Development News

Revaluation of the Tubarao Martelo Field Development Plan
Brazil >> 2/27/2015 - OGPar announces to its shareholders and to the market that due to the oil price sharp decline in the international market, from approximately US$ 104/barrel, in August of 2014, to US$45/barrel, in Jan...
Eni Signs 2 Agreements with the Government of the Republic of Congo
Congo >> 2/26/2015 - Eni confirms its historical commitment in Congo with the signature of two agreements at Palazzo Chigi, underwritten by Eni’s CEO Claudio Descalzi in the presence of the President of the Republic of Co...
Orca Exploration Provides Update on Operations in Tanzania
Tanzania >> 2/25/2015 - Orca Exploration announced an update of its activities in respect of Songo Songo development and changes among some of the Company's key stakeholders in Tanzania. Following a Tanzania Parliament revie...
Aramco and KFUPM to Develop New Engineering Program
Aramco and KFUPM to Develop New Engineering Program Saudi Arabia >> 2/23/2015 - Saudi Aramco and King Fahd University of Petroleum and Minerals (KFUPM) recently signed a framework agreement in support of a new Petroleum Engineering and Geosciences college program.

Mem...
Aminex Reports Progress Towards Kiliwani North Gas Production
Tanzania >> 2/18/2015 - Aminex is pleased to notify shareholders that the Tanzanian Petroleum Development Corporation (TPDC), through its contractors, has now begun constructing the Skid Metering Unit within the boundaries o...
Head of CPC Took Part in an Expanded Meeting in Novorossiysk
Russia >> 2/17/2015 - CPC General Director Nikolay Brunich took part in a field meeting chaired by Deputy Transport Minister of the Russian Federation V.A. Olersky, which was held in the administrative building of FGUP Ros...
RH Petrogas Receives Approval for North Klalin Field Development
Indonesia >> 2/13/2015 - RH Petrogas has announced that the Plan of Development ('POD') for the North Klalin gas and condensate field in theKepala Burung PSC (Basin PSC), West Papua, Indonesia, has been approved by SKK Migas ...
Plan for Development & Operation for Johan Sverdrup
Norway >> 2/13/2015 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) together with its partners Statoil (operator), Maersk Oil, Det norske ol...
Keppel Land & Vanke Extend Strategic Alliance Into China
China >> 2/11/2015 - Keppel Land China Limited (Keppel Land China) has entered into an agreement with its partner and China's leading developer, China Vanke Co., Ltd (Vanke), to jointly develop a 16.7-ha (251mu) prime res...
Douglas-Westwood: 'Opportunities for IOCs in China?'
China >> 2/9/2015 - Douglas-Westwood, UK's energy business strategy, research and commercial due-diligence services provider, commented on "Opportunities for IOCs in China?" in its latest edition of DW. ...
CPP, NAWAH Strike Agreement Aimed at Iraq Market
Iraq >> 2/9/2015 - Pipeline engineering and construction leader China Petroleum Pipeline, along with distributor and logistics service provider North America Western Asia Holdings, today announced that the two companies...
CNOOC Announces its 2015 Business Strategy & Development Plan
China >> 2/3/2015 - CNOOC Limited announced its business strategy and development plan for the year 2015. ...
Greenfields Petroleum Corporation Announces 2015 Budget for the Bahar Project
Azerbaijan >> 1/30/2015 - Greenfields Petroleum Corporation announces that the operating company of the Bahar project, Bahar Energy Operating Company, continues work in its redevelopment of the Gum Deniz and Bahar fields in th...
Completion of First Phase Development at Lagia
Egypt >> 1/29/2015 - SacOil Holdings Limited is pleased to announce the successful on-time completion of phase 1 of the field development operations at the Lagia oil field in Sinai, onshore Egypt. ...
DNV GL Wins Contract with Wintershall for Maria Development
Norway >> 1/29/2015 - DNV GL has been selected by Wintershall Norge AS as the sole supplier for the combined role of Independent Verification Body (IVB) and Third Party Design Verification scope for the subsea, umbilicals,...
YPF and Sinopec Sign MOU to Develop Oil and Gas Projects
Argentina >> 1/28/2015 - The president and CEO of YPF, Miguel Galuccio and President of Sinopec, Fu Chengyu, signed a Memorandum of Understanding (MOU) with the intention of making a strategic partnership to develop projects ...
Medco Energi Commences Development of Block A Gas, Aceh
Indonesia >> 1/28/2015 - Medco Energi Internasional through its subsidiary Medco E&P Malaka has signed a Gas Sales and Purchase Agreement (GSPA) Block A, Aceh and Amendment GSPA South Sumatera Block. The total gas volume is o...
Eni Sanctions Offshore Cape Three Points Project in Ghana
Ghana >> 1/27/2015 - Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreeme...
The President of the Russian Federation Awarded Rosneft Officials
Russia >> 1/21/2015 - The President of the Russian Federation awarded Rosneft official for their contribution to the development of the energy sector and long and responsible service. ...
Ivanhoe Energy Scales Back Activities in Ecuador
Ecuador >> 1/21/2015 - Ivanhoe Energy Inc. announced that the company is scaling back its activities in Ecuador in response to significantly lower oil prices and a delay in discussions with Ivanhoe's partner on moving ahead...

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