NACTO Group Inc told the press saying that the company has just been awarded a $24.9 million contract to provide membrane separation technology and equipment to capture CO2 for re-injection in Bouri, Libya’s largest offshore oil field. An oil company operating in the Mediterranean Sea, operates the Bouri production platforms, one of which will house [...]

WSP Holdings Limited, a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction (”Oil Country Tubular Goods” or “OCTG”), and other pipes and connectors, today announced that its wholly-owned subsidiary, Wuxi Seamless Oil Pipes Company, Limited (”WSP China”), [...]

Marathon Oil Corporation announced that it has entered into a definitive agreement with Centrica plc, the parent company of British Gas, under which Centrica will purchase Marathon’s non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. The transaction, which has a total value of $416 million and an [...]

The U.S. Supreme Court rejected an attempt by victims of a deadly refinery explosion to block a plea deal between BP PLC and prosecutors.
The Supreme Court’s action means a federal judge in Houston can now decide whether to give final approval to the much criticized plea deal, which settles criminal conduct by the London-based oil [...]

La Cortez Energy, Inc. is pleased to announce the appointment of Mr. Jaime Ruiz Llano to the Company’s Board of Directors.
Jaime Ruiz Llano has been involved in government affairs in Colombia for the past 20 years. Mr. Ruiz has held various high level government positions throughout his career. In 1991, Mr. Ruiz was elected as [...]

Sonterra Resources, Inc. (OTC Bulletin Board: SOTR) announced today that Donald Vandenberg has been named as Chief Executive Officer and President of Sonterra effective as of June 23, 2008. Gary Lancaster has been named as Vice President and Chief Legal Officer of Sonterra as of June 23, 2008.
Michael Pawelek, Sonterra’s current Chairman of the Board [...]

ERG SpA, Italy’s largest independent refiner, said Tuesday signed a joint venture deal with Lukoil, Russia’s largest private oil company.
ERG said in a statement that a new company will be created — 51 percent owned by the ERG Group and 49 percent by Lukoil.
ERG will contribute the assets of its refinery in Priolo, a town [...]

A consortium that includes Italian oil company Eni SpA and Malaysia’s Petroliam Nasional Bhd (Petronas) have made an onshore gas discovery in Pakistan, Eni said on Monday.
The discovery was at the Saqib 1A well in the Mubarak exploration block, Sindh province, Eni said in a statement. The block’s operator is Petronas Carigali Pakistan Ltd., with [...]

Venezuela’s state oil company wants to increase crude production by nearly 8 percent this year.
Petroleos de Venezuela SA says it hopes to produce more than 3.4 million barrels per day.
State oil company vice president Luis Vierma says the company is investing some $15 million this year — up 50 percent from 2007.
Vierma says that Venezuela [...]

Russian shareholders involved in a bitter public dispute with BP PLC over its TNK-BP joint venture have no intention of selling their stake.
Billionaire tycoon Mikhail Fridman says he and the other Russian partners in TNK-BP will press their demands for the ouster of its American chief executive and other changes in the oil company, which [...]