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Oil Field Services News

SOCO Received Presidential Decree for Block 5, Congo
Congo, Democratic Republic (Zaire) >> 6/28/2010 - SOCO International plc has been informed by its wholly owned subsidiary SOCO Exploration Production DRC SPRL that the Production Sharing Agreement for Block 5 in the Albertine Graben area of the Democ...
Congo President Strips Tullow of Oil Licenses
Congo, Democratic Republic (Zaire) >> 6/25/2010 - Congo's government refused to ratify Tullow Oil PLC's licenses for two key oil-exploration block deals and awarded them to companies owned by a relative of South Africa's president. ...
Tethys Oil Provides Operational Update in Oman
Oman >> 6/24/2010 - Tethys Oil provides an operational update in Oman. The Farha South-3 well, on Block 3 onshore Oman, is gearing up to begin production from the Barik formation. Under the Early production system now b...
Tethys Petroleum: Initial Results From AKD02 Well
Kazakhstan >> 6/23/2010 - Tethys Petroleum Limited announced the initial results from the AKD02 (Doris) appraisal well on the Akkulka Block in Kazakhstan. Based on the interpretation of wireline logs and core data, oil has bee...
PetroNeft Updates Operations on Licences 61 and 67
Russia >> 6/23/2010 - PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations. ...
Nigeria May Hold Oil Licensing Round in Aug-Source
Nigeria >> 6/23/2010 - Nigeria may hold an oil licensing round in August subject to approval by President Goodluck Jonathan, a presidential source said, in a move that could help fund a growing budget deficit and increase C...
Algeria to Hold Bid Round This Year
Algeria >> 6/23/2010 - The new team overseeing Algeria's energy industry will go ahead with an oil and gas licensing round this year, broadly sticking to a plan set out by their predecessors, an energy official said. ...
Kazakhstan Mulls $20/Tonne Oil Export Duty
Kazakhstan >> 6/22/2010 - Kazakhstan is considering the introduction of a $20 per tonne export duty on crude oil, Finance Minister Bolat Zhamishev said. ...
Pertamina Acquires Stake in Semai II Off Indonesia
Indonesia >> 6/22/2010 - Pertamina signed an agreement to acquire a 15% stake in the offshore Semai II oil and gas block in Indonesia's Papua province, reported Dow Jones. Pertamina bought a 5% stake each from the three share...
Kazakhstan Says Chevron Venture Over-Producing Oil
Kazakhstan >> 6/21/2010 - Kazakhstan's oil and gas minister said the Chevron-led Tengizchevroil venture had produced more crude than agreed and that the owners might need to pay extra into the state budget as a result. ...
Coastal Results of 1st 3 Bua Ban Development Wells
Thailand >> 6/21/2010 - Coastal Energy Company, an independent exploration and production company with assets in Thailand, announces the log results of the Bua Ban A-01, A-02 and A-05 development wells in the Gulf of Thailan...
Roxi Provides Reserves Upgrade & Operations Update
Kazakhstan >> 6/18/2010 - Roxi Petroleum, the Central Asian oil and Gas Company with a focus on Kazakhstan, announces the following reserves update following its first reserve report: ...
Roxi Provides Reserves Upgrade & Operations Update
Kazakhstan >> 6/18/2010 - Roxi Petroleum, the Central Asian oil and Gas Company with a focus on Kazakhstan, announces the following reserves update following its first reserve report: ...
Russia's Kovykta Licence Likely to Go to State
Russia >> 6/18/2010 - Russia's natural resources minister Yuri Trutnev said TNK-BP's licence to develop the giant Kovykta gas field will "most likely" be handed over to the state. ...
Energulf Updates Block 1711 Offshore Namibia
Namibia >> 6/17/2010 - EnerGulf Resources Inc is pleased to announce that the Operating Committee for Block 1711 met in Windhoek, Namibia and has approved a “Work Program” for Year 1 of the Exploration License renewal. The ...
TNK-BP to Develop the Next Step in Uvat Project
Russia >> 6/16/2010 - Development of Protozanovkoye and Kosukhinskoye in Central Uvat will be the next step in the implementation of the Uvat project. This statement was made by Alexander Prokhorov, Deputy General Director...
TNK-BP to Boost Output at Sorochinskneft Fields
Russia >> 6/15/2010 - TNK-BP’s Sorochinskneft oil and gas production unit performed well interventions on 7 wells in the Tokskoe field during May 2010 to equalize the injectivity profile, with an anticipated increase of ar...
Oilex JV to Relinquish Oman Block 56
Oman >> 6/15/2010 - Oilex Ltd advises that the Joint Venture covering onshore Block 56 in Oman (Oilex 25% interest and operator) has given notice of its intention to relinquish the entire Block 56 Contract Area following...
Exillon Provides Reserve and Production Update
Russia >> 6/14/2010 - Exillon Energy plc, an independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”) is pleased to announce a reserves a...
Far East Energy Increase Shouyang Gas Production
China >> 6/11/2010 - Far East Energy Corporation announced that gas production from its Shouyang Block in Shanxi Province, China, has surpassed 750 Mcf per day. After drilling additional wells and a successful 11-well fra...

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