Magnolia Petroleum Acquires Additional Acreage in Oklahoma

Magnolia Petroleum - 02/15/2012

Magnolia Petroleum Plc has acquired an additional 480 gross acres with an average 83.33 percent working interest in the oil producing Mississippi Lime Formation, Oklahoma. Magnolia COO, Rita Whittington said, "I am delighted that we have acquired additional significant acreage with large working interests in the Mississippi Lime Formation in Oklahoma, a reopening oil play with huge potential where we already hold interests.

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New directors for Exploration & Production and Gas & Energy take office at Petrobras

Petrobras Agency - 02/15/2012

The new directors for Exploration & Production, José Miranda Formigli, and Gas & Energy, José Alcides Santoro, took office this Tuesday morning (14) during a ceremony held at Petrobras' main office building, in Rio de Janeiro. Taking part in the event were Petrobras' CEO, Maria das Graças Silva Foster, E&P Director Guilherme Estrella, who handed over the office, and Company managers and technicians.

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Aker Solutions delivery SRU's P-62 for Petrobras

Aker Solutions - 02/14/2012

The Sulphate Removal Systems (SRU, English: Sulphate Removal Unit) of the P-62 weighs approximately 190 tons and were manufactured by the division of Aker Solutions Process Systems of Brazil, in the port of Rio de Janeiro.

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Exillon Energy Announces Double-digit Increase to its Proved Reserves

Exillon Energy - 02/13/2012

Exillon Energy, the UK oil producer focused on the Russian oil regions of Timan-Pechora and West Siberia , announced Monday double-digit percentage increases in its reserves.

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Tap Oil Sells Harriet Subsidiary to Apache

Tap Oil - 02/13/2012

Tap Oil Limited (Tap) has executed an agreement to sell its wholly owned subsidiary, Tap (Harriet) Pty Ltd, to a subsidiary of Apache Corporation (Apache) for $10 million. Tap (Harriet) Pty Ltd holds a 12.2229% interest in the Harriet Joint Venture (HJV) as well as a 10% interest in WA-45-R, WA-46-R and a 20% interest in WA-334-P.

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