ExxonMobil/Rockefellers - Founder's descendants urge separation of CEOMay 1, 2008In an unprecedented step, a majority of Rockefeller Family members – the oldest continuous shareholders in Exxon Mobil Corporation – today publicly called on other shareholders to join them in supporting a shareholder resolution to require an independent chairman of the board of directors
Shell surge lifts profitApr 29, 2008Anglo-Dutch supermajor Shell has posted a “current cost of supply” earnings result of $7.85 billion, or 12 percent better ...
SCAN Geophysical steams into profitApr 29, 2008Norway-based survey outfit SCAN Geophysical said Tuesday it had erased a fourth-quarter 2007 loss to post a ...
Total strengthens position in Canadian Heavy OilApr 29, 2008Total has just entered into an agreement with Synenco Energy Inc., a company listed on the Toronto Stock Exchange, to make a cash offer to acquire all of the common shares of Synenco Energy Inc.
Pyramid sells minor interest in Montana and Alberta for $6.3 millionApr 28, 2008Pyramid Petroleum Inc. has agreed to sell all of its 5.84% interest in its Montana and Alberta properties for $6.3 Million USD to an arms-length company.
Approach Resources acquires additional acreage in Cinco Terry ProjectApr 28, 2008Approach Resources Inc. has acquired an additional 9,482 gross (4,899 net) acres of leasehold interests adjacent to the Company's Cinco Terry project in Crockett County, Texas
Leni increases interest in Spanish oilfield to 100%Apr 23, 2008Leni Gas & Oil plc has acquired the remaining 11.25% of the onshore Ayoleungo oil field in Northern Spain from Gold Oil Plc for €315,211.
National Oilwell Varco acquires Grant PridecoApr 22, 2008National Oilwell Varco, Inc. declares the approval by the stockholders of Grant Prideco, Inc. of the previously declared merger agreement
Admiral Bay updates the Revloc projectApr 22, 2008Admiral Bay Resources Inc. says that the Company's partner in the Revloc Project has exercised its option to purchase an additional 25% working interest.
P.E.G. Board endorses offer to be purchased by Quest EnergyApr 21, 2008Production Enhancement Group, Inc. and Quest Energy Services (Canada) Ltd., an indirect wholly owned subsidiary of Al Qahtani Marine & Oilfield Services Co. of Saudi Arabia
Aladdin raises NOK 45 million in private placementApr 21, 2008Aladdin Oil & Gas Company ASA has succeeded in raising NOK 45 million in the previously announced Private Placement.
Linn Energy to sell all of its interests in the Appalachian BasinApr 17, 2008Linn Energy, LLC has agreed to sell all of its interests in oil and gas properties in the Appalachian Basin, including its Marcellus Shale acreage, to XTO Energy Inc. for cash consideration of $600 million
Imperial Energy to raise $608M for RussiaApr 16, 2008Russia producer Imperial Energy Corp. has announced it will issue new ordinary shares in a bid to raise £306.7 million ($608.5 million) to fund ...
Gulf Shores follows North Sea success with $3 million placementApr 10, 2008Following its recent participation in the Maria 15/18a-12 discovery well in the UK North Sea, Gulf Shores Resources Ltd. is arranging a non-brokered private placement of up to 30 million units at CDN $0.10 per unit for gross proceeds of up to CDN $3 million, subject to regulatory approval.
Excelsior declares North Sea corporate restructuringApr 10, 2008Excelsior Energy Limited has recently completed a transaction whereby it has sold the shares of its wholly owned subsidiary, Excelsior Energy North Sea Limited, to an Alberta private company (NorthseaCo).
Devon to sell assets in Equatorial Guinea for $2.2 billionApr 9, 2008Devon Energy Corporation has agreed to sell its oil and gas business in the African nation of Equatorial Guinea for $2.2 billion.
Total sells 20% of Taoudenni permits in Mauritania to QPIApr 9, 2008Total has sold a 20% stake in the Taoudenni Ta7 and Ta8 permits in Mauritania to Qatar Petroleum International. Total is the operator, with a 60% stake now.
Petrohawk acquires additional acreage in Haynesville ShaleApr 9, 2008Petrohawk Energy Corporation has entered into agreements with several private parties to acquire additional leasehold interests in the Haynesville Shale area of North Louisiana.
PetroHunter enters LoI with Laramie Energy IIApr 8, 2008PetroHunter Energy Corporation has entered into a non-binding letter of intent with Laramie Energy II, LLC, which outlines the basic terms of a purchase and sale agreement (PSA) which the parties will attempt to negotiate.
EPL completes sale of two shelf propertiesApr 7, 2008Energy Partners, Ltd. says that on March 27, 2008 it had completed its previously announced sale of two Gulf of Mexico Shelf properties located within its Western offshore area for $16.2 million effective January 1, 2008.
TomCo acquires interest in Middle Eastern oil fieldsApr 3, 2008TomCo says that on 1 April 2008 TomCo and its wholly owned Israeli subsidiary, Luton-Kennedy Limited (LKL) completed the acquisition of interests in two onshore petroleum licenses in Israel
Centrica to acquire North American C&I businessApr 3, 2008Centrica plc’s North American subsidiary, Direct Energy, has entered into an agreement to acquire Strategic Energy LLC, a subsidiary of Great Plains Energy Inc.,
Otto Energy confirms 50 percent farm-in into Po Valley, ItalyApr 3, 2008Otto Energy provides an update on the farm-in negotiations for two permits within the Po Valley, onshore Italy, where Otto is set to acquire a 50% holding in
Crimson Exploration reports close on sale of Barnett Shale acreageApr 2, 2008Crimson Exploration Inc. reported today the closing and funding on the previously declared sale of its interests in wells and acreage in the Ft. Worth Barnett Shale play in Johnson and Tarrant counties, Texas.
Kongsberg Maritime acquires 100% of Global SimApr 2, 2008Kongsberg Maritime has acquired the Draper, Utah based technology enterprise Global Sim for approx. MNOK 100.
