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Oil & Gas Companies News

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...
Cooper Energy Secures a Strategic Interest in the Hammamet PSC, Tunisia
Tunisia >> 10/19/2007 - Cooper Energy has agreed to farm into 35% of the Hammamet PSC in the Gulf of Hammamet in Tunisia. The block has many attractive exploration prospects and the abandoned Tazerka Oil Field, which has the...
EMGS secures lucrative contract from super major
Libya >> 10/19/2007 - Electromagnetic Geoservices ASA (EMGS) has secured another contract with one of energy company to determine the hydrocarbon content of potential reservoir structures offshore Libya using seabed-loggin...
Enovation Resources is awarded a Joint Study licence in the NW Natuna Basin, Offshore Indonesia
Indonesia >> 10/11/2007 - Enovation Resources Ltd was awarded a Joint Study licence by MIGAS, the Indonesian petroleum regulatory authority for an area covering 14,400 square kilometers within the highly prospective North West...
MOL signed Memorandum of Understanding with Quatar Petroleum International
Qatar >> 10/9/2007 - Qatar Petroleum International (QPI) and MOL Hungarian Oil and Gas Public Limited Company (MOL Plc.) of Hungary signed a Memorandum of Understanding for the purpose of developing alliance to pursue bus...
Eni CEO met with Kazakh Prime Minister and with Minister of Energy and Mineral Resources
Kazakhstan >> 10/8/2007 - Eni CEO Paolo Scaroni met today in Astana, Kazakhstan, with Kazakh Prime Minister Karim Masimov and with Minister of Energy and Mineral Resources Sauat Mynbaev. The meeting covered areas such as Eni’s...
Gulfsands Announces Formation of Strategic Partnership in Middle East
Syria >> 10/8/2007 - Gulfsands Petroleum plc announced the establishment of an important strategic partnership with Cham Holding, which is well recognized as one of Syria's most important business groups. The strategic pa...
Eni renews development and production licence in Algeria
Algeria >> 10/3/2007 - Eni and Sonatrach have signed an agreement to renew the development and production licence for the fields belonging to Block 403 (BRN, BRV and BRSW) located in Algeria, in the Bir Rebaa area, in the s...
StatoilHydro Review of Libya Engagement
Libya >> 10/1/2007 - StatoilHydro ASA and Norsk Hydro ASA will cooperate with respect to an external inquiry into Hydro Oil and Energy’s operations in Libya, which Hydro acquired through the takeover of Saga Petroleum in ...
Hydro agreements in Libya under review 
Libya >> 10/1/2007 - Chief executive Helge Lund has resolved in consultation with the Statoil board to launch a review of issues relating to the former Hydro Oil & Energy’s operations in Libya, using external counsel. The...
Tatneft and Shell to develop strategic partnership
Russia >> 9/27/2007 - Tatneft and Shell Exploration Company (RF) B.V. concluded Agreement on Principles of Strategic Partnership. The agreement was signed by General Director of Tatneft Shafagat F. Takhautdinov and Shell C...
Woodside to Sale Mauritania Interests to Petronas
Mauritania >> 9/27/2007 - Woodside has agreed to the sale of its Mauritanian interests to PETRONAS Australia Pty Limited, a subsidiary of the Malaysian Government-owned oil and gas company Petroliam Nasional Berhad. The sale i...
Addax Petroleum Increases Gabon Production To Over 30,000 Barrels Per Day One Year After Acquisition
Gabon >> 9/13/2007 - Addax Petroleum Corporation announced that one year after the acquisition of the operations of Pan Ocean Energy Corporation Limited , it has increased production more than three-fold to in excess of 3...
Tanganyika Denies Being in Discussions to Sell Syrian Assets
Syria >> 9/11/2007 - Tanganyika Oil Company Ltd. saw the trading of its shares on the OMX Nordic Exchange temporarily suspended after an article published in the Swedish daily business newspaper Dagens Industri. Tanganyik...
Mongolian Oil Exploration Block Memorandum of Understanding Signed
China >> 9/10/2007 - Manas Petroleum has signed a MOU with a Mongolian company, Shunkhlai Energy, regarding petroleum exploration in block XXIII. Manas Petroleum has a right to purchase a 90% interest in the Mongolian com...
Lukoil And Cnpc Sign A Strategic Partnership Agreement
China >> 9/8/2007 - LUKOIL, and Chinese National Petroleum Corporation (CNPC), signed a Strategic Partnership Agreement in Beijing. In accordance with the document signed, the companies intend to expand the interaction i...

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