Oil & Gas Companies News

Royal Dutch Shell Signs Letter of Intent for the Sale of Two French Refineries
France >> 8/2/2007 - As part of an ongoing strategy of portfolio management, Shell International Petroleum Company Limited (Shell) has signed a Letter of Intent with Petroplus Holdings AG relating to the possible sale of ...
Shell sells equity in undeveloped Norwegian assets
Norway >> 8/2/2007 - A/S Norske Shell ('Shell') today announced that the company has entered into an agreement with E.ON Ruhrgas Norge AS to sell its 28% equity interests in the undeveloped Skarv and Idun fields for US$ 8...
Technip Announces Conversion of Khursaniyah Gas Plant Contract Into Lumpsum Turnkey
Saudi Arabia >> 8/2/2007 - Technip, in consortium with Bechtel, has signed a contract with Saudi Aramco for the conversion of the Khursaniyah gas plant project into a lumpsum turnkey contract. The contract was originally awarde...
Aramco to Create New Business Organization
Saudi Arabia >> 8/1/2007 - Saudi Aramco will create a new business organization designed to provide greater integration and coordination of the company’s core hydrocarbon operations and support activities. The organization will...
Mogul Energy to Increase Interest in the East Wadi Araba Concession, Gulf of Suez, Egypt
Egypt >> 7/31/2007 - Mogul Energy International, Inc. has entered into a letter of intent (“LOI”), dated July 30, 2007, to complete a Business Combination with Sea Dragon Energy, Inc., a private Canadian corporation. If t...
Seadrill sells West Titania to SeaWolf
Tunisia >> 7/25/2007 - Seadrill has agreed to sell the 1981-built jack-up West Titania to the Nigerian drilling contractor SeaWolf Oil Services Limited. The unit is at present operating in Tunisia for Ecumed under a three w...
Plectrum announces intention to convert Nabeul Permit
Tunisia >> 7/24/2007 - Plectrum announce that its wholly owned subsidiary, REAP Tunisia GmbH, has notified the Tunisian authorities of its intention to convert the Nabeul Prospection Permit into an Exploration Permit. This ...
Gazprom and Total sign a framework agreement for cooperation in Shtokman development
Russia >> 7/13/2007 - Gazprom and Total have signed a Framework Agreement for Cooperation in the Development of the First Phase of the Shtokman Gas Condensate field. In accordance with the Agreement, the parties will set u...
RXT Experiences Start Up Delays in its Nigeria and Caspian Operations
Nigeria >> 7/12/2007 - RXT2 started production in Nigeria in early June, against start-up target of 20 May. So far, production rates have been lower than originally projected, primarily owing to the need to enable the crew ...
Tullow Oil Provides Operational Update
Ghana >> 7/11/2007 - Tullow Oil plc Provided Operational Update in respect of recent Production, Development and Exploration activities.

Exploration:Ghana - Mahogany discovery – recent technical work ind...
Cepsa Signs Memorandum of Understanding to Launch Activity in Asia
South Korea >> 7/9/2007 - The Chairman of Compania Espanola de Petroleos, S.A., (CEPSA), Carlos Perez de Bricio and the President of Hyundai Oilbank Co. Ltd (HDO), See Young Tae, as well as the Governor of the Province of Chun...
Rosneft and Shell Agreed on Strategic Cooperation
Russia >> 7/9/2007 - Rosneft Open Joint Stock Company and Royal Dutch Shell plc (Shell) concluded an Agreement on Strategic Cooperation.The Agreement provides the opportunity for joint implementation of upstream and downs...
Total Gabon’s Convention of Establishment Renewed
Gabon >> 7/6/2007 - Total announces that Total Gabon and Gabon have signed an agreement to renew for 25 years the convention of establishment, which expired on June 30, 2007. The convention of establishment defines, amon...
Eni Signs Agreement For The Acquisition of A Stake in Altergaz
France >> 6/28/2007 - Eni signed in Paris with Altergaz the agreement for the acquisition of a significant stake of the company and the distribution of natural gas to end users and small enterprises in France. Altergaz is ...
ROC Announces Activity Update in Guinea
Equatorial Guinea >> 6/27/2007 - ROC advised that a dispute has arisen between Pioneer Natural Resources Equatorial Guinea Limited, a wholly-owned subsidiary of Dallas-based Pioneer Natural Resources Limited and its co-venturers, inc...
Sincor Heavy Oil Operating Company in Venezuela to Become Mixed Company
Venezuela >> 6/26/2007 - Total announced has signed a memorandum of understanding with Venezuela’s ministry in charge of energy and petroleum to transform operating company Sincor, formed by the project partners, into a mixed...
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 ...
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...
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...

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