Russian Gazprom seeks investment in Yemen’s gas, oil

Friday, February 26th, 2010

Russian Gazprom company is to hold talks in the coming few days with Yemeni officials on investing in oil and gas areas in the country. Russian Gazprom company project officer ...


PFC Energy 50 Ranking of World’s Top Energy Companies

Tuesday, January 26th, 2010

Long Term Trends Reassert Themselves as Combined Value Gains 35% WASHINGTON, DC--(January 26, 2010) – The combined value of the 50 largest publicly traded energy companies increased 35% in 2009 ...


Uganda Ramps up Oil Production

Thursday, January 7th, 2010

Uganda's oil discoveries in three blocks are expected to generate 100,000 barrels of oil per day for the next 25 years, the country's Energy Ministry said. The Energy Ministry's principal geophysicist ...


CGGVeritas Deploys SeisMovie Monitoring Solution for Heavy Oil Production

Monday, November 2nd, 2009

CGGVeritas has announced the successful completion of the acquisition phase of a first continuous land 3D SeisMovie™ project conducted for Shell Canada in the Peace River region, Alberta, Canada. The ...


S crude for November delivery fell $0.63 to $68.34 a barrel , London Brent crude fell $0.55 to $67.44 a barrel. Angola state-owned company Sonangol will buy Marathon Oil’s 20%

Thursday, September 24th, 2009

Angola state-owned company Sonangol will buy Marathon Oil's 20% stake in Angola's Block 32, valued at $1.3bn, Sonangol has announced. The agreement comes after the sale was blocked to two Chinese ...


CGGVeritas Oman Crew Set Safety Milestone and Production Record

Friday, September 18th, 2009

CGGVeritas announced today that Ardiseis, its regional joint venture with TAQA in Oman and the wider Middle East region, achieved a double milestone with its Oman land acquisition crew who ...


Oil news from the web

Thursday, September 10th, 2009

National Petroleum Corp. issued a written letter to Calgary-based Verenex Energy Inc. terminating a February acquisition agreement. Verenex had agreed to the takeover bid by CNPC, which involves Libyan leases. CNPC ...


Petrobras inform that the CEO José Sergio Gabrielli and Almir Guilherme Barbassa, CFO will be presenting, for investors and analysts, The Exploration and Production Regulatory

Wednesday, September 9th, 2009

Model on the following schedule:     New York Date:September 14, 2009 (Monday) Time:2:30 PM - 4:00 PM (New York)  Address: Grand Hyatt New York - 109 East 42nd Street Room: Manhattan Ballroom        Paris Date: September 17, 2009 ...


Petrobras: New exploration and production regulatory model

Thursday, September 3rd, 2009

Petróleo Brasileiro S.A. – Petrobras informs that the President of Brazil submitted to Congress the new proposed legislation for the oil and gas industry. The proposals are based on studies ...


Uruguay received offers for offshore exploration and production

Monday, July 6th, 2009

Despite all the international difficulties for investments in new areas for oil exploration, the oil giant PETROBRAS, YPF and GALP formed a consortium to present E&P bids for two of ...


Oil News from around the web, Crude oil for August 2009 delivery was at $68.60 a barrel, down $0.07. London Brent crude $68.25 a barrel, down $0.08

Friday, June 26th, 2009

The Federal Republic of Nigeria and the Russian Federation yesterday signed six agreements bothering on nuclear energy, transfer of prisoners, investment promotion, cooperation on legal matters, Memora-ndum of Understanding in ...


Addax Petroleum Announces C$52.80 Per Share Cash Offer By Sinopec International Petroleum Exploration And Production Corporation

Wednesday, June 24th, 2009

Addax Petroleum Corporation (“Addax Petroleum” or the “Corporation”) (TSX: AXC and LSE: AXC) announced today that it has entered into a definitive agreement (the “Support Agreement”) with Sinopec International Petroleum ...


GE Oil & Gas Affiliate Signs Global Frame Agreement to Supply Equipment and Services to Petronas and its Production Sharing Contractors

Tuesday, June 16th, 2009

GE Oil & Gas through affiliate Nuovo Pignone S.p.A has signed a global frame agreement with PETRONAS, Malaysia’s state-owned oil company, for the supply of a range of gas turbines ...


GE /ABB Consortium wins contract with Abu Dhabi Company for Onshore Oil Operations (ADCO)

Friday, May 29th, 2009

Orders for technology and services worth more than $80 million Abu Dhabi, UAE; May 28, 2009– GE Oil & Gas, a world leader in oil and gas advanced technology equipment and ...


Heritage Oil chairman’s statement

Thursday, April 30th, 2009

I am pleased to report that 2008 was another year of very strong progress for Heritage both operationally and in terms of positioning the Company for steady near- and long-term ...


BG Group announces a new successful well in the pre-salt, Santos Basin, Brazil

Wednesday, April 15th, 2009

BG Group today announced a new discovery in the pre-salt Santos Basin, offshore Brazil.  The well, 4-BRSA-709 (4-SPS-60), known as Iguaçu, has proven the presence of another accumulation of light oil, ...


PETROBRAS, Financial Market Report

Monday, March 9th, 2009

PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces: .Fourth Quarter Results and the Fiscal Year 2008 - Financial Market Report ...


Total Signs Exploration, Development and Production Sharing Agreement with SOCAR for the Absheron block in Azerbaijan

Friday, February 27th, 2009

 Total announces today that it has signed an agreement with Azerbaijan’s state-owned SOCAR. The exploration, development and production sharing agreement (EDPSA) covers a license on the Absheron offshore block. This ...


Addax Petroleum Announces Another Year of Successful Production and Reserves Growth in 2008

Wednesday, February 4th, 2009

Calgary, Alberta, February 4th, 2009 – 20 per cent increase in Proved plus Probable oil reserves to 536.7 MMbbl 23 per cent increase in unrisked prospective oil resources to 2,772 MMbbl 17 per ...


Greg Hill Named President of Worldwide Exploration and Production

Wednesday, January 7th, 2009

NEW YORK, Jan 07, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that Greg Hill has been named President, Worldwide Exploration and Production. Hill will also be an ...


BP, Thunder Horse Production successfully started

Friday, December 19th, 2008

BP today announced that it has successfully started production from the third and fourth wells at the Thunder Horse field with production now in excess of 200,000 barrels of oil ...


ONGC & IOC ink MoU for wider cooperation in Oil exploration, production and marketing

Monday, December 15th, 2008

Oil and Natural Gas Corporation Ltd. (ONGC) and Indian Oil Corporation Ltd. (IOC) have signed a Memorandum of Understanding (MoU) at New Delhi on 10th December 2008 for mutual cooperation ...


Dana Gas increases operated gas production by over 50 per cent

Tuesday, November 4th, 2008

Project commencement and new discoveries creating solid platform for further growth Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has today announced that its aggressive growth ...


LUNDIN PETROLEUM COMPLETES EXPLORATION WELL MUNY DENG-1, BLOCK 5B, SUDAN

Thursday, October 30th, 2008

Lundin Petroleum AB (Lundin Petroleum) announces that well Muny Deng-1, drilled on the Muny Deng prospect, has reached a total depth of 2,450 metres and will be plugged and abandoned ...


Exxon Mobil Corporation Announces Estimated Third Quarter 2008 Results

Thursday, October 30th, 2008

Exxon Mobil Corporation (NYSE:XOM):                                                               Third Quarter         Nine Months                                                                    2008     2007   %   2008     2007      %  Net Income              $ Millions                                                14,830   9,410   58   37,400   28,950   29  $ Per Common Share              Assuming Dilution                                     2.86     1.70      68   7.11       ...


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 ...


Fact Sheet: Committed to Cleaner, More Abundant Domestic Energy

Wednesday, July 30th, 2008

President Bush and His Administration Are Working to Advance Energy on All Fronts and Call on Congress to Take Action EUCLID, Ohio--(BUSINESS WIRE)-- Today, President Bush toured the Lincoln Electric Company in ...


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 ...