Hyperdynamics Reports Encouraging Initial Results From Oil Seeps Study of Offshore Guinea Concession Area
Hyperdynamics Corporation today announced that it has received encouraging preliminary results from an oil seeps study of the company’s 31,000-square-mile oil and gas concession offshore Guinea. The survey was conducted by TDI-Brooks International of College Station, Texas. “We conducted this study to survey projected sites of oil seepage in three areas of our concession,” said Ray...
Tethys Petroleum: Protocol Signed for Northern Tajikistan Areas
Tethys Petroleum Limited announce that following meetings with the Prime Minister of the Republic of Tajikistan it has signed a Protocol of Intent (“POI”) with the Ministry of Energy and Industry concerning the negotiation of a Production Sharing Contract (“PSC”) for exploration and production in certain prospective areas in the north of the country. In the POI it is agreed...
Gold Canyon Updates Joint Exploration Agreement With the Japan Oil, Gas and Metals National Corporation
Gold Canyon Resources Inc. announce that its wholly owned subsidiary Gold Canyon Kratz Spring LLC and its joint venture participant Japan Oil, Gas and Metals National Corporation (JOGMEC) have reached an agreement for the April 2009 – March 2010 fiscal year work program and budget on May 15, 2009. Under the terms of the Joint Exploration Agreement (JEA), JOGMEC holds an 80% option to all of the...
Tethys Petroleum Limited: Tajikistan East Olimtoi Exploration Well
Tethys Petroleum Limited announced that its wholly owned subsidiary Kulob Petroleum had signed a Memorandum of Understanding with the Ministry of Energy and Industry of the Republic of Tajikistan to takeover drilling operations on the East Olimtoi exploration well EOL09 that lies within KPL’s Bokhtar Production Sharing Contract area. The State Unitary Enterprise “Naftugaz va Angisht”...
Petrolium Oil Alliance Inc. Enters Into Negotiations in the Islamic Republic of Mauritania
Petrolium Oil Alliance Inc. and its U.S. subsidiary PetrOil Inc., formerly CybeRecord, Inc., have entered into negotiations with the Islamic Republic of Mauritania in continuing its plans of expansion within the African Continent. Wadah Richad Kilani President of Petrolium Oil Alliance Inc. and his corporate team of advisors attended high level meetings held on Nov 4th 2008 with Minister Ba Houdou...
Occidental Petroleum Corporation and Mubadala Development Company Sign EPSA to Develop Gas Fields in Oman
Occidental Petroleum Corporation and Mubadala Development Company of Abu Dhabi (Mubadala) announced the signing of an Exploration and Production Sharing Agreement with the Ministry of Oil and Gas in the Sultanate of Oman. Under the terms of the EPSA, the parties will develop four existing gas fields and explore for potential new discoveries in a newly formed contract area (“Habiba” –...
Continental Energy Acquires Interest in New Block in Indonesia
Continental Energy Corporation announced that it has acquired an interest in a new production sharing contract in Indonesia. Pursuant to a joint bid agreement with Adelphi Energy Limited and GeoPetro Resources Company, the group’s joint venture company, ACG (South Bengara-II) Pte. Ltd., signed a new PSC for the South Bengara-II block. Continental’s wholly owned subsidiary, Continental...
Total Farms into an Onshore Block With KNOC
Total announces that it has signed an agreement with Korea National Oil Corporation (KNOC) to farm into onshore exploration Block 70 (Attaq Area, Shabwa Governorate) in Yemen with an interest of 30.875%. This agreement has been approved by the Yemeni Ministry of Oil and Minerals. Block 70, which covers an area of 1,367 square kilometres, is located in the south-eastern part of Central Yemen’s Marib...
Access Energy unsuccessful in its bids to obtain Saskatchewan oil sands exploratory permits
On July 24, 2008, Access Energy Inc. announced that it intended to submit bids for all five of the oil sands exploratory permits covering approximately 810,000 acres that were posted for sale by the Province of Saskatchewan on May 29, 2008. Yesterday, the Province of Saskatchewan announced that there were no successful bidders for these oil sands exploratory permits. Paul A. Parisotto, President &...
Potential Oil Fields Being Opened for Exploratory Drilling in the Atlantic Northeast of Iceland
Following the decision of the Icelandic government to start tendering exclusive licences in January 2009 for oil exploration in the Dreki area (in the Atlantic, northeast of Iceland on the Jan Mayen Ridge, between Iceland and Jan Mayen Island), an international conference has been announced in Reykjavik on 4-5 September. The Icelandic National Energy Authority and the Ministry of Industry have organized...
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