Eni reports drop of pressure at Nigerian pipelines, production suspended

Friday, July 18th, 2008

Eni informs that last night a sudden drop of pressure has occurred at the Nigerian pipelines linking Tebidaba flowstation to Brass terminal and Ogbambiri flowstation to Tebidaba flowstation. Production has ...


BHP Billiton Starts Production From Neptune Facility In The Deepwater Gulf Of Mexico

Monday, July 7th, 2008

BHP Billiton announced today that first oil and natural gas production has commenced from the Neptune development in the deepwater Gulf of Mexico. The single-column tension leg platform (TLP) is ...


Quorum Announces Formation of SAP Production Revenue Accounting Practice

Thursday, June 26th, 2008

Schaeffer and Fitz Brought on to Lead Practice HOUSTON--(BUSINESS WIRE)--Quorum Business Solutions, Inc. (“Quorum”), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, ...


PA Resources start production at new well at the Didon Field in Tunisia

Monday, June 9th, 2008

PA Resources has completed the drilling of the production well Didon-7 on the Didon oil field offshore Tunisia. The initial pilot hole encountered the top reservoir five meters higher than ...


Eni wins a new exploration block in Indonesia

Thursday, May 29th, 2008

This new important award confirms Eni's commitment as a leading explorer of Indonesia's frontier basins. San Donato Milanese (Milan), 27 May 2008 - Following an International Licensing Round, Indonesia has awarded ...


Petrobras’ oil & gas production up 5.1% in Brazil

Sunday, May 18th, 2008

Petrobras’ average oil and natural gas production in Brazil reached 2,157,226 barrels of oil equivalent per day (boe) in April, 5.1% more than a year ago and 2% above the ...


Crosstex Energy Signs Agreement with Contango to Process Gulf of Mexico Deep-Shelf Gas Production

Wednesday, April 30th, 2008

DALLAS--(BUSINESS WIRE)--Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) today announced an agreement with Contango Operators, Inc. to process gas from Contango’s Mary Rose gas field discoveries that successfully tested deep-shelf ...


GE Compression Technology Selected to Increase Production of Depleted Gas Wells in Oman

Friday, April 25th, 2008

Contract Covers Several Projects Over Seven Years FLORENCE, ITALY - April 24, 2008 :- For more efficient extraction of gas from depleted wells in four of its gas fields, Petroleum Development ...


MART RESOURCES, INC. ANNOUNCES COMMENCEMENT OF FIRST OIL PRODUCTION FROM ITS UMUSADEGE FIELD,NIGERIA

Thursday, April 24th, 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 commencement of crude ...


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 ...


Chevron Issues Interim Update for First Quarter 2008

Thursday, April 10th, 2008

SAN RAMON, Calif., Apr 09, 2008 (BUSINESS WIRE) -- Chevron Corporation (NYSE:CVX) today reported in its interim update for the first quarter 2008 that upstream earnings are expected to benefit ...


Cummins Fuel Systems Plant in China Begins Production

Tuesday, April 8th, 2008

Wuhan Facility is First Cummins Fuel Systems Plant Outside North America WUHAN, China--(BUSINESS WIRE)--Cummins (NYSE:CMI) today announced the opening of its first fuel systems manufacturing site outside of North America, the ...


West Siberian Resources: First Quarter 2008 Exploration and Production Update

Thursday, April 3rd, 2008

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: West Siberian Resources Ltd (STO:WSIBSDB): Oil production reached a new company record of 3,161,174 barrels in the first quarter 2008. Production increased by 40% from 2,264,658 barrels in ...


SOCO International plc : Marine XI Farm-out Agreement

Tuesday, March 4th, 2008

The Company announces that its subsidiary, SOCO Exploration and Production Congo S.A. ("SOCO EPC"), has entered into a farm-out agreement wherein it has agreed to farm-out 8.5% of its interest ...


Biotechnology Will Transform Sustainable Biofuel Production, BIO Says

Tuesday, March 4th, 2008

WASHINGTON--(BUSINESS WIRE)--Biotechnology Industry Organization (BIO) Executive Vice President, Industrial & Environmental Section, Brent Erickson released the following statement from the Washington International Renewable Energy Conference 2008 (WIREC 2008): “Industrial biotechnology companies ...


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 ...


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 ...


Resumption of Gas Production offshore Turkey

Tuesday, February 12th, 2008

CALGARY and LONDON, February 11, 2008 - Stratic Energy Corporation (TSX Venture: ‘SE’,AIM ‘SE.’) (“Stratic” or the “Company”) announces that production has re-commenced from its Black Sea gas fields offshore ...


Chevron Completes Successful Big Foot Appraisal WellEvaluation of Production Development Under Way

Friday, February 1st, 2008

SAN RAMON, Calif., Jan 31, 2008 (BUSINESS WIRE) -- Chevron Corporation (NYSE:CVX) announced today the successful completion of an appraisal well at its Big Foot prospect in the deepwater Gulf ...


Rapid Production Growth & New Projects To Be 2008 Highlights For CNOOC Ltd.

Wednesday, January 30th, 2008

 (Hong Kong, January 29, 2008) - CNOOC Limited (the "Company" or “CNOOC Ltd.”; NYSE “CEO”, SEHK “883”) today announced its business strategy and development plan for year 2008.   The targeted net ...


Eni successfully completes drilling of Marulk well offshore Norway

Tuesday, January 29th, 2008

Eni estimates to recover between 80 and 120 million boe from the Marulk discovery San Donato Milanese (Milan), 29 January 2008 - Eni has successfully completed drilling of the exploration well ...


Chevron Initiates Production from Tengiz Expansion Projects

Tuesday, January 29th, 2008

New Facilities Expected to Significantly Increase Production from the Supergiant Field SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) announced today that its affiliate Tengizchevroil LLP has started up new facilities as part ...