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Oil & Gas Companies News

Andes Energia Provides Operational Update
Colombia >> 2/19/2015 - The Board of Andes is pleased to provide an update on the Company´s operating performance. Several activities have been carried out over recent months in order to develop the acreage, increase current...
Kea Petroleum to Launch Review of Its Strategic Options
New Zealand >> 2/17/2015 - Kea Petroleum is launching a review of the strategic options open to the Company with the intention of considering all opportunities for maximizing value for shareholders. Accordingly, the Company is ...
PGS Wins Patent Dispute with EMGS
Norway >> 2/16/2015 - Petroleum Geo-Services ASA announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA ('EMGS') against PGS for...
COSL Received Endorsement for Proactivity in Corporate Social Responsibility
China >> 2/16/2015 - Zhanjiang operating company of shipping division of China Oilfield Services Limited (COSL) was recently named an “Advanced Social Rescue Force Unit” by a rescue sub-branch under Sanya City Government ...
Peru to Review Pluspetrol Contract after Deadly Protests
Argentina >> 2/12/2015 - Peru will evaluate a natural gas contract it signed with Pluspetrol in 2005 and is asking the Argentine company to leave a restive Amazonian town following deadly protests there, the government said. ...
New Import Substitution Department Launched at Gazprom Neft
Russia >> 2/11/2015 - A new department focusing on technological partnerships and import substitution has been established within Gazprom Neft. The core objective of this new department will be the consistent and ongoing m...
CNPC & CASIC Sign Strategic Cooperation Framework Agreement
China >> 2/9/2015 - A strategic cooperation framework agreement was signed between CNPC and China Aerospace Science & Industry Corporation (CASIC) in Beijing. CNPC President Liao Yongyuan and CASIC President Cao Jianguo ...
Sembcorp Named ‘Top 10 Successful Asean Companies In China’
China >> 2/5/2015 - Sembcorp Industries (Sembcorp) is pleased to announce that it has been conferred the ‘Top 10 Successful ASEAN Companies in China’ award by the China-ASEAN Business Council (CABC), a testament to the c...
S&P Downgrades Oil Producer Afren
Nigeria >> 2/4/2015 - Standard & Poor's downgraded Afren Plc on Wednesday, becoming the second major ratings agency to warn of the oil producer's imminent default. ...
Venezuela Arrests PDVSA Oil Executive on Corruption Charges
Venezuela >> 2/3/2015 - Venezuela has arrested state oil company PDVSA's production boss for the oil-heavy western part of the country on corruption charges, a week after arresting an oil ministry employee, reported to be hi...
Quantum Forms Rio Oil and Gas II, LLC
United States >> 2/3/2015 - Quantum Energy Partners (“Quantum”) is pleased to announce the formation of Rio Oil and Gas II, LLC (“Rio II” or the “Company”) together with its founders, Alan Clemens (“Clemens”), Stacey Cude (“Cude...
Sonde Resources Corp. Files for Bankruptcy
Canada >> 2/2/2015 - Sonde Resources Corp has filed a voluntary assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). In conjunction with this filing, FTI Consulting Canada Inc...
Iraq Declares the Establishment of Two Companies
Iraq Declares the Establishment of Two Companies Iraq >> 2/1/2015 - Mr. Adil Abd Al-Mahdi the minister of oil declared for the approval of the body of opinion in the ministry of oil to establish the oil services company and the crude oil pipelines Company. ...
Iraq Declares the Establishment of Dhi Qar Company
Iraq Declares the Establishment of Dhi Qar Company Iraq >> 2/1/2015 - Mr. Adil Abd Al-Mahdi the minister of oil met with the project manager of C.M.I Finnish Organization Mr. Sana Kaskitalo and the chief advisor of the organization Mr. Alikaho Sitalo in addition to many...
Brazilian Court Freezes Assets of Former Petrobras CEO Gabrielli
Brazil >> 1/29/2015 - A Brazilian state court froze the assets of former Petrobras Chief Executive Officer Jose Sergio Gabrielli amid an investigation of graft and money-laundering in the government-run oil producer's cont...
BP Cuts 255 Jobs in Azerbaijan & Remains Committed to Region
Azerbaijan >> 1/27/2015 - British oil major BP said it had cut 255 jobs, or around 8 percent of its workforce in Azerbaijan as it trims costs in response to the "challenging market environment". Crude prices have more than hal...
Eni Successfully Launched Fixed Rate Bond
Italy >> 1/27/2015 - Eni successfully launched a fixed rate bond issue for a notional amount of Euro 1 billion. The transaction was placed in the international Eurobond market. The bond has a 11 year maturity and pays a f...
Issuance of Shares & Grant of Options Under the LTSIP
Ireland >> 1/23/2015 - Tethys Petroleum Limited announces the issuance of shares and the grant of options under the Company's Long-Term Share Incentive Plan (LTSIP). ...
Chevron's Jack and St. Malo Fields Reach First Oil with OneSubsea Technologies
United States >> 1/23/2015 - Chevron Corporation announced last month it had achieved first oil from the Jack and St. Malo fields in the Gulf of Mexico. OneSubsea®, a Cameron and Schlumberger company, supplied the subsea producti...
Marubeni Wins “The RobecoSAM Industry Leader 2015”
Japan >> 1/21/2015 - Marubeni Corporation has been awarded the "RobecoSAM Industry Leader 2015" (a distinction given to only 59 companies, including four Japanese companies) and the "RobecoSAM Gold Class 2015" (a distinct...

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