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 ...


AP PLC AND ZENON PETROLEUM AND GAS TO MERGE

Wednesday, February 20th, 2008

The biggest company in the downstream sector of the Nigerian oil and gas sector is set to emerge when the proposed merger of Zenon Petroleum and Gas and African Petroleum ...


Eni 2008-2011 Strategic Plan and Targets

Friday, February 15th, 2008

Main targets: Production growth: 4.5% CAGR to 2011, raised from previous 4% CAGR target to 2010 Reserve replacement ratio: >100% in the 2008-2011 period Strengthen European gas market leadership Efficiency target ...


NYMEX to Launch Four New Brent Crude Oil Options Contracts on NYMEX ClearPort® and the NYMEX Trading Floor

Wednesday, February 13th, 2008

NEW YORK, Feb. 12 /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), today announced that it will launch four new Brent ...


New Maersk Oil Exploration Licences in Norway

Tuesday, February 12th, 2008

Maersk Oil in Norway has been preliminarily awarded 2 new exploration licences – PL472 (Blocks 6406/2 & 6406/3) and PL474 (Blocks 6406/1 & 6406/2) - see map. Wintershall is operator in ...


Rowan to Resume Ultra Deep Gas Drilling Programs in Gulf of Mexico

Tuesday, February 12th, 2008

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into a multi-well contract with McMoRan Oil & Gas Corporation LLC that includes re-entering the Blackbeard Prospect. The Gorilla IV ...


February Symposium: World Oil Peak - Out of Gas

Tuesday, February 12th, 2008

--(BUSINESS WIRE)--GIVE:    Who:   Dr. David L. Goodstein, Professor of Physics and Applied Physics at the California Institute of Technology, will discuss the current oil crisis and the harmful repercussions that will occur ...


Nigeria’s Oando Acquires Two Swamp Rigs for Niger Delta Ops

Monday, February 11th, 2008

7th February 2008 OANDO ACQUIRES TWO SWAMP RIGS FOR N11.7 BILLION Oando Energy Services, a leading integrated oilfield services company that provides products and services to major upstream companies operating in Nigeria ...


WOODSIDE AGREES TO BUY SHELL NWS OIL ASSETS

Monday, February 11th, 2008

Monday, 11 February 2008 Woodside has signed a Sales and Purchase Agreement (SPA) with Shell Development Australia Pty Ltd to acquire its North West Shelf oil interests for US$398.5 million, effective ...


West Siberian Resources: West Siberian’s Proven Oil Reserves Increased by 48%

Thursday, February 7th, 2008

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: In 2007, West Siberian Resources Ltd (STO:WSIBSDB) successful exploration and development program added net proven and probable oil reserves of 64.8 million barrels. The net proven oil ...


Total Signs Two Heavy Oil Study Agreements with PDVSA in Venezuela

Monday, February 4th, 2008

Feb. 04, 08     Total announces the signature of two joint study agreements with PDVSA concerning the Junin 10 block in the Orinoco Belt in Venezuela. Signed by Christophe de Margerie, Chief Executive ...


RWE Dea awarded new concession in Libya

Monday, February 4th, 2008

German RWE Dea has been awarded concession 58 in the Cyrenaica plateau in the latest licencing round in Libya. The agreement for the new con-cession was signed at the headquarters ...


BP Makes Fifteenth Oil Discovery in the Ultra-Deep Water Block 31 Angola

Friday, February 1st, 2008

Commenting on the discovery, Andy Inglis, chief executive of BP Exploration and Production said: "Portia strengthens our track record of exploration success in Block 31. It will make a material ...


Neste Oil re-selected for the Global 100 list

Thursday, January 31st, 2008

Neste Oil Corporation  Press release  31 January 2008 Finnish oil refiner Neste Oil has been re-selected for the Global 100, a list of the world’s 100 most responsible companies, based on an analysis ...


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) ...


Egyptian Farm-In

Wednesday, January 30th, 2008

29 January 2008:   Circle Oil plc (AIM: COP), the oil and gas exploration and development group, is today pleased to announce that Circle Oil Egypt Ltd (COEL), its wholly owned subsidiary, ...


Zion Oil & Gas Commences Field Acquisition in Asher-Menashe Seismic Survey

Thursday, December 27th, 2007

CAESAREA, Israel--(BUSINESS WIRE)--Zion Oil & Gas, Inc. (AMEX:ZN) of Dallas, Texas and Caesarea, Israel, announced today that, on December 24, it commenced the field acquisition stage of its previously announced ...