Development News

Rosneft & Beijing Enterprises Agreed on Joint Operations on Projects in East Siberia
Russia >> 6/25/2016 - Rosneft and Beijing Enterprises Group Company Limited (“Beijing Enterprises Group”) have signed Heads of Agreement for cooperation in a number of spheres. The document was signed in the presence of th...
BP Sanctions “Fast-Track” Development of Atoll Discovery
BP Sanctions “Fast-Track” Development of Atoll Discovery Egypt >> 6/20/2016 - BP announced today that together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned development of the Atoll Phase One project which is an early production scheme that will bring ...
Gazprom Neft Signs Cooperation Agreement with DeGolyer & MacNaughton
Russia >> 6/18/2016 - Gazprom Neft has entered into a cooperation agreement with the DeGolyer and MacNaughton corporation, signed at the St Petersburg International Economic Forum during a meeting between Gazprom Neft Firs...
Gazprom & RusGazDobycha Sign Term Sheet to Develop Group of Fields in Yamal-Nenets Autonomous Area
Russia >> 6/17/2016 - Alexey Miller, Chairman of the Gazprom Management Committee, and Artyom Obolensky, Director General of RusGazDobycha, today signed at the St. Petersburg International Economic Forum 2016 a Term Sheet ...
Gazprom & Indian Companies to Collaborate on Oil, Gas Projects
Russia >> 6/16/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dharmendra Pradhan, Indian Minister of Petroleum and Natural Gas, took place today at the St. Petersburg Inte...
Rosneft & Tomsk Region Signed a Cooperation Agreement
Russia >> 6/16/2016 - Rosneft Chief executive officer Igor Sechin and Governor of the Tomsk Region Sergey Zhvachkin signed a Cooperation Agreement during the XX St. Petersburg International Economic Forum. ...
Rosneft & Komi Republic Signed a Cooperation Agreement
Russia >> 6/16/2016 - Rosneft Chief executive officer Igor Sechin and Acting Head of the Komi Republic Sergey Gaplikov, have signed a cooperation agreement during the XX St. Petersburg International Economic Forum. ...
Rosneft & Russian Ministry of Economic Development Sign a Cooperation Agreement
Russia >> 6/16/2016 - Rosneft and the Russian Ministry of Economic Development signed a Cooperation Agreement at the St. Petersburg International Economic Forum. The document was signed by Rosneft CEO Igor Sechin and Russi...
Gazprom Neft to be Involved in Development of Russian Geological Prospecting Equipment
Russia >> 6/16/2016 - The Ministry of Industry and Trade of the Russian Federation, Gazprom Neft, Rosgeologia, OAO Kontsern Okeanpribor, and the JSC Marine Arctic Geological Expedition (MAGE) have used this year’s St Peter...
NOVATEK & Kostroma Region Administration Sign Cooperation Agreement
Russia >> 6/16/2016 - OAO NOVATEK and the Administration of the Kostroma Region entered into a 3-year Cooperation Agreement at the 20th Saint Petersburg International Economic Forum. Sergey Sitnikov, the Kostroma Region Go...
Lukoil Spuds First Development Well at Filanovsky Field
Russia >> 6/15/2016 - President of PJSC LUKOIL Vagit Alekperov and Governor of the Astrakhan Region Alexander Zhilkin visited Vladimir Filanovsky field in the Caspian Sea where development drilling has just begun. The well...
PDO for Oseberg Vestflanken 2 Sanctioned
Norway >> 6/14/2016 - The Ministry of Petroleum and Energy has sanctioned the Plan for Development and Operation (PDO) of Oseberg Vestflanken 2. Reserves projected at 110 million barrels of oil equivalent the investments a...
Development of Joint Oil Fields Top Priority
Iran >> 6/13/2016 - Development of joint oil and gas fields are still top priorities, newly appointed Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said on Monday. ...
Petropars, Interoil Italia, PSEEZ Agree to Develop Oilfield in Iran
Iran >> 6/11/2016 - Iran’s Petropars, the Pars Special Economic Energy Zone (PSEEZ), and Italy’s Stinnes Interoil Italia Srl has cemented a deal to develop a new oil field in southern Iran, Petropars managing director sa...
Chevron Completed the First Stage Development of Chuandongbei Project
China >> 6/7/2016 - Chevron Corporation (CVX) announced that its fully-owned subsidiary Unocal East China Sea, Ltd. has commenced natural gas production from the third train at the Chuandongbei Project in southwest China...
Possible Oil Prices Rise Insufficient to Cover Development
Algeria >> 6/6/2016 - Prime Minister Abdelmalek Sellal said that even if the prices of raw materials, including oil mainly, increase in the future, they will not be sufficient to cover the country’s economic development. ...
WesternZagros Receives Approval for Garmian Field Development Plan
Iraq >> 5/31/2016 - WesternZagros Resources Ltd. announces the approval of the Garmian Block Field Development Plan ("FDP") from the Kurdistan Regional Government ("KRG") and the submission of the Kurdamir Block FDP. Bot...
Tehran Calls for Cooperation with Kiev in Field of Energy
Ukraine >> 5/30/2016 - President Hassan Rouhani called for cooperation between Iran and Ukraine in fields of energy and transit. He made the remarks in a meeting with Ukraine’s Foreign Minister Pavlo Klimkin. ...
Range Resources Commences Beach Marcelle Waterflood
Trinidad and Tobago >> 5/30/2016 - The Company is pleased to provide an update on its waterflood projects in Trinidad with the following highlights: ...
Gas Pioneer Heimdal Turns 30
Norway >> 5/30/2016 - For 30 years the Heimdal field has been an important gas supplier to Europe and, together with Statfjord and Gullfaks, contributed to the establishment of Statpipe. Its anniversary is being celebrated...

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