Oil & Gas Companies News

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...
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...
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...
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 ...
Adaptation of aAgreements Between Gaz de France and Dana Petroleum
Algeria >> 3/30/2006 - The agreements signed in November 2005 between Gaz de France and Dana Petroleum have been revised. These agreements included both the transfer of Gaz de France's interests in the Touat's permit in Alg...
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...
Mediterranean Oil & Gas Acquires 25% Interest in Medjerda Block in Northern Tunisia
Tunisia >> 3/29/2006 - The Board of Mediterranean Oil & Gas Plc announce that the Company’s wholly owned subsidiary Malta Oil Ltd has entered into an agreement to acquire a 25% interest in the Medjerda Block petroleum licen...
SABIC Increases Its Stake in IBN ZAHR to 80%
Saudi Arabia >> 3/28/2006 - Saudi Basic Industries Corporation (SABIC) signed an agreement to purchase NESTE Oil's 10% stake in the Saudi European Petrochemical Company (IBN ZAHR). Following the transaction, SABIC will own 80% o...
ExxonMobil Signs Agreements for Upper Zakum Oil Field Participation
United Arab Emirates >> 3/27/2006 - Exxon Mobil Corporation and subsidiaries have signed agreements with Abu Dhabi National Oil Company (ADNOC) through which ExxonMobil Abu Dhabi Offshore Petroleum Company Limited (EMAD) receives a 28 p...
Restatement of Historical Results following 2006 Resegmentation
Malaysia >> 3/20/2006 - Following the launch of BP Alternative Energy in November 2005 and the sale of Innovene to INEOS in December 2005, certain assets have been transferred between segments to reflect the operational stru...
Equator Acquires Interest In Block 2 Of Nigeria-Sao Tomé JDZ
Nigeria >> 3/17/2006 - Equator has together with its co-venturers signed a Production Sharing Contract with the Nigeria/Sao Tomé and Principe Joint Development Authority ("JDA"). A 15% interest in the highly sought after JD...
OMV Closes Sale of E&P Assets in Qatar
Qatar >> 3/8/2006 - The Qatar assets had been acquired by OMV in 2003, as part of the acquisition of the international E&P portfolio of Preussag Energie International GmbH. They comprise non-operated working interests of...
Wood Group Awarded BP's Tangguh Gas Processing Facilities Project in Eastern Indonesia
Indonesia >> 3/2/2006 - PT. Wood Group Indonesia, part of John Wood Group PLC, has been awarded the project and construction management support services contract by BP for the Tangguh Gas Processing Facilities in Papua, in t...
Middle East Petrochemical Industry Breaks New Ground With the Launch of The GPCA
Saudi Arabia >> 3/1/2006 - A Memorandum of Understanding has recently been signed by the founding members of the Gulf Petrochemicals and Chemicals Association (GPCA), thus creating the first voluntary, non-profit association of...

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