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Oil & Gas Companies News

Petrel Resources Renewed Agreements with Iraqi Government
Iraq >> 2/20/2008 - Petrel reported that the Iraqi Ministry of Oil has approved extension of the technical cooperation agreement with Petrel for another year.The Company expects to meet shortly with the relevant Ministry...
Gazprom delegation visits Iran
Iran >> 2/19/2008 - Led by Alexey Miller, Chairman of the Management Committee, a Gazprom delegation today paid a visit to the Islamic Republic of Iran meeting with Gholamhossein Nozari, Iranian Petroleum Minister. The p...
Reinforced cooperation with Arkhangelsk Oblast
Russia >> 2/19/2008 - StatoilHydro signed a Memorandum of Understanding with Arkhangelsk Oblast Administration. The agreement is another milestone in the company’s long-term commitment to the North-West Russia. The MoU was...
Aker Kvaerner acquires engineering company and sells off shares in Russian yard
Russia >> 2/13/2008 - Aker Kvaerner has entered into an agreement which gives full ownership of Finnish RR Offshore and ends the co-operation between Aker Kvaerner and it's former Russian partner ST Holdings. As part of th...
StatoilHydro Signs Technology Cooperation with GE Oil & Gas
Norway >> 2/12/2008 - StatoilHydro and GE Oil & Gas signed a Technology Cooperation Agreement, which establishes a formal collaborative working relationship between the two companies for the ongoing development of technolo...
Woodside agrees to buy Shell NWS oil assets
Australia >> 2/11/2008 - 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 1 August 2007. Shell’s N...
Success of PGNiG in Iran
Iran >> 2/11/2008 - Polish Oil and Gas Company signed in Teheran a letter of intent with Iranian Offshore Oil Company concerning cooperation in the development of Iranian gas and condensate field discoveries. This is one...
Max Petroleum Announces Consolidation of 100% Ownership of Blocks A&E in Kazakhstan
Kazakhstan >> 2/11/2008 - Max Petroleum has entered into a restructuring agreement with Horizon Services N.V. and Oriental Limited, whereby the Company will acquire Horizon’s 20% indirect minority interest in the Company’s Blo...
Lukoil Acquires New Hydrocarbon Assets In Uzbekistan
Uzbekistan >> 2/8/2008 - Lukoil Overseas has reached an agreement with SoyuzNefteGaz to acquire a controlling interest in a group of companies that includes SoyuzNefteGaz Vostok Limited, which is a party to the PSA for the fi...
StatoilHydro and ONGC cooperate in India
India >> 2/6/2008 - StatoilHydro and Indian oil company ONGC have agreed to jointly explore the potential of developing Carbon Capture and Storage (CCS), and CDM (clean development mechanism) projects in India. The signi...
Proposed Disposal of SOCO Yemen Pty Limited
Yemen >> 2/4/2008 - SOCO International plc entered into a conditional sale and purchase agreement for the sale of its wholly owned subsidiary SOCO Yemen Pty Limited, the entity that holds the Company’s interest in the Ea...
Carnarvon Petroleum bids for 2 onshore Thailand blocks
Thailand >> 1/31/2008 - Carnarvon Petroleum announced that it has applied to the Department of Mineral Fuels (“DMF”) in Thailand for concession rights in petroleum exploration and production for two areas described as Blocks...
Sale of interest in M’Boundi to the Korea National Oil Company
Congo >> 1/31/2008 - Tullow Oil announced the sale of its 11% interest in the onshore M'Boundi field in Congo (Brazzaville) to the Korea National Oil Company (KNOC) for a total cash consideration of $435 million. The deal...
OMV and Gazprom agree to jointly develop the gas trading hub in Baumgarten
Austria >> 1/25/2008 - OMV and Gazprom has signed a Cooperation Agreement. The two companies agreed on a contractual framework to expand their cooperation: Gazprom will take a 50% interest in the Central European Gas Hub (t...
Aker Kvaerner and ExxonMobil extend long term North Sea contract
Norway >> 1/25/2008 - ExxonMobil Exploration and Production Norway AS has exercised a two year option in their term contract with Aker Kvaerner in Stavanger, Norway. The contract covers all ExxonMobil operated assets in th...
Dana Gas Share Ownership in West Africa Officially Approved
Nigeria >> 1/22/2008 - Dana Gas announced that it now officially owns a share in one of the blocks of an oil and gas rich offshore province in West Africa’s Gulf of Guinea, one of the richest hydrocarbon sources in the worl...
Afren enters into a co-operation agreement with E.ON Ruhrgas AG and African LNG Holdings
Nigeria >> 1/22/2008 - Afren announced that it has entered into a co-operation agreement with E.ON Ruhrgas AG and African LNG Holdings Limited. The Board of Afren is delighted to announce that the Company has signed a co-op...
MOL has signed a Memorandum of Understanding with the Indian ONGC
India >> 1/18/2008 - MOL Hungarian Oil and Gas announced that it signed a Memorandum of Understanding with ONGC on 18 January 2008. In the Memorandum of Understanding MOL and ONGC have laid down the basis of a broader coo...
Eni and Gazprom incorporate South Stream AG
Russia >> 1/18/2008 - Eni and Gazprom announce that a new company, South Stream AG, 50% owned respectively by Eni and Gazprom, has been incorporated today. The new company plans to complete the technical, economic and poli...
Qatar Petroleum International and Gaz de France establish long-term partnership
Qatar >> 1/14/2008 - H.E. Abdullah Bin Hamad Al-Attiyah, Deputy Premier, Minister of Energy and Industry, Chairman of Qatar Petroleum International, and Jean-Francois Cirelli, Chairman and Chief Executive Officer of Gaz d...

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