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National Oil Companies News and Press Releases

IBM & SOCAR Announce a Joint Venture
SOCAR and IBM (IBM) announce establishment of a joint venture called Caspian Innovation Center LLC for the purpose of building and operating a competitive analytics and delivery center to provide IT, ...
1/15/2018 - Mergers and Acquisitions - Azerbaijan
NOC & Sonatrach Sign the Joint Reservoir Study for Two Fields
Eng. Mustafa Sanalla, NOC Chairman of the Board, Dr. Abdelmomen Weld Qadour Chairman and General Manager of Sonatrach Company and Mr. John W. Wallace Chairman and CEO of DeGolyer and MacNaughton ...
1/15/2018 - Reservoir Engineering & Recovery Methods - Algeria
Gazpromneft-Aero Introduces Satellite Monitoring of Aircraft Refueling Tankers
Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has become the first of Russia’s aviation refuelling companies to equip itself with approximately 300 transport vehicles, i...
1/12/2018 - Monitoring & Control - Russia
Gazpromneft-Lubricants Signs Cooperation Agreement with Kuwait Petroleum International
Gazpromneft-Lubricants Ltd, operator of the Gazprom Neft lubricants business, has signed an agreement with Kuwait Petroleum International (KPI, part of Kuwait Petroleum Corporation, one of the world’s...
1/10/2018 - Lubricants, Oils & Greases - Russia
ADNOC Awards Two FEED Contracts for Offshore Gas Mega Project
The Abu Dhabi National Oil Company (ADNOC) awarded the two Front End Engineering Design (FEED) contracts for ADNOC’s planned offshore ultra-sour gas mega project, which consists of the Hail, Ghasha an...
1/9/2018 - FEED - United Arab Emirates
Gazprom Neft Drills First Ever Quadruple Multilateral Well
Gazprom Neft subsidiary Gazpromneft-Yamal has completed construction of Russia’s first ever multilateral well with four horizontal cased-hole side tracks, at its Novoportovskoye field. A total 6,756 m...
1/9/2018 - Drilling - Russia
Resuming Operations at the Gas Plant in Abu Attifel Field
The Gas Plant at Abu-Attifel Field returned to work normally on 27 December 2017 after the completion of the maintenance. Thanks to the extraordinary efforts made by the libyan employees and technicia...
12/31/2017 - Natural Gas - Libya
Saudi Aramco Launches International Maritime Industries Joint Venture
Saudi Aramco and its partners; Lamprell Plc, the National Shipping Company of Saudi Arabia (“Bahri”); and Hyundai Heavy Industries Co. Ltd. (HHI), announced the official launch of their International ...
12/30/2017 - Mergers and Acquisitions - Saudi Arabia
NOC Company Is to Conduct Exceptional Activity in 2018
The General Assembly Meeting of the National Oil Wells Drilling and Workover Company was held at NOC HQs chaired by Eng. Mustafa Sanalla Chairman of the General Assembly of the Company and in the pres...
12/28/2017 - Drilling - Libya
Messoyakhaneftegas Secures Syndicated Loan to Develop Northern most Onshore Field
Gazprombank and Sberbank have released credit facilities under the first tranche of a syndicated loan facility for the Messoyakha project, agreed on 22 December 2017. The terms stipulated under the si...
12/28/2017 - Financials and Investment - Russia
Saudi Aramco’s First Autonomous Underwater Vehicle
A new autonomous underwater vehicle (AUV) that can conduct offshore platform debris surveys to identify seabed clearance and potential debris was recently inaugurated by Saudi Aramco. ...
12/27/2017 - Survey & Maps - Saudi Arabia
ADNOC and OCP Sign Long-Term Sulphur Sales Agreement
The Abu Dhabi National Oil Company (ADNOC) and the OCP Group of Morocco (OCP) announced the signing of a long-term sales agreement whereby ADNOC will supply OCP with granulated sulphur. ...
12/27/2017 - Chemicals - United Arab Emirates
Saudi Aramco to Set up Projects in Ras Al-Khair Industrial City
Saudi Aramco signed two agreements with the Royal Commission for Jubail and Yanbu (RCJY) to allocate industrial locations for Saudi Aramco to set up two industrial projects at Ras Al-Khair Industrial ...
12/25/2017 - Rigs - Saudi Arabia
Gazprom Neft Omsk Refinery Completes Construction of a New Railcar Loading Facility
The Gazprom Neft Omsk Refinery has now completed construction of its 1.2 million tonne per year capacity automated railcar oil-products loading facility (AUTN-1), construction of which has been undert...
12/25/2017 - Oil Treating & Refining - Russia
Aramco Awards Haradh and Hawiyah Gas Development Project Contract
Saudi Aramco has awarded a contract to build three Temporary Construction Facilities (TCFs) to AZMEEL Contracting Company as part of the company’s Gas Compression Program in Haradh and Hawiyah.
12/24/2017 - Construction - Saudi Arabia
Bashneft Board of Directors Approved the Terms of Out-of-Court Settlement with Sistema
Rosneft and Bashneft announce that Bashneft Board of Directors approved the terms of the out-of-court settlement with JSFC Sistema and JSC Sistema-Invest. The voluntary settlement was signed by all th...
12/22/2017 - Oil & Gas Companies - Russia
Messoyakhaneftegaz Completes Construction of a Complex Production Well At V-Messoyakhskoye Field
Messoyakhaneftegaz, the Gazprom Neft—Rosneft joint venture, has completed construction of a unique and highly complex production well — a horizontal well with two pilot (“rathole”) and two lateral wel...
12/21/2017 - Drilling - Russia
Rosneft & BP Agree to Jointly Develop Subsoil Resources in YaNAO
Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves...
12/21/2017 - Development - Russia
Sonatrach & PT Pertamina Sign Cooperation Agreement
Sonatrach and the Indonesian company PT Pertamina (Persero) "PERTAMINA", proceeded at the headquarters of Sonatrach to the signing of a cooperation agreement, signed by Mr. Abdelmoumen OULD KADOUR, Pr...
12/21/2017 - Oil & Gas Companies - Algeria
Gazprom Neft Holds First Ever Industry Conference on Developing Russia’s Refining-Catalyst Market
The first ever conference highlighting the development of the domestic catalyst market — “Refining Catalysts in Russia: Forward to the Future” — has been held by Gazprom Neft in St Petersburg, attende...
12/20/2017 - Oil & Gas Companies - Russia
Rosneft has Spudded the First Ultra-Deepwater Exploration Well in
Rosneft has spudded the Maria-1 exploration well offshore in the Black Sea. Forecasted oil in place for Zapadno-Chernomorskaya licence area is estimated to exceed 570 million tons. Drilling prepara...
12/20/2017 - Exploration - Russia
SOCAR Energy Holdings Acquires A1 Petrol Stations in Austria
SOCAR Energy Holdings (SOCAR's Swiss subsidiary) is announcing its entry into the Austrian retail fuel market by taking over petrol station operator A1, as well as mineral oil trading company Pronto O...
12/19/2017 - Oil - Austria
Karanj Development Negotiations to Be Finalized Next Month
Managing director of the National Iranian South Oil Company declared that a contract for the development of the Karanj oil field will be finalised until next month and the contract of Shadegan oil fie...
12/19/2017 - Development - Iran
NPC in Heated Talks with Shell
Iran's National Petrochemical Company (NPC) has entered a new round of talks with Royal Dutch Shell, an NPC official said. ...
12/18/2017 - Investment - Iran
Rosneft Board Agrees Upon Samotlor Development Program
Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field. How...
12/18/2017 - Development - Russia
Rosneft Board of Directors approves 2018-2019 plan of financial and economic activities
Rosneft Board of Directors approved the plan of Company's financial and economic activities for 2018-2019 on an in-person meeting in Sochi. ...
12/18/2017 - Economics/Financial Analysis - Russia
Rosneft Board of Directors Approves “ROSNEFT-2022” Strategy
Rosneft Board of Directors approved the “Rosneft-2022” Strategy aimed to qualitatively change the Company's business by introducing the advanced management approaches and new technologies, increasing...
12/18/2017 - Oil & Gas Companies - Russia
Gazprom Neft Streamlines Seismic Data Analysis Technology
Gazprom Neft is testing cutting-edge seismic data analysis technology for better-quality seismic imaging.* Methodological approaches under development are making it possible to obtain previously unach...
12/18/2017 - Seismic survey - Russia
Igor Sechin Makes Business Trip to Venezuela
During his business trip to Venezuela, Rosneft Chief Executive Officer Igor Sechin was hosted by the President of the Bolivarian Republic of Venezuela Nicolas Maduro. A wide range of issues were discu...
12/17/2017 - Oil & Gas Companies - Russia
Key Oil Players Presented Azadegan Plans
Several leading oil and gas players have submitted the results of their studies over the development of one of its biggest oil prospects – Azadegan oil field. ...
12/17/2017 - Development - Iran
Saudi Aramco Supplied 1 Million Barrels of Crude to Egyptian Refineries
Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of crude oil to Egyptian refineries, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday. ...
12/17/2017 - Oil - Egypt
Aramco Awards Two Drilling Contracts to Schlumberger
Saudi Aramco has awarded Schlumberger two lump sum contracts for drilling rigs and services for oil and gas wells. Under the contracts, Schlumberger Integrated Drilling Services (IDS) will provide dri...
12/16/2017 - Drilling - Saudi Arabia
Iran Needs $4b for Major LNG Project
Iranian Minister of Petroleum Bijan Zangeneh said Iran will need an investment of 4 billion dollars for completion of Iran LNG project. Speaking following a ceremony to sign two memoranda of understan...
12/13/2017 - LNG Processing - Iran
Gazprom Neft Patents Technology for Non-Contact Pipeline Diagnostics
Gazprom Neft has secured six patents for proprietary non-contact pipeline diagnostics technologies — which do not, as yet, have any competition in the global oil industry. ...
12/12/2017 - Oil and Gas Pipeline - Russia
Gazprom Neft Supporting Ntv Project “Oil: From Well To Pump – Myths And Realities”
Gazprom Neft has been supporting TV channel NTV in producing a documentary film “Oil: from Well to Pump — Myths and Realities”, with the company giving the channel’s film crew unprecedented access to ...
12/8/2017 - Exploration - Russia
Petrochina Conducts Major Internal Transfer Of Oil, Gas Blocks
PetroChina has conducted its first major internal transfer of mining rights between subsidiaries to allow those with mature fields to look for oil and gas in under-developed regions, parent company CN...
12/8/2017 - Exploration - China
Bashneft & Rosneft Sue Sistema for Damages
Bashneft and Rosneft, acting for the benefit of Bashneft as its shareholder, filed a lawsuit in Bashkortostan arbitration court seeking 131,639,012,421 rubles in damages from Sistema and Sistema-Inves...
12/8/2017 - Oil & Gas Companies - Russia
Phase I Project of Uzbekistan’s Karakul Gas Field Becomes Operational
On December 4, a ceremony was held in Bukhara, Uzbekistan to celebrate the commissioning of the first phase of Karakul gas fields, a project funded and implemented jointly by CNPC and Uzbekneftegaz. ...
12/7/2017 - Production - Uzbekistan
Petrofac & SOCAR Form Joint Venture
Joint Venture will provide excellent training and educational services based on contemporary programmes to employees working on international energy projects. On 5th December, Petrofac and the Stat...
12/5/2017 - Mergers and Acquisitions - Azerbaijan
Iran Signs Oil Swap Deal with Iraq Soon
Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. ...
12/3/2017 - Oil - Iraq
SOCAR President Receives Deputy Oil Minister of Iran
On November 29, SOCAR President Rovnag Abdullayev held a meeting with Iranian delegation led by Amir Hossein Zamaninia, Deputy Oil Minister for International Affairs. SOCAR President Mr. Abdullayev me...
11/29/2017 - Oil & Gas Companies - Azerbaijan
Rosneft & Pertamina Set Up a JV for the Development of TGRR Project
Rosneft and Indonesian state-owned oil and gas company Pertamina completed the establishment of the joint venture for the development of Tuban grass root refinery and petrochemical complex (TGRR) in T...
11/28/2017 - Mergers and Acquisitions - Indonesia
CNPC Completes Fourth Shaanxi-Beijing Gas Pipeline
China National Petroleum Corp (CNPC) has completed the fourth Shaanxi-Beijing gas pipeline, the Xinhua News Agency reported on Monday, citing officials from the state planner. ...
11/27/2017 - Oil and Gas Pipeline - China
SPC Approves Key Strategic Investments as ADNOC Expands 2030 Strategy
The Supreme Petroleum Council (SPC), presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman ...
11/27/2017 - Investment - United Arab Emirates
Aramco and SABIC Sign MOU for $20 Billion Oil-to-Chemicals Project
Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution o...
11/26/2017 - FEED - Saudi Arabia
ADNOC and Abu Dhabi Ports to Establish Marine Simulation Centre
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Ports are to establish a joint Marine Simulator Centre in Musaffah, Abu Dhabi, to provide a range of maritime training for the UAE’s growing ma...
11/23/2017 - Marine Services - United Arab Emirates
Gazprom Neft, Tatneft & Zarubezhneft Create Consortium to Investigate Carbonate Hydrocarbon Deposits
Gazprom Neft, Tatneft and Zarubezhneft have concluded a Memorandum of Cooperation on the development of the skills and competencies needed for the development of exceptionally challenging projects in ...
11/22/2017 - Mergers and Acquisitions - Russia
Rosneft Commissions New Oil and Gas Production Cluster in Western Siberia
Rosneft started delivery of the first commercial crude oil from newErginsky cluster to Transneft pipeline system. The Erginsky startup complex commissioning ceremony was attended by the the Prime Mini...
11/21/2017 - Production - Russia
Merely UNSC Sanctions Can be Able to Force Total out
Irans petroleum minister has stated that French energy giant Total - that has won a deal to develop a key gas project in the country - can quit only if forced to do so as a result of sanctions by the ...
11/20/2017 - Acquisitions and Divestitures - Iran
Rosneft Expands Cooperation with Motor Oil Hellas
Rosneft, Petrocas Energy (Rosneft's Group subsidiary) and Motor Oil Hellas Corinth Refineries signed a three-lateral agreement about intentions in the crude and oil product supply. The document define...
11/20/2017 - Crude Oil - Russia

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