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Middle East Oil & Gas News

Middle East Oil Supply - April 2017
Middle East Oil Supply - April 2017 Oman >> 4/24/2017 - The main non-OPEC oil producers in the Middle East – Oman, Bahrain, Syria and Yemen – are estimated to have produced 1.28 mb/d in 2016, unchanged from the last MOMR. Preliminary data analysis indicate...
Petronas in Deals to Boost Cooperation with Saudi Arabia
Saudi Arabia >> 4/23/2017 - MALAYSIA’s leading oil and gas giant, Petronas, recently sealed multiple agreements with the Kingdom of Saudi Arabia. The company inked an agreement with Saudi Arabia’s Unified Lubricants Company (ULC...
Orpic’s Muscat Sohar Product Pipeline Achieves Major Safety Milestone
Oman >> 4/22/2017 - Muscat-Sohar Pipeline project (MSPP) has achieved an important safety milestone by recording 10 million human hours without Lost Time Injury (LTI). This project is one of the most important strategic ...
Gas Commitment to Determine $2.3b Duqm Methanol Project
Oman >> 4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanate’s commitment to supply natural gas as feedstock. ...
Siemens Expands Open Cycle Power Plant in Kuwait with Steam Turbine
Kuwait >> 4/19/2017 - Siemens has received an order to deliver an industrial steam turbine package to expand the Az Zour South 3 open cycle gas turbine power plant to a combined cycle power plant. The plant is located in K...
UAE'S TAQA might Sell Some North American Oil & Gas Assets
United Arab Emirates >> 4/19/2017 - Abu Dhabi National Energy Company (TAQA) might sell some of its oil and gas interests in North America to raise capital for its core business, its chief operating officer told Reuters. The loss-making...
Iraq Plans Three Gas Processing Plants to Reduce Flaring
Iraq >> 4/18/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil confirmed that the priority of the ministry is to make the appropriate plans to invest the associated gas with the oil operations in Iraq and stop ...
Amec Foster Wheeler Wins Contract with China’s GPEC for Oil Shale Fired CFB Boilers
Jordan >> 4/18/2017 - Amec Foster Wheeler has been awarded a new contract by China Energy Engineering Group Guangdong Power Engineering Co., Ltd. (“GPEC”), for the design and supply of two circulating fluidized-bed (CFB) s...
GE to Supply Power Generation Equipment for Sabiya Power Plant in Kuwait
Kuwait >> 4/18/2017 - GE will supply a steam turbine generator set and two heat recovery steam generators (HRSG), along with associated engineering and other services for the Kuwaiti Ministry of Electricity’s Sabiya Power ...
DNO Investment in Oman Block 8 Tops $100 million
Oman >> 4/18/2017 - Norwegian oil and gas firm DNO has ploughed in excess of $100 million in Block 8 since it acquired operatorship of the concession offshore Oman’s Musandam peninsula in 2012 — a figure set to rise as t...
Bahrain National Gas Expansion Co Raises $515 mln Loan
Bahrain >> 4/17/2017 - Bahrain National Gas Expansion Co, a subsidiary of the country's National Oil and Gas Authority, signed a $515 million syndicated loan that will back part of the expansion of its gas processing facili...
Iraq Completes Repairs at Basra Oil Jetty, Loading Operations Resume
Iraq >> 4/17/2017 - Repair work at a Basra oil jetty damaged by a tanker collision last month were completed, two officials at state-run South Oil Company told Reuters. ...
Saudi Arabia Pushes ahead with Renewable Drive to Diversify Energy Mix
Saudi Arabia >> 4/17/2017 - Saudi Arabia aims to produce 10 percent of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan to diversify its energy mix and free up more crude...
GPIC, GE Oil & Gas Sign Long-term Bilateral Deal
Bahrain >> 4/16/2017 - The Gulf Petrochemical Industries Company (GPIC) has signed a long-term bilateral agreement with GE Oil & Gas to enhance efficiency its major plant operations and support and supervise periodic mainte...
The Maritime Standard Tanker Conference 2017 - Date & Location Confirmed
United Arab Emirates >> 4/16/2017 - A high level group of expert speakers and panelists is being assembled by The Maritime Standard, and will include representatives from leading tanker owners and managers, port operators, trade organis...
Yokogawa Wins Kuwait Desalination Plant Control System Order
Kuwait >> 4/13/2017 - Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Electric Korea, has received an order from Doosan Heavy Industries & Construction Co., Ltd., a major South Korean plant constructi...
Lukoil Completes 3D Seismic Acquisition at West Qurna-2
Iraq >> 4/12/2017 - LUKOIL has completed a field 3D seismic survey at West Qurna-2 field in Iraq. The survey covered an area of about 450 square kilometers. The Company has fulfilled all of its contractual obligations to...
Lebanon Extended Deadline of the Second Prequalification Round
Lebanon >> 4/12/2017 - The deadline of announcement of the results of the second prequalification round in relation to the first licensing round in the Lebanese Offshore determined in the announcement of the prequalificatio...
Asian Product Market - March 2017
Asian Product Market - March 2017 Oman >> 4/12/2017 - The Asian market got support from expectations of a more balanced market in the lead up to the onset of the regional maintenance season. This occurred amid stronger middle distillates demand fuelling ...
Siemens to Set up Global Logistics HQ in Dubai
United Arab Emirates >> 4/12/2017 - Highlighting the importance of Dubai as a strategic logistics hub between East and West, North and South, Siemens has announced plans to set up its global logistics headquarters including its portfoli...
Topaz Energy and Marine Announces Senior Executive Appointments
United Arab Emirates >> 4/11/2017 - Topaz Energy and Marine, a leading offshore support vessel company, announced the appointments of Mr. Martin Helweg as Chief Operating Officer (COO) and Mr. Hicham Hachkal as Human Resources Director ...
Feasibility Study on Petrochemical Complex will be Ready within Few Months
Oman >> 4/10/2017 - A feasibility study for building a petrochemical complex, which will be a downstream venture of Duqm Refinery, will be completed within months, said Yusuf Al Jahdami, project director at Duqm refinery...
Oman to Seek $5b Bank Finance for $7b Duqm Refinery Project
Oman >> 4/10/2017 - Duqm Refinery, a 50:50 joint venture between the Sultanate’s state-owned Oman Oil Company and Kuwait Petroleum International, is seeking 65 per cent of its $7 billion capital expenditure for building ...
Aramco Board to Meet in Shanghai as it Seeks Chinese Investors for IPO
Saudi Arabia >> 4/10/2017 - Saudi Aramco's board will meet in China in May for the first time in seven years, industry sources said, as the state-owned energy firm seeks to lure Chinese and Asian investors to its giant share off...
Bids for Phase 1 of Oman’s Ras Markaz Crude Terminal due Next Month
Oman >> 4/9/2017 - Bids for the first phase of an ambitious crude oil storage park at Ras Markaz on Oman’s southeastern coast are due in next month, according to a key official associated with the giant scheme. Oman Tan...
Oman Block 44 Acquisition by ARA Completed
Oman >> 4/8/2017 - ARA Petroleum, a new entrant to Oman’s burgeoning upstream Exploration & Production (E&P) industry, has confirmed that its acquisition of the 100 per cent interest of PTTEP Oman Company Limited in Blo...
First Shipment of CNPC's Equity Oil Sets Sail from UAE to China
United Arab Emirates >> 4/7/2017 - On April 3, the New Constant oil tanker with 1 million barrels of CNPC's equity oil set sail from Port Fujairah in UAE to China. This indicates that the onshore oilfield concession project of Abu Dhab...
Polarcus Awarded Broadband 3D Project in Asia Pacific
United Arab Emirates >> 4/7/2017 - Polarcus Limited has received a contract award for a broadband 3D marine seismic project in the Asia Pacific region. The project is due to commence in Q2 2017 and will run for approximately two months...
Air Liquide to Build a €20M Nitrogen Plant for Oman’s Orpic
Air Liquide to Build a €20M Nitrogen Plant for Oman’s Orpic Oman >> 4/6/2017 - Air Liquide and Oman Oil Refineries and Petroleum Industries Company (Orpic), Oman’s national refining company, recently signed a long term agreement for the supply of nitrogen to the Liwa Plastics In...
Oman Shipping Moots Floating Storage LNG Regasification
Oman >> 4/5/2017 - Wholly government-owned Oman Shipping Company (OSC) is mooting the possible use of a Floating Storage Regasification Unit (FSRU) to supply imported liquefied natural gas (LNG) to consumers in the Sult...
Orpic to Promote Polymer-based Downstream Sector
Oman >> 4/4/2017 - Orpic, the nation’s refining and petrochemicals flagship, has set up a dedicated unit to market the prodigious volumes of polymers that will come on stream when its $6.4 billion Liwa Plastics Industri...
Oman Oil Plans Massive Petrochem Scheme at Duqm
Oman >> 4/4/2017 - Oman Oil Duqm Development Company, one of the verticals of the wholly government owned strategic investment group Oman Oil Company, has unveiled plans for the establishment of a mammoth petrochemicals...
Saudi Arabia to Switch Crude Oil Pricing for European Refiners
Saudi Arabia >> 4/4/2017 - Saudi Arabia is to tweak the benchmark it uses to sell its crude in Europe, in a concession to refiners in the region that have long complained about their ability to hedge using the current measure. ...
Bahrain's Bapco Starts Talks with Contractors on Sitra Expansion Bids
Bahrain >> 4/3/2017 - State-run Bahrain Petroleum Co (Bapco) has started two weeks of negotiations with international contractors to clarify bids to expand the Sitra oil refinery, estimated to cost around $5 billion. ...
Iraq, Lukoil's Trading Arm to Form Marketing Venture
Iraq >> 4/3/2017 - Iraq's state-oil marketer SOMO and the trading arm of Russia's Lukoil have agreed to form a joint crude marketing venture, the Iraqi Oil Ministry website reported. The venture between SOMO and Litasco...
Mediterranean Gas Pipeline Could be Built by 2025
Israel >> 4/3/2017 - European and Israeli governments gave their support to moving forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe, setting a target date of 2025 for completion. ...
OOCEP Uncovers 430m boe of New Oil and Gas Discoveries in 2016
Oman >> 4/3/2017 - Oman Oil Company Exploration and Production (OOCEP), the upstream arm of the government-owned energy investment firm Oman Oil Company (OOC), has announced additional potential discoveries totalling in...
Qatar Restarts Development of World's Biggest Gas Field
Qatar >> 4/3/2017 - Qatar Petroleum announced its intention to develop a new gas project in the southern sector of the North Field and that it will commence work on the project’s details over the next few months. ...
Saudi Arabia Oil Demand - March 2017
Saudi Arabia Oil Demand - March 2017 Saudi Arabia >> 4/3/2017 - In Saudi Arabia, January 2017 oil consumption continued to fall on the back of slower-than-anticipated requirements in the electricity and construction sectors. Oil demand declined by 0.18 mb/d from J...
Abu Dhabi National Energy Co (TAQA) Considering Formosa Bond, Sukuk
United Arab Emirates >> 4/3/2017 - Abu Dhabi National Energy Co (TAQA) is considering debt funding options including a formosa bond, sukuk and bank loans, the company's spokesman said. TAQA will raise the funding to cover debt maturiti...

Africa Oil & Gas News

Eland Oil & Gas Provides Operational & Funding Update
Nigeria >> 4/24/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce the following operational and funding update. ...
Award Builds on Company's Extensive Experience in the Middle East
Award Builds on Company's Extensive Experience in the Middle East Egypt >> 4/19/2017 - Bechtel has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new poly...
Talks with the Delegation of Japan Bank for International Cooperation
Talks with the Delegation of Japan Bank for International Cooperation Egypt >> 4/19/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received a delegation from Japan Bank for International Cooperation (JBIC), including Mr. Moriki Aida, Chief Executive Officer of the B...
Hyperdynamics & SAPETRO Sign Third Amendment to Guinea PSC
Guinea >> 4/19/2017 - SCS Corporation Ltd. (SCS), a wholly owned subsidiary of Hyperdynamics Corporation, South Atlantic Petroleum (SAPETRO) and the Government of the Republic of Guinea have executed a Third Amendment to t...
ABB Ability™ Makes Electrical Distribution Safer, Smarter and More Reliable for Industry
Swaziland >> 4/19/2017 - The Fourth Industrial Revolution heralds a significant transformation in the way we work, as digital systems, networked communications and large-scale data analysis increasingly integrate into busines...
Mobilisation of Rig to Sidi Moktar
Morocco >> 4/18/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce the mobilisation of a rig to the Company's Sidi Moktar asset, onshore Morocco. ...
Egyptian – Cameroonian Discussions in Petroleum & Mining Domains
Egyptian – Cameroonian Discussions in Petroleum & Mining Domains Egypt >> 4/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Hernest Ngoua Boubou, Cameroonian Minister of Mines, Industry and Technological Development and the accompanying delegatio...
Sirius Petroleum Signs OSV Contract for Multi Well Campaign
Nigeria >> 4/13/2017 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, has arranged for the provision of Offshore Service Vessels (OSVs) through Tidewater...
Petroleum Minister in Discussions with the Director General for European Neighborhood Policy
Petroleum Minister in Discussions with the Director General for European Neighborhood Policy Egypt >> 4/12/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Christian Danielsson, Director General for European Neighborhood Policy and Enlargement Negotiations accompanied by Ambass...
Savannah Provides Update on Upcoming Niger Drilling Campaign
Niger >> 4/11/2017 - Savannah Petroleum PLC (Savannah) is pleased to provide an update on its upcoming drilling campaign in Niger. ...
BW Offshore Completes Acquisition of Stake in Dussafu Field
Gabon >> 4/10/2017 - BW Energy Gabon Pte. Ltd (BWEG), a subsidiary of BW Offshore, has completed the acquisition of 100% interest in Harvest Dussafu B.V. from Harvest Energia B.V., a wholly-owned subsidiary of Harvest Nat...
Loading Resumes at Mosimi Depot after 12 Months
Nigeria >> 4/10/2017 - Products supply and distribution have received a major boost following the resumption of loading activities by the Nigerian National Petroleum Corporation (NNPC) at its Mosimi Area depot in Ogun State...
Wentworth Updates operations in Tanzania & Mozambique
Tanzania >> 4/10/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. ...
Nigeria's Warri Oil Refinery Back Online
Nigeria >> 4/8/2017 - Nigeria's Warri oil refinery is up and running after a period of maintenance, and operating at 60 percent of its installed capacity, a spokesman for state oil firm Nigerian National Petroleum Corporat...
Algeria to Invite Bids to Build 3 Solar Power Plants
Algeria >> 4/7/2017 - Algeria plans to invite bids for construction of three photovoltaic solar power plants with total capacity of about 4,000 megawatts (MW), and several energy and financial firms are already interested,...
Nigeria LNG Starts Talking to Buyers on New Contracts
Nigeria >> 4/6/2017 - Nigeria LNG (NLNG) has begun talks with potential buyers on new contracts for gas supplies from its first three production units at its liquefied natural gas (LNG) terminal, a senior official from the...
Nigeria Pushes to Legalize Illicit Refineries
Nigeria >> 4/6/2017 - Nigeria aims to legalise illicit oil refineries in the turbulent Niger Delta region, the vice-president's office said, hoping to bring peace to the production heartland for the crude on which the coun...
Cairn Reports Successful Appraisal Results for VR-1 Well
Senegal >> 4/6/2017 - Cairn is pleased to announce the results of the VR-1 well offshore Senegal. Rig performance continues to be excellent and operations have been safely and successfully completed ahead of schedule and u...
Oil & Gas Africa 2017 in Cape Town
Oil & Gas Africa 2017 in Cape Town South Africa >> 4/6/2017 - Why engineers from across sub-Saharan Africa will head for the Western Cape in July? Cape Town is the hub of the oil & gas, midstream and downstream sectors for sub-Saharan Africa and the city hosts O...
China Binges on Africa Oil Like Never Before After OPEC Cuts
Angola >> 4/5/2017 - China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for other nations to gain a greater foothold in the fast-growing Asian market. West Af...
FAR Announces $80 Million Capital Raising
Gambia >> 4/5/2017 - FAR Ltd is pleased to announce a fully-underwritten placement to institutional and sophisticated investors to raise approximately $80 million before expenses by issuing 1,000 million shares (Placement...
AfDB Funds Tanzania’s NG Market with 29.8 Million Loan
Tanzania >> 4/5/2017 - The African Development Bank (AfDB) has approved a USD 29.8 Million loan to Tanzania to help the country mobilize domestic resources and unlock the potential of its natural gas resources through lever...
FAR Awarded Additional Equity in Guinea-Bissau Licences
Guinea Bissau >> 4/4/2017 - Negotiations have concluded with the National oil company of Guinea-Bissau, Petroguin, to revise the terms of both the Sinapa and Esperanca Licences to which FAR Limited has interests. Under the revis...
Tullow Oil Delays Drilling of PEL 37 Farm-in Well
Namibia >> 4/4/2017 - Under the Farmout Agreement between Tullow Kudu Limited, (now Tullow Namibia Limited) (Tullow) and Pancontinental Namibia Pty Ltd (Pancon) dated 5 September 2013, the drilling of the first exploration...
TGS Expands North-West African Atlantic Margin 2D Seismic Survey
Senegal >> 4/4/2017 - TGS announces a further expansion of its NWAAM multi-client library in the MSGBC Basin with plans to acquire more than 11,000 km of long-offset broadband 2D seismic data together with magnetic and gra...
Cobalt Threatens Arbitration over Angolan Oil Assets
Angola >> 4/3/2017 - U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend licence deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell t...
Panel Discussion about the Future of Energy in the Region
Panel Discussion about the Future of Energy in the Region Egypt >> 4/3/2017 - During his visit to Jordan to attend the proceedings of The 3rd Jordan International Energy Summit, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources participated in a Panel Discussion ...
Nigeria Oil Tanker Drivers Call off Strike after Government Pay Deal
Nigeria >> 4/3/2017 - Nigerian oil tanker drivers ended a strike over pay and the poor condition of the roads just hours after it began on Monday, following a government intervention, ending the threat of fuel shortages de...
LEKOIL Signs MoU with GE for Ogo Work Programme in OPL310
Nigeria >> 4/3/2017 - LEKOIL, the oil and gas exploration and production company with a focus on West Africa, has signed a Memorandum of Understanding (MOU) with GE Oil & Gas (GE), a subsidiary of General Electric Company ...
Serious Steps to Implement the Petroleum Sector Modernization Plan
Serious Steps to Implement the Petroleum Sector Modernization Plan Egypt >> 4/1/2017 - During his speech at the Petroleum Sector Modernization Project workshop, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced the launch of Phase 2 of the Petroleum Sector‘s Mod...
Minister of Petroleum talks with the CEO of Apache
Minister of Petroleum talks with the CEO of Apache Egypt >> 4/1/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. John J. Christmann IV, CEO and President of Apache corp., Mr. James L. House, Senior Region Vice President of Apache and M...
BW Offshore Extends Agreement for FPSO Abo
Nigeria >> 4/1/2017 - BW Offshore has signed an extension agreement for the lease and operation of the FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 31 March 2018 with options until 2023. <...
Hyperdynamics Executes Farmout Agreement with SAPETRO
Guinea >> 3/31/2017 - Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) executed a Farmout Agreement (FOA). Under the terms of the FOA,...
Eland Oil Updates Planning Full Development of Gbetiokun Field
Nigeria >> 3/31/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce a quarterly update of its operations. ...
LEKOIL Agrees Advance Payment Facility with Shell
Nigeria >> 3/31/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, announces that its wholly owned subsidiary, LEKOIL Oil and Gas Investments Limited (LOGL), has agreed an...
Shell Shuts Bonny Light Oil Export Line to Remove Theft Points
Nigeria >> 3/31/2017 - The Nigerian subsidiary of Royal Dutch Shell Plc had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points. The managing director of Shell Petroleu...
FAR Signs Strategic AMI with CNOOC Offshore Senegal & Gambia
Senegal >> 3/31/2017 - FAR has signed an Area of Mutual Interest (AMI) agreement with CNOOC UK Limited (CNOOC UK). The AMI covers selected licences offshore Senegal and The Gambia within the designated area. The AMI provide...
Africa Energy to Acquire Interest in PEL 37 from Pancontinental
Namibia >> 3/30/2017 - Africa Energy Corp. (Africa Energy) has terminated the farmout agreement (the "Farmout Agreement") entered into on November 29, 2016 with a subsidiary of Pancontinental Oil & Gas N.L. (Pancontinental)...
LEKOIL Signs Commercial Offtake Agreement with Shell for Otakikpo
Nigeria >> 3/30/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, announces a commercial offtake agreement with Shell Western Supply and Trading Limited, a subsidiary of ...
Egypt to Halve Arrears with Oil Companies in Coming Weeks
Egypt to Halve Arrears with Oil Companies in Coming Weeks Egypt >> 3/29/2017 - Egypt expects to cut the $3.5 billion euros it owes to international oil companies by around half in coming weeks, the Egyptian oil minister said on Wednesday. ...

Asia Oil & Gas News

Andalas Energy & Power Announces Operations Update
Indonesia >> 4/24/2017 - AIM-listed Andalas Energy and Power has provided an update on its activities with Pertamina, Indonesia’s national oil company, including the identification of a further two gas fields suitable for wel...
Two Million Tonnes of Oil Produced at Vladimir Filanovsky Field
Russia >> 4/24/2017 - LUKOIL has reached another milestonnee with two million tonnes of oil, produced at the Vladimir Filanovsky field in the Caspian Sea. As of today, hydrocarbons are extracted through four horizontal pro...
Thailand Gears Up To Be ‘The Energy Hub for Asia’ With Ministry Of Energy
Thailand >> 4/24/2017 - Mr. Areepong Bhoocha-Oom, Permanent Secretary of the Ministry of Energy of Thailand launched the ‘Future Energy Asia Exhibition & Conference’ as a major initiative towards securing the path to Thailan...
SOCAR Boosts Caspian Resources Output
Azerbaijan >> 4/23/2017 - Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters of gas per year after it commissioned a new well on the Guneshli offshore field in...
China's CNOOC Tenders 10 Coal Bed Methane Blocks
China's CNOOC Tenders 10 Coal Bed Methane Blocks China >> 4/23/2017 - China National Offshore Oil Company, or CNOOC, issued a tender offering domestic and foreign companies to bid for 10 coal bed methane blocks in the country, the company said on Thursday. ...
Azar Oilfield Output to Reach 30,000 bpd
Iran >> 4/22/2017 - Production from Azar Oilfield in the southern Ilam Province is slated to double in May, said Keyvan Yarahmadi, who oversees the development of field at the Petroleum Engineering and Development Compan...
BHOS to Work with Atkins Company
Azerbaijan >> 4/21/2017 - Representatives of the Embassy of the United Kingdom in Azerbaijan and British multinational company Atkins visited Baku Higher Oil School (BHOS) and met with BHOS management. The meeting gathered Hig...
Petro Matad Wins PSC Extensions for Mongolia Blocks IV and V
Mongolia >> 4/21/2017 - Petro Matad has received an official letter from the Mining Resources and Petroleum Authority of Mongolia (MRPAM), dated 20 April 2017, confirming MRPAM's intent to extend the PSC exploration periods ...
Presentation by SOCAR Polymer at BHOS
Azerbaijan >> 4/20/2017 - A presentation entitled “Summer Internship 2017” was held by SOCAR Polymer company at Baku Higher Oil School (BHOS). The Higher School’s Rector Elmar Gasimov, General Manager of SOCAR Polymer LLC Fari...
KBR to Provide Engineering Project & Construction Management Services for Chevron
Indonesia >> 4/20/2017 - KBR has been awarded a contract by Chevron Pacific Indonesia for engineering, project and construction management services for Chevron's operating fields in Sumatra, Indonesia. The five year contract ...
New Oil Contracts Will Rouse Iran’s Job Market
Iran >> 4/20/2017 - New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh, the o...
OPEC & Non-OPEC Committed to Restore Market Stability
Iran >> 4/20/2017 - OPEC Secretary-General Mohammad Barkindo said that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry’s five year average and restorin...
Oil Majors Present Development Plans for Iranian Oil Projects
Iran >> 4/20/2017 - Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company for developing oil and gas reservoirs, chief executive officer of the NIOC said on Tue...
Woodside Announces Successful Thalin-1B Appraisal Well Offshore Myanmar
Myanmar >> 4/20/2017 - Woodside Energy reports success at the Thalin-1B appraisal well (a re-entry and side-track of Thalin-1A) spudded in late February. The side-track was successful and Thalin-1B has acquired 99m (100% re...
Gazprom Forging Ahead with its Innovative Projects
Russia >> 4/20/2017 - The Gazprom Board of Directors reviewed and approved the 2016 Progress Report on Gazprom’s Innovative Development Program until 2025 and took note of the information concerning the efficiency of R&D (...
Construction of a Cutting-Edge Railcar Loading Facility Starts at Omsk Refinery
Russia >> 4/20/2017 - Gazprom Neft has begun construction of an automated 1.2-million-tonnes-per-year railcar oil-products loading facility (AUTN-1) at its Omsk Refinery. The company’s total investment in this project is R...
Alexey Miller & Kuwaiti Ambassador Abdulaziz Al-Adwani Address Bilateral Cooperation
Russia >> 4/20/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Abdulaziz Al-Adwani, Ambassador Extraordinary and Plenipotentiary of the State of Kuwait to the Russian Feder...
Growth in Europe’s Demand for Russian Gas Confirms Importance of Nord Stream 2
Russia >> 4/20/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in Moscow today. ...
Atlas Copco to Acquire Full Stake in Taiwanese Exhaust Management Business
Taiwan >> 4/20/2017 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to buy the remaining stake in CSKT Inc., a joint venture in Taiwan that sells and services gas abatement and chemical ...
Atlas Copco Opens Expanded Indian Manufacturing Plant
India >> 4/19/2017 - Atlas Copco, a leading provider of sustainable productivity solutions, inaugurates an expanded manufacturing plant in India that will further boost productivity for mining customers. Atlas Copco has i...
Iran South Pars Revenues Hit $191 Billion
Iran >> 4/19/2017 - Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the re...
ISE Group, Total & SunPower Start Up the Nanao Solar Power Plant in Japan
Japan >> 4/19/2017 - ISE Group, Total and SunPower have started up a 27-megawatt-peak photovoltaic power plant in Nanao on Japan’s Honshu Island. Completed one year after the beginning of construction, the plant will gene...
Urals Energy Announces Operational Update
Russia >> 4/19/2017 - AIM-listed Urals Energy, the independent exploration and production company with operations in Russia, has provided the following operational update. ...
Sakhalin Energy Offloaded the 500th Crude Oil Cargo from the Prigorodniye Production Complex
Russia >> 4/19/2017 - Sakhalin Energy loaded crude oil cargo No. 500 to the Governor Farkhutdinov tanker from Prigorodnoye Production Complex.The tanker will deliver this cargo to the Japanese Petro-Diamond company, Sakhal...
A Working Meeting Between Igor Sechin & Ramzan Kadyrov Took Place
Russia >> 4/19/2017 - Rosneft Chief Executive Officer Igor Sechin and Head of the Chechen Republic Ramzan Kadyrov held a working meeting at the company's headquarters in Moscow. During the meeting the parties discussed iss...
Cadogan Fails to Obtain Production Licence for Zagoryanske Field
Ukraine >> 4/19/2017 - Cadogan Petroleum plc announces that its application to obtain a 20 year production licence for the Zagoryanske field has not been approved by the local authority of the Poltava Regional Council. The ...
The 5TH Edition of Oil & Gas Vietnam (OGAV) Exhibition 2017 in Vietnam
Vietnam >> 4/19/2017 - The future of Oil & Gas technologies and machinery will be the main focus of the Oil & Gas Vietnam (OGAV) Exhibition 2017, featuring some of the influential leaders from the leading companies in Oil &...
Over 6 Billion Cubic Meters of Hydrocarbons Produced from Vietnam’s Moc Tinh & Hai Thach Fields
Vietnam >> 4/19/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Vu Truong Son, CEO and Member of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), t...
ABB to Reinforce Bangladesh Power Grid & Help Meet Growing Demand
Bangladesh >> 4/18/2017 - ABB has won an order worth around $30 million, from Power Grid Company of Bangladesh Ltd (PGCB), the country’s national transmission utility, to support the country’s power infrastructure expansion an...
Wartsila to Power World's First LNG Fuelled Offshore Construction Vessel
China >> 4/18/2017 - The technology group Wartsila is to supply the engines and other propulsion machinery for a new offshore construction vessel being built at the Cosco shipyard in China. The ship owner is Belgian opera...
Nido Petroleum to Drill Galoc-7 Sidetrack
Philippines >> 4/18/2017 - Nido Petroleum Limited on behalf of the Galoc Joint Venture advises that on 13 April 2017 the Deepsea Metro I reached Total Depth of 2,373 metres Measured Depth RT (2,290 metres TVD RT) having drilled...
Lukoil Invests in Environmental Protecton Activities in Yamal-Nenets Autonomous District
Russia >> 4/18/2017 - LUKOIL will spend more than 500 million rubles on environmental protection activities in the Yamal-Nenets Autonomous District in the next three years. The financial resources will be used to implem...
Keppel Signs Agreement with EDB to Develop Gasification Facility in Singapore
Singapore >> 4/18/2017 - Keppel Infrastructure Holdings Pte Ltd (Keppel Infrastructure) has signed an agreement with the Singapore Economic Development Board (EDB) to develop, own and operate a state-of-the-art gasification f...
Pan Pacific Petroleum to Sell Vietnam Interests to Repsol
Vietnam >> 4/18/2017 - Pan Pacific Petroleum has executed an agreement to sell all the shares of PPP’s subsidiary, Pan Pacific Petroleum (Vietnam) (PPV), the company that owns its 5% interest in Block 07/03 located in the N...
GWL Announces 2D Seismic Survey in the Iranian Sector of the Caspian Sea
Iran >> 4/17/2017 - Geology Without Limits (GWL) in conjunction with Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT), plan to acquire 4 800 km of 2D seismic, gravity and magnetic data in t...
South Azadegan Crude Output Hits 80k b/d
Iran >> 4/17/2017 - Iran has brought oil recovery from South Azadegan oilfield, shared with Iraq, to 80,000 barrels per day after years that its output was stuck in the 50,000 b/d range. ...
Iran Inaugurates SP Projects
Iran >> 4/16/2017 - Iran has officially inaugurated several mega projects in its natural gas hub of South Pars – projects that can put the country in the lead over production from a giant field that it shares with Qatar....
Gazprom Builds 15 Exploratory & Development Wells in Bangladesh in Four Years
Bangladesh >> 4/14/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Abul Hassan Mahmood Ali, Minister of Foreign Affairs of the People’s Republic of Bangladesh, took place in Mo...
CNOOC Signs PSC with Husky
China >> 4/14/2017 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Bl...
New ICOFC Managing Director Appointed
Iran >> 4/14/2017 - Ali Kardor, managing director of the National Iranian Oil Company appointed Ramin Hatami as the managing director of the Iranian Central Oil Fields Company replacing Salbali Karimi. ...

Global Oil & Gas News

TGS Awarded Crean 3D Multi-Client Project Offshore Ireland
Ireland >> 4/24/2017 - TGS announces new multi-client acquisition project, Crean 3D on the Irish Atlantic Margin. Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South Porcupine Basin betwee...
Italy’s Refiner Saras Clears All Oil Debt with Iran
Italy >> 4/22/2017 - Key Italian oil refiner Saras says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012. ...
Rotork IQ3 Actuators Selected for Brazilian Water Treatment Plant Upgrade
Brazil >> 4/21/2017 - The upgrade at the Rio Manso WTP at Brumadinho in the south east of Brazil involved the building of an additional filter plant, the replacement of obsolete actuators on existing plant and the introduc...
Atlas Copco to Acquire Pump Rental Business in Brazil
Brazil >> 4/21/2017 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Itubombas Locacao Comercio Importacao e Exportacao Ltda, a pump rental company in the Brazilian market. ...
Amerisur Resources Spudded Well Platanillo-21
Colombia >> 4/21/2017 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce an update on operations in the Platanillo field in Colombia. ...
Neptune Oil & Gas Nears Engie E&P Deal after CIC ups Stake
France >> 4/21/2017 - Neptune Oil & Gas moved closer to the $2 billion purchase of a majority stake in the exploration and production arm of French utility Engie after agreeing Chinese sovereign fund CIC could increase its...
ENGIE E&P Norge Awards Contracts for Cara Feasibility Studies
Norway >> 4/21/2017 - ENGIE E&P Norge has awarded contracts for feasibility studies for the Cara project (PL 636) in the Norwegian part of the North Sea to TechnipFMC AS and Aker Engineering and Technology AS. The studies ...
Polarcus Amani Delivered to Sovcomflot
Norway >> 4/21/2017 - Reference is made to the stock exchange release from Polarcus Limited (Polarcus) published 9 February 2017 regarding a Norwegian subsidiary's agreement with SCF GEO AS (Sovcomflot) for a 5 1/2 year ba...
Rotork CK Valve Actuators Deliver Intelligent Modular Solutions
United Kingdom >> 4/21/2017 - The innovative Rotork CK range of modular electric valve actuators is designed to meet diverse actuation applications in the power and water industry. Built on the cornerstones of reliability and safe...
Spectrum Commence 2D Multi-Client Seismic Offshore Argentina
Spectrum Commence 2D Multi-Client Seismic Offshore Argentina Argentina >> 4/20/2017 - Spectrum is pleased to announce the commencement of a 35,000 km Multi-Client 2D seismic survey covering 435,000 km2 offshore the deep waters of Argentina in cooperation withYPF S.A. and the authorizat...
BP Considering Sale of Stakes in Canadian Oil Sands Assets
Canada >> 4/20/2017 - BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating f...
Interoil Announces Oil Discovery at C7 Formation
Colombia >> 4/20/2017 - The Company is pleased to announce that the Turaco 1 well has tested oil in the upper section of the C7 formation. The Turaco-1 well has been finalized and logs from selected sections of the C7 Forma...
Amerisur Resources Announces Operations Update
Colombia >> 4/20/2017 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce an update on operations in the Platanillo field in Colombia. ...
Yokogawa & Microsoft to Exhibit a Hot Spring Monitoring System at the Hannover Messe
Germany >> 4/20/2017 - Yokogawa Electric Corporation announces that a hot spring monitoring system solution based on its Industrial IoT (IIoT) architecture and which works on Microsoft's Azure IoT Suite will be jointly exhi...
Statoil Receives Consent for Exploration Drilling in Barents Sea
Norway >> 4/20/2017 - Statoil has received consent to drill an exploration well in block 7219 in the Barents Sea. Statoil is the operator for production licence 532 in the Barents Sea and has received consent to drill expl...
YPF & PentaNova Partner to Develop the Llancanelo Block
Argentina >> 4/19/2017 - Miguel Gutierrez, president of YPF, and Warren Levy, a pair of Patagonia Oil Corp, an affiliate of PentaNova Energy Corp, signed a terms and conditions agreement for the development of the Llancanelo ...
Vopak Expands in the Port of Santos, Brazil
Brazil >> 4/19/2017 - Royal Vopak announces that it will expand its wholly-owned terminal in Alemoa, which is located in Brazil's Port of Santos, Latin America's largest port. ...
Codelco Awards Jacobs a Contract for Chuquicamata Mine Project
Chile >> 4/19/2017 - Jacobs Engineering Group Inc. (NYSE:JEC) has received a contract from Codelco to provide engineering, procurement and field support services for the overhaul of acid plants at the Chuquicamata Mine in...
Wintershall Starts First Oil Production in Danish North Sea
Denmark >> 4/19/2017 - Wintershall Noordzee B.V. has commenced production from its first own-operated Danish oil field. The Ravn field (Block 5/06) produces oil from a depth of approximately 4,000 meters via a newly constru...
Consent Awarded for Holyhead Deep Marine Energy Project
United Kingdom >> 4/19/2017 - Xodus Group has delivered the Environmental Impact Assessment (EIA) and licence application for Minesto’s Holyhead Deep project west of Anglesey for which consent has been confirmed by Natural Resourc...
Shell Opens Treatment Plant in Argentina Shale Play
Argentina >> 4/18/2017 - Royal Dutch Shell PLC inaugurated a treatment plant for shale oil and gas in Argentina's Vaca Muerta shale play, one of the world's largest. ...
Well GY-683 on Initial Production at 80 bopd
Trinidad and Tobago >> 4/18/2017 - LGO is pleased to announce that its second development well, GY-683, in the new drilling campaign on the Company's Goudron Field, which was drilled to a total depth of 1,250 feet measured depth and pe...
Strategy, Conditional Funding, Share Consolidation
United Kingdom >> 4/18/2017 - Following the announcement on 6 March 2017, Independent Resources, the upstream oil & gas company, is pleased to announce a Latin American gas strategy and signature of non binding heads on the fundin...
Sale Process of BM-S-8 Exploration Block
Brazil >> 4/17/2017 - Petrobras informs that became aware of the decision by the 2nd Federal District Court (Sergipe state) that granted an injunction to suspend the transfer of Petrobras’ stake in the BM-S-8 exploration b...
Mahalo Block Work Plan Approved
Australia >> 4/13/2017 - Comet Ridge Limited is pleased to announce that the Mahalo Joint Venture (Comet Ridge-40%, Santos-30%, and APLNG-30%) has unanimously approved the Amended Mahalo 2017 Joint Venture Exploration Work Pr...
Chevron Exploring Sale of Canada Oil Sands Stake for $2.5b
Canada >> 4/13/2017 - Chevron Corp, the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to peop...
DONG Energy Awarded Three German Offshore Wind Projects
Germany >> 4/13/2017 - In the first of two German auction rounds, the Bundesnetzagentur has awarded DONG Energy the right to build three offshore wind projects in the German North Sea. DONG Energy submitted six projects in ...
BP Starts Up Trinidad Onshore Compression Project
Trinidad and Tobago >> 4/13/2017 - BP Trinidad and Tobago LLC (bpTT) announced the start-up of the Trinidad onshore compression (TROC) project - one of seven major upstream projects BP expects to bring online in 2017. ...
ABB Supports Kayseri OSB Project with its Solar Solutions
Turkey >> 4/13/2017 - ABB provides high-performance, modular inverters to Kayseri OSB (Organized Industrial Zone), the largest solar power plant in Turkey. The plant was constructed by Seferoglu Elektrik / Efektif Enerji a...
ConocoPhillips to Sell San Juan Basin Assets for $3B
United States >> 4/13/2017 - ConocoPhillips (COP) announced it has entered into a definitive agreement to sell its interests in the San Juan Basin to an affiliate of Hilcorp Energy Company for up to $3.0 billion of total proceeds...
KBR Executes Global Master Contract with Chevron
KBR Executes Global Master Contract with Chevron United States >> 4/13/2017 - KBR, Inc. (KBR) announced it has signed a multi-phase ten-year engineering and procurement services master contract (Master Contract) with Chevron U.S.A. Inc. to provide engineering and procurement s...
YPF & Schlumberger Signed Agreement to Invest $390M in Vaca Muerta
YPF & Schlumberger Signed Agreement to Invest $390M in Vaca Muerta Argentina >> 4/12/2017 - Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Angel Gutierrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquen. ...
SAExploration & Hocol Sign Agreement for Geophysical Services
Colombia >> 4/12/2017 - SAExploration Holdings, Inc. (SAEX), or SAE, announced the signing of a three year agreement with Hocol S.A. to be its provider of seismic acquisition services in Colombia. Founded in 1956, Hocol S.A...
Enel Acquires 13.6% of the Romanian Subsidiaries E-Distributie Muntenia and Enel Energie Muntenia
Romania >> 4/12/2017 - Enel S.p.A. (“Enel”) announces that its wholly-owned subsidiary Enel Investment Holding B.V. (“EIH”) has today finalised the acquisition from SAPE S.A. (“SAPE”, the Romanian state-owned holding compan...
JDR to Supply 66kV Intra-Array Cables for East Anglia One
United Kingdom >> 4/12/2017 - JDR, a leading supplier of subsea power cables and umbilicals to the global offshore energy industry, has been awarded a contract by VBMS (UK) Ltd to supply intra-array cables for ScottishPower Renewa...
L.A. Turbine & GEA to Collaborate With Honeywell as Part of Connected Plant
United States >> 4/12/2017 - Honeywell (HON) announced that L.A. Turbine Corp. and GEA have both joined Honeywell’s Connected Plant program to jointly develop and provide solutions and technologies that will help customers minimi...
NADL Signs $1.4 Billion Rigs Contract with ConocoPhillips
Bermuda >> 4/11/2017 - North Atlantic Drilling Ltd (North Atlantic) has secured 10-year contract awards for the jack-ups West Elara and West Linus with ConocoPhillips Skandinavia AS (ConocoPhillips) for work in the Greater ...
Amec Foster Wheeler Wins Contract for Multi-Fuel CFB Designed to Burn 100% Biomass
Finland >> 4/11/2017 - Amec Foster Wheeler has been awarded a contract by Lahti Energia Oy, a municipality-owned energy supplier, for the design, supply and assembly of a circulating fluidized-bed (CFB) steam generator plan...
Lundin Petroleum Completes Edvard Grieg Appraisal Well
Norway >> 4/11/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Edvard Grieg Southwest appraisal well 16/1-27. The app...
Wood Group Wins Design Contract for Snorre Expansion Project
Norway >> 4/11/2017 - Wood Group has been awarded a contract with Statoil to provide front end engineering design (FEED) to the subsea flowline system of the Snorre Expansion Project in the Norwegian North Sea. The contrac...

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