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Middle East Oil & Gas News

Saudi's SABIC Q4 Net Profit Jumps 48 percent, First Rise in 10 Quarters
Saudi Arabia >> 1/19/2017 - Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported that its quarterly profit rose from a year earlier for the first time in ten quarters. ...
Iraq Offers Nasiriya Refinery for Investment
Iraq >> 1/18/2017 - According to the approval of the minister of oil. The ministry of oil would like to offer the Nasiriya refinery "with a capacity of 300 thousand barrels / day" to be invested according to the form BOO...
Japan Extends UAE Crude Storage Deal through 2019
United Arab Emirates >> 1/18/2017 - Japan has agreed to allow the Abu Dhabi National Oil Co (ADNOC) to store crude oil in the country for two more years, giving the nation's second-largest supplier continued access to a depot through 20...
Leviathan Partners Look to Sell 14.8 bcm of Gas to Israel's Edeltech
Israel >> 1/17/2017 - The partners involved in Israel's giant Leviathan natural gas field said they have entered talks to supply 14.8 billion cubic metres (bcm) of natural gas over 17 years to Edeltech, an Israeli private ...
OPEC Member Countries Economy - December 2016
OPEC Member Countries Economy - December 2016 Saudi Arabia >> 1/17/2017 - The economy of Saudi Arabia expanded 1.4% y-o-y in 2Q16 with the gross value added in the oil sector growing 1.6% y-o-y and in the non-oil sector rising 0.4% y-o-y, according to the Saudi General Auth...
Saudi Aramco to Continue Building Oil, Gas Capacity to Meet Demand
Saudi Arabia >> 1/17/2017 - Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. ...
Saipem Awarded $240M in Drilling Contracts
Saudi Arabia >> 1/17/2017 - Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million. ...
Cape Awarded Insulation Work Packages for Jazan Project
Saudi Arabia >> 1/17/2017 - Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces that Cape RB Hilton has been awarded three substantial insulat...
Iraq is Keen to Succeed the Agreement of OPEC to Cut Production
Iraq >> 1/16/2017 - The work sheet which was presented by Mr. Jabbar A. Allibi the minister of oil during the annual energy forum in Abu-Dhabi, took a considerable attention by the economic entities and the concerned aut...
One-Stop-Shop for New Mining Licenses in Oman
Oman >> 1/16/2017 - Oman’s Public Authority for Mining (PAM) is formulating a new mining exploration and development strategy, underpinned by a Single Window System for the issuance of new licenses, to help unleash the p...
Duqm Authority Signs $265M Finance Agreement with China-based Bank
Oman >> 1/16/2017 - Oman’s Special Economic Zone Authority in Duqm (Sezad) and China-based Asian Infrastructure Investment Bank (AIIB) have signed a $265 million loan agreement for funding the second phase of Duqm Port. ...
Saudi to Launch $30-50 billion Renewable Energy Program Soon
Saudi Arabia >> 1/16/2017 - Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said. ...
Japan's Inpex to Extend Holding in Abu Dhabi Oilfields
United Arab Emirates >> 1/16/2017 - Inpex Corporation (INPEX) has agreed in principle with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu ...
ADNOC Shuts Half Capacity at Ruwais Refinery after Fire
United Arab Emirates >> 1/16/2017 - Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said. ...
Yokogawa Wins Control Systems Order for UAE Power Station
United Arab Emirates >> 1/16/2017 - Yokogawa Electric Corporation announces that its subsidiary Yokogawa Middle East & Africa has received an order from the Sharjah Electricity & Water Authority (SEWA) to provide control systems for the...
Boskalis Receives LOI for $510m Duqm EPC Contract
Oman >> 1/15/2017 - Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Intent to Award a contract for the development of the port of Duqm in Oman. The contract with a value of approximately EUR 480 milli...
Saudi's SAFCO Reports 25% Drop in Profits
Saudi Arabia >> 1/15/2017 - Saudi Arabia Fertilizers Co (SAFCO) beat analyst forecasts but extended its earnings slump, reporting a 25 percent decline in fourth-quarter net profit. ...
Saudi Aramco Extends SNC-Lavalin's GES+ Contract
Saudi Arabia >> 1/12/2017 - SNC-Lavalin Fayez Engineering (SLFE), an engineering consultancy partnership between SNC-Lavalin and Dr. Zuhair Fayez, has been awarded a five-year extension to its existing General Engineering Servic...
Iraq Extinguished of Well No.66 in Kayara Oil Field
Iraq >> 1/11/2017 - Mr. Assim Jihad the spokesman of the ministry of oil declared that the technical & engineering staff of the north oil company (NOC) and the supporting authorities of the civil defense and the military...
Iraq Invites Sonangol Company to Resume Work at Retaken Oil Fields
Iraq >> 1/11/2017 - Mr. Jabbar A. Allibi the minister of oil invited Sonangol Angolan Company to resume their work in developing Kayara & Najma oil fields in Nineveh governorate. ...
Iraq Relations with Turkey Will Be Developed Positively
Iraq >> 1/11/2017 - Mr. Jabbar A. Allibi the minster of oil expected a fast development in the bilateral relations between Iraq and Turkey during the next period in the oil & energy sector. ...
Technology Innovations & Industry Developments Will Be the Focus of ME-TECH 2017
United Arab Emirates >> 1/11/2017 - The 7th edition of ME-TECH – Middle East Technology Forum for Refining & Petrochemicals, which will be held in Dubai this coming February, will have a strong focus on the latest Technology Innovations...
Oryx Petroleum Announces Update on Operations
Iraq >> 1/10/2017 - Oryx Petroleum Corporation Limited announces an update on its operations. In December 2016, the Zey Gawra-1 well was side-tracked (referred to in this press release as the “Zey Gawra-1ST well”) and co...
Iraq Plans Record February Basra Oil Exports Despite OPEC Cut in Force
Iraq >> 1/10/2017 - Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. ...
Plexus Wins Equipment Order for Block 50 Well
Oman >> 1/10/2017 - Scottish firm Plexus Holdings has announced that a new contract will see its innovative oilfield technology used for a second exploration well in Block 50 offshore Oman. ...
Wood Group Secures Multi-million dollar Agreement with Aramco
Wood Group Secures Multi-million dollar Agreement with Aramco Saudi Arabia >> 1/10/2017 - Wood Group has secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services to Saudi Aramco’s onshore capital programmes in the King...
Dragon Oil Company Appoints New CEO
United Arab Emirates >> 1/10/2017 - The board of Dragon Oil, a subsidiary of Dubai government owned by the ENOC Group, has appointed Saif Humaid Al Falasi as the new Chief Executive Officer with immediate effect. Al Falasi takes over fr...
Iraq Exports 22.724 Cubic Meters of C5 Condensed Gas
Iraq >> 1/9/2017 - The ministry of oil declared for the exportation of the first shipment "and the 14th one" of the condensed gas for 2017 by the Basra Gas Company through Um-Qasr Port. ...
DNO Makes Cretaceous Oil Discovery at Peshkabir
Iraq >> 1/9/2017 - DNO ASA, the Norwegian oil and gas operator, announced that the Peshkabir-2 well currently drilling in the Kurdistan region of Iraq has discovered oil in the Cretaceous horizon in the southern flank o...
Petrofac Awarded $600M EPC Contract for Salalah LPG Extraction Project
Petrofac Awarded $600M EPC Contract for Salalah LPG Extraction Project Oman >> 1/9/2017 - Petrofac has signed a contract worth close to US$600 million with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman Oil Facilities Development Company LLC (OOFDC), to undertake the enginee...
Rockwell Automation Scales Serialization Solution for Pharmaceutical & Medical Device Manufacturers
United Arab Emirates >> 1/9/2017 - Mandated serialization standards across markets require pharmaceutical and medical device manufacturers to adopt specified standards to track and trace products across their supply chains. The newly u...
Polarcus Wins Broadband 3D Project Offshore West Africa
United Arab Emirates >> 1/9/2017 - Polarcus Limited (Polarcus) has received a letter of intent for a broadband 3D marine seismic acquisition project offshore West Africa. The project is due to commence in Q1 2017 and will run for appro...
Offshore Marine Construction Work at Bahrain LNG Terminal
Bahrain >> 1/5/2017 - GS Engineering & Construction (Main Contractor) and its subcontractor (SixConstruct), appointed by Bahrain LNG W.L.L, shall be commencing the offshore Construction works for the Bahrain LNG Import ter...
Saudi Aramco Extends WorleyParsons Contract
Saudi Arabia >> 1/5/2017 - WorleyParsons announces the renewal of the General Engineering Services Plus (GES+) contract with Saudi Aramco for an additional five (5) years with further potential for up to three additional one ye...
Iraq & Iran Discuss the Cooperation in the Oil & Gas Sector
Iraq >> 1/4/2017 - The preliminary meetings has started in Baghdad between the both Iraqi & Iranian ministries of oil to prepare a form of a memorandum of the bilateral cooperation between the two countries in the secto...
Kuwait Petroleum Corp Committed to OPEC Oil Output Cut
Kuwait >> 1/4/2017 - State-owned Kuwait Petroleum Corp (KPC) said it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November, Kuwait's state news a...
Lebanon OKs Oil Decrees to Start Stalled Tender Process
Lebanon >> 1/4/2017 - Lebanon's new government passed two decrees concerning oil and gas exploration blocks, meaning a tender process for offshore reserves, stalled since 2013, can begin. ...
McDermott Awarded Offshore EPCI Contract from Saudi Aramco
Saudi Arabia >> 1/4/2017 - McDermott International, Inc. was awarded a contract from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offsho...
The Amooriya Shipwreck was Removed away from the Exportation Ports
Iraq >> 1/3/2017 - The ministry of oil said that the workers of the South Oil Company (SOC) removed the shipwreck of Amooriya tanker ship from the bottom of the sea away from the southern exportation ports. ...
Total Exported Quantities of the Liquefied Gas & Condensed Gas during 2016
Iraq >> 1/3/2017 - The ministry of oil declared the total exported quantities of the C5 condensed gas and the surplus liquefied gas during the last year. Mr. Assim Jihad the spokesman of the ministry said that the expor...

Africa Oil & Gas News

Rig Contractor to Fund Drilling Costs for Multi-Well Program
Gabon >> 1/19/2017 - Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal o...
Proposed Acquisition of OGIF's Interests in Eastern Morocco
Morocco >> 1/19/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce the signature, following the successful extended well test, of non-binding heads of agreement for the acquis...
Successful TE-7 Extended Well Test
Morocco >> 1/19/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to confirm a successful extended well test at TE-7, the Company's second well at the Tendrara licence (onshore Morocco)....
North Africa’s Oil & Gas Industry Leaders Set to Converge at Oran, Algeria for NAPEC 2017
Algeria >> 1/18/2017 - Oil and gas industry leaders from across the world are set to converge on Oran, Algeria, for the 7th North Africa Petroleum Exhibition & Conferences (NAPEC) to be held from 21-24 March, 2017. The regi...
Angola's LNG Plant Launches Tender to Sell Late Jan Shipment
Angola >> 1/18/2017 - Angola's liquefied natural gas (LNG) export plant has launched a tender to sell one shipment loading on Jan. 21-23, trade sources said. A cargo put up for sale by Angola LNG which loaded last week was...
Tullow Oil Announces Erut-1 Oil Discovery in Kenya
Kenya >> 1/17/2017 - Tullow Oil plc (Tullow) is pleased to announce that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metre...
UKEF Supports GE Oil & Gas Contract with $400 Million
Ghana >> 1/16/2017 - UK Export Finance (UKEF) has announced that it will provide US$400 million in support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points Project. ...
Libya's oil production up to 750,000 bpd
Libya >> 1/14/2017 - Libya's oil production is up to 750,000 barrels per day (bpd), the deputy leader of the U.N.-backed government said on Friday, a rise of about 50,000 bpd from last week. A two-year blockade on pipelin...
Nigeria's NNPC Partners with Schlumberger for Exploration
Nigeria >> 1/13/2017 - Nigeria's state oil company said it will partner with oilfield services company Schlumberger in exploration and reservoir management. The partnership aims to find commercial hydrocarbon deposits in th...
Shell Oil Workers in Gabon Begin 'Unlimited' Strike
Gabon >> 1/12/2017 - Royal Dutch Shell workers in Gabon began an "unlimited" strike on Thursday at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees...
Iraq to Provide Egypt with First Petroleum Shipment in Days
Iraq to Provide Egypt with First Petroleum Shipment in Days Egypt >> 1/11/2017 - Iraq's Ambassador to Cairo Habib El-Sadr has said his country to provide Egypt with the first petroleum shipment from Al-Basra Oil Terminal within days, according to a recent agreement signed between ...
Statement Regarding Media Speculation
Morocco >> 1/11/2017 - SDX notes the recent media speculation concerning a potential acquisition and material equity fundraising. ...
Oil Workers Go on Strike at Crude Flow Station in Niger Delta
Nigeria >> 1/11/2017 - Nigerian oil workers have gone on strike at the Oleh crude oil flow station in the Niger Delta oil hub because they have not been paid recently, a labour union official said. "The striking workers at ...
Nigeria Oil Union Suspends Three-Day Nationwide Strike after Talks
Nigeria >> 1/11/2017 - A Nigerian oil labor union has suspended a nationwide three-day strike over job losses that hit petrol stations and oil tankers, following talks with the government on Wednesday. The Nigeria Union of ...
Uganda & Tanzania Award Crude Pipeline Design Contract to US Firm
Uganda >> 1/11/2017 - Uganda and Tanzania have awarded a contract for designing a crude oil pipeline running through both east African countries to U.S. based firm Gulf Interstate Engineering, an official document seen by ...
Tlou Receives Request for Proposal for up to 100MW of CBM Power
Botswana >> 1/10/2017 - Tlou Energy Limited, an AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane (CBM) at its Lesedi CBM project, has received...
Africa Economy - December 2016
Africa Economy - December 2016 Egypt >> 1/10/2017 - The economy of Egypt grew by a robust pace in 2Q16. GDP expanded 4.5% y-o-y in 2Q16, following the 3.7% expansion in the previous quarter. While reported growth in the private sector slowed from 5.0% ...
Gabon Reshuffles Cabinet, Replaces Oil Minister
Gabon >> 1/10/2017 - OPEC-member Gabon has replaced three ministers, including the oil minister, the government said in a statement. ...
Africa's First Grid-connected Biogas Plant Powers Up
Kenya >> 1/10/2017 - A commercial farm in Kenya has become Africa’s first electricity producer powered by biogas to sell surplus electricity to the national grid, cutting the carbon emissions associated with oil-powered g...
Approval of the Farm-Out Agreement with Eni in Rabat Deep Offshore
Morocco >> 1/9/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, reports that the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) L...
Nigerian Oil Union Threatens Three-day Strike at Exxon Mobil, Chevron
Nigeria >> 1/9/2017 - A Nigerian oil labor union will stage a three-day strike at Chevron and Exxon Mobil fuel depots from Wednesday in a protest over sackings if talks with the government fail, union officials said. The N...
Aminex Provides Update on Ntorya-2 Well in Ruvuma Basin
Tanzania >> 1/9/2017 - Aminex provides the following update on the Company’s drilling activity in the Ruvuma Basin, Tanzania, where the Ntorya-2 appraisal well was spudded on 21 December 2016, with a planned total depth of ...
Tullow Agrees a Substantial Farm Down to Total for $900 Million
Uganda >> 1/9/2017 - Tullow Oil plc (Tullow) has agreed a substantial farm-down of its assets in Uganda to Total E&P Uganda B.V. (Total). A Sale and Purchase Agreement with an effective date of 1 January 2017 has been sig...
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation Egypt >> 1/6/2017 - Eng. Tarek El Molla Minister of Petroleum and Mineral Resources received Dr. Stelios Nicolaides, Director, Hydrocarbons Service, Ministry of Energy, Commerce, Industry and Tourism. In the presence of ...
Pacific Drilling Wins Drillship Contract Offshore Guinea
Pacific Drilling Wins Drillship Contract Offshore Guinea Guinea >> 1/6/2017 - Hyperdynamics Corporation has accepted a proposal from its drilling contractor, Pacific Drilling, to deploy the Pacific Scirocco drillship in place of the Pacific Bora for Hyperdynamics' upcoming deep...
Nigerian Oil Labour Union Suspends Strike at Total's Fuel Depots
Nigeria >> 1/6/2017 - Nigerian oil labour union Nupeng has suspended a strike at Total's fuel depots after an agreement was reached to end a row over sackings, a union official said. On Thursday, the union said it had orde...
Shell Battles Nigerian Communities in High-stakes London Lawsuit
Nigeria >> 1/6/2017 - A court in London will decide in coming weeks whether Royal Dutch Shell can face trial in the UK over oil spill allegations in Nigeria, a decision some legal experts predict could attract more cases a...
Successful Workover of Avouma 2-H Well Produces 2,700 BOPD Gross
Gabon >> 1/5/2017 - VAALCO Energy, Inc. (VAALCO) announced that the Avouma 2-H well on the Avouma Platform offshore Gabon is back on production after utilizing a hydraulic workover unit to replace a failed Electric Subme...
Libya To Re-Open Last Major Oil Export Terminal
Libya >> 1/5/2017 - Libya is about to re-open the last major oil terminal that has been shut due to factions fighting in a move that would allow it to further increase oil exports, potentially putting pressure on oil pri...
Nigeria Resumes Payments to Former Niger Delta Militants
Nigeria >> 1/5/2017 - Nigeria has resumed payments of cash stipends to former militants agreed under a 2009 amnesty in the country's Niger Delta oil hub, a government official said. The government has been holding talks wi...
Nigerian Union Orders Total Fuel Depot Strike over Sackings
Nigeria >> 1/5/2017 - A Nigerian oil labour union ordered an indefinite strike at Total fuel truck depots across the OPEC member nation on Thursday in protest against sackings. The Nigeria Union of Petroleum and Natural Ga...
Angolan Lawyers Appeal Ruling on President Naming Daughter Oil CEO
Angola >> 1/4/2017 - Angolan lawyers, who argue that President Jose Eduardo dos Santos' billionaire daughter was illegally appointed as the chief executive of the state oil company, have applied for their case to be heard...
Oil Trader Gunvor Suing Cerberus over Failed Chevron Bid
South Africa >> 1/4/2017 - Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid...
Hyperdynamics Signs MSA with Schlumberger Offshore Guinea
Guinea >> 1/3/2017 - Hyperdynamics Corporation announced that SCS Corporation Ltd. (SCS), its wholly owned subsidiary, has signed a Master Service Agreement (MSA) with Schlumberger to provide essential drilling services f...
Morocco Picks Financial & Legal Advisers for LNG Import Plan
Morocco >> 1/3/2017 - Moroccan state-owned power utility ONEE has picked HSBC Middle East Limited as financial adviser for its plan to boost its imports of liquefied natural gas (LNG), ONEE said in a statement. It has also...
NNPC Awards 2017 Crude Oil Term Contracts to 39 Companies
Nigeria >> 1/3/2017 - State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said. The contracts covering about 1.31 million barrels per day (bpd...
BW Offshore Signs Interim Extension Agreement for FPSO Abo
BW Offshore Signs Interim Extension Agreement for FPSO Abo Nigeria >> 1/3/2017 - BW Offshore has signed an interim extension agreement for FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 20 January 2017. The short term extension has been agreed to se...
France Tries EG Leader's Son in Absentia in Corruption Case
Equatorial Guinea >> 1/2/2017 - The son of Equatorial Guinea's president was put on trial in his absence in France, accused of buying palatial Parisian properties and exotic cars with money plundered from his native country, a small...
Equatorial Guinea's VP Obiang on Trial in France
Equatorial Guinea >> 1/2/2017 - Equatorial Guinea's flamboyant vice-president has gone trial in absentia in France on charges of corruption after he failed to stop the landmark case. Teodorin Obiang Nguema is accused of buying a man...
Tanzania's President Sacks Head of Power Firm over Tariff Hike
Tanzania >> 1/2/2017 - Tanzanian President John Magufuli sacked the head of the state-run electricity company on Sunday after the firm put up tariffs, a move the president said would stymie his plans to industrialize the ea...

Asia Oil & Gas News

CNOOC Limited Announces its 2017 Business Strategy and Development Plan
China >> 1/19/2017 - CNOOC Limited (CNU) announced its business strategy and development plan for the year 2017. The Company’s net production target for 2017 is in the range of 450 to 460 million barrels of oil equivalent...
Indonesia Overhauls System For Future Oil, Gas Contracts
Indonesia >> 1/19/2017 - Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. ...
SOCAR Selects Axens AlphaButol® Technology for the GPC Project
SOCAR Selects Axens AlphaButol® Technology for the GPC Project Azerbaijan >> 1/18/2017 - Axens confirmed today the signature of an AlphaButol® technology licensing agreement with SOCAR for the production of high purity 1-Butene through ethylene dimerization. The AlphaButol unit of 32,000 ...
NISOC & MAPNA to Expand Industrial Co-op
Iran >> 1/18/2017 - In a joint meeting held in Ahvaz, National Iranian South Oilfields Company and MAPNA Industrial Group stressed strengthening bilateral relations. ...
Russia Launches New Domestic Oil & Gas Pipelines
Russia >> 1/18/2017 - Russia on Wednesday launched a new domestic gas pipeline and two new oil pipelines at a ceremony attended by President Vladimir Putin. ...
Russia's Zapolyarye-Purpe Oil Link To Pump 7.5 MM T In 2017
Russia >> 1/18/2017 - Russia's Zapolyarye-Purpe oil pipeline, which was launched on Wednesday, will pump 7.5 million tonnes of oil in 2017, said Nikolai Tokarev, the head of Russian oil pipeline monopoly Transneft. ...
New Production Capacities at Bovanenkovskoye Field Enter Operation
Russia >> 1/18/2017 - The ceremonial inauguration of new production capacities and the Bovanenkovo – Ukhta 2 gas trunkline took place today at the Bovanenkovskoye field. The event was attended by Alexey Miller, Chairman of...
SOCAR Hosts Czech Delegation
Azerbaijan >> 1/17/2017 - The delegation of Czech Republic headed by Minister of Industry and Trade Jan Mladek visited SOCAR main office and met with SOCAR Vice President for Field Development Yashar Latifov. ...
CNOOC Commences Production at the Enping 23-1 Oil Fields
China >> 1/17/2017 - CNOOC Limited has announced that the Enping 23-1 oil fields have commenced production.The Enping 23-1 oil fields are located in the Pearl River Mouth Basin of the South China Sea with an average water...
Roxi Petroleum Announces BNG Operational Update
Kazakhstan >> 1/17/2017 - Roxi Petroleum, the Central Asian oil and gas company, with a focus on Kazakhstan, has updated the market with news from its BNG Contract Area. ...
Alexey Miller & Igor Dodon Discuss Cooperation in Gas Industry
Russia >> 1/17/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Igor Dodon, President of the Republic of Moldova, took place at the Gazprom headquarters. ...
High Quality of Gazprom’s Corporate Governance Confirmed by Moscow Exchange
Russia >> 1/17/2017 - Gazprom received a certificate from the Moscow Exchange confirming that the Company had fulfilled all quality requirements for corporate governance and was thus qualified to retain its position on the...
Reliance & Sibur JV Plans to Build South Asia’s First Halogenated Butyl Rubber Unit
Russia >> 1/17/2017 - Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between SIBUR and Reliance Industries Limited (RIL), announced plans for setting up South Asia’s first halogenated butyl rubber unit ...
TPL Provides a Corporate Update in Georgia
Georgia >> 1/16/2017 - Tethys Petroleum Limited (TPL) announces a corporate update. ...
South Koreas Iranian Oil Imports Up 8 Times
Iran >> 1/16/2017 - Official figures manifest that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago _ suggesting that the country is getting a stronger position in the...
Lorestan Petchem Plant Operational
Iran >> 1/16/2017 - Lorestan Petrochemical Plant has come on-stream with 90% of its nameplate production capacity, the facility's CEO said. Mohammad Hossein Maghazehei said the plant has produced 137,000 tons of petroche...
Iran Plans to Launch 5 Petchem Projects by March 2017
Iran >> 1/16/2017 - Iran is to launch 5 new petrochemical projects within the remaining two month of the current calendar year to March 20, a senior petrochemical official said. ...
Iran Petchem Industry in Need of $55b Investment in 10 Years
Iran >> 1/16/2017 - Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next...
Iran 9-Month Petchem Output at 37.6mt
Iran >> 1/16/2017 - Iranian petrochemical plants processed 37.6 million tons of petrochemical products in the first 9 months of the current Iranian calendar year which began on March 20. According to the National Petroch...
Gazpromneft-Aero is the First Russian Company to Automate Recordings of Aviation Fuel Supplies
Russia >> 1/16/2017 - Gazpromneft-Aero is the first Russian aviation fuel operator to switch to automated recording of aviation fuel supplies when refueling commercial aircrafts. This will substantially reduce the time req...
The Naphtha Hydrotreatment Installation Start-Up & Commissioning Works Are Underway at TANECO
Russia >> 1/16/2017 - They started start-up and commissioning works at the naphtha hydrotreating installation of the TANECO Complex started. The forecast duration of the program is expected to take 60 days. ...
Iran Reachs Qatar in South Pars Gas Production
Iran >> 1/14/2017 - Mohammad Meshkinfaamannounced the current daily production of South Pars field as 500 million cubic feet meters in the press conferences held on the occasion of the 18th anniversary of the company est...
CNOOC Commences Production at Penglai 19-9
China >> 1/13/2017 - CNOOC Limited has announced that the Penglai 19-9 comprehensive adjustment project has commenced production. ...
Russia's Novatek Says Gas Output Down 2.7% In 2016
Russia >> 1/13/2017 - Russia's No.2 natural gas producer Novatek said its gas output declined by 2.7 percent in 2016, while gas condensate and oil production jumped by almost 37 percent as it commissioned new fields. ...
Russia's Lukoil CEO, His Deputy Sell Shares Worth $16.4 MM
Russia >> 1/13/2017 - Russia's No. 2 oil producer Lukoil said on Friday that its chief executive officer Vagit Alekperov and his deputy Leonid Fedun had sold Lukoil shares worth $16.375 million in total on Jan. 10.
Sakhalin Energy & Gazprom Signed Long-Term LNG Tanker Charter Agreement
Russia >> 1/13/2017 - Sakhalin Energy and Gazprom Marketing & Trading (GMT) signed a 10-year Ob River LNG tanker time-charter agreement. The document was signed by Andrey Okhotkin, Sakhalin Energy Commerce director and by ...
Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
Vietnam >> 1/13/2017 - State energy group PetroVietnam (PVN) signed an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp on Friday to develop the country's biggest gas project for power generation, the state firm ...
TAP Completes First Phase of Access Roads and Bridges Rehabilitation in Albania
Azerbaijan >> 1/12/2017 - At the end of 2016, Trans Adriatic Pipeline (TAP) AG completed the first phase of road infrastructure rehabilitation in Albania, comprising the upgrade of approximately 58km of access roads, construct...
China's CNPC Forecasts Record Oil Demand, Warns On Product Glut
China >> 1/12/2017 - China's crude oil demand will grow by 3.4 percent this year to a record of almost 12 million barrels per day (bpd), the country's top state-owned oil producer forecast on Thursday, as refiners in the ...
Horizon Oil Reports Significant Production Milestone at Beibu Gulf Fields
China >> 1/12/2017 - Horizon Oil has advised that on 10 January 2017 production from the Beibu Gulf fields, offshore China, which came on stream in March 2013, reached a total of 13.9 million barrels of oil. ...
OECD Asia Pacific Oil Demand - December 2016
OECD Asia Pacific Oil Demand - December 2016 Japan >> 1/12/2017 - With data up to October 2016, oil demand in Japan has been determined by falling requirements in the direct use of fuel and crude oil for electricity generation, as a result of increasing substitution...
Results of the TATNEFT’s Reservoir Pressure Maintenance System Development
Russia >> 1/12/2017 - PJSC TATNEFT continues implementation of advanced technologies for reservoir pressure maintenance (RPM) aimed at reducing energy costs and increasing production efficiency. 2016 witnessed adoption of ...
SOCAR’s Statement on Gas Pipeline Accident
Azerbaijan >> 1/11/2017 - Maintenance and repair works started at main gas pipeline. A fire broke out at 1000-mm Sangachal - Gazimammad main gas pipeline, on January 10 at about 20.45 pm. Gas pipeline was localised to extingui...
SOCAR’s Budget Payments for December 2016
Azerbaijan >> 1/11/2017 - SOCAR paid AZN 129 million 56 thousand to the State Budget in December 2016 which is AZN 53 million 736 thousand (171,3%) more than the same period of 2015. For January-December 2016, SOCAR transferre...
India's Petronet LNG Sees Kochi Terminal At 40% Capacity By 2019
India >> 1/11/2017 - India's biggest gas importer Petronet LNG expects its 400 km pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in two years, managing director Prabhat Sin...
Chiyoda Awarded EPCC of Refrigerated Gaseous Tanks Facility Project
Malaysia >> 1/11/2017 - Chiyoda Corporation is pleased to announce that Chiyoda and its subsidiary Chiyoda Malaysia Sdn. Bhd. Have been awarded a contract rom Dialog Plant Services Sdn. for Engineering, Procurement, Construc...
SapuraKencana and Proserv Join Forces in Asia Pacific
Malaysia >> 1/11/2017 - SapuraKencana Petroleum Berhad’s (SKPB) wholly-owned subsidiary, SapuraKencana Technology Sdn Bhd (SK Technology) and Proserv are joining forces to provide enhanced technology services offerings to cl...
PETRONAS Selects LyondellBasell Hostalen ACP PE Technology for 400 KTA Malaysia project
Malaysia >> 1/11/2017 - LyondellBasell (LYB) announced PRPC Polymers Sdn Bhd (PRPC Polymers), a wholly owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), has selected the LyondellBasell Hostalen “Advanced Cascade Pro...
Searcher Commences 3D Seismic Reprocessing in PNG
Papua-New Guinea >> 1/11/2017 - Searcher Seismic has commenced a significant 3D reprocessing project, offshore Papua New Guinea. The project comprises reprocessing existing open-file 3D datasets with a modern broadband de-ghosting a...
Russia's Tuapse Oil Refinery Yet to Restart Main Unit After Fire
Russia >> 1/11/2017 - Russia's Tuapse oil refinery, which is owned by Rosneft, has yet to restart its sole primary processing CDU-12 unit after a pump was damaged by a fire on Wednesday, the energy ministry said. Plant off...

Global Oil & Gas News

Searcher Commences 3D Broadband PSDM Project
Australia >> 1/19/2017 - Searcher Seismic, in conjunction with project partner, CGG, is pleased to announce the PSDM reprocessing of ~1,668 square kilometres of 3D seismic data in the Carnarvon Basin, Western Australia has co...
New Gas Agreement Takes Sole Project to FIF Sales Target
Australia >> 1/18/2017 - Cooper Energy announces the signing of an expansion to its existing gas sales agreement with AGL Energy Limited (AGL) that will increase annual contract quantity from 6.6 petajoules (PJ) to 12 PJ. The...
Empire Oil & Gas Reports Gas Condensate Discovery at Red Gully North-1
Australia >> 1/18/2017 - Perth Basin domestic gas producer Empire Oil & Gas has announced that flow testing of its Red Gully North well has confirmed good flow rates of both condensate and gas, indicating the well has found a...
PGS Adds 40 000 sq. km Europe & Australia MultiClient Coverage from Dolphin Data Library
Australia >> 1/18/2017 - PGS has added approximately 40 000 sq. km of modern, conventional 3D and 6 000 km of 2D seismic data to its MultiClient library for Europe and Australia, following the previously announced joint purch...
Statoil awarding service contracts for two Cat J rigs
Norway >> 1/18/2017 - Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks....
SHI Wins $ 230M Order to Build FSRU
Norway >> 1/18/2017 - SHI has won an order to build a 170,000 mcubic FSRU(Floating Storage and Regasification Unit) for Hoegh LNG in Norway at KRW 270bn(About 230million USD). ...
Statoil Granted Drilling Permit for Well 6507/3-12 in PL 159 B
Norway >> 1/18/2017 - The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6507/3-12, cf. Section 8 of the Resource Management Regulations. Wellbore 6507/3-12 will be drilled ...
Yokogawa Receives EPMS & SCADA Order
United Kingdom >> 1/18/2017 - Yokogawa Electric Corporation announces that its subsidiary, Yokogawa United Kingdom Ltd., has received an order from the British Pipeline Agency Limited (BPA), the UK's leading provider of engineerin...
Deepocean Wins Offshore Windfarm Export Cable Installation Contract
United Kingdom >> 1/18/2017 - DeepOcean announces the award of cable installation and trenching work by Nexans for ScottishPower Renewable’s East Anglia ONE offshore windfarm in the North Sea. Offshore work will be undertaken by 2...
LyondellBasell Announces Planned Leadership Changes
United States >> 1/18/2017 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies today announced a planned executive leadership change. After seven years with LyondellBasell, Kevin Brown, ex...
BNK Petroleum Completes Drilling of Chandler 8-6H Well
United States >> 1/18/2017 - BNK Petroleum Inc. (BKX) is pleased to announce that it has successfully finished drilling the first well of its 2017 drilling program, the Chandler 8-6H well, in the Company's Tishomingo Field, Oklah...
New Zealand Oil & Gas Increases Stake in Cue Energy to 50.1%
Australia >> 1/17/2017 - New Zealand Oil & Gas has secured a 50.01 per cent holding in its subsidiary, ASX-listed Cue Energy Resources. ...
ABB Completes HVDC Link Upgrade in Canada Supporting Transmission of Renewables
Canada >> 1/17/2017 - ABB has completed a major upgrade of the 350 megawatt (MW) Madawaska high-voltage direct current (HVDC) transmission link that connects the grids of Québec and New Brunswick in southeast Canada. The b...
Statoil Announces New Discovery near Norne
Norway >> 1/17/2017 - One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million barrels. “It’s great kicking off the new year with a discovery,” says J...
Statoil Receives Approval for Utgard & Byrding Developments
Norway >> 1/17/2017 - The plan for development and operation for the Utgard and Byrding fields in the North Sea has been approved by the authorities. Utgard is a gas and condensate field on Norwegian and UK continental she...
Norway Awards 56 Production Licences in APA 2016 Licensing Round
Norway >> 1/17/2017 - The Ministry of Petroleum and Energy today offers 29 oil-companies participation in 56 production licenses on the Norwegian Continental Shelf in the Award in Pre-Defined Areas 2016 (APA 2016) licensin...
Statoil Wins 29 New Production Licences on Norwegian Continental Shelf
Norway >> 1/17/2017 - In connection with the Award in Predefined Areas (APA) for 2016 Statoil has been awarded interests in 29 exploration licences on the Norwegian continental shelf (NCS), 16 of these as operator, and 13 ...
Lundin Norway Wins Four Licences in Norwegian Licensing Round
Norway >> 1/17/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded four exploration licence interests in the 2016 Norwegia...
Statoil Introduces Partner in Hywind Scotland
Scotland >> 1/17/2017 - Statoil has agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Masdar. The wind farm offshore Peterhead in Aberdeenshire, Scotland will power ap...
North Atlantic Drilling Awarded Contract for West Phoenix
United Kingdom >> 1/17/2017 - North Atlantic Drilling Ltd has been awarded a one well contract for the semi-submersible West Phoenix for work in the United Kingdom West of Shetland.The contract is in direct continuation with the W...
Amec Foster Wheeler Secures £35m Contract with UK Ministry of Defence
United Kingdom >> 1/17/2017 - Amec Foster Wheeler announces today that it has been awarded a contract to supply the UK Ministry of Defence with research and technology (R&T) services. The work, for the MOD’s Naval Nuclear Propulsi...
Technip Completes Merger with FMC Technologies
Technip Completes Merger with FMC Technologies United States >> 1/17/2017 - TechnipFMC is operating as a unified, combined company following completion of the merger of FMC Technologies and Technip. The merger creates a global leader in oil and gas projects, technologies, sys...
ExxonMobil to Double Permian Basin Resource to 6 Billion Barrels
United States >> 1/17/2017 - Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with...
Quadrant Energy Completes Operations at Successful Phoenix South-2 well
Australia >> 1/16/2017 - Carnarvon Petroleum Limited (Carnarvon) is pleased to inform shareholders that operations at the Phoenix South-2 well have been safely completed and the rig has now left the drilling location. The wel...
YPFB & YPFB Chaco Sign Exploration Contracts for Two Areas
Bolivia >> 1/16/2017 - President Oilfield Fiscales Bolivianos (YPFB), William M. Acha and general manager of YPFB Chaco SA, Oscar Claros Dulon, signed two contracts for oil exploration services and exploitation in the Aguar...
Bolivia & Argentina Sign Exploration Agreement
Bolivia >> 1/16/2017 - President Oilfield Fiscales Bolivianos (YPFB), William M. Acha and president of YPF, Miguel Angel Gutierrez, signed the Oilfield Services Contract for exploration and exploitation of the area Charagua...
Petrobras Awarded DOF Pipe-Lay Vessel Contract
Brazil >> 1/16/2017 - Petrobras has awarded the Brazilian built PLSV, Skandi Vitoria, a contract of 532 days. The contract will commence in January. ...
Subsea 7 Announces Early Contract Termination Offshore Brazil
Brazil >> 1/16/2017 - Subsea 7 S.A. (SUBCY) announced the early termination of the day-rate contract for Subsea 7's Pipelay Support Vessel (PLSV), Seven Mar, working for Petrobras, offshore Brazil, effective 16 January 20...
Platts Launches Middle East LNG Price Marker
United Kingdom >> 1/16/2017 - Commodity pricing agency S&P Global Platts will begin assessing prices for liquefied natural gas (LNG) delivered to the Middle East and Pakistan, reflecting growing imports into a region better known ...
Noble Buys Clayton Williams for $2.7 Billion to Grow in Permian
United States >> 1/16/2017 - Noble Energy Inc. agreed to buy Clayton Williams Energy for $2.7 billion in stock and cash to expand in America’s hottest shale play. ...
Noble Energy to Acquire Clayton Williams Energy
United States >> 1/16/2017 - Noble Energy, Inc. (Noble Energy) and Clayton Williams Energy, Inc. (Clayton Williams Energy) announced that the Boards of Directors of both companies have unanimously approved and the companies have ...
Fugro Nets 5-Year Services Contract with INPEX
Fugro Nets 5-Year Services Contract with INPEX Australia >> 1/13/2017 - Fugro has been awarded a contract from INPEX Operations Australia Pty Ltd (INPEX) for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 kilometre...
Drilling Program in Bolivia in 2017
Bolivia >> 1/13/2017 - Oilfield Fiscales Bolivianos (YPFB) scheduled for this management drilling 18 exploratory wells in the country, the president of the state oil company, William M. Acha said. ...
TechnipFMC Secures Prospectus Approval
TechnipFMC Secures Prospectus Approval France >> 1/13/2017 - Technip S.A. (Technip) and FMC Technologies, Inc. (FTI) announce that TechnipFMC plc (TechnipFMC) secured visa no. 2017-015 from the French stock market regulator (Autorite des Marches Financiers, “AM...
LGO Provides Update on Production Operations at Ayoluengo Field
Spain >> 1/13/2017 - LGO provides an update on its Spanish oil production operations at the Ayoluengo Oilfield in the 100% held La Lora Concession (Concession) in northern Spain, which are operated by its wholly owned sub...
OMV Closed the Divestment of OMV (U.K.) Limited
United Kingdom >> 1/13/2017 - OMV, the international integrated oil and gas company based in Vienna, closed the sale of 100% of the shares in its wholly owned subsidiary OMV (U.K.) Limited to Siccar Point Energy Limited, Aberdeen,...
Centrica Sells its Remaining Wind Farm Joint Venture
United Kingdom >> 1/13/2017 - Centrica has agreed to sell its 50% interest in the Lincs wind farm (Lincs) to the UK Green Investment Bank Financial Services managed entities and the UK Green Investment Bank plc. Siemens Project Ve...
ConocoPhillips Announces Willow Discovery in National Petroleum Reserve
United Kingdom >> 1/13/2017 - ConocoPhillips Alaska Inc. announced a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the northeast portion of the National Petroleum Reserve – Alaska (NPRA). The Willow discovery...
LyondellBasell Donation to Provide Specialized Training for Six Houston-Area Fire Departments
United States >> 1/13/2017 - LyondellBasell (LYB), one of the world's largest plastics, chemical and refining companies, announced a donation of $100,000 to fund specialized emergency training for six Houston-area fire department...
ExxonMobil Announces New Oil Discoveries Offshore Guyana
Guyana >> 1/12/2017 - ExxonMobil announced positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well ta...

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