News / International

Gulfsands enters agreement to acquire interest in blocks in Tunisia and Southern Italy

Gulfsands Petroleum plc, announced that the Company has reached an agreement to acquire working interest positions in two exploration permits in Tunisia (Chorbane and Kerkouane Permits) and one exploration permit in Southern Italy (G.R15.PU) from AuDAX Resources Ltd.

Chinese players eyeing Statoil field

Many reports indicate that four Chinese companies will be placing their bids for a 40% stake in a field off Brazil, being offered by the Norwegian giant Statoil.

EnCore and Egdon fix deal

EnCore Oil announced that it sealed an agreement with Egdon Resources for the sale of its UK and French onshore property and a share in the UK offshore Ceres gas field.

PetroChina sets sights on the Mideast

PetroChina, China's top energy company, stated that it's planning to boost its presence in the Middle East in a move intended to increase foreign production to meet a shortfall from domestic fields.

Agreement reached to acquire Arrow Energy Limited

Shell Energy Holdings Australia Ltd. (Shell), a subsidiary of Royal Dutch Shell plc, and PetroChina International Investment Company Ltd (PetroChina), a subsidiary of PetroChina Company Limited, welcome the announcement by the Board of Arrow Energy Limited (Arrow) to unanimously recommend its shareholders vote in favour of the joint proposal to acquire 100% of Arrow shares.

KNOC keen on Jubilee slice

The South Korea's national oil company (KNOC) is eyeing Ghana's giant Jubilee oil field, according to the Korean firm and Ghana's state oil agency.

Shell: new discovery in the Gulf of Mexico

The Royal Dutch Shell announced a significant new oil discovery in the deepwater eastern Gulf of Mexico, located at the Appomattox prospect in 2,200 meters of water in Mississippi Canyon blocks 391 and 392.

Key Energy Services Enters Middle East Market

Key Energy Services Inc. has formed a joint venture with AlMansoori Specialized Engineering of Abu Dhabi, United Arab Emirates. The new joint venture, AlMansoori-Key Energy Services L.L.C., will be headquartered in Abu Dhabi and will provide well intervention services in the Middle East and North Africa.

ExxonMobil eyes BG

Mouth-Watering five star rumors of a multi-billion pound energy deal swept dealing rooms! Shares in British gas producer BG Group have risen following market talk about ExxonMobil's interest in the company, traders said.

OPEC decides to keep production targets steady

The city of Vienna saw the 156th meeting of representatives of OPEC (Organization of the Petroleum Exporting Countries). They decided not to make any changes in production quotas or oil prices, and praised the current world crude oil price of about $80 as high enough to encourage new exploration and production and low enough to avoid killing the global economy's fragile recovery.

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