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Mitsubishi Joins Iraq’s South Gas Utilisation Proj.
Iraq >> 8/25/2009 - Following the agreement made between a wholly-owned affiliate of Royal Dutch Shell plc (“Shell”) and Mitsubishi Corporation (“MC”), MC has accepted an invitation letter issued by the Iraqi Ministry of...
Afren Enters into a JVA with Oriental and Addax
Nigeria >> 8/25/2009 - Afren plc announces that it has entered into a Joint Venture Agreement (“JVA”) with Oriental Energy Resources Limited (“Oriental”) and Addax Petroleum Nigeria Offshore Limited, a subsidiary of Addax P...
Raytec to Acquire Lion Petroleum Corp.
Kenya >> 8/25/2009 - Raytec Metals Corp. announced that it has entered into a binding Letter of Intent ("LOI") with Lion Petroleum Corp. ("Lion"), subject to certain conditions and completion of due diligence process. Lio...
CNPC's C$499 Million Deal Still Valid
Libya >> 8/24/2009 - China National Petroleum Corp's CNPET.UL C$499 million ($462 million) agreement to acquire Canada's Verenex Energy Inc remains in effect, though the deal was to expire today, Verenex's chief financial...
Shell Elects Not to Exercise Option on Senegal
Senegal >> 8/24/2009 - Shell Exploration Company B.V. (Shell) has advised First Australian Resources (FAR) of its decision not to exercise an Option in respect of Sangomar Offshore, Rufisque Offshore and Sangomar deep Offsh...
Canada's Verenex Runs Short of Time for China Deal
Libya >> 8/21/2009 - Canada's Verenex Energy Inc. is running short of time to get Libyan approval for its $460 million sale to China, making some investors pessimistic that the deal will go ahead. ...
KNOC Restored Two Exploration Licences In Nigeria
Nigeria >> 8/20/2009 - Nigeria's high court has ruled that the government illegally revoked exploration licences granted to a South Korean oil consortium. ...
Gazprom May Cede Kovykta Field to State Co-Paper
Russia >> 8/19/2009 - Russian gas export monopoly Gazprom is likely to cede control of the huge Kovykta gas field in eastern Siberia to a state holding company, a Russian newspaper reported on Wednesday, citing unnamed sou...
Basker-Manta-Gummy ("BMG"): Asset Sale Completion
Australia >> 8/19/2009 - Following receipt of government and joint venture approvals and satisfaction of other conditions precedent, Anzon Australia Pty Limited, a wholly owned subsidiary of ROC, has completed the sale of a 1...
Artumas Extends Option Agreement with M&P/Cove
Tanzania >> 8/18/2009 - Artumas makes reference to the option agreement previously announced on 22 July 2009, whereby Artumas granted a call option in favour of Ets. Maurel & Prom S.A. and Cove Energy plc to purchase a 51% p...
Egypt Signs $2.3 Billion Oil, Gas Agreements
Egypt >> 8/17/2009 - Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry said on Monday. ...
Lukoil Crude Oil Production Increased by 4%
Russia >> 8/17/2009 - LUKOIL Group total hydrocarbon production available for sale reached 2,220 th. boe per day in the first half of 2009, which is a 2.0% increase y-o-y. Crude oil production by LUKOIL Group increased by ...
Eni Creates a New Partnership With Uganda
Uganda >> 8/13/2009 - Eni CEO, Paolo Scaroni met with the President of the Republic of Uganda, His Excellency, Yoweri Kaguta Museveni. In his meeting with the President, Paolo Scaroni reaffirmed the importance of the Sub-S...
Eni Signs Strategic Agreement with Congo
Congo, Democratic Republic (Zaire) >> 8/12/2009 - Eni CEO Paolo Scaroni signed a strategic agreement for cooperation and valorisation of the Democratic Republic of Congo's oil resources with the oil minister René Isekemanga Nkeka, in the presence of ...
Chevron and USAID Pledge New Support for Angola
Angola >> 8/10/2009 - Chevron Corporation the United States Agency for International Development (USAID) and the Cooperative League of the United States of America (CLUSA) today announced the basis for a new partnership ai...
Russia's InterRAO and Gazprom to Sign Turkey Deals
Turkey >> 8/4/2009 - Russia's Inter RAO and Gazprom will sign agreements on energy projects with Turkish companies, Russian Energy Minister Sergei Shmatko said at a news conference on Tuesday. ...
Kenya L6 Joint Venture Dispute
Kenya >> 7/27/2009 - Pancontinental and Afrex (“Pancontinental”) and the Operator of Kenya L6, Gippsland Offshore Petroleum Limited (“GOP”) are in dispute over expenditure claims by GOP, which Pancontinental has advised G...
Update on Sberbank Negotiations & Annual Accounts
Russia >> 7/24/2009 - Further to the update of 30 June 2009, Urals Energy announces the divestiture of Urals’ ownership interests in Dulisma and Taas Yuriakh to Sberbank is progressing. Major terms of the divestiture have ...
TransAtlantic Acquires Energy Operations Turkey
Turkey >> 7/24/2009 - TransAtlantic Petroleum Corp. announced that it has acquired Energy Operations Turkey, LLC ("EOT") for total consideration of $7.75 million, including a $1.5 million promissory note payable in one yea...
Citadel Capital is Regarding Libya’s Arab Gas
Libya >> 7/22/2009 - Citadel Capital, the Egyptian private equity firm, wishes to clarify that press reports suggesting it has been awarded a tender to build a gas distribution network in Libya are false. ...

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