Development News

SOCO Starts 2016 Development Drilling Programme on TGT Field
Vietnam >> 11/7/2016 - SOCO announces that the 2016 development drilling programme has commenced on the Te Giac Trang (TGT) Field of Block 16-1, offshore southern Vietnam. The infill wells, the TGT-27P and TGT-28P, will be ...
Njord Facilities Selected as Preferred Concept for Pil & Bue Development
Norway >> 11/4/2016 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the partners in the P...
Consent to Use the Huldra Facility in a Cold Phase
Norfolk Island >> 11/4/2016 - Statoil Petroleum AS (Statoil) has received consent to use the Huldra facility in a cold phase in production licence 051 and 052B in the North Sea. The consent applies to the use of the facility in a ...
Wartsila & IDRO Sign Cooperation Agreement to Develop Power Deneration in Iran
Iran >> 11/3/2016 - Wartsila and Industrial Development & Renovation Organization of Iran (IDRO), the largest industrial corporation in Iran have signed a Memorandum of Understanding (MoU) on October 29th. The MoU was si...
Norway Expects Up to 15 Development Plans from Oil Firms in 2017/2018
Norway >> 11/1/2016 - Oil firms are expected to submit up to 15 development plans for oil and gas fields off Norway over the next two years, the head of the Norwegian Petroleum Directorate told Reuters on Monday. ...
Foreigners Eager to Commission Petrochemical Projects
Iran >> 11/1/2016 - Deputy Minister of Petroleum for Petrochemical Affairs Marzieh Shahdaie says foreigners are willing to contribute into development projects in Mahshahr Petrochemical Special Economic Zone. ...
Statoil Submits Trestakk Plan for Development and Operation
Norway >> 11/1/2016 - Statoil, on behalf of the license holders, has submitted a Plan for Development and Operation of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bod?....
Submitted PDO for Trestakk Discovery
Norway >> 11/1/2016 - The licensees in the Trestakk discovery in the Norwegian Sea submitted a Plan for Development and Operation (PDO) to the authorities today. Expected investments are NOK 5.5 billion. ...
AkerBP Gets Green Light for Ivar Aasen Start-Up
Norway >> 10/24/2016 - The Norwegian Petroleum Directorate (NPD) has granted consent for production start-up on the Ivar Aasen field in the North Sea. The operator AkerBP has scheduled start-up for December. ...
Iraq Offers Oil Fields Under New Contract Terms
Iraq >> 10/24/2016 - Iraq's oil ministry has launched a new round of bidding to develop 12 small to medium-sized oil fields and will directly negotiate terms with oil companies as it seeks to move away from the service-ba...
Iran to Ink 6 Oil Contracts with Intl. Firms
Iran >> 10/24/2016 - Iran will soon sign six agreements with international energy giants over the development of its oil sector projects, Gholam-Reza Manouchehri, the deputy for engineering and development affairs of the ...
BP’s Khazzan Gas Project in Oman Nears Completion of Phase One
Oman >> 10/24/2016 - BP Oman announced that phase one of its massive Khazzan natural gas project is 80 percent complete and on track to deliver first gas near the end of 2017. ...
Strong Firms Invited to Run Tender for S. Azadegan Development
Iran >> 10/23/2016 - Operator of the project for development of South Azadegan oil field Mahmoud Marashi says powerful companies can run the tender to develop second phase of a project for development of South Azadegan oi...
Iran Invites Oil Majors to Bid for New Projects
Iran >> 10/23/2016 - Iran has invited global energy giants to a much-awaited tender for the development of several of its key oil sector projects. ...
Maersk Oil in Talks with Iran Over Oil Fields
Iran >> 10/21/2016 - Maersk Oil, the oil division of Danish group A.P. Moller-Maersk said it had signed a memorandum of understanding with the National Iranian Oil Company (NIOC) to 'explore opportunities for future coope...
Igor Sechin Gave a Keynote Speech at the V Eurasian Forum in Verona
Russia >> 10/20/2016 - Rosneft CEO Igor Sechin gave a keynote speech at the opening of the V Eurasian Forum in Verona (Italy) , one of the main platforms for dialogue development in the Eurasian area. ...
President of Lukoil Meets With Federal Chancellor of Austria
Russia >> 10/14/2016 - Federal Chancellor Christian Kern Friday in Vienna received President of LUKOIL Vagit Alekperov. The parties discussed the development of the Company's business for production and distribution of high...
Oil Firms Present Proposals for Iran Projects
Iran >> 10/10/2016 - Iran’s media say the country has received the first wave of proposals by major international companies to develop oil and gas projects within the new format of oil contracts recently approved by the a...
India & Iran Aim to Wrap Up Farzad B Gas Field Deal by March 2016
Iran >> 10/6/2016 - India and Iran aim to strike a deal by March to develop an Iranian gas field with estimated in-place reserves of 18.75 trillion cubic feet, the Indian government said in a statement on Wednesday. ...
Subsea Services Alliance Announces Plans for Riserless Abandonment System
United States >> 10/5/2016 - The Subsea Services Alliance, a contractual collaboration between Helix Energy Solutions Group, Inc. (HLX) and Schlumberger, announced the launch of the development of the first Riserless Open-water A...

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