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Last updated on April 19, 2014 at 18:42 EDT

Latest National oil company Stories

2014-02-26 12:21:40

BRONX, N.Y., Feb. 26, 2014 /PRNewswire/ -- The Simon Bolivar Foundation, the charitable organization of CITGO Petroleum Corporation, is accepting letters of interest for grants from qualifying organizations that offer services to South Bronx residents in the areas of education, environment, healthy living and arts and culture. Eligible 501 (c)(3) organizations can apply online at the Foundation's website: www.simonbolivarfoundation.org. Applications must be received by March 27,...

2014-02-12 12:23:14

LONDON, Feb. 12, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:Leading Oil & Gas National Oil Companies - Financial & Operational Fundamental Analysis and Benchmarking-2013Leading Oil & Gas National Oil Companies - Financial & Operational Fundamental Analysis and Benchmarking-2013Summary"Leading Oil & Gas National Oil Companies - Financial & Operational Fundamental Analysis and Benchmarking-2013" is the latest report from...

2013-12-23 08:28:39

HOUSTON, Dec. 23, 2013 /PRNewswire/ -- The Simon Bolivar Foundation, in a joint effort with CITGO Petroleum Corporation (CITGO) and its ultimate parent company, Petroleos de Venezuela, S.A. (PDVSA), will donate more than 1,000 refurbished dome tents to Matthew 25: Ministries Inc., a 501(c)(3) non-profit organization, which will facilitate the delivery of this donation to typhoon victims in the Philippines. "At the Simon Bolivar Foundation, we wish to express our solidarity with our...

2013-06-14 16:22:05

HOUSTON, June 14, 2013 /PRNewswire/ -- CITGO Petroleum Corporation announced today that Dr. Nelson P. Martinez has assumed the position of president and CEO. Additionally, Martinez had been appointed as chairman and member of the board of directors on May 23, 2013. These positions had previously been held by Alejandro Granado. In his new role, Martinez will oversee all aspects of the operations of one of the largest refiners in the United States with an aggregate crude oil refining capacity...

2013-05-15 20:21:13

HOUSTON, May 15, 2013 /PRNewswire/ -- CITGO Petroleum Corporation, an indirect wholly owned subsidiary of Petroleos de Venezuela, S. A. (PDVSA), has declared a $461 million dividend to its parent for the first quarter of 2013. The amount, to be paid on May 20, is a record for a single quarter since 2009. "The payment of this dividend reflects the strength of our operations and our continued alignment with our parent company," said Alejandro Granado, chairman, president and CEO of...

2013-05-15 08:22:32

LONDON, May 15, 2013 /PRNewswire/ -- Oil & Gas IQ (http://www.OilandGasIQ.com [http://www.oilandgasiq.com/strategy-management-and-information/articles/oil-and-gas-companies/?&shownewswindow=1&mac=OGIQ_Events_Title_Listing_2011&utm_source=OilGasIQ&utm_medium=Eloqua&utm_campaign=OG_PRNEWSWIRE&utm_content=dlc&utm_term=dlc ] ), a leading online resource and community for the Oil and Gas industry has released its list of the top 10 biggest oil and...

2012-11-01 15:23:38

HOUSTON, Nov. 1, 2012 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today announced that, having received the approval of the Government of Equatorial Guinea, it has acquired a 31% non-operating working interest in a production and development area ("PDA") in Block P, offshore Equatorial Guinea from PETRONAS CARIGALI OVERSEAS SDN BHD. VAALCO paid $10 million for the working interest. (Logo: http://photos.prnewswire.com/prnh/20100316/NY71495LOGO) The PDA, which is operated by GEPetrol,...

2012-09-11 02:21:50

HOUSTON, Sept. 11, 2012 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) today announced that as required by the Sale and Purchase Agreement described below, Harvest and PT Pertamina (Persero) met to evaluate the progress toward the closing of the sale by Harvest of its interests in Venezuela and that the parties have agreed to continue pursuing the various approvals required to close the transaction. On June 21, 2012, Harvest announced that its wholly-owned subsidiary, HNR...

2012-08-23 02:23:06

HOUSTON, Aug. 23, 2012 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a four-year contract by Petrobras, Brazil's national oil company, for the supply of subsea wellhead systems and associated tools to be used in the drilling of deepwater wells offshore Brazil. Based on current exchange rates and after Brazilian taxes, the contract is valued at $650 million if all of the equipment under the contract is...

2012-06-21 10:21:56

HOUSTON, June 21, 2012 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) (Harvest or the Company) today announced that its wholly-owned subsidiary, HNR Energia B.V., has signed a definitive Share Purchase Agreement (SPA) with PT Pertamina (Persero), the national oil company of Indonesia (the Buyer), to sell all of the Company's interests in Venezuela for $725.0 million in an all-cash transaction. Net proceeds from the sale are estimated to be approximately $525.0 million after...