Saudi Arabia announced plans to develop the supergiant Manifa oil field

Monday, March 15th, 2010

Saudi Arabia announced plans to develop the supergiant Manifa oil field, its largest offshore oil development ever, officials said. The Manifa oil field in the waters of the Persian Gulf holds ...


Management of GNPC still in talks with Kosmos - Asafu-Adjaye

Thursday, March 11th, 2010

The management of Ghana National Petroleum Corporation (GNPC) is still in discussion with management of Kosmos Energy over the purchase of its stake in the Jubilee oil field, GNPC Managing ...


Sirius eyes oil assets worth $500 million

Thursday, February 18th, 2010

Oil and gas explorer Sirius Petroleum (SRSP.L: Quote) said it is working on a deal that could give it the opportunity to acquire oil and gas assets worth at least ...


New oil field discovered in Dubai

Thursday, February 4th, 2010

A new oil field off the coast of Dubai has recently been discovered, reported local Arabic media. The discovery is a first in many years as the emirate's dependency on ...


PDVSA and Eni sign agreement to develop Junin 5 giant heavy oil field in Venezuela

Saturday, January 30th, 2010

Joint development of Junin 5 which has 35 billion barrels of certified oil in place. First oil expected in 2013. PDVSA and Eni to jointly develop hydrogenation technology to maximise ...


Eni starts production from Thunder Hawk oil field

Thursday, July 9th, 2009

In the USA, Eni owns lease interests in 378 blocks in the Gulf of Mexico and is among the leading producers with a daily net production capacity in excess of ...


GE Oil & Gas Selected By BP to Conduct Two Foinaven Oil Field Engineering Studies

Tuesday, June 16th, 2009

GE Oil & Gas, a world leading company in oil and gas advanced technology equipment and services, today announced that it has been selected by BP to conduct two initial ...


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 ...


Weatherford Agrees to Acquire TNK-BP Oil Field Services

Monday, June 1st, 2009

TNK-BP and Weatherford International Ltd. today announced that Weatherford has agreed to acquire TNK-BP’s Oil Field Services (OFS) enterprises in exchange for 24.3 million shares of Weatherford common stock and ...


DANA DISCOVERS THIRD OIL FIELD IN RINNES AREA

Tuesday, February 24th, 2009

Dana Petroleum is delighted to announce the discovery of a new oil field, with its well at the South East Rinnes structure in Block 210/24a in the UK Northern North ...


Subsea Equipment Retrofit by VetcoGray to Boost Production of Offshore Angola Oil Field

Wednesday, January 21st, 2009

A subsea equipment upgrade by VetcoGray, a GE Oil & Gas business, is expected to increase production in the Lobito Tomboco oil field off the coast of Angola by 7,000-10,000 ...


China’s Bohai Bay Peng Lai 19-3 Offshore Oil Field

Tuesday, January 13th, 2009

Fluor Aids Successful Startup of China's Bohai Bay Peng Lai 19-3 Offshore Oil Field Global E&C Firm Provides Engineering, Procurement and Construction Support IRVING, Texas--(BUSINESS WIRE)--Jan. 13, 2009--Fluor Corporation (NYSE: FLR) announced ...


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 ...


Oil News Highlights June 19

Friday, June 20th, 2008

>>Nigerian militants responsible for the bombing of oil pipelines and the kidnapping of foreign workers in the Niger Delta said on Tuesday they would not take part in a peace ...


Eni starts production from the Oooguruk oil field in Alaska

Tuesday, June 10th, 2008

The estimated gross recoverable reserves are approximately 90 million barrels of oil. Peak production of approximately 20,000 barrels of oil per day is expected in 2011 San Donato Milanese (Milan), 10 ...