Development News

Gobustan Regional Training Center to Continue Professional Oil Workers’ Training on Request of BP
Azerbaijan >> 1/8/2016 - SOCAR and BP signed an addendum to the agreement in support of development of national personnel to organize 10-month training courses for 40 young workers from Garadagh region at the Gobustan Regiona...
2 Year Extension Granted for the Chorbane Permit
Tunisia >> 1/5/2016 - Gulfsands Petroleum Plc, the AIM listed oil and gas exploration company with activities in Syria, Morocco, Tunisia and Colombia, provides the following update on the Chorbane hydrocarbon exploration l...
Iran May Award North Azadegan to China
Iran >> 1/3/2016 - Iran may award phase two of the North Azadegan oilfield to China for development, Minister of Petroleum Bijan Zangeneh says. ...
Iraq Shaping New Oil Production Plans
Iraq >> 12/30/2015 - Iraq is developing a new strategy for its southern oil fields in relation to the ongoing Common Sea Water Supply Facility project, which opened bidding for completion last year. ...
Rosneft, Oil India & Indian Oil Corporation Signed a MoU for Cooperation Onshore Russia
Russia >> 12/25/2015 - Rosneft, Oil India Limited and Indian Oil Corporation Limited signed a Memorandum of Understanding for cooperation for geologic survey, exploration and production of hydrocarbons onshore the Russian F...
Gazprom & NIGC Hold First Meeting of Joint Coordinating Committee
Russia >> 12/23/2015 - Teheran hosted today the first meeting of the Joint Coordinating Committee (JCC) of Gazprom and National Iranian Gas Company (NIGC). On behalf of the Russian party the JCC Co-Chairmen are Vitaly Marke...
PDO for Oseberg Vestflanken 2 Submitted
United Kingdom >> 12/18/2015 - Statoil and its partners submitted the plan for development and operation (PDO) of the North Sea Oseberg Vestflanken 2 to the authorities today, 18 December 2015. The development will provide in exces...
Rosneft & Sinopec Signed a Memorandum of Understanding
Russia >> 12/17/2015 - Rosneft and China Petrochemical Corporation (Sinopec group) signed a Memorandum of understanding in the area of cooperation on gas and petroleum chemicals projects to be developed in East Siberia. The...
Air Products & Bohlen & Doyen Sign Alliance Agreement
United Kingdom >> 12/17/2015 - Air Products, a worldwide leader in hydrogen fuelling technology, and Bohlen & Doyen, one of Germany’s leading and most capable manufacturers in the field of gaseous fuel filling station construction,...
The Third Sakhalin Indigenous Minorities Development Plan was Signed
Russia >> 12/17/2015 - Sakhalin Energy took part in the signing of the Third Sakhalin Indigenous Minorities Development Plan for 2016-2020 in Moscow. The Plan is a unique partnership of Sakhalin indigenous minorities, gover...
Bowleven Submits Bomono Plans to Develop Bomono
Cameroon >> 12/16/2015 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that is has submitted the Bomono Exploitation Authorisation Application (BEAA) to the Cameroon authorit...
Lukoil Approves Key Indicators for 2016–2018 Medium-Term Plan
Russia >> 12/10/2015 - The Board of Directors of PJSC LUKOIL held a meeting in Moscow today to approve the LUKOIL Group’s key performance indicators for 2016–2018. ...
ConocoPhillips Receives Consent to Extend the Lifetime of Eldfisk
Norway >> 12/10/2015 - ConocoPhillips has received consent to extend the lifetime of facilities and pipelines on the Eldfisk field. ConocoPhillips is the operator of Eldfisk, an oil field in block 2/7 in the southern North ...
Statoil Receives Consent for Modifications at Kristin & Tyrihans
Norway >> 12/10/2015 - Statoil has received consent for modifications at Kristin and Tyrihans in connection with tie-in of the Maria field. Kristin is a gas condensate field at Haltenbanken in the Norwegian Sea. Statoil is ...
Iran to Sign $3 billion Gas Contract with Consortium of Indian Companies
Iran >> 12/6/2015 - Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency. ...
SOCAR President Visits Iran
Azerbaijan >> 11/29/2015 - SOCAR President Rovnag Abdullayev and representatives of the company’s management visited Tehran to attend the conference on Iran’s new oil contracts. Iran’s Oil Minister Bijan Namdar Zanganeh, Vice P...
ICOFC Introduces 14 Central Oil & Gas Fields to Foreign Investors
Iran >> 11/29/2015 - Iranian Central Oil Fields Company (ICOFC) introduced 9 oil fields and 5 gas fields for development investment located to the west of the country as part of proceedings of the Iran Petroleum Contracts...
Iran Offers 50 Oil Projects to Foreign Investors
Iran >> 11/28/2015 - Iran offered about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion in investments, state media reported...
Pakistan State Oil Delegates Visit SOCAR
Azerbaijan >> 11/25/2015 - SOCAR President Rovnag Abdullayev received a delegation led by Sheikh Imran ul Haque, CEO & Managing Director, Pakistan State Oil (PSO). Welcoming the guests, Rovnag Abdullayev underlined the friendly...
DNV GL Study Calls for Technology Improvements to Reduce Costs
Norway >> 11/25/2015 - OG21 received the DNV GL study of technologies that should be developed for year-round oil and gas production at 74 degrees North in the Norwegian Barents Sea. New licenses are due to be awarded in th...

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