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Oil & Gas Companies News

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. ...
Devon to Sell Azeri ACG Stake – SOCAR
Azerbaijan >> 2/25/2010 - Devon Energy intends to sell its stake in the Azeri-Chirag-Gunsheli oil fields, a senior official at Azeri state energy company SOCAR 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 ...
BP Azerbaijan 2009 Full Year Results and 2010 Plans
Azerbaijan >> 2/23/2010 - BP Azerbaijan provides Business Update - 2009 Full Year Results and 2010 Plans. This business update is a joint press release issued by BP Exploration (Caspian Sea) Limited, in its capacity as operato...
Sirius to Acquire Ke Marginal Field Interest
Nigeria >> 2/22/2010 - Sirius Petroleum is pleased to announce that it has entered into an acquisition and joint operating agreement (the “Agreement”) with Del Sigma Petroleum Limited (“Del Sigma”) for development of the Ke...
Cnooc, Sinopec Said to Mull Devon’s Caspian Stake
Azerbaijan >> 2/18/2010 - Cnooc Ltd. and China Petroleum & Chemical Corp. are considering bidding for a Devon Energy Corp. stake in an Azerbaijan oil field that may fetch as much as $3 billion, said two people with knowledge o...
Keystone Concludes Settlement Agreement With BG
Algeria >> 2/18/2010 - Gulf Keystone Petroleum Ltd is pleased to announce that it has negotiated an agreement with BG North Sea Holdings Limited ("BG") that settles, on confidential terms, the claims and counterclaims betwe...
TNK-BP Approves $1.8 bn in Major Projects
Russia >> 2/17/2010 - TNK-BP announced the results of a meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies which took place February 12th. The meeting was cha...
Africa Oil to Take Assignment of Blocks 12A & 13T
Kenya >> 2/16/2010 - Africa Oil Corp. is pleased to announce that it has signed a definitive agreement with Platform Resources Inc. ("Platform"), a wholly owned subsidiary of Alberta Oilsands Inc., to take an assignment o...
ERHC Awarded Block in Sao Tome & Principe EEZ
Sao Tome and Principe >> 2/16/2010 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, announced that the National Petroleum Agency of Sao ...
NOVATEK Increases Its Stake in Exploration Licenses
Russia >> 2/15/2010 - NOVATEK announced that it has increased its participation in the share capital of OOO Oiltechprodukt-Invest, OOO Petra Invest-M and OOO Tailiksneftegas through the acquisition of an additional 26% par...
Sistema Seeks Permit to Buy Russneft Stake
Russia >> 2/12/2010 - Russian oil-to-telecoms group Sistema has applied to the Federal Antimonopoly Service for permission to buy up to 49 percent in mid-sized oil company Russneft, a source close to Sistema said. ...
Victoria Sells Northern Perth Basin Permit Interests
Australia >> 2/11/2010 - Victoria Petroleum N.L. (Vicpet) advises that it has reached an agreement with Norwest Energy N.L. (Norwest) to sell its Northern Perth Basin interests to Norwest for a consideration of $500,000. ...
Roxi Announces Sale of Galaz Interest to LGI
Kazakhstan >> 2/11/2010 - Roxi Petroleum plc is an AIM listed exploration and production company operating in Kazakhstan. Roxi is pleased to announce that, together with its partners Roxi’s indirect 59 per cent. owned subsidia...
Global Iron Acquires African Petroleum in $500 Deal
Liberia >> 2/9/2010 - Global Iron Limited. has entered into what it believes is a ‘company transforming’ transaction to acquire private company APCL which, on completion, will own the rights to two highly prospective oil a...
Marathon Completes Sale of Interest in Angola
Angola >> 2/9/2010 - Marathon Oil Corporation today announced the completion of the sale of a 20 percent undivided working interest in the Production Sharing Contract and Joint Operating Agreement in Angola Block 32 to So...
Heritage Issues an Update on Ugandan Interest
Uganda >> 2/8/2010 - Heritage Oil Plc, an independent upstream exploration and production company, issues an update on the proposed disposal of the Company's entire interest in Block 1 and Block 3A ("the Disposed Assets")...

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