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Apache to Buy Cordillera Energy Partners for $2.85 Billion
Houston. Apache Corp. agreed to buy closely held Cordillera Energy Partners III LLC for $2.85 billion in cash and stock, adding to Oklahoma and Texas operations that use hydraulic fracturing to get oil...
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Pemex Rescued 213 Workers from Burning Platform
Mexico. Petroleos Mexicanos (Pemex) evacuated 213 workers from the KU-S platform in the Ku Maloob Zaap field Mo...
Chevron Confirms Fire Incident on Rig Offshore Nigeria
San Ramon . Chevron Corporation (NYSE: CVX) reports that its subsidiary, Chevron Nigeria Limited, is working to...
Shell, Qatar Petroleum Sign Accord for $6.4 Billion Petrochemicals Complex
Doha. Qatar Petroleum and Royal Dutch Shell Plc (RDSA) signed a heads of agreement to develop a petrochemicals ...
United States to launch Gulf of Mexico block sale
Houston. The US is to put around 7250 offshore blocks under the hammer in June as reportedly vast oil...
Chevron Reports Fourth Quarter Net Income of $5.1 Billion, Compared to $5.3 Billion in 2010
San Ramon. Chevron Corporation today reported earnings of $5.1 billion ($2.58 per share – diluted) fo...
Exploration Begins in Northen Coast of Cuba
Havana. The arrival of the offshore oil rig - Scarabeo 9 - in the northern coast of western Cuba mark...
Rig for Cuba gets thumbs-up from US
Texas. A rig hired by Repsol to drill off Cuba was found to "generally comply with existing internati...
Anadarko Finds Oil Offshore Brazil as It Plans Asset Sale
Texas. Anadarko Petroleum Corp., the independent U.S. producer that plans to sell its assets in Brazi...
Chevron may face charges over Frade spill
Houston. A wire report claims that a Brazilian prosecutor plans to file criminal charges against Chev...
DONG Energy acquires a stake in the first two projects in SMart Wind's Hornsea zone
Munich. DONG Energy has acquired a 33.3% stake in the first two offshore wind projects in the Hornsea...
BP opts for Omega valves for Clair Ridge
Aberdeen. BP has contracted Omega Completion Technology to supply its Command Activated Sandface valv...
Eni: fixed rate bond offering
San Donato Milanese . Eni has mandated Credit Agricole CIB, HSBC, J.P. Morgan, MPS Capital Services a...
Nautical Petroleum Sells 25% Interest in Kraken Field to EnQuest
London. UK and France-focused oil explorer Nautical Petroleum has agreed a deal with fellow UK oil fi...
Macedonia to start talks on joining South Stream with Russia's Gazprom
Moscow. Macedonia will hold talks on October 1 with Russian gas giant Gazprom on joining the South St...
In Berlin, conflict over nuclear heats up
Berlin. Tens of thousands of anti-nuclear activists took to the streets in Berlin over the weekend to...
Pertamina green lights $2bn gas spend
Jakarta. PT Pertamina is to splash out almost $2 billion over the next three years as it wins approva...
Iraq, Lukoil Award $998M West Qurna Deal to Samsung
Basra. Iraq and Russia's OAO Lukoil Holding have awarded a $998 million deal to south Korea's Samsung...
ConocoPhillips, CNOOC reach settlement on Bohai Bay spill
Houston. ConocoPhillips and CNOOC Ltd. reached an agreement with China's Ministry of Agriculture in w...
Oil Rig Sinks Off Russian Coast; Dozens Feared Dead
Moscow . An oil drilling rig that was being towed in a storm sank Sunday off the coast of Sakhalin Is...
Major Expansion and Upgrade Project at Samsung Total Petrochemicals’ Complex in Daesan, South Korea
Paris. Total is consolidating its positions in petrochemicals in Asia with a new expansion and...
TNK-BP commences drilling Offshore Vietnam
Ho Chi Min. TNK-BP replaces 129% of production with new reserves. TNK-BP has commenced its first offs...
Shell pulls out of Syria after EU sanctions imposed
London. Royal Dutch Shell PLC said it will pull out of Syria following the European Union's impositio...
Total exits Syria following tightened EU sanctions
Paris. Total SA said it is suspending its operations in Syria in line with recently tightened sanctio...
Total to explore oil in Lamu
Nairobi. French petroleum giant Total Group has now made a comeback into oil exploration in Kenya, wi...
Anadarko: Mozambique Gas Find One Of The Most Significant In 10 Years
Houston. Anadarko Petroleum Corp. (APC) further upgraded its estimates Monday for gas reserves offsho...
Chevron Finalizing Plans To Seal Burning Well Offshore Nigeria
HOUSTON – Chevron Corp. (CVX) said it is finalizing plans to commence drilling a relief well to seal...
Chevron Preps to Drill Funiwa Relief Well Following Jackup Fire
Abuja. Chevron Corp. on Monday reported it was finalizing plans to drill a relief well to control the...
Brazilian Offshore Fields - Caveat Emptor
Report. A decade ago Jim O'Neill, then Goldman Sachs head of global economic research and commodities...
Regression models estimate pipeline construction costs
Report. This article develops five regression models to estimate pipeline construction component co...New EU oil embargo targets Iran's nuclear drive
Report. The European Union imposed an embargo this week on Iran's oil exports as part of a package of...
Crude Slips As Traders Assess Iran Embargo
Report. Oil futures edged lower Tuesday, as traders reassessed the impact of the European Union's ban...
BP says oil to be slowest growing fuel in 2030
Report. World oil demand will rise by 18 percent from 2010 levels to 103 million barrels per day (bpd...
EIA forecasts oil, gas demand increases through 2013
Report. Worldwide crude oil consumption will increase by 1.3 million b/d this year and by 1.5 million...
Technip scores another Wheatstone win
Melbourne. Technip has locked up a $117 million contract for "detailed design" for the offshore proce...
Australia to follow EU with Iran oil ban
Sydney. Australia will follow the EU's lead in banning oil imports from Iran, the country's foreign m...
Talisman Energy May Look to Supply Gas to Exxon Mobil's PNG LNG Venture
Anchorage. Talisman Energy Inc., the Canadian explorer aiming to spend about $200 million in Papua Ne...PNG LNG Project co-venturers approve project
Port Moresby. Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation and operator of the PNG...
Iran Nuclear Issue – Considerations for a Negotiated Outcome
Opinion. Iran has been found in non-compliance with its International Atomic Energy Agenc...
The energy challenge and the need for new talent
Opinion. Speech given by Hugh Mitchell, Chief Human Resources and Corporate Officer, Royal Dutch Shel...
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