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National Oil Companies News and Press Releases

Gazprom Neft Rolls Out Improved Seismic Prospecting Technology
ďGreen seismicĒ 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...
7/18/2017 - Seismic survey - Russia
SOCAR Launches New Gas Station in Romania
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...
7/18/2017 - Natural Gas - Azerbaijan
PDO Achieves Significant Progress in Developing Bahja-Rima Oilfield
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. ...
7/17/2017 - Development - Oman
Gazpromneft-AERO & Socar Turkey Petrol Enerji Sign Agreement on Aviation Refuelling
Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, and SOCAR Turkey Petrol Enerji, one of Turkeyís leading suppliers of aviation fuels, have concluded an agreement on refuell...
7/17/2017 - Fuel oil - Russia
Iran Eyes 10 Oil, Gas Deals with Energy Majors by Mach 2018
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...
7/16/2017 - Development - Iran
First Phase of Saudi Aramco's Energy Industrial City Complete in 2021
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...
7/16/2017 - Energy Commodities - Saudi Arabia
Intl. Firms Negotiate $200 Billion of Oil Deals in Iran
Asian and European companies are negotiating participation in Iranís oil and gas development projects which need $200 billion worth of investment, Minister of Petroleum Bijan Zangeneh says. ...
7/15/2017 - Investment - Iran
Venezuela Signed MOU to Increase Oil Production
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 ...
7/15/2017 - Development - Venezuela
New Digital Model Created for Novoportovskoye Field
An extensive and integrated model of the companyís Novoportovskoye oil and gas condensate field, combining three key datasets ó a dataset on the geology and development of the field, a dataset on prod...
7/12/2017 - Oil Field Services - Russia
Rosneft Wins the Auction for Erginskoye License Area
Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance. Acquisition value amounted to 20.7 bln rubles. Rosneft offered the best price...
7/12/2017 - Acquisitions and Divestitures - Russia
Large-Capacity Equipment for the Hydrocracking Facility Delivered to the Novokuibyshevsk Refinery
A unique operation of the large-size equipment transportation to the Novokuibyshevsk Refinery is completed. Nine columns for the under-construction hydrocracking facility and a regeneration unit for m...
7/12/2017 - Oil Treating & Refining - Russia
Adnoc Plans IPO of Retail Unit at $14 Billion Value
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. ...
7/11/2017 - Investment - United Arab Emirates
West Karoun Oil Field Production Reach 368000 Bpd
Iran currently produces 290000 barrels of crude oil per day, the figure which is going to witness an increase of 78000 barrels bpd, the managing director of Iranís Petroleum Engineering and Developmen...
7/10/2017 - Production - Iran
ADNOC Unveils New Partnerships to Support its Growth
The Abu Dhabi National Oil Company (ADNOC) announced the expansion of its partnership model to span the Groupís entire value chain as well as the more active management of its portfolio of assets.
7/10/2017 - Oil & Gas Companies - United Arab Emirates
Major Equipment for New Advanced Oil Refining Complex Installed at Omsk Refinery
The latest stage in Gazprom Neftís construction of a new advanced oil refining complex (AORC) has now been completed at its Omsk Refinery ó one of a series of key projects in its full-scale modernisat...
7/10/2017 - Oil Treating & Refining - Russia
Oil will Continue to Play a Key Role in Global Energy Mix
The role of oil as a vital source of energy to the world is expected to continue for the long term despite the growth of alternatives, said Amin H. Nasser, President and CEO of Saudi Aramco. ...
7/10/2017 - Oil - Saudi Arabia
Gazprom Neft & Spainís Repsol Sign Memorandum on Developing Cooperation
Gazprom Neft has signed a Memorandum of Understanding with Spainís Repsol. The Memorandum outlines areas for evolving collaboration through a joint enterprise to develop hydrocarbon resources in the K...
7/7/2017 - Development - Russia
SOCAR, CNPC Top Managers Meet
On July 7, Rovnag Abdullayev, President of SOCAR has met with Chinese delegation led by Wang Yilin, Chairman of China National Petroleum Corporation (CNPC). After cordial greeting, Rovnag Abdullayev s...
7/7/2017 - Development - Azerbaijan
Drilling Works for June 2017
SOCAR (excluding Joint Ventures and Operating Companies) conducted 10450 meters of drilling works in June 2017. Of this amount, development drilling made up 10111 metres, and exploration drilling - 33...
7/6/2017 - Drilling - Azerbaijan
Gazpromneft-Vostok Begins Construction of Gas Infrastructure at Urmanskoye & Archinskoye Fields
Gazprom Neft subsidiary Gazpromneft-Vostok has begun construction of a gas pipeline connecting the booster compressor station at the Urmanskoye field with gas transportation infrastructure operated by...
7/5/2017 - Oil and Gas Pipeline - Russia
Aramco, Dussur, and Hyundai Heavy Industries Sign MOU for Engine & Pump Cooperation
Saudi Aramco, Dussur Ė the Saudi Arabian Industrial Investments Company, and Hyundai Heavy Industries (HHI) announced a Memorandum of Understanding (MOU) to jointly collaborate on engines and pumps bu...
7/5/2017 - Engines & Gen Sets - Saudi Arabia
CNPC Inks Cooperation Agreements with Rosneft & Gazprom Respectively
On July 3 and 4 in Moscow, during Chinese President Xi Jinping's state visit to Russia, CNPC inked cooperation agreements on relevant projects with Rosneft and Gazprom respectively. ...
7/5/2017 - Mergers and Acquisitions - China
Phase I Renovation Project of Shymkent Refinery Becomes Operational
On June 30, Phase I renovation project of Shymkent Refinery in Kazakhstan became operational as the 600kt/a ISOMAR started to produce gasoline of Euro IV and Euro V standards. ...
7/5/2017 - Development - China
BTC Transported 2.2 mln tons of Azerbaijani Oil in June 2017
2 212 764 tons of Azerbaijani oil were transported via BTC main export pipeline in June 2017. 13 174 287 tons of oil were transported via this pipeline in January-June. In general, 334 million 712 tho...
7/5/2017 - Oil and Gas Pipeline - Azerbaijan
Above 2 mln tons of Oil Delivered from Ceyhan Port to World Market in June 2017
2 015 thousands 323 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in June 2017. (1 429 thousands 248 tons of this volume were the oil of the State Oil Fund of the Republ...
7/5/2017 - Oil - Azerbaijan
80$ Billion in Revenues from the SP Phase 11 Development Plan
Iran will be benefited from the deal signed with energy giant Total for developing the 11th phase of the South Pars gas field, literally earn 80 billion dollars of revenue, the managing director of Na...
7/4/2017 - Financials and Investment - Iran
Students & Graduates of Baku Higher Oil School Will Work at STAR Company in Turkey
A meeting with graduates of Baku Higher Oil School (BHOS) selected for work at STAR Refinery of SOCAR Turkey company and BHOS students undertaking on-the-job training at SOCAR facilities in Turkey was...
7/4/2017 - Oil Treating & Refining - Azerbaijan
Rosneft & CEFC China Energy Company Sign Strategic Cooperation Agreement
Rosneft and CEFC China Energy Company Limited signed a strategic cooperation agreement during the official visit of the President of the People's Republic of China to Moscow. ...
7/4/2017 - Exploration - Russia
Crude Oil Prices in June 2017
In June 2017, price for Brent crude oil in the world market was $46,53 per barrel, Urals oil - $45,97, and BTC FOB Ceyhan crude oil - $47,51.
7/3/2017 - Crude Oil - Azerbaijan
Crude Oil & Oil Products Export for June 2017
In June 2017, SOCAR has exported 159 826 tons of crude oil from Novorossiysk port, 176 139 tons from Supsa port, and 1 429 248 tons from Ceyhan port.Generally, 733 664 tons of crude oil was exported f...
7/3/2017 - Crude Oil - Azerbaijan
Gazprom Neft Establishes Joint Venture with Spainís Repsol in Khanty-Mansiysk Autonomous Okrug
Gazprom Neft PJSC has acquired a 25.02 per cent stake (with the right to increase this to 50 per cent) in Evrotek-Yugra. Evrotek-Yugra, owned by Spainís Repsol, holds exploration and production rights...
7/3/2017 - Mergers and Acquisitions - Russia
NNPC, FIRST E&P and Schlumberger to Develop OML 83 & 85
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...
6/29/2017 - Development - Nigeria
Rosneft & Beijing Gas Close the Deal for Sale & Purchase of 20% Shares in Verkhnechonskneftegaz
Rosneft and Beijing Gas Group Company Limited ("Beijing Gas") closed the deal for sale and purchase of 20% shares in Verkhnechonskneftegaz (a Rosneft subsidiary). The price of purchased 20% stake amou...
6/29/2017 - Mergers and Acquisitions - Russia
Equipment for Construction of A Euro+ Refining Facility At Moscow Refinery Is Delivered
Russian-produced oversized equipment for construction of a combined Euro+ facility at the Gazprom Neft Moscow Refinery has been delivered by river barge. The vacuum distillation column,* manufactured ...
6/26/2017 - Oil Treating & Refining - Russia
New Centre for Monitoring & Diagnostics of Automation Systems Created At Moscow Refinery
A new Centre for monitoring and diagnostics of automation systems (CMD) has been put into operation at Gazprom Neftís Moscow Refinery. Thanks to a cutting-edge software and hardware complex, the new c...
6/22/2017 - Monitoring & Control - Russia
SPM Certificates Presented at Baku Higher Oil School
Students of School of Project Management (SPM) set up at Baku Higher Oil School (BHOS) passed course exams and received certificates of successful completion of the first training module. ...
6/21/2017 - Oil & Gas Companies - Azerbaijan
Gazprom Neft Begins Exploratory Drilling at the Ayashsky Block
Gazpromneft Sakhalin (a subsidiary of Gazprom Neft) has begun drilling the first exploratory well at the Ayashsky licence block, located on the continental shelf of the Sea of Okhotsk. The programme o...
6/21/2017 - Drilling - Russia
Vladimir Putin Received Igor Sechin in Kremlin
Vladimir Putin received Chief Executive Officer of Rosneft Igor Sechin in the Kremlin. The Company's development, results of its privatization, as well as changes in dividend policy were discussed at ...
6/20/2017 - Financials and Investment - Russia
Baku Higher Oil School Received One More ISO Certificate
Baku Higher Oil School (BHOS) received international certificate in ISO 10002:2014 standard: Quality management - Customer satisfaction - Guidelines for complaints handling in organisations. ...
6/20/2017 - Oil & Gas Companies - Azerbaijan
Rosneft Discovers Hydrocarbon Deposits on Eastern Arctic Shelf
Rosneft is performing the drilling of the northernmost exploratory well on the Eastern Arctic shelf following a comprehensive geological study. During the drilling of the Tsentralno-Olginskaya-1 well ...
6/18/2017 - Drilling - Russia
Rosneft Discovers Oil Field Offshore Eastern Arctic
Russia's largest oil producer Rosneft said on Sunday it had found an oil field in the Laptev Sea in the eastern Arctic. 'The result of the drilling at the Khatanga licence block allows Rosneft to b...
6/18/2017 - Exploration - Russia
NIOC Includes 4 More Russian Oil Companies, Azeri Socar Prequalified for Iran Projects
The National Iranian Oil Company has added five more international oil companies in its list of prequalified companies for Irans oil and gas upstream projects, just days before the June 19 deadline fo...
6/17/2017 - Development - Iran
Rosneft & Partners to Invest over $8 Billion in Russia's Offshore Energy Sector
Rosneft and its partners plan to invest 480 billion roubles ($8.4 billion) in developing Russia's offshore energy industry in the next five years, part of a bid to boost output from new areas, the Rus...
6/15/2017 - Investment - Russia
Yanos Refinery Commissions New Group Iii-Quality Base Oil Production Facility
A new facility for production of Group III-quality base oils has been commissioned at the JSC Slavneft-YANOS refinery, part of OAO NGK Slavneft, a joint enterprise between Gazprom Neft PJSC and Rosnef...
6/15/2017 - Oil Treating & Refining - Russia
Iran to Sign New Oil Contracts by Year End
Deputy Minister of Petroleum said that the condition is ready for signing new oil contracts by the end of this Iranian year (March 20, 2018), with South Pars phase 11, oil layer, and Azadegan field de...
6/14/2017 - Acquisitions and Divestitures - Iran
Gazprom Neft to Develop Cooperation with American Oil Services Company Helmerich & Payne
Gazprom Neft has concluded a long-term partnership memorandum on oil and gas projects in Russia with American oil services company Helmerich & Payne International Drilling Co. The document, outlining ...
6/13/2017 - Drilling - Russia
SOCARís Budget Payments for May 2017
SOCAR paid AZN 139 million 586 thousand to the State Budget for May of the current year that is AZN 21 million 780 thousand (118,5%) more than the same period of 2016. In general, for January-May 2017...
6/9/2017 - Financials and Investment - Azerbaijan
Gazprom Neft Acquires Subsoil Usage License for the Parabelsky Block
Gazprom Neft subsidiary Gazpromneft-Vostok has acquired the subsoil usage licence for the Parabelsky block, located in the Tomsk Oblast. The licence, for geological prospecting at the block, was award...
6/8/2017 - Acquisitions and Divestitures - Russia
Mexica Shows Interest in Cooperation with Baku Higher Oil School
Prospects of developing cooperation between Baku Higher Oil School (BHOS) and Mexican Institute of Petroleum (IMP) were discussed at the meeting of the Ambassador of the United Mexican States to Azerb...
6/8/2017 - Oil & Gas Companies - Azerbaijan
Algeria's Sonatrach, Repsol Sign Pact to Consolidate Ties
Algeria's Sonatrach and Spain's Repsol have signed an agreement to consolidate their partnership in energy exploration and amicably end their differences, APS state news agency said. ...
6/7/2017 - Oil & Gas Companies - Algeria

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