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Middle East Oil & Gas News

Petrofac Strengthens Iraq Presence with US$100m Contracts
Petrofac Strengthens Iraq Presence with US$100m Contracts Iraq >> 7/26/2017 - Petrofac has secured a contract extension and a new award with a combined value of more than US$100 million for construction management, engineering, commissioning and start-up services for two Intern...
ABB Supplies Central Inverter Solutions for Two PV Power Plants in Jordan
Jordan >> 7/26/2017 - ABB’s central inverter solutions were chosen to power photovoltaic (PV) solar power plants Mafraq I and Mafraq II. The two plants, located in Mafraq, Jordan, with a total AC power of 102 MW, will be c...
UAE Buys First U.S. Oil Cargo to Replace Qatar Condensate
United Arab Emirates >> 7/26/2017 - The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensa...
Kuwait Seeks Energy Venture With Traders From Glencore to Vitol
Kuwait >> 7/25/2017 - OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn ...
UAE's ADNOC Cuts September Crude Allocation by 10 pct for Most Customers
United Arab Emirates >> 7/25/2017 - Abu Dhabi National Oil Co (ADNOC) has cut its crude allocations by 10 percent for September for the majority of its customers, an ADNOC spokesman said. ...
Orpic Wins Project Finance Deal of the Year Award for LPIC Deal
Oman >> 7/24/2017 - As one of its values to aim for leading performance, Orpic has been awarded the perfect Project Finance Deal of the year (2016) from Trade and Export Finance Agency (TXF) for the LPIC project finance ...
UAE Oil Giant in Talks to Obtain Loan of up to $5 billion
United Arab Emirates >> 7/24/2017 - Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5 billion, the latest sign that the region's giant oil companies are increasingly turning to the debt markets to fund exp...
Iraq Launches the 3rd Well in Sindbad Borderline Field
Iraq >> 7/23/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well, and inspected the drilling operations in the 4th oil well in Basrah. Mr. Al-Luiebi confirme...
Drilling Begins on Three New Exploration Wells in Block 55
Oman >> 7/23/2017 - Global oil services giant Schlumberger has revealed that it has been awarded a contract by Oman-based Petrogas Kahil for the drilling of three exploration wells in Block 55 in the south east of the Su...
Saudi Refinery Operations Not Affected by Transformer Fire
Saudi Arabia >> 7/23/2017 - The Saudi Aramco Mobile Refinery (SAMREF) at Yanbu is operating normally after a fire hit a power transformer at the gate of the facility, a spokesman for a Saudi government body was quoted as saying ...
ADNOC Begins Talks with Chinese, Japanese Firms for Partnerships
United Arab Emirates >> 7/23/2017 - The Abu Dhabi National Oil Company (ADNOC) recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets. Following the launch o...
Iraq Launches the 3rd Well in Sindbad Borderline Field in Basrah
Iraq >> 7/20/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well in Basrah, and confirmed on the keenness of the ministry of oil to develop all the borderlin...
Iraq Opens 3rd Loading Dock to Elevate the Gas Investment to 1300 MSCF
Iraq >> 7/20/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil opened the 3rd loading dock in the exportation terminal in Um-Qasr port. Mr. Al- said that the accomplishment of this project represents a signific...
Kuwait's Ethylene 2 Plant Resumes Production
Kuwait >> 7/18/2017 - Kuwait's Ethylene 2 Plant resumed operation following a brief shutdown for technical considerations last week, the EQUATE Group announced. ...
Powerwave Results Sets Path To Injection Technology Of Choice In Kuwait
Kuwait >> 7/18/2017 - Wavefront Technology Solutions Inc., a global leader in the advancement of fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil ('IOR/EOR') recovery is pleased to prov...
Nakilat Signs MoU with Hoegh LNG to Explore FSRU Project
Qatar >> 7/18/2017 - Nakilat signed a Memorandum of Understanding (MoU) with Hoegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for oppo...
Saudi Aramco Awards Marjan Oil Field FEED Services
Saudi Arabia >> 7/18/2017 - WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipel...
SAP Partners with Saudi Aramco to Create Digital Business Marketplace
Saudi Arabia >> 7/18/2017 - SAP is partnering with Saudi Aramco in creating a new solutions platform to enable Saudi Aramco to launch a digital business marketplace with thousands of Saudi Aramco buyers and suppliers in partners...
Abu Dhabi's State Oil Firm Hires U.S. Investment Bank Moelis
United Arab Emirates >> 7/18/2017 - Abu Dhabi National Oil Company (Adnoc) has appointed boutique U.S. investment bank Moelis & Co as an adviser as it seeks to attract billions of dollars in investments through joint ventures and prepar...
PDO Achieves Significant Progress in Developing Bahja-Rima Oilfield
Oman >> 7/17/2017 - National oil company Petroleum Development Oman (PDO) has made significant progress in developing the Bahja-Rima cluster field, which has more than seven billion barrels of oil in place. ...
Sadara Commissions Amines Plant in Jubail Industrial City
Sadara Commissions Amines Plant in Jubail Industrial City Saudi Arabia >> 7/17/2017 - Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up its Amines plant. The Sadara Amines plant is composed of two separate facilitie...
Honeywell to Provide Detergent Manufacturing Technologies to Farabi Petrochemical Complex
Saudi Arabia >> 7/17/2017 - Honeywell announces that Farabi Petrochemicals Company will use Honeywell UOP technologies for a new complex in Yanbu to expand its production of biodegradable detergents. The construction of the new ...
Iraq Signs Contract with Baker Hughes, GE for Flare Gas Recovery Solution
Iraq >> 7/16/2017 - Following extensive discussions, the Iraqi Ministry of Oil and Baker Hughes, a GE company (BHGE) signed a contract for fast-track solutions to help the recovery of flare gas in line with the country’s...
Israeli Group in Talks to Buy Gas from Greece's Energean
Israel >> 7/16/2017 - Israel's Oil Refineries (ORL) is in talks to by 17 billion cubic meters of natural gas from Greek exploration and production firm Energean. ...
Saudis Seek Bids for First Utility-Scale Plant for Wind Power
Saudi Arabia >> 7/16/2017 - Saudi Arabia, the world’s biggest exporter of crude oil, moved a step closer toward the construction of its first utility-scale wind-power project. ...
First Phase of Saudi Aramco's Energy Industrial City Complete in 2021
Saudi Arabia >> 7/16/2017 - State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021. Last week, the Saudi government said it approved Saudi Aramco's plans to set...
ADNOC & Borealis Sign Agreement to Extend Petrochemical Activities in Ruwais
United Arab Emirates >> 7/16/2017 - The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement, under which the companies will advance two key projects that will expand both ADNOC and Borealis downstream p...
OOCEP Awards Tanker Loading Contract to Marsol
Oman >> 7/15/2017 - UAE-based Marsol International has signed a two-year contract with Oman Oil Company Exploration and Production (OOCEP), the upstream energy arm of Oman Oil Company, for the provision and management of...
Iraq Offers 9 Exploratory Borderline Areas for Development & Rehabilitation
Iraq >> 7/13/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil declared the launching of the exploration & rehabilitation projects for (9) exploration blocks and the borderline onshore & offshore oil fields in ...
Kuwait to Boost Oil-Output Capacity from 2030, Plans Refineries
Kuwait >> 7/13/2017 - Kuwait plans to raise oil-production capacity to as much as 4.75 million barrels a day after 2030 as the OPEC member builds refineries in Asia to process more of its crude, the head of state-run Kuwai...
Saudi Aramco Drilling Co Seen Starting Commercial Operations in Q3
Saudi Arabia >> 7/13/2017 - The Saudi Aramco Nabors Drilling Co (SANAD) joint venture is expected to start commercial operations in the third quarter of this year, Saudi Aramco said in its weekly magazine, the Arabian Sun. *Saud...
Saudi Arabia Curbs Oil Shipments to United States
Saudi Arabia >> 7/13/2017 - Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. crude imports from Saudi Arabia averaged...
$750m Salalah Ammonia Project Nearing Financial Closure in Oman
Oman >> 7/12/2017 - Having nailed down contracts for its $826 million Salalah LPG Extraction Project, Oman Oil Company (OOC) — the wholly government-owned energy investment arm — is now gearing up to deliver its next pet...
Saudis to Cut August Oil Exports to Lowest Level This Year
Saudi Arabia >> 7/12/2017 - Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC p...
Pacts Inked for $826M Salalah LPG Extraction Project
Oman >> 7/11/2017 - Agreements were signed for the implementation of Oman’s first liquefied petroleum gas (LPG) extraction plant with a $826 million investment designed to further unlock the economic and commercial poten...
Qatar Petroleum & Total in JV to Develop Al Shaheen Oil Field
Qatar >> 7/11/2017 - Total and Qatar Petroleum will take over the operatorship of the giant Al-Shaheen offshore oil field for a period of 25 years beginning July 14, 2017. The field produces 300 thousand barrels of oil pe...
Saudi Oil Company Extends Corporate Coreworx Interface Management Contract
Saudi Arabia >> 7/11/2017 - Coreworx Inc. announces that the largest Saudi Arabian oil company has renewed their contract for Coreworx Interface Management for an additional five year term. Used on more than $60 Billion worth of...
Saudi Aramco's Manifa Oilfield Production Hit by Technical Issue
Saudi Arabia >> 7/11/2017 - Output from Saudi Aramco's massive Manifa oilfield has been hit by a technical problem, the International Oil Daily reported, citing unnamed sources. ...
Adnoc Plans IPO of Retail Unit at $14 Billion Value
United Arab Emirates >> 7/11/2017 - Abu Dhabi National Oil Co. is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. ...
DNO Spuds Third Peshkabir Well in Kurdistan
Iraq >> 7/10/2017 - DNO ASA, the Norwegian oil and gas operator, announced resumption of appraisal drilling at the Peshkabir discovery on the Tawke license in the Kurdistan region of Iraq following extended testing of th...

Africa Oil & Gas News

Eland Oil & Gas Provides Update on Nigeria Operations
Nigeria >> 7/24/2017 - Eland Oil & Gas PLC, an oil and gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to provide an operational update for the six months ended 3...
Sparrows Group & SPIE Seal 1st Joint Cranes Contract in Congo
Sparrows Group & SPIE Seal 1st Joint Cranes Contract in Congo Congo >> 7/20/2017 - Sparrows Group and SPIE Oil & Gas Services have secured our first joint delivery project, which is in West Africa, after Total E&P Congo awarded us the crane maintenance contract on the Moho Nord deve...
Aminex Expects to Submit Ntorya FDP in Early September
Tanzania >> 7/20/2017 - Aminex has now received a further payment from Tanzania Petroleum Development Corporation (TPDC) for Kiliwani gas sales. The Company continues to work with TPDC to bring arrears fully up to date. Amin...
Gambia President Meets African Petroleum CEO over Oil Licences
Gambia >> 7/19/2017 - Gambia's President Adama Barrow has met with African Petroleum's chief executive to discuss the status of its exploration licences, which oil ministry officials previously said had expired, the compan...
Sound Energy Provides Updates on TE-7 Well
Morocco >> 7/19/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the TE-7 extended well test, including an initial measurement of the reservoir pressure build-up...
Wentworth Resources Provides Update on its Mnazi Bay Asset
Tanzania >> 7/19/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. ...
Panoro Approves FID on the Development of Dussafu Fields
Gabon >> 7/18/2017 - Pan Petroleum Gabon B.V. (a fully owned subsidiary of Panoro Energy ASA) has approved the operator’s proposed work program and budget to move forward at full speed with the development of the Dussafu ...
MODEC Awarded Turret Mooring System Supply Contract
Mozambique >> 7/18/2017 -  SOFEC, Inc. (SOFEC), a MODEC Group company, has been awarded the Turret Mooring System Supply Contract for the Coral South Project by the joint venture consisting of TechnipFMC and JGC Corporation. T...
Hyperdynamics to be Granted Two Year Appraisal Period
Guinea >> 7/17/2017 - Hyperdynamics Corporation has received a letter from the Government of Guinea confirming that a two-year appraisal period will be granted to the consortium of SCS Corporation Ltd. (SCS), a wholly owne...
The 5th Africa Oil & Gas Summit 2017 in Cape Town
South Africa >> 7/16/2017 - Don't miss out on the best networking opportunity in the industry this year, join us in beautiful Cape Town for the 5th Annual Africa Oil & Gas Summit! Africa's Oil & Gas sector continues to show ...
Africa Oil Week 2017 Announces A-List Speakers
South Africa >> 7/13/2017 - ITE is proud to announce its top-level speakers and sponsors for the 2017 edition of the globally recognised Africa Oil Week, the world’s longest running oil and gas conference on the African continen...
Global Petroleum Completes Seismic Acquisition in PEL 0029
Namibia >> 7/12/2017 - Global Petroleum announces the completion of the 2D seismic acquisition programme previously announced, in the Company's operated block (PEL 0029) in Namibia. The survey - comprising 834 km of full fo...
Ensco Wins Three Drillship Contracts Offshore West Africa
Ensco Wins Three Drillship Contracts Offshore West Africa Nigeria >> 7/11/2017 - Ensco plc has been awarded three drillship contracts offshore West Africa, representing an aggregate three years of contracted term and more than six additional years of options. ...
Borr Drilling Wins Jack-Up Contract by Total E&P Nigeria
Nigeria >> 7/11/2017 - Borr Drilling Limited (BORR), in conjunction with the Nigerian partner company Valiant Energy Services West Africa Limited (Valiant), has received a letter of commitment from Total E&P Nigeria Limited...
Cairn Energy Reports Succesful FAN South-1 Well Result
Senegal >> 7/11/2017 - Cairn announces the results of the FAN South-1 well in the South Fan prospect offshore Senegal. The Stena DrillMAX drill ship performance continues to be excellent and operations have been safely and ...
Erin Energy to Spud Oyo-9 Well Offshore Nigeria
Nigeria >> 7/10/2017 - Erin Energy Corporation (Erin Energy) provided an update on its drilling operations that are expected to double production for the Company and also updated its plans for drilling one of its prime expl...
Oil & Gas Africa 2017 Begins Tomorrow in Cape Town
South Africa >> 7/10/2017 - Key industry speakers join midstream and downstream suppliers at the three-day focus for the energy sector in southern Africa from July 11 to 13. ...
IO Wins Gas Development Study Contract for Ntorya Field
Tanzania >> 7/10/2017 - Solo Oil has appointed io oil & gas consulting (IO), a Baker Hughes (a GE Company) and McDermott joint venture, to prepare a gas commercialisation study to assist with the development of the Ntorya fi...
ENI Pumps First Oil from Ghana's Sankofa Field
Ghana >> 7/6/2017 - Italian oil company ENI started oil production from the 45,000 barrel-per-day Sankofa field offshore Ghana, giving a boost to the West African country's plans to use its oil resources to revive its ec...
Egypt's Parliament Passes Law Regulating Gas Market
Egypt's Parliament Passes Law Regulating Gas Market Egypt >> 7/5/2017 - Egypt's parliament passed a law establishing a gas regulatory authority that the government hopes will attract greater private sector participation in the country's rapidly expanding gas sector. ...
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive Egypt >> 7/5/2017 - Egypt has hired three investment banks to manage the sale of part of its stake in local oil company Enppi, marking a key step in the government’s plan to privatize state-owned businesses. ...
Gambia Approves Farm-out Deal between Erin Energy & FAR
Gambia >> 7/5/2017 - Erin Energy Corporation (Erin Energy) announced that the Government of the Republic of The Gambia has approved the farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil ...
Successful Koba-1 Well Test
Morocco >> 7/5/2017 - Sound Energy, the Moroccan and European focused upstream gas company, is delighted to report the success of operations to date at the Koba-1 well at Sidi Moktar, onshore Morocco. ...
Nigeria Cabinet Approves National Gas Policy
Nigeria >> 7/5/2017 - Nigeria's cabinet has approved a national gas policy that aims to reduce the country's dependence on crude oil by increasing gas exploration and facilities, the oil ministry said in a statement. The p...
VOG Updates Logbaba Participation Agreement & Bomono Project
Cameroon >> 7/4/2017 - Victoria Oil & Gas is pleased to announce that Societe Nationale des Hydrocarbures (SNH), RSM Production Company (RSM) and Gaz du Cameroun S.A. (GDC) have agreed and signed a Participation Agreement t...
Truth about Ending Talks with African Petroleum for Blocks A1 & A4
Gambia >> 7/4/2017 - The Board of African Petroleum notes the article published on Reuters today regarding its A1 and A4 licences in The Gambia (the Licences). The Board of African Petroleum maintains that the comments as...
Odfjell Drilling Wins Drilling Contract Offshore South Africa
Odfjell Drilling Wins Drilling Contract Offshore South Africa South Africa >> 7/4/2017 - Further to the conditional letter of award (CLOA) as announced on 1 March 2017, Odfjell Drilling has been awarded the contract as described in the CLOA. The contract is awarded by Total E&P South Afri...
Tlou Energy Applies for Mining Licence for Lesedi CBM Project
Botswana >> 7/3/2017 - Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), has lodged a Mining Licence Applicati...
Talks between Minister of Petroleum and Vegas CEO
Talks between Minister of Petroleum and Vegas CEO Egypt >> 7/3/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received David Evans, CEO of the Greek Company Vegas Oil & Gas and the company’s Vice President Lucas Triplepolis in the presence of En...
ONGC Videsh Acquires Interest from Tullow in PEL 37
Namibia >> 7/3/2017 - ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30% participating interest in Na...
Tanzania Passes Laws on Renegotiation of Mining & Gas Contracts
Tanzania >> 7/3/2017 - Tanzania's parliament passed two laws allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. Businesses h...
24th Annual Africa Oil Week 2017 – Strategic Way Forward For Africa’s Upstream Oil & Gas Industry
South Africa >> 7/2/2017 - ITE Group plc has been connecting businesses across the world’s oil, gas and energy landscape for more than two decades, spanning five continents. With the new addition to ITE’s portfolio we are pleas...
Egypt Received $7b in Foreign Funds to Support 79 Development Projects
Egypt Received $7b in Foreign Funds to Support 79 Development Projects Egypt >> 6/30/2017 - Egypt recieved development funds worth $7 billion to support 79 projects in 11 sectors in 2016, the investment and international cooperation ministry said. ...
Cairn Chooses Lloyd’s Register for Field Development Surveys in Senegal
Senegal >> 6/30/2017 - Cairn Energy PLC, one of Europe's leading independent oil and gas exploration and development companies, has chosen Lloyd’s Register (LR) to provide project management and technical assistance in thei...
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed Egypt >> 6/29/2017 - After the Egyptian cabinet cut energy subsidies on Thursday, Prime Minister Sherif Ismail said that economic reform decisions on the part of the state could no longer be delayed. ...
Kenya Delays Crude Production until Oil Law Amendments Agreed
Kenya >> 6/29/2017 - Kenya has delayed plans to start crude oil production and exports until the government passes an amended law that includes setting out how revenues will be shared between national and county governmen...
NNPC, FIRST E&P and Schlumberger to Develop OML 83 & 85
Nigeria >> 6/29/2017 - Nigerian National Petroleum Corporation (NNPC), FIRST Exploration & Production (First E&P) and Schlumberger signed a tripartite agreement for development of the Anyala and Madu fields under OML 83 and...
ABB Extends Medium-Voltage DC Breaker Range
Swaziland >> 6/29/2017 - ABB introduces a new version of its high-speed bi-directional direct current (DC) circuit breaker, DCBreak, for rolling stock applications covering 1500 V systems as well as protective metallic enclos...
ABB Announces New Molded Case Circuit Breaker for 1500V PV System
Swaziland >> 6/29/2017 - ABB, a Fortune500 corporation and the leading power and automation technology group, today introduced its new molded case circuit breaker (MCCB) for 1500V photovoltaic (PV) systems at ABB Customer Wor...
Tanzania Laws to Allow Government to Tear Up Mining & Energy Deals
Tanzania >> 6/29/2017 - The Tanzanian government submitted three bills to parliament that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed ...

Asia Oil & Gas News

Tatarstan’s Delegation Visits Baku Higher Oil School
Azerbaijan >> 7/26/2017 - Baku Higher Oil School hosted a delegation from Tatneft company, Altemyevsk State Petroleum Institute, Tatneft corporate university and PricewaterhouseCoopers Company (PwC) of the Republic of Tatarsta...
China Backs Joint Energy Development with Philippines in Disputed Sea
China >> 7/25/2017 - China's foreign minister on Tuesday said he supported the idea of joint energy ventures with the Philippines in the disputed South China Sea, warning that unilateral action could cause problems and da...
China Urges Halt to Oil Drilling in Disputed South China Sea
China >> 7/25/2017 - China's Foreign Ministry has urged a halt to oil drilling in a disputed part of the South China Sea, where Spanish oil company Repsol had been operating in cooperation with Vietnam. ...
Proserv Secures Decommissioning Contracts in Asia Pacific
Indonesia >> 7/25/2017 - Proserv has been awarded a series of contracts worth around $4m for its well severance, platform and FPSO decommissioning services in the Asia Pacific region. The contracts have been awarded by Premie...
Yokogawa to Release ProSafe®-RS SIL2 Wireless Gas Detection System
Yokogawa to Release ProSafe®-RS SIL2 Wireless Gas Detection System Japan >> 7/25/2017 - Yokogawa Electric Corporation will release the ProSafe-RS® SIL2*1 wireless gas detection system in September. The ProSafe-RS SIL2 wireless gas detection system will consist of a newly enhanced version...
ABB Powers St. Petersburg’s Electric Vehicle Pilot
Russia >> 7/25/2017 - ABB, a leading provider of EV charging solutions worldwide, supplied 20 fast charging stations to Lenenergo, one of the largest electricity distribution companies in Russia. A number were put into ope...
Gazprom Neft Building New Delayed Coking Unit at Omsk Refinery
Russia >> 7/25/2017 - Construction of a delayed coking unit (DCU) has now begun at Gazprom Neft’s Omsk Refinery.* Annual raw material consumption at the complex will be two million tonnes. The CDU is set to become one of t...
Sino Gas & Energy Signs New Gas Sales Agreement for the Sanjiaobei PSC
China >> 7/24/2017 - Sino Gas' Joint Venture company, Sino Gas & Energy ('SGE'), in conjunction with its Sanjiaobei PSC Partner, PetroChina, have signed a new GSA for gas sales from the Sanjiaobei PSC to Shanxi GuoHua Ene...
Gazprom Neft Begins Production at the Otdalennaya Group of Fields
Russia >> 7/24/2017 - Gazpromneft-Noyabrskneftegaz, a subsidiary of Gazprom Neft, has completed the drilling and testing of its first production well at the Zapadno-Chatylkinskoye field. The total length of the constructed...
Russians to Perform Survey on Two Southern Oil Fields
Iran >> 7/23/2017 - The National Iranian South Oil Company (NISOC) and Russia’s Zarubezhneft have signed a memorandum of understanding to develop two oil fields in southwest Iran. ...
Eni Says Not Challenging with Total in Iran
Iran >> 7/23/2017 - Right after France’s Total has signed a 5 billion dollars gas deal with the National Iranian Oil Company (NIOC) earlier this month, Italy’s energy giant, Eni, is keeping its foot on the ground in Iran...
Liaoning Bora Petrochemical Company Selects LyondellBasell’s World-Class PP & HDPE Technologies
China >> 7/20/2017 - LyondellBasell (LYB) announced that Liaoning Bora Petrochemical Co., Ltd, has selected LyondellBasell’s world leading polypropylene (PP) and polyethylene (PE) technologies for three new plants. The pl...
Yokogawa Participates in Water Supply Control & Non-Revenue Water Management Technology Training
Japan >> 7/20/2017 - On July 4, a joint venture (JV) between Yokogawa Solution Service Corporation and TSS Tokyo Water Co., Ltd. began work on a grassroots project for the Japan International Cooperation Agency (JICA) tha...
Gazprom Neft to Utilize Capacity at the St Petersburg Polytechnic University Supercomputer
Russia >> 7/20/2017 - As part of the ongoing collaboration between the Gazprom Neft Science and Technology Centre and the Peter the Great St Petersburg Polytechnic University (Polytech) in geological prospecting, company s...
Marubeni Awarded Combined-Cycle Power Plant Project from PT Indonesia Power
Indonesia >> 7/19/2017 - On July 14, 2017, Marubeni Corporation (Marubeni), in a consortium with General Electric (GE) and PT. Hutama Karya (HK), has been awarded an EPC (Engineering, Procurement and Construction) contract fo...
Indian Govt Refiners to Buy Less Iran Oil in 2017/18
Iran >> 7/19/2017 - India's state refiners plan to buy less Iranian oil in 2017/18 compared with the last fiscal year, Oil Minister Dharmendra Pradhan said on Wednesday. ...
Yokogawa Added to Well-known SRI Indexes
Japan >> 7/19/2017 - Yokogawa Electric Corporation announces that it has been selected for inclusion in the FTSE4Good Index Series and the FTSE Blossom Japan Index. ...
Yokogawa Selected for Inclusion in Two SRI Indexes
Japan >> 7/19/2017 - Yokogawa Electric Corporation has been selected for inclusion in two socially responsible investment (SRI) indexes that have been recently established by MSCI Inc.: the MSCI Japan ESG Select Leaders I...
SOCAR Launches New Gas Station in Romania
Azerbaijan >> 7/18/2017 - SOCAR has opened another filling station in Romania. The new station is situated in the county of Timi?, the main highway connecting Romania and Hungary. So far, the number of filling stations operate...
ABB Delivers Technology Leading Critical Power Solution for SSE Center
China >> 7/18/2017 - ABB will provide more than 1,500 units of MNS® low-voltage switchgear for the Shanghai Stock Exchange (SSE) Jinqiao Technology Center project in 2017 to support the safe, efficient and reliable operat...
ExxonMobil Says will not Continue Discussions over East Natuna Gas Field
Indonesia >> 7/18/2017 - The Indonesian unit of ExxonMobil on Tuesday said the company "no longer wishes to continue further discussions or activity" involving the East Natuna gas block in the country. ...
Iran, Japan’s Toyo Signs Deal to Boost Output at Offshore Field
Iran >> 7/18/2017 - The National Iranian Oil Company (NIOC) signed on Monday a Memorandum of Understanding (MoU) with a consortium that includes Japan’s engineering group Toyo to revamp the facilities and upgrade gas pro...
Horizon Oil Strengthens Acreage Position in Papua New Guinea
Papua-New Guinea >> 7/18/2017 - Horizon Oil has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 mmbbl of condensate. The C...
Gazprom Neft Rolls Out Improved Seismic Prospecting Technology
Russia >> 7/18/2017 - “Green seismic” technology, which leads to lower tree felling in seismic prospecting operations, is being prepared for roll-out across Gazprom Neft assets. Since the main risks in labour protection wh...
South Korea’s Iran Crude Imports for June up 10.5 % Year-on-Year
Iran >> 7/17/2017 - South Korea imported 1.2 million tonnes of crude oil from Iran in June, up 10.5 percent from a year ago, preliminary data from Korea Customs Service showed on Saturday. ...
NISOC & Zarubezhneft Sign MoU
Iran >> 7/17/2017 - National Iranian South Oil Company (NISOC) and Russian Zarubezhneft signed a Memorandum of Understanding yesterday. The purpose of signing the MoU is to develop the Shadegan and Rag-e Sefid fields in ...
First Concrete Coated Pipes Delivered to Hanko, Finland, for storage
Russia >> 7/17/2017 - The first concrete weight coated (CWC) pipes for the planned 1,200 kilometre Nord Stream 2 twin pipelines arrived today by rail at the Port of Koverhar in Hanko, Finland. Approximately 200 kilometres ...
Gazpromneft-AERO & Socar Turkey Petrol Enerji Sign Agreement on Aviation Refuelling
Russia >> 7/17/2017 - Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, and SOCAR Turkey Petrol Enerji, one of Turkey’s leading suppliers of aviation fuels, have concluded an agreement on refuell...
Iran Eyes 10 Oil, Gas Deals with Energy Majors by Mach 2018
Iran >> 7/16/2017 - National Iranian Oil Company (NIOC) says the Rouhani administration has tasked the company to ink 10 major deals for developing oi land gas fields by the end of the current Iranian calendar year to Ma...
LUKOIL Produces 3 Million Tonnes of oil at Vladimir Filanovsky Field
Russia >> 7/16/2017 - LUKOIL has reached another milestone with three million tonnes of oil produced at the Vladimir Filanovsky field in the Caspian Sea. ...
Intl. Firms Negotiate $200 Billion of Oil Deals in Iran
Iran >> 7/15/2017 - Asian and European companies are negotiating participation in Iran’s oil and gas development projects which need $200 billion worth of investment, Minister of Petroleum Bijan Zangeneh says. ...
Parliament Backs Deals with Foreign Firms
Iran >> 7/15/2017 - A member of the Iranian parliament said the body backs signature of deals with foreign companies under the 6th development plan of the country. ...
Xodus Wins Subsurface Contract with Cairn Oil and Gas in India
India >> 7/14/2017 - Xodus Group has won a contract with Cairn Oil and Gas of Vedanta Ltd to conduct exploration and appraisal work on its Rajasthan block in north-west India over the next two years. ...
NOVATEK Joins the Society for Gas as a Marine Fuel & the SEA\LNG Association
Russia >> 7/14/2017 - Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK (“NOVATEK” and/or the “Company”) has joined the Society for Gas as a Marine Fuel and the SEA\LNG Association to help promote liquefied...
Gazprom Creates Commission on Strengthening Financial Discipline for Domestic Gas Supplies
Russia >> 7/14/2017 - The Gazprom Board of Directors held a meeting in absentia. The decision was taken to create a Commission under the Board of Directors to strengthen financial discipline for domestic gas supplies in th...
Yokogawa Meters & Instruments Releases LS3300 AC Power Calibrator
Japan >> 7/13/2017 - Yokogawa Meters & Instruments Corporation announces that it has developed the LS3300, an AC power calibrator that can accurately and stably produce a wide range of AC power outputs for the calibration...
Concrete Weight Coating Begins on Rugen for Nord Stream 2 Pipes
Russia >> 7/13/2017 - Nord Stream 2 contractor Wasco Coatings Germany has begun concrete weight coating pipes for the project in the port of Mukran on the Baltic Sea island of Rügen. Up to 90,000 pipes will be coated by th...
Nord Stream 2 & JV Boskalis-Van Oord Sign a Letter of Intent for Rock Placement
Russia >> 7/13/2017 - Project developer Nord Stream 2 AG has signed a Letter of Intent with the Dutch joint venture Boskalis-Van Oord to provide rock placement services as part of the construction of the planned twin 1,200...
LyondellBasell Grants Spherizone & Lupotech T Licenses
China >> 7/12/2017 - LyondellBasell (LYB) announced that Shaanxi Coal Yulin Energy and Chemical Co., Ltd. has selected LyondellBasell’s Spherizone and Lupotech T technologies. The technologies will be used in the Jingbian...
China Expects LNG Receiving Capacity To Reach 100MM Tonnes by 2025
China >> 7/12/2017 - China's liquefied natural gas (LNG) receiving capacity is expected to rise 8.6 percent a year to 100 million tonnes by 2025, China's state planner said, as the country ramps up investment to support u...

Global Oil & Gas News

PETRONAS & Partners Will Not Proceed with Pacific Northwest LNG Project
Canada >> 7/26/2017 - PETRONAS and its partners have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia, Canada. The decision was made after a careful and total review of the p...
Senex Energy Makes Birkhead Oil Discovery on Cooper Basin
Australia >> 7/25/2017 - Senex Energy Limited (Senex) has made a Birkhead oil discovery on the western flank of the South Australian Cooper Basin, with the Marauder-1 well flowing at 655 barrels of oil per day (bopd) on a dri...
Andes Energia Conditionally Combines with Trefoil Holdings
United Kingdom >> 7/24/2017 - Andes Energia PLC (Andes) is pleased to announce the conditional combination with Trefoil Holdings, the holding company that indirectly owns over 99.99% of Petrolera El Tre?bol S.A.(PETSA), the operat...
W&T Offshore Wins Rig Contract to Drill ST 224 Prospect
United States >> 7/24/2017 - Otto Energy Limited (Otto) is pleased to advise that the Operator of ST 224, W&T Offshore, Inc. (W&T), has contracted the Enterprise Offshore 264 jackup rig to drill the ST 224 prospect. The well is e...
Husky Energy See Possible Acquisitions
Canada >> 7/21/2017 - Canadian oil and gas producer Husky Energy Inc sees an increased opportunity for asset purchases, but will have a "high bar" for determining whether to buy, company Chief Executive Officer Rob Peabody...
Yokogawa Acquires Norwegian Company with Advanced Chemical Injection Technology
Norway >> 7/21/2017 - Yokogawa Electric Corporation announces the acquisition of TechInvent2 AS, a Norwegian enterprise that holds the rights to FluidCom™, a chemical injection metering valve (CIMV). FluidCom prevents bloc...
Maersk Oil Completes Culzean Jacket Installation
United Kingdom >> 7/21/2017 - The Maersk Oil operated high pressure, high temperature (HPHT) Culzean development in the UK North Sea has reached a key milestone with the safe installation of all three of the project’s jackets, on ...
LyondellBasell to Build the World's Largest PO/TBA Plant in Texas
United States >> 7/21/2017 - LyondellBasell (LYB), one of the world's largest plastics, chemicals and refining companies, today announced the final investment decision to build the world's largest propylene oxide (PO) and tertiar...
MOL Group Partners with Evonik and Thyssenkrupp for its Key Strategic Investment
Hungary >> 7/20/2017 - Half a year after the announcement of the 2030 strategy, MOL Group has reached an important milestone in its industrial transformational journey. The license agreements signed with Evonik and thyssenk...
Ichthys LNG Project’s Giant FPSO Sails Away
Australia >> 7/19/2017 - The INPEX-operated Ichthys LNG Project’s floating production, storage and offloading (FPSO) facility–Ichthys Venturer–safely sailed away yesterday evening from waters near its construction site in Okp...
Norske Shell Receives Consent to Use Island Constructor
Norway >> 7/19/2017 - AS Norske Shell has received consent for the use of Island Constructor for the start-up of well 6407/9-G-5 on the Draugen field. Planned start-up is August/September 2017. ...
ABB Wins $30 million Order to Support Integration of Offshore Wind Energy in the UK
United Kingdom >> 7/19/2017 - ABB has won a $30 million order from ScottishPower Renewables to supply two SVC Light® Static Compensators (STATCOMs) that will smooth out the voltage fluctuations that are an inherent feature of inte...
Quadrant Energy Signs Rig Contract for Phoenix South-3 Well
Australia >> 7/18/2017 - Carnarvon Petroleum Limited (Carnarvon) provides the following update on its upcoming drilling program as advised by the operator, Quadrant Energy. ...
Statoil Grants Drilling Permit for Wells 6507/8-9 & 6507/8-U2
Norway >> 7/18/2017 - The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wells 6507/8-9 and 6507/8-U2, cf. Section 8 of the Resource Management Regulations. ...
Rolls-Royce Signs New Service Agreement
United Kingdom >> 7/18/2017 - Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce. The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem-owned compan...
Premier Oil Receives Approval for Refinancing
United Kingdom >> 7/18/2017 - Premier is pleased to announce that the schemes of arrangement (the Schemes) of Premier and Premier Oil UK Limited received final sanction today at a hearing of the Court of Session in Scotland. Follo...
President Energy Announces Update on Puesto Guardian Concession
Argentina >> 7/17/2017 - President Energy (PPC), the upstream oil and gas company, provides an update on its continued work-over program at its Puesto Guardian Concession, Argentina (the Concession). ...
Cooper Energy Still Seeking Financing for Sole Gas Project
Australia >> 7/17/2017 - Cooper Energy Limited provides the following update on the status of the Sole gas project debt financing. The company is pursuing a dual stream process to identify and secure the optimal financing for...
e.GO Mobile Relies on ERP Software from PSI
Germany >> 7/17/2017 - PSI Automotive & Industry GmbH has been selected by the e.GO Mobile AG as the ERP partner in the production network for the manufacture of their newly developed electrical city car e.GO Life. In the f...
Providence Provides Technical Update on Licencing Option 16/27
Ireland >> 7/17/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company (Providence), provides a technical update regarding Licensing Option 16/27 (LO 16/27) which is located in the central Porcu...
Statoil, ENI & Petoro Make Small Gas Discovery in Barents Sea
Norway >> 7/17/2017 - Statoil and partners ENI and Petoro have made a small gas discovery in the Blamann well, between the Snohvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2-3 billion stan...
SBM Offshore Agrees Heads of Terms on Yme Insurance Claim
Norway >> 7/17/2017 - SBM Offshore has agreed Heads of Terms for settlement with a 73.6% majority group of the US$500 million primary insurance layer for the settling of insurers’ shares of SBM Offshore’s insurance claim r...
Lundin Norway Grants Drilling Permit for Well 7220/11-4 A
Norway >> 7/17/2017 - The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4 A, cf. Section 8 of the Resource Management Regulations. Well 7220/11-4 A will be drilled from the...
Small Gas Discovery in the Barents Sea
United Kingdom >> 7/17/2017 - Statoil and partners ENI and Petoro have made a small gas discovery in the Bl?mann well, between the Sn?hvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2-3 billion stan...
Centrica and Bayerngas Norge to Create E&P Joint Venture
United Kingdom >> 7/17/2017 - Centrica plc (Centrica) and Stadtwerke Munchen GmbH (SWM) have reached an agreement to combine Centrica’s European oil and gas exploration and production (E&P) business with Bayerngas Norge AS (Bayern...
TAQA Awards Schlumberger EPCIC Contract for Otter Field
TAQA Awards Schlumberger EPCIC Contract for Otter Field United Kingdom >> 7/17/2017 - OneSubsea, a Schlumberger company, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a subsea multiphase boosting system by TAQA for the O...
ABB to Provide Innovative Traction Power Solution for UK Railway Network
United Kingdom >> 7/17/2017 - ABB has won a $20 million contract from Network Rail to provide a trackside power electronics solution for new high-speed electric trains. ...
Agilent Introduces New High-Sensitivity NGS Target Enrichment Solution
United States >> 7/17/2017 - Agilent Technologies Inc. introduced its newest next-generation sequencing (NGS) library prep solution — Agilent SureSelectXT HS — a complete target enrichment research solution that provides total wo...
Venezuela Signed MOU to Increase Oil Production
Venezuela >> 7/15/2017 - The Minister of Popular Oil, Nelson Martinez, signed a memorandum of understanding between the Bolivarian Republic of Venezuela and the Horizontal Well Drillings Company (HWD Production LLC ) For the ...
Barossa Offshore Project Proposal Published for Public Comment
Australia >> 7/13/2017 - ConocoPhillips is pleased to advise that the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has published the Barossa Area Development Offshore Project Proposal (B...
Statoil Secures Drillship for Exploration Drilling in Brazil
Brazil >> 7/13/2017 - Statoil Brasil Oleo e Gas Ltda has awarded Seadrill rig contracts for exploration drilling in the BM-S-8 license in the Santos basin. The agreement includes two contracts: Seadrill Offshore AS will pr...
Cenovus Expects Up to C$2.5b from Weyburn & Palliser Sales
Canada >> 7/13/2017 - Canadian oil and gas producer Cenovus Energy Inc has hired investment banks to sell the Weyburn and Palliser oil assets, which it hopes would fetch as much as C$2.5 billion ($2 billion), according to ...
Providence Resources Grants Barryroe Licence Extension
Ireland >> 7/13/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an update on Standard Exploration Licence (SEL) 1/11 that contains the Barryroe oil accumulation. SEL 1/11 is ope...
Lundin Petroleum Successfully completes Alta Appraisal Well
Norway >> 7/13/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the drilling and production testing of Alta a...
EDF Energy Renewables Buys 11 New Scottish Wind Farm Sites
United Kingdom >> 7/13/2017 - EDF Energy Renewables (EDF ER) has bought 11 wind farm sites from Partnerships for Renewables, a development and asset management company. The sites in Scotland have a potential capacity of 600 MW.
Honeywell UOP Introduces New Connected Plant Service to Improve Dehydration of Natural Gas
United States >> 7/13/2017 - Honeywell (HON) UOP introduced its new Connected Plant ARMGuard™ system, a remote monitoring service that helps natural gas processors manage the adsorbents that are used to remove water from natural ...
Statoil Strengthens Position in Brazilian Licence BM-S-8
Brazil >> 7/12/2017 - Statoil ASA and Queiroz Galvao Exploraçao e Produçao (“QGEP”) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin. The additional 10% equ...
New Siemens Technology to Enhance Mobile Signal Reception in the Rhein-Ruhr Express
Denmark >> 7/12/2017 - The Rhein-Ruhr Express (RRX), a train for Germany's Rhine-Ruhr metropolitan region, will be the world's first train in series production to feature a new radio-frequency windowpane solution from Sieme...
Wartsila to Ensure Reliable Operations of Solar Power Plant in Burkina Faso
Finland >> 7/12/2017 - The technology group Wartsila signed its first Asset Management Agreement for a photovoltaic (PV) power plant in April 2017. Wartsila will assume full responsibility for the operation and maintenance ...
Providence Resources Commences Drilling Operations in FEL 2/14
Ireland >> 7/12/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine Basin. ...

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