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National Oil Companies News and Press Releases

Algeria's Sonatrach Says No Plans to Buy More Foreign Refineries
Algerian state energy firm Sonatrach has no plans to buy another foreign refinery after purchasing the Augusta refinery in Italy, Chief Executive Abdelmoumen Ould Kaddour said on Wednesday. ...
5/23/2018 - Acquisitions and Divestitures - Italy
All New Decision in OPEC Needs Unity
Iranian Oil Minister Bijan Zanganeh says Tehran’s oil exports to remain unchanged if the Iran nuclear deal is salvaged by the EU following the US withdrawal from the multinational accord. ...
5/20/2018 - Financials and Investment - Iran
Rosneft Starts Drilling Offshore Production Wells in Vietnam
Rosneft Vietnam B.V. has started drillling of LD-3P (Lan Do field) production well as part of Block 06.1 development. Rosneft acts as an operator of this project which proves high level of its compete...
5/16/2018 - Offshore Drilling - Vietnam
Qatar Petroleum to Build a World-scale Petrochemicals Complex
Qatar Petroleum has invited a group of leading international companies, with extensive experiences in the petrochemicals industry, to submit proposals for partnering with Qatar Petroleum in the develo...
5/15/2018 - Petrochemicals - Qatar
Gazprom Neft’s Omsk Refinery Increases Production of New-Generation Diesel Fuels
Site preparation and pre-development for a future diesel fuels hydrotreating facility has been started at the Gazprom Neft Omsk Refinery. The new complex, with an annual production capacity of 2.5 mil...
5/14/2018 - Production - Russia
ADNOC and Cepsa Sign Agreement for New LAB Facility
The Abu Dhabi National Oil Company (ADNOC) has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene (LAB) facility in ADNOC’s refining and petrochemica...
5/14/2018 - Petrochemicals - United Arab Emirates
ADNOC Announces AED 165B Investment Plan to Become Leading Downstream Player
The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to become a leading global downstream player, enablin...
5/13/2018 - Investment - United Arab Emirates
South Yaran Oilfield Production Totals 1.2mb
The total production from the South Yaran oil field has reached 1.2 million barrels, the project manager said on Monday. ...
5/8/2018 - Production - Iran
World Bank’s GGFR Partnership Hopes to Learn From & Share Azerbaijan’s Experience
The World Bank, Global Gas Flaring Reduction Partnership (GGFR) held its annual meeting in Azerbaijan for the first time on May 7-8, 2018. The meeting coincided with the 10th anniversary of the cooper...
5/7/2018 - Oil & Gas Companies - Azerbaijan
NIOC Reveal New Exploration Blocks for Investors
The National Iranian Oil Company (NIOC) on Monday unveiled 14 exploration blocks across Iran, up for domestic and foreign investment in an event held in Tehran’s 23rd International oil show. ...
5/7/2018 - Exploration - Iran
Qatar Petroleum Awards North Field Expansion Contract to McDermott
Qatar Petroleum has awarded the Detail Design to Approved for Construction status for the offshore jackets for the new North Field Expansion Project to McDermott. ...
5/6/2018 - Offshore Construction - Qatar
Iran & Azerbaijan to Form JV over Caspian Visions
Iran says it plans to form a joint oil company with Azerbaijan in what could prepare both to cooperate over the exploration and development of hydrocarbon reserves in the Caspian Sea and elsewhere. ...
5/6/2018 - Mergers and Acquisitions - Iran
Saudi Aramco Awards 16 Local Firm Deals Worth $7 Billion
Saudi Aramco has further expanded its In-Kingdom Total Value Add (IKTVA) program and strengthened its relationship with local industry players by awarding purchase agreements to 16 Saudi pressure vess...
5/5/2018 - Vessels, Tanks - Saudi Arabia
NIOC to Pitch 14 Oil Exploration Blocks at Oil Show
The National Iranian Oil Company (NIOC) has planned to present 14 exploration and development blocks to potential investors and developers at the 23rd Iran International Oil, Gas and Petrochemicals Ex...
5/5/2018 - Exploration - Iran
ADNOC, Borouge Sign Deal to Handle Ruwais Container Terminal Operations
ADNOC Logistics and Services, the shipping and services arm of the Abu Dhabi National Oil Company (ADNOC), has signed a contract with Borouge, a leading provider of value creating plastics solutions, ...
5/2/2018 - Lifting & Handling Equipment - United Arab Emirates
Additional Provisions to Rosneft-2022 Strategy
Rosneft Board of Directors approved additional initiatives to “Rosneft-2022” Strategy taking into account the message of the President of the Russian Federation Vladimir Putin to the Federal Assembly....
5/1/2018 - Financials and Investment - Russia
Qatar Signs 15 Year Contract to Supply Vietnam with LPG, Naphtha
Qatar Petroleum has announced an agreement to supply Vietnam with up to 2 million tons per year of LPG and Naphtha for a period of 15 years. ...
4/29/2018 - LPG Domestic use - Qatar
BP & ENI Discuss Resumption of Exploration Activities in Libya
National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla discussed the importance of the resumption of exploration activities in Libya with BP and ENI; previously halted as a result of circumstanc...
4/26/2018 - Oil Field Services - Libya
Oil Production at Vostochno-Messoyakhskoye Field Reaches 5 Million Tonnes
Messoyakhaneftegaz, the Rosneft— Gazpromneft joint venture, has produced its five millionth tonne of oil at the Vostochno-Messoyakhskoye field — an achievement that has required just over 18 months’ c...
4/24/2018 - Production - Russia
Iran Completes First Oil-For-Goods Supply to Russia
Under the agreement, Russia would buy 100,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. ...
4/23/2018 - Process Equipment - Russia
ADNOC Setting Up New Trading Unit for Crude, Refined Products
Abu Dhabi National Oil Company (ADNOC) was setting up a new trading unit for its crude oil and refined products. The unit will be part of ADNOC’s Marketing, Sales and Trading Directorate, the company ...
4/23/2018 - Oil Treating & Refining - United Arab Emirates
Gazprom Neft Reviews Investment Programme Performance in 2017
The Gazprom Neft Board of Directors has reviewed information on the company’s budgetary and investment programme performance in 2017. ...
4/20/2018 - Investment - Russia
Gazprom Neft Reviews Plans for Developing Catalyst Production
The Gazprom Neft Board of Directors has reviewed its implementation of an innovative project developing cat-cracking and hydro-treatment catalysts. The project forms part of the company’s strategy on ...
4/20/2018 - Petrochemicals - Russia
Indonesia Removes Pertamina Chief After Oil Spill, Other Issues
Indonesia's State Owned Enterprise Ministry has removed Pertamina Chief Executive Elia Massa Manik in a management shakeup after a series of problems at the state-owned energy company, including a rec...
4/20/2018 - Oil Spill & Emergency Response - Indonesia
Angola Invites Bids for Two Offshore Oil Blocks
Angola’s state-run oil firm Sonangol is inviting bids for stakes in two offshore oil blocks in Africa’s second-largest crude producer, Sonangol said on Friday. ...
4/20/2018 - Exploration - Angola
Shah Deniz II Gas Sales Contract Transferred to Edison
The Shah Deniz II gas sales contract with Spanish Gas Natural Fenosa was transferred to Italy's leading energy company Edison as part of a greater deal, including the acquisition of a gas grid in Ital...
4/18/2018 - Natural Gas - Azerbaijan
Messoyakhaneftegas Implementing Unique Project in APG Utilization
Glavgosekspertiza Russia has approved plans from Messoyakhaneftegaz, the Gazpromneft—Rosneft joint venture, to build a series of cluster pads for the reinjection of associated petroleum gas (APG) at i...
4/17/2018 - Oil Field Services - Russia
ADNOC to Unveil New Investment Opportunities at Downstream Investment Forum in May 2018
The Abu Dhabi National Oil Company (ADNOC) plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunities...
4/16/2018 - Investment - United Arab Emirates
Drilling, Production & Export Figures for the Q1 of 2018
The Azerbaijan oil and gas production increased by 2.4% and 5.2% respectively in the first three months of the year. Positive dynamics in SOCAR's production was reached as a result of intensified dril...
4/16/2018 - Drilling - Azerbaijan
Gazprom Neft Considers the Long-Term Development of Orenburg Oil Field
The Gazprom Neft Board of Directors has reviewed the long-term outlook for developing its Orenburg oil-production cluster, together with information on synchronising the development of the company’s p...
4/13/2018 - Development - Russia
Gazprom Neft Developing New Exploration Cluster in the Khanti-Mansi Autonomous Okrug-Yugra
Gazprom Neft has been confirmed as the winner of Rosnedra subsoil licensing rounds for six blocks in the Karabashsky exploration zone, located in the Khanty-Mansi Autonomous Okrug. ...
4/12/2018 - Exploration - Russia
Conceptual Oilfield Modelling Information Systems in Development at Gazprom Neft
Gazprom Neft has begun implementation of its EAD:ISKAD (“ERA:ISKRA”) information system, designed to support the selection of optimum integrated solutions in oilfield and field infrastructure developm...
4/11/2018 - Software - Russia
Aramco & RRPCL Sign MoU to Develop $44 Billion Ratnagiri Mega Petrochemicals Complex
President & CEO Amin H. Nasser: “Investing in India is a key part of Saudi Aramco’s global downstream strategy, and another milestone in our growing relationship with India.” ...
4/11/2018 - Oil Treating & Refining - India
ADNOC Mulls Downstream Opportunities Abroad with Aramco
Abu Dhabi National Oil Co (ADNOC) is in talks with several partners, including Saudi Aramco, for possible downstream joint ventures abroad, particularly in Asia, industry sources with knowledge of the...
4/11/2018 - Investment - United Arab Emirates
Aramco Signs $12B Commercial Cooperation with French Companies
Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vis...
4/10/2018 - Investment - Saudi Arabia
Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities
The Abu Dhabi National Oil Company (ADNOC) announced as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round o...
4/10/2018 - Exploration - United Arab Emirates
Rosneft Starts Production & Sales of Euro 6 Gasolines with Improved Environmental Indicators
Rosneft has started industrial production of improved high-octane gasolines (including branded ones) far outstripping currently produced in Russia fuels of Class 5 by environmental indicators and perf...
4/10/2018 - Gasoline (Lead free) - Russia
China's CNPC to Inject Gas into 23 Underground Storage Facilities
China’s top energy firm CNPC started injecting gas into an underground storage facility in southwest Chongqing last Friday, marking the beginning of stockpiling season for the heating fuel over the ne...
4/9/2018 - Natural Gas Storage - China
Russia's Rosneft Interested in Oil and Gas in Iran's Zagros Province
Russia’s largest oil producer Rosneft is interested in oil and gas projects in Iran’s Zagros province, after signing a deal last year to do business in the country, an official document showed on Frid...
4/8/2018 - Exploration - Iran
Gazprom Neft Ships Its 100th Oil Consignment from the Russian Arctic Shelf
Gazprom Neft has completed its 100th consignment of ARCO oil from its Prirazlomnaya ice-resistant stationary platform, located on the Russian Arctic Shelf. This landmark consignment was undertaken by ...
4/6/2018 - Production - Russia
Petrovietnam Says S. China Sea Tension To Hurt Offshore Operations
Tension in the South China Sea will hurt PetroVietnam's offshore exploration and exploitation activities this year, the state-run oil and gas group said on Tuesday, weeks after the Southeast Asian nat...
4/3/2018 - Oil & Gas Companies - China
SOCAR will Launch Oil Refinery in Turkey in 2018
Petkim's net profit grew more than 9 times in the 9 years up to 2017. As a result of the optimization measures taken last year, approximately $50 million was saved. ...
3/30/2018 - Oil Treating & Refining - Turkey
Indonesia's Pertamina to Sign Contract to Operate Mansouri Field in May 2018
Indonesia’s state oil company Pertamina has won a tender to operate Iran’s Mansouri field and it will sign a petroleum contract in early May, its upstream director told reporters on Wednesday. ...
3/28/2018 - Acquisitions and Divestitures - Iran
Petronas & Aramco Announce Formation of Their Two New Joint Ventures in Malaysia
Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, are pleased to announce the formation of two joint ventures for ...
3/28/2018 - Mergers and Acquisitions - Malaysia
Saudi Aramco Announces $10B Partnerships with 14 American Companies
Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vi...
3/27/2018 - Investment - Saudi Arabia
Gazprom Neft Utilizing Neural Networks in Exploratory Drilling
Specialists at Gazprom Neft’s Science and Technology Centre, together with the Moscow Institute of Physics and Technology (MIPT), have developed a self-learning programme allowing the identification o...
3/27/2018 - Drilling - Russia
Nobel Upstream Completes Risk Service Agreement with SOCAR on the Umid-Babek Field
Nobel Upstream, an independent UK-based oil and gas exploration and production company has announced that it has entered into a Risk Service Agreement, and other necessary implementing agreements, wit...
3/27/2018 - Exploration - Azerbaijan
Better Production Efficiency at Moscow Refinery Delivers a Rub1.3-Billion Financial Benefit
Specialists at the Moscow Refinery implemented 45 initiatives in improving production efficiency throughout 2017, with the cumulative economic benefits thereof reaching RUB1.3 billion. Work has been u...
3/26/2018 - Production - Russia
UAE's ADNOC Awards $3.5B EPC Contracts To Samsung Engineering
On the occasion of the visit to the United Arab Emirates (UAE) of His Excellency Moon Jae-in, President of the Republic of Korea, Abu Dhabi National Oil Company (ADNOC) announced, today, the signing o...
3/26/2018 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Rosneft Completes Drilling of the First Appraisal Well Offshore the Black Sea
Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black Sea. The water depth at the drilling sit...
3/25/2018 - Drilling - Russia

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