with a stake in Ghana’s newly-discovered oil reserves, has been the subject of interest from China and India’s ONGC. Now Shell is rumoured to ...

TGS Begins 2D Regional Multi-Client Project Offshore Benin

Sunday, April 19th, 2009

TGS-NOPEC Geophysical Company (TGS) has commenced acquisition on a new 3,500-kilometer multi-client 2D seismic survey in offshore Benin. The Benin 2D program is an extension of the 10,000 kilometers of TGS ...

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 ...

EIA Nigeria Oil Data Analysis and Statistics

Wednesday, March 11th, 2009

Nigeria is the largest oil producer in Africa, the eleventh largest producer of crude oil in the world and a member of the Organization of Petroleum Exporting Countries (OPEC). In ...

ERHC Energy Inc. takes legal action to protect its rights

Tuesday, November 4th, 2008

Suit seeks to stop tampering with ERHC’s rights in Joint Development Zone Blocks 5 and 6 ABUJA, NIGERIA, November 3, 2008 – ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American ...