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Middle East Oil & Gas News

Iraq Plans Offshore Oil and Gas Exploration to Boost Reserves
Iraq >> 2/27/2017 - Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation's reserves, Oil Minister Jabar al-Luaibi said in a statement. Luaibi said he “gave guidance to the Oil Exploration C...
Iraq Ministry of Oil Extinguishes the Well No.58 in Qayara Oil Field
Iraq >> 2/27/2017 - The ministry of oil declared for the extinguishing of the well No.58 in Qayara oil field. The spokesman of the ministry Mr. Assim Jihad said that the technical and engineering staff of the north oil c...
Iraq Signs $500 million Electricity Deal with ABB
Iraq >> 2/26/2017 - Iraq signed a $500 million agreement with ABB to implement energy projects, Prime Minister Haider al-Abadi's office said in a statement. ...
Qatar Petroleum Says QAPCO to Operate QVC
Qatar >> 2/26/2017 - Qatar Petroleum (QP) announced a plan to integrate the activities of Qatar Vinyl Company (QVC), which is part of Mesaieed Petrochemical (listed in Qatar Stock Exchange), into Qatar Petrochemical Compa...
Bombs Target Oil Pipeline in Iraq's Kirkuk, One Killed
Iraq >> 2/25/2017 - Four bombs went off near a minor pipeline from an oilfield close to the northern Iraqi city of Kirkuk, security and oil industry sources said. ...
Qatari Al-Shaheen Crude Loading Delays Seen in Feb-March 2017
Qatar >> 2/24/2017 - Supply disruptions at Qatar's largest offshore oilfield al-Shaheen are expected to last until April as at least three lifters have been notified of loading delays in February and March, three trade so...
Iraq Ministry of Oil Declares a New Investment Refinery in Basra
Iraq >> 2/23/2017 - The ministry of oil would like to announce for the offering of a new investment refinery in Basra province – Faw city with a capability of 300 thousand barrels/ day and capable of being extended to pr...
Siemens to Supply Five Large Gas Turbines to Saudi Arabia
Saudi Arabia >> 2/23/2017 - Siemens has received an order for five F-class gas turbines for a combined heat and power (CHP) plant in the Kingdom of Saudi Arabia. With an electrical generating capacity of about 1,500 megawatts (M...
Lukoil and Inpex Successfully Complete Well Test at Block 10
Iraq >> 2/22/2017 - LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq. The well recorded daily flow rate of more than 1,000 cubic meters of swee...
Saudi Aramco in Lead to Buy OMV's Turkish Unit Petrol Ofisi
Saudi Arabia >> 2/22/2017 - Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV , sources familiar with the matter said. Saudi Aramco has place...
ADNOC Signs 10-year Deal for sale of 528,000 tonnes of LPG p/a to Vitol
United Arab Emirates >> 2/22/2017 - The Abu Dhabi National Oil Company, ADNOC, has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 year...
Rosneft and KRG Signed an Oil Deal
Iraq >> 2/21/2017 - Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the I...
Iraq & Iran Signs MOU for Joint Cooperation
Iraq >> 2/21/2017 - Mr. Jabbar A. Allibi the minister of oil signed a memorandum of understanding with his Iranian counterpart Mr. Beigin Zangana to establish joint committees to finish some of the important cases. ...
Delek Signs Agreement for Leviathan Financing
Israel >> 2/21/2017 - Delek Group announces that further to immediate report dated November 27, 2016 (Ref No. 2016-01-132058), with regard to a signature of a Commitment Letter for the signing of a financing agreement, the...
Kuwait to Raise Oil Output Capacity to 4.75 mln bpd by 2040
Kuwait >> 2/21/2017 - OPEC-member Kuwait plans to raise its oil production capacity to 4.75 million barrels per day (bpd) by 2040 as part of a strategy to expand its downstream investments, Kuwait state news agency reporte...
Pre-feasibility Study for Oman Fertilizer Project Under Way
Oman >> 2/21/2017 - Pre-feasibility studies are under way aimed at assessing the viability of establishing a commercial-scale fertilizer project in the Sultanate utilising potentially substantive potash deposits in the U...
Saudis Plans $50b Renewable Energy Projects to Cut Oil Use
Saudi Arabia >> 2/21/2017 - Saudi Arabia is kicking off its $50 billion renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing energy demand. ...
Iraq's Oil Reserves Increase to 153 Billion Barrels
Iraq >> 2/20/2017 - Mr. Jabbar A. Allibi the minister of oil declared for the elevation of the Iraqi reserves to (153) billion barrels. Mr. Allibi said that the exploration & reservoir activities in (7) oil fields in the...
Rosneft Started Drilling of the First Exploration Well in Iraq
Iraq >> 2/20/2017 - The company of Rosneft group started drilling of the first exploration well at the Block 12 in the Republic of Iraq. Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine...
Iraq, Iran Consider Building Pipeline to Export Kirkuk Crude
Iraq >> 2/20/2017 - Iraq and Iran signed a memorandum of understanding to study the construction of a pipeline to export crude oil from the northern Iraqi fields of Kirkuk via Iran, the Iraqi oil ministry said in a state...
Iraq Ministry of Oil Extinguishes the Well No.77 in Qayara Oil Field
Iraq >> 2/20/2017 - The ministry of oil declared for the extinguishing of the well No.77 in Qayara oil field. The spokesman of the ministry Mr. Assim Jihad said that the technical and engineering staff of the north oil c...
Bechtel Awarded National Project Management Contract in Saudi Arabia
Saudi Arabia >> 2/20/2017 - Bechtel, a global leader in engineering, procurement, and construction, has been awarded a contract to support setting up and operating the National Project Management Organization (NPMO) in Saudi Ara...
Abu Dhabi Awards China's CEFC 4 pct of Oil Concession for $900 mln
United Arab Emirates >> 2/20/2017 - Abu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi National Oil Co (ADNOC) said. ...
Middle East to Invest $294b in Oil and Gas Projects
Oman >> 2/19/2017 - Oil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....
ADNOC Awards CNPC Stake in ADCO Onshore Concession
United Arab Emirates >> 2/19/2017 - Abu Dhabi National Oil Company (ADNOC), signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a s...
Saudi Oil Pipeline Leak Causes One Death, Three Injuries
Saudi Arabia >> 2/18/2017 - An oil leak in a Saudi Aramco pipeline in eastern Saudi Arabia caused one death and three injuries, a Saudi newspaper said. ...
Iraq Plans to Acquire 'Large Fleet' of Oil Tankers
Iraq >> 2/17/2017 - Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement. ...
Lamprell Delivers New NDC Jack-up Drilling Rig
United Arab Emirates >> 2/17/2017 - Lamprell, a leading provider of diversified engineering and contracting services to the energy industry, announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”,...
CGG Completes Industry-First FalconPlus Survey for Bapco
Bahrain >> 2/16/2017 - CGG has completed the acquisition and processing of the first ever Airborne Gravity Gradiometry (AGG) survey of the Kingdom of Bahrain. Conducted on behalf of the Bahrain Petroleum Company (Bapco), th...
Oman Considers Taking Early Payments for Oil to Avoid New Debt
Oman >> 2/16/2017 - The government of Oman is considering financing structures that let it get advance payments from oil traders, reducing the government's need to borrow more money from banks, sources familiar with the ...
Abu Dhabi's New $125 bln Fund to Start Operating in May 2017
United Arab Emirates >> 2/16/2017 - A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate's biggest funds, is expected to start operating in May, its chief executive said. ...
Kerogen Capital Invests in Energean Israel
Israel >> 2/15/2017 - Energean Oil & Gas is pleased to announce that Kerogen Capital has committed to invest an initial US$50 million in Energean Israel, a subsidiary of Energean, ahead of the planned $1.3 billion developm...
Tethys Oil: Correction of Export Error Affects Revenue and Result Negatively
Oman >> 2/14/2017 - Tethys Oil has been informed by the operator of Block 3 and 4, that due to an inadvertent fiscal metering calibration problem, an over-reporting of exported oil from Blocks 3 and 4 during the period A...
Dana Gas Says Wins Court Judgement in Kurdistan Dispute
United Arab Emirates >> 2/14/2017 - United Arab Emirates energy firm Dana Gas, one of the largest investors in Iraq's Kurdistan region, said it had won a judgement against the Kurdistan Regional Government (KRG) at a London tribunal. ...
ABB Delivers Substation to Enable Power Flow from Solar Park
United Arab Emirates >> 2/14/2017 - ABB has successfully energized a major substation that will help evacuate power from the Mohamed Bin Rashid Al Maktoum (MBR) Solar Park, a key element of the vision to generate 7 percent of Dubai’s po...
Genel Energy Provides Update on Miran and Bina Bawi Fields
Iraq >> 2/13/2017 - Genel Energy plc has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts (‘PSC’s) and Gas Lifting Agreements (‘GLA’s) for both the Miran and Bina Ba...
Kuwait's KPC to Spend 35B dinars on Oil Projects in 5 Years
Kuwait >> 2/13/2017 - Kuwait Petroleum Corp (KPC) expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next five years, its chief executive officer said, adding 30 percent of the amount would be for l...
Hyflux Signs MOU to Develop Three Desalination Plants in Saudi Arabia
Saudi Arabia >> 2/13/2017 - Hyflux Ltd, through its wholly-owned subsidiary Hydrochem Saudi Limited, signed a Memorandum of Understanding (MOU) with the state-owned Saline Water Conversion Corporation (SWCC) following a public ...
Oxy Welcomes OOCEP’s 45 per cent Interest in Oman Block 9
Oman >> 2/11/2017 - US-based international oil and gas producer Occidental Petroleum Corporation (Oxy) says it is optimistic about growth prospects across its substantial operations in the Sultanate, most notably in Bloc...
Abu Dhabi Seeks over 240,000 T Gasoline after Recent Fire
United Arab Emirates >> 2/10/2017 - Abu Dhabi National Oil Co (ADNOC) is seeking over 240,000 tonnes of gasoline for March to April to plug a supply shortfall following a fire that shut half of the capacity at its oil refinery recently,...

Africa Oil & Gas News

Nigerian Court to Rule on Shell & ENI Dispute with Authorities
Nigeria >> 2/28/2017 - A Nigerian court will rule on March 13 on a request by Royal Dutch Shell and Italy's Eni to lift the temporary seizing of a long-disputed oilfield, a judge said. The court last month ordered the tempo...
AfDB President Explores Power Supply Projects in Sudan
Sudan >> 2/28/2017 - On Tuesday, February 27, 2017, Akinwumi Adesina, President of the African Development Bank (AfDB), visited Garri Power Station located in Khartoum and discussed the Government of Sudan’s planned power...
Equatorial Guinea Extends Bidding Period for EG Ronda 2016 Round
Equatorial Guinea >> 2/27/2017 - The Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the official closing date of the EG Ronda Licensing Round to April 28, 2017. Responding to a wave of new exploration interest, ...
Total Sells Interests in Mature Fields to Perenco
Gabon >> 2/27/2017 - Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities.This agree...
SEFA Commits Close to US $1 Million to Energy Access in Gambia
Gambia >> 2/27/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investme...
Aminex Commences Testing Ntorya-2 Well
Tanzania >> 2/27/2017 - Further to the announcement of 6 February 2017, the Company confirms that production testing on the recently drilled Ntorya 2 appraisal well commenced on Saturday 25 February 2017 and gas is flowing t...
Algeria's Hassi Messaoud Field Caps Output in Line with OPEC Agreement
Algeria >> 2/24/2017 - Algeria's biggest oilfield Hassi Messaoud is currently capping production at 430,000 barrels per day to keep it in line with OPEC's agreement to cut output, a Sonatrach official said late on Thursday....
Iraq to Supply Egypt with 1 million barrels monthly
Iraq to Supply Egypt with 1 million barrels monthly Egypt >> 2/23/2017 - The Iraqi Oil Marketing Company SOMO has signed a contract for oil exports with the Egyptian government. The company forwarded the contract to the Petroleum Ministry for final approval. ...
Cairn Energy Reaches TD at SNE-5 Appraisal Well
Senegal >> 2/23/2017 - Drilling of the SNE-5 well, the fifth to appraise the SNE oil field offshore Senegal has reached a Total Depth of 2,852m below the mud line. A wireline logging and sampling program has been completed ...
Kosmos Energy Completes Transaction with BP in Senegal
Senegal >> 2/23/2017 - Kosmos Energy has received government approval and completed its previously announced transaction with BP in Senegal. Under the terms of the deal, BP acquired a 49.99 percent interest in Kosmos BP Sen...
Soma Oil & Gas Executive Quits to Become Somalia's Prime Minister
Soma Oil & Gas Executive Quits to Become Somalia's Prime Minister Somalia >> 2/23/2017 - Soma Oil & Gas announces the resignation of Hassan Khaire, our Executive Director for Africa, so he can accept the honour of serving his country of origin, Somalia, as its Prime Minister. Mr Khaire ha...
ABB to Co-Develop Cutting-Edge Grid Software
Swaziland >> 2/23/2017 - ABB has invested in Enbala Power Networks, a leading developer of software for managing power distribution networks. The investment was made through ABB’s venture capital unit, ABB Technology Ventures...
Chevron & Angola Government in Tax & Investment Talks
Angola >> 2/22/2017 - U.S. energy company Chevron is in talks with the Angolan government and state oil firm Sonangol to revise tax terms and any future investment will hinge on those talks, a senior company official was q...
Panoro Enters into Definitive Sale & Purchase Agreement on Dussafu
Gabon >> 2/22/2017 - Panoro Energy ASA (Panoro) is pleased to announce that on 21 February 2017 its fully-owned subsidiary, Pan-Petroleum Gabon B.V. (PPGBV), has entered into a definitive Sale and Purchase Agreement (the ...
Fugro Awarded Seabed Survey Contract Offshore Kenya
Fugro Awarded Seabed Survey Contract Offshore Kenya Kenya >> 2/21/2017 - Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration programme that w...
Rosneft Signs Libya Oil Deal as More Investors Return to Country
Libya >> 2/21/2017 - Rosneft PJSC signed investment and crude-purchasing agreements with Libya’s National Oil Corp. as more international companies return to the North African country to gain access to Africa’s largest re...
Eland Oil & Gas Provides Update on Nigeria Operations
Nigeria >> 2/21/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce that since the last announcement made by the Com...
Minister of Petroleum in Talks with the Chinese Corp. Sinopec
Minister of Petroleum in Talks with the Chinese Corp. Sinopec Egypt >> 2/20/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Wang Yupu, Chairman of the Board of Directors of the Chinese National Group, Sinopec Corp. and the accompanying delegation in ...
Sound Energy Commences Drilling of TE-8 Well
Morocco >> 2/20/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to confirm the commencement of drilling at the third Tendrara well, onshore Morocco. ...
Sound Provides Update on Proposed Acquisition
Morocco >> 2/20/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce, further to the Company's announcement of 19 January 2017, that it has entered into binding agreements with ...
LEKOIL Starts Continuous Production at Otakikpo
Nigeria >> 2/20/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce that further to the announcement on 8 December 2016, the six kilometre offshore p...
Chariot Awarded Kenitra Offshore Exploration Permit
Morocco >> 2/16/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has b...
Solo Oil Announces Placing to Raise £2 Million
Tanzania >> 2/16/2017 - The Directors of Solo Oil plc has raised £2,000,000 (before expenses) through a Company sponsored placing (the "Placing") of 400,000,000 new ordinary shares of 0.01p (the "Placing Shares") at a price ...
The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC)
Zambia >> 2/16/2017 - The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC) supported and endorsed by the Government andthe Chamber of Mines, Zambia,will take place once again in Lusaka, from ...
NOC Libya to Showcase Investment Opportunities at NAPEC2017
Libya >> 2/15/2017 - Libya's National Oil Corporation (Libya NOC) is working on restoring its oil and gas production capacity to the same level prior to the Arab Spring, and plans to discuss partnerships with oil service ...
Moulay Bouchta Extension Confirmed
Morocco >> 2/15/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, announces that its subsidiary, Gulfsands Petroleum Morocco Limited ("GPML"), has been awarded ...
MX Oil Intends to Undertake a Placing to Raise £5,000,000
Nigeria >> 2/15/2017 - MX Oil, the AIM quoted oil and gas investing company, announces its intention to undertake a placing to raise approximately £5,000,000 (before expenses) through the issue of new ordinary shares in the...
TMC Awarded Air Compressors Contract to FLNG Hilli
TMC Awarded Air Compressors Contract to FLNG Hilli Cameroon >> 2/14/2017 - International compressor supplier Tamrotor Marine Compressors (TMC) has been awarded a contract by Golar LNG to supply the offshore market’s most energy efficient compressed air system to the Hilli FL...
Italy's Eni to Start Production in Egypt by End of 2017
Italy's Eni to Start Production in Egypt by End of 2017 Egypt >> 2/14/2017 - Italian oil and gas company Eni said on Tuesday that Zohr oil field, which the company discovered in 2015, will enter production before end of year, Eni's chief executive said at an oil conference in ...
Egypt Nearing Deal with Iraq in Search for Crude Oil Imports
Egypt Nearing Deal with Iraq in Search for Crude Oil Imports Egypt >> 2/14/2017 - Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said. ...
Oil Companies Bullish on Egypt, Eyeing More Investment, Discoveries
Oil Companies Bullish on Egypt, Eyeing More Investment, Discoveries Egypt >> 2/14/2017 - Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that ENI's giant Zohr gas discovery has put its Mediterranean waters on th...
BOURBON Wins First Pipelay EPCI Contract for Hylia Project
BOURBON Wins First Pipelay EPCI Contract for Hylia Project Gabon >> 2/14/2017 - BOURBON announces its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6” rigid pipeline as part of the Hylia Water Injection P...
Nigeria to Offer Work for Illegal Refiners in Quest for Peace
Nigeria >> 2/14/2017 - Nigeria needs to offer work to people who make a living from illegally refining oil in the Niger Delta in order to achieve peace there, the African oil-producing nation's Vice President Yemi Osinbajo ...
Nigeria Declares Pollution in Southern City an Emergency
Nigeria >> 2/14/2017 - Nigeria declared an air pollution emergency in a major southern city and closed an asphalt plant there after residents complained about the fumes from its furnaces, in a country plagued by corruption ...
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt Egypt >> 2/13/2017 - Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore ...
TOTAL, Schlumberger, SNEPCo, First E & P, SEPLAT, NCDMB and NAPIMS Confirm Speakers for WAIPEC 2017
TOTAL, Schlumberger, SNEPCo, First E & P, SEPLAT, NCDMB and NAPIMS Confirm Speakers for WAIPEC 2017 Nigeria >> 2/13/2017 - The Petroleum Technology Association of Nigeria (PETAN) has announced the first set of speakers to feature on the programme at the West African International Petroleum Exhibition and Conference 2017 (...
7thNorth Africa Petroleum Exhibition & Conferences (NAPEC) 2017
Algeria >> 2/12/2017 - Libya's National Oil Corporation (Libya NOC) is working on restoring its oil and gas production capacity to the same level prior to the Arab Spring, and plans to discuss partnerships with oil service ...
Cobalt Announces Closing of DOJ Investigation
Angola >> 2/9/2017 - Cobalt International Energy, Inc. (Cobalt) has received a letter from the United States Department of Justice (DOJ) advising Cobalt that the DOJ has closed its FCPA investigation into Cobalt’s operati...
Dana Gas Freezes Egypt Investments over Debts
Dana Gas Freezes Egypt Investments over Debts Egypt >> 2/9/2017 - Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, the chief executive of the United Arab Emirates company said. ...
AMOC to Offer 10-20% of Shares in Secondary Listing
AMOC to Offer 10-20% of Shares in Secondary Listing Egypt >> 2/9/2017 - Alexandria Mineral Oils Co (AMOC) plans to offer 10-20 percent of its shares in a secondary stock market listing as well as 10 percent as Global Depositary Receipts listed in London, its chairman said...

Asia Oil & Gas News

NISOC Signed MOU with Iranian Company
Iran >> 12/2/2017 - A memorandum of understanding between National Iranian South Oilfields Company and Toseh Energy Naft Novin Afagh Kish Company, according to new model of contracts was signed in Ahvaz. ...
Petronas, Aramco Sign SPA for Equity Participation on RAPID Refinery
Malaysia >> 2/28/2017 - The Saudi Arabian Oil Company (Saudi Aramco) and Petroliam Nasional Berhad (PETRONAS) signed a Share Purchase Agreement (SPA), allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petr...
Yurubcheno-Tokhomskoye Field to Produce 0.8 million Tonnes of Oil in 2017
Russia >> 2/28/2017 - Oil production at the Yurubcheno-Tokhomskoye oil field, which is expected to be launched later this year by Russia's largest oil producer Rosneft, is expected to produce 800,000 tonnes of oil in 2017,...
Philippines Needs China Ties Clarity To Lift S China Sea Exploration Halt
China >> 2/27/2017 - The Philippines is waiting for clarity on its relations with China before lifting a suspension on exploration in disputed areas in the South China Sea, its energy minister said on Monday. ...
Total in Talks to Buy Stake in Iranian LNG Project
Iran >> 2/27/2017 - Total is reported to be in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. ...
Japan Economy – February 2017
Japan Economy – February 2017 Japan >> 2/27/2017 - The Japanese economy continues to experience good growth momentum after a period of declining indicators in past months. It remains to be seen if the momentum continues and is sustainable. But the com...
Roxi Petroleum Announces Proposed Merger in Respect of the Company's Eragon Assets
Kazakhstan >> 2/27/2017 - Roxi Petroleum, the Central Asian oil and gas company, with a focus on Kazakhstan, has announced that it will shortly be posting to Shareholders a Circular regarding a proposed merger in respect of th...
Gazprom & United Heavy Machinery Plants to cooperate in Constructing Slavyanskaya CS
Russia >> 2/27/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, and Mikhail Smirnov, Chief Executive Officer of United Heavy Machinery Plants (OMZ), signed an Agreement of Cooperation at the Russian Inve...
New Gas Industry Technology Association Joins INTERGAZCERT Voluntary Certification System
Russia >> 2/27/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, and Ruslan Goryukhin, Chief Executive Officer of the New Gas Industry Technology Association of Equipment Manufacturers, signed at the Russ...
First Loading of Pellets of JSC Bionet
Russia >> 2/27/2017 - On February, 27 first commercial shipment of industrial fuel pellets have been dispatched by Bionet (part of Gazprombank Group). ...
Iranian President Visited Amak
Iran >> 2/26/2017 - During his visit to southwestern province Khuzestan, Iran’s President Hassan Rouhani visited the AMAK plan, the largest environmental project of the country in oil and gas sector. ...
Malaysia's Petronas, Saudi Aramco to Sign Agreement during Saudi King's Visit
Malaysia >> 2/24/2017 - Malaysia's state-owned oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco IPO-ARMO.SE will sign an agreement during a visit by Saudi Arabia's King Salman to Malaysia, Prime Minister Najib Raz...
SOCAR Tower Earns National Recognition Award of American Council of Engineering Companies
Azerbaijan >> 2/23/2017 - SOCAR Tower, has earned a National Recognition Award in the American Council of Engineering Companies (ACEC) 2017 Engineering Excellence Awards (EEA) competition - “The Academy Awards of the engineeri...
Jiangsu Sailboat Petrochemicals Company Starts Honeywell UOP Methanol-To-Olefins Unit
China >> 2/23/2017 - Honeywell (HON) announced that Jiangsu Sailboat Petrochemical Company, Ltd. started its UOP Advanced Methanol-to-Olefins (MTO) unit during a 10-day test to confirm successful operation. When the full ...
China's Soaring LNG Demand To Help Rein In Global Glut
China >> 2/23/2017 - China's soaring demand for liquefied natural gas (LNG) is sparking industry hopes that a supply overhang causing a slump in prices will end sooner than initially anticipated. ...
Marubeni to Acquire Stakes in the Largest Distributors of Feed Additives in Europe
Japan >> 2/23/2017 - Marubeni Corporation (“Marubeni”) has reached an agreement to acquire a 60% stake in Dutch feed additive distributor Orffa International Holding B.V. (“Orffa”). Orffa is one of the largest companies o...
InterOil Completes ExxonMobil Transaction
Papua-New Guinea >> 2/23/2017 - InterOil Corporation (IOC) announced the completion of the previously announced transaction with Exxon Mobil Corporation (XOM). Under the terms of the transaction, ExxonMobil acquired all of the outst...
SOCAR Receives Japanese Delegation
Azerbaijan >> 2/22/2017 - SOCAR received Japanese delegation who are in Baku to attend the 9th meeting of the Japan-Azerbaijan Economic Cooperation Committee. ...
NISOC & MAPNA Inked MOU
Iran >> 2/22/2017 - A memorandum of understanding between National Iranian South Oilfields Company and MAPNA Industrial Group was signed in Ahvaz. According to this contract, 3 reservoirs of Karanj , Parsi and Rag Sefid ...
Yokogawa Recognized as Excellent Health & Productivity Management Company
Japan >> 2/22/2017 - Yokogawa Electric Corporation announces that it has been selected by the Ministry of Economy, Trade and Industry (METI) and Nippon Kenko Kaigi (NKK) to the "White 500" list of large companies with exc...
Thailand's PTT Interested in Petronas Offshore Gas Stake
Malaysia >> 2/22/2017 - Thailand's PTT Pcl is interested in bidding for a stake in the SK316 offshore gas block in Malaysia's state of Sarawak, Chief Executive Thewin Wongwanich said on Wednesday. ...
Lukoil & World Wildlife Fund Sign Roadmap For 2017
Russia >> 2/22/2017 - LUKOIL and the World Wildlife Fund (WWF) have approved a joint plan of actions for 2017, as part of a cooperation agreement. The roadmap was signed by Gleb Ovsyannikov, Head of Public Relations at LUK...
PJSC TATNEFT Held a Regular Meeting of the Board of Directors
Russia >> 2/22/2017 - The Board of Directors of PJSC TATNEFT held a regular meeting in Kazan chaired by the President of the Republic of Tatarstan R.N. Minnikhanov. ...
Japan's Mitsubishi Buys Iran Naphtha Cargo
Iran >> 2/21/2017 - Japan's Mitsubishi Corp bought a naphtha cargo from Iran last month, the Asian country's first such purchase from Iran since October 2016, sources familiar with the matter said. The naphtha cargo, loa...
Iran Will Finalize Contract with Total within Two Months
Iran >> 2/21/2017 - Iran's oil minister said that the first of its new contracts would be finalized with Total within two months, according to the Mehr News agency. ...
6 More Platforms of South Pars to Start Operating by March 2018
Iran >> 2/21/2017 - Managing director of pars oil and gas company (POGC) announced that six new gas platform of remaining phases located in the second region of onshore facilities of south pars gas field will finalize by...
Gazprom Neft to Drill First Well at the Ayashsky Block in the Sea of Okhotsk
Russia >> 2/21/2017 - Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has signed a contract with Hakuryu 5 (a 100-percent-owned subsidiary of Japan Drilling Co) regarding the leasing of a drilling rig for construction ...
Russia's Lukoil Says It Sold Its Petrochemical Plant in Ukraine
Russia >> 2/21/2017 - Russian oil producer Lukoil said in a statement it has completed the sale of its Karpatneftekhim petrochemical plant in western Ukraine. The plant has been mothballed for the past two years. Lukoil di...
Taas-Yuryakh Neftegazodobycha Increased Production by 18.9% in 2016
Russia >> 2/21/2017 - Taas-Yuryakh Neftegazodobycha increased oil production by 18.9% in 2016 compared to the same period in 2015, the production volume ammounted to 1.1mmt. ...
Lukoil Completes the Sale of Karpatneftekhim
Ukraine >> 2/21/2017 - LUKOIL completed the sale of wholly owned subsidiary – LUKOIL Chemical B.V. (the Netherlands), which owns petrochemical plant «Karpatneftekhim» located in Ivano-Frankovsk area of Ukraine.
Geological Structures Uncovered in the South China Sea with Significant Implications
China >> 2/20/2017 - Australian geoscience company Frogtech Geoscience has released a comprehensive new basement-focused study of the hydrocarbon-rich South China Sea and Gulf of Thailand; a geologically complex region. ...
Iran Sees Oil Output Reaching 4 mln bpd by April 2017
Iran >> 2/20/2017 - Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official sai...
Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province
Iran >> 2/20/2017 - Iran has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production. ...
Petronas Considers $1 Billion Stake Sale in Offshore Gas Project
Malaysia >> 2/20/2017 - Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs...
Supreme Court of Yukon Approves ExxonMobil's Acquisition of InterOil
Papua-New Guinea >> 2/20/2017 - InterOil Corporation announced that the Supreme Court of Yukon has granted a final order approving the arrangement between InterOil and Exxon Mobil Corporation (ExxonMobil). The arrangement was approv...
Jacobs to Provide EPC Services for Facilities in Papua New Guinea
Papua-New Guinea >> 2/20/2017 - Jacobs Engineering Group Inc., in a joint venture with Monadelphous Group Limited has received a letter of intent from Oil Search Limited to enter into a new proposed five year contract to provide eng...
KCA Deutag Secures Platform Drilling Contract with Sakhalin Energy
Russia >> 2/20/2017 - Leading global drilling and engineering contractor, KCA Deutag, has been awarded a contract extension by Sakhalin Energy Investment Company for platform drilling services on its three platforms offsho...
Urals Energy Announces Non-Revolving Finance Arrangement with Sberbank
Russia >> 2/20/2017 - AIM-listed Urals Energy, the independent exploration and production company with operations in Russia, has announced that its subsidiary undertaking, Petrosakh, has entered into a new 24 month non-rev...
Gazprom Neft Board of Directors Reviews Plans for Developing Catalyst Production
Russia >> 2/20/2017 - The Gazprom Neft Board of Directors has reviewed information on the company’s plans for developing catalyst production and supplying catalysts to enterprises throughout the Gazprom group. ...
Construction Contract Signed for Second String of TurkStream’s Offshore Section
Russia >> 2/20/2017 - South Stream Transport B.V. and Allseas Group today signed in Amsterdam a contract to build the second string of the TurkStream gas pipeline’s offshore section. The document was signed as part of the ...

Global Oil & Gas News

Subsea 7 Awarded Contract Offshore Australia
Australia >> 2/28/2017 - Subsea 7 S.A. has been awarded a sizeable contract by Cooper Energy Ltd for the Sole Development Project, offshore Australia. The Sole gas field is located in the eastern part of the Gippsland Basin, ...
Woodside Signs LNG Agreement with GE
Australia >> 2/28/2017 - Woodside and GE have signed an agreement to work together to support the use of LNG as a fuel in Western Australia. The agreement will provide customers with the option of seamless access to reliable ...
Neste Jacobs to Deliver NAPCON Simulators to Neste’s Porvoo Refinery
Finland >> 2/28/2017 - Neste Jacobs, a technology, engineering and project management company and Neste, the world’s largest producer of renewable diesel and producer of high-quality oil products, have signed an agreement r...
DONG Energy Publishes Indicative Area for Hornsea Project Three Onshore Cables
United Kingdom >> 2/28/2017 - ?DONG Energy has published an indicative area in which the cables carrying clean electricity from its proposed offshore wind farm could be located, and is seeking feedback from local communities in No...
AWE & Origin Agree First Gas Sales Term Sheet for Waitsia Stage 2
Australia >> 2/27/2017 - AWE Limited (AWE), Operator of production licence L1/L2 located in Western Australia’s onshore Perth Basin, announced that AWE and Origin Energy (Origin) have agreed a nonbinding term sheet with AGL W...
Cooper Energy Finalises Development Plan for Sole Gas Project
Australia >> 2/27/2017 - Cooper Energy has announced that the Sole Gas Project has now advanced to the final stage before commitment. The finalisation of the field development plan, signing of heads of agreement with APA to ...
LGO Announces Trinidad Drilling Update
Trinidad and Tobago >> 2/27/2017 - LGO confirmes that Rig#18 has been successfully mobilised to the Goudron Field where it has been contracted to drill at least two infill wells to the Mayaro Sandstone reservoir. Drilling operations ar...
SunCoke Energy Awards Maintenance & Capital Projects Contract to Fluor
United States >> 2/27/2017 - Fluor Corporation (FLR) announced that SunCoke Energy, Inc. (SunCoke) has awarded Fluor a contract to provide certain maintenance support and capital project services at SunCoke coke facilities in the...
Shell Awards Contract for TCP Jumper Spool Qualification
United States >> 2/27/2017 - Airborne Oil & Gas, the world’s first and leading manufacturer of Thermoplastic Composite Pipe (TCP) has been awarded a qualification program from Shell for a high-pressure, Deepwater TCP jumper spool...
PDVSA Intevep & Citgo Sign Agreement
Venezuela >> 2/25/2017 - After several months of joint work, PDVSA Intevep and Citgo Petroleum Corporation signed a three-year agreement on specialized technical and research and development assistance, staff exchange, and th...
Chevron Suspends Production At Gorgon Train Two LNG Project
Australia >> 2/24/2017 - Chevron has temporarily suspended production of liquefied natural gas (LNG) at its Gorgon Train Two production line in Australia, a company spokesman said in an email statement on Friday. ...
Flowserve Appoints Jay Roueche Interim Chief Financial Officer
Germany >> 2/24/2017 - Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, announced that John E. (Jay) Roueche III, Flowserve’s vice president, investor re...
Sevan Marine Secures Long Term Framework Agreement with ExxonMobil
Norway >> 2/24/2017 - Sevan Marine ASA has entered into a long term framework agreement with ExxonMobil for the provision of services and use of Sevan Marine’s cylindrical hull technology. Sevan Marine has worked with Exxo...
NPD Confirms Lundin Oil & Gas Discovery Northwest of 7220/11-1
Norway >> 2/24/2017 - Lundin Norway AS, operator of production licence 533, has completed the drilling of wildcat well 7219/12-1 and appraisal well 7219/12-1 A (Filicudi). The well proved oil and gas. The wells were drille...
ESS Appoint Commercial Manager
United Kingdom >> 2/24/2017 - Ecosse Subsea Systems (ESS) has strengthened its management team with the appointment of Iain Middleton to the newly created role of commercial manager. The subsea and engineering technology company s...
PDVSA and ENPPI of Egypt Strengthen Bilateral Relations
Venezuela >> 2/24/2017 - The President of Petroleos de Venezuela S.A. (PDVSA), Eulogio Del Pino, held a meeting at La Campina PDVSA headquarters with Chief Executive Officer of Egypt's Engineering for the Petroleum and Proces...
YPF & Shell Agree on a Project Development in Argentina
YPF & Shell Agree on a Project Development in Argentina Argentina >> 2/23/2017 - Shell Argentina President Teofilo Lacroze and YPF President Miguel Angel Gutierrez signed an agreement on preliminary terms and conditions for the development of non-conventional hydrocarbons in Vaca ...
Wood Group Launches Next Phase of Industry Collaboration into Subsea Equipment Reliability
Australia >> 2/23/2017 - Wood Group is commencing the next phase of a collaborative industry effort to develop a better understanding of the reliability of subsea equipment for use in offshore Australia. ...
Carnarvon Petroleum & Quadrant Energy to Drill Dorado-1 Well
Australia >> 2/23/2017 - Carnarvon Petroleum Limited (Carnarvon) is pleased to inform shareholders that the joint venture has committed to acquiring long lead items for the Dorado-1 exploration well and planning for the well ...
Keel Laying of First Shuttle Tanker for East Coast Canada
Canada >> 2/23/2017 - Teekay Offshore Will Be the Sole Supplier and Operator of Shuttle Tankers Services for East Coast Canada. On February 15, the keel laying ceremony for Teekay’s first shuttle tanker newbuilding for Eas...
Lundin's IPC Files Preliminary Prospectus in Alberta
Canada >> 2/23/2017 - In connection with the previously announced proposed reorganisation and spin-off by Lundin Petroleum AB (Lundin Petroleum) of its assets in Malaysia, France and the Netherlands into International Petr...
Repsol Granted Drilling Permit for Well 6705/7-1 in PL 705
Norway >> 2/23/2017 - The Norwegian Petroleum Directorate has granted Repsol Norge AS a drilling permit for well 6705/7-1, cf. Section 8 of the Resource Management Regulations. Well 6705/7-1 will be drilled by the Transoce...
Cairn Appoints Eric Hathon as Director of Exploration
Switzerland >> 2/23/2017 - Cairn is pleased to announce the appointment of Eric Hathon as Director of Exploration. Dr Hathon, who has more than 25 years experience in the international oil and gas industry, will join Cairn from...
Sparrows Group Secures Five Year Contract with Maersk Oil
United Kingdom >> 2/23/2017 - Sparrows Group has secured a five year contract to deliver hydraulic, lifting and rigging services for Maersk Oil’s UK floating assets. The agreement will see Sparrows support the operator in strength...
Rotork Electro-Hydraulic Actuators Provide Increased Safety at Mauritius International Airport
United Kingdom >> 2/23/2017 - In a project to increase safety, Rotork Skilmatic SI electro-hydraulic actuators have been installed in the Joint Users Hydrant Installation (JUHI) fuel storage depot at the Sir Seewoosagur Ramgoolam ...
iSURVEY Secures Rig Positioning & Surveying Contract with Shell
United Kingdom >> 2/23/2017 - iSURVEY, a leading provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has secured a non exclusive call-off contract with Shell U...
TGS & Schlumberger Announce New Program in Gulf of Mexico
United States >> 2/23/2017 - TGS-NOPEC Geophysical Company (TGS) and Schlumberger announced a new multi- and wide-azimuth (M-WAZ) multiclient reimaging program in the highly prospective Central U.S. Gulf of Mexico. Final results ...
Nostra Terra Announces Second Permian Basin Acquisition
United States >> 2/23/2017 - Nostra Terra (NTOG) is pleased to announce the acquisition of producing assets in the Permian Basin, Texas, along with the receipt of US$100,000 in connection with the previously announced sale of its...
ConocoPhillips Revises Down over 1 bln bbls of Oil Sands Reserves
Canada >> 2/22/2017 - ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocar...
Prysmian to Provide Submarine Power Cable Links for Offshore Wind Farms in France
France >> 2/22/2017 - Prysmian, world leader in the energy and telecom cable industry, has been awarded a contract worth more than € 300 million with Réseau de Transport d'Electricité (RTE) to develop submarine cable links...
PSI Wins Major Contract by Altonaer-Technologie-Holding GmbH
Germany >> 2/22/2017 - PSI Automotive & Industry GmbH, a subsidiary of PSI, has been contracted by ATH Altonaer-Technologie-Holding GmbH, Hamburg, to implement the new version 9 of the ERP system PSIpenta for ATH and the Gr...
McDermott to Present at the DNB Annual Oil, Offshore & Shipping Conference in Norway
Norway >> 2/22/2017 - McDermott International, Inc. (MDR) announced that Scott Munro, Vice President, Americas, Europe & Africa, will speak at the DNB Annual Oil, Offshore & Shipping Conference in Oslo, Norway on March 1, ...
Wintershall & Partners Prepare for Maria Drilling Program
Norway >> 2/22/2017 - Crews from Odfjell and Halliburton joined Wintershall in preparing for drilling on the Maria field on the Norwegian Continental Shelf. With “establishing best HSE and efficiency culture” as the theme...
ABB Nominates New Board Member
Switzerland >> 2/22/2017 - At the coming annual general meeting (AGM) on April 13, 2017, all ABB board members will stand for re-election, except for Robyn Denholm and Michel de Rosen who have decided to not stand for re-electi...
Enterprise Products Chooses Honeywell UOP Technology for New Petrochemical Plant in Texas
United States >> 2/22/2017 - Honeywell (HON) announced that Houston-based Enterprise Products Operating LLC has chosen Honeywell UOP’s C4 Oleflex™ technology to produce 425,000 metric tons per year of isobutylene, which is used t...
Resignation of Segun Omidele as CEO of Erin Energy
United States >> 2/22/2017 - Erin Energy Corporation (Erin Energy) announced that Segun Omidele has resigned as Chief Executive Officer and as a member of the Board, effective February 22, 2017. Mr. Omidele’s resignation was acce...
Jacobs Secures Architectural Design Role in Australia
Australia >> 2/21/2017 - Jacobs Engineering Group Inc. has secured a key architectural design role in the $300 (approximately AUD$400) million second phase of the transformational Blacktown and Mount Druitt Hospitals Expansio...
Senex Energy Sanctions $50 million Investment in the Western Surat Gas Project
Australia >> 2/21/2017 - Senex Energy has sanctioned its first major investment in the Western Surat Gas Project, committing $50 million to a 30 well drilling campaign, with gas production of around 10 TJ/day (~0.6 mmboe p.a....
Senex Sanctions $50m Investment in Western Surat Gas Project
Australia >> 2/21/2017 - Senex Energy Limited (Senex) has sanctioned its first major investment in the Western Surat Gas Project, committing $50 million to a 30 well drilling campaign, with gas production of around 10 TJ/day ...
Boskalis Awarded Inter-Array Cabling Contract for EnBW Hohe See OWF
Germany >> 2/21/2017 - Royal Boskalis Westminster N.V. (Boskalis) announces that its subsidiary VBMS has been awarded an inter-array cabling contract with a value of approximately EUR 80 million by EnBW Hohe See GmbH & Co.K...

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