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Oil & Gas Companies News

Total signs an agreement with Libyan National Oil Corporation to renew NC115 and NC186 contracts
Libya >> 7/17/2008 - Total confirms that an agreement has been signed for Repsol operated blocks NC115 and NC186 with Libya's National Oil Corporation (NOC) in the Murzuq basin, onshore Libya, some 700 kilometres south of...
Addax Awarded Additional Interest in Deep Water Exploration License in Joint Development Zone
Nigeria >> 7/16/2008 - Addax Petroleum Corporation announced that it has been awarded an additional 7.2 percent participating interest in Block 4 of the Nigeria/Sao Tome and Principe Joint Development Zone (“JDZ”) by an ind...
EPNL Changes Its Name to TEPNG
Nigeria >> 7/14/2008 - The company has announced the formal change of its name from Elf Petroleum Nigeria Limited (EPNL) to Total E&P Nigeria Limited (TEPNG) with immediate effect. This follows an approval by the Federal Go...
Egyptian – Syrian Joint Talks in Oil and Gas Domains
Egypt >> 7/6/2008 - On 6/7/2008, Eng. Sameh Fahmi, Minister of Petroleum, and Eng. Sufian Al-Alaw, Syrian Minister of Petroleum and Mineral Resources, discussed, in Cairo, joint projects in oil and gas domains. They also...
Saudi Aramco and Sinopec Signed MOU
Saudi Arabia >> 7/2/2008 - Saudi Aramco and China Petrochemical Corporation (Sinopec Group) met in Dhahran to sign a Memorandum of Understanding (MOU) in a mutual effort to deepen the existing cooperation between the two compan...
Transmeridian Exploration Adds New Areas in Russia
Russia >> 7/2/2008 - Transmeridian Exploration Incorporated announced that it has strengthened its position in Russia's Dagestan region with its acquisition of both a second field and an undrilled anticline in trend with ...
Korean National Oil Company Assigned 20% Interest in Sangaw North Block
Iraq >> 6/25/2008 - Sterling noted today’s announcement by the Kurdistan Regional Government of Iraq (“KRG”) that the Korean National Oil Company (“KNOC”) has been nominated by the KRG to receive the Third Party Interest...
Occidental Petroleum Signs Agreements in Libya
Libya >> 6/23/2008 - Occidental Petroleum Corporation announced the signing of the full 30-year agreements with the Libyan National Oil Company (NOC) to upgrade its existing petroleum contracts. Occidental Petroleum Chair...
Grenland Group signs contract with CNOOC
China >> 6/11/2008 - Grenland Group signed a contract with China National Offshore Oil Corporation (CNOOC) that initially involves an evaluation of prolonged production at Liuhua 11-1. "This is the first contract Grenland...
Lundin Petroleum to Enter Block 9, Kenya
Kenya >> 6/3/2008 - Lundin Kenya announced that it has executed an agreement with CNOOC Africa to acquire an interest in Block 9, Kenya. Lundin Petroleum will acquire, subject to approval by the Kenyan Ministry of Energy...
Lundin Petroleum Signs New Production Sharing Contract in Indonesia
Indonesia >> 5/27/2008 - Lundin Petroleum AB signed a new production sharing contract (PSC) for the Rangkas Block with Bpmigas, the Indonesian oil and gas regulating authority in Jakarta on May 27, 2008. The Rangkas Block is ...
Beach Petroleum Acquires Interest in South East July Concession
Egypt >> 5/22/2008 - Beach Petroleum reported that it has entered into an agreement with Santos Egypt Pty Ltd under which, subject to waiver of pre-emptive rights by the Egyptian General Petroleum Corporation and the appr...
White Nile Acquires Nigerian Oil Projects
Nigeria >> 5/19/2008 - White Nile Ltd has agreed to acquire PA Energy Africa Limited ('PAEA'), a private oil company which operates in Nigeria, for a consideration of US$1.839 million in cash and 3,132,688 new ordinary shar...
Mart Resources Announces Resolution of Qua Ibo Field Dispute
Nigeria >> 5/15/2008 - Mart Resources and its partner Network Exploration & Production Company Nigeria Limited announced that they have amicably resolved their dispute over Mart’s contractual rights in the Qua Ibo field, on...
The Linde Group acquires a majority interest in the industrial gases company SIGAS (Saudi Arabia)
Saudi Arabia >> 5/13/2008 - The Linde Group has acquired 51 percent of the shares in the family-owned industrial gases company SIGAS (Saudi Industrial Gas Co. ltd.). Terms of the transaction were not disclosed. Closing of the ac...
Total acquires interests in three offshore licenses in the North West Shelf
Australia >> 5/13/2008 - Total announced the acquisition in the latest Australian bidding round of a 50% participation in two offshore permits in the Vulcan basin, in partnership with Apache (operator, 50%), and of one permit...
CITGO Refineries Recognized with Seven NPRA Awards
Venezuela >> 5/9/2008 - CITGO Petroleum Corporation refineries were recognized by the National Petrochemical and Refiners Association (NPRA) with seven awards for their safe operations during 2007. The awards were presented ...
Mogul Signs Agreement on EWA Concession
Egypt >> 4/29/2008 - Mogul Energy International announced that it closed an Agreement of Purchase and Sale with Egypt Oil Holdings, Sea Dragon Energy, and Dover Investments Limited, and a related Share Exchange Agreement....
Eni signs Memorandum of Understanding with Qatar Petroleum
Qatar >> 4/20/2008 - Eni signed a Memorandum of Understanding with Qatar Petroleum International (QPI), a wholly owned subsidiary of Qatar Petroleum (QP), to seek joint investment opportunities in international projects i...
Cooperation between Gazprom and NOC in Libya
Libya >> 4/15/2008 - On 15th April 2008, a meeting was held at NOC headquarters between Dr. Shokri Ghanem, NOC Chairman and Mr. Boris Ivanov, CEO of Gazprom Netherlands B.V. and also attended by executives and specialists...

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