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Oil & Gas Companies News

BP and TNK-BP Plan Strategic Alliance with Gazprom as TNK-BP Sells its Stake in Kovykta Gas Field
Russia >> 6/22/2007 - BP and TNK-BP today announced that they have signed a memorandum of understanding to create a strategic alliance with the Russian gas giant, Gazprom, to invest jointly in major long-term energy projec...
BP Will Share Oil, Gas Discoveries With Libya, Ghanem Says
Libya >> 6/22/2007 - BP Plc and the Libyan government will share any oil fields BP may find under an exploration accord signed with the North African nation last month, a Libyan official said. The agreement was initially ...
White Nile provides Sudan Update
Sudan >> 6/14/2007 - White Nile Ltd would like to make the following statement in the light of continued speculation regarding the Block Ba licence area in Southern Sudan. White Nile has been assured by representatives of...
An Egyptian Kuwaiti Agreement to Explore Crude Oil at Gulf of Suez with Investments $400 million
Egypt >> 6/14/2007 - Eng. Sameh Fahmi, Minister of Petroleum, signed an exploration and development agreement for the Egyptian General Petroleum Corporation (EGPC) with the Egyptian PICO Company and the Kuwaiti KUFPEC Com...
Kuwait's KGL Petroleum Invests Us$30 Million In Circle Oil
Kuwait >> 6/11/2007 - Circle Oil plc is pleased to announce the signing of an unsecured Convertible Loan agreement in the sum of US$30 million with Kuwait-based, KGL Petroleum Company. The loan also has an attached option ...
Swiber Signs MOU To Target The Middle East Market
United Arab Emirates >> 6/11/2007 - Swiber Holdings Limited has signed a Memorandum of Understanding (“MOU”) with Emirates Investments Group L.L.C.(“EIG”). The memorandum paves the way for the two parties to combine resources to jointly...
Sonatrach – FCP Award the FEED Contract for Block 405b MLE Project
Algeria >> 6/6/2007 - First Calgary Petroleums Ltd., in the context of its relationship with Sonatrach announced the award of the Front End Engineering Design Contract for Block 405B Menzel Ledjmet East Project to Genesis ...
Arawak Signs Agreement to Acquire 40pct Stake in Saigak Field in Kazakhstan
Kazakhstan >> 6/5/2007 - Arawak Energy Corporation announced that it has entered into an agreement, subject to certain conditions, under which the Company expects to acquire Saigak Investments BV ("SIBV"), a company which has...
Eni completes acquisition of Maurel & Prom’s assets in Congo
Congo >> 5/30/2007 - Eni has completed the acquisition of Maurel & Prom assets in the Republic of Congo. Eni has obtained the operatorship of the M’Boundi (Eni equity 43.1%) and Kouakouala “A” (66.67%) concessions and of ...
Maurel & Prom Concludes Congolese Asset Sale to Eni
Congo >> 5/30/2007 - Maurel & Prom has concluded the sale of its Congolese assets to Eni Congo SA for US$1.434 billion as of May 29, 2007. According to the sale and purchase agreement, Maurel & Prom received US$1.395 bill...
AMEC Wins Significant Support Services Contract In Saudi Arabia
Saudi Arabia >> 5/25/2007 - AMEC has been awarded a five year support services contract by Saudi Aramco to support its massive development programme in Saudi Arabia. This is an important strategic step providing a significant br...
Eni purchases ConocoPhillips’ shares in the Czech Refining Company (CRC) in Czech Republic
Italy >> 5/24/2007 - Eni signed with ConocoPhillips Central and Eastern Europe Holdings B.V. an agreement has for the purchase of a further shareholding, corresponding to 16,11%, of the share capital of the Czech Refining...
Chevron Signs Agreement to Sell Benelux Fuels Marketing Business to Delek
Netherlands/Holland >> 5/24/2007 - Chevron Corporation today announced the signing of an agreement by its subsidiaries in Belgium, the Netherlands and Luxembourg (Benelux) to sell their fuels marketing business to Dutch company Delek B...
GB Petroleum Plc and PGNiG sign Memorandum of Understanding
Morocco >> 5/20/2007 - GB Petroleum Plc (GBP) and Polskie Gornictwo Naftowe i Gazownictwo S.A (PGNiG) recently signed a Memorandum of Understanding to work together in the identification, evaluation and acquisition of selec...
Iraq to Push For Indian Refineries During Visit
Iraq >> 5/14/2007 - Iraq will press Indian firms to set up refineries there during a four-day visit to India by Oil Minister Hussain al-Shahristani later this month, an Iraqi official said on Monday. "We will invite Indi...
Equator provides Bilabri Project Update
Nigeria >> 4/30/2007 - Equator Exploration Limited announced that it was in discussions with the lease holder of OML 122, Peak Petroleum Industries Nigeria Limited ('Peak') regarding Peak's failure to pay cash calls on the ...
Eni purchases ExxonMobil petroleum business in Czechia, Slovakia and Hungary
Italy >> 4/27/2007 - Eni and ExxonMobil Central Europe Holding GmbH, Hamburg, announced that an agreement has been signed for the sale of shares of Esso spol s.r.o (Esso Czechia ), Esso Slovensko spol s.r.o. ( Esso Slovak...
BP Acquires Oxy's Pakistan Assets
Pakistan >> 4/23/2007 - BP will acquire all of Oxy's remaining interests in Pakistan. At year-end 2006, Oxy's net proved Pakistan reserves were approximately 3 million Bbls of oil and 68 Bcf of natural gas. Pakistan's curren...
Gazprom enters Sakhalin II project
Russia >> 4/19/2007 - Sakhalin Energy, operator of the Sakhalin II project, signed a Sale and Purchase Agreement with OAO Gazprom (Gazprom) to trigger the transfer of shares in Sakhalin Energy. This transaction implements ...
R&DC, Petrobras Build Downstream Ties
Saudi Arabia >> 4/19/2007 - The Research and Development Center (R&DC) recently held the first Downstream Workshop between Saudi Aramco and Brazilian oil company Petrobras to strengthen the relationship between the two companies...

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