Exxon Mobil Corporation announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Türkiye Petrolleri Anonim Ortakl??? (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become operator during the initial exploration phase and earn a [...]
Ritchie Bros. Auctioneers, the world’s largest auctioneer of industrial equipment, attracted thousands of bidders to seven unreserved public auctions in four countries last week - including its first ever auction in Poland. The successful multi-million dollar equipment auction in Katowice, Poland on November 14, 2008 attracted hundreds of on-site and online bidders from 26 countries. [...]
Further to the announcement on November 6, 2008, Energem Resources Inc. announce that, following approval from over 99% of votes cast at the Company’s recent shareholders’ meeting in respect of the Company’s proposed disposal of the remaining 30 percent interest in the refined fuel product tank farm and distribution facility at Apapa Port, Lagos, Nigeria [...]
Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, announced it has completed the previously announced sale of 53 single-engine aircraft and related assets operating in the U.S. Gulf of Mexico to Rotorcraft Leasing Company, L.L.C. for approximately $65 million. Bristow received approximately 20% of the purchase price at closing, [...]
vMonitor, Inc. announces early results of its Aggressive Growth Strategy in oil and gas wireless automation and field optimization solutions.
vMonitor Director Tom Bates, former Managing Director at Lime Rock Partners and former CEO of Weatherford Interra, describes the Company’s strategy as follows: “vMonitor has succeeded in developing the broadest, most comprehensive of wireless oil and [...]
The Shenhua Ningxia Coal Industry Group and its partner Sasol, today signed a contract with Foster Wheeler International Corporation and Wuhuan Engineering Company to carry out the Feasibility Study for an 80 000 bbl/d coal to liquids (CTL) plant at the Ningdong Chemicals Base in the Ningxia Hui Autonomous Region of China.
The Ningdong base is [...]
Calvalley Petroleum Inc. announce that it has entered into its first Production Sharing Contract with the Ethiopian Government for the exploration, development and production of petroleum resources in the Gimbi and Metema blocks under a single contract covering a total area of over 46,470 square kilometers (11.5 million acres). Both blocks are located in [...]
The world witnessed a step towards a fundamental element of peace, stability and socio-economic development when Angolan citizens voted during the legislative poll held September 5, 2008. An Australian professional mining company CityView Corporation is rewarded for its foresight and now revels in a most enviable position.
Oil is the backbone of Angola’s economy and they [...]
Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell Chevron Nigeria Holdings Limited to Corlay Global S.A, a Panamanian company owned by an African-based consortium composed of MRS Holdings Limited and Petroci Holdings. Chevron Nigeria Holdings Ltd. is a Bermudan company that holds 60 percent of the issued shares of [...]
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 [...]
