KNOC approaches the Nigerian government

Friday, November 13th, 2009

Korea National Oil Corp. (KNOC)approached the Nigerian government about an out-of-court settlement in a dispute over the cancellation of its oil-exploration rights in the country, the government said. The offer was made ...


US crude for November delivery was up $0.18 at $66.05 a barrel by 3am EDT, London Brent crude gained $0.29 to $65.44

Friday, September 25th, 2009

Pan-African bank Ecobank will arrange a syndicated $300 million facility to refinance the debts of Ghana's Tema Oil Refinery (TOR), an Ecobank official said on Monday. The facility will cover ...


Oil News from around the web,Korean National Oil Company (KNOC) is accused of defrauding the Nigerian government

Sunday, August 30th, 2009

ERHC Energy Inc. (OTCBB: ERHC), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, recently publicized  ...


Oil News from around the web, US crude rose $1.28 cents to $71.90 by 1122 GMT after falling below $70 earlier in the day. London Brent crude rose $1.37 to $71.61

Tuesday, June 16th, 2009

The Chinese National Petroleum Corp. announced plans to begin drilling operations at the Azadegan oil field in Iran, one of the largest in the world. CNPC said it signed a $2 ...


Oil News from around the web, $44 and $52 per barrel, Iraq is seeking to increase its crude exports

Sunday, April 19th, 2009

))))India’s state-owned firm ONGC’s overseas arm, ONGC Videsh Ltd. (OVL), could find itself back in the running for Nigerian blocks OPL 321 and 323. The company had lost out in ...


Oil News from around the web

Monday, April 13th, 2009

))))))) Oil prices rose above $53 a barrel Monday in Asia as investors looked to U.S. corporate earnings reports this week for signs of economic recovery that could sustain crude's ...


Daily Oil Newsbite, UAE petroleum, Korea National Oil Corp Iraq project

Tuesday, February 3rd, 2009

State-run Korea National Oil Corp (KNOC) said on Tuesday that it has started an oil exploration project in Iraq on its own, after failing to attract consortium members for the ...