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 [...]

The global law firm of Thompson & Knight has assisted Sonangol, the state-owned oil company of Angola, in a transaction for one of the world’s largest integrated natural gas projects. Under terms of the deal, Sonangol’s Sonagas unit and Chevron Corp., together with their European partners Total SA, BP PLC, and Eni SpA, have agreed [...]

Technip has been awarded by Wintershall Noordzee B.V. a lumpsum contract, to assist in the development of the E-18 and P-9 gas fields in the Dutch sector of the North Sea.
The contract covers:
* Assembly and installation of a 5.4 kilometer 10” rigid flowline (1) between the new E-18 platform and an [...]

Universal Power Corp. announced that further to its news releases dated June 24, 2008 and July 21, 2008 the transactions to acquire a 30% carried interest in Petroleum Exploration Licence (”EL”) 2815 off-shore Namibia and purchase an additional 70% of Kunene Energy (Pty) Ltd, (”Kunene Energy”) have now been completed.
Namibian Oil & Gas Assets
On February [...]

Sasol Petroleum International (SPI) has obtained a 51% working interest in four hydrocarbon prospecting licenses covering a land area of 37 000 square kilometers, close to established gas fields in the “foreland” area of Papua New Guinea. Seismic surveying is scheduled to commence in October 2008.
The exploration work will be carried out by newly formed [...]

A number of independent and major exploration and production companies will attend a forum focusing on development of Sub-Saharan Africa’s prodigious natural gas reserves, September 3 & 4 in Houston.
Among the organizations that will be represented at the meeting are: Artumas Group, Chevron, Citigroup, ConocoPhillips, Marathon Oil Corporation, PetroSA, Repsol YPF, Sasol, Fortesa, Hyperdynamics, MedEnergy, [...]

Oil and gas exploration company Sentry Petroleum Ltd. announced today that it has commenced seismic data analysis on ATP 865 for the Company’s upcoming 2008 exploration program. MBA Petroleum Consultants, a leading independent evaluator, has been retained to provide an assessment of ATP 865 and the Company’s existing leads and prospect. MBA is presently loading [...]

Violence, corruption and unrealistic demands from foreign investors have benefited natural gas development across Sub-Saharan Africa by driving investment from Nigeria into many other competing countries. A study by Zeus Development Corp. finds that 29 of 47 countries that comprise the subcontinent are now improving gas-development policies and advancing projects.
“From Senegal around the Cape of [...]

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 [...]

Iraqis trying to gas up their cars sat in lines that stretched for miles through downtown Baghdad, as the government prepared to accept bids on its petroleum fields.
The country’s fragile oil distribution system means that periodic shortages appear from time to time. But this week’s crunch seemed among the worst.
Iraq announced Monday that it will [...]