Development News

TNK-BP Invested $233M in Rospan Development in 2012
Russia >> 1/21/2013 - TNK-BP informs that the cumulative gas production of CJSC ROSPAN INTERNATIONAL (a TNK-BP Group company) amounted to 30 bcm. According to the preliminary estimates, the company produced 3.5 bcm of gas ...
Qatar Seeks to Develop its Offshore Fields
Qatar >> 1/21/2013 - Qatari Minister of Energy and Industry Mohammad Al-Sada said his country was seeking to double its production from the Bulhanin offshore oilfield from 45,000 barrels per day (bpd) to 90,000 bpd. ...
IOOC Developing Gas Layer of Balal Oilfield
Iran >> 1/20/2013 - Iranian Offshore Oil Company (IOOC) plans to develop gas layer of Balal oil field. ...
Khesht Oilfield to Come on Stream Next Year
Iran >> 1/20/2013 - Mehdi Fakour managing director of the Iranian Central Oil Fields Company expressed satisfaction with the development of Khesht oilfield and said the field is to be operational next year. ...
Iraqi Kurds Defend Oil Policy, Reject BP Kirkuk Deal
Iraq >> 1/18/2013 - Iraq's Kurdistan has defended its oil policy as constitutional, and rejected a deal between Baghdad and BP for an oilfield in the disputed city of Kirkuk as an "illegal" step in the autonomous region'...
BP Moves to Front Line of Iraq-Kurdistan Stand-Off
BP Moves to Front Line of Iraq-Kurdistan Stand-Off Iraq >> 1/17/2013 - BP's deal to develop an Iraqi oilfield that straddles the border with the autonomous Kurdish region puts it in the front line of a sectarian stand-off, in which rivals and its former CEO have chosen t...
Iraq & BP Considering Kirkuk Field Deal
Iraq >> 1/17/2013 - Iraq is considering a multibillion-dollar deal with U.K. oil major BP PLC to double the output from the Kirkuk oil field, a senior Iraqi oil official said. The field is one of the country's largest re...
Algeria Hostage Toll Rises with Japanese Deaths
Algeria Hostage Toll Rises with Japanese Deaths Algeria >> 1/17/2013 - The hostage death toll from a four-day siege at an Algerian gas plant deep in the Sahara has risen to almost 60, with at least nine Japanese nationals also reported killed in an attack claimed by a ve...
Emergency Situation at In Amenas Facility in Algeria
Emergency Situation at In Amenas Facility in Algeria Algeria >> 1/16/2013 - On Wednesday morning Norwegian time Statoil was notified of a serious situation involving an attack on the In Amenas gas production facility in Algeria. Statoil will provide additional information whe...
NATSD Showcases Technology
NATSD Showcases Technology Saudi Arabia >> 1/16/2013 - The Northern Area Technical Services Department (NATSD) recently hosted a two-day exhibition in Tanajib where state-of-the-art technology and innovative developments in the oil and gas industry were o...
Lukoil Wants Chinese Partner for West Qurna Phase 1
Lukoil Wants Chinese Partner for West Qurna Phase 1 Iraq >> 1/15/2013 - Russian company LUKOIL would like a Chinese firm to succeed Norwegian group Statoil as its partner in an Iraqi oil field, meaning there would be a ready buyer for crude produced there. ...
TNK-BP Invests $3 Billion in Verkhnechonskoe Field
Russia >> 1/11/2013 - TNK-BP informs that the cumulative investment in the development of the Verkhnechonskoe field amounted to approximately 90 billion rubles. In 2012, the Company increased its investment in the project ...
Shelton to Commence Development Program on Rustamovskoye
Russia >> 1/9/2013 - In November Shelton Petroleum contracted a drilling company to drill up to two new wells in the first stage of the development program on the Rustamovskoye oil field in Bashkiria. The drilling rig has...
Petrobras Declares Commerciality for Aruana & Oliva Accumulations
Brazil >> 1/3/2013 - On December 28th, Petrobras submitted the Declarations of Commerciality to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) for the oil and gas accumulations of the Aruana and Oliva ...
Lebanon Approves First Offshore O&G Licensing Round
Lebanon >> 12/27/2012 - Lebanon authorized its first offshore oil and natural gas licensing round at a cabinet meeting as the nation sought to catch up with neighbors Israel and Cyprus in developing fuel reserves. ...
Bidding for Saudi Midyan Gas Field Extended Again
Bidding for Saudi Midyan Gas Field Extended Again Saudi Arabia >> 12/23/2012 - Saudi Aramco has extended the deadline to bid for the development of the Midyan gas field by three weeks to January, two industry sources said. ...
Gazprom to Arrange Pre-Development of Chayandinskoye and Kovyktinskoye Fields
Russia >> 12/20/2012 - The Gazprom Board of Directors approved the Company's activities to arrange pre-development of the Chayandinskoye and Kovyktinskoye fields and took notice of the information regarding their developmen...
A First Crude in Payment for Halfaya Field Developing
Iraq >> 12/18/2012 - China National Petroleum Corp (CNPC), the country's top oil and gas producer, has received its first cargo of crude oil as payment for helping to develop Iraq's Halfaya oilfield, the company said. ...
BP Invited Back to Bid in Abu Dhabi Oil Concession
United Arab Emirates >> 12/13/2012 - U.K. based energy giant BP PLC has been invited back to bid for a renewal of its stake in Abu Dhabi's oil concession and the Abu Dhabi National Oil Co., or ADNOC, aims to announce a shortlist of bidde...
Field Development Plan for Blocks 3 & 4
Oman >> 12/12/2012 - Tethys is pleased to report that the Ministry of Oil and Gas of the Sultanate of Oman has approved the Field Development Plan for Blocks 3 and 4, and consequently the declaration of commerciality wher...

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