IPIC explores new investment options

Monday, January 18th, 2010

The Board of Directors of the International Petroleum Investment Company (IPIC) has reviewed a report on the investment returns of the company up the third quarter of 2009. Chaired by ...


Heritage Oil Enters Into a Letter of Intent to Sell Its Ugandan Interests for Up to US$1.5 Billion

Tuesday, November 24th, 2009

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces ...


Eni wins exploration block onshore Pakistan

Friday, October 2nd, 2009

President of Pakistan Asif Zardari met CEO Paolo Scaroni to discuss Eni's presence in the Country Eni has won, in joint venture with Pakistan Petroleum Ltd (PPL) and Royal Dutch Shell, ...


US crude for November delivery fell $0.43 to $65.59 a barrel by 06.43GMT . The contract settled at $66.02 on Friday. London Brent crude fell $0.43 to $64.68 a barrel.

Monday, September 28th, 2009

Al-Qaida has threatened more attacks on Saudi Arabia and its royal family, who fear the jihadists regrouping in neighboring Yemen will use it as a springboard for a new campaign ...


Oil News from around the web,US crude for August delivery fell $1.58 to $65.15 a barrel by 0018 GMT. London Brent crude fell 74 cents to $64.87

Monday, July 6th, 2009

France's Total and China National Petroleum Corporation plan to bid for two large oil blocks being auctioned in Venezuela, instead of one in which they had already shown interest. The sources ...


Oil News from around the web, US light sweet crude hit $70.32 per barrel $69.21 before sliding to $68.75. London Brent was at $68.60 a barrel

Tuesday, June 9th, 2009

)))The Petroleo Brasileiro consortium, in which Petrobas holds a 65% operating stake, has confirmed the potential for 5-8 billion barrels of recoverable light oil and natural gas in the pre-salt ...


Oil News from around the web, 67.69 dollars a barrel ; Nigeria’s current potential crude oil production at three million barrels per day

Monday, June 1st, 2009

)))New York's main futures contract, light sweet crude for July delivery, struck 68.29 dollars. Brent North Sea crude for delivery in July bounced as high as 67.69 dollars a barrel )))) ...


Tullow Oil plc , Exploration drilling update - Uganda

Friday, May 29th, 2009

 Tullow Oil plc (Tullow) announces that the Awaka-1 exploration well, which is located in the Butiaba region of Uganda Block 2, has encountered water bearing reservoir sands. The well was drilled ...


Heritage Oil to Test Miran West-1 Well in the Kurdistan Region of Iraq

Wednesday, March 25th, 2009

CALGARY, ALBERTA--(Marketwire - March 25, 2009) - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Heritage Oil Limited (TSX:HOC)(LSE:HOIL), an independent ...


Eni signs Protocol for Cooperation with the Government of Pakistan

Thursday, March 19th, 2009

The agreement enables Eni to become a strategic partner in developing the oil & gas sector in Pakistan San Donato Milanese (Milan), 18 March 2009 – Eni has signed a Protocol ...


OMV announces first gas from Latif field in Pakistan

Monday, March 9th, 2009

Investments further strengthen OMV’s position in the Middle East core region E&P success contributes to Pakistan’s natural gas supply Today OMV, the leading energy group in the European growth belt, has announced ...


Successful Mahogany-3 appraisal and exploration well

Friday, January 9th, 2009

Tullow Oil plc (Tullow) announces that the Mahogany-3 well located in the West Cape Three Points licence offshore Ghana has intersected significant light oil columns in both the Jubilee field ...


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 ...


Heritage Oil - Total Voting Rights

Monday, September 8th, 2008

 CALGARY, Sept. 5 /CNW/ - Heritage Oil Limited, an independent upstream exploration and production company, notifies the market of the following voting rights in Heritage in respect of issued shares ...


AEI Expands into Pakistan, Strengthens Asian Presence

Wednesday, July 23rd, 2008

HOUSTON--(BUSINESS WIRE)--AEI announced today that it has acquired a controlling interest in DHA Cogen Limited (DCL), located in Karachi, Pakistan. Closing of the acquisition, which includes AEI’s right to hold ...


Eni makes new gas discovery in Pakistan

Tuesday, June 24th, 2008

The well was successfully tested and flowed at 25 million standard cubic feet of gas per day with 60 barrels of condensate per day San Donato Milanese (Milan), 23 June 2008 ...


Eni started production from Badhra gas field and completed the third train at Bhit gas treatment plant in Pakistan

Tuesday, April 15th, 2008

The Badhra Development and Bhit Acceleration Project increases the existing Bhit plant capacity by 17% from 270 million metric standard cubic feet per day (MMscfd) to 315 MMscfd. San Donato Milanese ...


HERITAGE OIL TO EXPAND INTO TANZANIA WITH TWO EXPLORATION LICENCES

Sunday, April 13th, 2008

Heritage Oil Limited, an independent upstream exploration and production company, announces the signing of documentation to farm-in to two exploration licences in Tanzania. The licences, known as the Kimbiji and ...


Jura Energy Corporation Announces Long Term Drilling Contract

Wednesday, March 12th, 2008

(Calgary, Alberta) Nigel McCue, President and CEO of Jura Energy Corporation (“Jura”), announces that Petroleum Exploration (Pvt) Limited, the Operator of its concessions in Pakistan, has entered into a long ...