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Oil & Gas Companies News

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. ...
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...
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...
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. ...
HDY Signs Binding S&PA with Dana Petroleum
Guinea >> 12/7/2009 - Hyperdynamics Corporation announced it has signed a binding sale and purchase agreement (S&PA) with Aberdeen-based Dana Petroleum PLC under which Dana has agreed to acquire, through its subsidiary, Da...
Egypt, Algeria to Form Selena Energy Joint Venture
Egypt >> 12/5/2009 - Algeria's state-owned energy firm Sonatrach is setting up an oil and gas joint venture with two Egyptian national companies, its chief executive officer said. "We could invest around maybe $15 billion...
Sound Oil Terminates Discussions & Lifts Suspension
Indonesia >> 12/4/2009 - Sound Oil, the upstream oil and gas company with assets in Indonesia, announced on 20 October 2009 that it was in discussions about the possible acquisition of a company with oil assets offshore West ...
Zhaikmunai Provides an Update on its Kazakh Ops
Kazakhstan >> 12/3/2009 - Zhaikmunai LP, the oil and gas exploration, development and Production Company, provides an update on its Kazakh operations for the period from July to 30 September 2009. ...
Malka and Gazprom Neft Sign Binding Term Sheet
Russia >> 12/1/2009 - Gazprom Neft and Swedish company Malka Oil AB signed a binding term sheet regarding the sale of Malka Oil's production subsidiary OOO STS-Service to Gazprom Neft for a purchase price of SEK 820,000,00...
Tullow May Buy Heritage Assets, Thwarting Eni
Uganda >> 12/1/2009 - Tullow Oil Plc, the U.K. explorer with the most licenses in Africa, is “seriously considering” buying the Ugandan assets of Heritage Oil Plc, potentially scuttling a $1.5 billion deal with Eni SpA. ...
Sudan Feeds 80 Percent of Ethiopia’s Oil Demand
Sudan >> 11/30/2009 - Ethiopia is importing 80 % of its total demand for petroleum from neighboring Sudan, easing the horn of Africa country’s massive cost on oil imports, said Sudan’s giant, Nile Petroleum Company (NPC).<...
Hyperdynamics Signs Agreement and LoI With Repsol
Guinea >> 11/30/2009 - Hyperdynamics Corporation announced it has signed an agreement for exclusive dealing and letter of intent (the "LOI") with Spanish-based Repsol YPF, S.A under which the two companies will negotiate th...
Total Transfers 10% in Kharyaga to Zarubezhneft
Russia >> 11/27/2009 - Total E&P Russie, a wholly owned subsidiary of Total S.A., announced the transfer of a 10% interest in the Kharyaga oil field to state-owned Zarubezhneft of Russia. A memorandum of understanding (MOU)...
Artumas Completes Joint Interest Sale in Tanzania
Tanzania >> 11/26/2009 - Artumas announced that it has fulfilled all conditions and has received final approval from the Government of Tanzania to complete the sale of a portion of its participating interest in the Mnazi Bay ...
CNPC and Kazmunaygas Take Over Mangistaumunaigas
Kazakhstan >> 11/26/2009 - Mangistau Investments B.V. (Mangistau), a joint venture owned equally by CNPC Exploration and Development Company Ltd (CNPC E&D) and JSC National Company "KazMunayGas" (KMG), acquired 100% of the comm...
Eni Signs a Cooperation Agreement with Turkmenistan
Turkmenistan >> 11/25/2009 - Eni CEO, Paolo Scaroni, and the Director of The State Agency for Management and Use of Hydrocarbon Resources, Yagshygeldy Kakayev, signed in the presence of the President of the Republic of Turkmenist...
ERHC Pursues Investments in Nigeria O&G Industry
Nigeria >> 11/24/2009 - 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 negotiations are underway on potentia...
Woodside Flags 2010 Reduction, Libya Asset Sale
Libya >> 11/23/2009 - Woodside Petroleum Ltd. forecast its full year oil and gas production in 2010 to fall to between 70 million and 75 million barrels of oil equivalent. ...

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