Maersk Oil to Purchase Brazilian Assets for $2.4B
Thursday, December 23, 2010 Maersk Oil has agreed with SK Energy to acquire SK do Brasil Ltda. for $2.4 billion on a cash and debt-free basis.
Gulf United Energy Appoints New Officers
Wednesday, December 22, 2010 Gulf United Energy has announced the appointment of three new executive officers.
Total Fires Up 2nd Yemen LNG Train
Monday, April 05, 2010 The second train of Total's Yemen LNG project has started production, cementing the company's position as a top-tier global LNG producer.
Houston American Energy's Stake in Colombia May Pay Off
Wednesday, March 10, 2010 Houston American Energy may soon reap big rewards from its well-established presence in Colombia.
Devon's Brazil Success Likely to Drive Up Assets' Price
Friday, January 29, 2010 Devon's latest discovery in Brazil will likely increase the company's windfall when it sells off the prime offshore assets.
Devon Adds Itaipu Pre-Salt Find to Anadarko's Wahoo Success
Thursday, December 17, 2009 Devon has announced a pre-salt oil discovery on block BM-C-32 in the Campos Basin, offshore Brazil.
Saudi Aramco CEO: Will Try to Help Stabilize Oil Prices
Wednesday, December 02, 2009 Saudi Aramco will do its part to keep oil prices from rising excessively and thus damaging a nascent global economic recovery, Chief Executive Khalid Al Falih said Wednesday.
PetroVietnam, Total Hit Paydirt in Vietnamese Waters
Monday, November 23, 2009 Total E&P Vietnam and its partners on Block 15-1/05 have discovered oil in the Lac Da Nau prospect, located in the southern part of the block in the Vietnamese offshore.
Total Starts Up Yemen LNG Production
Thursday, October 15, 2009 Total announces that the Yemen LNG liquefaction plant started producing Liquefied Natural Gas (LNG) on October 15, 2009.
Korean Firms Test Water Offshore China
Thursday, June 04, 2009 Majuko Group's purchase of a stake in an oil block near Hong Kong could pave the way for more deals offshore China by Korean firms.
Petro Vista Energy Spuds Morichito Well Onshore Colombia
Thursday, April 16, 2009 Petro Vista has commenced drilling operations on the Morichito-1N (A1) well located within the Morichito Block in the Llanos Basin in Colombia.
SK to Proceed with Iraqi Oil Devt Deal Despite Minister's 'Ban'
Friday, April 03, 2009 South Korea expects a $3.55 billion oil development agreement signed with Iraq in February to proceed without a hitch despite the Iraqi oil minister saying that two Korean firms are banned from joining tenders in Iraq.
Iraq's Oil Minister Bans South Korean Firms from Iraqi Tenders
Thursday, April 02, 2009 Iraq's oil minister penalized two South Korean oil firms Thursday, banning them from taking part in Iraqi tenders after they signed a billion-dollar contract with the Kurd regional government.
Colombia Auctions Rights to Seek, Produce Oil on 22 Areas
Tuesday, November 11, 2008 The Colombian oil licensing agency auctioned rights to seek and produce oil or gas in 22 areas across the country.
Multiple Oil Finds Continue String of Success in Brazil
Wednesday, October 01, 2008 A series of oil finds reported to Brazil's National Petroleum Agency on Tuesday demonstrated once again the immense promise the country holds for global oil companies.
BHP Billiton Nabs Exploration Rights for Block Onshore Colombia
Monday, September 29, 2008 BHP Billiton Petroleum has acquired exploration rights to an onshore block of approximately 7,750,000 acres in the Llanos Basin, Colombia.
Canamens Cinches Interest in North Sea's Kraken, Mariner
Wednesday, July 23, 2008 Nautical entered into a farm out agreement with Canamens whereby Canamens will acquire a 35% interest in the North Sea Block 3/27a. The Company will spud the well, located in the Hydra prospect, in October.
Nautical Teams Up with Canamens to Develop on the UKCS
Thursday, May 15, 2008 Nautical Petroleum announced that it has entered into a farm out agreement with Canamens Energy whereby Canamens will acquire a 30% interest in the North Sea Block 8/25a.
KNOC-Led Group Acquires Stake in Zhambyl Block
Thursday, May 15, 2008 A South Korean consortium led by the state-owned Korea National Oil Corp. has signed a final contract to acquire a 27% stake in Kazakhstan's offshore Zhambyl oil block for $85 million.
Anadarko Looks for Oil in Brazil's Pre-Salt Area
Monday, February 18, 2008 Anadarko plans to begin drilling in Brasil's BM-C-30 block in the Campos Basin and BM-ES-24 block in the Espirito Santo Basin.