Development News

Successful Bid for Tilapia II
Congo >> 12/23/2020 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, is delighted to announce that it has received official confirmation fro...
Improving Recovery from Statfjord Øst
Norway >> 12/22/2020 - Equinor and its licence partners have decided to invest NOK 3 billion in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent. Written notification of materia...
Gazprom & LUKOIL Sign Master Agreement to Develop Two Fields
Gazprom & LUKOIL Sign Master Agreement to Develop Two Fields Russia >> 12/21/2020 - Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, signed the Master Agreement on the terms of the development of the Vaneyvisskoye and Layavozhskoy...
Neptune Energy Given Go-Ahead for Gjoa Expansion
Norway >> 12/18/2020 - The authorities have granted consent for start-up of a subsea installation with two new wells on the Gjoa field in the North Sea.

Operator Neptune Energy estimates the project will add 2.4...
Aker BP Decided to Develop Grasel Discovery in 2021
Norway >> 12/18/2020 - Operator Aker BP and the Skarv partners (Equinor, Wintershall Dea and PGNiG) have decided to develop the Grasel discovery in 2021. The partners approved the final investment decision (DG3) for the ...
The Algerian Minister of Energy & CEO of Sonatrach Meet the CEO of Eni
Algeria >> 12/10/2020 - The Algerian Minister of Energy, Abdelmadjid Attar, met the Chief Executive Officer of Eni, Claudio Descalzi, in Algiers to take stock of the company’s activities in the country, future projects and t...
Down hole Pumps Enhancing North Yaran Oil Output
Iran >> 12/9/2020 - The head of North Yaran Oil Field Development Project said announced installation of the fifth downhole pump in the field, and said considering that five more such pumps will be installed in the field...
Equinor Receives Consent for Life Extension for Veslefrikk
Norway >> 12/8/2020 - The PSA has given Equinor Energy (Equinor) consent for life extensions for Veslefrikk. The consent applies to the operation of Veslefrikk until 21 December 2022.

Veslefrikk
Veslefrikk...
Ministry Approves Development Plan for the Hod Field
Norway >> 12/8/2020 - The Norwegian Ministry of Petroleum and Energy has approved the Plan for development and operation (PDO) for Hod in the North Sea.

The approved PDO for the HOD development was personally ha...
NOC & Libyan Investment Authority Discuss Ways to Develop Cooperation
Libya >> 12/6/2020 - As part of the efforts of the National Oil Corporation ( NOC ) through coordination and cooperation with the Libyan Investment Authority ( LIA ), to develop and support ways of joint cooperation with ...
Jadestone Announces Trading and Operations Update
Vietnam >> 12/4/2020 - Jadestone Energy Inc. (SE) (“Jadestone”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to provide a trading and operations update.

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TransGlobe Reached an Agreement to Merge Eastern Desert Concessions
TransGlobe Reached an Agreement to Merge Eastern Desert Concessions Egypt >> 12/3/2020 - TransGlobe Energy Corporation (“TransGlobe”) announces it has reached an agreement with the Egyptian General Petroleum Corporation (“EGPC”) to merge the Company’s three existing Eastern Desert concess...
Tatneft Will Continue Working at the Goturdepe Field in Turkmenistan
Turkmenistan >> 12/3/2020 - TATNEFT Company and the State Concern of Turkmenistan "Turkmennebit" signed a supplementary agreement to continue work at the Goturdepe field.

The new document was sig...
Meeting between the National Oil Corporation and TOTAL
Libya >> 12/2/2020 - Chairman of the Board of Directors, Eng. Mustafa Sanalla, received on Tuesday 1 December 2020 Mr. Stephane Michel, TotL Director of Exploration and Production for Middle East,Manx North Africa, and hi...
Gazprom Neft & Shell to Develop Hydrocarbon Cluster on Gydan Peninsula
Russia >> 12/2/2020 - Gazprom Neft and Shell have closed a transaction to establish a joint venture to study and develop the onshore Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula. The partners have a...
Carnarvon Petroleum Provides Dorado & Bedout Sub-basin Update
Australia >> 12/1/2020 - Carnarvon Petroleum has advised that its partner in the Dorado field development and Bedout sub-basin exploration permits has provided the ASX with an update on the project. The material is available ...
Medco Energi Announces 2020 Nine-Month Results
Indonesia >> 11/30/2020 - PT Medco Energi Internasional Tbk1 announces its 2020 nine-month financial results (“9M 2020”).

Roberto Lorato, CEO said “Cl...
Angus Energy Signs MoU on Saltfleetby Finance Facility
United Kingdom >> 11/30/2020 - Angus Energy plc (ANGS) is pleased to announce, further to the RNS of 23 September 2020, that, together with its partner, Saltfleetby Energy Limited ("SEL"), it has entered into a Memorandum of Unders...
Union Jack Provides Wressle Development Update
United Kingdom >> 11/26/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company are pleased to announce an update on the development of the Wressle oil field (“Wressle”) and detai...
Santos Welcomes Federal Signoff on Narrabri Gas Project
Australia >> 11/24/2020 - Santos welcomes Federal Environment Minister Sussan Ley’s approval of the Narrabri Gas Project and will now embark on a 12-18 month appraisal program ahead of a Final Investment Decision (FID) for the...

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