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Oil & Gas Companies News

Equator Exploration - OML 122 License (Bilabri Project) in Nigeria
Nigeria >> 3/5/2007 - Equator Exploration Limited announced that its partner in the Bilabri development has failed to pay its cash calls and as such is in default under the terms of the OML 122 Finance and Service Agreemen...
Abandonment Exploration Well Tioni-1
Congo >> 2/26/2007 - On the Kouilou permit (Maurel & Prom, 65% operator), the exploration well Tioni-1, whose main objective was the Vandji sandstone reservoir, was plugged and abandoned on Thursday, the 22nd of February ...
Eni acquires operated assets by Maurel & Prom in Congo
Congo >> 2/22/2007 - Eni acquires large portion of the Congolese activities operated by Maurel & Prom, a French upstream company. The transaction includes all Maurel & Prom interests in the producing fields of M’Boundi (...
Pakistan Petroleum Plans to Search for Oil in Yemen This Year
Yemen >> 2/20/2007 - Pakistan Petroleum Ltd., the nation's largest gas producer, plans to start searching for oil in Yemen this year in partnership with OMV AV as part of a plan to boost production.

The state-c...
ENI and ONGC signs Co-operation Agreement
India >> 2/20/2007 - ENI and ONGC have signed two parallel agreements in for the swap of participating interests in exploration blocks located in India and Congo Brazzaville.

Though the first Agreement, Eni acq...
Eni Signs With NLNG Agreement For The Purchase Of 2 bcm/year of LNG
Nigeria >> 2/12/2007 - Eni signed a twenty years Sale and Purchase Agreement (SPA) with Nigeria LNG (NLNG) Limited for the acquisition of 1.375 Million Tonnes per year (equivalent to approximately 2 billion cubic meters per...
OPEC Cuts Impacted Libya Ops by 2,000-3,000 B/D
Libya >> 2/2/2007 - Marathon Oil Corp. (MRO) said Thursday that emerging U.S. and international policies may have a significant impact on its future plans. In the exploration and production realm, Marathon's Libya operat...
Zambia to Choose Oil Exploration Cos by End-1Q
Zambia >> 1/31/2007 - The Zambian government is set to conclude the selection of companies to explore for oil in its northwestern province by the end of the first quarter, the deputy minister of mines and minerals developm...
Gazprom Deputy CEO: Deal with Algeria Not a Cartel
Algeria >> 1/26/2007 - Gazprom OAO 's deal with Algerian gas major Sonatrach isn't an attempt to create a cartel, Gazprom's Deputy Chief Executive Alexander Medvedev said Thursday. European Union Energy Commissioner Andris ...
Heritage Oil Completes Sale of its Kouakouala Interests in Congo
Congo >> 1/24/2007 - Heritage Oil Corporation has completed the sale of its 25% working interests in the Kouakouala A and B licenses Congo to the other partners in the licenses, Maurel et Prom and Burren Energy.

...
S Korea to Send Delegation to Iraq This Week on Oil Devt
Iraq >> 1/22/2007 - A South Korean delegation will travel to Iraq this week to seek the support of the Kurdistan Regional Government for the participation of South Korean companies in oil development projects there, said...
GAIL India May Buy Stake in Nigeria Oil, Gas Block
Nigeria >> 1/15/2007 - Gail (India) Ltd. is in talks to acquire up to a 30% stake in an offshore oil and gas block in Nigeria, a senior company executive said Monday. "We may buy between a 20% and 30% stake from a Nigerian ...
Roxar and SONAR Sign up for Joint Venture in Nigeria
Nigeria >> 1/11/2007 - Roxar AS has signed a joint venture with SONAR Limited of Nigeria to meet the increasing demand in Nigeria and West Africa for Roxar’s reservoir management and optimization solutions. The joint ventur...
Indian Company To Build Oil Refinery In Iran
Iran >> 1/7/2007 - India’s Essar Group is negotiating with National Iranian Oil Refining and Distribution Company (NIORDC) to set up a new oil refinery in Iran’s oil-rich southern region. The building of a two billion d...
SABIC completes purchase of Huntsman’s UK base chemicals and polymers business
Saudi Arabia >> 1/6/2007 - Mohamed Al-Mady, Vice Chairman and CEO of Saudi Basic Industries Corporation (SABIC) and Peter Huntsman, President and CEO of Huntsman Corporation (NYSE: HUN) announced the completion of the purchase ...
Egyptian Joint Talks with the Gazprom Company
Egypt >> 12/26/2006 - The Gazprom Headquarters has hosted a working meeting of Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Hany Soliman Ali, First Undersecretary of the Egyptian Ministry of Pet...
PA Resources has formally cl/sed the acquisition of ADECO Congo BVI Ltd.
Congo >> 12/20/2006 - PA Resources AB formally closed the transaction relating to the previously announced acquisition of 100 % in the company ADECO Congo BVI Ltd. ADECO Congo BVI Ltd is the 100 percent owner of ADECO Cong...
Syntroleum to Sale Nigerian Exploration and Production Holdings
Nigeria >> 12/18/2006 - Syntroleum Corporation announced that its subsidiary, Syntroleum International Corporation, has signed a letter agreement with Energy Equity Resources Limited ("EER") for the sale of Syntroleum's expl...
Russian-Egyptian Cooperation Development
Egypt >> 12/4/2006 - Alexey Miller, Chairman of the Gazprom Management Committee, paid a visit to Egypt. Within the visit Alexey Miller met with Sameh Samir Fahmi, Minister of Petroleum Industry of Egypt, Rashid Mohammad ...
Eni CEO Sees Modest Payments On Kashagan Delays
Kazakhstan >> 12/3/2006 - Eni SpA's (E) chief executive Friday said any extra payments as a result of delays in its Kazakh Kashagan oil project won't be large, and won't lead to woes similar to those experienced by Royal Dutch...

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