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National Oil Companies News and Press Releases

Qatar Petroleum to Manage & Operate ISND Offshore Field Next Year
Qatar Petroleum announced that it will manage and operate the Idd El-Shargi North Dome (ISND) field following the expiry of the Development & Production Sharing Agreement (DPSA) with Occidental Petrol...
10/14/2018 - Development - Qatar
Sirte Oil Company Resumes Gas Field Development Drilling
Sirte Oil Company (SOC), responsible for the exploration and production of oil and gas, has resumed development drilling activity in the Sahl field at well No. O23-6, following a four-year hiatus as a...
10/13/2018 - Development - Libya
NOC Chairman & UAE Minister of State Discuss Cooperation on Libya
National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Compan...
10/11/2018 - Oil & Gas Companies - Libya
ADNOC and BHGE Form a Strategic Partnership
Abu Dhabi National Oil Company (ADNOC or the Group) and Baker Hughes, a GE company signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidia...
10/8/2018 - Drilling - United Arab Emirates
India Buys 75% Less US Oil, Purchase More Iranian Crude
India’s purchases of US crude oil have fallen by 75 percent over the past four months as the subcontinent stocks up on Iranian crude, Reuters has reported. ...
10/6/2018 - Crude Oil - Iran
Qatar Petroleum Concludes Two 5Y Naphtha Sale Agreements with Japan
Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded two 5-year sales agreement to supply Japan’s Marubeni Corporation an annual tota...
10/3/2018 - Natural Gas - Qatar
Al-Kaabi: Japan is Very Important Customer of Qatari LNG
Qatar Petroleum President & CEO Mr. Saad Sherida Al-Kaabi began a short working visit to Japan, and talks with senior executives of major Japanese companies on enhancing relations and cooperation in t...
10/2/2018 - LNG Processing - Japan
SOCAR & China’s BGP Establish JV on Seismic Exploration
SOCAR and BGP Inc., a subsidiary of China National Petroleum Corporation (CNPC) have signed a Foundation Agreement on the establishment of a joint venture.Rovnag Abdullayev, President of SOCAR, Khoshb...
10/2/2018 - Mergers and Acquisitions - Azerbaijan
Al-Kaabi Discusses Energy Cooperation in Korea
Qatar Petroleum President & CEO Saad Sherida Al-Kaabi ended a one-day visit to the Republic of Korea and discussions on enhancing relations and cooperation with senior executives of major Korean compa...
10/1/2018 - LNG Processing - South Korea
Gazprom Neft Develops Digital Tools with Unique Algorithms for Estimating Field Costs
Gazprom Neft has developed digital products for estimating capital and operational costs (CAPEX and OPEX) in conceptual engineering and field management. Thanks to unique digital programmes the exacti...
10/1/2018 - Oil Field Services - Russia
Aramco & China University of Petroleum Ink Deal to Further Strategic Collaboration
Saudi Aramco recently signed a Memorandum of Understanding (MoU) with China University of Petroleum in Beijing (CUPB) to enhance their partnership and closer collaboration. The MoU is intended to expl...
9/30/2018 - Training & Education - Saudi Arabia
Qatar Petroleum CEO Holds Cooperation Talks in Islamabad with Prime Minister Khan
Qatar Petroleum President and CEO Saad Sherida Al-Kaabi held talks in Islamabad with H.E. Mr. Imran Khan, the Prime Minister of the Islamic Republic of Pakistan, on cooperation in the field of energy....
9/29/2018 - Investment - Pakistan
Qatar Petroleum Increases LNG Production to 110 Million Tons Annually
Qatar Petroleum announced its decision to increase the capacity of Qatar’s LNG expansion project, which was announced last year, by adding a fourth liquefaction train. When the project is completed, Q...
9/26/2018 - LNG Processing - Qatar
ADNOC Awards $860M EPC Contract for Phase 2 of Integrated Gas Development Expansion Project
ADNOC LNG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), signed, the Engineering, Procurement and Construction (EPC) contract for the second phase of the Integrated Gas Development Expan...
9/26/2018 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Iran will Veto any OPEC Decision Jeopardizing Its Interests
Iranian minister of petroleum has warned fellow OPEC members against any effort to appease the US, saying Tehran will veto any decision by the Organization of Petroleum Exporting Countries that harms ...
9/23/2018 - Oil - Iran
Gazprom Neft Builds Innovative Research Centre in Tomsk Oblast
Gazprom Neft has used the occasion of this year’s Tyumen Oil and Gas Forum to conclude an agreement on building a reservoir systems research centre with the Government of the Tomsk Oblast — the signat...
9/19/2018 - Laboratory, Testing Equipment - Russia
Saudi Aramco to Spend over $133b on Drilling over Next Decade
State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday. ...
9/17/2018 - Investment - Saudi Arabia
MoU with Schneider Electric Focuses on 4th Industrial Revolution Solutions
Saudi Aramco and Schneider Electric Saudi Arabia have signed a Memorandum of Understanding (MoU) regarding the Fourth Industrial Revolution. ...
9/13/2018 - Engineering - Saudi Arabia
Sonatrach Group 2030 Strategy
Sonatrach is really accelerating in the last third of 2018 with the organization of information days on "investment opportunities for Algerian companies", which were held from 9 to 10 September at the...
9/13/2018 - Oil & Gas Companies - Algeria
An Oil Reservoir Discovered at Zapadno-Messoyakhskoye Field
An oil and gas reservoir with reserves in place estimated at 85 million tonnes, and recoverable oil reserves of 26 million tonnes — equivalent to the size of an independent freestanding hydrocarbon fi...
9/13/2018 - Reservoir Engineering & Recovery Methods - Russia
FEFU will Conduct R&D Works for Rosneft to Define Ice Strength Properties
Rosneft and Far Eastern Federal University (FEFU) signed R&D contract in the framework of the IV East Economic Forum to define ice strength properties for designing of marine hydro technical facilitie...
9/12/2018 - Process Technology Licensing - Russia
Qatar Petroleum Signs 3Y Naphtha Feedstock Sale Agreement with India
Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 3-year sale agreement to supply India’s Haldia Petrochemicals Ltd. (HPL) in We...
9/12/2018 - Natural Gas - Qatar
Gazprom Neft & CNPC Join Forces to Develop Enhanced Oil Recovery Technologies
Gazprom Neft and China National Petroleum Corporation (CNPC) have entered into a technical partnership at the Eastern Economic Forum. The document was signed by Alexander Dyukov, Chairman of Gazprom N...
9/12/2018 - Enhanced Oil Recovery - Russia
Rosneft & Roskosmos Agree on Supplying Rocket Fuel
Rosneft and Roskosmos in the framework of the IV Eastern Economic Forum signed the agreement on supplying napthtyl rocket fuel for the needs of Roskosmos. ...
9/12/2018 - Fuel oil - Russia
Rosneft & CNPC Agree on Wider Cooperation in Exploration and Production
Rosneft and the Chinese National Oil and Gas Corporation (CNPC) signed the Agreement on Cooperation in Exploration and Production in the Russian Federation in the framework of the IV Eastern Economic ...
9/12/2018 - Exploration - Russia
RN-Bunker & Russian Fishery Company Signed a Long Term Contract for Marine Fuel Supply
RN-Bunker (a Rosneft subsidiary) and Russian Fishery Company in the framework of the IV Eastern Economic Forum signed a marine fuel supply contract for five years on formula pricing terms. ...
9/12/2018 - Fuel oil - Russia
Rosneft & Beijing Gas Plan Joint Development of Gas-Filling Station Chain in Russia
Rosneft and Beijing Gas Group Company Limited (hereinafter referred to as Beijing Gas) in the framework of the IV Eastern economic forum signed an Agreement embodying the basic terms of the joint vent...
9/12/2018 - Natural Gas - Russia
Rosneft & Equinor Join Efforts in the Area of Process and Sire Safety
Rosneft and Equinor, at the IV Eastern Economic Forum, signed the Agreement for cooperation in the area of process and fire safety, occupational safety and health and environmental protection, as well...
9/12/2018 - Safety Services - Russia
Shipbuilding Complex Zvezda & Samsung to Establish JV for Building of Shuttle Tankers
LLC Shipbuilding Complex Zvezda and Samsung Heavy Industries Co. Ltd. (the Republic of Korea) signed an agreement in the framework of the IV Eastern Economic Forum setting the conditions for establish...
9/11/2018 - Mergers and Acquisitions - Russia
Rosneft, VEB Leasing & Sovkomflot Signed Agreements for Construction of 2 Aframax Tankers
Rosneft Oil Company, Zvezda Shipbuilding Complex, Arctic Leasing LLC (a VEB Group Company) and SKF ECO LLC (a Sovkomflot Group Company) in the framework of the Eastern Economic Forum signed a number ...
9/11/2018 - Vessels, Tanks - Russia
Aramco Awards China Harbour Engineering Arabia a Contract to Construct 2 Drilling Islands
Saudi Aramco has awarded a contract to China Harbour Engineering Arabia for the construction of two drilling islands under the company’sBerri Increment Program (BIP). ...
9/11/2018 - Drilling - Saudi Arabia
Reserves at Gazprom Neft’s Neptune Field Reach 415 Million Tonnes
The Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft’s Neptune field, located offshore from Sakhalin Island in the Sea of Okhotsk, at 415.8 million tonnes of oil...
9/11/2018 - Reservoir Engineering & Recovery Methods - Russia
Gazprom Neft & Mitsubishi to Assess Opportunities for Cooperating in Developing Sakhalin Fields
The companies have agreed to investigate potentially combining their competencies and know-how in implementing high-tech upstream projects in the Sea of Okhotsk. ...
9/11/2018 - Development - Russia
Gazprom Neft Develops Its Partnership with the Primorsky Krai
Gazprom Neft and the Administration of the Primorsky Krai have concluded an Agreement at this year’s Eastern Economic Forum, providing for cooperation in the import substitution of lubricants and serv...
9/11/2018 - Lubricants, Oils & Greases - Russia
Gazprom Neft, Mubadala Petroleum & RDIF to Jointly Develop Oil Fields
Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint ...
9/7/2018 - Mergers and Acquisitions - Russia
NISOC Signs $1.2 Billion Gas Deals with PGPIC, Maroon Petchem Co.
The National Iranian South Oil Company (NISOC) signed two contracts, totally valued at $1.2 billion, with the Persian Gulf Petrochemical Industries Company (PGPIC) and Maroon Petrochemical Company for...
9/4/2018 - Petrochemicals - Iran
Adnoc Commissions Specialised Coker Unit
ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has successfully completed the commissioning of a specialized coker unit, as part of its Carbon Black and Coker Project. With...
9/2/2018 - Heavy Oil - United Arab Emirates
Mayor of Moscow Takes A View On Progress on Moscow Refinery’s Euro+ Facility
As construction of a new high-technology Euro+ combined oil refining unit (CORU) nears completion at the Gazprom Neft Moscow Refinery, Moscow Mayor Sergey Sobyanin has made an inspection of final work...
8/31/2018 - Oil Treating & Refining - Russia
Gazprom Neft Developing Digital Technologies in Fuel Deliveries
Gazprom Neft has introduced a range of digital solutions to ensure safety and quality in transporting motor fuels by road. ...
8/29/2018 - Safety Services - Russia
Aramco Inks Strategic Collaboration with M.V. Lomonosov Moscow State University
Saudi Aramco Upstream Technology Company (SAUTC), a Saudi Aramco company, has signed a memorandum of understanding (MoU) with Russia’s Lomonosov Moscow State University (MSU) to promote cooperation in...
8/29/2018 - Process Technology Licensing - Saudi Arabia
Indonesia Confirms Pertamina CEO as State Firm Pressed to Curb Imports
Indonesia’s government confirmed Nicke Widyawati as the permanent chief executive of Pertamina and picked a new upstream director amid pressure on the state-owned energy firm to curb imports, boost re...
8/29/2018 - Executive Recruiting - Indonesia
Sonatrach CEO in Peru to Discuss Investment & Partnership
Sonatrach CEO , Abdelmoumen Ould Kaddour, begins in Lima (Peru) a working visit to discuss partnership and investment with senior officials of the Peruvian energy sector, we learned from the oil and g...
8/28/2018 - Investment - Algeria
Sales of Gazprom Neft Lubricants Up 20%
Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, increased sales by 20 percent year-on-year in 1H 2018, to 319,000 tonnes — sales of premium lubricants, moreover, comprising a...
8/28/2018 - Lubricants, Oils & Greases - Russia
Sinopec Says Some Refineries Would Be Hit By A Halt In Iran Crude Buying
A senior executive at Sinopec, the country's largest refiner, said that some of its refineries will be negatively affected if it stops importing Iranian crude, in the first public comment by a senior ...
8/27/2018 - Oil Treating & Refining - Iran
Gazprom Neft Launches the Second Process Line At Its GTP At The Badra Field
Gazprom Neft subsidiary Gazprom Neft Badra has commissioned Line B at its 800 million cubic metre gas treatment plant (GTP) at the Badra field, Iraq. ...
8/27/2018 - Gas Treating - Iraq
SOCAR & Germany’s UNIPER Join Together to Increase Energy Efficiency in Azerbaijan
Uniper SE and SOCAR will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan. The two companies signed an agreement to that effect today in Baku du...
8/25/2018 - Mergers and Acquisitions - Azerbaijan
Ultra-Reliable Innovative Equipment Being Introduced at Gazprom Neft
The Gazprom Neft Science and Technology Centre, together with specialists from Gazpromneft-Khantos and various Russian companies have developed a range of engineering and technical solutions to develo...
8/23/2018 - Engineering - Russia
Iran Phase 11 of the South Pars Gas Agreement Terms Unchanged Yet
A senior official at the National Iranian Oil Company (NIOC) said no changes had been made in the terms of Irans multi-billion-dollar agreement with a French energy major Total-led consortium developi...
8/13/2018 - Development - Iran
Petronas Acquires 30% in Senegal’s Rufisque Offshore Profond Block
PETRONAS through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with TOTAL E&P Senegal SAS, a subsidiary of TOTAL, to acquire a 30% participating interest in the Rufisque Offshore ...
8/13/2018 - Acquisitions and Divestitures - Senegal
Aramco, Air Products, and ACWA Power to Form $8B Gasification/Power JV
Saudi Aramco, Air Products, and ACWA Power announced the signing of a Term Sheet to form a Gasification/Power joint venture (JV) located at Jazan Economic City (JEC) in Saudi Arabia. ...
8/12/2018 - Mergers and Acquisitions - Saudi Arabia

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