Development News

Gazprom & Shell Discuss Development of Strategic Cooperation
Russia >> 10/4/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, took place today at the 6th St. Petersburg International G...
Iraq Ministry of Oil Signs an Agreement to Develop Zubair Oil Field
Iraq >> 10/4/2016 - The ministry of oil signed an associated operation agreement contract to develop the Zubair oil field, between the South Oil Company (SOC) and the consortium of Eni Italian Company & Kogas Korean Comp...
Dvalin Field in the Norwegian Sea - DEA Submits PDO
Norway >> 10/3/2016 - The Plan for Development and Operation (PDO) for the Dvalin field (previously named Zidane) has been handed over to the Ministry of Petroleum and Energy in Norway by operator DEA. Dvalin will be the c...
Tullow Oil Provides Jubilee Turret Insurance Update
Ghana >> 9/30/2016 - Tullow Oil has received confirmation from its Lead Insurers that they accept there is a recoverable claim with respect to the Group’s corporate policy for Business Interruption insurance following dam...
Bashneft's Board of Directors Approves an Innovative Development Programme
Russia >> 9/28/2016 - PJSOC Bashneft's Board of Directors has approved the Company's Innovative Development Programme until 2021 with an outlook until 2026. Previously, the Programme had been approved by the Interdepartmen...
The Opening of the 15th International Energy Forum Ministerial (IEF)
The Opening of the 15th International Energy Forum Ministerial (IEF) Egypt >> 9/27/2016 - Eng. Tarek El Molla participated in the proceedings of the 15th International Energy Forum Ministerial (IEF) , inaugurated in the Algerian capital Algiers, on 26th of September 2016, which was conside...
RAK Petroleum Completes Development Campaign in Côte d'Ivoire
Ivory Coast (Cote D'Ivoire) >> 9/26/2016 - RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced the completion of a four-year, $850 million field development programme by operator Foxtrot International LDC in Block CI-2...
France’s Total May Return to Iran Gas Field
Iran >> 9/24/2016 - Deputy oil minister said Total S.A. Company has put forward a proposal to cooperate in development of Phase 11 of South Pars gas field. ...
Supporting Agricultural Vocational Education in Azerbaijan
Azerbaijan >> 9/22/2016 - BP on behalf of its co-venturers in the projects that it operates - the Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC) oil export pipeline and the South Caucasus Pipeline projects,...
NIOC to Offer Iranian Oil Fields’ Development to Powerful Companies
Iran >> 9/20/2016 - Deputy Head of National Iranian Oil Company (NIOC) for Development and Engineering Affairs, Gholam-Reza Manouchehri, says development of Iranian oil fieds will be entrusted to powerful companies. ...
NIOC & LUKoil Discuss Development of 2 Oilfields
Iran >> 9/19/2016 - Head of National Iranian Oil Company (NIOC) and Russian oil company LUKoil met on Monday to discuss development of Ab Teymour and Mansouri oil fields. ...
No Delay in Developing Joint Offshore Fields is Logical
Iran >> 9/18/2016 - Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says delay in development of offshore joint fields is not wise. ...
Lekoil Updates its Operations & Increases FBN Facility
Nigeria >> 9/15/2016 - LEKOIL, the oil and gas exploration and development company with a focus on West Africa, announces an update on the operations at Otakikpo and its existing FBN Capital Limited (FBN) facility. ...
Danan, Cheshmeh Khosh Fields Waiting for Foreign Investment
Iran >> 9/10/2016 - Among scores of oil and gas fields introduced at an international conference in Tehran for development under the new model of oil contractual framework, there are fields which may need less investment...
Mubadala Spuds Manora Appraisal/Development Well
Thailand >> 9/5/2016 - Tap Oil Limited (TAP) provides the following update on the Manora Oil Development in the Northern Gulf of Thailand (TAP 30% interest). The Joint Venture has identified an opportunity to add further ne...
Study Award for Wisting Discovery in Barents Sea
Norway >> 9/5/2016 - Sevan Marine has been awarded a study to evaluate its cylindrical hull design for application on the Wisting field development. The study is awarded by OMV Norge AS who is screening various floating a...
Seven Seas Petroleum New Facility in Barka Aims at Boosting ICV
Oman >> 9/3/2016 - Seven Seas Petroleum LLC, major Omani oil and gas supporting company which has diversified interests in petrochemicals, power, water and waste water, cement, and EPC contractors serving these industry...
Gazprom & RusGazDobycha Agree on Terms Regarding Development of Group of Fields
Russia >> 9/2/2016 - Alexey Miller, Chairman of the Gazprom Management Committee, and Artyom Obolensky, Director General of RusGazDobycha, signed at the Eastern Economic Forum 2016 in Vladivostok a Master Agreement regard...
Rosneft Plans Multidimensional Cooperation with Thailand
Thailand >> 9/2/2016 - Rosneft and PTT Public Company Limited (Thailand) signed a Cooperation Agreement at the Eastern Economic Forum. The document was signed by Rosneft Chief Executive Officer Igor Sechin and PTT Public Co...
FAR Confirms Commercial Viability of SNE Field in Senegal
Senegal >> 9/1/2016 - Following the successful results of the 2015/2016 appraisal program of the SNE oil field offshore Senegal in West Africa, FAR Ltd has assessed that the Minimum Economic Field Size for a commercial dev...

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