Development News

NNPC Signs Agreements to Boost FG Revenue by $16 Billion
Nigeria >> 8/3/2017 - Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London between the Nigerian National ...
Shell Propose Plan to Develop the two Iranian Oil Fields
Iran >> 8/2/2017 - The energy mogul, “Shell” has submitted its technical study plan to Petroleum Engineering and Development Company (PEDEC) in a meeting on Tuesday for developing the Azadegan and Yadavaran oil fields. ...
Gazprom Neft Developing Machine-Learning Technologies
Russia >> 8/1/2017 - Specialists at the Gazprom Neft Science and Technology Centre, together with the Moscow Institute of Physics and Technology (MIPT) Engineering Centre, have begun developing algorithms based on machine...
OIEC, Gazprom Neft Sign Oilfield MoU
Iran >> 7/30/2017 - The Oil Industries Engineering and Construction Company (OIEC) and Russias Gazprom Neft signed a memorandum of understanding to join forces in the assessment of geological potentials of Changuleh and...
OGA Launches 30th Offshore Licensing Round on UKCS Mature Areas
United Kingdom >> 7/25/2017 - The Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS) totalling an area of 114,426 k...
AAOG Updates Activities with Regards to Tilapia Field Development
Congo >> 7/24/2017 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to provide an update on activities with regards to the development of the producing Tilapia oil field (Tilapia) in the Rep...
Russians to Perform Survey on Two Southern Oil Fields
Iran >> 7/23/2017 - The National Iranian South Oil Company (NISOC) and Russia’s Zarubezhneft have signed a memorandum of understanding to develop two oil fields in southwest Iran. ...
Eni Says Not Challenging with Total in Iran
Iran >> 7/23/2017 - Right after France’s Total has signed a 5 billion dollars gas deal with the National Iranian Oil Company (NIOC) earlier this month, Italy’s energy giant, Eni, is keeping its foot on the ground in Iran...
Iraq Launches the 3rd Well in Sindbad Borderline Field
Iraq >> 7/23/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well, and inspected the drilling operations in the 4th oil well in Basrah. Mr. Al-Luiebi confirme...
Maersk Oil Completes Culzean Jacket Installation
United Kingdom >> 7/21/2017 - The Maersk Oil operated high pressure, high temperature (HPHT) Culzean development in the UK North Sea has reached a key milestone with the safe installation of all three of the project’s jackets, on ...
Iraq Launches the 3rd Well in Sindbad Borderline Field in Basrah
Iraq >> 7/20/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well in Basrah, and confirmed on the keenness of the ministry of oil to develop all the borderlin...
Aminex Expects to Submit Ntorya FDP in Early September
Tanzania >> 7/20/2017 - Aminex has now received a further payment from Tanzania Petroleum Development Corporation (TPDC) for Kiliwani gas sales. The Company continues to work with TPDC to bring arrears fully up to date. Amin...
IOG Submits FDP for Blythe & Elgood Fields
United Kingdom >> 7/19/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, has submitted the Field Development Plan (FDP) to the UK Oil and Gas Authority (OGA) for the Blythe Hub, ...
Ascent Resources Updates Operations on Petisovci Gas Field
Slovenia >> 7/18/2017 - The Board of Ascent Resources plc, the European focused oil & gas exploration and production company, is pleased to provide an update on progress with its Petisovci project in Slovenia. ...
Iran, Japan’s Toyo Signs Deal to Boost Output at Offshore Field
Iran >> 7/18/2017 - The National Iranian Oil Company (NIOC) signed on Monday a Memorandum of Understanding (MoU) with a consortium that includes Japan’s engineering group Toyo to revamp the facilities and upgrade gas pro...
Panoro Approves FID on the Development of Dussafu Fields
Gabon >> 7/18/2017 - Pan Petroleum Gabon B.V. (a fully owned subsidiary of Panoro Energy ASA) has approved the operator’s proposed work program and budget to move forward at full speed with the development of the Dussafu ...
PDO Achieves Significant Progress in Developing Bahja-Rima Oilfield
Oman >> 7/17/2017 - National oil company Petroleum Development Oman (PDO) has made significant progress in developing the Bahja-Rima cluster field, which has more than seven billion barrels of oil in place. ...
Mayan Enters into US$ 2 Million Oklahoma Farm out
United States >> 7/17/2017 - Mayan is pleased to announce that further to its RNS of 26 June 2017, relating to the restructuring of Oklahoma leases, it has now entered into a US$ 2m farm out of a 50% working interest in company's...
NISOC & Zarubezhneft Sign MoU
Iran >> 7/17/2017 - National Iranian South Oil Company (NISOC) and Russian Zarubezhneft signed a Memorandum of Understanding yesterday. The purpose of signing the MoU is to develop the Shadegan and Rag-e Sefid fields in ...
Iran Eyes 10 Oil, Gas Deals with Energy Majors by Mach 2018
Iran >> 7/16/2017 - National Iranian Oil Company (NIOC) says the Rouhani administration has tasked the company to ink 10 major deals for developing oi land gas fields by the end of the current Iranian calendar year to Ma...

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