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National Oil Companies News and Press Releases

ADNOC Grants Total 40% Stake in Unconventional Gas Concession
On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, granting it a 40% stake in the Ruwais Diyab Unconventiona...
11/11/2018 - Acquisitions and Divestitures - United Arab Emirates
Igor Sechin Holds Working Meeting with the CEO of Saudi Aramco Amin Nasser
Chief Executive Officer of Rosneft Igor Sechin held a working meeting with Chief Executive Officer of Saudi Aramco Amin Nasser. During the meeting, the heads of the two major hydrocarbon producers dis...
11/9/2018 - Oil & Gas Companies - Russia
Russia's Rosneft Says Qatari Fund to pay 3.7 billion Euros for Rosneft Stake
Russian oil giant Rosneft said that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a 14.16 percent stake in the company. The QIA would beco...
11/6/2018 - Oil & Gas Companies - Russia
Bahr Essalam Phase 2 Project to Complete by End of 2018
National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with the CEO of Italian oil major Eni, Claudio Descalzi, at NOC headquarters on November 3, 2018, to discuss ongoing in-country opera...
11/4/2018 - Production - Libya
Supreme Petroleum Council Approves ADNOC’s 2019-2023 Business Plan
Abu Dhabi’s Supreme Petroleum Council (SPC) approved the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per...
11/4/2018 - Investment - United Arab Emirates
ADNOC Sour Gas Installs Remelter Facility at Shah Sulfur Granulation Station
ADNOC Sour Gas has successfully installed a Sulfur Remelter facility, at its Shah Sulfur granulation station, to maximize Sulfur recovery otherwise lost during normal transportation operations. ...
10/30/2018 - Gas Processing - United Arab Emirates
Bidding Notice for the Nine1-Nine5 Block
China National Petroleum Corporation (CNPC) hereby announces the commencement of Bidding for the Nine1-Nine5 Block in Junggar Basin of the People's Republic of China in Cooperation with Foreign Enterp...
10/30/2018 - Development - China
Iran Sets up Selling Oil via its Energy Bourse
Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Buyers were a...
10/29/2018 - Oil - Iran
Sonatrach Signs an Agreement with BP and Equinor
The Sonatrach Group signed an agreement Monday in Algiers with the oil companies BP (United Kingdom) and Equinor (Norway), for the exploration and development of unconventional resources in the basins...
10/29/2018 - Exploration - Algeria
PDO Awards Contract for Giant Solar Plant
Petroleum Development Oman (PDO) has awarded a contract to build a landmark 100 megawatt solar photovoltaic plant, which is part of an Independent Power Producer (IPP) project, to a joint Japanese-Oma...
10/29/2018 - Photovoltaic Solar Energy - Oman
Gazprom Neft Examines the Issue of Improving Effectiveness in APG Utilization
The Gazprom Neft Board of Directors has, on 26 October, reviewed the company’s associated petroleum gas (APG) utilization programme, as well as greater effectiveness in APG utilization in 2018 and pla...
10/29/2018 - Oil Field Services - Russia
QP to Allocate Free QAMCO Shares for Qataris Covered by Security Law
Qatar Petroleum will allocate 750 free shares in Qatar Aluminium Manufacturing Company "QAMCO" (under incorporation) to all registered Qatari beneficiaries covered by the Social Security Law. ...
10/28/2018 - Investment - Qatar
Rosneft & Pietro Fiorentini Expand Industrial Cooperation
Rosneft and Pietro Fiorentini S.p.A in the framework of the visit of the Italian delegation to Russia agreed to extend the existing agreement on industrial cooperation until the end of 2019, and signe...
10/24/2018 - Production Engineering - Russia
Aramco Signs 15 MOUs at the FII Forum Worth $34B
At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US...
10/23/2018 - Investment - Saudi Arabia
Mellitah Oil & Gas Co Increases Production at Abu-Attifel
The National Oil Corporation (NOC) is proud to report that Mellitah Oil & Gas Co (MOG) has recently made significant gains at its Abu-Attifel oilfield, despite security challenges and logistical const...
10/22/2018 - Production - Libya
Helios & Air Products Sign Contract for the LNG & LNG3 Complexes
A partnership agreement was signed at Aval headquarters in Oran, between the company Helios (Sonatrach subsidiary) and the American group "Air Products" for the realization of the project of its conne...
10/22/2018 - Natural Gas - Algeria
Aramco Expands Presence in China Refining Market with Signing of MOU with Zhejiang Petrochemical
Saudi Aramco recently signed an MoU with Chinese Zhejiang provincial government during the 2nd International Petroleum and Natural Gas Enterprises Conference (IPEC), to acquire a share of Zhejiang Pet...
10/19/2018 - Oil Treating & Refining - China
SOCAR’s Giant Investment Project - STAR Refinery Launched
SOCAR, the largest direct foreign investor in Turkey, launched its $6.3-billion SOCAR Turkey Aegean Refinery - STAR Refinery, which will provide a large portion of oil products demand in the local mar...
10/19/2018 - Oil Treating & Refining - Turkey
Drilling, Production & Export Figures for the Q3 of 2018
Following the growth in production, over 3 billion cubic meters of gas have been supplied to gas storage facilities. ...
10/17/2018 - Production - Azerbaijan
Yanbu' South Terminal Boosts Export Capacity
The commissioning of Yanbu South Terminal (YST) marked the addition of 3 million barrels per day to the West Coast export capacity when the first VLCC was loaded on October 12, 2018. Yanbu South Termi...
10/17/2018 - LNG Terminal - Saudi Arabia
Boosting the Production of Hassi R'mel Gas Field
A set of projects recently completed or underway to boost the production of the Hassi R'mel gas field was at the center of Sonatrach's CEO, Abdelmoumène Ould Kaddour's visit to the region. ...
10/17/2018 - Production - Algeria
Commission the GR4 Gas Compression Station in Hassi-R'mel
A GR-4 gas compressor station was put into service in Hassi-R'mel (Laghouat wilaya) by Sonatrach group's chief executive, Abdelmoumène Ould Kaddour. ...
10/16/2018 - Oil and Gas Pipeline - Algeria
Rosneft & BP Launch New Line of Fuels Featuring ACTIVE Technology
Sales of new BP fuel featuring ACTIVE technology start at all BP multi-purpose filling stations in Russia operated by Rosneft Oil Company. ACTIVE technology provides a high level of engine protection ...
10/16/2018 - Process Technology Licensing - Russia
NNPC Launches Virtual Gas Pipeline System
A major stride in the drive for optimization of the nation’s vast gas resources has been recorded with the execution of a novel contract between the Nigerian National Petroleum Corporation (NNPC) and ...
10/16/2018 - Oil and Gas Pipeline - Nigeria
QP Announces a 5-year LPG Supply Agreement with China
Qatar Petroleum has announced the signing of a sale and purchase agreement to directly supply China with 600,000 metric tons of Liquefied Petroleum Gas (LPG) per year for a period of five years. The l...
10/16/2018 - LPG Domestic use - China
ADNOC Aims to Deepen Energy Partnership Opportunities with India
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), met, with His Excellency Narendra Modi, Prime Minister of India, at an invi...
10/15/2018 - Investment - United Arab Emirates
Qatar Petroleum to Manage & Operate ISND Offshore Field Next Year
Qatar Petroleum announced that it will manage and operate the Idd El-Shargi North Dome (ISND) field following the expiry of the Development & Production Sharing Agreement (DPSA) with Occidental Petrol...
10/14/2018 - Development - Qatar
ADNOC Sour Gas Constructing New Sulphur Pipeline for its Shah Sour Gas Field
ADNOC Sour Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has confirmed work is on track to construct a new Sulfur pipeline, to carry molten Sulfur produced by its Shah field sour ga...
10/14/2018 - Pipe Lines Installations - United Arab Emirates
Sirte Oil Company Resumes Gas Field Development Drilling
Sirte Oil Company (SOC), responsible for the exploration and production of oil and gas, has resumed development drilling activity in the Sahl field at well No. O23-6, following a four-year hiatus as a...
10/13/2018 - Development - Libya
NOC Chairman & UAE Minister of State Discuss Cooperation on Libya
National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Compan...
10/11/2018 - Oil & Gas Companies - Libya
Gazprom Neft Develops the Industry’s First Digital Model of the Achimovsky Strata
The Gazprom Neft Science and Technology Centre, together with specialists from Gazpromneft-Angara, have developed the first ever digital model of the Achimovsky strata, revealing 10 promising zones wi...
10/9/2018 - Oil Field Services - Russia
Gazprom Neft Begins Preparing Capacity for Russia’s First Ever Needle Coke Production Facility
Installation of essential reaction equipment has commenced at Gazprom Neft’s Omsk Refinery, part of initiatives to modernize the refinery’s delayed coking unit (DCU). This project will, for the first ...
10/8/2018 - Oil Treating & Refining - Russia
ADNOC and BHGE Form a Strategic Partnership
Abu Dhabi National Oil Company (ADNOC or the Group) and Baker Hughes, a GE company signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidia...
10/8/2018 - Drilling - United Arab Emirates
India Buys 75% Less US Oil, Purchase More Iranian Crude
India’s purchases of US crude oil have fallen by 75 percent over the past four months as the subcontinent stocks up on Iranian crude, Reuters has reported. ...
10/6/2018 - Crude Oil - Iran
Qatar Petroleum Concludes Two 5Y Naphtha Sale Agreements with Japan
Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded two 5-year sales agreement to supply Japan’s Marubeni Corporation an annual tota...
10/3/2018 - Natural Gas - Qatar
Al-Kaabi: Japan is Very Important Customer of Qatari LNG
Qatar Petroleum President & CEO Mr. Saad Sherida Al-Kaabi began a short working visit to Japan, and talks with senior executives of major Japanese companies on enhancing relations and cooperation in t...
10/2/2018 - LNG Processing - Japan
SOCAR & China’s BGP Establish JV on Seismic Exploration
SOCAR and BGP Inc., a subsidiary of China National Petroleum Corporation (CNPC) have signed a Foundation Agreement on the establishment of a joint venture.Rovnag Abdullayev, President of SOCAR, Khoshb...
10/2/2018 - Mergers and Acquisitions - Azerbaijan
Gazprom Neft Develops Its Orenburg Production Cluster
Gazprom Neft has acquired a company licensed to undertake hydrocarbon exploration and production in the Tashlinsky District of the Orenburg Oblast. The purchase of this new asset creates the precondit...
10/2/2018 - Development - Russia
Gazprom Neft Develops Digital Tools with Unique Algorithms for Estimating Field Costs
Gazprom Neft has developed digital products for estimating capital and operational costs (CAPEX and OPEX) in conceptual engineering and field management. Thanks to unique digital programmes the exacti...
10/1/2018 - Oil Field Services - Russia
Al-Kaabi Discusses Energy Cooperation in Korea
Qatar Petroleum President & CEO Saad Sherida Al-Kaabi ended a one-day visit to the Republic of Korea and discussions on enhancing relations and cooperation with senior executives of major Korean compa...
10/1/2018 - LNG Processing - South Korea
Aramco & China University of Petroleum Ink Deal to Further Strategic Collaboration
Saudi Aramco recently signed a Memorandum of Understanding (MoU) with China University of Petroleum in Beijing (CUPB) to enhance their partnership and closer collaboration. The MoU is intended to expl...
9/30/2018 - Training & Education - Saudi Arabia
Qatar Petroleum CEO Holds Cooperation Talks in Islamabad with Prime Minister Khan
Qatar Petroleum President and CEO Saad Sherida Al-Kaabi held talks in Islamabad with H.E. Mr. Imran Khan, the Prime Minister of the Islamic Republic of Pakistan, on cooperation in the field of energy....
9/29/2018 - Investment - Pakistan
Qatar Petroleum Increases LNG Production to 110 Million Tons Annually
Qatar Petroleum announced its decision to increase the capacity of Qatar’s LNG expansion project, which was announced last year, by adding a fourth liquefaction train. When the project is completed, Q...
9/26/2018 - LNG Processing - Qatar
ADNOC Awards $860M EPC Contract for Phase 2 of Integrated Gas Development Expansion Project
ADNOC LNG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), signed, the Engineering, Procurement and Construction (EPC) contract for the second phase of the Integrated Gas Development Expan...
9/26/2018 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Iran will Veto any OPEC Decision Jeopardizing Its Interests
Iranian minister of petroleum has warned fellow OPEC members against any effort to appease the US, saying Tehran will veto any decision by the Organization of Petroleum Exporting Countries that harms ...
9/23/2018 - Oil - Iran
Gazprom Neft Builds Innovative Research Centre in Tomsk Oblast
Gazprom Neft has used the occasion of this year’s Tyumen Oil and Gas Forum to conclude an agreement on building a reservoir systems research centre with the Government of the Tomsk Oblast — the signat...
9/19/2018 - Laboratory, Testing Equipment - Russia
Saudi Aramco to Spend over $133b on Drilling over Next Decade
State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday. ...
9/17/2018 - Investment - Saudi Arabia
MoU with Schneider Electric Focuses on 4th Industrial Revolution Solutions
Saudi Aramco and Schneider Electric Saudi Arabia have signed a Memorandum of Understanding (MoU) regarding the Fourth Industrial Revolution. ...
9/13/2018 - Engineering - Saudi Arabia
Sonatrach Group 2030 Strategy
Sonatrach is really accelerating in the last third of 2018 with the organization of information days on "investment opportunities for Algerian companies", which were held from 9 to 10 September at the...
9/13/2018 - Oil & Gas Companies - Algeria
An Oil Reservoir Discovered at Zapadno-Messoyakhskoye Field
An oil and gas reservoir with reserves in place estimated at 85 million tonnes, and recoverable oil reserves of 26 million tonnes — equivalent to the size of an independent freestanding hydrocarbon fi...
9/13/2018 - Reservoir Engineering & Recovery Methods - Russia

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