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Development News

RWE Continues Successful Development of Gas Resources in Egypt
Egypt >> 3/13/2014 - The development of RWE Dea’s natural gas project Disouq in the Egyptian Nile Delta is progressing successfully. The company confirmed another positive appraisal of the North West Khilala (NWK) Gas Fie...
BP Awarded EPCM Contract to Jacobs
BP Awarded EPCM Contract to Jacobs Oman >> 3/4/2014 - Jacobs Engineering Group Inc. was awarded a contract by BP for process and infrastructure work on the greenfield Khazzan project in the Sultanate of Oman. ...
Mart Increases Term Loan Facility to $175m
Nigeria >> 2/27/2014 - Mart Resources, Inc is pleased to announce that it has, through its wholly-owned Nigerian subsidiary, arranged to increase its existing secured term loan credit facility with Guaranty Trust Bank PLC f...
Antrim Updates Fyne Field Development
United Kingdom >> 2/25/2014 - Antrim Energy Inc., a Canada-based international exploration and production company, is pleased to announce that the UK Department of Energy and Climate Change ("DECC") has agreed to amend the terms o...
Ophir Provides Update in Equatorial Guinea
Equatorial Guinea >> 2/20/2014 - Ophir Energy plc is pleased to provide an update on progress with regards to the proposed development of the Company’s gas resources in Equatorial Guinea. ...
Algeria Invites Gazprom, Lukoil to Jointly Develop Oil & Gas
Algeria >> 2/19/2014 - Algeria, with Africa’s second biggest gas reserves, has asked Russia’s Gazprom and Lukoil to tender for the joint development and exploration of some of the 30 fields that make up a fifth of the count...
Drilling Commencement of Development Well Tmt-59
Indonesia >> 2/17/2014 - Interra Resources Limited wishes to inform shareholders that its wholly owned subsidiary, Goldwater TMT Pte. Ltd. (GTMT), has commenced drilling development well TMT-59 at the Tanjung Miring Timur (TM...
Interra Completes Development Well CHK 1179 in the Chauk Field
Myanmar >> 2/17/2014 - Interra Resources Limited wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (“Goldpetrol”), has completed development well CHK 1179 in the Chauk...
Statoil Selects Concept for the Johan Sverdrup field
Norway >> 2/13/2014 - Statoil and the partners in the Johan Sverdrup field have decided on a concept for the first development phase. The partners have agreed on a field centre consisting of four installations and power fr...
Eni’s Strategic Plan in 2014 - 2017
Libya >> 2/13/2014 - Paolo Scaroni, Eni CEO, presented the company’s 2014-2017 Strategic Plan to the financial community. In what is expected to remain a very difficult market context, Eni’s strategy is based on selecti...
WesternZagros Provides Updates on Garmian and Kurdamir
Iraq >> 2/13/2014 - WesternZagros Resources Ltd. has completed a revised resources assessment of its Kurdamir Oligocene reservoir in the Kurdistan Region of Iraq and there are no material changes. On the Garmian Block, d...
Rockhopper Outlines Sea Lion Development Costs
Falkland Islands >> 2/6/2014 - Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, advises shareholders that Premier Oil will provide an update on the Sea Lion Development at a Capital Markets Day....
Proserv Secures Double Contract Wins
United States >> 2/5/2014 - Proserv has secured two major contract wins in the Gulf of Mexico worth a combined US$17million (approx. £10.5m), underpinning the company’s fast-growing status, international footprint and strong int...
Repsol & UNDP Sign Agreement to Promote the Development in Colombia
Colombia >> 2/3/2014 - On 1 February, Repsol and the United Nations Development Programme (UNDP) signed an agreement in Colombia to carry out the Communities Benefit Plan in the Guajira Peninsula in northern Colombia. This ...
Japan's Cosmo Oil to Work with Spain's Cepsa
Japan >> 1/21/2014 - Japanese oil refiner Cosmo Oil Co and Spanish oil firm Cepsa have agreed to work together on crude and natural gas development, Japan's Nikkei business daily said. ...
Concession Agreement Extension for Upper Zakum Field
Concession Agreement Extension for Upper Zakum Field United Arab Emirates >> 1/21/2014 - The Government of Abu Dhabi has decided on the extension of the Concession for the Upper Zakum Oil Field, offshore Abu Dhabi, United Arab Emirates (UAE). The Concession has now been extended to 31st D...
JKX Starts up the Elizavetovskoye Field Development
Ukraine >> 1/20/2014 - JKX Oil & Gas plc is pleased to announce the start-up of its stand-alone Elizavetovskoye field development with the successful completion of the first development well E-301.The well is now flowing ga...
CNOOC Limited 2014 Business Strategy and Development Plan
China >> 1/20/2014 - CNOOC Limited announced a summary of the company's business strategy and development plan for the year 2014. The company's net production target of 2014 is in the range of 422 to 435 million barrels o...
Iraq Delays Nasiriya Oil Project Auction to June 19
Iraq >> 1/14/2014 - Iraq has delayed for the second time an international tender for the development of its Nasiriya oil field and the construction of a new refinery to June 19, the oil ministry said. ...
Shaikan Field Starts Crude Oil Exports
Shaikan Field Starts Crude Oil Exports Iraq >> 1/9/2014 - Gulf Keystone, a leading independent E&P operator in the Kurdistan Region of Iraq, provides an operational and corporate update. Significant progress has been made since the Field Development Plan (FD...

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