Development News

Peak Oil & Gas Reaches Conditional Settlement with Cadco
Philippines >> 7/28/2014 - Peak Oil & Gas Limited holds interests in Service Contract SC6 Cadlao (SC6 Cadlao) in the Philippines which contains the Cadlao Redevelopment Project. ...
Africa Oil Likely to Seek Partner for Kenya Oil Fields
Kenya >> 7/28/2014 - Canadian explorer Africa Oil Corp. is likely to bring in a partner to help it develop oil discoveries in northern Kenya, its chief executive officer said. The firm, along side Tullow Oil, discovered o...
ANP Approves Plan to Renew Marlim Field Development Plan
Brazil >> 7/25/2014 - Brazil's oil regulator ANP approved a plan by the country's state-run oil company Petroleo Brasileiro SA to renew its development plan for Brazil's Marlim offshore oil field, one of the country's larg...
Maxim Receives Reconnaissance Contract with ONHYM
Morocco >> 7/24/2014 - Maxim Resources Inc, is pleased to announce that it has received the Reconnaissance Concession Authorization in conjunction with the Hassi Berkane Block in the Kingdom of Morocco. ...
Ecopetrol & Pacific Take Decision Concerning the Quifa SW STAR Pilot Project
Colombia >> 7/24/2014 - Ecopetrol S.A. and Pacific Rubiales Energy Corp. announced at a meeting of Ecopetrol's board of directors in which the Synchronized Thermal Additional Recovery ("STAR") pilot project being developed i...
Panoro Declared Commerciality & Award of an EEA Offshore Gabon
Gabon >> 7/21/2014 - Panoro Energy ASA is pleased to announce the signing of a Declaration of Commerciality (“DOC”) and the award of an Exclusive Exploitation Authorisation (“EEA”) by the Gabonese Authorities covering fou...
Eni Signs Agreement With Republic of Congo
Congo >> 7/20/2014 - The Congolese Minister of hydrocarbons, André Raphael Loemba, and Eni CEO, Claudio Descalzi, in the presence of President of Congo Dennis Sassou Nguesso and the Italian Prime Minister, Matteo Renzi, s...
Mubadala Petroleum Signs Cooperation Agreement with Somalia
Somalia >> 7/17/2014 - Mubadala Petroleum has signed a cooperation agreement with the Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia. ...
Petroiran Finishes Work in Forouzan Field
Iran >> 7/13/2014 - Petroiran Development Company has fulfilled its obligations for the development of Forouzan oil field which Iran shares with Saudi Arabia, a company official said. ...
Saudi Gas Development Plans Hit Hurdle
Saudi Arabia >> 7/7/2014 - Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter's efforts to exploit its huge gas reserves.

The search for g...
RWE Completes 3 Appraisal Wells in Egypt
Egypt >> 7/7/2014 - RWE Dea has completed three appraisal wells in the Egyptian Sidi Salem South East-1 and Sidi Salem South East-2 Gas Fields from March to May 2014 with the aim of de-risking reserves and reducing uncer...
Rosneft Eyes New Projects; Says "No Impact" from Sanctions
Russia >> 7/6/2014 - Russian state oil producer Rosneft will shift its focus to new projects from acquisitions, at a time when the Russian economy is grappling with U.S. and European sanctions, the country's biggest oil f...
Total Launches Edradour Development
United Kingdom >> 7/3/2014 - Total, together with its partner DONG, has decided to launch the development of the Edradour gas field in the West of Shetland area, and has in addition acquired a 60% interest in the neighboring Glen...
KrisEnergy Gives Go-ahead for Wassana Oil Development
Thailand >> 6/30/2014 - KrisEnergy Ltd has approved final investment decision for the development of the Wassana oil field in the Gulf of Thailand G10/48 licence where production is anticipated to commence in the second half...
Ivar Aasen Unit Agreement and Volume Increase
Norway >> 6/30/2014 - Det norske oljeselskap ASA (DETNOR) have signed a unit agreement for the Ivar Aasen development on the Utsira High in the North Sea with the licencees in PL001B, PL242, PL457 and PL338. Det norske is ...
Statoil Delays Johan Castberg Development Project
Norway >> 6/30/2014 - The partners in the Johan Castberg licence, comprising Statoil, Eni and Petoro, have decided to spend more time on making the final concept selection for the Johan Castberg project. ...
Foreign Oil Workers Return to Work at In Amenas Gas Plant
Algeria >> 6/28/2014 - Foreign oil workers are returning to work at Algeria's In Amenas gas plant nearly a year and a half after the Islamist militant attack there that killed 40 people, a source at Algerian state energy co...
Serinus Energy Provides Operations Update
Ukraine >> 6/27/2014 - Serinus Energy Inc, announces an update on its operations in Ukraine. ...
Maxim Signs Reconnaissance Contract for Hassi Berkane Block with ONHYM
Morocco >> 6/25/2014 - Maxim Resources has signed a Reconnaissance Contract for the Hassi Berkane Block (formerly Beni Znassen Block) in the Kingdom of Morocco. Maxim signed the Reconnaissance Contract with Mrs. Amina Benkh...
Alberta Energy Regulator Signs MOU with Mexico
Mexico >> 6/23/2014 - The Alberta Energy Regulator (AER) signed a Memorandum of Understanding (MOU) with Mexico’s energy regulator, the Comision Nacional de Hidrocarburos (CNH). The MOU formalizes an agreement to work coll...

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