Development News

CNOOC Limited Announces 2016 Interim Results
China >> 8/24/2016 - CNOOC Limited announced its interim results for the six months ended June 30, 2016. ...
PDVSA & ENI in Talks to Develop Phase 2 of Cardon IV
Venezuela >> 8/24/2016 - The People's Minister of Petroleum and president of Petroleos de Venezuela, SA (PDVSA), Eulogio Del Pino, held a meeting with President of the Italian oil company ENI, Claudio Descalzi, accompanied by...
Iran to Award Two key Oil Deals to CNPC & Sinopec
Iran >> 8/22/2016 - Iran says it plans to award the development of two of its major oil fields to the Chinese companies. Gholam-Reza Manouchehri, the deputy director for engineering and development affairs of the Nationa...
Submitting PDO for Byrding
Norway >> 8/19/2016 - Statoil and its partners submitted the Plan for Development and Operation of the Byrding oil and gas discovery in the North Sea to government authorities. ...
Ghana's Dispute with Ivory Coast Affected Oil Development
Ghana >> 8/18/2016 - Ghana's President John Mahama said that a maritime boundary dispute with Ivory Coast had affected the development of the new TEN oil field, but that Ghana was nonetheless committed to a peaceful resol...
Hassi Bir Rekaiz Project JV to Submit Development Plan in 2017
Algeria >> 8/16/2016 - National Company for Exploration, Production, Transport and Commercialization of Hydrocarbons “SONATRACH” and its partners PTT Exploration and Production Public Company Limited (Thailand) or PTTEP and...
Shadegan Oilfield Development Project Awaiting Tender Formalities
Iran >> 8/15/2016 - According to Managing Director of Maroun Oil & Gas Producing Company (MOGPC), development project of Shadegan hydrocarbon field is awaiting tender formalities. ...
Iran Expects New Oil Deals to Attract $25bn
Iran >> 8/13/2016 - Iran says it is determined to press ahead with the implementation of its future oil sector projects through the newly drafted format of contracts with one senior official saying that the new contracts...
Development and Operation Plan of the Utgard discovery in the North Sea
Norway >> 8/9/2016 - Statoil and its partners have submitted the Plan for Development and Operation (PDO) and the Field Development Plan (FDP) for the Utgard gas and condensate discovery in the North Sea to Norwegian and ...
New Suez Canal Project: Turn Suez Canal into an Integrated Development Area
New Suez Canal Project: Turn Suez Canal into an Integrated Development Area Egypt >> 8/7/2016 - Prime Minister Sherif Ismail congratulated the Egyptian people and the Armed Forces on the anniversary of the July 23 Revolution. ...
Trinidad Development Drilling Update
Trinidad and Tobago >> 8/4/2016 - Range is pleased to confirm that the MD-251 well which was spudded on 15 July 2016 has reached target depth of 3,900 feet, ahead of the original schedule. Preliminary analysis of the well indicates ap...
Lukoil Continues Facility Construction for Second Stage of Filanovsky Field Development
Russia >> 8/4/2016 - LUKOIL commenced transportation of jackets for the offshore ice-resistant stationary platform #2 from the port of Astrakhan to the Filanovsky field in the Caspian Sea. The platform is intended for dri...
Iraq Seeks Exxon, Petrochina Help to Develop Two Oil Fields
Iraq >> 7/27/2016 - Iraq is negotiating with Exxon Mobil Corp. and Petrochina Co. to develop two oil fields in the south of the country as it seeks to maintain overall production at about 4.8 million barrels a day for th...
Bashneft & the Skolkovo Foundation Sign a Strategic Cooperation Agreement
Russia >> 7/13/2016 - PJSOC Bashneft and the Skolkovo Foundation have signed a Strategic Cooperation Agreement. The aim of the Agreement is to promote research and technical cooperation in the development and implementatio...
Sapurakencana & Petronas Reach Agreement for Cessation of Berantai RSC
Malaysia >> 7/11/2016 - SapuraKencana Petroleum Berhad would like to announce that its wholly-owned subsidiaries, Sapura Energy Ventures Sdn. Bhd. and Kencana Energy Sdn. Bhd. and their partner, Petrofac Energy Developments ...
Swiber's EPCIC Work in West Africa Delayed by Industry Slowdown
Singapore >> 7/8/2016 - The board of directors of Swiber Holdings Limited (the "Company" and together with its subsidiaries, the “Group”) refers to the announcement made by the Company on 15 December 2014 in relation to its ...
Consent for Extended Lifetime for the Tambar Facility
Norway >> 7/8/2016 - The Norwegian Petroleum Directorate is giving the green light to use the facility on the Tambar field in the North Sea until 1 January 2022. This coincides with the expiry of production licence 065. T...
Up to 12b cm Gas to Be Injected to Oil Reserves by March 20
Iran >> 7/6/2016 - Head of the Dispatching Unit in National Iranian Gas Company Abdolreza Ebrahimian says up to 12 billion cubic meters of gas will be injected to oil reserves by March 20, marking end of the current Ira...
Gazprom & BASF Express Appreciation for Their Cooperation in Hydrocarbon Production in Russia
Russia >> 7/4/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place today at the Company's headquarte...
Iran Plans Tenders for Oil Fields this Summer as Contract Nears
Iran >> 6/27/2016 - Iran plans to issue tenders to develop its oil fields this summer as the government is expected to approve a new model oil contract designed to attract investors 'in a short amount of time,' Oil Minis...

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