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National Oil Companies News and Press Releases

ADNOC Aims to Deepen Investment and Partnership with China
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO, held a series of meetings with Chinese oil, gas, refining and petrochemical indust...
7/9/2018 - Investment - United Arab Emirates
Gazprom Neft Developing Immersive Educational Technologies Together With Htc And Modum Lab
In partnership with Taiwan’s HTC and immersive software developer Modum Lab,Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, is launching a pilot project to develop digital ed...
7/4/2018 - Lubricants, Oils & Greases - Russia
Saudi Aramco Rrebalances its Asia Crude Oil Benchmark
Saudi Aramco announced that it is adjusting its Asia crude oil pricing marker in an effort to increase the overall reliability of its crude oil pricing. ...
7/4/2018 - Financials and Investment - Saudi Arabia
NOC Declares Force Majeure at Hariga & Zuetina Ports
National Oil Corporation has declared force majeure on crude oil loadings at Hariga and Zuetina oil terminals at 1100. This suspension of obligations is in addition to the state of force majeure at th...
7/2/2018 - Safety Services - Libya
Al Yasat Awarded EPC Contract for Bu Haseer Field to NPCC
Al Yasat Company for Petroleum Operations (Al Yasat), a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has awarded the Engineering, Procurement and Construction (EPC) contract, for the full ...
7/2/2018 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Sonangol Settles Cobalt Energy Dispute with $350m Payment
Angola’s state energy firm Sonangol said on Friday it made a $350 million payment this month to Cobalt International Energy to settle a dispute over oil block sales. ...
6/29/2018 - Financials and Investment - Angola
High-Tech Icebreaker "Alexander Sannikov" Becomes the Latest Addition to Russia’s Arctic Fleet
The Alexander Sannikov, a new cutting-edge icebreaker, commissioned by Gazprom Neft was built to support tankers going from Novoportovskoye field along the North Sea route. The new vessel will help en...
6/29/2018 - FPSO Vessels and Equipment - Russia
Aramco, NOV Sign JV Agreement to Provide High-specification Drilling Rigs
Saudi Aramco signed a shareholder agreement with National Oilwell Varco, Inc. (NOV) to form a joint venture partnership to establish an integrated world-class on-shore rig and equipment manufacturing ...
6/28/2018 - Rigs - Saudi Arabia
Indonesia's Pertamina Says Iran Oil Field Deal Frozen over US Sanctions
Indonesia’s government decided last month to freeze Pertamina’s deal to operate the Mansouri oil field in Iran because it wanted to preserve the country’s 'good relationship' with the United States, P...
6/26/2018 - Development - Iran
Aramco Signs Framework Agreement with ADNOC & MoU with RRPCL to Jointly Pursue Ratnagiri Refinery
Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) announced that they have signed a Framework Agreement to jointly develop the Ratnagiri Refinery and Petrochemicals Limited (RRPCL), a 1.2 mi...
6/25/2018 - Mergers and Acquisitions - India
Saudi Aramco CEO Says has 2 million barrels per day of Spare Capacity
Oil giant Saudi Aramco has spare capacity of 2 million barrels per day (bpd) and can meet additional oil demand in case of any interruption in supplies, the company head said on Monday, days after OPE...
6/25/2018 - Production - Saudi Arabia
Iran to Sign Power Deal with Georgia
The CEO of the National Iranian Gas Company (NIGC) said the company was preparing an electricity contract to sign with Georgia for export of 10% of the power it receives from Armenia in exchange for n...
6/24/2018 - Electricity - Iran
Saudi Aramco to Supply Egyptian Refineries for Another Six Months
Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said. ...
6/19/2018 - Oil - Saudi Arabia
Catastrophic Damage at Ras Lanuf Terminal
The National Oil Corporation (NOC) confirms the loss of storage tanks 2 and 12 at the Ras Lanuf port terminal following Thursday’s armed assault by militia in the Oil Crescent, led by Ibrahim Jadhran....
6/18/2018 - Oil Spill & Emergency Response - Libya
Gazprom Neft Middle East B.V. Produces its Millionth Tonne of Oil in Kurdistan
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its millionth tonne of oil at the Garmian field, located in the Kurdistan Region of Iraq (KRI). Total production at the field is now ...
6/15/2018 - Production - Iraq
Gazprom Neft Expands Hydrocarbon Exploration Area in Yamal
Russia’s Ministry of Natural Resources and the Environment has awarded Gazprom Neft a license to explore and evaluate natural resources at the Yuzhno-Novoportovsky and Surovy license blocks, located o...
6/14/2018 - Exploration - Russia
Moscow Refinery Completes Installation of Large-Scale Equipment for its Cutting-Edge Euro+ CORU
Eighty nine percent of works on the construction of the Euro+ combined oil refining unit (CORU) at the Gapzrom Neft Moscow Refinery are now complete, including installation of all large-scale equipmen...
6/14/2018 - Oil Treating & Refining - Russia
NOC Evacuates Personnel from Ras Lanuf & Sidra due to Clashes
National Oil Corporation has evacuated staff from both Sidra and Ras Lanuf terminals for their safety due to armed clashes in the area. The loss in oil production is around 240,000 bpd and a planned t...
6/14/2018 - Safety Services - Libya
Petronas Completes Its First LNG Break Bulking Ship-to-Ship Transfer
PETRONAS through its subsidiary, PETRONAS LNG Ltd. (PLL) has successfully delivered its liquefied natural gas (LNG) cargo through its maiden break bulking ship-to-ship (STS) transfer in Brunei Bay, as...
6/13/2018 - LNG Carriers - Malaysia
Gazprom Neft Raises Peak Output Forecast for Novoport Oilfield
Russia’s Gazprom Neft expects its new Novoport oilfield to achieve peak production of 8.6 million tonnes per year, up from its previous forecast of 8 million tonnes, the company’s head, Alexander Dyuk...
6/10/2018 - Production - Russia
Repsol Encourages US Rage with First Purchase of Iranian Oil
Iran’s oil exports hit a new record in May which also saw the country sell its first cargo from West Karoun to Spain’s Repsol. National Iranian Oil Company exported 2.4 million barrels per day (bpd) o...
6/9/2018 - Oil - Iran
Iran & Iraq Begin Strategic Oil Swap Scheme
Iran has started exchanging crude oil with Iraq through a strategic project which is believed to open a new route for Baghdad to export its oil. Iran’s Ministry of Petroleum announced that road tanker...
6/9/2018 - Crude Oil - Iran
Wang Yilin Meets with NOVATEK CEO Leonid Mikhelson
CNPC Chairman Wang Yilin met with a visiting delegation headed by Leonid Mikhelson, Chairman of Management Board of PAO NOVATEK. The two sides exchanged in-depth views on overall progress of Yamal LNG...
6/8/2018 - LNG Processing - China
Gazpromneft-Orenburg Brings Its Uransky Licence Block into a New Oil Production Cluster
Gazpromneft-Orenburg has secured the subsoil usage rights to the Novozarinskoe field in the Orenburg Oblast, with a licence for exploration and development being issued by the Federal Subsoil Resource...
6/8/2018 - Development - Russia
Igor Sechin Met with the Minister of Commerce of China Zhong Shan
Prior to the visit of the President of the Russian Federation Vladimir Putin to China, the Chief Executive Officer of Rosneft Igor Sechin and the Minister of Commerce of the PRC Zhong Shan held a work...
6/7/2018 - Oil & Gas Companies - Russia
Indian Essar Oil Changes Corporate Name to Nayara Energy Limited
Indian Essar Oil Limited, where Rosneft PJSC holds 49.13%, has been rebranded as Nayara Energy Limited. The decision was finalised at an extraordinary general meeting of its shareholders. ...
6/6/2018 - Oil & Gas Companies - Russia
Gazprom Neft & IBM Expand Joint Work on New Digital Projects
Within the framework of the St. Petersburg International Economic Forum, Gazprom Neft and IBM agreed on expanding cooperation in new technological projects in on-shore oil production. One of the possi...
6/6/2018 - Oil & Gas Companies - Russia
UAE's ADNOC May Sell More of Distribution Business
Abu Dhabi National Oil Company is considering selling another 10 percent stake in its fuel distribution business, which listed in an initial public offering last year, but the timing is uncertain, thr...
6/5/2018 - Financials and Investment - United Arab Emirates
Qatar Petroleum Signs Deal with Exxon for Stake in Argentine Assets
Qatar Petroleum entered into an agreement with US Supermajor, ExxonMobil, to become a 30% equity holder in two ExxonMobil affiliates in Argentina that hold different interests in hydrocarbon licenses ...
6/4/2018 - Acquisitions and Divestitures - Argentina
Gazprom Neft & Skoltech Agree to Establish Innovative Digital Lab
The Science and Technology Center of Gazprom Neft and the Skolkovo Institute of Science and Technology signed a collaboration agreement at the Skolkovo Startup Village — the largest startup-conference...
6/1/2018 - Mergers and Acquisitions - Russia
CNPC Plans Internal Consolidation To Fast-Track Gas Storage Upgrade
China's CNPC plans to consolidate billion-dollar underground gas storage assets into one business to expedite an infrastructure upgrade it needs to avert a long-term supply crunch during peak winter h...
6/1/2018 - Natural Gas - China
Gazprom Neft Improves Efficiency in Developing the Priobskoye Field
Gazprom Neft has entered into an agreement with American corporation DeGolyer and MacNaughton Corp. on the selection and utilisation of innovative enhanced oil recovery (EOR) techniques at its Priobsk...
5/31/2018 - Enhanced Oil Recovery - Russia
Gazprom Neft Working With Yandex Terra to Develop Innovative Russian Digital Solutions
The Gazprom Neft Science and Technology Centre (NTC) and Yandex Terra(Seismotech Ltd) have announced the completion of a two-year programme testing a range of domestically produced software to support...
5/30/2018 - Seismic survey - Russia
SOCAR & Statoil (Equinor) Agree to New Joint Upstream Projects in Caspian Sea
On 30th of May State Oil Company of Azerbaijan Republic (SOCAR) and Statoil Azerbaijan, part of Norway’s Equinor group signed a Risk Service Agreement (RSA) Related to the Development of the Karabagh ...
5/30/2018 - Mergers and Acquisitions - Azerbaijan
Saudi Aramco Awards Halliburton Contract for Unconventional Gas Stimulation Services
Saudi Aramco signed the Unconventional Gas Stimulation Services contract with Halliburton to further improve the economics of Saudi Aramco’s Unconventional Resources Program. ...
5/27/2018 - Cementing, Stimulation - Saudi Arabia
Gazprom Neft to Create Pilot Domestic Industrial Digital Production Platform
Gazprom Neft and AI-solutions company Zyfra have concluded a Cooperation Agreement on implementing a new digital initiative, “Digital Plant” signed by Anatoly Cherner, Deputy CEO for Logistics, Proces...
5/25/2018 - Monitoring & Control - Russia
Rosneft Boosts Clout in Iraqi Kurdistan with Gas Pipeline Deal
Russian state oil major Rosneft signed a deal to help Kurdistan develop its gas reserves and build a gas pipeline, expanding the company’s dominance in the energy sector of Iraq’s semi-autonomous regi...
5/25/2018 - Oil and Gas Pipeline - Iraq
Rosneft & Oranto Petroleum Look into Potential Cooperation in Africa
At the XXII St. Petersburg International Economic Forum, Rosneft and Oranto Petroleum Limited (Nigeria) signed a memorandum of understanding on potential cooperation in the implementation of oil and g...
5/25/2018 - Exploration - Senegal
Rosneft & Fleet Energy to Join Gas Supplies to Egypt
As part of XXII St. Petersburg International Economic Forum, Rosneft, Fleet Energy and Fleetliner Energy S.A. signed a Framework Cooperation Agreement. The document secures the intention of the Partie...
5/25/2018 - Natural Gas - Egypt
Gazprom Neft Signs MoU with IFP Energies Nouvelles
Gazprom Neft and one of the world’s largest oil and gas industry research centres, IFP Energies nouvelles (France), have signed a Memorandum of Understanding (MoU) at this year’s St Petersburg Interna...
5/25/2018 - Enhanced Oil Recovery - Russia
Gazprom Neft & Sberbank Sign Memorandum of Intent
Gazprom Neft and Sberbank have signed a Memorandum of Intent at this year’s St Petersburg International Economic Forum, the signatories to the document being Vadim Yakovlev, First Deputy CEO, Gazprom ...
5/25/2018 - Financials and Investment - Russia
Gazprom Neft Confirm Developing the Bazhenov Formation
Gazprom Neft, the Ministry of Industry and Trade of the Russian Federation, and the Government of the Khanti-Mansi Autonomous Okrug (Yugra) have signed a Memorandum of Understanding (MoU) on addressin...
5/25/2018 - Development - Russia
Rosneft & GNPC Arrange LNG Supply to Ghana
As part of the XXII St. Petersburg International Economic Forum, Rosneft and the Ghana National Petroleum Corporation (GNPC) signed the package of documents assuming the delivery to the port of Tema (...
5/25/2018 - LNG Carriers - Ghana
Gazprom Neft & Repsol Sign Technical Cooperation Agreement
Gazprom Neft and Repsol have entered into a Technical Cooperation Agreement at this year’s St Petersburg International Economic Forum, signed by Vadim Yakovlev (First Deputy CEO, Gazprom Neft), and Lu...
5/24/2018 - Development - Russia
Gazprom Neft & Skolkovo Agree to Support Developments in Technological Partnerships
Gazprom Neft and the Moscow School of Management, SKOLKOVO, have signed a Memorandum of Understanding (MoU) confirming their interest in collectively developing research under technological partnershi...
5/24/2018 - Development - Russia
MAIL.RU Group to Partner Gazprom Neft in Developing a Global Business Management
Gazprom Neft has concluded a Cooperation Agreement with Mail.Ru Group on collaborating in the development and implementation of digital technologies and Industry 4.0 solutions at this year’s St Peters...
5/24/2018 - Development - Russia
Oil-Product Shipments to be Robotized at Gazprom Neft
Gazprom Neft has signed a Cooperation Agreement with the Russian State Scientific Centre for Robotics and Technical Cybernetics (RTC) on developing solutions in robotization and unmanned operation sys...
5/24/2018 - Production - Russia
Gazprom Neft Expands Its Partnership with the Moscow Oblast
Gazprom Neft has concluded a Cooperation Agreement with the Government of the Moscow Oblast on delivering modern, high-technology bitumen materials for the region’s roads, as well as cooperating in im...
5/24/2018 - Oil Treating & Refining - Russia
Gazprom Neft & Mitsui will Assess the Prospects for Cooperation
On May 24, 2018, Gazprom Neft and Mitsui signed a Memorandum of Understanding at St. Petersburg International Economic Forum. The parties agreed to assess the prospects for cooperation between the two...
5/24/2018 - Development - Russia
Gazprom Neft & 1C to Start Work on Developing Oil-Industry It Solutions
Gazprom Neft and 1C Company are synchronising operations in developing IT solutions for the oil industry, with Gazprom Neft Deputy CEO for Administration Kirill Kravchenko and Boris Nuraliev, Presiden...
5/24/2018 - Development - Russia

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