Development News

Work on Banyu Urip Development is 87% Complete
Indonesia >> 4/28/2014 - Bojonegoro, The oil and gas development project of Banyu Urip, Cepu Block located in Bojonegoro, East Java, has reached 87 percent until the third week of April 2014. With the existence of early produ...
PNG Government Approved Stanley Development Project
Papua-New Guinea >> 4/14/2014 - Horizon Oil is pleased to advise that the Hon. Nixon P. Duban, PNG’s Minister for Petroleum and Energy has formally notified the Company of the decision of the PNG National Executive Council (NEC) to ...
Congo Republic State Oil Firm Seeks to Revive Oilfields
Congo >> 4/11/2014 - Republic of Congo's state oil company SNPC said it hopes to develop a strategy to pump more oil from fields under-exploited by foreign investors as part of a plan to revive oil production. ...
GDF SUEZ Signs a MOU with PEMEX in Mexico
Mexico >> 4/11/2014 - On the occasion of the visit of a French government delegation to Mexico, Gerard Mestrallet, Chairman and CEO of GDF SUEZ, signed a Memorandum of Understanding and Cooperation with Emilio Lozoya, Chai...
Xcite Enters into MOU with AMEC & ARUP for Bentley Field Development
United Kingdom >> 4/9/2014 - Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited ("XER"), has entered into a Memorandum of Understanding ("MOU") with AMEC Group Limited ("AMEC") and Ove Arup & Partners...
West Australia Sets Conditions for Renewing Browse Gas Leases
Australia >> 4/7/2014 - The Western Australian government said it will only renew two leases in the Browse LNG development if the partners set up a supply base onshore in the state and set aside some gas for industrial use i...
Shell Pulled out of Gas Field Talks in Ukraine in January
Ukraine >> 3/19/2014 - International energy major Royal Dutch Shell decided to break off talks over participation in the development of an offshore gas field in Ukraine in January, a company spokeswoman said. ...
JKX Completes Its 2nd Development Well in the Elizavetovskoye Field
Ukraine >> 3/17/2014 - JKX Oil & Gas plc is pleased to announce the completion of its second development well in the Elizavetovskoye field, Ukraine. ...
Indonesian Regulator Says Chevron Gas Project Delayed
Indonesia >> 3/13/2014 - Chevron's multi-billion dollar Indonesia Deepwater Development (IDD) gas project is facing a delay of up to 18 months, the country's oil and gas regulator (SKKMigas) said. ...
RWE Continues Successful Development of Gas Resources in Egypt
Egypt >> 3/13/2014 - The development of RWE Dea’s natural gas project Disouq in the Egyptian Nile Delta is progressing successfully. The company confirmed another positive appraisal of the North West Khilala (NWK) Gas Fie...
WesternZagros Converting KRG Discoveries to Light Oil
Iraq >> 3/13/2014 - Following approval of its declaration of commerciality by the Kurdistan Regional Government (KRG), WesternZagros Resources Ltd. is moving to develop the first of its two significant light oil discover...
BP Awarded EPCM Contract to Jacobs
BP Awarded EPCM Contract to Jacobs Oman >> 3/4/2014 - Jacobs Engineering Group Inc. was awarded a contract by BP for process and infrastructure work on the greenfield Khazzan project in the Sultanate of Oman. ...
Mart Increases Term Loan Facility to $175m
Nigeria >> 2/27/2014 - Mart Resources, Inc is pleased to announce that it has, through its wholly-owned Nigerian subsidiary, arranged to increase its existing secured term loan credit facility with Guaranty Trust Bank PLC f...
Antrim Updates Fyne Field Development
United Kingdom >> 2/25/2014 - Antrim Energy Inc., a Canada-based international exploration and production company, is pleased to announce that the UK Department of Energy and Climate Change ("DECC") has agreed to amend the terms o...
Ophir Provides Update in Equatorial Guinea
Equatorial Guinea >> 2/20/2014 - Ophir Energy plc is pleased to provide an update on progress with regards to the proposed development of the Company’s gas resources in Equatorial Guinea. ...
Algeria Invites Gazprom, Lukoil to Jointly Develop Oil & Gas
Algeria >> 2/19/2014 - Algeria, with Africa’s second biggest gas reserves, has asked Russia’s Gazprom and Lukoil to tender for the joint development and exploration of some of the 30 fields that make up a fifth of the count...
Drilling Commencement of Development Well Tmt-59
Indonesia >> 2/17/2014 - Interra Resources Limited wishes to inform shareholders that its wholly owned subsidiary, Goldwater TMT Pte. Ltd. (GTMT), has commenced drilling development well TMT-59 at the Tanjung Miring Timur (TM...
Interra Completes Development Well CHK 1179 in the Chauk Field
Myanmar >> 2/17/2014 - Interra Resources Limited wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (“Goldpetrol”), has completed development well CHK 1179 in the Chauk...
Statoil Selects Concept for the Johan Sverdrup field
Norway >> 2/13/2014 - Statoil and the partners in the Johan Sverdrup field have decided on a concept for the first development phase. The partners have agreed on a field centre consisting of four installations and power fr...
Eni’s Strategic Plan in 2014 - 2017
Libya >> 2/13/2014 - Paolo Scaroni, Eni CEO, presented the company’s 2014-2017 Strategic Plan to the financial community. In what is expected to remain a very difficult market context, Eni’s strategy is based on selecti...

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