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National Oil Companies News and Press Releases

ADNOC Setting Up New Trading Unit for Crude, Refined Products
Abu Dhabi National Oil Company (ADNOC) was setting up a new trading unit for its crude oil and refined products. The unit will be part of ADNOC’s Marketing, Sales and Trading Directorate, the company ...
4/23/2018 - Oil Treating & Refining - United Arab Emirates
Indonesia Removes Pertamina Chief After Oil Spill, Other Issues
Indonesia's State Owned Enterprise Ministry has removed Pertamina Chief Executive Elia Massa Manik in a management shakeup after a series of problems at the state-owned energy company, including a rec...
4/20/2018 - Oil Spill & Emergency Response - Indonesia
Angola Invites Bids for Two Offshore Oil Blocks
Angola’s state-run oil firm Sonangol is inviting bids for stakes in two offshore oil blocks in Africa’s second-largest crude producer, Sonangol said on Friday. ...
4/20/2018 - Exploration - Angola
Shah Deniz II Gas Sales Contract Transferred to Edison
The Shah Deniz II gas sales contract with Spanish Gas Natural Fenosa was transferred to Italy's leading energy company Edison as part of a greater deal, including the acquisition of a gas grid in Ital...
4/18/2018 - Natural Gas - Azerbaijan
Messoyakhaneftegas Implementing Unique Project in APG Utilization
Glavgosekspertiza Russia has approved plans from Messoyakhaneftegaz, the Gazpromneft—Rosneft joint venture, to build a series of cluster pads for the reinjection of associated petroleum gas (APG) at i...
4/17/2018 - Oil Field Services - Russia
ADNOC to Unveil New Investment Opportunities at Downstream Investment Forum in May 2018
The Abu Dhabi National Oil Company (ADNOC) plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunities...
4/16/2018 - Investment - United Arab Emirates
Drilling, Production & Export Figures for the Q1 of 2018
The Azerbaijan oil and gas production increased by 2.4% and 5.2% respectively in the first three months of the year. Positive dynamics in SOCAR's production was reached as a result of intensified dril...
4/16/2018 - Drilling - Azerbaijan
Gazprom Neft Considers the Long-Term Development of Orenburg Oil Field
The Gazprom Neft Board of Directors has reviewed the long-term outlook for developing its Orenburg oil-production cluster, together with information on synchronising the development of the company’s p...
4/13/2018 - Development - Russia
Gazprom Neft Developing New Exploration Cluster in the Khanti-Mansi Autonomous Okrug-Yugra
Gazprom Neft has been confirmed as the winner of Rosnedra subsoil licensing rounds for six blocks in the Karabashsky exploration zone, located in the Khanty-Mansi Autonomous Okrug. ...
4/12/2018 - Exploration - Russia
Conceptual Oilfield Modelling Information Systems in Development at Gazprom Neft
Gazprom Neft has begun implementation of its EAD:ISKAD (“ERA:ISKRA”) information system, designed to support the selection of optimum integrated solutions in oilfield and field infrastructure developm...
4/11/2018 - Software - Russia
Aramco & RRPCL Sign MoU to Develop $44 Billion Ratnagiri Mega Petrochemicals Complex
President & CEO Amin H. Nasser: “Investing in India is a key part of Saudi Aramco’s global downstream strategy, and another milestone in our growing relationship with India.” ...
4/11/2018 - Oil Treating & Refining - India
ADNOC Mulls Downstream Opportunities Abroad with Aramco
Abu Dhabi National Oil Co (ADNOC) is in talks with several partners, including Saudi Aramco, for possible downstream joint ventures abroad, particularly in Asia, industry sources with knowledge of the...
4/11/2018 - Investment - United Arab Emirates
Aramco Signs $12B Commercial Cooperation with French Companies
Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vis...
4/10/2018 - Investment - Saudi Arabia
Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities
The Abu Dhabi National Oil Company (ADNOC) announced as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round o...
4/10/2018 - Exploration - United Arab Emirates
Rosneft Starts Production & Sales of Euro 6 Gasolines with Improved Environmental Indicators
Rosneft has started industrial production of improved high-octane gasolines (including branded ones) far outstripping currently produced in Russia fuels of Class 5 by environmental indicators and perf...
4/10/2018 - Gasoline (Lead free) - Russia
China's CNPC to Inject Gas into 23 Underground Storage Facilities
China’s top energy firm CNPC started injecting gas into an underground storage facility in southwest Chongqing last Friday, marking the beginning of stockpiling season for the heating fuel over the ne...
4/9/2018 - Natural Gas Storage - China
Russia's Rosneft Interested in Oil and Gas in Iran's Zagros Province
Russia’s largest oil producer Rosneft is interested in oil and gas projects in Iran’s Zagros province, after signing a deal last year to do business in the country, an official document showed on Frid...
4/8/2018 - Exploration - Iran
Gazprom Neft Ships Its 100th Oil Consignment from the Russian Arctic Shelf
Gazprom Neft has completed its 100th consignment of ARCO oil from its Prirazlomnaya ice-resistant stationary platform, located on the Russian Arctic Shelf. This landmark consignment was undertaken by ...
4/6/2018 - Production - Russia
Petrovietnam Says S. China Sea Tension To Hurt Offshore Operations
Tension in the South China Sea will hurt PetroVietnam's offshore exploration and exploitation activities this year, the state-run oil and gas group said on Tuesday, weeks after the Southeast Asian nat...
4/3/2018 - Oil & Gas Companies - China
SOCAR will Launch Oil Refinery in Turkey in 2018
Petkim's net profit grew more than 9 times in the 9 years up to 2017. As a result of the optimization measures taken last year, approximately $50 million was saved. ...
3/30/2018 - Oil Treating & Refining - Turkey
Indonesia's Pertamina to Sign Contract to Operate Mansouri Field in May 2018
Indonesia’s state oil company Pertamina has won a tender to operate Iran’s Mansouri field and it will sign a petroleum contract in early May, its upstream director told reporters on Wednesday. ...
3/28/2018 - Acquisitions and Divestitures - Iran
Petronas & Aramco Announce Formation of Their Two New Joint Ventures in Malaysia
Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, are pleased to announce the formation of two joint ventures for ...
3/28/2018 - Mergers and Acquisitions - Malaysia
Saudi Aramco Announces $10B Partnerships with 14 American Companies
Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vi...
3/27/2018 - Investment - Saudi Arabia
Gazprom Neft Utilizing Neural Networks in Exploratory Drilling
Specialists at Gazprom Neft’s Science and Technology Centre, together with the Moscow Institute of Physics and Technology (MIPT), have developed a self-learning programme allowing the identification o...
3/27/2018 - Drilling - Russia
Better Production Efficiency at Moscow Refinery Delivers a Rub1.3-Billion Financial Benefit
Specialists at the Moscow Refinery implemented 45 initiatives in improving production efficiency throughout 2017, with the cumulative economic benefits thereof reaching RUB1.3 billion. Work has been u...
3/26/2018 - Production - Russia
UAE's ADNOC Awards $3.5B EPC Contracts To Samsung Engineering
On the occasion of the visit to the United Arab Emirates (UAE) of His Excellency Moon Jae-in, President of the Republic of Korea, Abu Dhabi National Oil Company (ADNOC) announced, today, the signing o...
3/26/2018 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Rosneft Completes Drilling of the First Appraisal Well Offshore the Black Sea
Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black Sea. The water depth at the drilling sit...
3/25/2018 - Drilling - Russia
QP Signs Guiding Principles to Reduce Methane Emissions Across Natural Gas Value Chain
Qatar Petroleum signed a set of Guiding Principles on reducing methane emissions across the natural gas value chain stretching from production to the final consumer. ...
3/24/2018 - Emissions Measuring - Qatar
ADNOC Awards PetroChina Stakes in Two Offshore Concessions
PetroChina Company Limited (“PetroChina”) has been awarded stakes in Abu Dhabi’s two offshore oilfield concessions following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC).<...
3/21/2018 - Acquisitions and Divestitures - United Arab Emirates
Gazprom Neft Increases Its Estimate of Recoverable Reserves At Zhagrin Field
Following analysis by the Federal Subsoil Resources Management Agency, recoverable reserves at Gazprom Neft’s Alexander Zhagrin field in the Khanty-Mansi Autonomous Okrug have been increased to 31 mil...
3/20/2018 - Reservoir Engineering & Recovery Methods - Russia
Qatar Petroleum Awards FEED Contract for North Field Expansion Project
Qatar Petroleum has selected Chiyoda Corp of Japan to execute the Front End Engineering and Design (FEED) of the onshore facilities of the North Field Expansion. ...
3/19/2018 - FEED - Qatar
PDO Announces Significant New Gas Find in Oman
Petroleum Development Oman (PDO) has confirmed a 'significant' gas find with estimated recoverable reserves of more than four trillion cubic feet (TcF) and 112 million barrels of condensate in the nor...
3/19/2018 - Exploration - Oman
Vietnam Oil Firm Sells 5% Interest At Offshore Block To Murphy Oil
Vietnam's PetroVietnam Exploration Production Corp., or PVEP, has signed an agreement to sell a 5 percent working interest in an oil block offshore Vietnam to U.S.-based Murphy Oil Corp., the Vietname...
3/16/2018 - Mergers and Acquisitions - Vietnam
Angola Drops Trafigura as Glencore and Total Win Major Fuel Tender
Angolan state oil company Sonangol awarded its rare refined products buy tender to Glencore and Total, Sonangol said on Friday, cutting out long-time supplier Trafigura. ...
3/16/2018 - Petrochemicals - Angola
Gazprom Neft Helps Develop an Environmental Monitoring System in the Omsk Oblast
Gazprom Neft has given the Omsk Oblast a mobile environmental laboratory costing RUB21 million. The new mobile monitoring station is equipped with modern gas analysing systems, urban noise measuring e...
3/14/2018 - Environmental Services - Russia
Petronas Inks Agreement for LNG Supply to Tokyo Gas
PETRONAS through its subsidiary, Malaysia LNG Sdn. Bhd. (MLNG) has signed a Heads of Agreement (HOA) with Tokyo Gas Co. Ltd. to supply liquefied natural gas (LNG) for a period of up to 13 years. ...
3/14/2018 - LNG Processing - Malaysia
Qatar Petroleum Signs Al-Bunduq Oilfield Concession Agreement with UAE
Qatar Petroleum signed a concession agreement with the Abu Dhabi Supreme Petroleum Council (on behalf of the Government of Abu Dhabi), Abu Dhabi National Oil Company (ADNOC), United Petroleum Developm...
3/13/2018 - Development - Qatar
Algeria's Sonatrach to Invest $250m to Boost Output at Tinhert Gas Field
Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field to 20 million cubic metres (mcm) per day by 2020 up from 5 million cubic metres, its CEO said on ...
3/12/2018 - Investment - Algeria
Petronas Plans to Upgrade Kerteh Refinery by 2022
Malaysia's state-owned Petronas plans to upgrade its refinery in Kerteh, Terengganu, by 2022 to produce higher quality fuels and expand the crude types it processes beyond Tapis, a company executive s...
3/9/2018 - Oil Treating & Refining - Malaysia
BP & SOCAR’s Baku Higher Oil School launch
SOCAR’s Baku Higher Oil School and BP launched the “Business education for engineers” course which will be funded by BP in support of education and development of national engineers in Azerbaijan. The...
3/9/2018 - Oil & Gas Companies - Azerbaijan
Saudi Aramco and SABIC Sign Project Management Contract with Wood
In a significant new step towards the successful implementation of Saudi Aramco and SABIC’s fully integrated, strategic crude oil- to-chemicals (COTC) complex in the Kingdom, the partners awarded Wood...
3/8/2018 - Project & Resource Management - Saudi Arabia
Aramco Participates in UK-Saudi CEO Forum and Signs MoUs and Commercial Agreements
Saudi Aramco participated in the UK-Saudi CEO Forum held in London to promote bi-lateral business and cooperation between the two countries. The forum was scheduled to coincide with the official visit...
3/8/2018 - Investment - Saudi Arabia
India's Essar Oil Retail Network Expand 20%
Essar Oil Limited (EOL) owned by the Consortium of International Investors led by Rosneft, since March 2017 to date has expanded the retail network Essar-branded fuel stations by 20% reaching 4,200. ...
3/6/2018 - Oil & Gas Companies - Russia
Sales of Gazprom Neft High-Technology Bitumen Products Up 40% In 2017
Gazpromneft Bitumen Materials’ — operator of the Gazprom Neft bitumens business — sales of high-technology bitumen binders (modified and bitumen-derived products) increased 40 percent in 2017, to 149,...
3/5/2018 - Petrochemicals - Russia
Gazprom Neft Sales of G-Energy Lubricants Up 12% in 2017
Gazpromneft Lubricants, operator of the Gazprom Neft lubricants business, has increased sales of its G-Energy branded lubricants by 12 percent in 2017, reaching 46,000 tonnes. Sales of the company’s p...
3/2/2018 - Lubricants, Oils & Greases - Russia
New CEO Appointed at Gazprom Neft Moscow Refinery
The new CEO at the Gazprom Neft Moscow Refinery has been named as Vitaly Zuber. Arkady Egizarjyan, CEO of the enterprise since 2010, moves to the Gazprom Neft Corporate Headquarters, where he will be ...
3/1/2018 - Executive Recruiting - Russia
PetroChina Is Said to Agree to 2018 Deal to Lift Libya Oil
PetroChina Co. agreed to an annual contract to buy Libyan crude after similar deals by oil majors like Royal Dutch Shell Plc and BP Plc, underscoring a recovery in the North African country’s producti...
3/1/2018 - Oil - Libya
Gazprom Neft Reports Record Financial Performance for 2017
The company achieved record results across a number of financial metrics in 2017. Company revenue including duties (sales) for the 12 months ended 31 December 2017 was in excess of RUB2 trillion, an i...
2/28/2018 - Financials and Investment - Russia
Gazprom Neft Begins Pre-Commissioning Works on the Gas Treatment Unit at Novoportovskoye Field
Gazprom Neft has begun testing and adjustment on start-up facilities of a gas treatment unit, together with the gas injection system, increasing electricity supply from a gas turbine power plant (GTPP...
2/28/2018 - Gas Treating - Russia
SOCAR Polymer Tested Polypropylene Production for the First Time
On February 27, SOCAR Polymer Plant produced the first polypropylene product for demonstration and testing purposes, with the participation of SOCAR President Rovnag Abdullayev and company vice-presid...
2/28/2018 - Petrochemicals - Azerbaijan

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