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Kuwait Won't Publicly Address Oil Reserve Question -Min
Kuwait >> 11/30/2006 - Kuwait plans to enlist international oil companies, including Chevron Corp. to help develop the Gulf nation's natural gas reserves and has appointed banks Morgan Stanley (MS) and Lazard (LAZ) to reexa...
Angola OPEC Move Won't Hit Big Oil Cos in Short Term
Angola >> 11/30/2006 - Although Angola's apparent interest in joining the Organization of Petroleum Exporting Countries involves one of the private oil industry's most important investment targets, the move isn't likely to ...
Equatorial Guinea President Clears Higher Oil Royalties
Equatorial Guinea >> 11/28/2006 - Equatorial Guinea's powerful President Teodoro Obiang has ratified a new law that increases the government's take in one of Sub-Saharan Africa's fastest growing oil and gas producing areas. The legisl...
Heritage completes the sale of its Noumbi Permit holdings in Congo for over $21 million
Congo >> 11/22/2006 - Heritage Oil Corporation has completed the sale of Heritage Congo Limited to Afren PLC. Heritage Congo Limited holds a 14% working interest in the Noumbi Exploration Permit in Congo (Brazzaville).
BHP Billiton Sells Stake in Namibia Oil Blocks to Mitsui
Namibia >> 11/21/2006 - BHP Billiton Ltd. has sold a 15% interest in oil and gas exploration blocks in Namibia to Japanese trading company Mitsui & Co. (MITSY). The financial terms of the deal aren't being disclosed, a spoke...
Gazprom and Eni Ink Agreement on Strategic Partnership
Italy >> 11/14/2006 - Alexey Miller, Chairman of the Gazprom Management Committee and Paolo Scaroni, Chief Executive Officer of ENI have inked an Agreement on strategic partnership. Under the accord reached, Gazprom receiv...
New Shanghai Office to Boost China Ties
Saudi Arabia >> 11/13/2006 - Saudi Aramco executives Monday officially opened the new Aramco Overseas Company (AOC) office in Shanghai, People's Republic of China. The office will focus on the strategic sourcing of new companies ...
Dana Gas says to acquire Centurion Energy
United Arab Emirates >> 11/12/2006 - United Arab Emirates firm Dana Gas has agreed to acquire Canada's Centurion Energy International for C$1.15 billion ($1.02 billion) to expand into the upstream gas sector. Under the deal Dana Gas woul...
New Office Opens in Kuala Lumpur
Saudi Arabia >> 11/11/2006 - Saudi Aramco executives Friday officially opened the new Aramco Overseas Company (AOC) office in Kuala Lumpur, Malaysia. The office will focus on the strategic sourcing of new companies involved in ma...
Petrofac Acquires 45% Interest in Chergui Concession, Tunisia
Tunisia >> 11/9/2006 - Petrofac announced that its Resources division has agreed to acquire a 45% interest in the Chergui concession, Tunisia, for a cash consideration of approximately US$30 million. Petrofac will be operat...
First Calgary Petroleums Ltd. Announces Gas Marketing Agreement Signed
Algeria >> 11/7/2006 - First Calgary Petroleums Ltd. has signed a long term Take or Pay Gas Marketing Agreement with Sonatrach, Algeria’s national oil company, covering Block 405b in Algeria’s Berkine Basin. Pursuant to the...
Iran to dispatch oil, petrochemical industry experts to China
Iran >> 11/6/2006 - Iran's Fund for Export Development of Oil Derivatives planned to dispatch a delegation of 30 experts in oil and petrochemical industry to Beijing and Hong Kong, Managing director of the fund Pedram So...
Petro-Canada Acquires Long-Life Gas Assets in Syria
Syria >> 11/1/2006 - Petro-Canada has completed an agreement with a wholly-owned subsidiary of Marathon Oil Corporation to purchase a 90% interest in Marathon’s production sharing contract (PSC) in the Ash Shaer and Cherr...
Aramco Board Approves Expansion Plans
Saudi Arabia >> 10/18/2006 - Saudi Aramco's Board of Directors gave its resounding support to the company's budget and expansion plans when it met recently in Dhahran under the chairmanship of Ali I. Al-Naimi, Minister of Petrole...
Total reaches 48.83% of Cepsa
France >> 10/16/2006 - After approval on October 13, 2006 by the European Commission, Banco Santander Central Hispano sold 4.35% of Cepsa’s share capital to Total at a price of €4.54 per share, for a total transaction amoun...
Japan Min: Inpex Likely to Lose Part of Iran Stake
Iran >> 10/6/2006 - Japan's trade minister said it is likely a state-designated oil development company will lose part of its stake in a US$2 billion project to develop Iran's Azadegan oil field, a news report said Frida...
Japan's Inpex To Cut Iran Oil Field Stake To 10%
Iran >> 10/6/2006 - Japanese oil development company Inpex Holdings Inc. will greatly reduce its stake in Iran's Azadegan oil field due to slow progress in removing land mines from the area, officials said. Inpex will co...
Strategies for Mega Projects Outlined
Saudi Arabia >> 10/3/2006 - Saudi Aramco general manager of Area Projects Mohammad A. Al-Juwair said the company's ability to execute mega projects with consistently high quality comes from years of continuous learning from its ...
PA Resources Buys License in Congo
Congo >> 10/3/2006 - PA Resources AB has entered into a heads of agreement to acquire 85% interest in a Production Sharing Agreement in block Marine XIV offshore Congo, the informs that the up-front consideration for the ...
Qualified Cos For Libya’s 3rd Bidding Round of E & P Sharing Agreement
Libya >> 10/2/2006 - National Oil Corporation (NOC) has reached a decision, concerning the nomination of the qualified companies in the Third Bidding Round of Exploration and Production Sharing Agreement (EPSA). This deci...

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