Dana Gas sponsors inaugural Middle East Prospect Exhibition (MEPEX) in Bahrain

Wednesday, March 10th, 2010

Al Arbeed: “We are committed to promote and develop the energy sector of the region and support events such as MEPEX” Dana Gas, the Middle East's first and largest regional ...


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 Profits Slide

Monday, January 25th, 2010

Oil services company Schlumberger has reported a net income of $795m for the fourth quarter of 2009, down from $1.15bn during the same period in 2008. Fourth-quarter revenue stood at $5.74bn, ...


Strong China Growth

Friday, January 22nd, 2010

Oil prices today rose above $78 a barrel following strong Chinese growth data that counterbalanced the World Bank's bleak outlook for the global economy. For the new March delivery front-month contract, ...


OMV has first exploration success as operator on the UK Atlantic Margin

Tuesday, November 3rd, 2009

Successful exploration well “Tornado” discovers hydrocarbons OMV’s first operated exploration well in deepwater West of Shetlands Continuing commitment to the UK oil & gas sector OMV, the strongest energy group in the European ...


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 ...


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, U.S. light crude for July delivery rose 84 cents to $70.85 a barrel. London Brent crude gained 55 cents to $70.17

Wednesday, June 10th, 2009

)))Abu Dhabi official crude selling price down 52.06% The official selling price of Abu Dhabi's crude oil grades averaged US$59.49 a barrel in May, down 52.06 per cent from an average ...


Chevron Awarded Exploration Rights in the Norwegian Sea

Friday, May 1st, 2009

Chevron Europe, Eurasia and Middle East, an affiliate of Chevron Corporation, today announced that it has successfully bid for the exploration rights in nine blocks awarded in the 20th Norwegian ...


Oil News from around the web, $50 per barrel is too low for continued investment;Nigeria-Europe gas pipeline sparks fresh interest

Thursday, April 30th, 2009

))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment. The 12 member ...


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 ...


Steve Cassiani to Retire as President of ExxonMobil Upstream Research Company

Thursday, April 23rd, 2009

IRVING, Texas--(BUSINESS WIRE)--Mr. S. M. (Steve) Cassiani, president, ExxonMobil Upstream Research Company, has elected to retire on May 31, 2009, after more than 40 years of service. It is anticipated that ...


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 ...


New gas strike in Algeria by RWE Dea

Thursday, April 2nd, 2009

RWE Dea made yet another gas find in the Ahnet Basin in the Algerian Sahara. For RWE Dea, it has already been the third successful strike in Algeria in 2009. ...


Occidental Replaces 210 Percent of 2008 Production

Wednesday, March 18th, 2009

LOS ANGELES, Feb. 13, 2009 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that at year-end 2008, the company's preliminary worldwide proved reserves, on a consolidated basis, totaled 2.98 ...


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 ...


TransGlobe Energy Corporation Provides Operational Update and Guidance for 2009

Wednesday, January 21st, 2009

CALGARY, ALBERTA--(Marketwire - Jan. 20, 2009) - TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL) (NASDAQ:TGA) is pleased to provide an update on its operations and production guidance for 2009. OPERATIONS ...


Overview of Global Petroleum

Wednesday, January 14th, 2009

OPEC Oil Export Revenues  Based on projections from the EIA January 2009 Short Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $387 billion ...


Alfa Laval wins SEK 70 million power order from the Middle East

Friday, November 21st, 2008

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for crude oil treatment at Rabigh gas turbine power plant in ...


LUKOIL RETAINS ITS RANK IN PLATTS ‘TOP 250 ENERGY COMPANIES’ LIST

Thursday, October 23rd, 2008

LUKOIL ranked 8th among European,Middle East and African companies and 11th among global companies in the American energy agency Platts 2008 ‘Top 250 Energy Companies’ List. All companies were ranked by ...


Chiyoda Awarded EPC Competition Contract for ExxonMobil’s Papua New Guinea LNG Plant

Friday, October 17th, 2008

YOKOHAMA, Japan--(BUSINESS WIRE)--Chiyoda Corporation (TOKYO:6366)(ISIN:JP3528600004) announced the award of an EPC Competition Contract for participation in an EPC design competition of the LNG Plant and associated facilities for an ExxonMobil-operated ...


Zion Oil & Gas and Aladdin Middle East Agree to Defer Signing Drilling Contract by One Month

Friday, August 1st, 2008

CAESAREA, Israel--(BUSINESS WIRE)--Zion Oil & Gas, Inc. (Amex: ZN) of Dallas, Texas and Caesarea, Israel announced today that Aladdin Middle East ("AME") and Zion have amended their June 18 protocol ...


Air Liquide: Middle East: US$200 Million Investments Coming to Fruition

Thursday, July 31st, 2008

 Regulatory News: Middle Eastern countries have double digit rates of GDP growth, leading to growth in the industrial gas market exceeding +20% per year. Industrial markets in the zone, such as ...


EOC’s 9M FY08 Net Profit Swells 267%

Thursday, July 10th, 2008

EOC Limited: EOC’s 9M FY08 Net Profit Swells 267% amid Robust Offshore Construction and Pipe Laying Activity Topline balloons 6 fold as Group’s new heavy lift accommodation pipelay vessel, Lewek Champion, ...


Oil News from the Middle East

Monday, July 7th, 2008

ADNOC announces retrospective crude prices for June 2008 According to Emirates News Agency, WAM, The Abu Dhabi National Oil Company (ADNOC) yesterday announced the retrospective prices for June 2008 for Abu ...


Transocean GSF Rig 127 Drills Deepest Extended-Reach Well

Wednesday, May 21st, 2008

HOUSTON, May 21, 2008 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today announced that the Transocean jackup GSF Rig 127 set a world record for the longest extended-reach well ever drilled ...


GE Compression Technology Selected to Increase Production of Depleted Gas Wells in Oman

Friday, April 25th, 2008

Contract Covers Several Projects Over Seven Years FLORENCE, ITALY - April 24, 2008 :- For more efficient extraction of gas from depleted wells in four of its gas fields, Petroleum Development ...


Coda 3D Sonar Product to be Deployed in Middle East for Underwater Construction

Wednesday, April 16th, 2008

NEW YORK--(BUSINESS WIRE)--Coda Octopus Group, Inc. (OTCBB: CDOC), designer, developer and manufacturer of the unique, patented 3D real time sonar, the Coda Echoscope™, and other underwater technologies, today announced an ...


Alfa Laval Wins SEK 50 Million Refinery Order in the Middle East

Thursday, March 13th, 2008

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: Alfa Laval (STO:ALFA) – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for the unique Alfa Laval Packinox plate ...


Global Industries Awarded Two Middle East Contracts Totaling $35 Million

Thursday, March 13th, 2008

CARLYSS, LOUISIANA (March 11, 2008) – Global Industries, Ltd. (Nasdaq: GLBL) today announced that two of its subsidiaries have received contract awards worth a total of approximately $35 million. One ...


Alfa Laval Receives SEK 100 Million Power Order from the Middle East

Friday, February 29th, 2008

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: Alfa Laval (STO:ALFA) – a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for crude oil treatment at a ...