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National Oil Companies News and Press Releases

Aramco Awards Two Drilling Contracts to Schlumberger
Saudi Aramco has awarded Schlumberger two lump sum contracts for drilling rigs and services for oil and gas wells. Under the contracts, Schlumberger Integrated Drilling Services (IDS) will provide dri...
12/16/2017 - Drilling - Saudi Arabia
Iran Needs $4b for Major LNG Project
Iranian Minister of Petroleum Bijan Zangeneh said Iran will need an investment of 4 billion dollars for completion of Iran LNG project. Speaking following a ceremony to sign two memoranda of understan...
12/13/2017 - LNG Processing - Iran
Gazprom Neft Patents Technology for Non-Contact Pipeline Diagnostics
Gazprom Neft has secured six patents for proprietary non-contact pipeline diagnostics technologies — which do not, as yet, have any competition in the global oil industry. ...
12/12/2017 - Oil and Gas Pipeline - Russia
Gazprom Neft Supporting Ntv Project “Oil: From Well To Pump – Myths And Realities”
Gazprom Neft has been supporting TV channel NTV in producing a documentary film “Oil: from Well to Pump — Myths and Realities”, with the company giving the channel’s film crew unprecedented access to ...
12/8/2017 - Exploration - Russia
Petrochina Conducts Major Internal Transfer Of Oil, Gas Blocks
PetroChina has conducted its first major internal transfer of mining rights between subsidiaries to allow those with mature fields to look for oil and gas in under-developed regions, parent company CN...
12/8/2017 - Exploration - China
Bashneft & Rosneft Sue Sistema for Damages
Bashneft and Rosneft, acting for the benefit of Bashneft as its shareholder, filed a lawsuit in Bashkortostan arbitration court seeking 131,639,012,421 rubles in damages from Sistema and Sistema-Inves...
12/8/2017 - Oil & Gas Companies - Russia
Phase I Project of Uzbekistan’s Karakul Gas Field Becomes Operational
On December 4, a ceremony was held in Bukhara, Uzbekistan to celebrate the commissioning of the first phase of Karakul gas fields, a project funded and implemented jointly by CNPC and Uzbekneftegaz. ...
12/7/2017 - Production - Uzbekistan
Iran Signs Oil Swap Deal with Iraq Soon
Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. ...
12/3/2017 - Oil - Iraq
SOCAR President Receives Deputy Oil Minister of Iran
On November 29, SOCAR President Rovnag Abdullayev held a meeting with Iranian delegation led by Amir Hossein Zamaninia, Deputy Oil Minister for International Affairs. SOCAR President Mr. Abdullayev me...
11/29/2017 - Oil & Gas Companies - Azerbaijan
Rosneft & Pertamina Set Up a JV for the Development of TGRR Project
Rosneft and Indonesian state-owned oil and gas company Pertamina completed the establishment of the joint venture for the development of Tuban grass root refinery and petrochemical complex (TGRR) in T...
11/28/2017 - Mergers and Acquisitions - Indonesia
CNPC Completes Fourth Shaanxi-Beijing Gas Pipeline
China National Petroleum Corp (CNPC) has completed the fourth Shaanxi-Beijing gas pipeline, the Xinhua News Agency reported on Monday, citing officials from the state planner. ...
11/27/2017 - Oil and Gas Pipeline - China
SPC Approves Key Strategic Investments as ADNOC Expands 2030 Strategy
The Supreme Petroleum Council (SPC), presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman ...
11/27/2017 - Investment - United Arab Emirates
Aramco and SABIC Sign MOU for $20 Billion Oil-to-Chemicals Project
Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution o...
11/26/2017 - FEED - Saudi Arabia
ADNOC and Abu Dhabi Ports to Establish Marine Simulation Centre
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Ports are to establish a joint Marine Simulator Centre in Musaffah, Abu Dhabi, to provide a range of maritime training for the UAE’s growing ma...
11/23/2017 - Marine Services - United Arab Emirates
Gazprom Neft, Tatneft & Zarubezhneft Create Consortium to Investigate Carbonate Hydrocarbon Deposits
Gazprom Neft, Tatneft and Zarubezhneft have concluded a Memorandum of Cooperation on the development of the skills and competencies needed for the development of exceptionally challenging projects in ...
11/22/2017 - Mergers and Acquisitions - Russia
Rosneft Commissions New Oil and Gas Production Cluster in Western Siberia
Rosneft started delivery of the first commercial crude oil from newErginsky cluster to Transneft pipeline system. The Erginsky startup complex commissioning ceremony was attended by the the Prime Mini...
11/21/2017 - Production - Russia
Merely UNSC Sanctions Can be Able to Force Total out
Irans petroleum minister has stated that French energy giant Total - that has won a deal to develop a key gas project in the country - can quit only if forced to do so as a result of sanctions by the ...
11/20/2017 - Acquisitions and Divestitures - Iran
Rosneft Expands Cooperation with Motor Oil Hellas
Rosneft, Petrocas Energy (Rosneft's Group subsidiary) and Motor Oil Hellas Corinth Refineries signed a three-lateral agreement about intentions in the crude and oil product supply. The document define...
11/20/2017 - Crude Oil - Russia
NNPC & Chevron Signed $1.7B Deal to Increase Production
Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production...
11/20/2017 - Investment - Nigeria
Three Dead After Suspected Gas Leak At PetroChina Refinery
Three workers were killed and six others injured during a suspected gas leak at a PetroChina-operated refinery in Dalian on Saturday evening, state media said on Monday. The men working for Henan Yanl...
11/20/2017 - Oil Treating & Refining - China
Saudi Aramco Converts Jeddah Refinery to Products Distribution Hub
Saudi Aramco has shut down its 80,000 barrel per day crude oil refinery in Jeddah indefinitely, converting the complex into a hub for oil products distribution, it said. Aramco has been considering wh...
11/19/2017 - Oil Treating & Refining - Saudi Arabia
ADNOC, CNPC Sign Framework Agreement to Expand Cooperation
On November 12, Wang Yilin, Chairman of CNPC, and Sultan Ahmed Al Jaber, Minister of State in the United Arab Emirates and the Group CEO of Abu Dhabi National Oil Company (ADNOC), met in Abu Dhabi and...
11/17/2017 - Development - United Arab Emirates
ADNOC Signs Agreement with Linde to Explore New Industrial Gases Complex
Abu Dhabi National Oil Company (ADNOC), has signed a memorandum of understanding with The Linde Group to explore the expansion of nitrogen facilities in Ruwais, Abu Dhabi, to meet future industrial de...
11/16/2017 - FEED - United Arab Emirates
The World's Longest Well was Drilled in Sakhalin
Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizont...
11/16/2017 - Drilling - Russia
Venezuela & Russia Sign Financing Renegotiation Agreement
The Bolivarian Republic of Venezuela signed an agreement with the Russian Federation stipulating the terms of the financing renegotiation, in compliance with the instructions of the President of the R...
11/15/2017 - Financials and Investment - Venezuela
Petra Resources Awarded MCM Contract by Petronas for Offshore Facilities Sabah
Petra Resources Sdn Bhd (Petra Resources), a wholly-owned subsidiary of integrated brown field services provider Petra Energy Berhad, was recently awarded the Provision of Maintenance, Construction an...
11/14/2017 - Maintenance and Repair - Malaysia
ADNOC Awarded EPC Contract to CNPC for Bab Onshore Field
The Abu Dhabi National Oil Company (ADNOC) has announced a significant investment to upgrade its Bab field, re-energizing one of its largest onshore producing assets to sustain and enhance output. Thi...
11/14/2017 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Upper Zakum Field Production Capacity to Increase to 1M Barrels Per Day
Abu Dhabi National Oil Company (ADNOC), ExxonMobil Abu Dhabi Offshore Petroleum Company Limited and Japan’s INPEX Corporation (INPEX), announced, on the side lines of the Abu Dhabi International Petro...
11/14/2017 - Production - United Arab Emirates
Gazprom Neft Sales of High-Technology Bitumens Up 41% in the First Nine Months of 2017
Q1 — Q3 sales of cokes and bitumen products at Gazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, are up 17 percent year-on-year, at 1.99 million tonnes. Sales of high-tech...
11/14/2017 - Fuel oil - Russia
UAE's ADNOC to Sell at Least 10% of Fuel Distribution Business in IPO
Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10 percent of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatize energy asset...
11/13/2017 - Financials and Investment - United Arab Emirates
BTC Transported 2.2 mln tons of Azerbaijani Oil in October 2017
2 mln 268 thousand 672 tons of Azerbaijani oil were transported via BTC main export pipeline in October 2017. 22 mln 595 thousand 463 tons of oil were transported via this pipeline in January-October...
11/13/2017 - Oil and Gas Pipeline - Azerbaijan
SOCAR’s Budget Payments for October 2017
SOCAR paid AZN 136 million 952 thousand to the State Budget for October of the current year (AZN 11 million 607 thousand or 9,3% more than the same period of 2016). In general, for January-October 201...
11/10/2017 - Financials and Investment - Azerbaijan
Rosneft & CEFC Deepen Strategic Cooperation
Rosneft and Chinese energy company CEFC at the margins of the APEC Summit signed an agreement to perform a joint preliminary study of possible construction of petrochemical facility in Hainan Province...
11/10/2017 - Mergers and Acquisitions - Russia
Gazprom Neft Supports Internatonal Forum for the Development of The Creative Industries
Gazprom Neft has partnered the Calvert Forum Siberia international creative industries forum, held in Tyumen on 10 — 11 November, 2017. The Calvert Forum Siberia, organised with the support of the Gaz...
11/10/2017 - Environmental Services - Russia
Gazprom Neft Begins Production of New Marine Lubricants under the Gazpromneft Ocean Brand
Gazpromneft Lubricants, operator of the Gazprom Neft lubricants business, has begun production of its own brand of marine lubricants — Gazpromneft Ocean — produced at the company’s Omsk and Moscow lub...
11/10/2017 - Production - Russia
Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects
Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas prod...
11/9/2017 - Investment - Saudi Arabia
Alexander Khloponin Launches the Construction of Biological Treatment Facilities at Omsk Refinery
Alexander Khloponin (Deputy Prime Minister of the Russian Federation) and Sergey Donskoy (Minister for Natural Resources and the Environment) have been given insights into environmental initiatives be...
11/8/2017 - Oil Treating & Refining - Russia
Aramco Close to Awarding Gas Project Contract to Tecnicas Reunidas
Saudi Aramco is close to awarding a contract to Spanish engineering group Tecnicas Reunidas, industry sources said. “TR received a letter of intent from Aramco,” said one of the sources. ...
11/7/2017 - Compressors, Gas - Saudi Arabia
ADNOC Group company successfully issues a US$3 billion bond
The Abu Dhabi National Oil Company (ADNOC) announced the successful issuance and closing of a US$3 billion bond, one of the largest non-sovereign bond offerings in the history of the Middle East. The ...
11/6/2017 - Financials and Investment - United Arab Emirates
PetroChina, Beijing Firm Doubling LNG Storage in Caofeidian as Demand Rises
PetroChina and Beijing Enterprises Group Co are expanding liquefied natural gas storage capacity at a main import facility in northern China as the country boosts infrastructure to meet surging demand...
11/6/2017 - Natural Gas Storage - China
SOCAR-AQS has Successfully Completed the Works of Construction in Bulla Field
SOCAR-AQS completed the works on construction of well No. 78 from stationary platform 6, with target depth of 5910 m, successfully, without any incidents and without harming the environment. ...
11/6/2017 - Drilling - Azerbaijan
ADNOC Expected to Sign $6 billion Loan with 13 Banks
Abu Dhabi National Oil Co (ADNOC), the United Arab Emirates oil giant, is expected to sign by the end of this week a $6 billion loan which has received commitments from a group of 13 banks, sources cl...
11/5/2017 - Financials and Investment - United Arab Emirates
Saudi Aramco to Push Back Shutdown at Ras Tanura Refinery
Saudi Aramco is expected to shut down its condensate splitter at its Ras Tanura refinery by the end of November for a month for planned maintenance work, two industry sources said, later than original...
11/4/2017 - Maintenance and Repair - Saudi Arabia
Aramco, Petronas to Finalize RAPID Deal after Resolving Technical Issues
Malaysian state energy company Petronas and Aramco are facing “technical issues” in finalising the Saudi oil major’s $7 billion investment in a refinery project, but the deal will be completed soon, s...
11/3/2017 - Financials and Investment - Malaysia
Drilling Works for October 2017
SOCAR (excluding Joint Ventures and Operating Companies) conducted 11284 meters of drilling works in October 2017. Of this amount, development drilling made up 10343 metres, and exploration drilling -...
11/3/2017 - Drilling - Azerbaijan
Rosneft & National Iranian Oil Company Sign Oil and Gas Strategic Cooperation Agreement
During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran Rosneft Oil Company and National Iranian Oil Company signed the “Road Map and Key Terms of Strategic Cooperatio...
11/1/2017 - Development - Iran
Crude Oil & Oil Products Export for October 2017
In October 2017, SOCAR has exported 84 975 tons from Novorossiysk port, 261 397 tons from Supsa, and 1 201 812 tons from Ceyhan port.Generally, 1 242 679 tons of crude oil was exported from Novorossiy...
11/1/2017 - Crude Oil - Azerbaijan
Norway to Study Caspian Sea Oil Blocks
Khazar Exploration and Production Company (KEPCO) signed a Memorandum of Understanding (MoU) with Norwegian Offshore Resource Group (ORG) for the study of the development of Sardar-e-Jangal oil field ...
11/1/2017 - Engineering - Iran
SOCAR-BP Partnership Marks 25th Anniversary
An event dedicated to the 25th anniversary of the partnership between SOCAR and BP was held in the House of Lords of the British Parliament. ...
10/31/2017 - Oil & Gas Companies - Azerbaijan
Gazprom Neft Considers Priority Projects & Tools in Upstream Technological Development
The Gazprom Neft Board of Directors has reviewed information on priority projects and tools for technological development in exploration and production. ...
10/30/2017 - Exploration - Russia

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