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National Oil Companies News and Press Releases

South Korea’s Imports of Iranian Crude up 40 in August
The latest official figures show that South Korea’s imports of crude oil from Iran saw a whopping increase of above 40 percent last month. ...
9/17/2017 - Crude Oil - Iran
The Azerbaijan Government & Co-Venturers Sign Amended and Restated ACG PSA
The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended an...
9/14/2017 - Acquisitions and Divestitures - Azerbaijan
Statoil Delegation Visits SOCAR
On September 14, SOCAR President Rovnag Abdullayev received Lars Christian Bacher, Statoil's Executive Vice President for Development and Production International. Welcoming the guest, Mr. Rovnag Abdu...
9/14/2017 - Development - Azerbaijan
NGC Signs MOU in Mozambique and Deepens Business in Africa
An NGC delegation, led by Chairman Gerry C. Brooks and which included NGC’s President, Mark Loquan and PPGPL’s Vice President Business Development, Alvin Dookie, deepened the NGC Group’s ties in East ...
9/13/2017 - Oil & Gas Companies - Mozambique
Rosneft & Statoil to Move the North-Komsomolskoye Field Development into the Next Phase
Rosneft and Statoil, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz, an enterprise that will serve as a basis for ...
9/10/2017 - Development - Russia
PDO Awards US$253M Contracts to Boost Omani Supply Chain
Petroleum Development Oman (PDO) has agreed two deals worth US$253.1 million to Omanise the provision of vital equipment for the oil and gas industry. The Company has signed contracts for the local ma...
9/10/2017 - Transformers - Oman
Gazprom Neft Launches New Advertising Campaign for Its Filling Station Network
A new nationwide advertising campaign for the Gazpromneft filling station networkhit TV screens and the Internet in September, with an advert based around the idea of “cloning” a driver and his car — ...
9/8/2017 - Fuel oil - Russia
Gazprom Neft Sign Agreement on Establishing The “Bazhen Technology Centre”
Gazprom Neft and the Government of the Khanty-Mansiysk Autonomous Okrug-Yugra have signed an agreement on establishing the “Bazhen Technology Centre” in that region. Both parties intend to develop coo...
9/8/2017 - Process Technology Licensing - Russia
BTC Transported 2.5 mln tons of Azerbaijani Oil in August
2 mln 484 thousand 700 tons of Azerbaijani oil were transported via BTC main export pipeline in August 2017. 18 mln 62 thousand 280 tons of oil were transported via this pipeline in January-August. I...
9/8/2017 - Oil and Gas Pipeline - Azerbaijan
Baku Higher Oil School Students are Winners of BP Contest
Three undergraduates of Baku Higher Oil School became winners of Techno Fest 2017 project presentation contest conducted by BP-Azerbaijan for interns undertaking summer on-the-job training internship ...
9/8/2017 - Oil & Gas Companies - Azerbaijan
NNPC & ExxonMobil Fine-Tune Strategy for Improved Production
The Nigerian National Petroleum Corporation (NNPC) and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio with a view to increasing crude...
9/7/2017 - Production - Nigeria
Vice President of Maire Tecnimont visits Baku Higher Oil School
Rector of Baku Higher Oil School (BHOS) Elmar Gasimov hold a meeting with Gianni Bardazzi, Senior Vice President, Group Special Initiatives and Regions Coordination, Maire Tecnimont Group (Italy), and...
9/7/2017 - Oil & Gas Companies - Azerbaijan
Russian Companies Submit Plans to Develop Iran Oil Fields
Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. ...
9/6/2017 - Development - Iran
Iran, India Probably Part Ways on Farzad B
Iran has started preliminary talks with Russians to develop Farzad B but negotiations also carry on with the Indians who have long coveted the giant gas field, Iranian Oil Ministry stated. ...
9/6/2017 - Development - Iran
FEPCO & Corporation for the Development of the Far East Sign Agreement on Activities in PDA
Far Eastern Petrochemical Company and Corporation for the Development of the Far East signed the Agreement on the implementation of activities in the priority development area (PDA) at the III Eastern...
9/6/2017 - Development - Russia
PDVSA & Chevron Continue Their Trade Relationship
Constitutional President of Venezuela Nicolas Maduro held a work meeting with Chevron’s President for the Americas and Africa lay Neff, as well as with Chevron’s CEO assistant Ali Moshiri, with the ai...
9/6/2017 - Oil - Venezuela
Oil Products Export for August 2017
In August 2017, SOCAR Marketing and Economic Operations Department exported 15 332 tons of diesel fuel, 118 tons of stove oil, 2 073 tons of high-pressure polyethylene, 1 811 tons of absolute isopropy...
9/5/2017 - Oil - Azerbaijan
Kuwait KNPC Launches Key Liquefied Gas Project
Kuwait National Petroleum Company (KNPC) kicked off Tuesday the first phase of a liquefied gas tank project in Mina Al-Ahmadi refinery. The project was initiated after the export of the first shipment...
9/5/2017 - Vessels, Tanks - Kuwait
Gazprom Neft is the First of Russia’s Oil Exporters to Become a Market Maker on the Urals Market
Gazprom Neft has become Russia’s first vertically integrated oil company (VIOC) to operate directly as a market maker on the St Petersburg International Commodity Exchange (SPMMEX) futures market. As ...
9/5/2017 - Oil - Russia
Rosneft & CEFC China Sign Strategic Agreement in Siberia
Rosneft and CEFC China Energy Company Limited signed a Strategic Cooperation Agreement and a contract for the supply of Russian crude oil at the 9th BRICS summit. The documents were signed by Igor Sec...
9/3/2017 - Oil - Russia
Saudi Aramco Uses New Technology to Re-explore Vast Empty Quarter
Oil giant Saudi Aramco is using new technology to re-explore areas of the vast Arabian desert known as the Empty Quarter, which could help to bolster its proven reserves of oil and gas before the comp...
8/31/2017 - Exploration - Saudi Arabia
Gazprom Neft Supporting the “Federal It Forum of the Russian Oil & Gas Industry”
The third “Federal IT Forum of the Russian Oil & Gas Industry” will be taking place in St Petersburg on 14 — 15 September 2017. The event will be supported by Gazprom Neft, as General Partner, for the...
8/31/2017 - Oil & Gas Companies - Russia
10-Millionth Tonne of Oil Shipped under Gazprom Neft’s Arctic Logistics Scheme
The total volume of oil shipped under Gazprom Neft’s logistics scheme in the Russian Arctic has now reached 10 million tonnes, with the latest 100,000-tonne consignment of Novy Port oil being shipped ...
8/30/2017 - Oil - Russia
Gazprom Neft Concludes Cooperation Agreement on Implementing the Company’s Technology Strategy
The Gazprom Neft Science and Technology Centre (STC) has concluded a Cooperation Agreement with St Petersburg State University on collaboration in developing projects under the company’s Technology St...
8/29/2017 - Development - Russia
Cooperation Agreement Reached between the Ministry of Land & Resources, Guangdong Province & CNPC
On August 24, 2017, the Ministry of Land and Resources, Guangdong province and CNPC signed in Beijing a Strategic Cooperation Agreement on Promoting the Building of a Pilot Site for Exploring and Expl...
8/29/2017 - Exploration - China
Gazprom Neft Begins Production of Environmentally Friendly Oils, Using Its Own Technologies
Gazpromneft Lubricants, operator of the Gazprom Neft lubricants business, has begun production of a specialist lubricant-plasticizer, Gazpromneft TDAE, at its Omsk Lubricants Plant, using its own uniq...
8/28/2017 - Lubricants, Oils & Greases - Russia
Abu Dhabi Confirms Expanded Programme for World’s Largest Oil and Gas Technical Conference
Organisers of the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), hosted by ADNOC, have confirmed the event’s technical conference, already the world’s largest for oil and...
8/28/2017 - Natural Gas - United Arab Emirates
S. Korea's S-Oil Signs LNG Contract With Malaysia's Petronas For 2018-2033
South Korea's third-largest refiner S-Oil Corp signed a long-term liquefied natural gas (LNG) supply contract with Malaysia's Petronas for 15 years starting from next year, the North Asia company said...
8/25/2017 - LNG Processing - Malaysia
ISO 18647 “Modular Drilling Rigs for Offshore Fixed Platforms” Published
On August 21, ISO 18647 "Petroleum and natural gas industries-Modular drilling rigs for offshore fixed platforms" was officially published. CNOOC has taken the lead to develop the standard. ...
8/23/2017 - Rigs - China
ISO 18647 “Modular Drilling Rigs for Offshore Fixed Platforms” Published
On August 21, ISO 18647 "Petroleum and natural gas industries-Modular drilling rigs for offshore fixed platforms" was officially published. CNOOC has taken the lead to develop the standard. ...
8/23/2017 - Rigs - China
Saudi Aramco Receives Bids for Contracts in Gas Expansion Drive
Saudi Aramco has received bids from international engineering companies to build gas booster compressor stations at Haradh and Hawiyah, industry sources said, as the country plans to diversify its ene...
8/23/2017 - Compressors, Gas - Saudi Arabia
Saudi Aramco To Sign China's Yunnan Refinery Deal In 6 Months
Saudi Aramco is expected to sign a final deal with PetroChina, China's second-largest state-run refiner, within six months to invest in its Yunnan refinery, Saudi Arabia's Energy Minister Khalid al-Fa...
8/23/2017 - Oil Treating & Refining - China
Russian Court Orders Sistema To Pay Rosneft $2.3B In Damages
A Russian court ruled that conglomerate Sistema should pay more than 136 billion roubles ($2.3 billion) to oil major Rosneft in a dispute over oil producer Bashneft. ...
8/23/2017 - Oil & Gas Companies - Russia
Rosneft Closes Strategic Deal for the Acquisition of 49% of Essar Oil
Rosneft has successfully closed the strategic transaction for the acquisition of 49.13% of shares of Essar Oil Limited (EOL) from Essar Energy Holdings and its affiliates. An investment consortium com...
8/22/2017 - Mergers and Acquisitions - Russia
Gazprom Neft Increases Sales of G-Energy Lubricants by One Quarter in H1 2017
Gazpromneft Lubricants, operator of the Gazprom Neft lubricants business, has increased sales of G-Energy products by 26 percent in H1 2017, to 24,000 tonnes. Sales of various premium lubricants, more...
8/21/2017 - Lubricants, Oils & Greases - Russia
Sinopec Engineering Arm Taps Asia Petrochemicals Growth
Sinopec Engineering, part of China's top oil refiner, won 17.8 billion yuan ($2.67 billion) of new contracts in the first half, as strong demand from the Asian petrochemicals industry takes the sting ...
8/21/2017 - Petrochemicals - China
Foreign Funds for Irans Oil Sector a Top Priority
Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil Minister Bijan Zanganeh said on Sunday. ...
8/21/2017 - Investment - Iran
SOCAR President Rovnag Abdullayev Paid Working Visit to St. Petersburg
On August 21, SOCAR President Rovnag Abdullayev met with Chairman of the Management Committee of Gazprom Alexey Miller, and then, CEO of Rosneft Igor Sechin in St. Petersburg.During the meetings, SOCA...
8/21/2017 - Development - Azerbaijan
UAE's ENOC Awards EPC Contract to Overseas-AST
ENOC Group awarded the final contract of three packages that comprise its US$1 billion refinery expansion programme to Overseas-AST. The Engineering, Procurement and Construction (EPC) contract includ...
8/21/2017 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Korean Purchases of Iranian Crude Up 48 in 7 Months
South Korea’s crude oil imports from Iran soared 47.7 percent in the first seven months of this year from the same period last year, customs data showed. ...
8/19/2017 - Crude Oil - Iran
IGAT-VI Operational Before Winter
The National Iranian Gas Company says it will launch Iran Gas Trunkline-VI before winter to ensure gas supply to western regions of the country. Hamidreza Boujarzadeh said the 610-km project bring nat...
8/16/2017 - Production - Iran
NNPC Says its Production Costs Cut to $23 a Barrel
Nigeria's production cost per barrel of crude oil is down to $23, the state oil company said, after the country last month said the cost was $29 a barrel, one of the highest levels in the world. The N...
8/16/2017 - Financials and Investment - Nigeria
Saudi Aramco Sets Bids to Expand Hawiyah Gas Plant
Saudi Aramco has received bids from international engineering firms to expand the Hawiyah gas plant, industry sources said. They said the companies that submitted their proposals, on Sunday, were: Sou...
8/16/2017 - Gas Processing - Saudi Arabia
SOCAR-AQS has Commenced Drilling of Next Well on West Absheron Field
It should be noted that Well 33 will be drilled to Podkirmakinskaya Layer with depth of 730 m. We are confident that we will continue to adhere to our values, and as before, will be delivering the wel...
8/15/2017 - Drilling - Azerbaijan
ADIPEC Increases CEO Line-up for Global Business Leaders Conference
Delegates at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will have more opportunities than ever to hear some of the oil and gas industry’s most powerful executives...
8/14/2017 - Events - United Arab Emirates
PDO and Oman LNG Sign Collaboration Deal
Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) have signed a three-year partnership agreement to enhance technical and commercial co-operation.
8/13/2017 - Investment - Oman
Iran, Turkey, Russia Sign Oil, Gas Investment Agreement
Iran, Russia and Turkey have signed an agreement for joint investment in oil and gas development projects. The agreement was signed in Moscow on Tuesday between Iran's Ghadir investment company, Russi...
8/12/2017 - Investment - Iran
Gazpromneft-Aero Increases Retail Jet Fuel Sales By 13% in 1H of 17
Based on its 1H17 results, Gazpromneft-Aero, the jet fuel operator of Gazprom neft, has increased retail sales of jet fuel to 1.1 million tonnes. This represents a 13% rise year-on-year and ensures th...
8/9/2017 - Jet fuel - Russia
Pertamina First Wells Drilling at Mahakam Working Area
PT Pertamina (Persero) through its subsidiary company, PT Pertamina Hulu Mahakam (PHM) has conducted the first PHM drilling spud in Tunu field within the Mahakam Working Area, conducted by Total E & P...
8/8/2017 - Drilling - Indonesia
Gazprom Neft Successfully Completes Rub15 Billion Placement of Exchange-Traded Bonds
Gazprom Neft has successfully completed the placement of its series 001P-02R exchange-traded bonds, with a nominal value of RUB15 billion, and a maturity of seven years. The coupon rate is set at 8.25...
8/8/2017 - Mergers and Acquisitions - Russia

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