India's federal government may auction a 5% stake in Oil & Natural Gas Corp., a senior oil ministry official said Monday. The government owns 74.14% of ONGC and plans to sell 427.77 million shares, which will trim its holding to 69.14%.
TAM International Inc., an independent oilfield services company providing inflatable and swellable packers, today announced a new TAM manufacturing facility to be built in the Houston area.
The expansion will allow TAM to support growth in the production of existing TAM products and improve capacity for manufacturing large offshore products for oil and gas production.
The Slovak Republic has achieved impressive results in increasing energy efficiency in recent years but can do more to strengthen its energy security and industrial competitiveness, including further diversifying its energy sources and improving regional integration, according to a review of Slovak energy policies published by the International Energy Agency (IEA).
Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, is expected to receive up to $7 billion worth of bids to complete eight offshore oil platforms in a tender this week, local business daily Valor Economico reported.
TGS has commenced acquisition of the Bucklin multi-client 3D onshore survey in the United States. The newest onshore project is 280 square miles (725 square kilometers) in size and is located in Ford and Kiowa Counties in Southern Kansas.
Increased air, water, land and biodiversity monitoring in the oil sands will begin this year as the governments of Canada and Alberta take a major step forward in their partnership to improve environmental monitoring in the oil sands region.
Seadrill has secured new contracts for the three jackup rigs Offshore Mischief, Offshore Defender, and West Leda. The aggregated revenue potential is estimated at $311 million inclusive of mobilization fees and assignment specific rig modifications.
Brazilian state-run energy giant Petroleo Brasileiro , or Petrobras, said late Friday that it had discovered a new accumulation of oil and natural gas in a remote region of the Amazon rainforest.
Petrobras said it made the discovery in the Solimoes Basin, about 25 kilometers from the Urucu field that has been producing for 25 years.
Frade Japão Petróleo Limitada (FJPL),has confirmed the updated information regarding the oil sheen which was found in the vicinity of the Frade oil field, offshore Brazil on 8th November 2011.
National Oilwell Varco Inc. led gains among energy stocks Friday, rising as the oil service firm set plans to buy a pipe firm for $670 million on the heels of a better-than-expected profit report.
Oil service shares turned in the healthiest advance among the difference energy stocks, boosted by a stronger-than-forecast January jobs report.
VIENNA -- Hydrocarbons are present in Romania's first deepwater well, Domino-1, OMV Petrom said in a statement released Friday by its parent company, the Austrian oil and gas company OMV.
PARIS -- French oil major Total Friday confirmed it was planning to resume its exploration activities in South Sudan, following the lifting of international sanctions, but declined to elaborate.
Total, operator of the Hild license, has launched the development of the Hild field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and Norwegian Parliament (Storting).
Aker Solutions has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company's Jubilee and Tano deepwater fields offshore Ghana, West Africa.
U.K.-based Tullow Oil PLC signed a memorandum of understanding with the Ugandan government to complete the much-delayed sale of part of its stakes in the country oil assets to Frances's Total SA and China's CNOOC Ltd. for $2.9 billion, officials said.
BRUSSELS -- Russian natural-gas supplies to Europe were curtailed for a third straight day Friday, as particularly cold winter weather increased Russia's domestic demand and hit flows to a number of European Union countries.
Royal Dutch Shell confirmed it has agreed a deal to sell a 20% stake in a Canadian shale gas project to state-controlled PetroChina Co., saying that the move was the latest example of its strategic co-operation with parent China National Petroleum Corp.
Brazil's second major offshore oil spill in four months appears to have been contained, but the latest accident raises questions about the safety of offshore drilling as the country barrels ahead with plans to develop massive offshore reserves.
Total, operator of the Hild license, has launched the development of this field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion
PetroNova Inc., a company engaged in the exploration and development of oil and natural gas resources in Colombia, today announced an oil discovery at its Puerto Gaitan 1 exploratory well located on the CPO-06 Block (in which PetroNova has 20 percent working interest) in Colombia's Llanos Basin.
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