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Oil & Gas Companies News

HYD Announces 2nd Extension of MOU with Guinea
Guinea >> 3/19/2010 - Hyperdynamics Corporation announced that it has agreed in writing with the government of the Republic of Guinea to extend for an additional five working days their Memorandum of Understanding (MOU). ...
Otto to Update Turkey Exploration & Development
Turkey >> 3/19/2010 - Otto Energy Limited is pleased to advise that the construction of the Edirne Gas Plant System has been completed. Gas sales will commence following completion by BOTAS, the state-owned pipelines and ...
South Korea National Oil Firm Eyes Ghana's Jubilee
Ghana >> 3/19/2010 - South Korea's national oil company is interested in buying a stake in Ghana's giant Jubilee oil field, the Korean firm and Ghana's state oil agency said. ...
ONGC Signs MOU for 2010-11; Targets 27 MMT
India >> 3/19/2010 - ONGC has signed Memorandum of Understanding with Ministry of Petroleum & Natural Gas for production and various other parameters for the year 2010-11. The MoU was signed by CMD Mr. R.S. Sharma on beha...
Zhaikmunai LP Provides Update on Its Operations
Kazakhstan >> 3/17/2010 - Zhaikmunai LP provides an update on its operations for the period from 30 September to 31 December 2009. Preliminary results for the year ended 31 December 2009 will be published on 31 March 2010. ...
China North Announced Tiancheng Drilling Results
China >> 3/17/2010 - China North East Petroleum Holdings Ltd., an oil producing and oilfield services company in Northern China, announced preliminary fourth quarter and full year oil production results and fourth quarte...
Total Eyes Congo Jv With Tullow Oil
Congo, Democratic Republic (Zaire) >> 3/16/2010 - France's Total wants to explore for oil in eastern Democratic Republic of Congo with Britain's Tullow Oil, a company official said, potentially boosting the latter's bid for key blocks there. ...
Perenco Signs Production Contract with Cameroon    
Cameroon >> 3/15/2010 - Perenco S.A. Chairman and the Executive General Manager of the National Hydrocarbons Corporation (NHC), Mister Adolphe Moudiki, have signed, on 11 March 2010 in Yaounde, a Production Sharing Contract ...
CNOOC Established JV with Bridas Energy
China >> 3/14/2010 - CNOOC Limited announces that the Company, proposes to form a 50%/50% joint venture with Bridas Energy Holdings Ltd (“BEH”) in Bridas Corporation ("Bridas" or the “JVCo”) for a consideration of approxi...
Hyperdynamics to Extend MOU with Govt of Guinea
Guinea >> 3/11/2010 - Hyperdynamics Corporation announced that the Memorandum of Understanding (MOU) with the government of the Republic of Guinea has been extended by five working days to allow the government to complete ...
Uganda to Announce Decision on Oil Deals by April
Uganda >> 3/10/2010 - Uganda will deliver its decision on UK explorer Tullow Oil's purchase of Heritage Oil's assets in the country by April, a top energy official said. ...
Tullow Nears Uganda Deal With CNOOC, TOTAL
Uganda >> 3/10/2010 - Tullow Oil Plc said it had agreed a framework deal with China's CNOOC and French oil major Total that would see the companies become equal partners in three Ugandan oil blocks. ...
Ugandan Bourse May Exclude Tullow Oil From Index
Uganda >> 3/9/2010 - Uganda's budding bourse may exclude Britain's Tullow Oil from its all-share index because the firm's shares could distort views of the market's performance, a top bourse official said. ...
Key Energy Services Enters M.E Market and Forms JV
United Arab Emirates >> 3/8/2010 - Key Energy Services, Inc. has formed a joint venture with AlMansoori Specialized Engineering of Abu Dhabi, United Arab Emirates. The new joint venture, AlMansoori-Key Energy Services L.L.C., will be h...
Sea Dragon to Sign Alliance Agreement with Tanmia
Egypt >> 3/8/2010 - Sea Dragon Energy Inc. is pleased to announce it has entered into an Alliance Agreement with Tanmia Petroleum Company (“TPC”), an company incorporated in Egypt and owned one hundred percent by the Egy...
Russneft to Build Up Oil Production in Tomsk by 40%
Russia >> 3/4/2010 - RussNeft is planning to produce in 2010, 333 thousand tons of oil which exceeds the analogous determinant of 2009 (197.9 thousand tons) by 40%. The growth of hydrocarbons production will be reached th...
RAK Petroleum Buys 30 Pct Tunisia Field Stake
Tunisia >> 3/1/2010 - The UAE's RAK Petroleum has signed an agreement to acquire a 30 percent stake in a Tunisian offshore oilfield, a company statement said. ...
Caspian Pursuing New Joint Venture Partner
Kyrgyzstan >> 2/27/2010 - Caspian Oil & Gas Limited is actively pursuing a new joint venture partner for its Kyrgyz Republic licences following Santos International Operations Limited’s (Santos’s) decision against entering int...
Iraq Talks With Shell Prolonged, Continue-Official
Iraq >> 2/26/2010 - Talks between Iraq and Royal Dutch Shell on a natural gas deal near the southern oil hub of Basra are taking longer than expected but still ongoing, a senior Iraqi oil official said. ...
Gazprom to Control Russia's New Gas Firm
Russia >> 2/25/2010 - Russia's Gazprom might control a new gas company to be created out of three already existing firms, the daily Kommersant reported. Gazprom would have a 51 percent stake in the company, while the rest ...

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