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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
LNG Train 9 in Sarawak Moves to Commercial Operations Phase
Petronas announced Monday that its LNG Train 9 in Bintulu, Sarawak, has moved to the commercial operations phase as of Jan. 1. With its commercial operations start-up on target, the liquefied natural ...
1/23/2017 - LNG Carriers - Malaysia
BP-Azerbaijan Vice President Made a Presentation at BHOS
Annual series of BP presentations at Baku Higher Oil School (BHOS) commenced in January 2017 with a lecture entitled “General overview of BP operations in Azerbaijan-Georgia-Turkey Region”. ...
1/23/2017 - Oil & Gas Companies - Azerbaijan
China to Tender More Xinjiang Oil & Gas Blocks to Non-State Firms
China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported, as Beijing steps up efforts to bo...
1/23/2017 - Exploration - China
Saudi Aramco Operating 220 Rigs, Says Energy Minister
Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices, Saudi Arabia's energy minister told Sky News Arabia in a progra...
1/22/2017 - Rigs - Saudi Arabia
Important Progress in the Recovery of Oil Prices
The Minister of Popular Oil, Nelson Martinez, offered statements following his first meeting of the OPEC Joint Monitoring Ministerial Committee and not OPEC, noting that it was very positive and that ...
1/22/2017 - Financials and Investment - Venezuela
SOCAR Senior Executives Attend World Economic Forum Annual Meeting in Davos
Azerbaijani delegation led by President of the Republic of Azerbaijan Ilham Aliyev at the World Economic Forum Annual Meeting in Davos on January 16-19, 2017, held a series of meetings, including the ...
1/21/2017 - Oil & Gas Companies - Azerbaijan
Gazprom Neft Commissions Two New Production Wells at its Prirazlomnoye Field
Gazprom Neft subsidiary Gazpromneft-Shelf has commissioned two new production wells at its Prirazlomnoye field, bringing the total number of wells currently in operation at the Prirazlomnaya platform ...
1/21/2017 - Production - Russia
Saudi Aramco to Boost Gas Production at Hawiyah, Haradh
Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said. ...
1/20/2017 - Production - Saudi Arabia
PDVSA & Rosneft Strengthen Strategic Alliance
Petroleos de Venezuela, S.A. (PDVSA) and representatives of the Russian company Rosneft assessed the progress of various joint projects, including the offshore gas developments of the Mariscal Sucre p...
1/19/2017 - Development - Venezuela
Gazprom Neft’s Moscow Refinery Improves Refining Efficiency In 2016
Gazprom Neft’s Moscow Refinery refined a total 10.7 million tonnes of oil in 2016, with production of light oil products increasing to 58.1 percent (a two-percent increase on 2015). Conversion rate at...
1/19/2017 - Oil Treating & Refining - Russia
Rosneft Announces Successful Finalization of a Project with Saras S.p.A.
Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, announces the agreement to sell to institutional investors 114,120,000 ordinary shares in Saras S.p.A., representi...
1/18/2017 - Mergers and Acquisitions - Italy
PDO Invites Firms to Unlock Potential of Habhab Heavy Oilfield
Majority state-owned Petroleum Development Oman (PDO) is looking to partner with international oil and gas companies in harnessing the prodigious hydrocarbon potential of its Habhab oilfield – a large...
1/18/2017 - Heavy Oil - Oman
SOCAR Hosts Czech Delegation
The delegation of Czech Republic headed by Minister of Industry and Trade Jan Mladek visited SOCAR main office and met with SOCAR Vice President for Field Development Yashar Latifov. ...
1/17/2017 - Development - Azerbaijan
Gazprom Neft’s G-Energy Team Wins Africa ECO Race 2017 Marathon Rally
Gazprom Neft’s G-Energy team (Vladimir Vasiliev and Konstantin Zhiltsov), driving an off-road mini and supported by Gazpromneft-Lubricants, have secured a landslide victory in the Africa Eco Race mar...
1/17/2017 - Lubricants, Oils & Greases - Russia
Rospan Increased Gas Production by 46% & Gas Condensate Production by 48%
In 2016, Rospan International, Rosneft subsidiary, increased gas production by 46 % YoY t? reach 6.2 bcm. Gas condensate production increased by more than 48% YoY, to over 1.2 mmt. The production grow...
1/16/2017 - Production - Russia
South Koreas Iranian Oil Imports Up 8 Times
Official figures manifest that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago _ suggesting that the country is getting a stronger position in the...
1/16/2017 - Oil - Iran
ADNOC Shuts Half Capacity at Ruwais Refinery after Fire
Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said. ...
1/16/2017 - Production - United Arab Emirates
Gazpromneft-Aero is the First Russian Company to Automate Recordings of Aviation Fuel Supplies
Gazpromneft-Aero is the first Russian aviation fuel operator to switch to automated recording of aviation fuel supplies when refueling commercial aircrafts. This will substantially reduce the time req...
1/16/2017 - Fuel oil - Russia
Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
State energy group PetroVietnam (PVN) signed an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp on Friday to develop the country's biggest gas project for power generation, the state firm ...
1/13/2017 - Development - Vietnam
NNPC Proposes Changes to Increase Deepwater Oil Revenues
Nigeria's state oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production. OPEC member Nigeria has been hit hard...
1/13/2017 - Oil Field Services - Nigeria
Project Participants Awarded at BHOS
An awarding ceremony dedicated to completion of the Quantum Physics Presented by Young Scientists was held at Baku Higher Oil School (BHOS). The project was implemented with financial support from You...
1/12/2017 - Oil & Gas Companies - Azerbaijan
China's CNPC Forecasts Record Oil Demand, Warns On Product Glut
China's crude oil demand will grow by 3.4 percent this year to a record of almost 12 million barrels per day (bpd), the country's top state-owned oil producer forecast on Thursday, as refiners in the ...
1/12/2017 - Oil - China
SOCAR’s Budget Payments for December 2016
SOCAR paid AZN 129 million 56 thousand to the State Budget in December 2016 which is AZN 53 million 736 thousand (171,3%) more than the same period of 2015. For January-December 2016, SOCAR transferre...
1/11/2017 - Financials and Investment - Azerbaijan
SOCAR’s Statement on Gas Pipeline Accident
Maintenance and repair works started at main gas pipeline. A fire broke out at 1000-mm Sangachal - Gazimammad main gas pipeline, on January 10 at about 20.45 pm. Gas pipeline was localised to extingui...
1/11/2017 - Maintenance and Repair - Azerbaijan
Russia's Tuapse Oil Refinery Yet to Restart Main Unit After Fire
Russia's Tuapse oil refinery, which is owned by Rosneft, has yet to restart its sole primary processing CDU-12 unit after a pump was damaged by a fire on Wednesday, the energy ministry said. Plant off...
1/11/2017 - Oil Treating & Refining - Russia
Gazprom Neft Expects to Start Pilot Project Works at Severo-Samburgskoye Field in 2017
Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 201...
1/10/2017 - Production - Russia
Rosneft Signs Oil Supply Deal With Firm Linked to Qatar & Glencore
Russian oil major Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 million tons of crude in total over a 5-year period, Rosneft said in a ...
1/10/2017 - Mergers and Acquisitions - Russia
2,4 million tons of Azerbaijani Oil Transported via BTC in December 2016
2 million 386 thousand 450 tons of Azerbaijani oil were transported via BTC main export pipeline in December 2016. 28 mln 862 thousand 673 tons of oil were exported from Ceyhan Port in January-Decemb...
1/9/2017 - Oil and Gas Pipeline - Azerbaijan
Gazprom Neft Discovers New Field in Orenburg Oblast
Gazprom Neft subsidiary Gazpromneft Orenburg has discovered a new field — the Novosamarskoye — in the Sorochinsky district of the Orenburg Oblast. Initial oil-in-place reserves are estimated at more t...
1/9/2017 - Exploration - Russia
Azeri Oil Exports via Turkey Pipeline Rise 1.3 Pct in 2016
Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey rose 1.3 percent last year to total 28.86 million tonnes, state energy company SOCAR said on Monday. Oil exports...
1/9/2017 - Oil - Azerbaijan
Rosneft Strengthens Cooperation with China
Rosneft and CNPC signed an amendment to the agreement envisaging additional supplies via Kazakhstan and the prolongation of the contract signed on 21.06.2013 till 31.12.2023. Deliveries from 01.01.201...
1/9/2017 - Oil & Gas Companies - Russia
1,9 mln tons of Oil Delivered from Ceyhan Port to World Market in December 2016
1 mln 887 thousand 729 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in December 2016. ...
1/9/2017 - Oil - Azerbaijan
Drilling Works for December 2016
SOCAR (excluding Joint Ventures and Operating Companies) conducted 4882 metres of drilling works in December 2016. Of this amount, 4839 metres were development drilling and the rest - exploration dril...
1/6/2017 - Drilling - Azerbaijan
Crude Oil & Oil Products Export for December 2016
In December 2016, SOCAR has exported 79 846 tons of crude oil from Novorossiysk port, 170 965 tons from Supsa port, and 1 290 954 tons from Ceyhan port.Generally, 1 217 799 tons of crude oil was expor...
1/5/2017 - Crude Oil - Azerbaijan
BHOS Student Completed Pearl of Garabagh Project
Fifth-year Chemical Engineering student of Baku Higher Oil School (BHOS) Ruslan Hadjiyev became a winner of 8th contest for grants of the Youth Foundation under the President of the Azerbaijan Republi...
1/5/2017 - Oil & Gas Companies - Azerbaijan
Crude Oil Prices in December 2016
In December 2016, price for Brent crude oil in the world market was $53,60 per barrel, Urals oil - $52,69 and BTC FOB Ceyhan crude oil - $54,92.
1/5/2017 - Crude Oil - Azerbaijan
Iran Discloses Giants Eligible for New Oil Plans
A list of over two dozen international energy firms has been publicized by National Iranian Oil Company (NIOC) in which there has been named qualified companies to bid for the countrys new oil and gas...
1/3/2017 - Mergers and Acquisitions - Iran
NNPC Awards 2017 Crude Oil Term Contracts to 39 Companies
State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said. The contracts covering about 1.31 million barrels per day (bpd...
1/3/2017 - Exploration - Nigeria
ENAP & YPF Announce Operational Update of PIAM Project
ENAP Sipetrol Argentina complied with one of the key stages of the Magallanes Area Incremental Project (PIAM): the arrival of the ship that will run the new gas pipeline from Faro Virgenes to the AM2 ...
1/3/2017 - Pipe Lines Installations - Chile
Asias November Imports of Iranian Oil more than Double from Year Ago
Imports of crude oil by Irans four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and South Korea more than four times higher, ...
12/31/2016 - Oil - Iran
Sinopec Starts Supplying Cleaner Fuel to Beijing in Anti-Smog Drive
China's largest state refiner Sinopec Corp on Friday began supplying the Chinese capital with a new, lower-emission grade of petrol and diesel in line with efforts to combat smog that has plagued the ...
12/30/2016 - Fuel oil - China
Gazprom Neft Organises Projects for Civic Activists in Omsk & Khanty-Mansiysk
As 2016 draws to a close, Gazprom Neft has reviewed the outcomes of its “Your Town in Your Own Hands” project laboratory, organised as part of the company’s “Home Towns” corporate social responsibilit...
12/29/2016 - Oil & Gas Companies - Russia
Rosneft Raises Exposure to Germany's Oil Refining After BP Deal
Russia's largest oil producer and its shareholder BP have completed dissolution of Ruhr Oel, their refining joint venture in Germany, Rosneft said on Thursday. ...
12/29/2016 - Oil Treating & Refining - Germany
Rosneft & BP Conclude Dissolution of the Refining Joint Venture Ruhr Oel GmbH in Germany
Rosneft and BP announce the completion of the deal to dissolve the refining and petrochemical Joint Venture Ruhr Oel GmbH (ROG) in Germany with effect from January 1, 2017. ...
12/29/2016 - Mergers and Acquisitions - Germany
Gazprom Neft Begins Pre-commissioning at Complex Gas Treatment Plant (CGTP)
Pre-commissioning works for a complex gas treatment plant (CGTP) have commenced at the Badra oilfield, Iraq, operator of which is Gazprom Neft. The facility, with a production capacity of 1.6 billion ...
12/29/2016 - Gas Treating - Iraq
85th Anniversary of Farman Salmanov Celebrated at BHOS
A conference dedicated to the 85th anniversary of the outstanding Azerbaijani oilman and geologist, Hero of Socialist Labor, Doctor of Geological and Mineralogical Sciences, corresponding member of th...
12/28/2016 - Oil & Gas Companies - Azerbaijan
SOCAR Hosts Iranian Delegation
SOCAR President Rovnag Abdullayev met with a delegation led by Mahmoud Vaezi, Iran's Minister of Communication and Information Technology, co-chairman of intergovernmental commission. ...
12/28/2016 - Oil & Gas Companies - Azerbaijan
Petronas to Eye New Site in $27 Billion Canada LNG Plan
Malaysia’s Petroliam Nasional Bhd. is seeking to move ahead with a proposed $27 billion liquefied natural gas project in western Canada after identifying a new site for shipping the fuel, a shift that...
12/28/2016 - LNG Processing - Canada
Gazprom Neft Begins Pre-Commissioning Works on Orenburgskoe Field
Gazprom Neft has completed construction and begun pre-commissioning works on gas-transportation infrastructure at the Eastern section of the Orenburgskoe oil and gas condensate field. A gas pipeline w...
12/28/2016 - Oil and Gas Pipeline - Russia

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