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Development News

Iran Secures $10 Billion Chinese Funding
Iran >> 9/15/2017 - China’s CITIC Trust signed a 10-billion-dollar deal with five Iranian banks on Thursday to fund development and production projects in Iran, the official website of Central Bank of Iran (CBI) reported...
Statoil Delegation Visits SOCAR
Azerbaijan >> 9/14/2017 - On September 14, SOCAR President Rovnag Abdullayev received Lars Christian Bacher, Statoil's Executive Vice President for Development and Production International. Welcoming the guest, Mr. Rovnag Abdu...
GulfSlope & Texas South Execute LoI for Drilling of GoM Prospects
United States >> 9/13/2017 - GulfSlope Energy, Inc. (GulfSlope) and Texas South Energy, Inc.(Texas South) (collectively, the "Farmors") have jointly executed an exclusive letter of intent (LOI) with a large international oil and ...
Rosneft & Statoil to Move the North-Komsomolskoye Field Development into the Next Phase
Russia >> 9/10/2017 - Rosneft and Statoil, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz, an enterprise that will serve as a basis for ...
Energean Receives Approval to Develop Katakolo Field
Greece >> 9/8/2017 - Energean Oil & Gas (Energean) has received approval for its Field Development Plan (FDP) for the development of the Kataloko field in Western Greece from Hellenic Hydrocarbons Resources Management, th...
LLOG Exploration Commences Buckskin Project in GoM
United States >> 9/7/2017 - LLOG Exploration Company, L.L.C. (LLOG) announced that the Company and all of its working interest partners have taken several key steps to begin execution of the previously-approved Buckskin Project....
Alexey Miller & Alexander Kozlov Discuss Gazprom’s Ongoing Projects in Amur Region
Russia >> 9/6/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alexander Kozlov, Governor of the Amur Region, took place today at the Eastern Economic Forum 2017 in Vladivo...
Aminex Submits Ntorya Development Plan to TPDC for Approval
Tanzania >> 9/6/2017 - Aminex is pleased to announce that a Development Plan for the Ntorya field, located onshore in the Ruvuma Basin, Tanzania has been submitted to the Tanzania Petroleum Development Corporation (TPDC) fo...
Russian Companies Submit Plans to Develop Iran Oil Fields
Iran >> 9/6/2017 - Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. ...
Iran, India Probably Part Ways on Farzad B
Iran >> 9/6/2017 - Iran has started preliminary talks with Russians to develop Farzad B but negotiations also carry on with the Indians who have long coveted the giant gas field, Iranian Oil Ministry stated. ...
FEPCO & Corporation for the Development of the Far East Sign Agreement on Activities in PDA
Russia >> 9/6/2017 - Far Eastern Petrochemical Company and Corporation for the Development of the Far East signed the Agreement on the implementation of activities in the priority development area (PDA) at the III Eastern...
WA Fracking Moratorium to Have No Impact on Waitsia Stage 2 Development
Australia >> 9/6/2017 - AWE Limited (AWE), the Operator of Production Licences L1/L2 in the northern Perth Basin, Western Australia, provides the following information in relation to yesterday’s announcement by the Governmen...
Gassco AS Given Consent for Use of Nyhamna Gas Terminal
Norway >> 9/6/2017 - Petroleum Safety Authority has given Gassco AS consent to use the Nyhamna gas terminal in connection with the company's taking over the operatorship from Shell Norge. The change of operator comes into...
NIOC Engaged in Parallel Talks for Developing Giant Farzad B Gas Field
Iran >> 9/3/2017 - The National Iranian Oil Company (NIOC) is in three parallel discussions with developers for concluding a deal to develop the giant Farzad B gas field project. ...
SP13 Development Plan; Pipeline Operations Finalized in First Line
Iran >> 9/1/2017 - Pipeline operations were finalized in the first line of phase 13, project director announced. Referring to the initiation of pipeline operation with the length of 96 kilometers from June 17,2017, Payy...
Lukoil President Discusses Development of Joint Projects with the Iraqi Oil Minister
Iraq >> 8/31/2017 - Today, Vagit Alekperov, PJSC LUKOIL President and CEO, and Jabbar Ali Hussein Al-Luiabi, the Oil Minister of Iraq, held a meeting in Moscow. The parties discussed the development of the Company's proj...
Lukoil, Pertamina Proposed plans to Develop Mansouri Oil Field Reviewed
Iran >> 8/30/2017 - The Russian Lukoil and Indonesian Pertamina’s proposed plans to develop bangestan reservoir of Mansouri oil field have been reviewed in Supreme Council of Reserves of National Iranian Oil Company. ...
Russian Gazpromneft Submit its Proposed Plan to Develop two Iranian Fields
Iran >> 8/30/2017 - Russian Gazpromneft has submitted its proposed plan to develop the two fields of Changouleh and Cheshmeh Khosh on Monday. ...
Sonangol to Return to Qayara and Najma Oil Fields in Iraq
Iraq >> 8/30/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with Mr. Santos Edison the CEO of Sonangol Angolan company, and his entourage and discussed with him about the bilateral cooperation. ...
Gazprom Working to Develop Power Generation Strategy for 2018–2027
Russia >> 8/30/2017 - The Gazprom Board of Directors took note of the information concerning the development strategy for the Group’s power generating assets. It was noted that the main goals outlined in the Group’s curren...

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