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Russia's Tatneft Unsure of Return to Libya
Libya >> 5/14/2012 - Russian oil producer Tatneft said on Monday it was not sure whether it would be able to resume operations in Libya, more than a year after it left the country following the outbreak of a violent upris...
Eni Probe Will not Stall Kazakh Oil Project
Eni Probe Will not Stall Kazakh Oil Project Kazakhstan >> 5/11/2012 - Kazakhstan will develop its massive Kashagan oilfield regardless of an Italian investigation into the business activities of key consortium partner Eni in the former Soviet republic, a Kazakh Oil and ...
Prosecutors Seek Curbs on Eni's Kazakh Unit
Prosecutors Seek Curbs on Eni's Kazakh Unit Kazakhstan >> 5/10/2012 - Italian prosecutors investigating Eni for suspected international corruption are threatening to hamper or even stop its activities in Kazakhstan, a judicial source said, where it operates the biggest ...
Kuwait National Oil Firm Pulls Ithaca Energy Bid
Kuwait >> 5/6/2012 - Kuwait's national oil company has walked away from takeover talks with North Sea-focused oil and gas explorer Ithaca Energy , a Kuwaiti daily reported. Kuwait Foreign Petroleum Exploration, the intern...
Egypt's Citadel Capital Narrows Loss in 2011
Egypt >> 5/3/2012 - Egyptian private equity firm Citadel Capital said on Thursday it had narrowed its net loss in 2011 after reducing the size of writedowns of underperforming assets. Its consolidated net loss decreased ...
Gazprom & Japanese Discuss Gas Supplies Buildup
Russia >> 5/3/2012 - The Gazprom Export headquarters hosted a working meeting of Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Director General of Gazprom Export with a parliamentary delegation ...
Rosneft Net Profit Up 55.6% in Q1 2012
Rosneft Net Profit Up 55.6% in Q1 2012 Russia >> 5/2/2012 - Rosneft publishes its consolidated IFRS financial statements for Q1 2012. Q1 2012 sales revenue was RUB 748 billion, matching the level in Q4 2011. This represents a 27% increase on Q1 2011. Revenue w...
Transglobe Sign PSA to Acquire Shares in Egypt
Egypt >> 5/1/2012 - TransGlobe Energy Corporation (TransGlobe) announces the signing of a Share Purchase Agreement (SPA) with two United States based energy companies (Vendors) to acquire the shares of their direct and i...
Sea Dragon Extended the Closing of Acquisition of NPC
Egypt >> 4/30/2012 - Sea Dragon Energy Inc. (Sea Dragon) and Golden Crescent Investments Ltd. (Golden Crescent) have reached a non-binding understanding to extend the date by which Sea Dragon shall be required to complete...
Libya's Gaddafi-Era Oil Chief Found Floating Dead
Libya's Gaddafi-Era Oil Chief Found Floating Dead Libya >> 4/29/2012 - Libya's former top oil industry official, Shokri Ghanem, has been found floating dead in the River Danube in Austria, police said. Ghanem, 69, had been chairman of Libya's state-owned National Oil Cor...
Gazprom and CNPC Discuss Oil & Gas Supplies to China
Gazprom and CNPC Discuss Oil & Gas Supplies to China Russia >> 4/27/2012 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Jiang Jiemin, Chairman of the China National Petroleum Corporation (CNPC) Bo...
Extensive Presence of China companies in Iran Oil Show
Iran >> 4/22/2012 - The visiting marketing manager of the SINOSTEEL Company, Huang Xiang described the ongoing Iran Oil Show as impressive event in oil industry, which has created expanding market opportunities.

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KMG EP Completes The Sale of Kazakhstan Petrochemical Industries
KMG EP Completes The Sale of Kazakhstan Petrochemical Industries Kazakhstan >> 4/19/2012 - JSC KazMunaiGas Exploration Production announces the closing of the transaction to sell a 51% stake in the LLP Kazakhstan Petrochemical Industries Inc. that operates the construction of the first inte...
1255 Firms Participate in Iran Oil Show
Iran >> 4/17/2012 - 1,255 domestic and foreign companies from 44 countries taking part in Iran's 17th International Oil, Gas, Refining and Petrochemical Exhibition, the director of the Exhibition, Eshaq Rouyvar announced...
Gazprom and NOVATEK Promoting Cooperation
Gazprom and NOVATEK Promoting Cooperation Russia >> 4/16/2012 - Gazprom and NOVATEK have signed a Memorandum of Cooperation, according to which they address possible establishment of joint ventures to build up integrated capacities on liquefied natural gas (LNG) p...
Rosneft & ExxonMobil Sign Strategic Cooperation Agreement
Rosneft & ExxonMobil Sign Strategic Cooperation Agreement Russia >> 4/16/2012 - Rosneft and ExxonMobil signed agreements to implement a long-term Strategic Cooperation Agreement concluded in August 2011 to jointly explore for and develop oil and natural gas in Russia and to share...
SOCAR to Sign Gas Agreement with BP in 2012
SOCAR to Sign Gas Agreement with BP in 2012 Azerbaijan >> 4/10/2012 - Azeri state energy company SOCAR will sign a production-sharing agreement with British oil major BP and other companies on the Azeri-Chirag-Guneshli (ACG) fields before the end of this year. ...
Strategic Alliance between AMPN & Sinopec
China >> 4/9/2012 - Aegean Marine Petroleum Network Inc. announced that it signed a Memorandum of Understanding to establish a strategic alliance with China Changjiang Bunker (Sinopec) Co. Ltd. (CCBC), a Chinese state-ow...
US SEC Probes Eni, Total on Libya Operations-Filings
Libya >> 4/5/2012 - The U.S. Securities and Exchange Commission has sent formal requests to Italy's Eni SpA (E) and France's Total SA (TOT) related to the companies' Libyan businesses, the companies disclosed in regulato...
Anadarko Given Final Approval of Algeria Tax Agreement
Algeria >> 4/2/2012 - Anadarko Petroleum Corporation announced the Algerian government has given final approval to an amendment to Anadarko's production sharing agreement (PSA) with Sonatrach, pursuant to the previously an...

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