Development News

BHOS & Petroleum Institute in Abu Dhabi Signed Cooperation Agreement
Azerbaijan >> 12/7/2016 - Delegation of Baku Higher Oil School (BHOS) led by the Rector Elmar Gasimov paid a visit to Abu Dhabi and Dubai in United Arab Emirates (UAE) with the purpose to discuss further development of the bil...
Faroe Petroleum Receives Consent to Take over Operatorship
Norway >> 12/7/2016 - Faroe Petroleum Norge AS has received consent to takeover operatorship of the Oselvar and Trym fields. The Oselvar field is in blocks 1/2 and 1/3 in the southern North Sea, around 27 kilometres southw...
Shell to Sign Initial Iran Oil & Gas Development Deals
Iran >> 12/7/2016 - Royal Dutch Shell will sign initial agreements to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world's second biggest listed oil firm in Iran since sanctions wer...
Rosneft & Exxon Drop Plans for Gulf of Mexico Development
United States >> 12/2/2016 - Russia's largest oil producer Rosneft and ExxonMobil have decided not to proceed with joint development of oil blocks in the Gulf of Mexico due to "lack of prospects", Interfax news agency quoted Rosn...
Centrica Submits Oda Field Development Plan
Norway >> 11/30/2016 - Faroe Petroleum has announced that the partners in the Oda (previously named Butch) field (licence PL 405) have submitted the plan for its Development and Operation ('PDO') to the Norwegian Ministry o...
Gazprom Neft Begins Developing Otdalennaya Group of Fields
Russia >> 11/29/2016 - Gazprom Neft has confirmed its strategy for implementation of a new major project — the development of the Otdalennaya (the “Remote”) group of fields, located in the southern part of the Yamalo-Nenets...
Statoil Studies Options for Developing Bay du Nord
Canada >> 11/29/2016 - In yet another sign that Newfoundland and Labrador's oil industry is headed into deeper water, Statoil is looking for help to study development options for its Bay du Nord discovery in the Flemish Pas...
Victoria Oil & Gas Provides Update on Logbaba Drilling
Cameroon >> 11/28/2016 - Gaz du Cameroun S.A. (GDC), the Company's Cameroon gas producing and distributing subsidiary, announces that following spudding of well La-107 on November 1 2016, it has successfully drilled, cased an...
Minister of Petroleum Meets with Eni’s Chairman
Minister of Petroleum Meets with Eni’s Chairman Egypt >> 11/22/2016 - Minister of Petroleum and Mineral Resources Eng. Tarek El Molla held a meeting with Emma Marcegaglia Eni’s Chairman in the presence of Adriano Mongini Executive Vice President North Africa at Eni to d...
Total & SOCAR Sign Agreement to Develop Absheron Discovery
Azerbaijan >> 11/21/2016 - Total and SOCAR, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for a first phase of production of the Absheron gas and condensate f...
OGA Hosts Well Construction Hackathon to Deliver Savings
United Kingdom >> 11/17/2016 - The Oil and Gas Authority (OGA) is holding a hackathon to identify new technology and practices which can reduce the cost of well construction on the UK Continental Shelf (UKCS). Jointly driven by the...
DNO Signs MoU to Develop Iran's Changuleh Oil Field
Iran >> 11/16/2016 - DNO ASA, the Norwegian oil and gas operator, today announced the signing of a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study concerning the developme...
Lukoil Continues Cooperation with Tyumen Region
Russia >> 11/15/2016 - A meeting between President of LUKOIL Vagit Alekperov and Governor of the Tyumen Region Vladimir Yakushev took place today in Tyumen. The parties discussed the development of cooperation between the C...
Senex Completes Glenora Pilot Development in Western Surat Gas Project
Australia >> 11/15/2016 - Senex Energy Limited (Senex) has announced completion of the first pilot development in the Western Surat Gas Project on budget and ahead of schedule. The Glenora pilot marks the commencement of the d...
Sakhalin Energy About Russian Content
Russia >> 11/14/2016 - Sakhalin Energy has released a new brochure on the development of Russian content in the Sakhalin-2 project. The publication contains general information about the project, the most vivid examples of...
APPEA Welcomes Queensland Acreage Release
Australia >> 11/11/2016 - APPEA welcomes the release of two petroleum and gas exploration areas in Queensland. The areas released by the Queensland Government include 86km˛ of land, 65km north of Injune in the Bowen Basin, and...
Genoil Signs US$50 Billion Letter of Intent to Develop and Construct Upgrading Projects in Russia
Genoil Signs US$50 Billion Letter of Intent to Develop and Construct Upgrading Projects in Russia Russia >> 11/9/2016 - Genoil Inc. (GNOLF), the publicly traded clean technology engineering company for the petroleum industry, announced the signing of a $50 billion Letter of Intent (LOI) to develop oil fields and constr...
Total to Sign $6b Gas Deal with Iran
Iran >> 11/7/2016 - Iran will sign a deal with France's Total on Tuesday for the development of gas production at the South Pars field in the Persian Gulf, the Iranian oil ministry said. ...
Farzad B Economic Development Model to Finalize
Iran >> 11/7/2016 - The economic development model of “Farzad B” gas field would be finalized in November 2016. The general manager of Pars oil and Gas Company claimed that the Indian ONGC will make the economic developm...
SOCAR President Attends ADIPEC 2016
Azerbaijan >> 11/7/2016 - Rovnag Abdullayev, President of SOCAR visited the United Arab Emirates to attend the Abu Dhabi International Petroleum Exhibition & Conference. He held a series of meetings within the forum attended b...

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