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Oil & Gas Companies News

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...
BP to Market For Sale Dutch E&P and Gas Infrastructure Business
Netherlands/Holland >> 5/9/2006 - BP Announced that it intends to market for sale its exploration and production (E&P) and gas infrastructure business in the Netherlands, comprising its onshore and offshore production assets and its P...
Shell Planning to Open up Some 20 Billion Boe of Resources by the End of the Decade
United Kingdom >> 5/4/2006 - Royal Dutch Shell plc updated on its strategy today. Chief Executive Jeroen van der Veer commented “our strategy of ‘more upstream, profitable downstream’ is on track. “Upstream, we are committed to i...
Centurion Closes Land Acquisition in Egypt
Egypt >> 5/3/2006 - Centurion Energy International Inc. has closed its acquisition from CTIP Oil and Gas Limited of a 25% participating interest in the West El Manzala Concession and West El Qantara Concessions, located ...
Aramco Interested in Building Oil Refinary in Indonesia
Indonesia >> 5/2/2006 - Saudi oil company Aramco is interested in building an oil refinery with a capacity of 400,000 barrels a day in Indonesia in cooperation with Indonesia`s state-owned oil company Pertamina. Aramco discl...
Saudi Aramco Eyes New Refinery MoUs by End May
Saudi Arabia >> 5/1/2006 - Saudi Aramco said that it hopes to sign deals with Total and ConocoPhillips for two new refineries in the kingdom by the end of May. The cost of each project was expected to be around $6 billion. The ...
Total Sells Interests in Gaz de Strasbourg and Gaz de Bordeaux
France >> 4/26/2006 - Total has signed two agreements to sell to Caisse des Dépôts et Consignations its 25% interest in Gaz de Strasbourg and its 16% interest in La Société du Gaz de Bordeaux, two local distribution compan...
Saudi Aramco Signs MOU With Sinopec
Saudi Arabia >> 4/23/2006 - Saudi Aramco signed a Memorandum of Understanding (MOU) here Saturday to enhance the strategic commercial partnership between the two companies.In the MOU, Sinopec and Saudi Aramco re-emphasized their...
Teikoku to Withdraw From Exploration Project In Gulf of Suez
Egypt >> 4/19/2006 - TEIKOKU Oil Co., Ltd. has decided to liquidate its 100% subsidiary, TEIKOKU Oil Suez SEJ CO., LTD. The Company has decided to withdraw from the South East July Block in Egypt based on the assessment o...
Addax Petroleum Increases Interest in Jdz Exploration Block
Nigeria >> 4/13/2006 - Addax Petroleum Corporation has increased its participating interest in Block 4 of the Nigeria/Sao Tome and Principe Joint Development Zone (“JDZ”) from 33.3 per cent to 38.3 per cent by acquiring the...
Melrose Proposes Acquisition of Additional Interests in Egypt
Egypt >> 4/13/2006 - Melrose Resources plc has entered into a conditional agreement to acquire the entire common stock of Merlon Petroleum Company for a cash consideration of $265 million. It is intended that the purchase...
APICORP 30th Ordinary Meeting In Qatar
Saudi Arabia >> 4/5/2006 - The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) - held its 30th Ordinary Meeting on Friday 31s...
Award of Block 56 in Oman to Oilex Consortium
Oman >> 3/31/2006 - Oilex NL has advised that the Government of Oman has awarded block 56 to the consortium of Oilex (25% and Operator) and it’s indian partners, Gas Authority of India Limited (25%), Videocon Industries ...
M&P Announces Congo Licence Developments
Congo >> 3/30/2006 - The operator Maurel & Prom has announced in relation to its own, and Burren's, interests in Congo, which is translated below: "On 24 March 2006 the Congolese parliament approved the terms of the La No...

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