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Current Oil and Gas Headlines


Middle East Oil & Gas News

Oil Search Completes the Logging of Taza 1 St2 Well
Iraq >> 5/16/2013 - Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,351 metres and completing wireline logging of the open-hole interval. ...

Turkey's State Oil Co & Exxon to Develop in Kurdistan
Iraq >> 5/14/2013 - Turkey's state-run oil firm has struck an agreement with U.S. oil giant Exxon Mobil Corp. (XOM) to develop joint projects in Kurdish-administered northern Iraq, the country's Prime Minister Recep Tayy...

Orpic Plans Study to Build $4b Project
Oman >> 5/14/2013 - Oman Oil Refineries and Petroleum Industries Company (Orpic) plans to conduct a study for a proposed steam cracker plant to produce polypropylene and polyethylene as part of its business development p...

Circle Oil Announces Preliminary Results in 2012
Oman >> 5/13/2013 - Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce its results for the year ended 31 December 2012. Circle operates two concessions i...

Chiyoda Awarded $600m Contract for Laffan Refinery 2
Qatar >> 5/13/2013 - The contract for the Engineering, Procurement, Supply, Construction and Commissioning (EPSCC) of the Laffan Refinery 2 (LR 2) Project, the second condensate refinery at Ras Laffan Industrial City, has...

Yanbu Refinery to Reach Full Capacity This Week
Saudi Arabia >> 5/12/2013 - State-giant Saudi Arabian Oil Co., or Saudi Aramco, has restarted its Red Sea Yanbu refinery, which it owns with Exxon Mobil Corp. (XOM), after nearly two months of maintenance to bring a new clean-fu...

Lebanon Has 30 Trillion Cubic Feet of Offshore Gas
Lebanon >> 5/10/2013 - Preliminary surveys of Lebanese offshore fields show reserves of 30 trillion cubic feet of natural gas and 660 million barrels of oil, Lebanon's energy minister said, adding that production could begi...

Sipchem Starts Up Ethyl Acetate & Butyl Acetate Plant
Saudi Arabia >> 5/10/2013 - Saudi International Petrochemical Company (Sipchem) announces the start-up of ethyl acetate (EA) & butyl acetate (BA) plant owned by Sipchem Chemicals Company (fully owned by Sipchem) at its complex i...

Oil Search Completed the Taza 1 St2 Well Test
Iraq >> 5/9/2013 - Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,351 metres and conditioning the hole prior to running wireline logs over the open-hole section.

During the week, the well t...


TAQA Appoints UK, Iraq Managing Directors
Iraq >> 5/9/2013 - Abu Dhabi, United Arab Emirates – TAQA, the global energy company based in Abu Dhabi, has appointed Pete Jones to the position of Managing Director for TAQA’s UK oil and gas business. Mr Jones will be...

Oman Crude Oil and Condensates Production
Oman >> 5/9/2013 - The Monthly Report released by the Ministry of Oil and Gas pointed out that the Sultanate"s crude oil and condensates production in April 2013 amounted to 26,963,149 barrel, an average of 898,772 barr...

Militants Bombed Kirkuk-Ceyhan Pipeline
Iraq >> 5/8/2013 - Militants blew up a pipeline carrying Iraqi crude from Iraq's northern city of Kirkuk to Turkey's Mediterranean port of Ceyhan on Monday night, stopping the flow of oil, an Iraqi oil ministry spokesma...

WorleyParsons Awarded Contract for Al Shaheen Field
Qatar >> 5/8/2013 - Maersk Oil Qatar A/S (Maersk Oil) has awarded WorleyParsons Qatar WLL a four year "General Design Contract" to conduct engineering design modifications and material definition for works associated wit...

Blocks 3&4 Production update in April 2013
Oman >> 5/7/2013 - Tethys’ share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in April 2013 to 129,916 barrels of oil, corresponding to 4,331 barrels of oil per d...

Calvalley Discovers New Oil Pool in Block 9
Yemen >> 5/7/2013 - Calvalley Petroleum Inc. is pleased to announce results from the drilling of its Ras Nowmah South exploration prospect. The well was drilled to a total depth of 1,530 meters and intersected the Qishn ...

Shell Iraq Awarded a Contract to Wood Group & CCC
Iraq >> 5/6/2013 - Shell Iraq Petroleum (Shell) has awarded a commissioning services contract to Wood Group-CCC (WGCCC), a company equally owned by Wood Group PSN (WGPSN) and Consolidated Contractors Company (CCC), prov...

Gulf Keystone Set for Significant Production Growth
Iraq >> 5/2/2013 - Gulf Keystone, a leading independent E&P operator in the Kurdistan Region of Iraq, is pleased to provide an update on its four blocks in the Kurdistan Region of Iraq, including the world-class discove...

Oil Search Continue the Testing Operations
Iraq >> 5/2/2013 - Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,351 metres and continuing a well test of the Euphrates Formation and part of the Dhiban Formation. ...

Gulf Keystone Provides Updates on Kurdistan Region
Iraq >> 5/2/2013 - Gulf Keystone, a leading independent E&P operator in the Kurdistan Region of Iraq, is pleased to provide an update on its four blocks in the Kurdistan Region of Iraq, including Sheikh Adi, Akri-Bijeel...

Iraq Launches World’s Largest Flare Reduction Project
Iraq >> 5/1/2013 - South Gas Company, Shell and Mitsubishi officially announced the commencement of operations of Basrah Gas Company, which will be the largest gas project in Iraq’s history and the world’s largest flare...

HLG Awarded AED250m SARB Field Infrastructure Project
United Arab Emirates >> 5/1/2013 - Habtoor Leighton Group (HLG) has secured an AED250 million contract for the design and construction of an accommodation camp and associated utilities on two artificial islands, S1 & S2, as part of the...

BP Will Build New Port Terminal in Southern Iraq
Iraq >> 4/30/2013 - British oil major BP has signed a deal with Iraq to build a new terminal at the southern port of Khor al-Zubair, a move showing the OPEC-member is seeking the help of international oil firms to upgrad...

Iraq's Oil Exports Rise 7.6 Pct in April on Month
Iraq >> 4/30/2013 - Iraq's oil exports rose in April to 2.6 million barrels per day (bpd), the country's oil minister said on Tuesday, helping to keep global markets well supplied as shipments from regional rival Iran ar...

OPEC Member Countries Economy – April 2013
Saudi Arabia >> 4/30/2013 - Saudi consumer price inflation is expected to remain manageable throughout the forecast period, in large part reflecting the maintenance of price subsidies on a range of basic goods, such as foodstuff...

ADNOC & Shell Form JV for $10bn Bab Sour Gas Project
United Arab Emirates >> 4/30/2013 - Abu Dhabi National Oil Co (ADNOC) has awarded Shell a contract exceeding $10bn to develop the Bab sour gas project. ADNOC holds 60% interest in the joint venture and Shell holds the remaining 40%.
...


Middle East Oil Supply - April 2013
Bahrain >> 4/29/2013 - The Middle East’s oil production is expected to remain steady in 2013 and average 1.50 mb/d, indicating a downward revision of 10 tb/d from the previous month. This adjustment came from Bahrain, while...

Genel Announces Successful Test in Chia Surkh Block
Iraq >> 4/25/2013 - The Anglo-Turkish oil and gas independent, Genel Energy, announced that a second drill-stem test carried out on the Chia Surkh 10 well has confirmed the existence of an additional oil bearing section....

Taza 1 ST2 Well Test Result
Iraq >> 4/24/2013 - Oil Search reports that as at 06:00 hours KRI time on 24 April, the Taza 1 ST2 well was at a depth of 3,351 metres and undergoing a well test of the Euphrates Formation and part of the Dhiban Formatio...

Iraq Kurdistan Doubles Oil Exports, Shuns Baghdad
Iraq >> 4/23/2013 - Iraqi Kurdistan's oil exports to world markets, deemed illegal by Baghdad, have doubled since the start of the year and flows from the autonomous region are set to rise higher still. ...

Rosneft Targets Oil and Gas in Iraq
Iraq >> 4/23/2013 - Rosneft (ROSN.MM) said it may seek an alliance with ExxonMobil (XOM.N) or other partners in Iraq and double its Russian gas market share by 2020, boosting its credentials as the world's largest listed...

Middle East Oil Demand in April 2013
Saudi Arabia >> 4/23/2013 - Saudi Arabian oil demand in February witnessed a remarkable rise of 12% y-o-y, as a result of increasing requirements for industrial and transportation fuels, while, as in January, mild weather implie...

QP & Partners Sign JV Agreement for Laffan Refinery 2
Qatar >> 4/22/2013 - Qatar Petroleum (QP) signed a Joint Venture Agreement with Total, Idemitsu, Cosmo, Marubeni and Mitsui for the new Laffan Refinery 2 (LR2) Project. ...

Mitsui Acquired 1% Interest in Laffan Refinery 2
Qatar >> 4/22/2013 - Mitsui & Co., Ltd. ("Mitsui"; Head Office: Tokyo, President and CEO: Masami Iijima) entered into the joint venture agreement of Laffan Refinery 2 Project acquiring 1% interest in the venture (Laffan R...

Mott MacDonald Awarded Contract for Al Khafji Field
Saudi Arabia >> 4/22/2013 - Mott MacDonald has been awarded a five year engineering services consultancy contract by Al Khafji Joint Operations of Saudi Arabia covering the maintenance and development of the 40 year old Khafji o...

UAE's Shah Gas Project on Track for Completion
United Arab Emirates >> 4/22/2013 - The United Arab Emirates' Shah gas project is on track for completion by the end of 2014, the chief executive of the Abu Dhabi Gas Development Company said. ...

Shell Is the Nearest to Win Bab Sour Gas Project
United Arab Emirates >> 4/22/2013 - The United Arab Emirates (UAE) will award a multi-billion dollar contract to develop the Bab sour gas field in a few weeks and Royal Dutch Shell is in a strong position, the director of Abu Dhabi Nati...

RasGas Taps into All Liquid Markets in NW Europe
Qatar >> 4/21/2013 - RasGas Company Limited (RasGas) just delivered its first commercial liquefied natural gas (LNG) cargo to GATE (Gas Access Terminal Europe) in Rotterdam, The Netherlands. This short-term sale marks the...


Africa Oil & Gas News

Petrofac Expects Modest Growth Hit by In Amenas Delays
Algeria >> 5/16/2013 - British oil services firm Petrofac said it expected modest growth in net profit this year after its books were hit by the shut down of the In Amenas gas plant in Algeria following an attack in January...

SPDC Declares Force Majeure on Gas Supplies to NLNG
Nigeria >> 5/16/2013 - Shell Petroleum Development Company Limited (“SPDC”) has declared force majeure on gas supplies to Nigeria LNG, effective 09:00 hrs (Nigerian time) on Wednesday, May 15 2013. ...

DualEx Provides Update on Upcoming Tunisia Drilling
Tunisia >> 5/16/2013 - DualEx reports that the Hydrocarbon Committee has formally approved a one-year extension to the initial term of the Bouhajla Permit, which will now expire on April 29, 2014. As previously announced, t...

Total Buys Shell's Retail Network in Egypt
Egypt >> 5/15/2013 - French oil company Total SA Wednesday confirmed it acquired Royal Dutch Shell PLC's fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and wide...

Protesters Halt Oil Exports from Libyan Terminal Again
Libya >> 5/15/2013 - Oil exports from Libya's eastern port of Zueitina have been halted by protesters who stormed the terminal, forcing workers to leave their positions, three industry sources on Wednesday. ...

Afren Completes Farm out Agreement on OPL 310
Nigeria >> 5/14/2013 - Afren plc announces the completion of a farm out agreement with Lekoil Limited ("Lekoil") on the OPL 310 licence, located offshore Nigeria, and an update on the exploration drilling programme on the b...

Mashreq to Build Fuel Terminal on the Suez Canal
Egypt >> 5/13/2013 - Citadel Capital, the leading investment company in Africa and the Middle East, announced today that core platform company Mashreq Petroleum has signed a 25-year concession agreement with the East Port...

Tullow Oil Spuds Etuko-1 Well in Block 10BB
Kenya >> 5/13/2013 - Africa Oil Corp. (Africa Oil) is pleased to announce that Tullow Oil Plc, the operator of Block 10BB in Kenya, has commenced drilling at the Etuko (formerly Kamba) prospect. This well will target a ne...

Simba Energy Signs MoU with Ajax to Farm out Block 2A
Kenya >> 5/13/2013 - Simba Energy Inc. (Simba), the onshore pan-African oil and gas explorer with assets in Kenya, Guinea and Chad, is pleased to announce that it has signed a memorandum of understanding (MOU) with Ajax E...

Proserv Wins a Sampling System Contract for PSVM Field
Angola >> 5/9/2013 - Market-leading energy services company Proserv has won a multi-million dollar contract in Angola, underpinning the company’s fast-evolving subsea status and increasing demand for its sampling system i...

Approval of 3 Petroleum Prospecting Licences in Botswana
Botswana >> 5/9/2013 - SacOil Holdings Limited, the African independent upstream oil and gas company, is pleased to announce that its Botswana subsidiary, Transfer Holdings (Proprietary) Limited, has been advised by the Bot...

Westbridge Establishes Strategic Alliance in Nigeria
Nigeria >> 5/9/2013 - Westbridge Energy Corporation announced it has entered into a strategic alliance agreement (the "Agreement") with United Oil and Gas Nigeria Limited ("UOG") to jointly acquire and develop near term pr...

Ophir & BG Group Extend Deepsea Metro I Rig Contract
Tanzania >> 5/9/2013 - Ophir Energy plc (Ophir) announces that it has secured a drilling rig and executed a letter of agreement for Rig Share Assignment with BG Group for the continuation of its 2013- 2014 East African offs...

Northern Petroleum Spuds GM-ES-4 Exploration Well
French Guiana >> 5/8/2013 - Northern Petroleum Plc is pleased to announce that GM-ES-4, the third well of the current four well exploration programme in the Guyane Maritime Permit (French Guiana) has been spudded by Shell as Ope...

Tullow CEO Sees Uganda Oil Plan MOU Agreed in Next Weeks
Ghana >> 5/8/2013 - U.K.-listed oil explorer Tullow Oil PLC is weeks away from an agreement with the Ugandan government on the final outline of a plan paving the way for investments of some $12 billion to develop the cou...

Rialto Completes Accra Block Farm-in with Tap Oil
Ghana >> 5/8/2013 - The Company is pleased to announce that it has received notification from Tap Oil Limited that Rialto has satisfied the conditions under its Farm-in Agreement, for its acquisition of a 12.5% participa...

Correction to Announcement of Accra Block Entry
Ghana >> 5/8/2013 - The Company’s announcement regarding its entry into the Accra Block offshore Ghana incorrectly stated that the Starfish-1 well is estimated to hold an estimated gross prospective un-risked mean resour...

RAK Petroleum Acquires Interest in Ivory Coast Block 27
Ivory Coast (Cote D'Ivoire) >> 5/8/2013 - RAK Petroleum Public Company Limited, the energy investment company, announced net profits of AED 271.6 million for the year ended 31 December 2012, marking a fourth consecutive year of profitability ...

Apache Announced Three Discovers in Egypt
Egypt >> 5/7/2013 - Apache Corporation announced drilling success with three new discovery wells in Egypt's Western Desert. "Apache's discoveries, made in three separate basins, highlight the company's diverse potential ...

CAMAC Announces Approval of Drilling Permit for Oyo Well #7
Nigeria >> 5/7/2013 - CAMAC Energy Inc announced that Nigeria's Department of Petroleum ("DPR") approved Allied Energy Plc's application for a drilling permit for Oyo well #7. ...

South Sudan to Pay Sudan $2 Billion in Oil Fees by 2015
Sudan >> 5/7/2013 - Sudan looked set to receive $2 billion in oil pipeline fees from South Sudan by the end of 2014 and should prioritize overhauling its agricultural sector with the money, the International Monetary Fun...

Swala Awards US$7.3MM 2D Seismic Contract to Polaris
Tanzania >> 5/7/2013 - Swala Energy Limited (Swala), the oil and gas explorer with oil exploration assets located along the East African Rift System, is pleased to announce that its 65% owned subsidiary, Swala Oil and Gas (...

Nexans Wins 25 Million Euro Contract for Lianzi Project
Angola >> 5/6/2013 - Nexans, a worldwide expert in the cable industry, has been awarded a 25 million Euro contract by Subsea 7, a global leader in seabed-to-surface engineering, construction and services to the offshore e...

ERHC to Farm-out Part of its Interest in Kenya Block 11A
Kenya >> 5/6/2013 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced that it has signed a letter of intent with an integrated international oil and gas company...

Petro Viking Signs LOI to Acquire Interests in Namibia
Namibia >> 5/6/2013 - Petro Viking Energy Inc is pleased to announce that it has entered into a Letter of Intent ("LOI") with each of two Namibian corporations which hold current applications for offshore blocks in Namibia...

Sirius Signs Exclusivity Off-take Agreement with Glencore
Nigeria >> 5/4/2013 - Sirius is pleased to announce that it has entered into an Exclusivity Off-take Agreement (“the Agreement”) with Glencore Energy UK Limited (“Glencore”) which includes provision for a conditional pre-f...

Nigerian Lawmakers to Probe State Oil Firm Deals without Tenders
Nigeria >> 5/3/2013 - Nigerian lawmakers said that next week they will investigate deals in which the state-oil firm gave two local firms with no previous operating experience the rights to make potentially billions of dol...

Siemens to Deliver 3 SGT-500 Gas Turbines to Nigeria
Nigeria >> 5/3/2013 - Siemens Energy has been awarded an order for three of its model SGT-500 gas turbines, marking the first deliveries of such units to Nigeria. Customer is Edo Cement, a company belonging to the Nigerian...

Jumbo Installed Five Structures for Ikhwezi Project
South Africa >> 5/3/2013 - Last week Jumbo successfully completed the deployment of five subsea structures for PetroSA’s Ikhwezi project, offshore South Africa. The installation of the five structures, weighing between 35 and 1...

Sonde Announces Retirement of President & CEO
Tunisia >> 5/3/2013 - Sonde Resources Corp announced that Jack Schanck, President and Chief Executive Officer, has formally notified the Board of Directors of his intention to retire from Sonde for personal reasons. Mr. Sc...

PA Announces Carla South Oil Discovery in Block I
Equatorial Guinea >> 5/2/2013 - The Carla South exploration well in Block I has encountered oil in good quality sandstones at the target level. The well will shortly be side-tracked to an adjacent target. ...

Havyard Orders MacGregor Cranes for New Nigerian IMR Vessel
Nigeria >> 5/2/2013 - In April, MacGregor, part of Cargotec, signed an order with Norwegian shipyard, Havyard Ship Technology AS, for two MacGregor offshore cranes. Both will be installed on a new Havyard 857 subsea inspec...

Africa Oil Supply - April 2013
Sudan >> 5/2/2013 - Africa’s oil supply is projected to increase by 50 tb/d in 2013 to average 2.37 mb/d, indicating an upward revision of 35 tb/d from the previous MOMR. Upward revisions were introduced for Sudan and So...

Rialto Enters Agreement Regarding Vantage Sapphire Rig
Ivory Coast (Cote D'Ivoire) >> 5/1/2013 - The Company has entered into an agreement with Vantage Drilling Company (Vantage) regarding payment terms in relation to the early termination of the rig contract regarding the Vantage Sapphire Drilli...

Ophir Completes Mzia-2 DST in Block 1 Successfully
Tanzania >> 5/1/2013 - Ophir Energy plc (Ophir) announces the successful Mzia-2 Drill Stem Test (DST), Block 1 Tanzania. The Mzia-2 appraisal well was drilled earlier in February 2013, confirming an estimated 62m of net gas...

BG's Tanzania Gas Plans Move Ahead
Tanzania >> 5/1/2013 - BG Group said it will present the Tanzanian government with proposed locations for a huge liquefied natural gas (LNG) terminal in the next few months, as the project moves ahead after another successf...

Ferguson Appoints Alpha Logistics as East African Partner
Kenya >> 4/30/2013 - The Ferguson Group, specialists in the rental of DNV 2.7-1/EN12079 certified containers, tanks, baskets, refrigeration containers, accommodation and engineering modules to the offshore energy sector, ...

Algeria's Sonatrach Eyes Mozambique Gas Assets
Mozambique >> 4/30/2013 - Algerian state energy firm Sonatrach is in talks to buy a stake in Mozambique offshore gas projects operated by Italy's Eni and Anadarko Petroleum Corp , its chief executive was quoted as saying. ...

WesternGeco Commences Multiclient Seismic Survey Offshore Mozambique
Mozambique >> 4/30/2013 - WesternGeco announced that it has begun acquisition of a major multiclient seismic survey offshore Mozambique using the ObliQ sliding-notch broadband acquisition and imaging technique. The technique o...

Oando Announces Closing of Qua Ibo Acquisition
Nigeria >> 4/30/2013 - Oando Energy Resources Inc, a company focused on oil exploration and production in Nigeria, announced the closing of its acquisition from Oando Plc (“Oando”) of shares in Oando Qua Ibo Limited (which ...


Asia Oil & Gas News

Iran Invests $16 bln in South Pars Gas Field
Iran >> 5/19/2013 - An Iranian oil company official has stated that 16 billion dollars is due to be invested for the development of South Pars gas field within next ten months, as far as projections are concerned. ...

Turkey to Transit 2bcm of Iranian Gas to Europe
Iran >> 5/18/2013 - Turkey will to transit 2 billion cubic meters of Iranian gas annually to Europe, the Mehr News Agency reported. ...

Largest SP Gas Field Jacket Installed
Iran >> 5/18/2013 - The final jacket of the South Pars gas field phase 19 as the largest jacket of the gas field was set up in its specific place in depth of 72 meters in the Persian Gulf waters. ...

India Oil Trade in April 2013
India >> 5/17/2013 - India’s crude oil imports dropped In March both on a monthly and on an annual basis. The drop is equal to 75 tb/d or 2% m-o-m, while y-o-y it saw a slight decline of 9 tb/d or 0.3%, to average 3.60 mb...

Far East Spudded 15th and 16th Wells of 2013
China >> 5/16/2013 - Far East Energy Corporation announced that production wells 115V and 119V have reached total depth; preliminary gas content has been determined for the SYE03 appraisal well; and two more wells have be...

Salamander Energy Signed PSCs in Indonesia
Indonesia >> 5/16/2013 - Salamander Energy plc announces that it has signed Production Sharing Contracts (PSCs) for the Northeast Bangkanai and West Bangkanai license areas, onshore central Kalimantan, Indonesia. Salamander i...

Cargotec Wins EUR 22 Million to Deliver AHC Subsea Crane
South Korea >> 5/16/2013 - Cargotec's MacGregor has received EUR 22 million order to deliver a 900-tonne active heave-compensated (AHC) MacGregor subsea crane to the South Korean shipyard, Hyundai Heavy Industries Co Ltd. The c...

Tethys Petroleum Signs Protocol of Intent in Uzbekistan
Uzbekistan >> 5/16/2013 - Tethys Petroleum Limited announced that it has signed a Protocol of Intent ("POI") with the Uzbek State oil and gas company, National Holding Company "Uzbekneftegaz" ("UNG") for exploration work on th...

ABB Wins Long-Term Service Agreement From China LNG Shipping
China >> 5/15/2013 - ABB, the leading power and automation technology group, signed a long-term Preventive Service agreement with China LNG Shipping International Co. Ltd (CLSICO) to provide maintenance services to all AB...

Iran allocates $450m for oil, gas exploration projects
Iran >> 5/15/2013 - Iran has allocated 5.5 trillion rials (about $450 million) to oil and gas exploration projects in the current Iranian calendar year, which started on March 21, Hormoz Qalavand the head of exploration ...

Approval of Licence Extension Asanketken Field on Trial Production
Kazakhstan >> 5/15/2013 - Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received final regulatory approval of a two-year extension of the explora...

FSU Oil Trade in April 2013
Russia >> 5/15/2013 - In March, total crude oil exports from the FSU declined by 57 tb/d or 0.9% to average 6.4 mb/d. Crude exports through the Russian pipeline increased by 62 tb/d or 1.5% to average 4.1 mb/d, while crude...

Construction of Kazachya Compressor Station Starts
Russia >> 5/15/2013 - The construction of the Kazachya compressor station (CS) started in the Krasnodar Territory. At the moment, the foundation is being built for the station facilities. ...

Iran and Lebanon Boosting Oil Cooperation
Iran >> 5/14/2013 - Iran and Lebanon oil officials reached new agreements on expanding cooperation in oil and gas industry during a meeting held in Beirut May 12. ...

Gazprom & Petrovietnam Sign MOU in Natural Gas Use
Russia >> 5/14/2013 - In Moscow Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee and Nguyen Vu Truong Son, Vice President of Petrovietnam State Oil and Gas Corporation signed in the presence of Dmitry M...

Gazprom Neft Completes 1st Oil Shipment from Novoport Field
Russia >> 5/14/2013 - Gazprom Neft has completed its first season, which lasted from February through April of this year, of oil shipments from Novoport field. A total of over 10,000 tons of crude oil was shipped from the ...

Gazprom Neft Launches New Associated Gas Utilization Project
Russia >> 5/13/2013 - Gazprom Neft is beginning a project to build a compressor station at Yety-Purovskoye field (developed by Gazprom Neft Noyabrskneftegaz) in Yamalo-Nenets Autonomous Okrug. The new compressor station, w...

Asia Oil Supply – April 2013
India >> 5/12/2013 - Asia’s oil production is expected to remain steady in 2013, compared with last year, with a minor increase of 30 tb/d to average 3.65 mb/d, representing an upward revision of 25 tb/d from the previous...

Iran to Build 6 Oil Refineries in Africa
Iran >> 5/12/2013 - Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced. ...

NIDC Providing Engineering and Technical Services
Iran >> 5/12/2013 - Managing director of National Iranian Drilling Company (NIDC) says the company is able to compete with foreign companies in providing engineering and technical services pertaining to drilling industry...

Japan Economy – April 2013
Japan >> 5/11/2013 - Data that has been released on the Japanese economy for the 1Q13 has pointed at continued deceleration when compared to last year. Exports have not entirely recovered yet and domestic demand is still ...

Caspian and China Oil Supply – April 2013
Azerbaijan >> 5/10/2013 - Kazakhstan’s oil output is expected to increase by 80 tb/d to average 1.67 mb/d in 2013, indicating an upward revision of 15 tb/d from the previous MOMR. This revision came on the back of updated prod...

Songa Venus Secures Contract Extension in Vietnam
Vietnam >> 5/10/2013 - Songa Offshore SE is pleased to announce an agreement has been reached with Mubadala Petroleum to further extend the Venus program to cover an additional two firm wells and two option wells in Vietnam...

Wood Group Awarded Engineering Services Contract
Indonesia >> 5/9/2013 - Wood Group Kenny in Indonesia has been awarded a multimillion dollar, three-year general engineering services contract by ConocoPhillips Indonesia Inc. Ltd. to support all of its pipelines and related...

Iran to Boost Gas Condensate Output to 650,000bpd
Iran >> 5/8/2013 - Iran’s gas condensate production will rise to 650,000 barrels per day (bpd) in the current [Iranian calendar] year once new phases of the South Pars gas field come on stream, the managing director of ...

Iran Discovers a Huge Gas Field in Illam
Iran >> 5/8/2013 - Iran has discovered a large gas field with around 260 billion cubic feet (bcf) of in-situ reserve, of which 175bcf will be recoverable, National Iranian Oil Company managing director Ahmad Qalebani an...

Haftkel Oilfield Process Project at 67% Headway
Iran >> 5/8/2013 - The project of Haftkel oilfield processing renovation has made 67% progress up to now, announced head of NISOC Technical Affairs Department. ...

FSU and Russia Oil Supply – April 2013
Russia >> 5/8/2013 - Total FSU oil supply is expected to increase by 110 tb/d to average 13.41 mb/d in 2013, indicating an upward revision of 25 tb/d from last month. This minor revision came from Russia’s and Kazakhstan’...

Asian Developing Countries Oil Demand in April 2013
India >> 5/7/2013 - In February, Indian oil consumption fell for the first time for 23 months, by 1.5% y-o-y, driven by sluggish economic growth and weaker farm, mining and manufacturing activity. All product requirement...

Max Commenced ZMA-E6 Well Drilling in Zhana Makat Field
Kazakhstan >> 5/7/2013 - Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ZMA-E6 development well in the Zhana Makat Field o...

Iran Announces Discovery of New Shale Oil Reserves
Iran >> 5/6/2013 - New reserves of shale oil have been discovered in Iran’s western Lorestan province, Hormoz Qalavand the head of exploration at the National Iranian Oil Company (NIOC) announced. ...

New Gas Discovery Onshore Pakistan
Pakistan >> 5/6/2013 - Eni has made a new gas discovery in the Sukhpur Block located in the Kirthar Foldbelt, onshore Pakistan, 270 kilometers north of Karachi, Sindh Province. ...

Shelton Discovers Oil in New Well at Rustamovskoye
Russia >> 5/6/2013 - Shelton Petroleum is pleased to announce that the new well at the Rustamovskoye oil field in Russia has encountered oil in a sandstone formation at the target depth. The well will now be tested. ...

Iran Allocating 14.5% of Oil Revenues to Oil Industry Satisfactory
Iran >> 5/5/2013 - Iranian Minister of Petroleum expressed satisfaction with a decision by a Parliament’s commission on allocating 14.5 percent of oil revenues to development of oil industry. ...

Petrochemical Companies Authorized To Start Exports
Iran >> 5/4/2013 - Manager of production Department at National Petrochemical Company (NPC) has said that Market Regulating Committee has permitted exports of one million tons of petrochemical and polymeric products ove...

Drilling Contract of 22 wells in South Yaran Oilfield Signed
Iran >> 5/4/2013 - Drilling contract of 22 wells in South Yaran Oilfield was signed in the sideline of Iran’s 18th International Oil, Gas, Refining, and Petrochemical Exhibition. ...

Iran to Tap South Pars Phases 15 & 16
Iran >> 5/4/2013 - Iran will start production at the phases 15 and 16 of the South Pars gas field in the Iranian calendar month of Khordad, which begins on May 22, Pars Oil and Gas Company Managing Director Mohammad-Rez...

SOCAR Drilling works for April 2013
Azerbaijan >> 5/3/2013 - SOCAR (excluding Joint Ventures and Operating Companies) conducted 17190 meters drilling works in April 2013.Of this amount, development drilling made up 16693 meters and exploration drilling - 497 me...

Shah Deniz Begins Evaluating Binding Transportation Bids
Azerbaijan >> 5/2/2013 - The Shah Deniz consortium has begun evaluating binding transportation offers from the two pipeline consortia offering to carry gas from the Shah Deniz field in Azerbaijan into Europe. This represents ...

China Oil Demand in April 2013
China >> 5/2/2013 - The growth in Chinese oil demand in February, at 1.9% y-o-y, was much lower than that experienced during the previous four months, after January, for example, had recorded growth of almost 7%. The oil...


Global Oil & Gas News

Petrominerales Awarded 3 Blocks in the 11th Bid Round
Brazil >> 5/17/2013 - Petrominerales is pleased to announce that, following the Brazilian 11th Bid Round ("Bid Round"), administered by the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis of Brazil ("ANP"), we ...

Southwestern Closes Acquisition of Marcellus Shale
United States >> 5/17/2013 - Southwestern Energy Company announced that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale in Pennsylvania. The properties were acquired fr...

MC Advances Plans for LNG Exports from USA
United States >> 5/17/2013 - Mitsubishi Corporation (MC) has signed a 20-year tolling agreement with Cameron LNG (CLNG), a subsidiary of Sempra Energy (Sempra), for the liquefaction of natural gas which would enable export of liq...

BP One Step Closer to Completion of Carson Refinery
United States >> 5/17/2013 - BP announced that it expects to complete the sale of its Carson Refinery and Southwest U.S. retail assets to Tesoro Corporation in the second quarter of this year now that the transaction has received...

Chevron Agrees Terms of Argentina Shale Investment with YPF
Argentina >> 5/16/2013 - Argentine energy company YPF (YPF.N) signed an agreement with U.S. oil major Chevron Corp on Wednesday to define the terms and conditions of Chevron's investment of up to $1.5 billion in Argentina's v...

Premier Awarded 3 Blocks in Brazil’s 11th Round
Brazil >> 5/16/2013 - Premier is pleased to announce that it has been awarded three blocks in Brazil’s 11th Round held in Rio de Janeiro on 14 May. The blocks are located in deep water basins offshore North East Brazil in ...

Petrobras Buys the Most Blocks in the 11th Round
Brazil >> 5/16/2013 - Petrobras announces that it acquired the most blocks offered in the 11th Bid Round held by the National Petroleum Agency (ANP). Petrobras bought, whether on its own or in partnerships, 34 of the 289 b...

Gran Announces Successful Acreage Awards in Brazil
Brazil >> 5/16/2013 - Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, announced successful bids on three blocks in the recently completed 2013 Brazil Bid Round administered by...

OGX & MPX Signs an Agreement for 4 Blocks in Round 11
Brazil >> 5/16/2013 - OGX Petroóleo e Gas Participacoes S.A. (“OGX”), the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announces that it has signed an agreement (...

Technip Awarded Contract for Polyethylene Expansion Project in Canada
Canada >> 5/16/2013 - Technip was awarded by NOVA Chemicals Corporation the detail engineering, and procurement services contract for the Polyethylene 1 expansion project located at their Joffre site near Red Deer in Alber...

TOYO Awarded FEED for Polyethylene Plant in USA
United States >> 5/16/2013 - Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) was awarded a contract from Sasol North America, Inc. (Sasol) to provide Front End Engineering Design (FEED) services for a 4...

FCX & PXP Announce Preliminary Results of Merger Election
United States >> 5/16/2013 - Freeport-McMoRan Copper & Gold Inc. and Plains Exploration & Production Company announced the preliminary results of the elections made by PXP stockholders regarding the form of merger consideration t...

Chariot Awards Four Blocks in Barreirinhas Basin
Brazil >> 5/15/2013 - Chariot Oil & Gas Limited is pleased to announce that the Company has, subject to final contract, been successful in its bids for a 100% interest and operatorship in four shallow-water exploration lic...

Geopark Awards Seven New Blocks in Round 11
Brazil >> 5/15/2013 - GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia and Argentina, is pleased to announ...

Geopark Enters SPA for $ 140m in the BCAM-40 Block
Brazil >> 5/15/2013 - Panoro Energy ASA's wholly-owned subsidiary Panoro Energy do Brasil Ltda has on 14 May 2013 entered into a sales and purchase agreement (SPA) to divest its Brazilian subsidiary Rio das Contas to GeoPa...

Ecopetrol Awards Three Blocks in Brazil Bidding Round
Brazil >> 5/15/2013 - Ecopetrol S.A. announces that it submitted the highest bids for three exploratory blocks in the 11th Bidding Round carried out yesterday by the Agencia Nacional do Petroleo, Gas Natural e Biocombustiv...

OGX Acquires 13 Exploration Blocks in 11th Bid Round
Brazil >> 5/15/2013 - OGX Petroleo e Gas Participacoes S.A. (“OGX”), the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announces that it has acquired a working int...

BP Wins 8 Exploration Blocks in Brazil Round 11
Brazil >> 5/15/2013 - BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. BP wi...

Statoil Awarded 6 Licences Offshore Brazil
Brazil >> 5/15/2013 - Statoil was the highest bidder on 6 licences in Brazil's 11th licensing round, the first licencing round in the country since December 2008. With the new licences, Statoil has strengthened its positio...

Clontarf Concludes Agreement on its Peruvian Blocks
Peru >> 5/15/2013 - Clontarf Energy plc announces that it has concluded an agreement on its Peruvian oil and gas exploration Blocks. ...

Statoil Farms into Offshore Exploration Acreage in Australia
Australia >> 5/14/2013 - Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. ...

OGX & Exxon Mobil Win Potiguar Offshore Brazil Blocks
Brazil >> 5/14/2013 - Oil companies OGX and Exxon Mobil Corp won Brazilian deepwater oil and natural gas exploration blocks in a frontier region of Brazil's Potiguar Basin at an auction. ...

Brazil's Petrobras studying offer for Argentine unit
Brazil >> 5/14/2013 - Argentine media reported that Petrobras has agreed to sell 51 percent of the assets of subsidiary Petrobras Argentina SA to Argentina-based Oil Combustibles. La Nacion, Clarin and El Cronista newspape...

Questerre Expands Montney Core Area
Canada >> 5/14/2013 - Questerre Energy Corporation ("Questerre" or the "Company") reported on its financial and operating results for the first quarter of 2013. ...

Amerisur Provides Updates on Platanillo and Fenix
Colombia >> 5/14/2013 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, will hold its Annual General Meeting (AGM) On 14 may 2013 at 9:30 AM. At that meeting Giles Clarke, Chairman, an...

Amerisur Appointed Non-Executive Director
Colombia >> 5/14/2013 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce the proposed appointment of Nigel Luson as Non-Executive Director. ...

Platino Increases Interests in the Coati and Andaquies
Colombia >> 5/14/2013 - Platino Energy Corp. is pleased to provide an update on its operations, including an increase in its working interest in two of its exploration properties. ...

Technip Awarded EPCI Contract in Norway
Norway >> 5/14/2013 - Technip was awarded by Statoil an engineering, procurement, construction and installation lump-sum contract for the Norne field development, located in the Norwegian Sea at a water depth of approximat...

Subsea 7 Awarded $90 Million Contract Offshore Mexico
United States >> 5/14/2013 - Subsea 7 S.A. announced a contract award by Pemex to its Mexican joint venture valued at approximately $90 million. The contract comprises the engineering, fabrication and installation of an 8km pipel...

Rosetta Completes Acquisition of Permian Basin Area
United States >> 5/14/2013 - Rosetta Resources Inc. (Rosetta or the Company) reported the closing of the previously announced acquisition of Permian Basin assets from Comstock Resources, Inc. The transaction was completed with an...

Beach Completes Farm-in with Chevron in Nappamerri Trough
Australia >> 5/13/2013 - All conditions precedent for the transfer to Chevron of initial Beach interests in PEL 218 and ATP 855 have been satisfied. Cash payments by Chevron to Beach relating to the initial farm-in have been ...

Wood Group Kenny Wins FLNG Subsea Project
Australia >> 5/13/2013 - Wood Group Kenny (WGK) has been awarded a multi-million dollar engineering contract for a major new project in Australia. ...

TOYO’s Brazil Affiliate Awarded FPSO Topsides Units
Brazil >> 5/13/2013 - Estaleiros do Brasil Ltda. (EBR), a jointly owned Brazilian company by Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) and SOG - Oleo e Gas S.A. (SOG), a leading engineering...

Pacific Provides Update on Oil Discovery in Bilby-1
Brazil >> 5/13/2013 - Pacific Rubiales Energy Corp. provided an update on the oil discovery in the Bilby-1 exploration well, drilling on block S-M-1166, in the Santos Basin, offshore Brazil. ...

Songa Appoints Bjornar Iversen as New CEO
Norway >> 5/13/2013 - Songa Offshore SE has appointed Bjornar Iversen as new CEO of Songa Offshore SE, effective as of June 1st. Iversen will relocate to Limassol and take up the position only weeks after he joined the com...

DTE Pipeline Announces Bluestone Interconnection
United States >> 5/13/2013 - DTE Pipeline Co. announced it has placed the northern portion of the Bluestone Project which interconnects with Millennium Pipeline in New York into service. ...

Sunoco Commences Binding Open Season for Eaglebine Pipeline
United States >> 5/13/2013 - Sunoco Logistics Partners L.P. announced that Sunoco Pipeline L.P. will commence a binding Open Season for the Eaglebine Express pipeline. The pipeline will provide takeaway capacity for the growing ...

Drilling Success in Birch Project
United States >> 5/13/2013 - Birch Eagle Ford Property, Burleson County Texas (100% of 5000 acres) ...

Aker Awarded Engineering Services Contract in Canada
Canada >> 5/10/2013 - Aker Solutions has received a contract award notification for offshore engineering services to support Husky Energy's activities at the offshore White Rose field in Canada. ...

Ecopetrol Approves Funding for Cartagena Refinery
Colombia >> 5/9/2013 - Ecopetrol S.A. announces that its Board of Directors approved the allocation of an extra US$502 million for the modernization project of its Cartagena Refinery in 2013. ...


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