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Oil & Gas Companies News

Addax Announces Receipt of Letter from KRG of Iraq
Iraq >> 7/22/2009 - Addax Petroleum Corporation announced that it has received a letter from the Minister of Natural Resources of the Kurdistan Regional Government and has confirmation from Sinopec International Petroleu...
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. ...
Gulf Keystone Provides Update for Hassi Ba Hamou
Algeria >> 7/20/2009 - Further to the announcement dated 14 July 2009 that Gulf Keystone had suspended further investment in the Hassi Ba Hamou Permit ("Permit"), the Company has now been duly notified by BG North Sea Holdi...
ONGC Taps Citi for Kosmos Ghana Stake Bid
Ghana >> 7/20/2009 - India's leading oil producer ONGC has hired Citigroup to advise it on a bid for Kosmos Energy's stake in an oil field in Ghana in a deal that could be worth between $3 billion and $5 billion, sources ...
Edison Sale Deadline on Abu Qir Slips to 2010
Egypt >> 7/20/2009 - Italian Power Company Edison SpA plans to sell a 25 percent stake in Egyptian gas field Abu Qir field by early 2010, chief executive Umberto Quadrino told reporters on Monday. ...
CNOOC and Sinopec Jointly Acquire 20% Interest
Angola >> 7/17/2009 - CNOOC Limited is pleased to announce that the Company through a 50:50 joint venture with Sinopec International Petroleum Exploration and Production Corporation (“SINOPEC”), has signed a Sale and Purch...
Sinopec Commences Take-Over Bid For Addax
Switzerland >> 7/9/2009 - Addax Petroleum Corporation announced that Mirror Lake Oil and Gas Company Limited, an indirect wholly-owned subsidiary of Sinopec International Petroleum Exploration and Production Corporation (“SIPC...
Otto Acquires Additional Interest in Galoc
Philippines >> 7/9/2009 - Otto Energy Limited advises that Galoc Production Company (GPC) has entered into an agreement to acquire an additional 1.55% working interest in the Galoc Oil Field (Service Contract 14 Block C1). ...
Iraqi Joint Venture Update
Iraq >> 7/8/2009 - Ramco Energy makes the following update in relation to its associate Company, Mesopotamia Petroleum Company Limited ("MPC"). On February 26, 2009 the Board of Ramco announced that its associated compa...
AWE’s Apium North-1 Drilling Update
Australia >> 7/6/2009 - Australian Worldwide Exploration Limited (“AWE”) on behalf of the L1 joint venture, reports that the Apium North-1 well had reached a total measured depth of 2,655 metres. ...
KazMunaiGaz Reduced the Cost of Kashagan Oil Field
Kazakhstan >> 7/3/2009 - JSC NC, KazMunaiGaz, and the Kashagan consortium members have launched an initiative to reduce the cost to develop the Kashagan oil field. ...
Afren Establishes First Hydrocarbon Nigeria Ltd.
Nigeria >> 7/3/2009 - Afren plc announces that First Hydrocarbon Nigeria Company Limited (“FHN”) has been established to be a majority Nigerian owned oil and gas company in the indigenous Nigerian Exploration & Production ...
GDF SUEZ Acquires a Stake in E&P In Azerbaijan
Azerbaijan >> 6/30/2009 - GDF SUEZ has just acquired a 20% stake in the Exploration, Development and Production Sharing Agreement for the Absheron offshore block in the Azerbaijani sector of the Caspian Sea. The two other part...
Update on Negotiations with Sberbank
Russia >> 6/30/2009 - Urals Energy announces that efforts in discussions with Sberbank regarding restructuring options for the Company's outstanding loans to the bank have not yielded a mutually agreeable solution beyond t...
Vangold and Rwandan Gov To Negotiate SHEL
Rwanda >> 6/29/2009 - Vangold Resources Ltd. and the Honourable Albert Butare, the Rwandan Minister of State in Charge of Energy and Water, are pleased to announce that the Rwandan government and Vangold have agreed to ent...
Shell and Sovcomflot Sign Shipping Agreements
Russia >> 6/27/2009 - Sovcomflot and Shell International Trading & Shipping Company Limited (Shell) signed a General Cooperation Agreement. The official signing ceremony was held within the framework of the meeting of Russ...
Milestones for Otto and the Galoc Oil Field
Philippines >> 6/25/2009 - Otto Energy Limited is pleased to announce that commerciality has been declared at the Galoc Oil Field and that the Company is now debt-free. The Company also provides an update on its exploration and...
Marathon Sale its Interest in Corrib Development
Ireland >> 6/24/2009 - Marathon Oil Corporation announced that it has entered into a definitive agreement with Vermilion Energy Trust, under which Vermilion will purchase Marathon's wholly owned subsidiary, Marathon Interna...
Total Signs HoA with Novatek for 49% Interest in Terneftegas
Russia >> 6/24/2009 - Total announced that it has signed Heads of Agreement (HOA) with Novatek to acquire a 49% interest in Terneftegas, a Novatek’s wholly-owned subsidiary. Novatek will maintain the remaining 51% interest...
Gazprom and NNPC Sign Agreement on Setting up JV
Nigeria >> 6/24/2009 - On June 24, 2009, as part of the official visit by Dmitry Medvedev, President of the Russian Federation to the Federal Republic of Nigeria, Gazprom and the Nigerian National Petroleum Corporation sign...

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