Development News

Iraq Government Approves Block 10 Development
Iraq Government Approves Block 10 Development Iraq >> 10/9/2012 - Russia's No.2 crude producer LUKOIL said the Iraqi government has approved the geologic exploration, development and production contract for Block 10 in the southern part of the country. LUKOIL alread...
Investing Sinai Oil is National Security
Egypt >> 10/6/2012 - Minister of Petroleum Eng. Osama Kamal said on Friday 05/10/2012 that the petroleum sector's contribution to the national plan for Sinai reconstruction and implementation of the integrated strategic v...
OMV Makes Major step Towards Energy Security in Pakistan
Pakistan >> 10/5/2012 - OMV and its joint venture partners signed the development and production lease deed for Latif gas field located in the Sindh province of Pakistan. OMV is the operator of Latif concession and holds a 3...
LUkoil & Saipem Sign Contract For Filanovsky Field
Russia >> 10/4/2012 - LUKOIL-Nizhnevolzhskneft (a wholly-owned LUKOIL subsidiary) and Saipem SPA (Italy) signed a contract for transportation and installation of production faciliteis as part of the infrastructure developm...
Iran Direct Fired Heaters Produced Domestically
Iran >> 10/2/2012 - Mehdi Fakour announced the inauguration of Sarvestan oilfield development in near future and said for the first time in the country direct fired heaters have been designed, made and installed at Sarve...
Iran and Vietnam Talk on Danan Block Development
Iran >> 10/1/2012 - By ending seismic operations at Danan block it is expected the Vietnamese side to accelerate drilling operations in the block, Iranian minister of petroleum Rostan Qasemi announced. ...
Iraq Cabinet Approves 3 Oil & Gas Deals
Iraq Cabinet Approves 3 Oil & Gas Deals Iraq >> 9/25/2012 - As part of Iraq's drive to attract investment to develop its energy sector, the cabinet has approved three oil and gas contracts awarded to foreign firms in a May auction, the government spokesman sai...
Israel Okays Development of Gaza Offshore Gas Field
Israel >> 9/23/2012 - Israel has held new talks with the Palestinians over the development of a gas field off the coast of the Gaza Strip, the Israeli foreign ministry said in a new report released. ...
Iran to Sign Development Contracts of 3 Oil and Gas Fields
Iran >> 9/23/2012 - Speaking in a regular meeting of high ranking oil industry managers with media representatives, Mohsen Khojasteh Mehr said: One aspect of oil industry strategy includes focusing on exploration in bord...
JV to Create Oil & Gas Free Zone at Khor Al-Zubair
JV to Create Oil & Gas Free Zone at Khor Al-Zubair Iraq >> 9/22/2012 - The specialized free zone will cover 11mn sqm and be located next to Iraq’s strategic oil and gas port in Khor Al-Zubair. The zone will provide a mixed-use site for manufacturing and storage and fulfi...
Maersk & QP in Talks to Extend Al-Shaheen Field Contract
Maersk & QP in Talks to Extend Al-Shaheen Field Contract Qatar >> 9/21/2012 - Denmark's Maersk Oil is in talks with Qatar Petroleum to extend a production-sharing contract for the offshore al-Shaheen oilfield by another 13 years to 2030, industry sources said. ...
Shell Again Weighs Energy Openings in Iraqi Kurdistan
Shell Again Weighs Energy Openings in Iraqi Kurdistan Iraq >> 9/21/2012 - Royal Dutch Shell is exploring possibilities in Iraqi Kurdistan, sources said, having seen rivals Exxon Mobil and Total risk Baghdad's wrath by moving into the autonomous northern region while develop...
TNK-BP Starts Development Drilling in Orenburg
Russia >> 9/17/2012 - OJSC Orenburgneft (part of the TNK-BP Group) has started development drilling in the Morgunovskoe oil field located within the Buzulukskiy license area, with total reserves of ca. 16 mln tons. Thirtee...
Civil Works Well Underway for the Start-up of Gas Production
Brazil >> 9/12/2012 - The civil works at the OGX Gas Treatment Unit (GTU) is moving ahead at a rapid pace in the Parnaiba Basin, in the interior of Maranhao. Most of the equipment manufactured in Brazil and abroad is alrea...
Exillon Energy Announces Drilling Update
Russia >> 9/11/2012 - Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (Exillon TP) and West Siberia (Exillon WS), is pleased to announce a d...
Iranian Kavian Petrochemical Plan Ready for Start up
Iran >> 9/9/2012 - Kavian petrochemical plant and first phase of West Ethylene Pipeline will come online in near future. ...
Aramco to Develop Midyan Gas Field in Saudi Arabia
Aramco to Develop Midyan Gas Field in Saudi Arabia Saudi Arabia >> 9/4/2012 - Saudi Arabian Oil Co. is developing a natural-gas field called Midyan in the northwestern part of the kingdom, citing Chief Executive Officer Khalid al-Falih. The gas will be used for power generation...
PEDEC Starts Development of Yaran Oil Field
Iran >> 9/3/2012 - Executive works at Southern Yaran oil field have been started in a bid to extract oil from the field, managing director of Petroleum Engineering And Development Company (PEDEC) said. ...
BP Plans to Invest $24b for Developing Oman's Gas Fields
BP Plans to Invest $24b for Developing Oman's Gas Fields Oman >> 9/2/2012 - British oil giant BP is expected to invest a whooping $24 billion for the first phase full-field development of its block 61 tight gas fields in north-central Oman. ...
Petrofac Wins a Production Service Contract for Arenque
Petrofac Wins a Production Service Contract for Arenque Mexico >> 8/28/2012 - Petrofac has confirmed that Petroleos Mexicanos (Pemex) has declared that it is the selected bidder for the integrated production service contract to develop the Arenque contract area, offshore Mexico...

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