Development News

Development of Azar Oilfield be Accelerated
Iran >> 10/17/2014 - According to Petroleum, Engineering and Development Company’s (PEDEC) Public Relations (PR), Bijan Namdar Zangeneh, Iranian Oil Minister, visiting Azar Oilfield on last Thursday, said, required financ...
Rosneft Finishes Unique Transport Operation on Samara Refineries
Russia >> 10/17/2014 - Rosneft organized delivery of the oversize equipment – deaerators used for hydrogen generation units - to Kuibyshev Refinery and Syzran Refinery, Rosneft subsidiaries in the Samara Region. The transpo...
RH Petrogas’ Fuyu 1 Block Receives Green Light to Advance into Commercial Production
China >> 10/17/2014 - Mainboard-listed RH Petrogas Limited, engaged in the business of exploration, development and production of oil and gas resources, is pleased to announce that the Group’s Overall Development Plan (“OD...
GPK Declares Commerciality for The Shewashan Discovery
Iraq >> 10/17/2014 - GPK has declared the Shewashan light oil discovery commercial and is preparing the Field Development Plan (FDP) for submission to the MNR in accordance with the Khalakan PSC. ...
DGH Approves Development and Production Plan of Ruche
Gabon >> 10/13/2014 - Panoro Energy ASA is pleased to announce that the Direction Général de Hydrocarbures (DGH) has approved the Development and Production Plan (FDP) for Ruche, which includes the Ruche A (formally Ruche)...
Chevron Reschedules $12b Deep Water Gas Project
Indonesia >> 10/12/2014 - PT Chevron Pacific Indonesia, a unit of Chevron Corp, has submitted an official letter saying it would temporarily delay its deep water gas development project worth $12 billion in Makassar Strait, Ea...
Lekoil to Raise $37.5m for Marginal Field Development
Nigeria >> 10/8/2014 - Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, notes the recent online media reports that it plans to issue $37.5 million of equity in relation to...
Kuwait Invites Big Oil Companies to Develop Major Fields
Kuwait >> 10/2/2014 - Kuwait is in talks with five major oil companies to help boost crude production and develop some of its oilfields including Burgan, the world's second largest, a move that has faced fierce political o...
Leviathan Group Submits $6.5 Bln Development Plan
Israel >> 9/30/2014 - The partners in Leviathan, Israel's largest natural gas field, have submitted their initial development plan to Israeli authorities, which one source said on Tuesday envisages producing 16 billion cub...
Economic Council Approves Integrated Development Project of West Karoon
Iran >> 9/29/2014 - Economic Council is to approve the Integrated Development Project of West Karoon Oilfields to increase 550,000 barrels of oil per day to the current production. ...
Brazil's Libra Oil Field Will Cost $80b to Develop
Brazil >> 9/16/2014 - Brazil's biggest oil field Libra, located off the coast of Rio de Janeiro, will cost $80 billion to develop, an executive at consortium member Total said.

Libra, in the Santos Basin, contai...
Launch of Third Stage of Samburgskoye Field of SeverEnergia
Russia >> 9/15/2014 - OAO NOVATEK announced the launch of the third stage of the Samburgskoye gas condensate field developed by SeverEnergia, a joint venture between OAO NOVATEK and OAO GazpromNeft. The launch of the third...
Petrobras Declares Commerciality of Rights Transfer Areas
Brazil >> 9/3/2014 - Petrobras submitted the declaration of commerciality for the oil and gas accumulations of Sul de Guara, Nordeste de Tupi e Florim to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP)....
Lukoil Begins Transporting Topsides for the Riser Block
Russia >> 9/3/2014 - LUKOIL has begun transporting topsides for the riser block from Astrakhan to the Vladimir Filanovsky field, which is being developed by the Company in the Caspian Sea. ...
Oryx Resumes Operations in Kurdistan Region of Iraq
Iraq >> 9/3/2014 - Oryx Petroleum Corporation Limited is providing an update for its operations in the Hawler license area of the Kurdistan Region of Iraq (Kurdistan Region). ...
ShaMaran Resumes Operations at Atrush Block in Kurdistan
ShaMaran Resumes Operations at Atrush Block in Kurdistan Iraq >> 9/2/2014 - ShaMaran Petroleum Corp. is pleased to report the resumption of drilling operations on the Atrush block in the Kurdistan Region of Iraq on August 30, 2014. Drilling operations at the Chiya Khere-8 dev...
DNO Will Stay in Iraqi Kurdistan
DNO Will Stay in Iraqi Kurdistan Iraq >> 8/21/2014 - Norwegian oil firm DNO remains committed to its operations in Iraq's Kurdistan region and will go ahead with its expansion programme at its prize Tawke field, despite the recent flare-up in violence. ...
Zagros Declares Commercial Discovery at Kurdamir
Iraq >> 8/20/2014 - WesternZagros Resources Ltd. and its co-venturer, Talisman (Block K44) B.V. (Talisman), have submitted a Declaration of Commercial Discovery (DoC) to the Kurdistan Regional Government (KRG) for the oi...
Iran Expects Progress in South Azadegan
Iran >> 8/19/2014 - Iran expects tangible progress in the development of South Azadegan oil field in the coming months, a top official said. ...
Westernzagros Provides Update on Garmian Block
Iraq >> 8/13/2014 - WesternZagros Resources Ltd. has implemented a number of precautionary measures on its Garmian Block in the Kurdistan Region of Iraq where our assets remain safe and secure. The measures are to ensure...

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