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Kazakhstan May Buy into BG Gas Venture
Kazakhstan >> 12/29/2009 - Kazakhstan is in talks with a group of foreign companies led by BG and Eni to buy a stake in their Kazakh gas condensate project Karachaganak, Prime Minister Karim Masimov said. ...
ADGAS Formalizes $1bn Deal With HHI
United Arab Emirates >> 12/28/2009 - Abu Dhabi Gas Liquefaction Company Ltd (ADGAS) has formally signed an agreement worth $1 billion with Hyundai Heavy Industries Co for the construction of an integrated gas development plant on Das Isl...
Lukoil, Statoil to Adjusted Ownership Split In Iraq
Iraq >> 12/28/2009 - Lukoil and Statoil initialised the contract with Iraqi authorities for the West Qurna 2 field. Lukoil and Statoil have agreed to adjust the ownership split, increasing Statoil’s share from 15 % to 25 ...
Gazprom and CNPC Sign Agreement for Gas Supply
Russia >> 12/28/2009 - On December 22–27 the Gazprom’s delegation, led by Alexander Medvedev, held in China the year’s final round of commercial talks with the China National Petroleum Corporation (CNPC) relevant to arrangi...
Gazprom, Uzbekistan Signs Conditions for Gas Supply
Uzbekistan >> 12/28/2009 - Led by Alexander Medvedev, Deputy Chairman of the Management Committee, a Gazprom delegation paid a working visit to the Republic of Uzbekistan today. As part of the visit, Alexander Medvedev met with...
Vopak and Zamil Group Sign MOU to Develop JV
Saudi Arabia >> 12/23/2009 - Royal Vopak of the Netherlands and the Zamil Group of Saudi Arabia announce the signing of a Memorandum of Understanding between both companies, expressing their intention to develop a joint venture c...
GE, Al Shaheen Sign Strategic Partnership Agreement
Qatar >> 12/22/2009 - GE Oil & Gas and Al Shaheen Energy Services, a wholly owned subsidiary of Qatar Petroleum established to develop partnerships in the oil and gas and energy industries, have signed two partnership agre...
Hess Makes Strategic Asset Trade with Shell
Norway >> 12/21/2009 - Hess Corporation announced it has reached agreement with Shell for a strategic asset trade that will double Hess' interest in a pair of Norwegian offshore fields, Valhall and Hod, to 56.18 percent and...
CNPC Signs Strategic Agreement With Valin Group
China >> 12/21/2009 - On December 11, CNPC and Hunan Valin Iron and Steel Group Co., Ltd (Valin Group) signed a strategic cooperative agreement, which will help CNPC secure material supply for pipe manufacturing by utilizi...
PTTEP and CNOOC Successful Bidders in Algeria Round
Algeria >> 12/21/2009 - PTT Exploration and Production Public Company Limited, or PTTEP, wishes to announce that PTTEP Algeria Company Limited (PTTEP AG), a subsidiary of PTTEP, together with CNOOC International Limited, hav...
Lundin Sells Interest In Kaspiskoye Field, Russia
Russia >> 12/21/2009 - Lundin Petroleum AB is pleased to announce the sale of its 51 percent indirect interest in CJSC Kalmeastern which held the production license for the Kaspiskoye field, Republic of Kalmykia, onshore Ru...
Heritage Enters LOI to Sell Its Ugandan Interest
Uganda >> 12/18/2009 - Heritage Oil Plc, an independent upstream exploration and production company, announced that a wholly-owned subsidiary had entered into a binding letter of intent (the "LOI") with Eni S.p.A. ("Eni") f...
Gazprom and Petrovietnam Sign JV Agreement
Russia >> 12/15/2009 - Gazprom announced that Chairman of the Gazprom Management Committee and Phung Dinh Thuc, President and CEO of Petrovietnam State Oil and Gas Corporation signed in the presence of Vladimir Putin, Prime...
Lukoil, Statoil Win Bid on West Qurna 2nd Round
Iraq >> 12/12/2009 - Around 40 companies are prequalified for participation in Iraq’s second licensing round 11 and 12 December in Baghdad. On the licensing round’s second day Lukoil and Statoil secured the winning bid on...
ENI Ups Zubair Oil Target After Iraq Adds Reserves
Iraq >> 12/12/2009 - Italy's Eni nudged up its production target for Iraq's giant Zubair oilfield after the Oil Ministry agreed to add more reserves to the area covered by the contract, an Iraqi official said. ...
Shell welcomes Iraq Majnoon contract award
Iraq >> 12/11/2009 - The Iraqi Ministry of Oil awarded Shell and Petronas Carigali a contract for technical assistance in developing the Majnoon field, subject to ratification by the Iraqi authorities. ...
BP Sells LUKARCO Stake to LUKOIL
Kazakhstan >> 12/11/2009 - BP announced that it has divested its interest in Kazakhstan's Tengiz oil field and the Caspian Pipeline Consortium (CPC) pipeline, carrying oil between Kazakhstan and Russia, by selling its 46 per ce...
BG, Eni May Sell Stake in Kazakh to End Dispute
Kazakhstan >> 12/11/2009 - BG Group Plc and Eni SpA are in talks to sell a stake in Kazakhstan’s second-biggest producing oil field to the country’s government to resolve a dispute over export duties, two people familiar with t...
Marathon sale of interest in Block 32 Off Angola
Angola >> 12/11/2009 - Marathon Oil Corporation announced that following the exercise of a right of first refusal by Sociedad Nacional De Combustiveis De Angola, E.P., (SONANGOL), SONANGOL's wholly owned subsidiary, Socieda...
PIW Again Ranks Saudi Aramco No.1
Saudi Arabia >> 12/9/2009 - Petroleum Intelligence Weekly (PIW) has released its annual list of the rankings of the world’s 50 largest oil companies, and in what has become a 21-year streak, Saudi Aramco is No. 1. ...

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