Oil & Gas Companies News

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...
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...
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). ...
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...
Deep Casing Tools Continues Growth in ME & Asia
United Arab Emirates >> 1/21/2015 - Deep Casing Tools is pleased to announce the establishment of new branch office in the Jebel Ali Free Zone (JAFZA) area in the United Arab Emirates. Local sales and operational services have contribu...
Acteon Creates Clarus Subsea Integrity As a New Group Company
United Arab Emirates >> 1/20/2015 - Acteon has announced the start-up of Clarus Subsea Integrity Inc., a new Group company created from 2H Offshore's subsea integrity business segment. Based in Houston, USA, the new company will commenc...
LyondellBasell Announces Expanded Roles for 3 Senior Executives
United States >> 1/20/2015 - LyondellBasell announced that three senior executives – Timothy D. Roberts, Patrick D. Quarles and Kevin W. Brown – have all assumed expanded roles within the Company. The changes, which are effectiv...
BP Statement on Phase 2 Decision in Gulf Oil Spill Trial
United States >> 1/15/2015 - The United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source ...
AVEVA Opens New Office in Saudi Arabia
Saudi Arabia >> 1/14/2015 - AVEVA opened its new office in the Kingdom of Saudi Arabia. The new office strengthens its presence in the Middle East and further enhances its growing global network. The office will offer sales and ...
Set up of CAASE and Provisional Ban
Brazil >> 12/29/2014 - Petrobras announces that its Executive Board approved the set up of Committees to Analyze the Application of Sanctions (CAASE) and the provisional ban of companies comprising the business groups cited...
Expansion of the Work of the Independent Law Firms
Brazil >> 12/29/2014 - Petrobras hereby updates the market regarding the independent internal investigations into “Lava Jato Operation”. ...

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