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Oil & Gas Companies News

BG Venture Said to Seek $700 m from Kazakhstan
Kazakhstan >> 9/20/2009 - A BG Group Plc venture will seek to recover at least $700 million in export duties from the Kazakh government at an arbitration hearing in London later this month, two people familiar with the matter ...
Verenex and Libyan Investment Enter into Agreement
Libya >> 9/18/2009 - Verenex Energy Inc. and the Libyan Investment Authority (the "LIA") jointly announced they have entered into a binding memorandum of understanding ("MOU") respecting the sale of all of the issued and ...
Dana Gas Appointed James Dewar as Group CFO
United Arab Emirates >> 9/15/2009 - Dana Gas PJSC, the Middle East’s first and largest private-sector gas company, has announced the appointment of James Dewar as Group Chief Financial Officer (CFO). ...
Hyperdynamics Signs MOU with Guinea Government
Guinea >> 9/14/2009 - Hyperdynamics Corporation announced that following a week of negotiations, Ray Leonard, Chief Executive Officer, and Minister of Mines, Energy and Hydraulics of the Republic of Guinea, Mahmoud Thiam, ...
Groundstar Exploration Blocks Returned to Ministry
Syria >> 9/10/2009 - Groundstar Resources Limited has received a request from the Ministry of Petroleum and Mineral Resources of the Syrian Arab Republic that Blocks XIV and XVI awarded to the Company on April 2008 be ret...
MOL to Finance Kurdistan Project with Own Shares
Iraq >> 9/10/2009 - Hungarian oil group MOL MOLB.BU will at least partially finance its 2009 part in a natural gas project in Iraq's Kurdistan with its shares. "Depending on the share price developments on the stock mark...
Angola Blocks Sale of Marathon Field Stake to China
Angola >> 9/10/2009 - Angola has blocked the sale of Marathon Oil’s 20 percent stake in an oil block in the African nation to Chinese state owned firms CNOOC and Sinopec. The two Chinese companies announced on July 17 they...
Aminex Increases Its Interest in the Nyuni Area
Tanzania >> 9/9/2009 - Aminex PLC announces that it has increased its interest in the Nyuni Production Sharing Agreement, Tanzania (“Nyuni”) by 10%, including the 40 million cubic feet/day gas discovery at Kiliwani North un...
EAX Ups Its Interest in the Kenyan Block L17 / L18
Kenya >> 9/9/2009 - East African Exploration, a Black Marlin Energy Group Company, announces that it has increased its interest in the Kenyan Block L17/L18 Production Sharing Contract, by 25% under an agreement reached w...
AOC to Assignee 50% Interest in NW October Block
Egypt >> 9/9/2009 - Arabian Oil Company, Ltd. (AOC), a wholly owned subsidiary of AOC Holdings Inc., executed Sale and Purchase Agreement for assignment of its 50% interest out of 100% in Northwest October Block in the G...
Verenex Announces Termination of CNPCI Agreement
Libya >> 9/8/2009 - Verenex Energy Inc. announces that on September 7, 2009, CNPC International Ltd. ("CNPCI") delivered written notice to Verenex terminating the acquisition agreement entered into with Verenex on Februa...
Iran and Venezuela Sign MoU
Iran >> 9/7/2009 - Venezuela’s State oil company Petroleos de Venezuela SA (PDVSA) Company will finance ten percent of the required amount for carrying out the development plan of Iran's South Pars gas field’s phase 12....
Shell Gas Deal Seen Delayed Past Iraq Elections
Iraq >> 9/5/2009 - Political opposition to a gas venture between the Iraqi government, Royal Dutch Shell and Mitsubishi may delay its finalization until after national elections in January, a senior oil official said on...
Lundin Partners With Gunvor in the Lagansky Block
Russia >> 9/2/2009 - Lundin Petroleum AB is pleased to announce that it has entered into an agreement with Gunvor Cyprus Holding Ltd, an entity in the Gunvor Group, under which Gunvor will acquire a 30 percent interest in...
Vast Acquires Additional 10% Interest in Qara Dagh
Iraq >> 9/2/2009 - Vast Exploration Inc. is pleased to announce that it has entered into an agreement with the Kurdistan Regional Government of Iraq (the “Government” or “KRG”) to acquire an additional 10% net working i...
Niko Acquires Additional 10% Interest in Qara Dagh
Iraq >> 9/2/2009 - Niko Resources Ltd. is pleased to announce that it has entered into an agreement with the Kurdistan Regional Government of Iraq (the "Government" or "KRG") to acquire an additional 10% net working int...
Sudan Wraps Up Deals Over Contested Oil Blocks
Sudan >> 8/29/2009 - Sudan said this week it had finalised settlements on two disputed oil blocks in its strife-torn south as it seeks to reconcile agreements made by both the Khartoum government and former southern rebel...
Victoria Oil & Gas Raises £6 m for Logbaba Project
Cameroon >> 8/28/2009 - Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration company with assets in Cameroon and the FSU, is pleased to announce that the Company has completed, conditional on admission, an equity p...
Falcon to Begin Search For Partner In Beetaloo Basin
Australia >> 8/26/2009 - Falcon Oil & Gas Ltd., a global energy company focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources, announced that it has en...
CNOOC Announces Its 1st Half-Year E&P Results
China >> 8/26/2009 - CNOOC Limited announced that the Company realized another accomplishment in production. The Company’s total net oil and gas production reached 105.8 million barrels-of-oil-equivalent (BOE), representi...

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