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Oil Field Services News

Iran's Azadegan Oil Field Output at 40,000 bpd
Iran >> 2/3/2010 - Daily output at Iran's Azadegan oil field has reached 40,000 barrels per day (bpd) and will soon hit 50,000 bpd, Deputy Oil Minister Seifollah Jashnsaz was quoted. ...
Nigeria Plans to Sell 2 bn Barrels of Oil Reserves
Nigeria >> 2/2/2010 - Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds, the Financial Times...
Kazakhstan Wants Stake in Karachaganak Field
Kazakhstan >> 2/1/2010 - Kazakhstan wants a stake in the BG Group Plc-led Karachaganak field to increase the country’s profit from the venture, the state oil company said. ...
Lukoil, Statoil Signs Contract for West Qurna 2
Iraq >> 1/31/2010 - President and CEO of Statoil, Helge Lund, together with president of Lukoil, Vagit Alekperov, signed the development and production service contract for West Qurna 2 in Baghdad. ...
Gazprom Neft Signs Contract for the Badra Field
Iraq >> 1/28/2010 - A contract to develop the Badrah oil field in Iraq has been signed today between Gazprom Neft Deputy General Director for Exploration and Production Boris Zilbermintz and the Government of Iraq. ...
CNPC and Partners Sign Contract on Halfaya Oilfield
Iraq >> 1/28/2010 - On January 27, PetroChina Company Limited, Total Exploration and Production Company in Iraq ("Total") and Malaysia's Petroliam Nasional Berhad ("Petronas") won the bidding in a tender for the Halfaya ...
Tower Updates Its Current Operations in Uganda
Uganda >> 1/28/2010 - Tower Resources plc, the oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda, is pleased to provide an update of current operations. ...
VCNG Produced 1.181 m Tons of Oil in 2009
Russia >> 1/27/2010 - Vercknechonskneftegas produced 1.181 mln tons of oil in 2009 according to a company press release. Thus, its oil production plan was overfulfilled by 30%, and the well drilling plan was overfulfilled ...
Iranian Forces Fully Withdraw from Iraq Oilfield
Iraq >> 1/27/2010 - Small contingent of Iranian troops fully withdrew on Wednesday from near an inactive oil well inside Iraqi territory, the Iraqi Foreign Ministry said. The foreign ministers of the two countries had ag...
Strike Extends Option for Philippines Oilfield
Philippines >> 1/27/2010 - Strike Energy Limited advises that it has extended the expiry date on the option it holds for the acquisition of an 80 per cent stake in the Cadlao Oilfield in the Republic of the Philippines. ...
Iraq, Angola's Sonangol Finalize Oilfield Deals
Iraq >> 1/26/2010 - Iraq signed final contracts with Angolan state oil company Sonangol to develop the Qayara and Najmah oilfields. Qayara has reserves of some 800 million barrels and Najmah 900 million. Both are in the...
Stratic Plugged and Abandoned Block 17 in Syria
Syria >> 1/25/2010 - Stratic Energy Corporation announces that the Al Tayr 101 well, drilled on its operated Block 17 concession in Syria, has reached TD and is being plugged and abandoned following an unsuccessful test p...
ExxonMobil Signs Agreement to Develop West Qurna 1
Iraq >> 1/25/2010 - Exxon Mobil Corporation announced that its affiliate ExxonMobil Iraq Limited signed an agreement with the Iraq Ministry of Oil to redevelop and expand the West Qurna-1 field in southern Iraq. ...
Eni, Signs Contract to Redevelop Zubair Field
Iraq >> 1/22/2010 - Eni, Occidental Petroleum Corporation (Oxy) and Korea Gas Corporation (KOGAS) announced that they have signed a contract with Iraq's state-owned South Oil Company (SOC) and Missan Oil Company, to rede...
China's Oil Demand Jumps 16.1% in December
China >> 1/22/2010 - China's apparent oil demand in December jumped 16.1% from a year ago, in step with the country's brisk economic growth. December also marked the fourth straight month that the world's second-largest o...
Bohai Increases Daily Natural Gas Supply for Tianjin
China >> 1/22/2010 - As a result of the cold snap, natural gas consumption in Tianjin has increased rapidly, and natural gas was in short supply. By January 6, west Bohai oilfields has increased its daily supply for Tianj...
Gulfsands Provides Operation Update at Block 26
Syria >> 1/20/2010 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, and the U.S.A., is pleased to provide the following update on the Company's ope...
VOG Provides Operational Updates in Logbaba Project
Cameroon >> 1/19/2010 - Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and development company with assets in Cameroon and the FSU, is pleased to announce an update on its Logbaba gas and condensate project (...
Bozhong 34-1 Receives Silver Prize of High Project for 2009
China >> 1/18/2010 - In the commendation meeting for Strengthening Safety and Quality Management of Major Projects and Constructing National High-quality Projects held by China Association of Construction Enterprise Manag...
Iraq, Exxon to Sign Final Deal for W.Qurna Jan 25
Iraq >> 1/18/2010 - Iraq and a group led by U.S. oil major Exxon Mobil will sign a final deal for the development of the 8.7-billion barrel West Qurna Phase One oilfield on Jan. 25, an Iraqi Oil Ministry official said. ...

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