BJ Services Reports First Fiscal Quarter Net Loss From Continuing Operations of $0.03 Per Diluted Share

Tuesday, February 9th, 2010

BJ Services Company (BJS-NYSE, CBOE, PCX) today reported that revenue in the first quarter of fiscal 2010, which ended December 31, 2009, was $931.5 million, representing a 6% increase from ...


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 ...


Libya government ready to invest in Uganda oil refinery

Friday, January 22nd, 2010

LIBYA wants to invest in an oil refinery in Uganda should the Government decide to build one. The manager of Oil Libya, which is a subsidiary of the African Investment ...


Libya government ready to invest in Uganda oil refinery

Monday, January 18th, 2010

LIBYA wants to invest in an oil refinery in Uganda should the Government decide to build one. The manager of Oil Libya, which is a subsidiary of the African Investment Portfolio ...


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 ...


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 ...


ExxonMobil Commences Drilling Libya’s First Deepwater Well

Thursday, July 16th, 2009

ExxonMobil Exploration Company announced today that its affiliate, ExxonMobil Libya Limited, has started drilling the first deepwater exploration well in Libya. The A1-20/3 well is being drilled in Contract Area ...


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, ...


KazMunayGas, ConocoPhillips and Mubadala Announce Signing of Project Agreements for Exploration and Development of N Block, Offshore Kazakhstan

Monday, June 15th, 2009

ConocoPhillips [NYSE: COP], JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the ...


Oil News from around the web, StatoilHydro ASA has located gas ; power generation facilities in Libya; world oil market is well supplied

Friday, May 29th, 2009

Tower Resources has spudded its first wildcat well, Iti-1, in northern Uganda. The well will be drilled to an estimated depth of 650 metres and should take two to three weeks ...


Occidental Petroleum and Mubadala Sign Development and Production Sharing Agreement for the Bahrain Field Development

Monday, April 27th, 2009

LOS ANGELES, April 27, 2009 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) and Mubadala Development Company (Mubadala), through its business unit Mubadala Oil & Gas, announced today that they have ...


OMV with its first offshore oil discovery in Libya

Thursday, April 23rd, 2009

Successful exploration well in the offshore Sirte Basin A natural flow rate of up to 1,264 bbl/d was achieved during the test OMV strengthens its position in the North Africa core region OMV ...


African Oil and Gas Country Briefs

Thursday, April 16th, 2009

Nigeria Oil and Gas Industry The Nigerian National Petroleum Corporation (NNPC) manages the state-owned oil industry. The NNPC holds 49% in the Nigeria Liquefied Natural Gas (NLNG) Company. Foreign Company Involvement: British ...


Oil News from around the web, Oil prices gain ground at $53, Sonatrach earned over $10 billion

Wednesday, April 15th, 2009

)))))Oil prices gain ground at $53 Oil prices rebounded on Tuesday, supported by rising stock markets, upbeat results from US bank Goldman Sachs and hopes for a pick-up in world energy ...


Gazprom delegation visits Libya

Wednesday, April 15th, 2009

A Gazprom delegation, led by Alexey Miller, Chairman of the Company’s Management Committee paid today a working visit to Libya. As part of the visit Alexey Miller met with Shokri ...


Songa Fleet Update

Friday, April 3rd, 2009

Songa Venus has achieved operating efficiency of 89% in March. The rig is operating for Shell Australia offshore North West Australia. Songa Mercur has achieved operating efficiency of 96% in ...


Oil News from around the web, Afren predicts 15,000 to 25,000 barrels of oil a day , Oil prices fell below $54

Saturday, March 28th, 2009

-Oil prices fell below $54 a barrel in Asia Friday, retreating from a new high for the year, on concerns about the sustainability of recent gains. Benchmark crude for May ...


RWE Dea records second-highest earnings in its corporate history

Tuesday, March 24th, 2009

Growth strategy being consistently implemented Good business performance in a difficult market environment Increase in investments and size of workforce “With an operating result of 494 million euros, RWE Dea recorded the second-highest ...


OPEC Revenues Fact Sheet

Wednesday, March 11th, 2009

OPEC Oil Export  Revenues   Based on projections from the EIA March 2009 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $383 billion of net ...


Total Renew EPSAs for Blocks C17 and C137 Agreement

Tuesday, February 10th, 2009

Total Signs Agreement with Libya’s NOC to Renew EPSAs for Blocks C17 and C137        Total today announces the signature of a MOU with Libya’s National Oil Corporation (NOC) converting the existing ...


Exploration & Exploitation Oil News, w/e 18/01

Wednesday, January 21st, 2009

Libya to invest in Egypt's oil refinery Libya revealed that it will invest in an oil refinery and a number of construction projects in Egypt. “The working groups between Egypt and Libya ...


Exploration & Exploitation News w/e 31/12

Monday, January 5th, 2009

Saboteurs blow up Agip oil pipeline in Delta State Saboteurs blew up an oil pipeline operated by Italy's Agip in Nigeria's southern Niger Delta late on Friday, the military said on ...


Foster Wheeler Awarded Contract for New Refinery in Libya

Thursday, October 30th, 2008

HAMILTON, Bermuda--(BUSINESS WIRE)--Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract ...


Nigeria: Launch of OML 58 Upgrade Project

Thursday, October 30th, 2008

 Total announces that its subsidiary Total E&P Nigeria Limited (TEPNG), operator of the NNPC/TEPNG joint venture with a 40% interest, has launched the OML 58 upgrade project. Nigerian National Petroleum ...


Schlumberger Announces Third-Quarter 2008 Results

Friday, October 17th, 2008

HOUSTON, October 17, 2008 - Schlumberger Limited (NYSE:SLB) today reported third-quarter revenue of $7.26 billion versus $6.75 billion in the second quarter of 2008, and $5.93 billion in the third ...


Eighth oil discovery for RWE Dea in Libya

Tuesday, October 7th, 2008

RWE Dea’s exploration success has reached a total of six discoveries in Concession NC 193. The well G1-NC 193 encountered oil in the Upper Satal Formation at a depth of ...


RWE Dea scores two more oil discoveries in Libya

Friday, September 12th, 2008

RWE Dea continues its exploration success with a sixth and seventh discovery in the Libyan Sirte Basin. Two exploration wells in the concession NC193 encountered oil bearing reservoirs. The first exploration ...


New oil discovery by RWE in Libya

Thursday, September 11th, 2008

On 10th  September  2008, NOC announced that the German Company RWE Dea – North Africa, a party to an EPSA 3 agreement concluded with NOC where  the share of NOC ...


AMEC wins five-year offshore programme management consultancy contract, Abu Dhabi

Tuesday, September 2nd, 2008

London, United Kingdom (2 September 2008) - AMEC plc, the international engineering and project management company, has been awarded a five-year programme management consultancy (PMC) contract by Zakum Development Company ...


A new discovery by Verenex Energy in Libya

Wednesday, July 30th, 2008

On 28/07/2008, NOC announced that the Canadian Company, Verenex Energy, has made a new oil discovery in the well A1-47/04 in Ghadames Basin, which is approximately 250 km south west ...


Al Ghurair Investment & ETA Ascon Star Group conclude USD 2 billion deal with NOC, Libya

Tuesday, July 15th, 2008

  DUBAI, July 14, 2008: In a landmark achievement, the Star Consortium comprising of the Al Ghurair Investments’ subsidiary TransAsia Gas International and ETA Ascon Star Group’s Star Petro Energy, ...


Gazprom’s delegation visits Libya

Thursday, July 10th, 2008

Headed by Alexey Miller, Chairman of the Gazprom Management Committee a Gazprom’s delegation visited the Socialist People's Libyan Arab Jamahiriya. Within the visit the delegation met with Shokri Mohamed Ghanem, Chairman ...


Occidental Petroleum Signs Agreements in Libya

Monday, June 23rd, 2008

LOS ANGELES, June 23, 2008 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today the signing of the full 30-year agreements with the Libyan National Oil Company (NOC) to upgrade ...


RWE Dea makes fifth Discovery in Libya

Friday, May 9th, 2008

RWE Dea continues its exploration success with a fifth discovery in the Sirte Basin. Following three oil discoveries in Concession NC193 and one in Concession NC195 since late 2006, a ...


Verenex Energy Inc. - First Quarter 2008 Operating and Financial Results

Friday, May 9th, 2008

CALGARY, May 8 /CNW/ - Verenex Energy Inc. ("Verenex" or the "Company") (TSX - VNX) is pleased to report its unaudited interim operating and financial results for the three months ended ...