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Middle East Oil & Gas News

KNPC Plans $1.3 bln Oil Products Storage Plant
Kuwait >> 5/24/2017 - Kuwait National Petroleum Co (KNPC) is considering building a large storage plant for oil products at a cost of 400 million Kuwaiti dinars ($1.32 billion), its chief executive said. ...
Kuwait National Petroleum Signs $6.25 bln Loan for Clean Fuels Project
Kuwait >> 5/24/2017 - Kuwait National Petroleum Co (KNPC) has signed a $6.25 billion loan with international lenders to back its planned Clean Fuels project, the company announced. The financing was backed by seven export ...
PDO Signs $35M Deals with Omani Firms
Oman >> 5/24/2017 - Petroleum Development Oman (PDO) has signed three contracts worth $35 million with Omani firms for the supply and servicing of compressors. ...
Kuwait Says Agreement on Oil Output Cuts must Satisfy all Parties
Kuwait >> 5/23/2017 - Oil producers agree they need to do whatever is necessary to restore balance to the crude market but any decision on output cuts must satisfy all parties, Kuwait's oil minister told state news agency ...
CGG Wins Extension until 2021 for Oman Dedicated Center
Oman >> 5/23/2017 - CGG announced the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO) for the provision of subsurface imaging technology and services at its dedicated processing ce...
BP Khazzan project On Track for First Gas with the Completion of 50 Wells
Oman >> 5/23/2017 - BP has reached a significant milestone in the development of the Khazzan gas project with the successful drilling and completion of the fiftieth well at the large gas field in Block 61. This is the fi...
Proserv Middle East Secures Multiple Contract Awards
United Arab Emirates >> 5/23/2017 - Energy services company Proserv has recently been awarded a series of contracts worth a combined value of more than $11million USD for its production control new-build and after-market services in the...
Iraq Ministry of Oil Modifies the Contract of Developing Seeba Gas Field
Iraq >> 5/21/2017 - The ministry of oil "represented by the Basrah oil company" signed on an additional modification on the contract with the awarded companies to develop the Seeba gas field in Basrah governorate in the ...
PDO Plans to Award More Contracts to Local Community Firms
Oman >> 5/21/2017 - Oman’s national oil firm Petroleum Development Oman (PDO) plans to increase the number of contracts awarded to local community contracting companies (LCCs) as part of a larger initiative to strengthen...
Oman's Natural Gas Production, Imports Dropped in Jan-April Period
Oman >> 5/20/2017 - Oman’s natural gas production and imports edged down by 1 per cent to 13,532 million cubic metres (MNCM) for the first four months of 2017, compared with 13,670 MNCM in the same January to April perio...
Oman Oil Co to Divest Stake in Fuel Giant CLH
Oman >> 5/20/2017 - An international investment fund says it has agreed a deal to acquire state-owned energy investment firm Oman Oil Company’s 10 per cent stake in Compania Logistica de Hidrocarburos (CLH), which owns a...
McDermott and Saudi Aramco Sign MOU at the First Saudi-U.S. CEO Forum
Saudi Arabia >> 5/20/2017 - McDermott International, Inc. signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s ...
Aramco Signs $50B Agreements with US Companies during Trump's Visit
Aramco Signs $50B Agreements with US Companies during Trump's Visit Saudi Arabia >> 5/20/2017 - Saudi Aramco signed agreements with major U.S. companies which will pave way for the company to enhance its business synergy with the U.S. as well as attracting investments from its U.S. counterparts ...
Schlumberger Signs Memorandum of Understanding with Saudi Aramco
Saudi Arabia >> 5/20/2017 - Schlumberger signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.
KBR Awarded FEED Contract for Oman LNG
KBR Awarded FEED  Contract for Oman LNG Oman >> 5/18/2017 - KBR, Inc. has been awarded a Front-End Engineering Design (FEED) and project management services contract for Oman Liquefied Natural Gas LLC (Oman LNG) in Qalhat, Oman. Oman LNG operates three liquefa...
Ramboll Awarded Pre-FEED Study for Al-Shaheen Field
Ramboll Awarded Pre-FEED Study for Al-Shaheen Field Qatar >> 5/18/2017 - Ramboll has been appointed by the North Oil Company (NOC) to carry out a pre-FEED study for three new wellhead platforms at the gigantic field Al-Shaheen, off the north-eastern coast of Qatar in the A...
Dana Gas Receives Partial Payment of $50M from the Egyptian Government
United Arab Emirates >> 5/18/2017 - Dana Gas has received an initial payment of US$ 50 million (AED 184 million) from the Egyptian Government as partial payment of its outstanding receivables. ...
Israeli Energy Firms Delek Drilling, Avner Oil to Finally Merge
Israel >> 5/17/2017 - Israel's Delek Drilling and Avner Oil, both units of conglomerate Delek Group), said on Wednesday they have completed a long-awaited merger and will begin trading next week as one company. ...
Saudi Aramco to Set up New Chemicals Unit
Saudi Arabia >> 5/17/2017 - Saudi Aramco plans to set up a new chemicals subsidiary, the company said in its official magazine, The Arabian Sun. "The Board... approved the creation of a new subsidiary to conduct the company's ch...
Aramco Plans at Least 10 Energy Deals During Trump Visit
Saudi Arabia >> 5/16/2017 - Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visit...
Saudi Arabia Oil Demand - May 2017
Saudi Arabia Oil Demand - May 2017 Saudi Arabia >> 5/16/2017 - In Saudi Arabia, March 2017 oil demand returned to a declining trend as oil demand dropped sharply by 0.24 tb/d or 10% y-o-y, with total oil demand reaching around 2.13 mb/d. On a cumulative basis fro...
Zion Oil & Gas Raises Rig Derrick in Israel
Israel >> 5/15/2017 - With the raising of the derrick, Zion Oil & Gas, Inc will commence acceptance testing in preparation for spudding its Megiddo-Jezreel #1 well, onshore Israel. ...
Kingdom Opens Investment Chances to Korean Businesses
Saudi Arabia >> 5/15/2017 - Nearly 40 Korean companies and 100 participants recently attended the “Downstream Manufacturing Opportunities in Saudi Arabia” forum in Seoul, South Korea, as a way to promote investment opportunities...
Aramco Awards NPCC New Contract for Four Platforms and Pipelines
Saudi Arabia >> 5/15/2017 - Saudi Arabian Oil Company, Saudi Aramco, has awarded a new contract to National Petroleum Construction Company, NPCC, for four Offshore Platforms and associated Submarine Pipelines, Cables and Tie-ins...
Saudi Arabia, Russia Agree Oil Output Cuts until March 2018
Saudi Arabia >> 5/15/2017 - Saudi Arabia and Russia, the world's two top oil producers, agreed to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. ...
PDO’s Miraah Project to Begin Operations from August 2017
Oman >> 5/14/2017 - Oman’s Miraah solar thermal project is expected to begin its first phase operation from as early as August this year, according to a top official at Petroleum Development Oman (PDO). ...
Iraq Minister of Oil Meets with Algerian Minister of Energy
Iraq >> 5/11/2017 - Mr. Jabbar Ali Hussain Al-Luiebi the minister of oil praised the historic relations between the Iraqi & Algerian people. Mr. Al-Luiebi met with the Algerian minister of energy Mr. Nooraldeen Botarfa i...
Questerre Acquires Minority Interest in Red Leaf
Jordan >> 5/11/2017 - Questerre Energy Corporation (Questerre) has made a strategic investment in Red Leaf Resources, Inc. (Red Leaf). Through an agreement with one of the vendors, Whitehorn Resources Inc. (Whitehorn), Que...
DNO Reports Payment for Tawke Deliveries
Iraq >> 5/10/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export mark...
Getech to Support Lebanon's First Offshore Licensing Round
Lebanon >> 5/10/2017 - Getech announces an extension of its agreement to provide consultancy services to the Lebanese Petroleum Authority (LPA) through its wholly owned subsidiary, ERCL. ...
Polarcus Awarded Broadband 3D Project in Asia Pacific
United Arab Emirates >> 5/10/2017 - Polarcus Limited (Polarcus) has received a Letter of Award for a broadband 3D marine seismic project in Asia Pacific. The project is due to commence in Q3 2017 and will run for approximately one month...
EnerMech Launches JV with Khudairi Group
Iraq >> 5/9/2017 - UK-based EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest es...
Omani Cement Firms Form New Joint Venture
Oman >> 5/9/2017 - Two of Oman’s cement producers—Raysut Cement Company and Oman Cement Company—have formed a new cement firm. The new joint venture company, Alwasta Cement Company, proposes to set up a new cement proje...
Aramco to Cut June Oil Supplies to Asia by about 7 mln barrels
Saudi Arabia >> 5/9/2017 - Saudi Aramco will cut oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said. ...
Honeywell UOP and KFUPM Drive Economic Diversification in Saudi Arabia
Saudi Arabia >> 5/9/2017 - In support of Saudi Arabia’s ongoing efforts toward economic diversification and localization initiatives, Honeywell UOP and King Fahd University of Petroleum & Minerals (KFUPM) have unveiled the deta...
Honeywell UOP Signs Agreement to Provide Technology and Equipment for Jordanian Refinery
Jordan >> 5/8/2017 - Honeywell UOP announced today that it has signed an agreement with the Jordan Petroleum Refinery Company (JPRC) to facilitate a $1.6 billion expansion of its refinery in Zarqa, Jordan. This expansion ...
Gulf Drilling International Signs $925M Financing Facility with QIB
Gulf Drilling International Signs $925M Financing Facility with QIB Qatar >> 5/8/2017 - Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). Thi...
Iraq Declares the Primary Statistics of Oil Exports for April 2017
Iraq >> 5/7/2017 - The ministry of oil declared the primary statistics of the exported Iraqi crude oil and the outcome for April 2017 according to SOMO Company. The oil exports for April was (97,574,813) barrels, while ...
PDO Awards $780M Key Contracts to Omani Firms
Oman >> 5/7/2017 - Petroleum Development Oman (PDO) has awarded two key contracts valued at around RO 300 mln to Omani businesses for work in the north of its operations in the Sultanate. ...
Iraq Exports First Shipment of Crude Oil to Egypt
Iraq >> 5/4/2017 - The ministry of oil declared the exportation of the first shipment of crude oil which was (2) million barrels to Egypt through the southern ports. ...

Africa Oil & Gas News

Hyperdynamics Commences Drilling Operations Offshore Guinea
Guinea >> 5/24/2017 - Hyperdynamics Corporation announced that on May 21, 2017 the Pacific Scirocco drillship entered Guinea shelf waters and is commencing drilling operations as provided by the Third Amendment to the Prod...
Sirius Petroleum Selects COSL Rig for Ororo Drilling Campaign
Sirius Petroleum Selects COSL Rig for Ororo Drilling Campaign Nigeria >> 5/24/2017 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that following the analysis of the bathymetry results from t...
ABB’s New Microgrid Technology Lights up Rural Communities & Businesses
Swaziland >> 5/24/2017 - ABB is bringing affordable, safe and reliable electricity to remote communities thanks to its new integrated microgrid solution, MGS100, that enables solar power and battery energy storage. ...
Vallianz Scores New Contracts Worth up to $115m for 4 Vessels
Vallianz Scores New Contracts Worth up to $115m for 4 Vessels Egypt >> 5/23/2017 - Vallianz Holdings Limited, and together with its subsidiaries, has secured long-term charter contracts valued at up to US$115 million in total for four vessels. These contracts were awarded by a nati...
Final TE-8 Results and Revised Estimates
Morocco >> 5/23/2017 - Sound Energy, the African and European focused upstream gas company, recently completed the drilling of its third well at Tendrara in Eastern Morocco, TE-8, achieving Target Depth at 3,120 metres. The...
Africa Oil Updates Kenya Farmout Transaction with Maersk
Kenya >> 5/22/2017 - Africa Oil Corp. (Africa Oil, AOC) is pleased to report that further to the previously announced farmout agreement between Africa Oil and Maersk Olie og Gas A/S (Maersk) (press release 4th February 20...
ABB Showcases Investment in Solar Technology
Swaziland >> 5/22/2017 - As part of its commitment to support the generation of safe, clean and sustainable power, ABB will unveil new solutions resulting from its continued investment in developing innovative solar power con...
Eni Starts Production from Offshore Cape Three Points Block
Ghana >> 5/20/2017 - Eni has launched production from the Integrated Oil & Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in just two and a half years, and three months...
Solo Announces Investment Update Ahead of General Meeting
Tanzania >> 5/19/2017 - Solo Oil plc (SOLO), the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, posted to Shareholders a circ...
Angola's Sonangol Cancels Auction for Eight Oil Blocks
Angola >> 5/18/2017 - Angola's state oil company Sonangol has cancelled an auction of oil exploration licences for eight blocks, blaming the drop in oil prices since the bidding opened. "The remarkable drop in the price of...
Cairn Energy Provides Senegal SNE-6 Appraisal Well Result
Senegal >> 5/18/2017 - Cairn is pleased to announce the results of another successful appraisal well offshore Senegal. Rig performance continues to be excellent and operations have been safely and successfully completed ahe...
ABB’s New Microgrid Technology Lights up Businesses and Rural Communities
Swaziland >> 5/18/2017 - ABB is bringing affordable, safe and reliable electricity to remote communities with its new integrated microgrid solution, MGS100, that combines solar power and enables battery energy storage. The MG...
Shell Seeking $500m in Sale of Tunisian Gas Assets
Tunisia >> 5/18/2017 - Royal Dutch Shell is seeking to sell its gas fields in Tunisia for some $500 million, sources said, as the Anglo-Dutch company pushes forward with its vast disposal program. ...
Rosneft Eyes Joint Oil Supplies to Egypt with Italy's Eni
Rosneft Eyes Joint Oil Supplies to Egypt with Italy's Eni Egypt >> 5/17/2017 - Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesd...
Tullow to Boost TEN Field Output Once Maritime Dispute Resolved
Ghana >> 5/17/2017 - Tullow Oil plans to drill new wells and boost output at its TEN field off the coast of Ghana to 80,000 barrels per day (bpd) once a maritime border dispute with Ivory Coast is resolved, the company sa...
Tullow Oil Announces Emekuya-1 Discovery in Northern Kenya
Kenya >> 5/17/2017 - Tullow Oil plc (Tullow) is pleased to announce that the Emekuya-1 well in Block 13T, Northern Kenya has encountered around 75 metres of net oil pay in two zones. ...
Rig Arrival and Work programme
Morocco >> 5/17/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce that the SAIPEM rig has now arrived at the Company's Sidi Moktar asset, onshore Morocco ahead of the re-entr...
INDUTEC 2017 Day 1 – Where Brilliant Engineering Meets Clever Innovation
INDUTEC 2017 Day 1 – Where Brilliant Engineering Meets Clever Innovation South Africa >> 5/17/2017 - Visitors to the first day of the expo in Johannesburg has the chance to see some of the world’s best pumping systems and meet top experts under one roof ...
Uganda to Sign Exploration Deals in June & Selects Firms for Refinery Talks
Uganda >> 5/17/2017 - Uganda's energy ministry said it would award three exploration licences next month and also said it had selected two firms with whom it would start negotiations for a possible agreement to develop a p...
Egypt's Nooros Gas Field Output Tops One bcf/d
Egypt's Nooros Gas Field Output Tops One bcf/d Egypt >> 5/16/2017 - Production from Egypt's Nooros field has exceeded one billion cubic feet (bcf) of gas per day. Italian oil major Eni, which began production at the Nile Delta offshore field in September 2015, had sai...
Egypt Will Make $750m Debt Payment to Oil Companies on June 1
Egypt Will Make $750m Debt Payment to Oil Companies on June 1 Egypt >> 5/16/2017 - Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer said on Tuesday. Egypt has outstanding dues of about $3.5 billion to internati...
Nigerian Oil Workers Extend ExxonMobil Strike to Chevron, Agip & Shell
Nigeria >> 5/16/2017 - Nigerian workers from an oil labor union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corp, the union's general s...
South Africa to Award 1st Shale Gas Exploration Licences by End-Sept
South Africa >> 5/16/2017 - South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said. The five li...
Ophir Energy's Ayame-1X Well Offshore Cote d'Ivoire Disappoints
Ivory Coast (Cote D'Ivoire) >> 5/15/2017 - Ophir announces that the Ayame-1X exploration well in Block 513, Cote D'Ivoire, has reached total depth of 5,394m True Vertical Depth Sub Sea. The well was targeting a number of turbidite channel comp...
Why the Future of Africa’s Water & Oil Sectors is Key Focus of INDUTEC 2017
South Africa >> 5/15/2017 - Africa’s leading industrial technology and supply expo INDUTEC 2017 opens its doors at 10am on Wednesday (May 17). ...
Tower Resources Applies for Suspension of Trading on AIM
Cameroon >> 5/12/2017 - Tower Resources plc (Tower) has applied for suspension of trading in the Company’s ordinary shares on AIM with effect from 7:30 a.m. today pending clarification of its financial circumstances. A furth...
Total Awarded Exploration Block Offshore Mauritania
Mauritania >> 5/12/2017 - Total and Mauritania have signed an exploration and production contract to perform acq works on Block C7, which covers an area of 7,300 square kilometers. The Group will be the operator with a 90% int...
Discussions with CEO of German DEA about Plans of Gas Production
Discussions with CEO of German DEA about Plans of Gas Production Egypt >> 5/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Thomas Rappuhn, Chief Executive Officer of the German DEA company and the accompanying delegation, including Mr. Dirk Warz...
Egypt Starts Weaning Itself off Foreign Gas as Output Surges
Egypt Starts Weaning Itself off Foreign Gas as Output Surges Egypt >> 5/11/2017 - Egypt is holding talks with its liquefied natural gas (LNG) suppliers to defer contracted shipments this year and aims to cut back on purchases in 2018, as surging domestic gas production squeezes out...
EBRD Finances Environmental Upgrade Of Egypt’s Carbon Holdings Company
EBRD Finances Environmental Upgrade Of Egypt’s Carbon Holdings Company Egypt >> 5/11/2017 - As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the EBRD is providing local petrochemicals producer Carbon Holdings with a US$ 11 million lo...
Inauguration of the First Phase of West Delta Gas Production Project
Inauguration of the First Phase of West Delta Gas Production Project Egypt >> 5/10/2017 - President Abdel Fatah El Sisi inaugurated the first phase of gas production from West Delta gas fields. ...
First Gas from West Nile Delta Field
First Gas from West Nile Delta Field Egypt >> 5/10/2017 - BP has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt. The project was delivered eight months ahead of start-up schedule and under budg...
Ophir Energy Provides Fortuna FLNG Update
Equatorial Guinea >> 5/10/2017 - Ophir announces that further to the signing last week of the Umbrella Agreement for the Fortuna FLNG project, another milestone has been completed with the award of the Midstream construction contract...
Tunisian President Orders Army to Protect Oil & Gas Fields
Tunisia >> 5/10/2017 - Tunisia's President Beji Caid Essebsi ordered the army to protect phosphate, gas and oil production facilities after protests aimed at disrupting output broke out in the south of the country. ...
Algeria Energy Minister to Visit Iraq, Backs Supply Cut Extension
Algeria >> 5/9/2017 - Algeria's Energy Minister Nouredine Bouterfa will travel to Baghdad on May 10-11 for talks on OPEC issues with his Iraqi counterpart, the ministry said in a statement on Tuesday, as oil producers cons...
Africa Oil Supply - April 2017
Africa Oil Supply - April 2017 Congo >> 5/9/2017 - In 2016, oil output in Africa is estimated to decline by 30 tb/d, to average 2.10 mb/d. Most African countries saw an oil production decline in 2016, which were partially offset by growth that came fr...
Technical Update on Helium One's Projects in Tanzania
Tanzania >> 5/9/2017 - Solo Oil plc (SOLO), the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets is pleased to announce recent ...
Apex International Energy Welcomes Two New Leaders
Apex International Energy Welcomes Two New Leaders Egypt >> 5/8/2017 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, today announced that it has expanded its global team with the appointments of Willis “Trey” G...
Ophir to Borrow $1.2 Bln from Chinese Banks for Fortuna FLNG
Equatorial Guinea >> 5/8/2017 - British oil and gas explorer Ophir Energy plans to borrow $1.2 billion from Chinese banks to back the development of its Fortuna floating liquefied natural gas (FLNG) export project in Equatorial Guin...
Savannah Signs Rig Contract with Great Wall Drilling Company
Niger >> 5/8/2017 - Savannah Petroleum PLC (Savannah) is pleased to announce the signature by one of its subsidiaries of a formal rig contract with Great Wall Drilling Company Niger SARL (GWDC) for Rig GWDC 215. As annou...

Asia Oil & Gas News

Japanese University Professor Conducts Seminar at Baku Higher Oil School
Azerbaijan >> 5/25/2017 - Four-day seminar on Enhanced Oil Recovery (EOR) has commenced at Baku Higher Oil School (BHOS). It is organised upon initiative of INPEX with organisational support from BHOS and SOCAR UPSTREAM Manage...
Wison Engineering to Collaborate With Honeywell UOP
China >> 5/25/2017 - Honeywell (HON) UOP signed a partnership agreement with China’s Wison Engineering Ltd. to jointly provide methanol-to-olefin (MTO) technologies and engineering, procurement and construction (EPC) serv...
Octanex to Drill Ophir Field Development Wells
Malaysia >> 5/25/2017 - Octanex has advised that the NAGA 2 self-elevating mobile offshore drilling unit will shortly commence mobilisation to the Ophir oil field. The rig has commenced demobilising from its previous drillin...
Octanex to Drill Ophir Field Development Wells
Malaysia >> 5/25/2017 - Octanex Limited advises that the NAGA 2 self-elevating mobile offshore drilling unit will shortly commence mobilisation to the Ophir oil field. The rig has commenced demobilising from its previous dri...
NIOC & Tubacex Ink 1st Post-Sanctions Deal
Iran >> 5/24/2017 - The National Iranian Oil Company (NIOC) signed Iran's first oil contract with an international consortium comprising Spain's Tubacex and Isfahan Steel Company in the post-sanctions setting. ...
Gazprom Provides Reliable Gas Supplies Throughout Past Winter Season Amid Growing Demand
Russia >> 5/24/2017 - The Gazprom Management Committee reviewed the operating results of the Company's subsidiaries and organizations over the 2016–2017 autumn/winter period and discussed the measures to be taken for ensur...
Caspian Oil Supply - May 2017
Caspian Oil Supply - May 2017 Azerbaijan >> 5/23/2017 - Azerbaijan’s oil supply forecast for 2017 remained unchanged with a contraction of 70 tb/d to average 0.78 mb/d, while oil production in 2016 declined by only 10 tb/d. Azeri oil output in April was re...
China’s Oil Giants Commit to Investment Boost
China >> 5/23/2017 - China’s dominant oil firms have loosened their investment purse strings, apparently confident that profits will climb on rebounding crude prices following last year’s dry spell. ...
ChemChina & Sinochem Press $120B Deal
China >> 5/23/2017 - Chinese state-owned Sinochem and ChemChina are in merger talks to create the world's biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the n...
China April LNG Imports Up 15.6% on Year
China >> 5/23/2017 - China's imports of liquified natural gas (LNG) rose 15.6 percent from a year earlier to 2.17 million tonnes, posting the first year on year gain in four months, customs figures showed. ...
China’s First Successful Pilot Production of Marine Natural Gas Hydrates
China >> 5/23/2017 - The Ministry of Land and Resources of the People’s Republic of China held an on-the spot meeting at the Blue Whale 1 semi-submersible drilling rig in the Shenhu Area of the Northern South China Sea to...
AziPac Signs Agreement to Take 100% working Interest in the Bone License
Indonesia >> 5/23/2017 - AziPac, the Seacrest Capital Group-backed E&P company focused on South East Asia, has announced that Azimuth Indonesia, a wholly owned subsidiary of AziPac, has signed an agreement with Mitra Energy, ...
Total Launches Construction of Miyako Solar Park
Japan >> 5/23/2017 - Total Solar, a 100% owned Total subsidiary dedicated to solar activities, has launched construction of its second solar power plant in Japan. The 25-megawatt-peak photovoltaic power plant in Miyako, i...
Gazprom Expanding Cooperation with Russia’s Military-Industrial Complex
Russia >> 5/23/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, took part in the meeting of the Board of the Military-Industrial Commission of the Russian Federation chaired by Dmitry Rogozin, Russia’s D...
Russia Beats Saudi As Top China Oil Supplier for Second Month
Russia >> 5/23/2017 - Russia has kept its top spot as oil supplier to China, beating Saudi Arabia for the second month in row, as independent refiners scooped up more volumes before their first batch of quotas expire. ...
Lukoil Signs Cooperation Agreement with International Labor Organization
Russia >> 5/23/2017 - President of LUKOIL Vagit Alekperov and Director-General of the International Labor Organization Guy Ryder signed a Cooperation Agreement for 2018-2022, in the House of Government of the Russian Feder...
3rd Annual Power Week Conference is Returning to Singapore
Singapore >> 5/23/2017 - POWER WEEK, 13 - 17 November 2017, Singapore is designed for the global electric power & energy industry, POWER WEEK provides 5 days of networking opportunities, consisting of 2-day conference as the ...
Regal Petroleum Provides MEX-109 Well Initial Testing Results
Ukraine >> 5/23/2017 - Regal Petroleum plc, the AIM-quoted oil and gas exploration and production group, announces the initial testing results of the MEX-109 well located at its Mekhediviska-Golotvshinska (MEX-GOL) gas and ...
China Says Will Eventually Allow Private Companies To Invest In Oil Storage
China >> 5/22/2017 - China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector that mainly underscored earlier pledges ...
A Number of Cooperation Agreements Signed between CNPC & Its Partners
China >> 5/22/2017 - On the occasion of the “Belt and Road Forum for International Cooperation”, CNPC entered into a number of agreements with its partners to deepen and expand cooperation in project financing, pipeline t...
NIOC Preparing Yadavaran Oilfield Tender
Iran >> 5/22/2017 - The National Iranian Oil Company is taking steps to tender the second development phase of Yadavaran Oilfield in an oil block known as the West Karoun in Khuzestan Province, according to the chief exe...
PGPIC, European Firm Partner in Iran Petchem Project
Iran >> 5/22/2017 - Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) and a European company have partnered to build a major petrochemical project in Iran, PGPIC said. ...
Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Malaysia >> 5/22/2017 - Malaysia's Sarawak state government said it is negotiating with Petroliam Nasional Berhad to acquire a 10 percent equity stake in a liquefied natural gas(LNG) production facility at Petronas' LNG comp...
Wood Group Secures Contract with Sakhalin Energy
Russia >> 5/22/2017 - Wood Group has secured a Technical Support Services (TSS) contract with Sakhalin Energy Investment Company, an operator of Sakhalin-2; one of the world’s largest integrated oil and gas projects, that ...
Indonesia Offers 15 Oil Blocks Amid Thin Industry Interest
Indonesia >> 5/21/2017 - Indonesia is offering 15 conventional and unconventional oil and gas blocks to potential bidders, government officials said on Friday, hoping more flexible terms will help reverse flagging interest in...
BP Aiming at 4 Million Barrels a Day by 2020
Iran >> 5/21/2017 - During the Annual General Meeting, the company’s Chairman Carl-Henric Svanberg said that with BP’s recent recent investments, «in a few years’ time, our production should be back at the same level as ...
Essar’s Four-Month Oil Imports from Iran Rise 8%
Iran >> 5/21/2017 - Iran’s key Indian client, Essar Oil received about eight percent more oil from Iran in the first four months of this year which recorded about 150,700 bpd, according to tanker arrival data obtained fr...
KOGPC Biggest NISOC Oil Producer
Iran >> 5/21/2017 - Managing Director of Karoun Oil & Gas Producing Company said, in post JCPOA, by having a 60% share, KOGPC played a key role in boosting NISOC crude production. ...
List of Iran E&P Companies to Grow
Iran >> 5/21/2017 - An official with the Iranian Ministry of Petroleum says the list of Iranian companies eligible to be recognized as exploration and production (E&P) companies may grow. ...
Hassan Rouhani Wins Another Term as President of Iran
Iran >> 5/20/2017 - Incumbent president Hassan Rouhani won with resounding majority against his rival Ebrahim Raisi with 57 percent of the vote, to extend his time in office. ...
School of Project Management launched at Baku Higher Oil School
Azerbaijan >> 5/19/2017 - Baku Higher Oil School (BHOS) hosted an official opening of School of Project Management (SPM), which is jointly set up by BHOS, BP in Azerbaijan and TwentyEighty Strategy Execution company. The cerem...
SOCAR Launches Next Filling Station in Romania
Azerbaijan >> 5/19/2017 - SOCAR successfully realises investment projects in Romania and expands it filling stations network in the country. The Company has put into operation its second petrol station in Bucharest, capital o...
Marubeni to Commence New “Secure Mobile Connect Service” on its Public Cloud Service
Japan >> 5/19/2017 - Marubeni Corporation (”Marubeni”) and its fully-owned subsidiary, Marubeni Wireless Communications Inc. (“MWC”), will commence a new service (“Secure Mobile Connect Service”) from May 19, 2017. This ...
Gazprom’s Gas Reserve Addition Rates Surpass Production Rates for 12 Consecutive Years
Russia >> 5/19/2017 - The Mineral and Raw Material Base Development. Gas Production. Gas Transmission System Development Press Conference was held in Moscow today in the lead-up to the annual General Shareholders Meeting. ...
Lukoil Takes Part in Uzbekistan International Oil & Gas Exhibition & Conference
Russia >> 5/19/2017 - LUKOIL has presented its corporate environmental program and Environmental Culture Brochure at the 21st Uzbekistan International Oil and Gas Exhibition and Conference (OGU-2017) which gathered represe...
SPD Spoke at All-Russia Occupational Safety & Health Week
Russia >> 5/19/2017 - 10 through 14 April Sochi hosted the third All-Russia Occupational Safety and Health Week (VNOT). This large-scale event took place in Sochi’s main media centre and brought together over 11 thousand s...
Igor Sechin Took Part in the Opening of Rosneft’s Office During his Working Visit to Germany
Russia >> 5/19/2017 - Rosneft Chief Executive Officer Igor Sechin made a working visit to Germany where he held a number of meetings with representatives of the business community of the country and took part in the openin...
Pacific Radiance Inks JV with Allianz Marine
Singapore >> 5/19/2017 - The Board of Directors of Pacific Radiance Ltd. announces that on 19 May 2017, its wholly owned subsidiary, Crest Offshore Marine Pte. Ltd. Has entered into a Joint Venture Agreement with Allianz Off...
Students of Baku Higher Oil School Take Part in Microsoft Imagine Cup 2017
Azerbaijan >> 5/18/2017 - Team of Baku Higher Oil School (BHOS) entitled “Oilman” is participating in the regional finals of Microsoft Imagine Cup 2017, which is held from May 17 to May 19 in Kiev, Ukraine. The Imagine Cup 201...
Keppel on Track to Deliver State-of-The-Art Drilling Rig in Azerbaijan
Azerbaijan >> 5/18/2017 - Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a...

Global Oil & Gas News

Canning Basin Asset Swap between Buru Energy & Mitsubishi
Australia >> 5/25/2017 - Buru Energy has entered into a transformational transaction with its joint venture partners Diamond Resources (Fitzroy) (DRF) and Diamond Resources (Canning) (DRC) which are both wholly owned subsidia...
Buru Energy Announces Canning Basin Asset Swap with Mitsubishi
Australia >> 5/25/2017 - Buru Energy has entered into a transformational transaction with its joint venture partners Diamond Resources (Fitzroy) (DRF) and Diamond Resources (Canning) (DRC) which are both wholly owned subsidia...
MHI Delivers 3 Replacement Steam Generators for EDF's Cruas Nuclear Power Plant
France >> 5/25/2017 - Mitsubishi Heavy Industries, Ltd. (MHI) has delivered three replacement steam generators to Electricité de France S.A. (EDF) for the Cruas Nuclear Power Plant Unit 1 Reactor. The replacement steam gen...
IPB Petroleum Granted Extensions to Browse Basin Permits - Farmout Available
Australia >> 5/24/2017 - IPB Petroleum has advised that the Company’s applications for a 12 month Suspension and Extension to the WA-485-P and WA-471-P exploration permits’ work programmes has been approved by the Commonwealt...
Jacobs Wins Contract to Support Nexen Energy Operations in Western Canada
Canada >> 5/24/2017 - Jacobs Engineering Group Inc. (JEC) has been awarded a multi-year contract to provide engineering and procurement services for Nexen Energy ULC to support its operations in Western Canada. ...
Wartsila Propellers & Shaft Generator System Chosen for 2 New RoRo Vessels
Croatia (Hrvatska) >> 5/24/2017 - The technology group Wartsila has been awarded the contract to supply controllable pitch propellers and Power Take Off / Power Take Home (PTO/PTH) shaft generator systems for two new RoRo vessels bein...
SeaBird Wins Additional Work for Osprey Explorer in West Africa
SeaBird Wins Additional Work for Osprey Explorer in West Africa Cyprus >> 5/24/2017 - SeaBird Exploration has signed a letter of award for some additional work in West Africa for an undisclosed client. The project is due to commence in late second quarter and will have a duration of ap...
CGG Launches Multi-Physics Imaging for Subsurface Understanding
France >> 5/24/2017 - CGG’s Multi-Physics business line has launched its Multi-Physics Imaging group, consolidating its recognized expertise in multi-physics data processing and interpretation, trusted technical consulting...
Siemens Gamesa Delivers Wind Turbines for 4 Onshore Projects in Germany
Germany >> 5/24/2017 - Proven direct-drive technology is being deployed in new Onshore projects in Schleswig-Holstein, Lower Saxony and Saxony-Anhalt, for which Siemens Gamesa will deliver 16 wind turbines with a total capa...
Shell & Exxon May Appeal over Planned Groningen Gas Output Cut
Netherlands/Holland >> 5/24/2017 - A joint venture between Royal Dutch Shell and Exxon Mobil said it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent. The Dutch state ...
NPD Grants Consent for Start-Up of Gina Krog Field
Norway >> 5/24/2017 - The Norwegian Petroleum Directorate has granted consent for start-up of production from the Gina Krog field in the North Sea. Operator Statoil is planning start-up in late June 2017. The field has bee...
INEOS to Buy DONG Energy's Upstream Oil & Gas Business
United Kingdom >> 5/24/2017 - In acquiring the DONG Oil & Gas business, the deal positions INEOS as a Top 10 company and the biggest private enterprise operating in the North Sea. The business being acquired has a strong portfolio...
Maersk Drilling Wins Extension for Drillship Maersk Viking
United States >> 5/24/2017 - Maersk Drilling has been awarded a contract extension for the ultra-deepwater drillship Maersk Viking, by oil major ExxonMobil. The estimated value of the contract extension is USD 22.5m, with a durat...
MDR to Present at the 2017 KeyBanc Capital Markets Industrial Conference
United States >> 5/24/2017 - McDermott International, Inc. (MDR) announced that David Dickson, President and Chief Executive Officer, will speak at the KeyBanc Capital Markets Industrial, Automotive & Transportation Conference in...
Odebrecht Oil & Gas Signs Reorganization Plans
Brazil >> 5/23/2017 - Odebrecht Oleo e Gas S.A. (OOG) and certain subsidiaries have entered into an agreement with a group of creditors to restructure their financial debt. This process will occur by means of an extrajudic...
TGS & PGS Ramp Up 3D Activity Offshore Eastern Canada
Canada >> 5/23/2017 - TGS and Petroleum Geo-Services (PGS) announce two new multi-client 3D seismic projects offshore Eastern Canada. Following on from the recently announced 2017 2D seismic campaign and the Cape Broyle 3D...
Shell to Sell C$4.1 Billion Stake in Canadian Natural
Canada >> 5/23/2017 - Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion ($3 billion) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada's oil sands e...
Andalas Energy & Power Provides Placing, Lifting of Suspension
United Kingdom >> 5/23/2017 - Andalas Energy and Power Plc, the AIM traded Indonesian focused energy company, has conditionally raised £600,000 via a placing (the Placing) of 600,000,000 ordinary shares of nil par value (the ‘Plac...
Cooper Energy Announces Successful Callawonga Field Well
Australia >> 5/22/2017 - JV partner Cooper Energy has announced that the Beach Energy-operated Callawonga-14, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, has been cased and suspended as a...
AWE Limited Spuds Waitsia-3 Appraisal Well
Australia >> 5/22/2017 - AWE Limited (AWE), the Operator of Permits L1/L2 in the northern Perth Basin, Western Australia, advises that the Waitsia-3 appraisal well commenced drilling operations at 19:00 hours (7:00 pm) AWST o...
Sale of Jurua Field in Solimoes Basin
Brazil >> 5/22/2017 - Petroleo Brasileiro S.A, Petrobras informs that it has started the disclosure phase of the Teaser regarding the transfer of Petrobras’ stake in the Jurua Field, in the Solimoes Basin. ...
Dunquin Licence (FEL 3/04) Extends to 2025
Ireland >> 5/22/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an update on Frontier Exploration Licence (FEL) 3/04, which lies in c. 1,500 m water depth in the southern Porcup...
Zama-1 Exploration Well Has Been Spudded in Mexico
Mexico >> 5/22/2017 - Premier is pleased to announce that the Zama-1 exploration well in Block 7 (Premier equity 25 per cent) in the shallow water Sureste Basin, offshore Mexico, was spudded at 0630 on 21 May 2017. This i...
Statoil Receives Consent to Use Bideford Dolphin
Norway >> 5/22/2017 - Statoil has received consent to use the Bideford Dolphin mobile drilling facility for production drilling at Vigdis. Statoil is to plug the B-1 AH production well on the Vigdis field. Using a sidetrac...
Statoil to Establish a Digital Centre of Excellence
Norway >> 5/22/2017 - Statoil is establishing a digital centre of excellence and launching a roadmap with seven specific programmes for digitalisation in the company towards 2020. Digitalisation will help improve the safet...
Trinidad and Tobago Bid Round 2017
Trinidad and Tobago >> 5/22/2017 - Trinidad and Tobago's ministry of energy and energy industries has launched the nomination process for competitive bid round 2017. ...
ExxonMobil & Total Discuss Drilling Opportunities Offshore Greece
Greece >> 5/21/2017 - Greece's energy minister held talks on Friday with representatives of U.S. oil major ExxonMobil and France's Total about gas exploration opportunities off Greek shores, the energy ministry said. ...
ExxonMobil and SABIC Sign Agreement for Proposed U.S. Petrochemical Project
United States >> 5/20/2017 - Affiliates of Exxon Mobil Corporation and SABIC (Saudi Basic Industries Corporation) signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and beg...
Origin Energy Sells Darling Downs Pipeline Network for A$392 million
Australia >> 5/19/2017 - Origin Energy has entered into an agreement with Jemena Gas Pipelines Holdings for the sale of Darling Downs Pipeline Network for A$392 million. The transaction lifts sales from Origin’s asset divestm...
Velan Receives Contracts Worth US$55 million
United Kingdom >> 5/19/2017 - Velan receives contracts worth US$55 million to supply safety related valves for 3rd generation nuclear reactors at Hinkley Point C in the U.K. ...
Tidewater Receives Approval Of First Day Motions
United States >> 5/19/2017 - Tidewater Inc. (TDW) announced that the United States Bankruptcy Court for the District of Delaware has granted the relief requested by the Company in certain first day motions related to ordinary cou...
Xodus Study Concludes that Offshore Wind Technology
United States >> 5/19/2017 - A preliminary feasibility study has concluded that offshore wind technology could be viable in several locations off Guernsey’s coast. ...
Gas Export Negotiation Between Venezuela & Trinidad and Tobago
Venezuela >> 5/19/2017 - Petroleos de Venezuela, S.A. (PDVSA) and Shell assessed the progress of negotiations for the export of gas from Venezuela to Trinidad and Tobago and the completion of Dragon Field Accelerated Product...
FPSO Pioneiro de Libra Arrived to Brazil
Brazil >> 5/18/2017 - Teekay is proud to announce that the FPSO Pioneiro de Libra arrived on 17 May in Brazilian territorial waters. The FPSO unit set sail on March 28 from the Jurong shipyard in Singapore, where the conve...
Beginning of the Production of Platform P-66 at Lula Field
Brazil >> 5/17/2017 - Petroleo Brasileiro S.A, Petrobras and its partners in the BM-S-11 Consortium started the production of oil and natural gas in the area of Lula Sul, at the Santos Basin pre-salt, through platform P-66...
ConocoPhillips Completes Sale of FCCL Partnership Interest
Canada >> 5/17/2017 - ConocoPhillips completed its previously announced transaction with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the m...
ExxonMobil to Launch Service Stations and Fuels in Mexico
Mexico >> 5/17/2017 - ExxonMobil announced its plans to enter the Mexican fuels market in 2017 with Mobil-branded stations and its new signature line of advanced Synergy™ gasoline and diesel fuels. ...
Semco Maritime Wins Order for Culzean Hook-Up
United Kingdom >> 5/17/2017 - Semco Maritime to participate in the preparation (hook-up) of Maersk Oil UK’s new gas field in the UK sector of the North Sea when the production units arrive from Singapore in the summer of 2018. The...
Wood Group Signs Conceptual Engineering Contracts with Chevron
Wood Group Signs Conceptual Engineering Contracts with Chevron United States >> 5/17/2017 - Wood Group has signed a ten-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and...
FairfieldNodal & Schlumberger Team Up for 3D Survey
United States >> 5/17/2017 - FairfieldNodal and Schlumberger announced a strategic multiclient joint venture in the southern Delaware Basin of West Texas. The area of mutual interest encompasses approximately 1,100 square miles. ...

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