Mainland Resources, Inc. Appoints Ernest G. Sorochan, P. Eng. as Board Director

Mainland Resources, Inc., a Nevada corporation has appointed Ernest G. Sorochan, P. Eng. as a Director of the Board effective July 17, 2008. Ernest G. Sorochan is a Professional Engineer with a long history of project management, engineering oversight, economic evaluation and operational experience working for international oil and gas companies. Mr. Sorochan has built a professional career focusing... 

Wachovia: Petrobras in Rig Contract with Transocean

Wachovia Capital Markets analyst Tim Curran says in a note to investors that Transocean will lease-purchase and manage a newbuild drillship that Brazil’s Petrobras is building to use for projects offshore the West African nations of Angola and Nigeria. Curran says Transocean will run the drillship under a 10-year contract, with an option for a 10-year extension. Transocean will buy the unit for... 

Roughnecks Get Maids as Shell, Exxon Battle Oil Worker Shortage

Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals. “I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a racket when you’re trying to get a few winks,”... 

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Addax Petroleum announces year-end reserves and 2006 average oil production

Addax Petroleum Corporation announces that its Board of Directors has accepted a reserve report prepared by Netherland, Sewell & Associates Inc., independent oil and natural gas reservoir engineers (“NSAI” and the “NSAI Report”), that evaluates all of the Corporation’s petroleum reserves. As at December 31, 2006, NSAI estimates gross working interest proved plus probable... 

Nigeria: Addax Petroleum Completes $1.6 Bn Acquisition of Pan-Ocean Energy

ADDAX Petroleum Corporation has announced the completion of the previously announced acquisition of almost all of the assets and operations of Pan-Ocean Energy Corporation Limited for cash consideration of CDN $1.605 billion (Canadian dollars). Mr Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum noted that he was delighted at the pace and efficiency, which has dogged the... 

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