Shell Explains Divestment in 3 Oil Blocks

Thursday, February 11th, 2010

Shell Restates commitment to Nigerian operations Oil giant Shell has said its recent divestment in the three oil blocks in the Niger Delta - Oil Mining Lease (OMLs) 4, ...


Shell and Cosan sign MOU to form joint venture in Brazil

Monday, February 1st, 2010

Shell International Petroleum Company Limited (Shell) and Cosan S.A. (Cosan) announced today they have signed a non-binding memorandum of understanding (MoU), with the intention to form a circa $12 billion ...


Oil News from around the web, Nigeria’s fortunes;Azerbaijan and Turkey;Stanlow facility;Australian oil and gas block

Tuesday, August 18th, 2009

The price of oil fell to its lowest in more than two weeks because of decreased demand and growing stockpiles in the US to ensure sufficient supplies during the North ...


Shoaibi Group, GMS in Off Shore Services Joint Venture

Monday, July 27th, 2009

Shoaibi Group and Gulf Marine Services form Joint Venture to provide offshore barge operation services in Saudi Arabia A new joint venture between Saudi Arabia’s Shoaibi Group (SG) and the UAE’s ...


Oil News from around the web, Crude oil for August 2009 delivery fell 50 cents to $59.39 a barrel ;London Brent fell 40 cents to $60.12; Nigeria militants claim attack on Lagos oil depot

Monday, July 13th, 2009

TNK-BP closed the necessary transactions to take near-complete control over the shares in the Lisichansk refinery, a top producing refinery in Ukraine. The refinery, located near the eastern border in Ukraine, ...


Chinese Government Approves Sinopec Corp.’s Joint Venture Project with SABIC

Monday, July 13th, 2009

China Petroleum & Chemical Corporation(Sinopec Corp.) announced that it has received an official approval from Chinese National Development and Reform Commission(NDRC) on July 7 to construct jointly with Saudi Basic ...


United Arab Emirates : Gasco Joint Venture - Total signs a 20-year extension of its participation

Wednesday, April 1st, 2009

Total announces that it has signed agreements for a 20-year extension of its 15% participation in Abu Dhabi Gas Industries Limited Company ("Gasco"), alongside the Abu Dhabi National Oil ...


BP and AAR Sign Deal To Align Interests and Boost Value of Russian Joint Venture

Monday, January 12th, 2009

BP announced today that the deal agreed in principle last September to revise the shareholder agreement with its Russian partners in TNK-BP has now been finalised, paving the way for ...


National Oilwell Varco and Schlumberger Form Intelligent Drill Pipe Joint Venture

Wednesday, November 19th, 2008

National Oilwell Varco and Schlumberger Enter Into Agreement to Form Intelligent Drill Pipe Joint Venture Will Establish Independent Joint Venture Focused on Advanced Wired Drillpipe Technology HOUSTON, November 19, 2008 - ...


Aker Solutions Letter of Intent - AGIP KCO Provision of Front End Engineering and Design Services (FEED)

Tuesday, October 21st, 2008

 Phase II for the Kashagan Full Field Development - Kazakhstan Aker Solutions in Joint Venture with WorleyParsons and CB&I has received a Letter of Intent for the Kashagan Full Field Development ...


Shell has formally signed a joint venture with South Oil Co.

Tuesday, September 23rd, 2008

Royal Dutch Shell has formally signed a joint gas venture with an Iraqi state-owned company estimated to be worth four billion dollars, a top government oil official said on Tuesday. ...


Technip, Chiyoda and Fluor announce their Australian joint venture

Wednesday, May 21st, 2008

TECHNIP CHIYODA FLUOR JOINT VENTURE AWARDED TWO CONTRACTS BY WOODSIDE IN AUSTRALIA  Paris, May 21, 2008 Technip, Chiyoda and Fluor announced that their Australian joint venture, known as TCF, has been awarded ...


PetroSA Joint Venture Wins International Technology Award

Thursday, May 15th, 2008

PetroSA burst onto the world stage on Tuesday when it and two European partners were awarded a global prize for a major technology breakthrough in converting gas to fuels. PetroSA, Statoil ...


Transeuro Signs Joint Venture Agreement

Thursday, April 3rd, 2008

VANCOUVER, British Columbia--(BUSINESS WIRE)--Transeuro Energy Corp. (“Transeuro”, or the “Company”) announces it has entered into a Joint Venture Agreement (“JVA”) with RAG Rohöl-Aufsuchungs Aktiengesellschaft (“RAG”) to develop Transeuro’s existing Ukrainian ...


Integra Group and Smith International, Inc. announce joint venture arrangement

Monday, March 24th, 2008

Moscow (March 20, 2008) - Integra Group (LSE:INTE) and Smith International, Inc. (NYSE: SII) announced today that they have agreed to form a 50/50 joint venture to supply a wide ...


MRPL and SHELL inks Aviation Joint Venture pact – JV effective 1st March 2008

Friday, February 8th, 2008

Mangalore Refinery and Petrochemicals Limited (MRPL), a Miniratna company and an ONGC group company, today signed the Joint Venture Shareholders agreement with Shell. The JV Company would be ...