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National Oil Companies News and Press Releases

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
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
Gazprom Neft & CNPC Join Forces to Develop Enhanced Oil Recovery Technologies
Gazprom Neft and China National Petroleum Corporation (CNPC) have entered into a technical partnership at the Eastern Economic Forum. The document was signed by Alexander Dyukov, Chairman of Gazprom N...
9/12/2018 - Enhanced Oil Recovery - Russia
Rosneft & Roskosmos Agree on Supplying Rocket Fuel
Rosneft and Roskosmos in the framework of the IV Eastern Economic Forum signed the agreement on supplying napthtyl rocket fuel for the needs of Roskosmos. ...
9/12/2018 - Fuel oil - Russia
Rosneft & CNPC Agree on Wider Cooperation in Exploration and Production
Rosneft and the Chinese National Oil and Gas Corporation (CNPC) signed the Agreement on Cooperation in Exploration and Production in the Russian Federation in the framework of the IV Eastern Economic ...
9/12/2018 - Exploration - Russia
RN-Bunker & Russian Fishery Company Signed a Long Term Contract for Marine Fuel Supply
RN-Bunker (a Rosneft subsidiary) and Russian Fishery Company in the framework of the IV Eastern Economic Forum signed a marine fuel supply contract for five years on formula pricing terms. ...
9/12/2018 - Fuel oil - Russia
Rosneft & Beijing Gas Plan Joint Development of Gas-Filling Station Chain in Russia
Rosneft and Beijing Gas Group Company Limited (hereinafter referred to as Beijing Gas) in the framework of the IV Eastern economic forum signed an Agreement embodying the basic terms of the joint vent...
9/12/2018 - Natural Gas - Russia
Rosneft & Equinor Join Efforts in the Area of Process and Sire Safety
Rosneft and Equinor, at the IV Eastern Economic Forum, signed the Agreement for cooperation in the area of process and fire safety, occupational safety and health and environmental protection, as well...
9/12/2018 - Safety Services - Russia
Shipbuilding Complex Zvezda & Samsung to Establish JV for Building of Shuttle Tankers
LLC Shipbuilding Complex Zvezda and Samsung Heavy Industries Co. Ltd. (the Republic of Korea) signed an agreement in the framework of the IV Eastern Economic Forum setting the conditions for establish...
9/11/2018 - Mergers and Acquisitions - Russia
Rosneft, VEB Leasing & Sovkomflot Signed Agreements for Construction of 2 Aframax Tankers
Rosneft Oil Company, Zvezda Shipbuilding Complex, Arctic Leasing LLC (a VEB Group Company) and SKF ECO LLC (a Sovkomflot Group Company) in the framework of the Eastern Economic Forum signed a number ...
9/11/2018 - Vessels, Tanks - Russia
Aramco Awards China Harbour Engineering Arabia a Contract to Construct 2 Drilling Islands
Saudi Aramco has awarded a contract to China Harbour Engineering Arabia for the construction of two drilling islands under the company’sBerri Increment Program (BIP). ...
9/11/2018 - Drilling - Saudi Arabia
Reserves at Gazprom Neft’s Neptune Field Reach 415 Million Tonnes
The Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft’s Neptune field, located offshore from Sakhalin Island in the Sea of Okhotsk, at 415.8 million tonnes of oil...
9/11/2018 - Reservoir Engineering & Recovery Methods - Russia
Gazprom Neft & Mitsubishi to Assess Opportunities for Cooperating in Developing Sakhalin Fields
The companies have agreed to investigate potentially combining their competencies and know-how in implementing high-tech upstream projects in the Sea of Okhotsk. ...
9/11/2018 - Development - Russia
Gazprom Neft Develops Its Partnership with the Primorsky Krai
Gazprom Neft and the Administration of the Primorsky Krai have concluded an Agreement at this year’s Eastern Economic Forum, providing for cooperation in the import substitution of lubricants and serv...
9/11/2018 - Lubricants, Oils & Greases - Russia
Gazprom Neft, Mubadala Petroleum & RDIF to Jointly Develop Oil Fields
Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint ...
9/7/2018 - Mergers and Acquisitions - Russia
NISOC Signs $1.2 Billion Gas Deals with PGPIC, Maroon Petchem Co.
The National Iranian South Oil Company (NISOC) signed two contracts, totally valued at $1.2 billion, with the Persian Gulf Petrochemical Industries Company (PGPIC) and Maroon Petrochemical Company for...
9/4/2018 - Petrochemicals - Iran
Adnoc Commissions Specialised Coker Unit
ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has successfully completed the commissioning of a specialized coker unit, as part of its Carbon Black and Coker Project. With...
9/2/2018 - Heavy Oil - United Arab Emirates
Mayor of Moscow Takes A View On Progress on Moscow Refinery’s Euro+ Facility
As construction of a new high-technology Euro+ combined oil refining unit (CORU) nears completion at the Gazprom Neft Moscow Refinery, Moscow Mayor Sergey Sobyanin has made an inspection of final work...
8/31/2018 - Oil Treating & Refining - Russia
Gazprom Neft Developing Digital Technologies in Fuel Deliveries
Gazprom Neft has introduced a range of digital solutions to ensure safety and quality in transporting motor fuels by road. ...
8/29/2018 - Safety Services - Russia
Indonesia Confirms Pertamina CEO as State Firm Pressed to Curb Imports
Indonesia’s government confirmed Nicke Widyawati as the permanent chief executive of Pertamina and picked a new upstream director amid pressure on the state-owned energy firm to curb imports, boost re...
8/29/2018 - Executive Recruiting - Indonesia
Aramco Inks Strategic Collaboration with M.V. Lomonosov Moscow State University
Saudi Aramco Upstream Technology Company (SAUTC), a Saudi Aramco company, has signed a memorandum of understanding (MoU) with Russia’s Lomonosov Moscow State University (MSU) to promote cooperation in...
8/29/2018 - Process Technology Licensing - Saudi Arabia
Sales of Gazprom Neft Lubricants Up 20%
Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, increased sales by 20 percent year-on-year in 1H 2018, to 319,000 tonnes — sales of premium lubricants, moreover, comprising a...
8/28/2018 - Lubricants, Oils & Greases - Russia
Sonatrach CEO in Peru to Discuss Investment & Partnership
Sonatrach CEO , Abdelmoumen Ould Kaddour, begins in Lima (Peru) a working visit to discuss partnership and investment with senior officials of the Peruvian energy sector, we learned from the oil and g...
8/28/2018 - Investment - Algeria
Gazprom Neft Launches the Second Process Line At Its GTP At The Badra Field
Gazprom Neft subsidiary Gazprom Neft Badra has commissioned Line B at its 800 million cubic metre gas treatment plant (GTP) at the Badra field, Iraq. ...
8/27/2018 - Gas Treating - Iraq
Sinopec Says Some Refineries Would Be Hit By A Halt In Iran Crude Buying
A senior executive at Sinopec, the country's largest refiner, said that some of its refineries will be negatively affected if it stops importing Iranian crude, in the first public comment by a senior ...
8/27/2018 - Oil Treating & Refining - Iran
SOCAR & Germany’s UNIPER Join Together to Increase Energy Efficiency in Azerbaijan
Uniper SE and SOCAR will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan. The two companies signed an agreement to that effect today in Baku du...
8/25/2018 - Mergers and Acquisitions - Azerbaijan
Ultra-Reliable Innovative Equipment Being Introduced at Gazprom Neft
The Gazprom Neft Science and Technology Centre, together with specialists from Gazpromneft-Khantos and various Russian companies have developed a range of engineering and technical solutions to develo...
8/23/2018 - Engineering - Russia
Petronas Acquires 30% in Senegal’s Rufisque Offshore Profond Block
PETRONAS through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with TOTAL E&P Senegal SAS, a subsidiary of TOTAL, to acquire a 30% participating interest in the Rufisque Offshore ...
8/13/2018 - Acquisitions and Divestitures - Senegal
Iran Phase 11 of the South Pars Gas Agreement Terms Unchanged Yet
A senior official at the National Iranian Oil Company (NIOC) said no changes had been made in the terms of Irans multi-billion-dollar agreement with a French energy major Total-led consortium developi...
8/13/2018 - Development - Iran
Aramco, Air Products, and ACWA Power to Form $8B Gasification/Power JV
Saudi Aramco, Air Products, and ACWA Power announced the signing of a Term Sheet to form a Gasification/Power joint venture (JV) located at Jazan Economic City (JEC) in Saudi Arabia. ...
8/12/2018 - Mergers and Acquisitions - Saudi Arabia
Saudi Aramco Appoints Al-Dabbagh as Senior VP of Finance
Khalid H. Al-Dabbagh was appointed senior vice president of Finance, Strategy & Development by Saudi Aramco Board of Directors, effective Sept. 1, 2018. ...
8/10/2018 - Executive Recruiting - Saudi Arabia
Ramp-up Underway for Vietnam's New $9B Refinery
The biggest oil refinery in one of Asia's fastest-growing economies is ramping up production and expects to run at full capacity in September after a 16-month delay due to faulty construction, its gen...
8/8/2018 - Production - Vietnam
ADNOC Seeks to Deepen and Expand Relationships with Japan’s Energy Sector
His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), met, today, with His Excellency Hiroshige Seko, Minister of Economy, Trade a...
8/8/2018 - Energy Commodities - United Arab Emirates
UAE Nationals Start Training with Schlumberger to Develop World Class Workforce
A group of Emirati employees, from the Abu Dhabi National Oil Company (ADNOC), has become the first group of trainees to start a two year professional development programme with Schlumberger, one of t...
8/7/2018 - Training - United Arab Emirates
Saudi Aramco Resumes Oil Shipments through Bab-El-Mandeb
Saudi Aramco will resume its oil shipments through Bab-El-Mandeb Strait with immediate effect. The Company will continue to monitor the situation and remain ready to take necessary actions in efforts ...
8/4/2018 - Transport of Hydrocarbons - Saudi Arabia
Sonangol Brings in Helicopter Firms to Restructure Air Division
Angola’s state oil company Sonangol has signed an agreement with two helicopter transport firms, Heliconia and Canada’s CHC, to restructure its aviation subsidiary SonAir. ...
8/2/2018 - Helicopter - Angola
Petronas Delivers First LNG Cargo to Hokkaido Electric Power Company
PETRONAS through its subsidiary, Malaysia LNG Sdn Bhd (MLNG) delivered its first liquefied natural gas (LNG) cargo to Japan's Hokkaido Electric Power Co., Inc. (Hokkaido Electric) on August 1st, 2018....
8/2/2018 - LNG Carriers - Japan
Rosneft & Grupa Lotos SA Expand Cooperation
Rosneft Oil Company and Grupa Lotos SA signed an oil supply contract to Poland. The agreement is valid until the end of 2020, while the supply volume in this period will be from 6.4 to 12.6 million to...
8/2/2018 - Mergers and Acquisitions - Poland
The Moscow Refinery’s “Biosphere” Water Treatment Facility Is Named Best Infrastructure Project
The Gazprom Neft Moscow Refinery was among the winners at this year’s independent Eco Best Award — 2018, awarded for initiatives in ecology and energy and natural resources management, with the expert...
8/1/2018 - Water Supply Services - Russia
Indonesia's Pertamina to Take Over Chevron's Rokan Block in 2021
PT Pertamina (Persero) welcomes the decision of the Government through the Ministry of Energy and Mineral Resources (ESDM) to entrust the management of the Rokan Block to PT Pertamina (Persero). This ...
8/1/2018 - Acquisitions and Divestitures - Indonesia
EU Grants Financial Assistance to TANAP
The EU Member States agreed on European Commission proposal to invest €48.4 million in several key European energy infrastructure projects using funds coming from CEF Energy (Connecting Europe Facilit...
8/1/2018 - Financials and Investment - Azerbaijan
Gazprom Neft Obtains Commercial Oil Inflow from Ignyalinskoye Field
Gazpromneft-Angara, a subsidiary of Gazprom Neft, has obtained a consistent inflow of oil from the Ignyalinskoye field (Irkutsk Region) benefiting from a new approach to the seismic studies. Following...
7/30/2018 - Exploration - Russia
Uralmashplant to Provide two Overhead Cranes with Lifting Capacity 320 Tonnes Each
During the International Far Eastern Maritime Show, Zvezda Shipbuilding Complex and Uralmashplant signed a supply agreement for two overhead cranes with a lifting capacity of 320 tonnes each. ...
7/27/2018 - Cranes - Russia
Drilling, Production and Export Figures for Q2 of 2018
SOCAR's oil production in the second quarter of the current year increased by 3.6 percent to 1.9 million tons, and gas production increased by 5.29 percent to 1.66 billion cubic meters. 3.7 mln tons o...
7/27/2018 - Drilling - Azerbaijan
Gazprom Neft Develops A Bitumen Terminals Network
Gazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, has acquired a high-technology manufacturing—logistics terminal (TA Bitumen LLC) in Salsk, in the Rostov Oblast. This new...
7/26/2018 - Petrochemicals - Russia
Iran Eyes 1,000-km Extension of Gas Transmission Pipelines
The National Iranian Gas Engineering and Development Company is to add 1,000 kilometers of gas distribution pipelines to the national gas distribution network, the company's CEO said. According to the...
7/25/2018 - Oil and Gas Pipeline - Iran
Rosneft Suing Exxon-Led Oil Project over Dispute Between Neighbours
Russian oil major Rosneft’s $1.4 billion lawsuit against the ExxonMobil-led Sakhalin-1 consortium relates to a row over how oil should be shared between the Sakhalin-1 concession and an adjacent Rosne...
7/25/2018 - Financials and Investment - Russia
Unique Floating Dock with 40,000 t Lifting Capacity Delivered on Zvezda Shipyard
A floating transfer dock with a lifting capacity of 40,000 tonnes has been delivered and moored to the berth of Zvezda Shipbuilding Complex. ...
7/25/2018 - FPSO Vessels and Equipment - Russia

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