Verenex Energy Inc. announce that it has submitted a Final Appraisal Report for the A1-47/02 Field to the Area 47 Management Committee which includes representatives of Verenex, Medco International Ventures Limited and the Libyan National Oil Corporation (”NOC”). The Report recommends that the field be declared commercial as a first step in advancing a 50,000 [...]
Canadian Superior Energy Inc. announced today what it calls its “Oasis” Project, referring to the Company’s entry into North Africa. Oasis commenced with the formal signing ceremonies for the offshore “7th of November Block” Exploration and Production Sharing Agreement (”EPSA”) that were conducted Wednesday, August 27, 2008, in Tunis, Tunisia. Canadian Superior and the Tunisian/Libyan [...]
India said it has signed pacts for auctioning 115 oil and gas exploration blocks during the past five years under a new policy.
Minister of Petroleum and Natural Gas Murli Deora said in a statement to Parliament that India had signed production-sharing contracts for 115 exploration oil blocks during the past five years under the new [...]
India’s state-owned Oil and Natural Gas Corp. said it will notify four oil and gas discoveries in a month to the Directorate-General of Hydrocarbons.
The decision came at an ONGC board meeting Monday, an ONGC statement said Tuesday.
The board also cleared three major investments for growth-oriented projects, the statement said, adding these are the reconfiguration of [...]
Petro-Canada is reporting oil and gas discoveries at two exploration wells: one in the U.K. sector of the North Sea and one in deep water off Trinidad and Tobago.
In Trinidad and Tobago, the Cassra-1 well in deep-water Block 22 was completed as a significant natural gas discovery. Petro-Canada operates the well and holds a [...]
Private energy major Cairn India Ltd. said Thursday it made two new oil and gas discoveries in Rajasthan state.
The company also announced the extension of its exploration activities in Rajasthan for another six months. Sharing the details of the oil and gas discoveries, a company statement said it made the discoveries in Kameshwari west-2 [...]
Houston - Accounting, tax and business advisory firm Grant Thornton LLP announced recently that, according to its 2007 Survey of Upstream U.S. Energy Companies, the top concern among energy executives is the uncertainty of natural gas and oil prices in the near future.
More than 80 companies (40 percent public and 60 percent private) responded to [...]
International Sovereign Energy Corp. is pleased to report that agreement in principle has been reached with Mari Gas Company Limited (”MGCL”) of Islamabad, Pakistan to farm into a twenty percent (20%) and fifteen percent (15%) working interest from MGCL’s interests in, respectively, the Sujawal and Sukkar Blocks located in Sindh Province, Southern Pakistan. The [...]
The Board of Directors of Century Petroleum Corp. reports that James B. Hersch agreed to join the Company as its Chief Executive Officer and President.
Mr. Hersch, 54, is a 30-year veteran of the petroleum industry who has covered a wide range of technical, operational and managerial positions. In 1981, Mr. Hersch joined Anadarko Petroleum Corporation, [...]
Hyperdynamics recently announced that it has contracted with Applied Drilling Technology, Inc. (“ADTIâ€), a wholly owned subsidiary of GlobalSantaFe, to provide a detailed assessment of drilling infrastructure, support services and operating environment offshore the Republic of Guinea, West Africa.
The ADTI study will be used in conjunction with a well design to produce an estimated project [...]
