Oil & Gas Exploration and Production

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OGX Petroleo e Gas Participacoes SA's second well of Tubarao Martelo enters into production

Monday, 9 Dec 2013 07:40am EST

OGX Petroleo e Gas Participacoes SA:Says on Dec. 8 the second well OGX-44HP- in the Tubarao Martelo camp, located in the BM-C-39 and BM-C-40 blocks, entered into production.

Pacific Rubiales Energy Corp establishes company in Bermuda

Friday, 6 Dec 2013 02:57pm EST

Pacific Rubiales Energy Corp:Says it has established a new company, Pacific Reinsurance Limited, in Bermuda.Says the company will provide the coverage of insurance and reinsurance to its parent and subsidiaries in different lines of business.Says the newly created entity obtained its Certificate of Registration with the Bermuda Monetary Authority, as Insurer Class 1 on Nov. 14.

Mitsubishi Electric Corp Expands Presence in China's Energy-System Market - Asahi Shimbun

Thursday, 17 Oct 2013 08:00pm EDT

Asahi Shimbun reported that Mitsubishi Electric Corp has established Mitsubishi Electric Power & Electrical Infrastructure Systems (Beijing) Co. (MEPIC) in China's capital to provide energy-system sales, engineering and related services.

Pacific Rubiales Energy Corp Incorporates PRE LNG Port Corp And Pacific Procurement Services Sarl

Monday, 23 Sep 2013 07:47pm EDT

Pacific Rubiales Energy Corp (PREC) announced that on August 29, 2013 it incorporated PRE LNG Port Corp under the jurisdiction of the British Virgin Islands (BVI). PRE LNG Port Corp, in turn, on August 29, 2013 under the same jurisdiction incorporated PRE LC Pipeline Corp. Both companies will own the assets associated with the PREC Gas Export Project. Additionally, on July 19, 2013, PREC incorporated Pacific Procurement Services Sarl under the jurisdiction of Luxembourg. The aforementioned company has a share capital equal to the amount of USD 100,000 and it is engaged in the procurement services in favor of PREC’s subsidiaries. On August 22, 2013 Pacific Procurement Services Sarl established a branch in Panama called Pacific Procurement Services Sarl (Panama Branch). This branch, with a capital of USD10,000, is engaged in the provision of procurement services.

Mirach Energy Ltd Incorporates A New Singapore Subsidiary - Acrux Procurement (singapore) Pte Ltd

Monday, 29 Jul 2013 05:09am EDT

Mirach Energy Ltd announced that it has incorporated a wholly-owned subsidiary Acrux Procurement (Singapore) Pte Ltd (Acrux), a Singapore-incorporated company with a total issued and paid-up capital of SGD10,000.00 comprising 10,000 ordinary shares. The principal business of Acrux will be related to the procurement and distribution of crude oil and other energy related products and services to meet the requirements and increasing needs of our partners and customers.

Interra Resources Ltd's Goldwater KP Pte. Ltd Announces Incorporation Of Subsidiary

Monday, 15 Jul 2013 05:25am EDT

Interra Resources Ltd announces that the Company’s wholly-owned subsidiary, Goldwater KP Pte. Ltd. (GKP), has incorporated a subsidiary known as Mentari Pambuang Internasional Limited (MPIL) under the laws of the British Virgin Islands with a total issued and paid-up capital of USD100. GKP holds 49% of the issued and paid-up share capital of MPIL. The other shareholders of MPIL are Energy Alam Mandiri Ltd and Mentari Abdi Nusa Limited, which respectively hold 10% and 41% of the issued and paid up capital of MPIL.

Hibiscus Petroleum Berhad Announces Incorporation Of Wholly-Owned Subsidiary In Labuan

Thursday, 11 Jul 2013 08:00pm EDT

Hibiscus Petroleum Berhad announced that Oceania Hibiscus Sdn Bhd, its wholly-owned subsidiary, has on July 12, 2013 incorporated a wholly-owned subsidiary company in Labuan under the Labuan Companies Act, 1990, namely Althea Corporation Limited, with an issued and paid-up share capital of 1 ordinary share of AUD1.00 each. The principal activity of Althea is investment holding and as of the date of this announcement, is a dormant company.

Oil and Natural Gas Corporation Ltd's ONGC Videsh Ltd Withdraws Press Statement On Mozambique Deal Along With Oil India Ltd-Business Standard

Monday, 10 Jun 2013 11:13am EDT

Business Standard reported that After announcing a major deal, Oil and Natural Gas Corporation Ltd's ONGC Videsh Ltd withdraws press statement that said it along with Oil India Ltd will buy Videocon Industries Ltd's 10% stake in Mozambique gas field for $2.475 billion. The acquisition is to be done through a joint venture of OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC) and OIL, the earlier statement issued by ONGC said. OVL will hold 60% stake in the joint venture while OIL will have the remaining 40%.

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