Inaugural Nexus Annual General Meeting and Board Meeting

Thursday, July 17th, 2008

Lagos, Nigeria -(Oilandgaspress) - Nexus Alliance Limited (Nexus), a  training, manpower supply and technology services company for the Oil, Gas and Petrochemical industry announced that at the premier AGM and Board ...


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 ...


Det Norske Oljeselskap ASA: More Oil Discovered in Varg

Thursday, June 26th, 2008

Regulatory News: Talisman Energy Norge has found between 0.6 million and 1.6 million barrels of recoverable oil in the Lilleulv prospect in Production License 038. Det norske has a five percent interest ...


Bullion Monarch Mining, Extraction of Oil from Oil Shale

Friday, June 20th, 2008

Bullion Monarch Mining Has Begun Construction on a Demonstration Plant for the Extraction of Oil from Oil Shale OREM, Utah--(BUSINESS WIRE)--Bullion Monarch Mining, Inc. (OTCBB: BULM) (www.bullionmm.com), a natural resource company ...


Oil News Highlights June 13

Friday, June 13th, 2008

>>The chairman of oil major BP rejected as "apocalyptic" a prediction by the head of Russian gas giant Gazprom of oil prices soaring to $250 a barrel by the end ...


Neste Oil launches unique renewable diesel commercially in Finland

Monday, May 12th, 2008

Neste Green diesel suitable for all diesel engines, contains at least 10% renewable fuel A pioneer in the renewable fuel business, Neste Oil, has commercially launched a unique renewable diesel, the ...


Nigerian National Petroleum Corporation Oil and Gas Assets Report Now Available

Wednesday, April 23rd, 2008

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c89634) has announced the addition of Nigerian National Petroleum Corporation Oil and Gas Assets Report to their offering. This report is an essential source for company ...


Azerbaijan International Operating Company (AIOC) announces the start-up of oil production from the Deep Water Gunashli (DWG) platform

Wednesday, April 23rd, 2008

The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the Deep Water Gunashli (DWG) platform complex as scheduled. Start-up of the DWG complex ...


SMT’s KINGDOM Flex Grid Helps Vanco Energy Find the Next Super Giant Oil Field

Thursday, April 17th, 2008

Pioneering Exploration Company Improves Ability to Prospect for Oil Utilizing New SMT Capabilities HOUSTON--(BUSINESS WIRE)--SMT, the market leader for PC-based geoscientific interpretation software, announced today that its newly released Flex Grid ...


Futuretec Raises VC Funding for Breakthrough Oil Technology

Wednesday, April 2nd, 2008

Well construction specialist secures £4m to fund global growth ABERDEEN, Scotland--(BUSINESS WIRE)--Futuretec, whose innovative technology delivers major benefits in the construction of oil and gas wells, has secured venture capital funding ...


EnCore Oil plc , Drilling Operations on Cobra Gas Appraisal Well

Tuesday, March 25th, 2008

Commencement of Drilling Operations on Cobra Gas Appraisal Well   EnCore Oil plc (LSE: EO.) is pleased to announce that drilling operations on the Cobra appraisal well on Southern North Sea block ...


“Oil as the New Gold”: CERA Comments on the New Fundamentals of Oil and Record High Prices

Tuesday, March 18th, 2008

Global Financial Dynamics and New Cost Structures, More Than Demand and Supply, Are Driving Momentum behind Record High Oil Prices. Will a Spreading Recession Reverse Oil's Rise? CAMBRIDGE, Mass.--(BUSINESS WIRE)--“The new ...


Addax Petroleum Announces Successful Oil Appraisal Offshore Nigeria

Tuesday, March 11th, 2008

Successful appraisal at OML123 expands Kita Marine area Calgary, Alberta, March 11th, 2008 – Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX:AXC and LSE:AXC) announced today the successful appraisal of ...


HERITAGE OIL COMPLETES MALI FARM-IN DOCUMENTATION

Tuesday, March 4th, 2008

HERITAGE OIL COMPLETES MALI FARM-IN DOCUMENTATION ON TWO EXPLORATION LICENCES AND EXPECTS TO SPUD KINGFISHER-2 WELL IN UGANDA IN Q2 Calgary, Alberta, March 3, 2008 – Heritage Oil Corporation (TSX: HOC) ...


Eni signs Strategic Agreements in the Bolivarian Republic of Venezuela’s Orinoco oil belt

Monday, March 3rd, 2008

The Orinoco belt is the world's largest deposit of heavy oil with original oil in place equal to 1,300 billion barrels (current oil production is approximately 600,000 barrels per day). Eni ...


INEXS™ Studies an Epsilon Energy Ltd. Oil Concession in the Republic of Yemen

Wednesday, February 27th, 2008

HOUSTON--(BUSINESS WIRE)--Epsilon Energy Ltd. (Epsilon) recently commissioned Interactive Exploration Solutions, Inc. (INEXS™), a relational geological and geophysical interpretation consulting company, to study a 1.4-million acre oil concession in the Republic ...


First Reserve Corporation to Acquire CHC Helicopter Corporation For Canadian $3.7 Billion in Largest-Ever Oilfield Services Buyout

Monday, February 25th, 2008

Partnership to Help Strengthen CHC’s Growth Mission as Largest Helicopter Services Company   Greenwich, Conn.; Houston; London and Vancouver -- February 22, 2008 -- CHC Helicopter Corporation (“CHC”) (TSX: FLY.A and FLY.B ...


Noreco - Brage well tested more than 17 000 barrels per day

Monday, February 25th, 2008

Stavanger, 25 February, 2008: Norwegian Energy Company ASA (Noreco, OSE:NOR), The operator StatoilHydro has successfully completed a well on the North flank of the Brage field in Norway. The well ...


GreenShift Strikes Oil at Western New York Energy

Monday, February 25th, 2008

NEW YORK--(BUSINESS WIRE)--GreenShift Corporation (OTC Bulletin Board: GERS) today announced that it has begun to produce crude corn oil at its 1.5 million gallon per year corn oil extraction facility ...


Oando acquires two Nigerian oil mining leases from Shell for USD$625 million

Monday, February 25th, 2008

 25th February 2008  Oando PLC has acquired Shell Nigeria Exploration and Production’s 49.8% stake in two oil Blocks, namely OML 125 and OML 134. The two deepwater blocks offshore Nigeria were ...


NIGERIA: MART RESOURCES UPDATE ON FIRST OIL PRODUCTION

Monday, February 25th, 2008

February 25, 2008 Mart Resources, Inc. (TSX-V: MMT) and its partners Midwestern Oil and Gas Company PLC (“Midwestern”, Operator) and Suntrust Oil Company Nigeria Limited are pleased to announce the following update ...


Kosmos Energy Makes Second Oil Discovery Offshore Ghana

Monday, February 25th, 2008

Successful Odum-1 Exploration Well Confirms Significant New Regional Oil Province DALLAS--(BUSINESS WIRE)--Kosmos Energy announces today that the company has made a second significant oil discovery offshore the Republic of Ghana on ...


Mobil 1 Selected as Factory and Service Fill Motor Oil for New Nissan GT-R Multi-Performance Supercar

Friday, February 22nd, 2008

FAIRFAX, Va.--(BUSINESS WIRE)--ExxonMobil today announced that Mobil 1 has been selected as the factory fill motor oil for the Nissan GT-R, the newly launched high performance vehicle featuring an all-new ...


Chevron Supports Point Thomson Plan of Development

Friday, February 22nd, 2008

ANCHORAGE, Alaska--(BUSINESS WIRE)--Chevron U.S.A. Inc., through its Chevron North America Exploration and Production Company division, announced today that it fully supports the Plan of Development (POD) submitted by ExxonMobil to ...


Qatargas - Second wellhead platform topsides installed

Wednesday, February 20th, 2008

Doha, Qatar, February 20th:   Qatargas recently achieved another major project milestone with the installation of the second of three new wellhead platform topsides in the North Field, 80 kilometres offshore ...