Development News

Successful Development Well Drilled in Kazakh Zhana Makat Field
Kazakhstan >> 2/22/2013 - Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ZMA-A20 development well in the Zhana Makat Field has successfully reached a total depth ...
Spudding of 1st Well of Phase-III of Kharsang Field
India >> 2/19/2013 - Jubilant is pleased to announce the spudding of well KPL-3E-7 on 18 February 2013. This is the first of the planned six well Phase-III-Extension development drilling campaign in the oil producing Khar...
DOE Approves Integrated Development for Cadlao Project
Philippines >> 2/18/2013 - Raisama Energy Limited has been advised by Cadlao Development Company Limited (“Cadco”), the Operator of Service Contract SC6 (Cadlao) which contains the Cadlao Redevelopment Project, that it has rece...
Salamander Provides Bualuang Field Operational Update
Thailand >> 2/18/2013 - Salamander Energy plc announces that the first four wells of the current sixteen well development drilling programme on the Bualuang oil field, Gulf of Thailand are now in production and have been per...
BG Group Starts New Extended Well Test at Sapinhoa
Brazil >> 2/18/2013 - BG Group announced the start of a new extended well test in the Sapinhoa North area of the BM-S-9 concession in the pre-salt Santos Basin marking the delivery of another milestone in the field develop...
Tullow Provides 2012 Operational Results for Uganda
Uganda >> 2/13/2013 - Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its results for the year ended 31 December 2012. ...
Primeline Announces Approval of Development Finance
China >> 2/11/2013 - Primeline Energy Holdings Inc. is pleased to announce that it has received confirmation that the credit committee of China Development Bank (CDB) has approved in principle the project finance facility...
Nargesi Gas Injection to Start Up Soon
Iran >> 2/9/2013 - According to managing director of national Iranian south oilfields company, Nargesi gas injection project has been started up for a trial stage. ...
Gazprom Neft is Successfully Developing Tight Reserves
Russia >> 2/4/2013 - In 2013, Gazprom Neft will increase substantially the extent of its horizontal well drilling operations with multiple hydro-fracturing as part of its efforts to develop hard-to-recover reserves. ...
President Provides Operational Updates in Argentina
Argentina >> 1/30/2013 - President Energy provides an update on its operations in Argentina. ...
CNOOC Ltd 2013 Business Strategy and Development Plan
China >> 1/30/2013 - CNOOC Limited announced a summary of the company’s business strategy and development plan for the year 2013. The company's net production target of 2013 is in the range of 338 to 348 million barrels o...
Alliance Plans to Reduce Upstream Capital Expenditures
Alliance Plans to Reduce Upstream Capital Expenditures Russia >> 1/29/2013 - For 2013, Alliance Oil Company plans to further reduce upstream capital expenditures to 250-290 MUSD and focus on organic development of production assets in all regions, launching gas production in t...
Dana Gets Green Light for Development in Egypt
Egypt >> 1/29/2013 - Dana Petroleum has been given the go-ahead by the Egyptian government to further develop the Nefertiti oil field in the Gulf of Suez following the successful completion of an appraisal well. ...
Kuwait Energy Signs Contract with Iraq for Block 9
Kuwait Energy Signs Contract with Iraq for Block 9 Iraq >> 1/27/2013 - A Kuwait Energy-led consortium and the Iraqi Ministry of Oil signed the final service contract for the exploration, development and production of Basra’s block 9. ...
Mexico & Brazil Agreed to Look into Joint Projects
United States >> 1/26/2013 - Mexico and Brazil have agreed to look into establishing joint projects involving state-run energy companies Pemex and Petrobras, Mexican President Enrique Pena Nieto said. ...
OGX Declares New Commerciality in the Parnaiba Basin
Brazil >> 1/24/2013 - OGX Petroleo e Gas, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announced a declaration of commerciality for the Bom Jesus accumulation...
Lukoil in Talks Over Lebanese Shelf Project
Lebanon >> 1/23/2013 - OAO Lukoil Holdings, Russia’s No. 2 crude oil producer, is interested in developing oil on the continental shelf in the Middle East and is considering a project in Lebanon, Chief Executive Vagit Alekp...
BP Gives Update on the In Amenas JV Gas Facility
BP Gives Update on the In Amenas JV Gas Facility Algeria >> 1/22/2013 - BP gave a further update on the situation following the terrorist attack on the In Amenas joint venture gas facility in Algeria on Wednesday 16 January. ...
Impact of Amenas Crisis on Algeria O&G Industry
Impact of Amenas Crisis on Algeria O&G Industry Algeria >> 1/22/2013 - About 40 jihadist fighters raided Amenas gas development site located in the Illizi basin close to the Libyan border. While some hostages escaped in the early stages of the crisis, hopes soon faded fo...
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 ...

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