Development News

Occidental Signs Agreement on Idd El Shargi North Dome Field
Qatar >> 7/15/2013 - Occidental Petroleum Corporation announced that its wholly owned subsidiary Occidental Petroleum of Qatar Ltd. (Oxy Qatar) and Qatar Petroleum have agreed on the Phase 5 Field Development Plan (FDP) o...
Iraq Offers 3 Discovered Oil Blocks to India
Iraq Offers 3 Discovered Oil Blocks to India Iraq >> 7/11/2013 - Iraq has offered three discovered oil blocks to India and has agreed to consider investing in Indian Oil Corp's 300,000 barrels per day Paradip refinery, an oil ministry statement said. ...
Gabriella License Consortium Enters Into Agreement
Israel >> 7/1/2013 - Adira Energy Ltd. is pleased to announce that its wholly owned subsidiary, Adira Energy Israel Ltd. (together with Adira Energy Ltd., Adira), has entered into a settlement and release agreement with M...
Approval of Shaikan Field Development Plan
Iraq >> 6/26/2013 - Gulf Keystone, the independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, is delighted to announce that the Field Development Plan for the Shaikan ...
Senex Commenced Worrior Oil Field Development
Australia >> 6/24/2013 - Senex Energy Limited commenced development drilling at Worrior oil field over the weekend with the spudding of Worrior-8 in southern Cooper Basin permit PPL 207 (Senex 70% and operator, Cooper Energy ...
Circle Oil Announced its Updates in NW Gemsa
Egypt >> 6/24/2013 - Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce the following update regarding the Al Amir SE Field ("AASE") and the Geyad Field i...
Total Launches Egina Development on OML 130
Nigeria >> 6/21/2013 - Total announces that its subsidiary Total Upstream Nigeria Limited (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corpo...
Gazprom Keeps Optimizing Shtokman Field Development Project
Russia >> 6/18/2013 - The Gazprom Board of Directors took note of the information concerning the progress with the Shtokman gas and condensate field development project. ...
President & Minister of Petroleum Meet Eni CEO
Venezuela >> 6/17/2013 - The President of Venezuela, Nicolas Maduro, the Minister of Petroleum of Venezuela, Rafael Ramirez, and the CEO of Eni, Paolo Scaroni, met in Rome to discuss the activities and joint projects in Venez...
NISOC to Develop Mansouri Oilfield
Iran >> 6/17/2013 - The 2nd phase of Mansouri oilfield development project contract was officially signed in center of Khouzestan Province, on June the 10the. ...
Iran, India Discuss Joint Development of Farzad B Field
Iran >> 6/8/2013 - Iran’s Oil Minister Rostam Qasemi says Tehran and New Delhi have held constructive talks on India’s partnership in the development of Farzad B gas field in the Persian Gulf. ...
Oman Govt to Award Six Oil Blocks Soon
Oman >> 6/3/2013 - Oman government is in advanced stages of negotiations with international oil giants for awarding six onshore oil and gas blocks for development on production sharing basis, even as evaluation is going...
PDVSA Receives $1.5 bln Loan from Rosneft for Carabobo
Venezuela >> 5/24/2013 - On May 23, an agreement to create a joint venture to develop heavy oil reserves in Venezuela in the framework of the Carabobo-2 project was signed in Barcelona, Venezuela, by Rosneft and the Venezuela...
InterOil & Pacific LNG to Develop Elk & Antelope Fields
Papua-New Guinea >> 5/24/2013 - InterOil Corporation and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations with ExxonMobil Papua New Guinea Ltd., a subsidiary of ExxonMobil, on the development of...
BP to Invest $2.85 Billion in Iraq’s Rumaila Oil Field
BP to Invest $2.85 Billion in Iraq’s Rumaila Oil Field Iraq >> 5/22/2013 - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters. ...
Daybreak Continues Development at California Oil Project
United States >> 5/20/2013 - Daybreak Oil and Gas, Inc., a Washington corporation, is pleased to announce the results of the third well in the currentdrilling program at the East Slopes Project in Kern County, California. The Sun...
Aminex Issues its Interim Management Statement in Tanzania
Tanzania >> 5/19/2013 - Aminex PLC (Aminex), an independent oil and gas company listed on the main market of both the London and Irish Stock Exchanges with activities primarily focused on the coastal margin of East Africa, i...
Petrofac Expects Modest Growth Hit by In Amenas Delays
Algeria >> 5/16/2013 - British oil services firm Petrofac said it expected modest growth in net profit this year after its books were hit by the shut down of the In Amenas gas plant in Algeria following an attack in January...
Turkey's State Oil Co & Exxon to Develop in Kurdistan
Iraq >> 5/14/2013 - Turkey's state-run oil firm has struck an agreement with U.S. oil giant Exxon Mobil Corp. (XOM) to develop joint projects in Kurdish-administered northern Iraq, the country's Prime Minister Recep Tayy...
Haftkel Oilfield Process Project at 67% Headway
Iran >> 5/8/2013 - The project of Haftkel oilfield processing renovation has made 67% progress up to now, announced head of NISOC Technical Affairs Department. ...

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