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Development News

Sakhalin & Sovcomflot signed a Cooperation Development Agreement
Russia >> 9/13/2018 - Sovcomflot and Sakhalin Energy, Sakhalin-2 project operator, have signed an agreement for further development of their cooperation. ...
Cooperation Between Gazprom & CNPC Gradually Evolving
Russia >> 9/12/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place today at the 4th Eastern Economic Forum in...
Gazprom Neft & Mitsubishi to Assess Opportunities for Cooperating in Developing Sakhalin Fields
Russia >> 9/11/2018 - The companies have agreed to investigate potentially combining their competencies and know-how in implementing high-tech upstream projects in the Sea of Okhotsk. ...
Sonoro Energy Enters into Strategic Alliance to Include Budong-Budong PSC
Indonesia >> 9/11/2018 - Sonoro Energy has entered into a Strategic Alliance Memorandum of Understanding with one of Indonesia’s largest companies to develop oil and gas activities in Indonesia as joint partners. ...
Columbus Provides Update on Cory Moruga Block
Trinidad and Tobago >> 9/10/2018 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update about the Steeldrum transaction. ...
South Pars Phase14 Meets 82% Progress
Iran >> 9/9/2018 - Over the past 2 years, the developmental activities in both offshore and onshore facilities moved in right direction so that there has been remarkable progress (82 percent) in constructing the refiner...
Sound Energy Announces Award of Production Concession
Morocco >> 9/6/2018 - Sound Energy, the Morocco focussed upstream gas company, is pleased to announce the award of the production concession relating to the Tendrara gas discovery in Eastern Morocco by the Moroccan Ministr...
Aker Energy to Start Ghana Drilling in October
Ghana >> 8/30/2018 - Norwegian oil firm Aker Energy will delay submitting a plan for development of its block off Ghana until early next year in order to first complete appraisal drilling, expected to start in October, it...
Bass Oil Receives Pertamina Approval for Development wells in Southern Sumatra
Indonesia >> 8/27/2018 - Australian-listed, Indonesian oil producer, Bass Oil has announced that the Company has received formal approval from Indonesia’s State-owned oil and natural gas corporation, Pertamina, for the budget...
Nostra Terra Reports Production Update & Development Plan for its Mitchell County Assets
United States >> 8/22/2018 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, reports a production update and development plan for the Company's Mitchell County as...
Oil Auction from Brazil Transfer-of-rights Area Unlikely in 2018
Brazil >> 8/21/2018 - A Brazilian auction of rights to develop additional oil-producing areas in the country’s so-called transfer-of-rights region is unlikely this year, Brazil’s Deputy Mining and Energy Minister Marcio Fe...
Iraq's Basra Oil, Chevron Agree to Implement MOU to Develop Oil Fields
Iraq >> 8/19/2018 - Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said. ...
Talks Ongoing on Greater Barik Integrated Gas Deal
Oman >> 8/14/2018 - Negotiations centring on the development and monetisation of potentially prolific gas resources discovered in the Greater Barik area onshore Block 6 are ongoing, according to a high-level official of ...
Iran Phase 11 of the South Pars Gas Agreement Terms Unchanged Yet
Iran >> 8/13/2018 - 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...
MAPNA Group Awarded Major Oil Projects
Iran >> 8/8/2018 - The National Iranian South Oil Company (NISOC) has signed a heads of agreement with MAPNA Group for the development of Parsi and Paranj oilfields in the southwestern province of Khuzestan. ...
Eni Announces the Approval of Area 1 Development Plan in Mexico
Mexico >> 8/1/2018 - Eni announces that Mexico’s National Hydrocarbon Commission (Comision Nacional de Hidrocarburos, CNH) approved the Development Plan (PoD) for the discoveries of Amoca, Mizton and Tecoalli, located in ...
Iraq to Take over Development of Mansuriyah Gas Field, Nassirya Oilfield
Iraq >> 7/31/2018 - Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the “delay and failure” of international companies to resume work at the field, the oil ministry said. ...
BP Plans to Invest as Much as $8B in T&T for the Next 10 Years
BP Plans to Invest as Much as $8B in T&T for the Next 10 Years Trinidad and Tobago >> 7/25/2018 - BP Trinidad and Tobago’s long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next 10 years. This was announced by Claire Fitzp...
Declaration of Commerciality of the Entorno de Sapinhoa Area
Brazil >> 7/20/2018 - Petrobras, as the operator, on behalf of the consortium of Entorno de Sapinhoa, reports that it submitted the declarations of commerciality to the National Agency of Petroleum, Natural Gas and Biofuel...
OGTC Launches 'Facility of the Future' Initiative for Oil and Gas Developments
United Kingdom >> 7/18/2018 - The Oil & Gas Technology Centre launches an industry-backed ‘Facility of the Future’ initiative that could halve the cost of developing and operating an oil and gas facility and help unlock more than ...

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