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National Oil Companies News and Press Releases

Rosneft Attracts a Consortium of Japanese Companies to Undertake Joint Exploration
Rosneft and a consortium of Japanese companies comprising Marubeni Corporation, Japan Oil, Gas and Metals National Corporation (JOGMEC) and INPEX CORPORATION have signed a Heads of Agreement in relati...
12/16/2017 - Exploration - Russia
ADNOC Awards CNPC Stake in ADCO Onshore Concession
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...
2/19/2017 - Acquisitions and Divestitures - United Arab Emirates
Rosneft Starts Drilling the First Exploration Well at the Solimoes Project
Rosneft Brasil (100% owned Rosneft subsidiary) started the drilling of the first exploration well in the Solimoes Basin. Rosneft is commencing the next phase of the exploration program in the Amazon r...
2/16/2017 - Drilling - Brazil
Gazprom Neft Implementing Advanced Process Control Systems at Moscow Refinery
An advanced process control (APC) system is currently being implemented at the Gazprom Neft Moscow Refinery, directed at increasing effectiveness and optimising the operation of the plant’s production...
2/16/2017 - Monitoring & Control - Russia
Rosneft Reviewed the Results of DeGolyer & MacNaughton's Independent Audit of Hydrocarbon Reserves
According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification Rosneft proven hydrocarbon reser...
2/15/2017 - Geological and Geophysical - Russia
Gazprom Neft Developing Oil-Production Technologies for Gas Cap Drive Reservoirs
As part of its ongoing “Technology Strategy”, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap. Implementation of the projec...
2/15/2017 - Production - Russia
OPEC Data Confirm Irans Oil Output within Limits
Irans crude oil production rose by 50,200 barrels per day in January over the previous month, reaching 3.75 million bpd, OPEC said in its monthly report on Monday, citing secondary sources, Financial ...
2/15/2017 - Crude Oil - Iran
SOCAR & IBM Sign Memorandum on Strategic Cooperation
A Memorandum on Strategic Cooperation was signed with US IBM at the headquarters of SOCAR. The memorandum was signed by SOCAR President Rovnag Abdullayev and Senior Vice President of IBM and the chair...
2/15/2017 - Investment - Russia
Training on EBSCO Services Held at BHOS
Baku Higher Oil School (BHOS) hosted scheduled training session entitled “EBSCO Discovery Service (EDS): Scholarly Searching for Research and Education”.Regional Manager for CIS Countries of EBSCO Inf...
2/14/2017 - Oil & Gas Companies - Azerbaijan
Iran Explored 30 bln Barrels of Oil
Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) stated. ...
2/14/2017 - Exploration - Iran
Gazpromneft & China Aviation Oil Sign New Agreement on Refueling in Russia
Gazpromneft-Aero, jet fuel business operator of Gazprom Neft, and Chinese national jet fuel supplier China Aviation Oil Hong Kong Co. Ltd. (CAOHK) signed a new agreement on fueling CAOHK designated ai...
2/14/2017 - Jet fuel - Russia
Venezuela Signed 8 Oil Cooperation Agreements With China
Petroleos de Venezuela, S.A. (PDVSA) ratified its cooperation with the People's Republic of China in 8 agreements as part of the XV China-Venezuela Joint High Level Commission held in the Jose Felix R...
2/14/2017 - Exploration - Venezuela
Lotos Seeking Long-term Iran Oil Supply Deal
Polands second-biggest refiner Lotos is eying for sealing a long-term oil supply deal with Iran. Lotos Chief Executive Officer Marcin Jastrzebski stated that the deal could be signed with Iran after h...
2/13/2017 - Oil - Iran
Rosneft Boosted its Throughput at German Refineries & Increased Crude Oil Deliveries
Rosneft Deutschland GmbH (a Rosneft subsidiary) started operating business in Germany, key European market for refined products. Rosneft boosted its throughput at refineries in Germany to 12.7 mmt in ...
2/13/2017 - Oil Treating & Refining - Germany
BHOS is Strengthening Cooperation with University of Houston
Rector of Baku Higher Oil School (BHOS) Elmar Gasimov met with Cultural and Educational Affairs Officer of the USA Embassy in Azerbaijan Amy Petersen. Having welcomed the quest, the rector provided in...
2/13/2017 - Oil & Gas Companies - Azerbaijan
Malaysia's Petronas May Consider Relocating Canada LNG Project
Malaysia's state-owned oil firm Petroliam Nasional Bhd may consider relocating its Canadian liquefied natural gas (LNG) export terminal project, state news agency Bernama said on Monday quoting Chairm...
2/13/2017 - LNG Processing - Canada
First Bilateral Horizontal Wells Constructed at Novoportovskoye Field
The successful application of new technology in constructing multilateral wells has allowed Gazpromneft-Yamal (a Gazprom Neft subsidiary, currently developing the Novoportovskoye field) to increase re...
2/13/2017 - Drilling - Russia
7thNorth Africa Petroleum Exhibition & Conferences (NAPEC) 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 ...
2/12/2017 - Production - Algeria
No Trouble Talking Oil with Saudis
Iran has no trouble for talks with Saudi Arabia in order to stabilize the oil market, stated Minister of Petroleum Bijan Zangeneh as he praises OPEC commitment to production cuts. ...
2/11/2017 - Oil - Iran
Abu Dhabi Seeks over 240,000 T Gasoline after Recent Fire
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,...
2/10/2017 - Gasoline (Lead free) - United Arab Emirates
Gazprom Neft Among the Winners at This Year’s Global Cio “Project Of The Year” Competition
Gazprom Neft has been named among the winners at this year’s annual “Project of the Year” competition, held by Global CIO, Russia’s Chief Information Officer (CIO) community, nominated for “Best Large...
2/10/2017 - Oil & Gas Companies - Russia
Rosneft's Volga Refineries in Limbo Over Tax Reform & Low Oil Prices
Some of the domestic refineries of Russia's largest oil producer Rosneft have been hit hard by tax reforms and weaker oil prices, putting a strain on profits, sources and analysts told Reuters on Frid...
2/10/2017 - Financials and Investment - Russia
Omsk Refinery 2016 Year Show a Proportional Increase in Light Petroleum Products Production
Year-end data for 2016 shows the Gazprom Neft Omsk Refinery processed a total 20.5 million tonnes of crude oil, maintaining its leading position in the Russian refining industry. Moreover production o...
2/9/2017 - Production - Russia
Gazprom Neft & Rostelecom Sign Strategic Partnership Agreement on Innovative Development
Gazprom Neft and Rostelecom have signed a strategic partnership agreement on innovative development and the Industrial Internet, the core aim of which is the establishment of long-term and effective c...
2/8/2017 - Development - Russia
Turkish Ambassador Visits BHOS
Rector of Baku Higher School (BHOS) Elmar Gasimov met with the Ambassador of Turkey to Azerbaijan Erkan Ozoral. Welcoming the honorable guest, Mr. Gasimov spoke about close relations between two broth...
2/8/2017 - Oil & Gas Companies - Azerbaijan
Sales of Gazprom Neft Bitumen Materials Up 10% in 2016
Sales at Gazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, increased to 1.88 million tonnes in 2016 — an increase of 10 percent on 2015. Sales of premium cements and binde...
2/7/2017 - Production - Russia
Qatar Petroleum Joins Consortium to Develop Pakistan LNG Project
Qatar Petroleum (QP), Total, Mitsubishi, ExxonMobil, and Hoegh announced their commitment to advance a liquefied natural gas (LNG) import project in Pakistan in collaboration with Global Energy Infras...
2/7/2017 - Natural Gas - Pakistan
American Oil Firms May Be Hindered Participating in Irans Projects
Iran has imposed no restrictions on U.S. oil firms willing to take part in energy projects in the country but American sanctions make such cooperation impossible, Irans deputy oil minister said on Mon...
2/7/2017 - Mergers and Acquisitions - Iran
Gazprom Neft Omsk Refinery Implementing Environmental Project of Federal Significance
The Gazprom Neft Omsk Refinery has begun preparations for the construction of a closed waste treatment facility. This new environmental initiative at the Omsk Refinery, by decree of the Government of ...
2/6/2017 - Environmental Services - Russia
Iran Declares Major Hydrocarbon Discoveries
A top Iranian oil official stated that the country has discovered 15 billion barrels of new in-place oil reserves, but around 2 billion barrels of the reserves were “recoverable”. ...
2/6/2017 - Exploration - Iran
Ambassador of India Visited BHOS
Rector of Baku Higher School (BHOS) Elmar Gasimov met with Ambassador of India to Azerbaijan Sanjay Rana. Rector Elmar Gasimov welcomed the honourable guest to the Higher School and wished him succes...
2/6/2017 - Oil & Gas Companies - Azerbaijan
About 2.5 mln tons of Azerbaijani Oil Transported via BTC in January 2017
2 mln 412 thousands 263 tons of Azerbaijani oil were transported via BTC main export pipeline in January 2017. In general, 323 million 950 thousands 325 tons of oil have been pumped to BTC since the ...
2/6/2017 - Production - Azerbaijan
Oil Sector to Employ over 2000 Kuwaitis in 2017-2018
Kuwait Petroleum Corporation (KPC) is set to employ over 2000 Kuwaitis for the fiscal year 2017-2018. With the new employment, the number of new Kuwaiti workers in the oil sector will reach 4000 for t...
2/5/2017 - Labor Services - Kuwait
Total to Develop South Pars Phase 11
Frances giant Total has already set in motion its plans to develop Irans energy projects, a move that would probably make other global known energy firms uncertainty away about the prospects for makin...
2/4/2017 - Development - Iran
Sales of G-Energy Lubricants Produced by Gazpromneft Increased by 30% in 2016
Sales of G-Energy lubricants, produced by Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, increased by 30 percent in 2016, to 41,000 tonnes, with sales of various premium-cla...
2/3/2017 - Lubricants, Oils & Greases - Russia
Drilling Works for January 2017
SOCAR (excluding Joint Ventures and Operating Companies) conducted 11146 metres of drilling works in January 2017. All of this amount fell to the share of development drilling. ...
2/3/2017 - Drilling - Azerbaijan
RN-Yuganskneftegaz Increased Production by 2% in 2016
RN-Yuganskneftegaz, Rosneft subsidiary, increased oil production by 2% in 2016 compared to the same period of 2015 (62.4 mln t) - up to 63.6 mln t. Cumulative oil production of the company exceeded ...
2/2/2017 - Production - Russia
Aramco Deploys Innovative Electrical Submersible Pumping System
Saudi Aramco has announced the successful installation and functional test of the collaboratively developed Baker Hughes TransCoil rigless deployed electrical submersible pumping (ESP) system. ...
2/1/2017 - Submersible Pumps - Saudi Arabia
Crude Oil & Oil Products Export for January 2017
SOCAR has exported 79 thousand 935 tons of crude oil from Novorossiysk port, 176 thousands 109 tons from Supsa port, 1 398 thousands 440 tons from Ceyhan port in January 2017. The indices of crude oil...
2/1/2017 - Crude Oil - Azerbaijan
Crude Oil Prices in the World Market in January 2017
In January 2017, price for Brent crude oil in the world market was $ 54,67 per barrel, Urals oil - $ 53,66 and BTC FOB Ceyhan crude oil - $ 55,14.
2/1/2017 - Crude Oil - Azerbaijan
Test Drilling with Russia’s First Ever PDC Drill Bit Successfully Completed by Gazprom Neft
Gazprom Neft has successfully completed pilot testing of Russia’s first ever domestically produced polycrystalline diamond composite (PDC) drill bit, during pilot drilling at its Vyngapurovskoye field...
1/31/2017 - Testing - Russia
Schneider Electric’s Training Centre Established at BHOS
Schneider Electric Company in Azerbaijan has provided Baku Higher Oil School (BHOS) with the Triconex Demo system for production operations safety based on the Tricon (SIL-3) controller. It is set up ...
1/31/2017 - Safety Services - Azerbaijan
A working Meeting Between Igor Sechin and Governor of the Tver Region Igor Rudenya Took Place
Rosneft Chief Executive Officer Igor Sechin held a meeting with Governor of the Tver region Igor Rudenya during which they discussed a wide range of issues of cooperation between the Company and the r...
1/31/2017 - Oil & Gas Companies - Russia
Rosneft & Statoil Start Pilot Drilling as Part of the Development of Domanik Sediments
Domanik Oil, the joint venture of Rosneft and Statoil (Rosneft 51%; Statoil 49%), has started drilling the first well as part of an exploration program to study tight hydrocarbon reserves of Domanik s...
1/31/2017 - Drilling - Russia
Ambassador of Mexico Visited BHOS
A meeting of Rector of Baku Higher Oil School (BHOS) Elmar Gasimov with the Ambassador of the United Mexican States to Azerbaijan Rodrigo Labardini and attaché of the Embassy Mario Fernandez took plac...
1/30/2017 - Oil & Gas Companies - Azerbaijan
President Maduro Appointed New PDVSA Board of Directors
The President of the Bolivarian Republic of Venezuela, Nicolas Maduro, during his program Los Domingos con Maduro, held in Ciudad Guayana, Bolivar state, appointed a new Board of Directors of Petroleo...
1/29/2017 - Executive Recruiting - Venezuela
Japan Imports Iranian Major Condensate Cargo
Japan has started importing Iranian condensate – a form of ultra light oil - from two newly launched phases of the countrys giant South Pars gas field. ...
1/28/2017 - Oil - Iran
South Sudan Aims to More Than Double Oil Output in 2017/18
South Sudan plans to more than double oil production to 290,000 barrels per day (bpd) in fiscal 2017/2018, the finance minister said, indicating a target higher than the level recorded shortly before ...
1/27/2017 - Production - South Sudan
Renewable Energy Sources Seminar Held at BHOS
A scheduled session of ongoing seminar entitled “Renewable Energy Sources: Challenges and Prospects” was held at Baku Higher Oil School (BHOS). Representatives from state agencies, various institution...
1/27/2017 - Renewable Energy - Azerbaijan
PetroChina Aims to Meet a Third of China's Shale Gas Target by 2020
China's biggest energy giant PetroChina plans to step up shale gas development in Sichuan province this year, aiming to meet a third of a 2020 government target for the unconventional resource, accord...
1/27/2017 - Shale Gas - China

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