Ghana Blocks Exxon $4bn Deal

Tuesday, February 9th, 2010

The government of Ghana has blocked the estimated $4bn sale of a stake in its Jubilee oil field, foiling months of talks between potential buyer Exxon Mobil Corp and the ...


Aker Solutions with lowest bid for subsea frame agreement

Thursday, January 28th, 2010

Aker Solutions is the lowest bidder for a four-year frame agreement to supply 61 subsea trees to Brazilian national oil company Petrobras. This has been announced at a public bid ...


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 ...


National Oilwell Varco and Schlumberger Form IntelliServ Joint Venture

Tuesday, September 29th, 2009

Independent Joint Venture to Provide High-Speed Drill String Telemetry   National Oilwell Varco (NYSE: NOV) and Schlumberger Limited (NYSE: SLB) announced today the creation of a joint venture to provide high-speed drill ...


Oil News from around the web,US crude for August delivery fell $1.58 to $65.15 a barrel by 0018 GMT. London Brent crude fell 74 cents to $64.87

Monday, July 6th, 2009

France's Total and China National Petroleum Corporation plan to bid for two large oil blocks being auctioned in Venezuela, instead of one in which they had already shown interest. The sources ...


Oil News from around the web, OPEC says $50 a barrel, acceptable, New Discovery in Gabon

Friday, April 3rd, 2009

Organisation of Petroleum Exporting Countries (OPEC) yesterday stated that the current prices of crude oil, which is around $50 a barrel, can be acceptable given the current economic environment. ...


ExxonMobil Chemical Announces National Distributor for United States and Canada for the Films Business Unit

Monday, November 10th, 2008

ROCHESTER, N.Y.--(BUSINESS WIRE)--The Films business of ExxonMobil Chemical has announced today the launch of national distributors for its affiliates' oriented polypropylene (OPP) film products in the United States and Canada: ...


Washington and National Oil Marketers Associations Decry Energy Speculators

Friday, August 22nd, 2008

Pushing Oil Prices Up 5.4 Percent in a Day to $121.18 a Barrel Energy Supplies Are Up and Demand Is Down, Yet Speculators Continue to Profit at the Expense of American ...


ExxonMobil Response to Recent Statements by Democratic National Committee

Monday, August 11th, 2008

Energy is vital to the U.S. and the global economy and touches nearly every aspect of daily life. The issues surrounding America’s energy future deserve to be debated openly and honestly ...


Petro-Canada and Libyan National Oil Corporation Sign New EPSA Contracts

Friday, June 27th, 2008

LONDON, ENGLAND--(Marketwire - June 19, 2008) - Petro-Canada announced today that it has signed six new exploration and production sharing agreements (EPSAs) with the Libyan National Oil Corporation (NOC). The ...


CNPC and Nippon Oil Corporation in talks on refinery joint venture

Thursday, May 8th, 2008

On May 7, China National Petroleum Corporation and Japan's Nippon Oil Corporation signed a letter of intent in Tokyo in considering to create a refinery joint venture, which is capable ...


TAQA records remarkable profit growth in Q1

Thursday, May 1st, 2008

The Abu Dhabi National Energy Company TAQA yesterday reported financial results for the first quarter 2008. Since first quarter 2007 TAQA has made a number of acquisitions which have been fully ...


Mandatory offer by Eni UK Holding plc (”Eni Holding”) for 20% of Hindustan Oil Exploration Limited (”HOEC”)

Thursday, April 24th, 2008

Earlier this year, Eni Holding completed its acquisition of Burren Energy plc and thereby indirectly purchased a 27.17% interest in HOEC, an Indian oil & gas company listed on the ...


Mobil 1 Advanced Fuel Economy Motor Oil Offers Fuel Savings and Reduced Greenhouse Gas Emissions

Friday, April 4th, 2008

Mobil 1 Advanced Fuel Economy Motor Oil Offers Fuel Savings and Reduced Greenhouse Gas Emissions Could Help Reduce US Gasoline Consumption IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced the national launch of ...


Sale of interest in M’Boundi to the Korea National Oil Company

Thursday, January 31st, 2008

31 January 2008 – Tullow Oil plc (Tullow) announces the sale of its 11% interest in the onshore M'Boundi field in Congo (Brazzaville) to the Korea National Oil Company (KNOC) ...


Research and Markets: Nigerian National Petroleum Corporation Strategic Analysis Profile Available Now

Wednesday, January 30th, 2008

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c81156) has announced the addition of “Nigerian National Petroleum Corporation Strategic Analysis Profile” to their offering. This profile is an essential source for data, analysis and ...