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Oil & Gas Companies News

CNOOC Welcomes 2010 with Higher Production Growth
China >> 2/2/2010 - CNOOC Limited announced its 2010 business strategy and development plan. The total targeted net production of the Company in 2010 is 275-290 million barrels of oil equivalent (BOE) (with WTI at US$75....
Austria's OMV in Talks With UAE for Gas Projects
United Arab Emirates >> 2/2/2010 - Austrian oil company OMV is in preliminary talks with state run Abu Dhabi National Oil Company to undertake gas projects in the United Arab Emirates, an OMV executive said. ...
Shell Sells Nigeria Assets in OMLs 4, 38 & 41
Nigeria >> 1/29/2010 - The Shell Petroleum Development Company of Nigeria Limited (SPDC) agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led by two Niger...
New Aramco Overseas Co. Office Opens in India
India >> 1/27/2010 - Saudi Aramco underlined its commitment to India not only as a growing market for oil and gas, but also as a leading source of goods, equipment and expertise by opening a new Aramco Overseas Co. (AOC) ...
Cnooc May Join Tullow in Developing Uganda’s Oil
Uganda >> 1/26/2010 - China National Offshore Oil Corp. is interested in teaming up with Tullow Oil Plc to help develop Uganda’s energy resources, the president’s office said. Company officials from China National and Tull...
Kazmunaigas E&P Announces Operating Results for 09
Kazakhstan >> 1/26/2010 - JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”), announced today that in the full year ended 31 December 2009 it produced 11,497 thousand tonnes of crude oil (232 kbopd), which incl...
Victoria Oil & Gas Targets Logbaba Sales Mid-Year
Cameroon >> 1/25/2010 - Victoria Oil & Gas Plc aims to secure the first sales from its Logbaba gas project in Cameroon around the middle year, Executive Director George Donne said. ...
Groundstar Asset Exchange Agreement in Egypt
Egypt >> 1/25/2010 - Groundstar Resources is pleased to announce that the company has entered into an asset exchange agreement with Karl Thomson Energy Limited (KTE), its partner in its two Egyptian blocks. ...
Eni May Raise Uganda Oil Stakes Offer-Paper
Uganda >> 1/24/2010 - Italy's Eni may offer the Ugandan government a cash sweetener of up to $300m to win a $1.5 billion bid for stakes in the country's main oil prospects and thwart a rival offer from British explorer Tul...
Ghana Seeks Offshore License Termination
Ghana >> 1/22/2010 - In a letter to Aker, Ghana’s Minister of Energy asserts that the company’s offshore exploration and development license in Ghana is invalid. Aker does not see any foundation for such an assertion. ...
Drillsearch Acquires More Working Interests in Cooper Basin
Australia >> 1/20/2010 - Drillsearch Energy Limited is pleased to announce that it has executed an agreement to purchase Magellan Petroleum (Southern) Pty Limited which holds interests in 1 Production Licence, PPL212 Kiana (3...
GE Oil Signs Minority Shareholding Agreement
China >> 1/20/2010 - GE Oil & Gas announced that it has entered into an agreement to acquire a minority equity interest in Shenyang Turbo Machinery Corporation, a large-scale Chinese state-owned enterprise dedicated to th...
Tullow Exercises Pre-Emption Right on Ugandan Asset
Uganda >> 1/18/2010 - Tullow Oil plc (“Tullow”) announces that, its subsidiary, Tullow Uganda Limited (“Tullow Uganda”), exercised its right of pre-emption in respect of the proposed sale by Heritage Oil & Gas Limited (“HO...
Shell Egypt to Buy 40 % of W. Desert Concession
Egypt >> 1/14/2010 - Shell Egypt has received government approval to buy a 40 percent stake in an oil and gas concession in Egypt's Western Desert, the firm said. ...
China's Yanchang to Tap Madagascar Oil Blocks
Madagascar >> 1/13/2010 - China's Shaanxi Yanchang Petroleum Group has bought 15 percent of a Hong Kong-listed firm that operates oil blocks in Madagascar, marking one of the few non-major Chinese oil firms venturing into over...
San Leon Entered JVA With Al Meinaa Oil Services
Iraq >> 1/7/2010 - San Leon is delighted to announce that it has entered into a joint venture with Al Meinaa Oil Services Limited ("Al Meinaa") for the reciprocal referral and joint evaluation of Oil and Gas projects in...
Sky Reports on Events Related to Mubarek Field
United Arab Emirates >> 1/7/2010 - Sky Petroleum, Inc., an oil and gas company, today reports that on December 31, 2009, Buttes Gas and Oil Co. International, Inc. ("Buttes"), the wholly owned subsidiary of Crescent Petroleum Company I...
Chevron and Nippon Sign Gorgon Natural Gas Agreement
Australia >> 1/6/2010 - Chevron Corporation announced that its Australian subsidiaries and Nippon Oil Corporation have signed a Heads of Agreement (HOA) for the delivery of 0.3 million metric tons per year (MTPY) of liquefie...
Eurasia to Acquire Workover Assets from LUKoil
Russia >> 12/30/2009 - Eurasia Drilling Company Limited announced that it has finalized an agreement to acquire 100% interest in OOO “Kogalym Well Workover Division” (KWWD) and OOO “Urai Well Workover Division” (UWWD) from ...
Vangold Issued Final Approval For Plan Of Arrangement
Kenya >> 12/29/2009 - Vangold Resources Ltd is pleased to announce that the TSX Venture Exchange has approved the Plan of Arrangement (the "Arrangement") which was approved by Vangold's shareholders on November 23, 2009. V...

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