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Oil & Gas Companies News

Zhaikmunai LP Final Results 2009
Kazakhstan >> 4/9/2010 - Zhaikmunai LP, the oil and gas exploration, development and production company with assets in north-western Kazakhstan, announces its audited results for the year ended 31st December 2009. ...
Dragon Provides Update on Crude Oil Swap Agreement
United Arab Emirates >> 4/8/2010 - Since the commencement of the PSA, Dragon Oil has been marketing the majority of its entitlement barrels through a crude oil swap agreement with a subsidiary of the National Iranian Oil Company, Nafti...
SOCAR Signed Agreements with Vietnam
Azerbaijan >> 4/8/2010 - On April 8, SOCAR management met with the delegation headed by Hoang Chung Hai, Deputy Prime Minister of Vietnam Socialist Republic having business visit to Azerbaijan at the Company’s Head Office. ...
KenolKobil Posts Impressive Results for 2009
Kenya >> 4/7/2010 - Results
For the first time, the Group is reporting a full calendar year, Jan – Dec. 2009 (12 months), including its Subsidiary Kobil Petroleum Limited. ...
Uganda Supports Heritage’s Sale of Its Interests
Uganda >> 4/7/2010 - Heritage Oil Plc, an independent upstream exploration and production company, issues an update on the proposed disposal of the Company’s entire interests in Block 1 and Block 3A (“the Disposed Assets”...
Rialto Energy to Aquire Interest in Ghana
Ghana >> 4/6/2010 - Rialto Energy Limited is pleased to announce that an affiliate of our International Joint Venture partner, Challenger Minerals Inc. (“CMI”), has been awarded an interest in the Accra Petroleum Agreeme...
Pacific Asia to Acquire Oyo Oil Field Interest
Nigeria >> 4/5/2010 - Pacific Asia Petroleum, Inc., a U.S.-based energy company engaged in the development, production and distribution of oil and gas, today announced that the Company’s shareholders voted to approve the a...
KBR Acquires Energo Engineering
United States >> 4/5/2010 - KBR announced that it has acquired Houston-based Energo Engineering. Energo provides Integrity Management (IM) and advanced structural engineering services to the offshore oil and gas industry. Energo...
TNK-BP to Acquire Two Companies in Orenburg Region
Russia >> 4/2/2010 - TNK-BP announced that Orenburgneft, one of the key subsidiaries of the Group, completed the acquisition of LLC “Universitet-nedra” and LLC “Klyuchi” which hold licences for geological study, explorati...
CNOOC Production Growth & Exploration Results of 09
China >> 3/31/2010 - CNOOC Limited announced its annual results for the 12 months ended December 31, 2009. In 2009, the Company’s net production reached 227.7 million (mm) barrels of oil equivalent (BOE) with a year-over-...
Statoil and Exxonmobil Join Forces in Tanzania
Tanzania >> 3/31/2010 - Statoil has signed an agreement with an affiliate of ExxonMobil to transfer 35% of its interest in Statoil operated Block 2 in Tanzania. Statoil now holds 65% interest in the 11,099 square kilometres ...
COSL Announces 2009 Annual Results
China >> 3/30/2010 - China Oilfield Services Limited, the leading integrated oilfield services provider in the offshore China market, announced its annual results for the year ended 31 December 2009. ...
Sinopec Gets Upstream Foothold with $2.5 bn Deal
Angola >> 3/28/2010 - Sinopec, Asia's top oil refiner, will buy a stake in upstream assets in Angola for $2.46 billion and said it wanted more such deals, which could shield it from high oil prices that hit margins in the ...
Gasol Provides Strategic Review Update in Guinea
Guinea >> 3/28/2010 - On 11th December 2009, Gasol announced that it had decided to undertake a review of the strategy of the Company. The review, being conducted in conjunction with Gasol’s largest shareholder African Gas...
AEI Integrates 2 Companies to Form Huatong in China
China >> 3/26/2010 - AEI has announced that it has increased its ownership in Beijing Macrolink Gas (BMG) and will integrate both BMG and Tongda Energy Private Limited under a single company, Huatong (Shanghai) Investment...
Sistema Signs Agreement to Acquire 49% In Russneft
Russia >> 3/26/2010 - Sistema, the largest diversified public financial corporation in Russia and the CIS, which invests in and is a major shareholder of companies operating in different industries, today announced that it...
Russnet to Ensure 2% Increase in Oil Production
Russia >> 3/25/2010 - In 2010 OAO NK “Russneft” will ensure oil production at the territory of Udmurt Republic in the volume not less than 3.75 mln. tons, that exceeds the analogous figure for the year 2009 by 2%. It is sa...
Artumas Signs Letter Of Intent With Strategic Partner
Tanzania >> 3/25/2010 - Artumas Group, Inc. confirmed that it has entered exclusive and confidential negotiations with Wentworth Resources Limited and it is expecting that a business combination of the two companies will con...
PetroChina Maintained Production and Operations
China >> 3/25/2010 - PetroChina Company Limited announced that, as of 31 December, 2009, the Company recorded net profit attributable to the owners of the Company of RMB103.39 billion, representing a decrease of 9.7% when...
Conocophillips Plans to Increase Shareholder Value
United States >> 3/24/2010 - ConocoPhillips announced plans to increase shareholder value at its annual analyst meeting in New York. New information was provided regarding: asset sales; debt reduction; returns enhancement; growth...

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