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Oil & Gas Companies News

Deals Signed for Jubail Refinery
Saudi Arabia >> 8/23/2006 - A mere two months after signing a Memorandum of Understanding to develop the Jubail Export Refinery, Saudi Aramco and Total already have come together to sign the contract and get the ball rolling.
Plectrum Completes Acquisition of REAP Tunisia GmbH
Tunisia >> 8/16/2006 - Plectrum Petroleum has completed the acquisition of REAP Tunisia GmbH to gain a 50 per cent interest and the operatorship of the Nabeul block, offshore Tunisia. Under the terms of the agreement, Plect...
Apache Completes Sale of Oil Production Interest in China
China >> 8/8/2006 - Apache Corporation has completed the previously announced sale of its 24.5 percent interest in China's producing Zhao Dong block to Australia-based ROC Oil Company Limited for US$260 million.

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BG to Join Gulf Keystone and Sonatrach in Hassi Ba Hamou Perimeter, Algeria
Algeria >> 8/4/2006 - Gulf Keystone Petroleum Ltd. announced a major expansion of its exploration and appraisal activities, in partnership with SONATRACH, within Algeria and the introduction of BG North Sea Holdings Limite...
Gazprom and Sonatrach ink MOU
Algeria >> 8/4/2006 - Gazprom and Sonatrach have inked a Memorandum of understanding within the framework of a meeting between Viktor Khristenko, Industry & Energy Minister of the Russian Federation and Chakib Khelil, Ener...
SCOMI Subsidiary Goes to Nigeria
Nigeria >> 7/15/2006 - SCOMI group Dhl said Subsidiary KMC Oiltools bermuda Ltd had teamed up with Enercon Nigeria Ltd to set up a joint venture company. The new company would pursue business relating to oil country tubular...
ConocoPhillips, Anadarko Announce New Satellite Discovery Near Alpine
United States >> 7/14/2006 - ConocoPhillips and Anadarko Petroleum Corporation announced the discovery and test production from the Qannik accumulation, a satellite oil field overlying the Alpine oil field on the North Slope of A...
Qatar Unaware of Saudi Objection to Gas Project
Saudi Arabia >> 7/13/2006 - Qatar's oil minister said that Doha had not received any Saudi objection to a $3.5 billion project to carry Qatari gas to the United Arab Emirates and said construction of the pipeline was on schedule...
Gaz de France strengthens its presence in Mauritania
Mauritania >> 7/12/2006 - Mohamed Ali Ould Sidi Mohamed, Minister of Energy & Oil in the Mauritanian government, and Jean-François Cirelli, Chairman and CEO of Gaz de France, have signed a memorandum of understanding leading t...
Pan-Ocean in Discussions Regarding Sale of Shares of PanAfrican
Gabon >> 7/12/2006 - Pan-Ocean Energy Corporation Limited confirms that it has had preliminary discussions with parties in respect of potential transactions that could lead to a sale of the Company’s shares in its subsidi...
Shell to Sell its Downstream Sales and Marketing Business in Some Pacific Islands
France >> 7/11/2006 - Royal Dutch Shell plc (Shell) announced today that it has signed Sale and Purchase agreements for the sale of its Downstream sales and marketing businesses in the following Pacific Islands:

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Total to buy Shell’s Marketing Businesses in Fiji and Tonga
France >> 7/11/2006 - Total has signed conditional sale and purchase agreements to acquire the shares and business interests of Shell Fiji Limited in Fiji and the business assets of Shell in Tonga. The agreement covers She...
Saudi Aramco picks Dow Chemical for petchem plant
Saudi Arabia >> 7/10/2006 - Saudi Aramco said it will build a petrochemical plant at Ras Tanura in Saudi Arabia with U.S. chemical maker Dow Chemical Co. "Aramco has chosen Dow Chemical to enter into negotiations with it on a pa...
Schlumberger Acquires Geomechanics Leader TerraTek, Inc.
United States >> 7/5/2006 - Schlumberger announced it has acquired TerraTek, Inc., a global leader in geomechanics measurements and analysis. TerraTek will become the Geomechanics Laboratory Center of Excellence for Schlumberger...
SABIC Increases Its Share to 10% in IBN ZAHR Affiliate
Saudi Arabia >> 7/3/2006 - SABIC completed operational procedures to purchase the Finnish Neste Oil’s 10% share of capital in SABIC affiliate, IBN ZAHR. US$ 120 million, representing the share, has been paid to Neste Oil. The a...
Hertiage Oil sells Congo Interest for Over $28 million
Congo >> 6/7/2006 - eritage Oil Corporation today announced that the Company has entered into an agreement with Afren PLC to sell the entire share capital of Heritage Congo Limited, which holds the Company’s interests in...
Wood Group acquires Algerian company, SOMIAS Spa
Algeria >> 6/1/2006 - Wood Group PLC has acquired SOMIAS Spa, a maintenance and fabrication support provider serving the Algerian oil & gas and petrochemical industries. Wood Group will hold a 55% share and GroupeAsmidal,...
Tethys Oil Closes Oman Transaction
Oman >> 5/27/2006 - Tethys Oil has closed the previously announced transaction whereby the Company has acquired a 40% interest in Block 15 onshore Oman. Block 15 contains two discovery wells and estimated oil in-place of...
Petrobras Participates in an Oil Exploration Consortium in Angola
Angola >> 5/24/2006 - Sonangol has communicated Petrobras' participation (30%, as the operator) in the consortium formed by Sonangol Sinopec International - SSI (40%), Sonangol P&P (20%), Falcon Oil (5%), and the Gema Grou...
Shell Canada Acquires 92.8% of BlackRock Ventures
Canada >> 5/16/2006 - Shell Canada Limited announced today that approximately 99,778,511 common shares of BlackRock Ventures Inc. (TSX:BVI) have been validly deposited to the offer by BR Oil Sands Corporation, a wholly-own...

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