Development News

NIOC Inks $500m Deal for South Pars Oil Layer Development
Iran >> 3/16/2022 - The CEO of the National Iranian Oil Company said: Another manifestation of the nationalization of the oil industry was the signing of a contract for the development, production and increase of oil pro...
MOU Signed for Phase II of Masjed Soleyman Oilfield Development
Iran >> 3/15/2022 - The CEO of Petroleum Engineering and Development Company (PEDEC) announced signing of the Memorandum of Understanding for the second phase of Masjed Soleyman oil field development project.

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Trinity Exploration Provides Update on Galeota Asset Development Project
Trinidad and Tobago >> 3/9/2022 - Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, has received the final Certificate of Environmental Clearance ("CEC") for the Galeota Asse...
NOC & BP Agree to Resume the Activity of the BP in Libya
Libya >> 3/7/2022 - The Chairman of the Board of Directors of the National Oil Corporation, Eng. Mustafa Sanalla, met with the Chairman and CEO of the British Oil Company, Mr. Bernard Looney during the activities of the ...
TenarisHydril EasyDock™ Connector Shows off its Robustness in the Black Sea
Romania >> 3/2/2022 - Romanian operator Black Sea Oil & Gas (BSOG) chose TenarisHydril EasyDock™ weld-on connector for the conductor string of the development phase of the Ana gas field in the Black Sea shallow waters.
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bp Announces Successful Start-up of Herschel Expansion in Gulf of Mexico
United States >> 2/22/2022 - bp announced the safe and successful start-up of the Herschel Expansion project in the Gulf of Mexico. This is part of bp’s strategy to invest in focused and resilient hydrocarbons. Herschel is the fi...
ODL - Deepsea Nordkapp to Drill Kobra East Gekko (KEG) Development Wells
Norway >> 2/15/2022 - Further to the notice issued on 22 March 2021, Aker BP has exercised a scope based option for Deepsea Nordkapp under the Contract entered into between the parties in April 2018.

The op...
Mosman Oil and Gas Receives Approval for Amadeus Basin Permit EP-145
Australia >> 2/14/2022 - Mosman Oil and Gas Limited, the oil exploration, development and production company, announces that the Minister for Mining and Industry in the Northern Territory Government has approved Mosman's appl...
Approved Development Plan for Kobra East & Gekko (KEG)
Norway >> 2/10/2022 - The Norwegian Ministry of Petroleum and Energy has approved the Plan for development and operation (PDO) for Kobra East & Gekko (KEG) in the Alvheim area.

The Operator Aker BP and licence p...
Launch of the Lake Albert Resources Development Project
Uganda >> 2/1/2022 - During a ceremony held in Kampala, in the presence of Yoweri Museveni, President of the Republic of Uganda, Philip Mpango, Vice-President of the United Republic of Tanzania, Patrick Pouyanné, Chairma...
Equinor Presents Wisting Impact Assessment
Norway >> 2/1/2022 - Equinor has today, on behalf of the partners, presented an impact assessment for development and operation of Wisting. The plan for development and operation (PDO) is scheduled to be finalised at the ...
IOG Announces Operational Update
United Kingdom >> 1/25/2022 - IOG plc ("IOG"), (IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, provides a further update on Phase 1 operations.

Andrew Hockey, CEO of ...
ONGC Videsh Enters the Development Stage in Brazil Offshore Project BM-SEAL-4
Brazil >> 1/24/2022 - ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 7...
Iran & Russia Sign Energy Agreements
Iran >> 1/21/2022 - Iranian Minister of Petroleum, Javad Owji, Tehran and Moscow signed multiple agreements in development of oil and gas fields, construction of petro-refineries and technology transfer.

It w...
GeoPark Announces 4th Quarter 2021 Operational Update
Colombia >> 1/19/2022 - GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator announced its operational update for the three-month period ended December 31, 2021 (“4Q2021”).
Central North Sea HPHT Pressure Cell Study
United Kingdom >> 1/6/2022 - HPHT (high pressure, high temperature) fields in the Central North Sea (CNS) account for a significant portion of UK total production. Expediting the successful exploitation of new HPHT structures in ...
Sabah and PETRONAS Launch Sabah Gas Masterplan
Malaysia >> 1/4/2022 - The Sabah State Government and PETRONAS launched the Sabah Gas Masterplan that serves as a reference for both parties in guiding the way forward for the further development of natural gas in the State...
Petrobras Presents Declaration of Commerciality in the Sergipe-Alagoas Basin
Brazil >> 12/30/2021 - Petrobras, as operator of the BM-SEAL-4 and BM-SEAL-11 consortiums and the sole holder of the rights to the BM-SEAL-4A and BM-SEAL-10 concessions, presented this Thursday (12/30) to the Agency Nationa...
Victory - Submission of Draft Field Development Plan
United Kingdom >> 12/23/2021 - Reabold, the AIM investing company focused on upstream oil and gas projects, is pleased to provide an update on the Victory Gas Discovery ("Victory"), which is located ca. 50 kilometres northwest of t...
30 Million Tonnes of Oil Produced at LUKOIL’s Vladimir Filanovsky Field
Russia >> 12/23/2021 - LUKOIL's oil production at its Caspian Vladimir Filanovsky field exceeded 30 million tonnes. In 2021, the field saw 5 development wells built (including 4 production wells and 1 injection well) to mai...

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