Ghana; There should be agreement on how to utilize oil money-Nduom

Sunday, January 10th, 2010

The 2008 Flag Bearer of the Convention People's Party (CPP), Dr Paa Kwesi Nduom on Thursday reiterated calls for the country to strategize and agree on how the money from ...


Effects of global warming on Russian Oil and Gas

Tuesday, November 24th, 2009

Russian oil and gas companies are spending several billions to repair the damages caused by permafrost thaw due to global warming, according to a Greenpeace study. The study found the companies ...


Government to establish Oil and Gas Industrialisation Plan in Ghana

Thursday, November 19th, 2009

Dr. Kwabena Duffuor, Minister of Finance, on Wednesday said government would establish an oil industrialisation plan next year to ensure judicious application of the expected revenue from oil exploration in ...


History of the Oil and Gas / Petroleum Industry

Wednesday, October 7th, 2009

In 1911, the power of Standard Oil was such that the American congress voted the famous antitrust law aimed at breaking it up into three “bits”: Standard Oil of New ...


Oilandgaspeople announces the launch of new networking site for anyone in the Oil and Gas industry

Thursday, September 24th, 2009

Social networking is growing more popular every day, LinkedIn, Facebook, Bebo, Twitter and others, have fast became a part of our every day lives. The ability to network and connect ...


Repsol estimates Brazil’s Guara field has reserves of between 1.1 billion and 2 billion barrels of oil and gas

Sunday, September 13th, 2009

Repsol has a 25% stake in the consortium that discovered the Guara field, located offshore Sao Paulo. Initial tests by operator Petrobras estimate recoverable volumes of between 1.1 and 2 billion ...


Occidental Petroleum Announces Significant California Oil and Gas Discovery

Thursday, July 23rd, 2009

Occidental Petroleum Corporation (NYSE:OXY) announced today that it has made a significant discovery of oil and gas reserves in Kern County, California. Occidental believes there are between 150 million and 250 ...


Norwegian Sea: Production Start-up of Tyrihans Oil and Gas Field

Wednesday, July 8th, 2009

 Total announces that the Tyrihans oil and gas field in the Norwegian Sea started production. This field, in which Total owns a 23.18% interest, is the largest field to be ...


Oil News from around the web, Crude oil for August 2009 delivery was $70.77 a barrel, up $0.54. London Brent crude $70.20 a barrel, up $0.42

Friday, June 26th, 2009

Oil prices rose towards $70 a barrel yesterday following an attack on Shell’s Billie-Krakama pipeline in Rivers State by the Movement for the Emancipation of the Niger Delta (MEND). ...


Oil and Gas Executives spend an extra 11 hours a month online

Wednesday, June 3rd, 2009

A study run by online business networking service MeettheBoss.com shows that oil and gas executives are spending an extra 11 hours a month online sharing their professional experiences and learning ...


Financial Strength and Long-Term Investment Strategy Builds Value for ExxonMobil Investors

Thursday, May 28th, 2009

Millions of Shareholders Benefit from ExxonMobil’s Disciplined Approach and Consistent Performance ExxonMobil generates industry leading returns in 2008. Company completes start-ups of at 8 major projects which add 260,000 oil equivalent barrels ...


Apache Drills Three Oil and Gas Discoveries in Egypt’s Western Desert

Tuesday, May 5th, 2009

Apache Corporation (NYSE, Nasdaq: APA) today reported two new Jurassic oil and gas field discoveries in the Faghur Basin play in the extreme southwest part of Egypt's Western Desert producing ...


Queens Award for Enterprise Innovation 2009: Oil and Gas Information Management Company Flare Solutions

Tuesday, April 21st, 2009

Flare Solutions has won an internationally recognised award for its development and deployment of web based knowledge management software for oil and gas exploration and production (E&P) companies. Incorporating advanced techniques, ...


Flowserve Opens Dubai Gulf Free Zone

Thursday, March 26th, 2009

Quick Response Center to Support Middle East and Arabian Gulf Region Customers in the Oil and Gas, Petrochemical, Power, Water, Desalination, Chemical and Other Industries Capabilities Include Pump and Seal Manufacturing ...


Oilfield Directory Releases Industry Changing Communications Tool

Thursday, March 19th, 2009

Dallas, TX - Petroleum Newsfeed - After one year of testing and revision OilPALs.com has announced the release of an industry changing communications tool for participants in the Oil and ...


Occidental and Mubadala Sign Interim Agreement for Bahrain Field Development

Wednesday, March 18th, 2009

LOS ANGELES, March 16, 2009 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) and Mubadala Development Company (Mubadala), a business development and investment company based in Abu Dhabi, announced today that ...


Shoaibi Group to introduce revolutionary Rigless ESP solutions to MENA

Tuesday, March 10th, 2009

 Shoaibi Group announces its latest investment in Artificial Lift Company Al Khobar, KSA -  Leading Saudi firm, Shoaibi Group, (SG) will invest GBP 2 million (USD 2.8 million) of growth capital, ...


New energy source comes onstream at Sakhalin II

Wednesday, February 18th, 2009

Russian President Medvedev inaugurates the first LNG plant in Russia. Yuzhno-Sakhalinsk, 18 February 2009:  President Dmitry Medvedev today opened Russia's first liquefied natural gas (LNG) plant built by Sakhalin Energy Investment ...


Dubai signs US$16b pact to develop oil and gas infrastructure in Nigeria

Wednesday, January 21st, 2009

Dubai World has signed a Dh58.7 billion (US$16 billion) agreement with the government of Nigeria to develop oil and gas infrastructure in the country. Nigeria is Africa's top crude producer, ...


Cairn India makes Oil and Gas Discovery adjacent to Raageshwari Field in RJ-ON-90/1

Tuesday, December 23rd, 2008

In advance of the planned Mangala development drilling, the first exploration well in the 2008/09 exploration programme has been successful with the completion of the Raageshwari East 1/1Z well.  The ...


Oil and Gas leaders pull together to reduce the cost of Energy

Tuesday, December 16th, 2008

The current economic downturn is hurting everyone, the cost of energy is doubling as recession looms.  Questions have been asked? Was the Oil and Gas industry to blame? Accused of limiting ...


PA RESOURCES MAKES OIL DISCOVERY AT DIDON NORTH

Thursday, November 27th, 2008

PA Resources has made an oil discovery at the Didon North prospect in the Zarat permit offshore Tunisia. The exploration well Didon North-1 has encountered 14 meters of oil pay ...


LUNDIN PETROLEUM COMPLETES EXPLORATION WELL MUNY DENG-1, BLOCK 5B, SUDAN

Thursday, October 30th, 2008

Lundin Petroleum AB (Lundin Petroleum) announces that well Muny Deng-1, drilled on the Muny Deng prospect, has reached a total depth of 2,450 metres and will be plugged and abandoned ...


Heritage Oil contracts rig to drill well in the Kurdistan region of Iraq

Thursday, October 30th, 2008

 /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./      CALGARY, Oct. 30 /CNW/ - Heritage Oil Limited (LSE: HOIL), an ...


Total Signs Three Oil and Gas Agreements in Syria

Monday, September 8th, 2008

Total announced today that it signed three oil and gas agreements in Syria that will strengthen the Group’s long-term presence in the country. The first agreement renews the Deir Ez Zor ...


Industry Newsbite for w/e 28 July

Thursday, July 24th, 2008

>> Highest petrol prices in Europe In Norway, many motorists are up in arms over why they have to pay the highest petrol (gasoline) prices in Europe when the country is ...


Eni presents the eighth World Oil and Gas Review

Thursday, July 24th, 2008

These are some of the figures published by Eni on production, reserves, consumption, imports and exports of oil and natural gas Oil demand rises 1.4 %, sustained by non-OECD countries Gas consumption ...


NEW DISCOVERIES OF OIL AND GAS IN EQUATORIAL GUINEA

Tuesday, July 15th, 2008

New discoveries of oil and gas-condensate have been made during drilling operations at the Diega prospect in Block I offshore Equatorial Guinea. The oil and gas group PA Resources has ...


LAMPRELL PLC TRADING UPDATE FOR THE SIX MONTHS ENDED 30 JUNE 2008

Tuesday, July 8th, 2008

Gets US$ 29 MILLION CONTRACT AWARD Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil & gas industry based in the United Arab Emirates (“UAE”), today announces ...


Shell enters preliminary agreement with BPZ Energy Inc. to explore for oil and gas

Thursday, June 26th, 2008

Shell Exploration Company (West) B.V. (Shell) and BPZ Energy Inc. have signed a preliminary agreement to jointly explore for oil and gas in northern Peru. The agreement calls for Shell to ...


LUNDIN PETROLEUM HAS STARTED DRILLING THE MORSKAYA-1 WELL IN THE LAGANSKY BLOCK, IN THE CASPIAN SEA

Thursday, May 22nd, 2008

Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that it has started drilling the Morskaya-1 exploration well in the Lagansky block, situated in the northern Caspian Sea in Russia. ...


OMV acquires exploration license in offshore Tunisia

Friday, April 25th, 2008

80% OMV interest in the Sidi Mansour block in the Gulf of Gabes OMV with a total of five production and two exploration licenses in Tunisia Strengthened position in E&P core region ...


Osage Exploration and Development, Inc. Acquires Producing Field and Pipeline Assets

Monday, April 14th, 2008

SAN DIEGO--(BUSINESS WIRE)--Osage Exploration and Development, Inc. (OTCBB:OEDV), a Colombian focused independent oil and gas exploration and production company, is pleased to announce that it has acquired 100% of Cimarrona ...


Nigerian Activity Update , Hardy Oil and Gas plc

Monday, April 14th, 2008

Hardy Oil and Gas plc (LSE: HDY) the oil and gas exploration and production company with assets in Inida and Nigeria, announces that has executed an agreement to farm-out a ...


ExxonMobil to Assess Hydrocarbon Potential on Falcon Oil and Gas Lease in Mako Trough, Hungary

Monday, April 14th, 2008

IRVING, Texas--(BUSINESS WIRE2)--Exxon Mobil Corporation (NYSE:XOM) announced today that its affiliate Esso Exploration International Limited signed a production and development agreement with Falcon Oil and Gas Ltd. and its subsidiary, ...