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Development News

Plan for Johan Sverdrup Phase 2 Approved
Norway >> 5/15/2019 - The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development was formally approved by Norwegian authorities on 15 May. The same day sees the construction st...
Rovuma LNG Development Plan Approved by Mozambique Government
Rovuma LNG Development Plan Approved by Mozambique Government Mozambique >> 5/14/2019 - Mozambique Rovuma Venture said that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs ...
Abengoa Selected for the Development of 2 New Projects for Codelco
Chile >> 5/10/2019 - Abengoa (ABG), the international company that applies innovative technology solutions for sustainability in the infrastructures, energy and water sectors, has been selected by the National Copper Corp...
ADNOC & ExxonMobil Discuss New Opportunities to Progress of US$ 30 B Upper Zakum Expansion
United Arab Emirates >> 5/7/2019 - His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Darren W. Woods, Chairman and CEO of Exxon Mobil Corporation (ExxonMobi...
Exceed Awarded Serica Well Engineering & Well Project Management Contract
United Kingdom >> 5/7/2019 - Exceed has successfully secured a two-year contract to support Serica Energy (UK) Limited with its future well operations. ...
BP Approves Thunder Horse South Expansion Phase 2
United States >> 5/6/2019 - BP has sanctioned development of the Thunder Horse South Expansion Phase 2 project in the deepwater Gulf of Mexico. The project will further boost output at one of the largest oil fields in the Gulf o...
PEDEC Responsible for Developing Iran’s Oilfields
Iran >> 5/3/2019 - The CEO of Petroleum Engineering and Development Company (PEDEC),Touraj Dehghani, in a press conference which was held in sidelines of the 24th int’l oil show on Friday (3May) commenting on PEDEC’s pe...
Determination of Farzad Gas Field by Next Three Months
Iran >> 5/3/2019 - The deputy CEO of National Iranian Oil Company (NIOC) for engineering and development affairs announced that Farzad A and B gas field will be determined by the next three months saying that serious ta...
Genel Energy Provides Update on Bina Bawi Development
Iraq >> 4/30/2019 - Genel Energy has provided an update on the Bina Bawi licence. As previously announced, the deadline to meet the conditions precedent relating to the Bina Bawi gas lifting agreement (‘GLA’) was extende...
Tatweer Petroleum & Total Sign MOU to Cooperate in Progressing Oil & Gas Exploration Opportunities
Tatweer Petroleum & Total Sign MOU to Cooperate in Progressing Oil & Gas Exploration Opportunities Bahrain >> 4/29/2019 - H.E. Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa, Chairman of Tatweer Petroleum has signed a Memorandum of Understanding (MoU) between Tatweer Petroleum– Bahrain Field Development Company and Tota...
ACG Sanctions $6 billion Azeri Central East Development Project
Azerbaijan >> 4/19/2019 - ? Next stage of development of giant ACG field in Caspian Sea ...
Fluor Completes Module Fabrication for Dongfang Gas Fields
China >> 4/17/2019 - Fluor Corporation (FLR) announced today that its joint venture COOEC-Fluor Heavy Industries Co., Ltd. (COOEC-Fluor) fabrication yard has completed the central and wellhead platforms for CNOOC’s Dongfa...
Gazprom Neft Finishes Developing Its Novy Port-Project Arctic-Oil Logistics Strategy
Russia >> 4/16/2019 - Gazprom Neft’s development of a year-round logistics strategy for shipping and transporting oil from its Novy Port field is now complete — the final stage of the project, which has taken four years to...
BSOG Receives Approval for Field Development Plan for Ana & Doina Gas Fields
Romania >> 4/15/2019 - Black Sea Oil & Gas SRL (“BSOG”) together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas Plus International B.V. (“Gas Plus”) are pleased to announce that, follo...
PetroTal Announces Successful Bretana Development Well
Peru >> 4/10/2019 - PetroTal, the TSX-V and London AIM listed Peruvian oil and gas company, has announced that the BN 95-2-2-2XD oil development well, which commenced drilling operations on February 26, 2019, has reach t...
Zennor Completes Two Finlaggan Production Wells
United Kingdom >> 4/8/2019 - Zennor Petroleum Limited (“Zennor”), through its subsidiary Zennor Pathway Limited, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (block 21/05c and 21/05d, Licence...
Iran & Iraq Reach Agreement to Develop Naft Shahr and Khorramshahr Fields
Iran & Iraq Reach Agreement to Develop Naft Shahr and Khorramshahr Fields Iran >> 4/7/2019 - Iran and Iraq have reached an agreement for joint development of the Naft Shahr and Khorramshahr joint oil fields, Iranian Minister of Petroleum Bijan Zangeneh announced. ...
Karoon Energy Announces Santos Basin Update
Brazil >> 4/5/2019 - Karoon Energy has provided an update on the development plan status for the 100% owned Santos Basin, Brazil Neon (formerly Echidna) and Goia (formerly Kangaroo) oil fields. ...
Lukoil Concludes Contract for Hydrocarbon Exploration & Developmet on Zhenis Block
Russia >> 4/3/2019 - PJSC LUKOIL (LUKOIL), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (KazMunayGas) have concluded a contract for the exploration and development of hydrocarbons on the Zhe...
Lukoil Continues to Develop Infrastructure of Caspian Fields
Russia >> 4/2/2019 - LUKOIL continues to develop the infrastructure of its fields in the north of the Caspian Sea. Thus, the company has completed construction of the seventh well at production platform number two of Vlad...

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