Development News

Daqing Oilfield Injects New Development Momentum
China >> 10/19/2023 - Daqing Oilfield has operated projects in 14 countries along the “One Belt and One Road” this year. It relies on services and trade to expand the market in parallel, forming oil field development, engi...
OPEC Roundtable Explores Africa’s Development Needs at AEW 2023
South Africa >> 10/18/2023 - Day 2 of AEW 2023 featured an OPEC roundtable uniting African explorers and producers to discuss current market conditions and future expectations in the continent.

Opening remarks by the O...
Gazprom Advocates for Natural Gas as a Catalyst for African Development at AEW 2023
South Africa >> 10/17/2023 - Gazprom and the African Energy Chamber had a conversation about the role natural can play in Africa gas at African Energy Week 2023 conference in Cape Town.

Representing both a low-carbon a...
Nigeria’s Former President Olusegun Obasanjo Leads Discussions on Regional Stability at AEW 2023
Nigeria >> 10/17/2023 - H.E. Olusegum Obasanjo, Former President of the Federal Republic of Nigeria, spoke during a strategic session on the first day of AEW 2023, leading discussions on diplomacy, regional stability, and su...
Afreximbank, Torxen Sign $75 Million Development Agreement for PPL 241, Offshore Nigeria
Nigeria >> 10/17/2023 - Afreximbank and Torxen Energy Resources have signed a $75 million development agreement at this year’s edition of AEW 2023 for PPL 241, offshore Nigeria.

Pan-African supranational multilate...
Iraq Announces the Activation of Three Contracts with the UAE’s Crescent to Develop Three Gas Fields
Iraq >> 10/15/2023 - The Deputy Prime Minister for Energy Affairs and Minister of Oil announced the importance of activating three contracts with the Emirati company Al Hilal within the fifth licensing round for gas inves...
Trio Petroleum Corp LD Micro Presentation Replay Now Available
United States >> 10/12/2023 - Trio Petroleum Corp (NYSE American: TPET) (“ Trio ” or the “ Company ”), a California-based oil and gas company, announced that a replay of its October 3rd presentation and Q&A session at the LD Micro...
Iraqi Drilling Company Completes the Reclamation of Two Oil Wells in Kirkuk
Iraq >> 10/10/2023 - The technical and engineering personnel of the Iraqi Drilling Company completed the reclamation of two oil wells in the Khabbaz and Jambur oil fields. The Khabbaz/43 well was reclaimed using the IDC 2...
BLM Seeks Public Comment for Oil & Gas Lease Sale in Mississippi
United States >> 10/6/2023 - The Bureau of Land Management Eastern States State Office opened a 30-day public scoping period to receive public input on three oil and gas parcels totaling 90.86 acres that may be included in a Marc...
Ready for Tommeliten a Start-up
Norway >> 10/5/2023 - The authorities have granted consent for start-up of the Tommeliten A field in the North Sea. Operator Conoco Phillips estimates that around 24 million standard cubic metres (150 million barrels) of o...
Westwood Insight – Rosebank Development Finally Sanctioned
Norway >> 9/29/2023 - Equinor and partner Ithaca Energy have taken the final investment decision for Phase 1 of the Rosebank development, while the NSTA has granted regulatory approval (Figure 1). The project is the highes...
Green Light for Breidablikk
Norway >> 9/28/2023 - The Norwegian Petroleum Directorate (NPD) has granted consent for start-up of the Breidablikk field in the North Sea. Production is expected to start in October.

Breidablikk is an oil fiel...
Sakhalin-2 is Ready to Become a Centre of Competence for Integrated Field Development
Russia >> 9/27/2023 - A plenary session entitled “The Far East: New Prospects for the Oil, Gas and Energy Sector” was held as part of the Far Eastern Energy Forum “Sakhalin Oil and Gas - 2023”. The key event of the first d...
We Need More Projects Like Rosebank if we are Serious about Homegrown UK Energy Future
United Kingdom >> 9/27/2023 - Trade body says it’s time to reframe debate on energy to boost jobs, grow economy, cut emissions, and secure supplies.

The leading trade body for the offshore energy sector, Offshore Energ...
Pantheon Resources Announces Commencement of Operations for Re-entry of Alkaid-2
United States >> 9/27/2023 - Pantheon Resources plc (AIM: PANR) ("Pantheon" or the "Company" or the "Group"), the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, collectively spanning 193,000 co...
Equinor Announces Development of the Rosebank Field on the UKCS
United Kingdom >> 9/27/2023 - Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing USD 3.8 billion.

The North S...
Equinor Declares Commerciality for Fields in the BM-C-33 Area, in Campos Basin, Brazil
Brazil >> 9/21/2023 - Equinor has, on behalf of the BM-C-33 consortium, submitted to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP), the Declarations of Commerciality and Plans of Development for two fie...
Sound Energy Announces Half Yearly Report for the Six Months Ended 30 June 2023
Morocco >> 9/21/2023 - Sound Energy, the transition energy company, announces its unaudited half-year report for the six months ended 30 June 2023.

H...
Petrobras Informs about Declaration of Commerciality in the Pre-salt of Campos Basin
Brazil >> 9/21/2023 - Petrobras, as a partner in the BM-C-33 consortium, informs that the operator Equinor Energy do Brasil Ltda submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), on September 2...
Prospex Energy Announces Unaudited Interim Results for the Six Months Ended 30 June 2023
Italy >> 9/20/2023 - Prospex Energy Plc, the AIM quoted investment company, is pleased to announce its unaudited Interim Results for the six months ended 30 June 2023.

H1 2023 Financial and Corporate Ov...

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