Oil & Gas Companies News

New Subsea Technologies to Maximize Efficiency for South China Sea Gas Development
New Subsea Technologies to Maximize Efficiency for South China Sea Gas Development China >> 4/6/2015 - Chinese operator CNOOC Ltd is still weighing on options to develop its self-financed deepwater gas field Lingshui 17-2 in the western part of the South China Sea. ...
Cygam Announces Bankruptcy Filing and Corporate Update
Canada >> 4/2/2015 - Cygam Energy Inc has filed a voluntary assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). In conjunction with this filing, Hardie and Kelly Inc. has bee...
On the Dispute Settlement with Yukos Group of Companies
Russia >> 4/1/2015 - Rosneft and a group of its subsidiaries including Samaraneftegaz, Tomskneft and Angarsk Petrochemical Company reached a dispute disposition agreement with Yukos Finance B.V., Yukos Capital sarl, Stich...
Pemex Battles Fire at the Abkatun Permanente Platform
Mexico >> 4/1/2015 - Early this morning the dehydration and pumping area caught fire in the Permanent Abkatun platform in the Bay of Campeche. ...
Petrobras Approved to Sale Austral Basin Assets to CGC
Argentina >> 3/31/2015 - Petrobras announces that the Board of Directors of Petrobras Argentina (PESA) has approved to dispose of all of its assets located in the Austral Basin, in the Santa Cruz province, for US$ 101 million...
Peru's State Oil Company Says Scraps Plan for 2015 Share Offer
Peru >> 3/30/2015 - Peru's state-owned energy company Petroperu will not go through with a previously announced plan to sell shares on the local stock market this year, the firm's president German Velasquez told reporter...
Resolute Energy Agreed to Sale Non-Core Assets
United States >> 3/30/2015 - Resolute Energy Corporation has entered into a definitive agreement to sell certain non-core assets in the Midland Basin portion of the Permian Basin in west Texas. ...
Canada's Oil Industry to Lose Money and Jobs in 2015
Canada >> 3/25/2015 - The collapse of oil prices in the second half of 2014 will take a bite out of the Canadian oil industry's finances. Revenues are expected to fall by 37 per cent and the industry will post a pre-tax lo...
Mexico's First Oil Tender to Feature Extended Exploration Period
Mexico >> 3/25/2015 - As Mexico opens up its oil sector to private producers for the first time in decades, the initial set of contracts up for grabs later this year will feature extended exploration periods, the country's...
12th Africa Independents Forum 2015
United Kingdom >> 3/25/2015 - Global Pacific & Partners and GPP Energy Advisors Limited, the Board and Senior Partners of the firm, Duncan Clarke, Chairman, and Chief Executive Babette van Gessel, are pleased to announce the 50.1%...
Oil & Gas Thailand 2015 and Petrochemical Asia 2015
Oil & Gas Thailand 2015 and Petrochemical Asia 2015 Thailand >> 3/22/2015 - The mega petroleum expo featuring: The 5th edition of Oil & Gas Thailand (OGET) 2015 and Petrochemical Asia 2015, is the only specialized oil & gas technology and petrochemical technology event in Tha...
Sakhalin Won ’the Russian Union of Industrialists & Entrepreneurs’ Award
Russia >> 3/20/2015 - Sakhalin Energy won the Russian Union of Industrialists and Entrepreneurs’ award "The Russian Business Leaders: Dynamics and Responsibility – 2014" in the main nomination "High Social Responsibility o...
SBM Offshore Agrees to Cooperate in Probe of Petrobras Graft
Brazil >> 3/18/2015 - SBM Offshore NV signed a memorandum of understanding to cooperate with Brazilian authorities investigating companies for corrupt contracts with state-run Petroleo Brasileiro SA. ...
Brazil Securities Regulator Fines Tycoon Batista $432,000
Brazil >> 3/18/2015 - Brazil's securities regulator fined former billionaire Eike Batista 1.4 million reais ($432,000) for failing to promptly let investors know about a takeover and the delisting of parts of his once-gian...
Serica to Voluntarily Delist from Toronto Stock Exchange
United Kingdom >> 3/17/2015 - Serica Energy plc has applied for voluntary delisting of its ordinary shares from the Toronto Stock Exchange (the "TSX"). Serica's shares are currently listed for trading on the TSX and the AIM market...
Nexen to Cut 400 Jobs in North America & UK
United States >> 3/17/2015 - Nexen Energy ULC (Nexen), a wholly-owned subsidiary of CNOOC Limited, has announced organizational changes that will reduce its North American workforce by approximately 340 employees. Nexen UK has al...
Ecopetrol to Examine Options for Campo Rubiales Field
Colombia >> 3/17/2015 - Colombia will examine the best financial and production options for running the nation's largest oil field after state-owned Ecopetrol declined to extend Canada-based Pacific Rubiales' contract to ope...
Pacific and Ecopetrol decide not to extend Rubiales Field Contract
Colombia >> 3/13/2015 - Pacific Rubiales Energy Corp. and Ecopetrol, S.A. announced that they have agreed not to extend the Rubiales and Pirir? Field Association Contracts, expiring in June 2016. Ecopetrol will evaluate diff...
Jiangsu Rudong JV Pipeline Company Limited Established
China >> 3/12/2015 - On March 9, the Jiangsu Rudong JV Pipeline Company was officially established in Shanghai by PetroChina, Shenergy (Group) Company Limited and Yangkou Port Company Limited, with each holding a share of...
Horn Petroleum to Become Africa Energy Corp in New Strategy
Canada >> 3/11/2015 - Horn Petroleum Corporation (Horn) has invoked a new corporate strategy to take advantage of the current downturn in oil prices and intends to aggressively pursue onshore and shallow-water upstream oil...

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