Friday, March 12th, 2010
Kuwait's Supreme Petroleum Council (SPC), the country's highest oil policy body, has proposed merging state oil firms into one entity, according to a local newspaper report.
Kuwait Petroleum Corp (KPC) is ...
Thursday, March 11th, 2010
Joint Bilateral Cooperation talks between Nigeria and Namibia will hold in Windhoek later in the year.
It was learnt yesterday that this was aimed at further strengthening bilateral relations between ...
Friday, February 26th, 2010
Yemen and Pakistan discussed here on Wednesday aspects of bilateral cooperation in fields of oil, gas and minerals. Minister of Oil and Minerals Amir al-Aydarus and the Pakistani ambassador to ...
Thursday, February 25th, 2010
Nigeria on Tuesday assured Ugandan government of support and assistance in developing its oil and gas sector. Acting President Goodluck Jonathan told Mr. Peters Lokeris, the Special envoy from Ugandan ...
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 ...
Tuesday, January 26th, 2010
Minister of Oil and Minerals Amir al-Aydarus discussed here on Monday with the Indonesian President's special envoy Alawi bin Shihab aspects of cooperation between the two countries in oil, gas, ...
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 ...
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, ...
Friday, January 22nd, 2010
LIBYA wants to invest in an oil refinery in Uganda should the Government decide to build one.
The manager of Oil Libya, which is a subsidiary of the African Investment ...
Friday, January 22nd, 2010
Minister of State for Petroleum Resources Odein Ajumogobia yesterday confirmed that his office is on the verge of renewing the oil licences jointly operated by the Nigerian National Petroleum Corporation ...
Monday, January 18th, 2010
The Ministry of Oil of the Republic of Iraq, Royal Dutch Shell plc (“Shell”) and Petronas Carigali (“Petronas”) today signed a 20-year contract to provide technical assistance in the development ...
Sunday, January 10th, 2010
China has taken over from Saudi Arabia the lease of a giant crude oil storage facility in the Caribbean that gives Beijing unprecedented access to fuel and oil markets in ...
Thursday, November 5th, 2009
Iraq signed Tuesday a major oil deal with Britain's BP and China's National Petroleum Company (CNPC) to develop its Rumaila oilfield in southern Iraq.
Iraqi Oil Minister Hussein Al-Shahristani signed the ...
Thursday, November 5th, 2009
The oil price also dropped before a report from the US Labor Department, which is forecast to show that unemployment in the world’s biggest energy user rose in October.
Crude oil ...
Thursday, November 5th, 2009
Zarubezhneft has signed contracts with Cuba to search for oil along the island's northern coast.
Zarubezhneft signed a deal with state-owned Cuba Petroleos for four almost contiguous blocks - two onshore ...
Tuesday, November 3rd, 2009
China National Offshore Oil Corporation (CNOOC), is said to be discussing with the Federal Government to acquire some oil blocks, which are presently belong to the
multinational oil and gas companies. ...
Monday, November 2nd, 2009
Royal Dutch Shell will fight any possible efforts by the Nigerian government to hand control of its Nigerian fields to Chinese oil companies, the Anglo-Dutch oil major's chief financial officer ...
Wednesday, October 21st, 2009
At the same time, representatives of Eni, Calik Holding, JSC Transneft and Rosneft, the energy companies involved.
The Vice Prime Minister of the Russian Federation, Igor Ivanovich Sechin, the Russian Minister ...
Friday, October 16th, 2009
Completion of production testing (DST) of the Luno field discovery well 16/1-8
RWE Dea has, together with Lundin Petroleum (Operator) and Wintershall, successfully completed production testing of the Luno field discovery ...
Friday, October 16th, 2009
Breitling Oil and Gas Corp. plans to spud the BREITLING-STAR #1, its first well in its Hardman Basin project, in the fourth quarter of 2009.
Breitling presently owns a 25% working ...
Tuesday, October 13th, 2009
•Mills-led govt now in credibility problem
The Nigerian National Petroleum Corporation (NNPC), which is holding the Federal Government’s equity in the oil and gas industry, has failed to supply crude oil ...
Tuesday, October 6th, 2009
The U.S. Energy Information Administration (EIA) released today the first product under the Energy and Financial Markets Initiative launched in September.
“Starting this month, EIA is including a quantitative measure of ...
Thursday, October 1st, 2009
Crude oil for November 2009 delivery declined as much as $0.72, or 1%, to $69.89 a barrel in electronic trading on the New York Mercantile Exchange on 30 September, Bloomberg ...
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 ...
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. ...
Monday, March 9th, 2009
Facility to Support Power Generation, Industrial and Petrochemical Customer Needs in Russia and the CIS Region
Building on a commitment to provide enhanced levels of service and support to customers in ...
Monday, March 9th, 2009
StatoilHydro is a partner with 13.33 percent interest in a new oil discovery in block 31 off Angola operated by BP. This is the seventeenth discovery made in block 31.
The ...
Tuesday, March 3rd, 2009
BP last year added 1.7 billion barrels of new oil and gas to its reserves base, a replacement ratio of 121 per cent, excluding acquisitions and divestments - the 15th ...
Tuesday, March 3rd, 2009
Sonangol, Sociedade Nacional de Combustíveis de Angola and BP Exploration (Angola) Limited today announced the Leda oil discovery in ultra-deepwater Block 31, offshore Angola. This is the seventeenth discovery made ...
Friday, February 13th, 2009
Oman began pumping natural gas from the West Bukha offshore field off the Musandam Peninsula, with forecasts of 40 million cubic feet per day by 2010.
The Ras al-Khaimah Gas Commission ...
Monday, December 15th, 2008
Accra, Dec. 15, GNA - Ghana is seeking to extend her coastal line in order to explore opportunities for more oil resources and other economic gains.
About eight billion barrels of ...
Thursday, November 27th, 2008
The operator Petrobras has today confirmed to the National Petroleum Agency in Brazil (ANP) indications of oil in the Lua Nova well in the Jequitinhonha Basin, where StatoilHydro has a ...
Wednesday, October 29th, 2008
The Board of Royal Dutch Shell plc today announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial ...
Wednesday, August 20th, 2008
During the meeting, the possible extension of Eni's activities in Congo, aiming at the enhancement of the Country's energy reserves and the monetisation of the offshore associated gas through power ...
Tuesday, August 12th, 2008
Oil has been discovered in the South Tor Pod exploration well in Denmark, where Noreco owns a 6.56% share.
The South Tor Pod well discovered oil bearing chalks. The discovery is ...
