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Indonesian court decision regarding Banjar Panji-1 well incident
Indonesia >> 12/28/2007 - The South Jakarta District Court yesterday handed down its decision in the proceedings brought by the Indonesian Forum for the Environment (WALHI) in relation to the Sidoarjo mud flow incident. The pa...
Takreer, Neste Oil and OMV sign Heads of Terms for Base oil Plant in Abu Dhabi
United Arab Emirates >> 12/17/2007 - Abu Dhabi Oil Refining Company - Takreer, Neste Oil of Finland and OMV are proceeding with their plans to form a joint venture company and build a plant to produce sulfur free, Very High Viscosity Ind...
Salamander Energy to Acquire GFI Oil & Gas Corporation
Indonesia >> 12/14/2007 - Salamander Energy has agreed the terms of a Proposed Acquisition with GFI for a total consideration of approximately £96 million. Under the terms of the recommended Proposed Acquisition, Salamander wi...
Urals Energy Completes Acquisition from Finfund
Russia >> 12/14/2007 - Urals Energy has completed the acquisition from Finfund Limited of a 32.3% interest in OOO Taas-Yuriakh Neftegazodobycha, the principal terms for which were referred to in the Company's announcement o...
Petronas Inks Key agreements With Uzbekistan
Uzbekistan >> 12/11/2007 - Petronas has signed three key agreements in Uzbekistan which would boost its presence and strengthen its business portfolio in the country. Petronas signed the Agreement on Activities and Main Princip...
ConocoPhillips Signs Memorandum of Understanding with Qatar Petroleum International
Qatar >> 12/10/2007 - ConocoPhillips and Qatar Petroleum International (QPI) announced that the two companies have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Q...
PEG Announces Termination Of Middle East Joint Venture
United States >> 12/10/2007 - Production Enhancement Group, Inc. announced that PEG has allowed its joint venture agreement with Al Qahtani Maritime & Oil Field Services Co. to expire of its own terms. The purpose of the joint ven...
Total Announces Start-Up of A New Distillate Hydrocracker at The Dalian Refinery in China
China >> 12/10/2007 - Total announced the start-up of a new distillate hydrocracker at the Wepec refinery in Dalian, China, in which the Group holds a 22.4% stake. Representing a total investment of $240 million, the new c...
Qatar Wins Bid to Host World Petroleum Congress
Qatar >> 11/29/2007 - Qatar has won its bid to host the 20th World Petroleum Congress to be held in 2011, widely recognized as the “Olympics” of the oil and gas industry. Turkey and the United Kingdom were the two other co...
PTTEP Acquires 20% Interest in Australian Petroleum Block from Finder
Australia >> 11/27/2007 - PTT Exploration and Production Public Company Limited has entered into a Joint Participation Agreement with Finder Exploration Pty Ltd. to acquire a 20 percent ownership interest in Block AC/P36 in Au...
Completion of acquisition of Koshekhablskoye gas field, onshore Russia
Russia >> 11/27/2007 - JKX Oil & Gas announced completion of the acquisition of 100 per cent of the southern Russian Koshekhablskoye gas field. The conditional acquisition was announced on 24 July, 2007 and was subject to a...
OMV strengthens position in Libya
Libya >> 11/26/2007 - OMV signed an Agreement with Libya's National Oil Corporation (NOC) revising and upgrading several of its existing petroleum contracts to the newly established EPSA IV contractual frame work. The plan...
PA Resources Acquires Significant Assets in Congo
Congo >> 11/20/2007 - PA Resources has signed an agreement with Murphy West Africa Ltd to acquire a 35 percent share in the Mer Profond Sud Permit including the Azurite Field in the Republic of Congo. The acquisition adds ...
CNPC and Malaysia's Rimbunan Hijau Group sign oil contract on Block 1 of Fuyu in the Songliao Basin
China >> 11/14/2007 - CNPC signed a contract in Beijing with Kingworld Resources Ltd., a subsidiary of Rimbunan Hijau Group from Malaysia, on the cooperative development and production of hydrocarbon resources at Block 1 o...
Organizational changes affecting Shell Upstream Companies in Nigeria
Nigeria >> 11/13/2007 - Shell Production and Development Company Limited (SPDC), Shell Exploration and Production Africa Limited (SEPA) and Shell Nigeria Exploration and Production Company Limited (SNEPCO) (together hereinaf...
Noreco selles its Assets in Oman to Tethys Oil
Oman >> 11/9/2007 - Noreco has entered into an agreement to sell its assets in Oman to Tethys Oil AB. Noreco has through its subsidiary Altinex Oil Denmark A/S entered into an agreement to sell all its assets in Oman to ...
OMV Sign MOU for Joint E&P Projects in the Middle East, North Africa and the Caspian
United Arab Emirates >> 11/5/2007 - OMV Aktiengesellschaft signed a Memorandum of Understanding with International Petroleum Investment Company (IPIC) to pursue upstream projects in the Middle East, North Africa and the Caspian Region -...
NATCO Announces Saudi Arabian Joint Venture Agreement
Saudi Arabia >> 10/30/2007 - NATCO Group announced that its subsidiary had entered into a joint venture agreement to build, market and sell process equipment and systems and related services with Al-Rushaid Petroleum Investment C...
Chevron Granted 10-Year Production Period Extension for Concessions in the Gulf of Thailand
Thailand >> 10/29/2007 - Chevron Corporation announced that its subsidiary Chevron Thailand Exploration and Production, Ltd, its co-concessionaires and the Thai Ministry of Energy have signed an agreement to extend the produc...
ONGC-Mittal Joint Venture acquires 30% Participating Interest in Turkmenistan Exploration Block
Turkmenistan >> 10/22/2007 - ONGC Mittal Energy Ltd. (OMEL), a joint venture between ONGC Videsh Ltd. (OVL) and Mittal Investment Sarl (MIS), has acquired 30% Participating Interest (PI) in an exploratory Block 11-12, Offshore Tu...

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