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Pakistan Oil and Gas Make Policy To Support Oil and Gas Exploration Companies
The News reported that Exploration and Production companies would be offered USD 4.08 per mmbtu in as per 2009 petroleum policy, which was USD 3.65 per mmbtu in 2007 and USD 2.99 per mmbtu in 2001 petroleum policy.
IPIC targets $20 billion investment
Abu Dhabi’s IPIC plans an aggressive move into oil and gas exploration and production and aims to double its investment portfolio to $20 billion in the next five years, IPIC’s new managing director said yesterday.
The International Petroleum Investment Company, IPIC, invests in oil related projects for the government of Abu Dhabi, which controls more than [...]
Pakistan Petroleum Plans Intl Oil & Gas Exploration
State-run Pakistan Petroleum Ltd. (PPL.KA), in a joint venture with Austrian oil and gas company OMV AG (OMV.VI), hopes to acquire oil assets in Africa, the Middle East and Central Asia, a senior company executive said Friday.
Pakistan Petroleum – leading energy-deficient Pakistan’s drive to buy stakes in foreign fields – plans to invest $15 million [...]
Pemberton Energy Ltd. – Corporate Update
Pemberton Energy Ltd. wishes to announce that it has engaged the services of Chapman Petroleum Engineering Ltd. to provide engineering, geological and geophysical services on an in-depth ongoing basis, assisting with the Company’s exploration, development and production activities. Key individuals directly involved in engineering, geological and geophysical evaluation will participate in the Company’s incentive stock [...]
Capricorn Energy New Success Story?
Scottish oil junior Cairn Energy [LSE:CNE], holding vast producing oil acreage in South-East Asia (India, Bangladesh, Pakistan and Nepal), has again made headlines lately. Based on its statements that it plans to return $944 million to shareholders after floating its Indian business, investors have renewed their interest.
Cairn has decided to split up its former company [...]
Govt’s energy strategy: PM for upping exploration activities
Prime Minister Shaukat Aziz has instructed the Ministry of Petroleum and Natural Resources to take further steps for increasing the exploration and drilling activities besides expediting the implementation process of Iran-Pakistan-India (IPI) gas pipeline.
He said there is surge in the energy demand as a result of the high growth achieved by the country during the [...]
Chinese drilling firms asked not to work in Balochistan
The Chinese embassy in Pakistan has barred its country’s services companies from oil and gas exploration and production work in Balochistan for security reasons. This can adversely hit Pakistan’s efforts to restart drilling activities in the province.
Chinese embassy’s advisory put Pakistan Petroleum Limited (PPL) into limbo as after M/s Great Wall Drilling Company (GWDC) denial [...]
Pacific Energy & Mining Company Appoints New Officers
Pacific Energy & Mining Company (PINKSHEETS: PEMC) announced the appointment of the following new officers and directors:
Jerry Kumar has over 30 years experience in insurance, satellite television and cable TV. Mr. Kumar brings his experience in major industries to Pacific Energy. Prior to Joining Pacific Energy, Mr. Kumar was a director of CF Green Corp., [...]
Tullow Oil: Record 2006 Interim Results
Tullow Oil plc (”Tullow”) (LSE: TLW), the independent oil and gas, exploration and production Group, announces its interim results for the six months ended June 30, 2006. These results have been prepared in accordance with the Group’s policies under International Financial Reporting Standards (IFRS).
Tullow had a strong first half of 2006. Trading and production reached [...]
