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Parliament & Admin Back New Model of NISOC Oil Deals
Iran >> 11/27/2016 - Head of the Parliament's Energy Committee Fereidoun Hasanvand said the administration and the parliament have endorsed the new framework of oil contracts devised by the Iranian Ministry of Petroleum. ...
Indonesia Welcomes Iran Participation in Its Infrastructure Projects
Indonesia >> 11/25/2016 - Indonesian Energy and Mineral Resources Minister Ignasius Jonan on Friday welcomed participation of Iranian companies in its infrastructure projects. ...
Lukoil Puts in Operation a New Power Facility in Komi
Russia >> 11/25/2016 - LUKOIL has put in operation the first stage of the power generation facility at the Usinskoye field in the Republic of Komi. The startup ceremony was attended by President of LUKOIL Vagit Alekperov an...
Shell to invest $10B in Oil Industry in Brazil
Brazil >> 11/11/2016 - Royal Dutch Shell Plc (RDSa.L) will invest $10 billion (8 billion pounds) in Brazil over five years now that the country has increased opportunities for foreign companies in its oil industry, its chie...
Petrobras Approved Committee of Minority Shareholders
Brazil >> 10/24/2016 - Petrobras Board of Directors (CA) approved the creation of a committee of minority shareholders to monitor the process of revision of the Transfer Agreement. ...
Brazil to Ease Requirements in Oil & Gas Auctions
Brazil >> 10/17/2016 - Brazil will stop favoring companies that offer to purchase a larger amount of local goods and services when selecting winners in oil and gas rights auctions, newspaper Valor Economico reported. ...
PDO Awards $330 million Contracts to Omani Firms
PDO Awards $330 million Contracts to Omani Firms Oman >> 10/12/2016 - Petroleum Development Oman (PDO) has awarded three key contracts valued at $330 million to Omani businesses for work in the north of its operations. The Company said the agreements were further eviden...
Tunisia Reaches Deal with Petrofac Protesters
Tunisia >> 9/24/2016 - Tunisia has reached a deal with protesters who have disrupted gas production by Petrofac for months, the government said on Friday, part of an effort to stop the British energy firm closing its busine...
Rag Sefid Desalination Unit on Verge of Commissioning
Iran >> 9/17/2016 - By launching Rag Sefid #1 desalination unit, desalting capacity for Rag Sefid and Ramshir oilfields will be twice the current amount, announced NISOC Managing Director. ...
Western Countries Concerned by Tension around Zueitina Terminal
Libya >> 8/10/2016 - Western countries including the United States, France and Britain said in a joint statement they were concerned by mounting tension around the Zueitina oil terminal in Libya. ...
Protesters Block Entrance to Chevron Facility in Nigeria's Delta
Nigeria >> 8/10/2016 - Nigerian protesters blocked the entrance to a Chevron oil facility in the restive Niger Delta demanding jobs and housing, a protest leader said. ...
Sterling Issues Surrender Notice for Ntem
Cameroon >> 8/5/2016 - Sterling Energy plc, the AIM listed oil and gas exploration company, announces that its wholly owned subsidiary Sterling Cameroon Limited has issued a notice of surrender in relation to the Ntem Conce...
Terms of New Oil Contract Approved
Iran >> 8/4/2016 - The Iranian administration approved the revised version of a new model of upstream oil and gas contract, known as Iran Petroleum Contract (IPC), on Wednesday. ...
40 Ships Transit Suez Canal
40 Ships Transit Suez Canal Egypt >> 8/2/2016 - Forty ships transited the Suez Canal with a total cargo of 2.3 million tons. ...
Libya Gov't in Talks to Reopen Ras Lanuf Oil Port
Libya >> 7/29/2016 - Libyan government officials were in talks with brigades holding the Ras Lanuf oil port, one of two major oil terminals shut down since December 2014, to reach a deal to reopen exports, officials said....
'New Growth Model' to Cope with Oil Price Drop
Algeria >> 7/27/2016 - OPEC member Algeria says it will launch a new "economic growth model" for the next four years focussed on reforming the tax system to bring in more revenue and reduce dependence on energy exports. ...
Lukoil Commissions Phase I Power Supply at Usinskoye Field
Russia >> 7/26/2016 - PJSC LUKOIL commissioned Phase I of the auxiliary power supply plant in the Republic of Komi. The 100 MW power plant is designed to satisfy the growing need in power at the Denisovsky license area and...
Doriemus Appoints Nutech to Assess Potential of Brockham Oil Field
United Kingdom >> 7/25/2016 - Doriemus PLC, the London Listed UK focused oil and gas exploration and production investment company, has engaged, in conjunction with the operator and owner of 80 per cent. (Angus Energy Weald Basin ...
Libyan Deal to End Oil Ports Blockade Still Needs Signing
Libya >> 7/25/2016 - Libyan Petroleum Facilities Guard (PFG) commander Ibrahim Jathran said he was ready to end a blockade at key oil terminals, but the U.N.-backed government still needs to sign an agreement for exports ...
Cyprus Receives Six Applications for Blocks in the Cypriot EEZ
Cyprus >> 7/22/2016 - The Ministry of Energy, Commerce, Industry and Tourism declares that, the deadline for the submission of applications for the 3rd Licensing Round for offshore exploration in Blocks 6, 8 and 10 in the ...

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