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Latest Oil Company News |
High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts Jun 15, 2010As hurricane season begins in the Caribbean and Gulf of Mexico, forecasters are predicting higher-than-usual activity that could disrupt oil and gas production in the Gulf and hinder efforts to clean up the Deepwater Horizon oil spill.
GeoPark reports new partnership structure for Chile blocks Mar 11, 2010GeoPark Holdings has agreed with its partners, and submitted a request for Chilean government approval, to restructure and strengthen
ONGC to invest up to $30 billion on overseas assets Feb 18, 2010India's state-run Oil and Natural Gas Corporation (ONGC) has said budgeted to invest between $25 billion and $30 billion over the next ten years in an attempt
Petrobras issues US$ 4 billion in 10- and 30-year notes Nov 2, 2009Petrobras closed a US$ 4 billion issuance of 10- and 30-year notes in the international capital markets.
BG Group to report in US Dollars from 2010 Oct 29, 2009BG Group says that from financial year 2010 it will be changing the currency in which it reports its financial results to US Dollars.
Oil spill clean-up cost tops $5 million Oct 20, 2009The disaster that is the West Atlas oil spill shows no signs of slowing, with clean-up costs hitting $5 million and rising.
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DNO is considering initiating legal actions against Oslo Stock ExchangeSep 22, 2009DNO received notice today from KRG (Kurdistan Regional Government ) and to the attached Press Release...
Providence Resources P.l.c continuing re-development plan for the Singleton Oil Field onshore UKSep 22, 2009Following the recently successful SNX10 development well, which came into production in Q2 2009, production at the field increased by 250 BOEPD.
BP awards well service contract to Aker SolutionsSep 21, 2009Aker Solutions has entered into a frame agreement with BP Norge AS to provide well intervention services...
Consent for the use of Aker Spitsbergen.Sep 17, 2009StatoilHydro has been granted consent to use the mobile drilling facility Aker Spitsbergen...
Lundin Petroleum sell out 25 % of Rangkas blockSep 17, 2009Lundin Rangkas B.V has entered into a farm-out agreement with Carnarvon Petroleum....
First Oil from Volund Field Offshore NorwaySep 16, 2009Marathon Petroleum Company and Lundin Petroleums
announced that the Volund development offshoreNorway
has achieved first production.
APA 2009: Continued strong interest for mature areas on the Norwegian shelfSep 16, 2009At the expiry of the deadline for the awards in predefined areas (APA) 2009 on the Norwegian continental shelf...
Lundin Petroleum completes exploration well in NorwaySep 16, 2009Lundin Petroleum announces the completion of the exploration well 25/9-3 on the Tasta prospect.
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Goliat subsea contract to Aker SolutionsSep 16, 2009Aker Solutions has signed a contract with Eni Norge AS to deliver a subsea production system to the operator's Goliat field development....
Chevron and KOGAS Sign Agreement for Gorgon LNGSep 16, 2009Chevron announced that its Australian subsidiaries have signed a Heads of Agreement (HOA) with the Korea Gas Corporation (KOGAS)...
Gjøa hull safely through Gulf of AdenSep 16, 2009The hull of the North Sea Gjøa platform is on its way to Norway from the Samsung shipyard in South Korea. At the weekend an EU naval force provided a military escort as the hull passed through the notorious Gulf of Aden.
New discover in the Santos Basin pre-salt for PetrobrasSep 16, 2009The well 4-SPS-66C (4-BRSA-723C), know as Abaré Oeste, proved the presence of oil and natural gas. It is located in the evaluation area of 1-SPS-50 (Carioca).
Total sticks to N. Sea despite “suffering”, slumping gasSep 9, 2009OFFSHORE EUROPE, Aberdeen----Despite “suffering in Norway and the U.K. sometimes” due to tax, rig prices and bureaucracies bent on tightening ... By WILLIAM STOICHEVSKI
BP tracing giant Gulf of Mexico oil findSep 2, 2009U.K.-headquartered supermajor oil company BP has announced a giant oil discovery at its Tiber prospect in the deepwater Gulf of Mexico which the company believes ...
Talisman, Questerre close on French troveAug 31, 2009Calgary-based Talisman's unconventional gas-field partner Questerre Energy Corp. — a favourite among Norwegian investors — has reported ...
Det norske, Aker Exploration to form new No. 2Aug 25, 2009Norway-based oil companies Det norske oljeselskap and Aker Exploration have penned a deal to merge the two companies into “the second biggest company by far on the ...
Santos: Bonaparte and “carbon-constrained world” a comfortAug 20, 2009Australian oil company Santos said its year-on-year profit has fallen amid lower production, sales and the 39-percent-lower oil price since ...
Det Norske $78M loss “best ever”Aug 18, 2009Norway-based oil company Det norske oljeselskap has posted what the company called its “best quarterly result ever” and says there’s a ...
Shell refinery to get $500M upgradeAug 13, 2009Shell looks ready to go ahead with the building of new production plant worth $500 million at its Netherlands refinery Pernis— Europe’s largest at ...
Oil-trading Vitol to pay up to $225M to speed EtindeAug 12, 2009The oilfield business of Swiss-based oil trader Vitol has agreed to pay up to $225 million in support of development work to Africa-focused ...
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