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Middle East Oil & Gas News

Rosneft Develops Projects in Iraqi Kurdistan
Iraq >> 9/18/2017 - Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (‘KROP”) and will shortly finalise the legally binding documents on oil pipeline project under t...
CB&I and Saipem Awarded EPC Contract for Duqm Refinery Project
Oman >> 9/18/2017 - CB&I announced a consortium between CB&I and Saipem S.p.A. has been awarded a contract by Duqm Refinery and Petrochemicals Industries Company L.L.C. (DRPIC) for EPC Package 3 for the Duqm Refinery Pro...
PDO Supports New Omani Factory in Nizwa
Oman >> 9/13/2017 - A new PDO-backed factory, which will manufacture key well equipment for the oil and gas industry, has been officially opened in Nizwa. The Omani company Gulf Energy SAOC established the Fishing & Reme...
Sebacic Oman to Start Production by Year-end
Oman >> 9/13/2017 - Commercial operation of Sebacic Oman’s Duqm project will start by the end of this year and pave way for exports in the first quarter of 2018, an official said. The company will produce Sebacic Acid. ...
Asian Product Market - September 2017
Asian Product Market - September 2017 Oman >> 9/13/2017 - The Asian market continued its upward trend in August, and was also affected by disruption of supply from the USGC, resulting in growth in all product crack spreads, with the exception of fuel oil, w...
Major LPG Producers, Traders, Suppliers Convene in Dubai for CMT’S 12th LPGtrade Summit
United Arab Emirates >> 9/13/2017 - On 23-25 October, CMT’s premier LPGtrade Summit returns to Dubai for its 12th edition with deliberations on new capacities in the Middle East and USA’s growing LPG exports into Asia. ...
The Maritime Standard Tanker Conference
The Maritime Standard Tanker Conference United Arab Emirates >> 9/13/2017 - The second annual The Maritime Standard Tanker Conference, which takes place on Tuesday 24th October at the Grosvenor House Hotel in Dubai, has assembled some of the leading names in the industry to s...
Shell to Withdraw from Iraq's Majnoon Oilfield
Iraq >> 9/12/2017 - Royal Dutch Shell is seeking to sell Iraq’s Majnoon oilfield and the oil ministry has started preparations to finalize its exit, according to an oil ministry letter and oil officials. A letter signed ...
Kuwait's LNG Terminal Project Vital for Oil Sector
Kuwait >> 9/12/2017 - Kuwait Integrated Petrochemical Industries Company (KIPIC) affirmed significance of the Liquefied Natural Gas Import Terminal Project for backing up the national oil sector. The LNG terminal output ca...
Chinese Firm to Set up $2.8B Petrochem Firm in Duqm
Oman >> 9/12/2017 - A Chinese firm plans to invest $2.8 billion in a major petrochemical project at the Sino-Oman industrial park in Duqm’s Special Economic Zone (SEZ), a Chinese newspaper announced. ...
Saudi to Supply Full Crude Allocations to Most Asian Refiners
Saudi Arabia >> 9/11/2017 - Saudi Arabia will supply full contracted volumes of crude oil to at least five north Asian term buyers in October, while a sixth regional refiner was notified of cuts to its October Arab Extra Light s...
Lamprell Appoints New Chairman
United Arab Emirates >> 9/11/2017 - Lamprell announces the appointment of John Malcolm in the role of Non­Executive Chairman for the Company with effect from 20 September 2017, following the planned retirement of John Kennedy from the ...
Iraq Replaces Head of Oil Marketer SOMO
Iraq >> 9/10/2017 - Iraq has dismissed Falah al-Amri as head of oil marketer SOMO but he will remain the country’s OPEC governor, the Iraqi oil ministry said. A spokesman said Amri would also remain a consultant for mark...
Oman Invites Bids for 4 Oil and Gas Blocks
Oman >> 9/10/2017 - The Ministry of Oil & Gas has unveiled a total of four onshore hydrocarbon blocks for investment as part of the Oman Licensing Round 2017, registration and bidding for which formally commences on Sept...
PDO Awards US$253M Contracts to Boost Omani Supply Chain
Oman >> 9/10/2017 - 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...
Saudi's Falih Discuss Oil Supply Cuts Extension with Venezuela, Kazakhstan
Saudi Arabia >> 9/10/2017 - Saudi Arabian Energy Minister Khalid al-Falih discussed with his Venezuelan and Kazakh counterparts the possible extension of the global oil supply cut pact beyond March 2018, the Saudi energy ministr...
Saudi Assures Investors that Reforms, Aramco IPO On Track
Saudi Arabia >> 9/9/2017 - Saudi Arabia's government assured investors on Saturday that its Vision 2030 economic reform programme, including the sale of a stake in national oil giant Saudi Aramco, was on track despite plans to ...
DNO Joins ExxonMobil on Baeshiqa License in Kurdistan
Iraq >> 9/8/2017 - DNO ASA, the Norwegian oil and gas operator, announced an agreement with ExxonMobil to join the Baeshiqa license in the Kurdistan region of Iraq. ...
Kuwait KNPC Launches Key Liquefied Gas Project
Kuwait >> 9/5/2017 - 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...
Mammoet Wins Contract for Petrochemical Plant in Oman
Oman >> 9/5/2017 - Mammoet to provide heavy lift and transportation solutions for Oman’s biggest ongoing petrochemical project. Since opening its new offices in Oman, Mammoet has been awarded the heavy lift and transpor...
Russia, Saudi Arabia Discussed Extending OPEC-led Deal, No Decision
Saudi Arabia >> 9/5/2017 - Russia and Saudi Arabia have discussed extending an oil output cut deal between OPEC and non-OPEC producers but no specific decisions have been made, the TASS news agency quoted Russian Energy Ministe...
Saudi Arabia Oil Demand - August 2017
Saudi Arabia Oil Demand - August 2017 Saudi Arabia >> 9/5/2017 - In Saudi Arabia, the first six months of 2017 indicate a 3.0% y-o-y decline in oil requirements. The main factors behind this are the sluggish volumes for crude direct use, as well as diesel oil, main...
SMC to Explore Potential for Downstream Projects
Saudi Arabia >> 9/4/2017 - The wholly government-owned Salalah Methanol Company (SMC), which signed agreements last month for the addition of an ammonia plant to its world-scale methanol scheme in Dhofar Governorate, says it wi...
Lukoil President Discusses Development of Joint Projects with the Iraqi Oil Minister
Iraq >> 8/31/2017 - Today, Vagit Alekperov, PJSC LUKOIL President and CEO, and Jabbar Ali Hussein Al-Luiabi, the Oil Minister of Iraq, held a meeting in Moscow. The parties discussed the development of the Company's proj...
Saudi Aramco Uses New Technology to Re-explore Vast Empty Quarter
Saudi Arabia >> 8/31/2017 - 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...
Sonangol to Return to Qayara and Najma Oil Fields in Iraq
Iraq >> 8/30/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with Mr. Santos Edison the CEO of Sonangol Angolan company, and his entourage and discussed with him about the bilateral cooperation. ...
Energean Receives Approval for the Karish and Tanin FDP
Israel >> 8/30/2017 - Energean Oil & Gas is pleased to announce that its subsidiary Energean Israel, a 50/50 JV between Energean and Kerogen Capital, has received approval from the Israeli Petroleum Commissioner for its Fi...
SEZAD Signs An Agreement to Construct $517M Liquid Bulk Berth Project
Oman >> 8/30/2017 - The Special Economic Zone Authority in Duqm (SEZAD) signed on August 30, 2017 an agreement with Boskalis Westminster (Oman) LLC for the construction of the liquid Bulk Berth Project at Duqm Port at a ...
Salalah Methanol Secures $728M Project Finance from 12 Banks
Oman >> 8/28/2017 - Salalah Methanol Company (SMC), a wholly-owned subsidiary of the Oman Oil Company (OOC), said it has secured a 12-year $728 million project finance facility for funding an ammonia project from a mix o...
Dow to Acquire 15% More Stake in Sadara from Saudi Aramco
Saudi Arabia >> 8/28/2017 - The Dow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) announced a non-binding Memorandum of Understanding (MOU) that sets forth a process for Dow to acquire an additional 15 percen...
Abu Dhabi Confirms Expanded Programme for World’s Largest Oil and Gas Technical Conference
United Arab Emirates >> 8/28/2017 - 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...
DNO Increases Stake at Tawke Oilfields in Kurdish Region of Iraq
Iraq >> 8/24/2017 - DNO ASA, the Norwegian oil and gas operator, has been assigned the 20 percent interest in the Tawke license held by the Kurdistan Regional Government as part of a landmark settlement of outstanding re...
Gazprom Neft Begins LPG Production at the Badra Field
Iraq >> 8/23/2017 - Gazprom Neft Badra, a subsidiary of Gazprom Neft, has begun trial shipments of liquid petroleum gas (LPG) to Iraq’s state-owned Gas Filling Company. All equipment at the gas plant that is currently be...
Saudi Aramco Receives Bids for Contracts in Gas Expansion Drive
Saudi Arabia >> 8/23/2017 - 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...
Bapco to Meet Technip-led Consortium for Talks on Refinery Expansion
Bahrain >> 8/22/2017 - State-run Bahrain Petroleum Co (Bapco) will meet a consortium led by France's Technip for further talks over the planned expansion of Bahrain's only oil refinery, sources close to the matter told Reut...
Noble Energy & Delek Drilling Awarded Extension to Alon D Licence
Israel >> 8/22/2017 - Delek Group announces that below is an Immediate Report by Delek Drilling Limited Partnership (the Partnership) concerning the decision of the Minister of Energy in respect of the Alon D license.
...
Kuwait Says Oil Spills Contained
Kuwait >> 8/22/2017 - Kuwait's state oil company said that an oil spill off the country's coast had been contained and that it was in contact with oil companies operating in the Gulf region to try to locate the source of t...
OTTCO Signs Usufruct Agreement to Develop Ras Markaz Crude Oil Storage Terminal
Oman >> 7/6/2017 - The Special Economic Zone Authority at Duqm "SEZAD" has granted Oman Tank Terminal Company LLC "OTTCO" a Usufruct Right to construct Ras Markaz Crude Oil Storage Terminal. Oman Tank Terminal Company L...

Africa Oil & Gas News

Africa Economy - September 2017
Africa Economy - September 2017 Egypt >> 9/20/2017 - Two large African economies posted encouraging GDP growth in 2Q17. In Nigeria, the GDP saw 0.6% y-o-y growth in 2Q17, following five quarters of recession, according to the National Bureau of Statisti...
Safeguarding Operational Life of Switchgear at Power Plants
Swaziland >> 9/20/2017 - ABB announces an enhanced solution using the VD4G vacuum generator circuit breaker to extend the safe operational life of electrical power plants. The solution can be used to modernise both ABB or non...
Armour Energy Granted Kanywataba’s Exploration Licence
Uganda >> 9/19/2017 - The Board of Directors of Armour Energy Limited (Armour) is pleased to announce that Armour has been granted the exploration licence for the Kanywataba Block in the Albertine Graben in Uganda. ...
Algeria's Sonatrach to Boost Output from Rhourde El Baguel field
Algeria >> 9/18/2017 - Algeria’s state-run energy firm Sonatrach will boost gas output by 10 million cubic metres per day at its giant Hassi Messaoud field and will then increase output by 6 mcm a day at nearby Rhourde el B...
Egypt to Reduce LNG Imports as Zohr Gas Field Nears Production
Egypt to Reduce LNG Imports as Zohr Gas Field Nears Production Egypt >> 9/18/2017 - Egypt is planning to reduce its liquified natual gas (LNG) imports in the fiscal year 2017-18 thanks to expected production from the Zohr gas field, restricting LNG imports to 80 shipments worth $1.8 ...
SDX Spudded of KSR-14 Development Well
Morocco >> 9/18/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce the spud of its KSR-14 development well on the Sebou permit in Morocco. ...
Hyperdynamics Provides Additional Results from Fatala-1 Well
Guinea >> 9/15/2017 - Hyperdynamics Corporation (Hyperdynamics), provided additional results from its analysis of well logs from the Fatala-1 exploration well recently drilled offshore the Republic of Guinea in Northwest A...
Xodus Group Wins Two ESIA Contracts in Senegal
Senegal >> 9/15/2017 - Xodus Group has been awarded two Environmental and Social Impact Assessment (ESIA) contracts for projects in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senega...
Anglo African Oil & Gas Provides Update of TLP 103 Well
Congo >> 9/14/2017 - Anglo African Oil & Gas plc, an independent oil and gas developer, announces an update on activities with regards to the drilling of TLP 103, a new well to be drilled in the producing Tilapia oil fiel...
LEKOIL Reports Otakikpo Production Now at 7,000 Bopd
Nigeria >> 9/14/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce an increase in current production at the Otakikpo Marginal Field (Otakikpo) in OM...
NGC Signs MOU in Mozambique and Deepens Business in Africa
Mozambique >> 9/13/2017 - 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 ...
Africa Energy Acquires Interest in Namibian PEL 37
Namibia >> 9/13/2017 - Africa Energy Corp. (Africa Energy) announces the acquisition of one-third of the shares in a subsidiary of Pancontinental Oil & Gas N.L. (Pancontinental) that holds a 30% participating interest in Pe...
24TH Africa Oil Week Programme at the Cutting Edge of Industry Evolution
South Africa >> 9/13/2017 - ITE, organiser of leading international oil and gas events, is pleased to announce the highlights of the forthcoming 24th edition of its internationally renowned Africa Oil Week, which will be held in...
Siemens Collaboration with Uganda is Progressing Positively
Uganda >> 9/13/2017 - Siemens has made positive strides in collaboration with the Ugandan government and key stakeholders to identify opportunities to support some of the country’s immediate and long-term energy and infras...
Borr Drilling Accepts LoI from BW Energy Dussafu B.V
Gabon >> 9/12/2017 - Borr Drilling Limited (Borr) has accepted a letter of intent from BW Energy Dussafu B.V. (BWE), a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s premium, high-specification ...
Bilateral Talks with CEO of ARAMCO
Bilateral Talks with CEO of ARAMCO Egypt >> 9/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Ibrahim Gassem Al-Buainain, President and CEO of Aramco Trading, a subsidiary of Aramco Global during his visit to Egypt i...
Bell Geospace Wins Airborne FTG Survey Contract in Liberia
Liberia >> 9/11/2017 - Simba Essel Energy Inc. (Simba) advises that its partner Essel Group Middle East (EGME) have signed an agreement with Bell Geospace to conduct a comprehensive airborne FTG (Full Tensor Gravity Gradiom...
Shoreline Energy Signs $300 Million Gas Deal with Shell
Nigeria >> 9/11/2017 - Nigerian energy company Shoreline has signed a $300 million agreement with the local unit of Shell to develop gas infrastructure around the commercial capital, Lagos, both companies said. Shell said i...
Baker Awarded Subsea Contract for Zohr Gas Field
Baker Awarded Subsea Contract for Zohr Gas Field Egypt >> 9/9/2017 - In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a major subsea contract from Petrobel for phase tw...
Hyperdynamics' Fatala-1 Exploration Well Disappoints
Guinea >> 9/8/2017 - Hyperdynamics Corporation (Hyperdynamics), announced that the Fatala-1 exploration well drilled offshore the Republic of Guinea in Northwest Africa has reached its total drilling depth and did not enc...
ABB’S Electric Bus Charger HVC 300P is ‘Just the Ticket’ for Gottinger Verkehrsbetriebe
Swaziland >> 9/8/2017 - As the demand for sustainable and energy efficient transport systems continues to grow, ABB is pleased to announce that it will supply one of its Heavy Vehicle Chargers (HVC) 300P for G?ttinger Verkeh...
Eni Secures Saipem 12000 Drillship for Rabat Deep Licence
Morocco >> 9/7/2017 - Chariot Oil & Gas Limited , the Atlantic margins focused oil and gas exploration company, announces the assignment of a drilling rig for its upcoming RD-1 well which will target the JP-1 prospect. ...
OPEC Member Countries Economy - August 2017
OPEC Member Countries Economy - August 2017 Nigeria >> 9/7/2017 - The non-oil private sector in Saudi Arabia showed notable improvement in its business conditions in July by highest rate in three months as suggested by Emirates NBD Saudi Arabia PMI. The index increa...
NNPC & ExxonMobil Fine-Tune Strategy for Improved Production
Nigeria >> 9/7/2017 - 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...
Statoil Farms into Two Exploration Blocks in South Africa
South Africa >> 9/7/2017 - Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship. Statoil has completed a transaction with ExxonMobil Exploration and Production Sout...
Aminex Submits Ntorya Development Plan to TPDC for Approval
Tanzania >> 9/6/2017 - Aminex is pleased to announce that a Development Plan for the Ntorya field, located onshore in the Ruvuma Basin, Tanzania has been submitted to the Tanzania Petroleum Development Corporation (TPDC) fo...
African Petroleum Provides Corporate Update
Gambia >> 9/4/2017 - African Petroleum provides the following update regarding the A1 and A4 licences in The Gambia. ...
Sound Provides Update re Development Funding
Morocco >> 9/4/2017 - Sound Energy, the European and African focused upstream gas company, is pleased to provide an update on the funding which will be required to develop the Company's existing Eastern Morocco discovery. ...
Government Completed 2D Seismic Program over Odewayne Block
Somalia >> 9/4/2017 - Sterling Energy Plc, the AIM listed oil and gas exploration and production company, is pleased to announce that the Government sponsored 2D seismic program of 1,000kms full fold data on the Odewayne B...
Rise of Pan-African Banking Could Raise Between $490-$950bn
South Africa >> 9/4/2017 - Estimates from PwC analysis show the financial development opportunity in Sub-Saharan Africa could range between $490 and $950 billion of additional credit for the region with the right regulatory, ba...
PetroSA & Rosgeo Sign $400m Agreement to Develop O & G Blocks Offshore South Africa
South Africa >> 9/4/2017 - PetroSA, the Oil and Gas Corporation of South Africa, and Rosgeo, geological exploration company of the Russian Federation, have signed an agreement that will see about US$400 Million invested in oil ...
Aminex Provides Ntorya Gas Field Basin Model Update
Tanzania >> 9/4/2017 - Aminex is pleased to announce a further material increase in its management estimate of gas initially in place (‘GIIP’) in its Ntorya appraisal area in the onshore Ruvuma Basin of Tanzania. ...
Savannah Provides Corporate & Niger Operational Update
Niger >> 9/1/2017 - On 8 June 2017, Savannah announced that it had entered into a binding exclusivity agreement with Seven Energy International Limited in relation to the potential acquisition of substantially all of its...
Mobilisation of Rig to the Opuama Field
Nigeria >> 9/1/2017 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to confirm that the OES Teamwork Rig has been mobilised to th...
Alstom Appoints Xavier Boisgontier as MD Southern Africa Cluster
South Africa >> 9/1/2017 - Alstom announces the appointment of Xavier Boisgontier as Managing Director Southern Africa Cluster with effect from 1 September 2017. Xavier has worked for Alstom since 1998. He has extensive experie...
ABB Facilitates New Networking Opportunities for External Developers
Swaziland >> 9/1/2017 - With its Smarter Home Developer Program Busch-Jaeger, an ABB brand, opens its systems up to developers and partners with the presentation of three interface variants at IFA ...
Saipem Awarded New Work worth $370 million
Angola >> 8/31/2017 - Eni Angola S.p.A. has awarded Saipem work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017. The work, which will be performed by ...
CGG Signs Agreement with Mozambique Ministry for Vast Offshore Multi-client Program
Mozambique >> 8/31/2017 - CGG has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender process held by INP in 2016. As a result of this agreement, CGG will ...
Baker Hughes Wins 2nd Major Contract for Coral South FLNG
Mozambique >> 8/30/2017 - Baker Hughes, a GE company has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique, underlining the company’s position as the world’s first ...

Asia Oil & Gas News

The Abraaj Group & ENGIE to Develop a Wind Power Platform in India
India >> 9/20/2017 - The Abraaj Group (“Abraaj” or the “Group”), a leading investor operating in growth markets, and ENGIE, a leading multinational utility company and the largest global independent power producer, announ...
Ramba Energy Farms out Additional Interest in Lemang PSC to Mandala Energy
Indonesia >> 9/20/2017 - Ramba Energy has announced that the Company’s 80.4% - owned Indonesian subsidiary, Hexindo, has on 16 September 2017, entered into agreements to farm-out a 15% participating interest in the production...
Yokogawa Included in DJSI Asia Pacific Index
Japan >> 9/20/2017 - Yokogawa Electric Corporation has been selected for inclusion in the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific), one of the DJSI family of global stock indices that track stocks b...
Caspian Oil Supply - September 2017
Caspian Oil Supply - September 2017 Azerbaijan >> 9/19/2017 - In Azerbaijan, according to data provided by the Ministry of Energy, oil production averaged 0.82 mb/d in July, almost the same as in June, but lower by 42 tb/d y-o-y. Of this, 0.74 mb/d was crude and...
Gazprom Neft Begins Full-Scale Hydrocarbon Prospecting of Pre-Jurassic Deposits
Russia >> 9/18/2017 - Gazprom Neft has begun geological investigations in Paleozoic hydrocarbon deposits in the Tomsk Oblast. Thus far, the complex structure of the pre-Jurassic complex has not been deemed an independent g...
GTT Receives Order from HHI to Design LNG Tanks of a New FSRU
South Korea >> 9/18/2017 - GTT has received an order from the South Korean Shipyard Hyundai Heavy Industries. The order concerns a new Floating Storage and Regasification Unit (FSRU) which has been contracted by Triumph Offshor...
South Korea’s Imports of Iranian Crude up 40 in August
Iran >> 9/17/2017 - 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. ...
Green Dragon Gas & CNPC Get Development Approval for Greka Chengzhuang CBM Block
China >> 9/15/2017 - Green Dragon Gas, one of the largest independent companies involved in the production and sale of coal bed methane (CBM) gas in China, has announced that the China National Development and Reform Comm...
Sinar Mas Cepsa Starts up Production at EUR 300 million Vegetable-Based Alcohols Plant
Indonesia >> 9/15/2017 - Sinar Mas Cepsa inaugurated its first oleochemicals plant in Indonesia, which represents an investment of EUR 300 million made over 2 years. The plant will produce fatty alcohols from sustainably-sour...
Iran Secures $10 Billion Chinese Funding
Iran >> 9/15/2017 - China’s CITIC Trust signed a 10-billion-dollar deal with five Iranian banks on Thursday to fund development and production projects in Iran, the official website of Central Bank of Iran (CBI) reported...
Goldpetrol Signs Chauk & Yenangyaung Field IPRCs
Myanmar >> 9/15/2017 - Interra Resources Limited (Interra) is pleased to announce that further to the announcement dated 10 August 2017, its joint venture entity, Goldpetrol Joint Operating Company Inc. (Goldpetrol) has sig...
Supplies of the Russian Natural Gas to Croatia are Resuming on a Long-Term Basis
Russia >> 9/15/2017 - Gazprom Export LLC and the Croatian Prvo plinarsko dru?tvo d.o.o. signed a long-term contract on natural gas supplies for the period from 1 October 2017 to 31 December 2027. The annual supply volume w...
The Azerbaijan Government & Co-Venturers Sign Amended and Restated ACG PSA
Azerbaijan >> 9/14/2017 - 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...
25 More Years in the ACG Field
Azerbaijan >> 9/14/2017 - Statoil, together with co-venturers and the Azerbaijan Government sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA. The Azerbaijan Government and the State Oil Company of the Republic of ...
Statoil Delegation Visits SOCAR
Azerbaijan >> 9/14/2017 - 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...
Wood Group Wins Subsea Contract Supporting CNOOC in the South China Sea
China >> 9/14/2017 - Wood Group has been awarded a new contract by China National Offshore Oil Corporation (CNOOC) to support their Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. ...
India Oil Trade - September 2017
India Oil Trade - September 2017 India >> 9/14/2017 - In July, India’s crude imports averaged 4.1 mb/d, which is 222 tb/d, or 5%, lower than the level in previous month. India’s refinery throughput went down slightly from one month before. On an annual b...
Gazprom Approves Revised Investment Program, Budget, and Cost Reduction Program for 2017
Russia >> 9/14/2017 - The Gazprom Management Committee approved the revised drafts of the investment program, budget (financial plan) and cost optimization (reduction) program for 2017. ...
CNPC & Eni Sign a Cooperation Agreement
China >> 9/13/2017 - China National Petroleum Corporation (CNPC) and Eni have signed a cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading an...
CB&I Announces CATOFIN Technology Award for Petrochemical Plant in China
China >> 9/11/2017 - CB&I (CBI) announced it has been awarded a contract by Xuzhou HaiDing Chemical Technology Co. Ltd. for the license and engineering design of a grassroots propane dehydrogenation unit to be built in Pi...
Sergey Skrynnikov Appointed as Head of Department 338
Russia >> 9/11/2017 - Sergey Skrynnikov has been appointed as Head of Department 338 at Gazprom. ...
China Invests $9.1 Billion in Rosneft as Glencore & Qatar Cut Stakes
China >> 9/10/2017 - Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partne...
Rosneft & Statoil to Move the North-Komsomolskoye Field Development into the Next Phase
Russia >> 9/10/2017 - 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 ...
Baku Higher Oil School Students are Winners of BP Contest
Azerbaijan >> 9/8/2017 - 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 ...
New State-of-the-Art Subsea Construction Vessel Launched in Azerbaijan
Azerbaijan >> 9/8/2017 - The vessel was named Khankendi by the President of Azerbaijan, H.E. Ilham Aliyev, at a ceremony in Baku Shipyard and launched by the Shah Deniz consortium. ...
BTC Transported 2.5 mln tons of Azerbaijani Oil in August
Azerbaijan >> 9/8/2017 - 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...
Alexey Kryukov Named Head of Gazprom Transgaz Yekaterinburg
Russia >> 9/8/2017 - Alexey Kryukov has been appointed Director General of Gazprom Transgaz Yekaterinburg. Alexey Kryukov was born in 1976 in the Sverdlovsk Region. He graduated from Ural State Technical University, major...
Private Debt in Domestic Market Reaches RUB 179 billion
Russia >> 9/8/2017 - The Gazprom Board of Directors Commission on Strengthening Financial Discipline for Domestic Gas Supplies held its first meeting today. It was noted that the growth in outstanding debt payable to Gazp...
Gazprom Neft Launches New Advertising Campaign for Its Filling Station Network
Russia >> 9/8/2017 - 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 — ...
Gazprom Neft Sign Agreement on Establishing The “Bazhen Technology Centre”
Russia >> 9/8/2017 - 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...
SPD & Yugra Government Confirmed Partnership for 2018
Russia >> 9/8/2017 - On 8 September in Khanty-Mansiysk Alexey Govzich, CEO of Salym Petroleum Development N.V. (SPD), and Natalia Komarova, Governor of the Khanty-Mansi Autonomous Okrug – Yugra, discussed the main areas o...
Zvezda-Hyundai Design Bureau Signed a Designing Contract for Construction of Aframax Tankers
Russia >> 9/8/2017 - Joint venture of Zvezda Shipbuilding Complex and Hyundai Samho Heavy Industries Co., Ltd. (HSHI) LLC Zvezda-Hyundai signed a contract with Lazurit Design Bureau for development of design documentation...
Vostokproektverf & DSEC Co.,Ltd with Support of Rosneft Establish Joint Venture
Russia >> 9/8/2017 - The Far Eastern Design Institute Vostokproektverf, a subsidiary of the Far Eastern Shipbuilding and Repair Center (FESRC), and DSEC Co., Ltd, a major partner of Daewoo Shipbuilding & Marine Engineerin...
Rosneft & Rosmorport Agree to Cooperate in Placement Ice-Breaker Orders with Zvezda Shipyard
Russia >> 9/8/2017 - Rosneft, Zvezda Shipbuilding Complex and Rosmorport Federal State Unitary Enterprise signed an agreement for cooperation in placing orders for building unique ice breakers with the draft of about 3 me...
Zvezda Shipbuilding Complex Signed an Agreement with GTT
Russia >> 9/8/2017 - With the assistance of Rosneft, Zvezda Shipbuilding Complex signed an agreement with the French Engineering Company Gaztransport & Technigaz (GTT) on technical evaluation of the potential of Shipbuild...
Rosneft & Lamor Corporation Agree to Set up a Joint Venture in Russia
Russia >> 9/8/2017 - 82 Ship Repair Plant, a company of Rosneft group, and Lamor Corporation Ab signed a joint venture agreement. Rosneft and Lamor agreed to create a joint venture forproduction of oil spill response equi...
Zvezda Shipbuilding Complex & Korea's Samsung Heavy Industries Create a JV
Russia >> 9/8/2017 - Zvezda Shipbuilding Complex and Samsung Heavy Industries Co. Ltd. (The Republic of Korea) signed the Term Sheet for creating a joint venture (JV) to manage projects for construction of Arctic shuttle...
Rosnefteflot & MCRI Sign Agreement on Testing of the Specialized Arctic-Class Coatings
Russia >> 9/8/2017 - Rosnefteflot (Rosneft subsidiary) and Marine Chemical Research Institute Co. Ltd. (MCRI) (ChemChina subsidiary) signed agreement on testing of the specialized Arctic-class coatings in ice conditions. ...
Vice President of Maire Tecnimont visits Baku Higher Oil School
Azerbaijan >> 9/7/2017 - 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...
Trans Adriatic Pipeline is 50% Completed
Azerbaijan >> 9/7/2017 - The Trans Adriatic Pipeline (TAP) is now more than 50% completed, nearly 16 months after construction began. This includes all engineering, procurement and construction scope. As of early-September 20...

Global Oil & Gas News

SKF Helps Keep Erdinger WeiBbrau Brewery Flowing
Germany >> 9/20/2017 - SKF has provided a modern lubrication system to the largest family-owned wheat beer brewery in Germany, to help them improve the flexibility of internal processes and meet growing demand. ...
ABB Expands E-Mobility Fast Charging Infrastructure in Germany
Germany >> 9/20/2017 - ABB has received another major order from energy supplier EnBW for the expansion of the charging column network on German motorways. By the end of 2017, ABB will have delivered an additional 117 rapid...
Statoil's Share Saving Plan Allocates Shares
Norway >> 9/20/2017 - The shares purchased by DNB on behalf of Statoil ASA on 15 September 2017 for use in the group's Share Saving Plan have on 20 September 2017 been distributed to the employees in accordance with their ...
Statoil & Techstars Launch Global Accelerator Program
Norway >> 9/20/2017 - Statoil is partnering with Techstars to create a global accelerator program for innovators and entrepreneurs who aspire to shape the future of energy. Techstars will reach out through its global netwo...
Total Expands its Energy Efficiency with the Acquisition of GreenFlex
France >> 9/19/2017 - Total is to acquire GreenFlex, a French company specialized in energy efficiency. Founded in 2009, GreenFlex is one of the European leaders in its sector, with more than 600 clients. The company is fo...
BP Begins Providing Natural Gas to Mexico
Mexico >> 9/19/2017 - BP Energia Mexico, BP’s natural gas marketing and trading arm in Mexico, has started to deliver approximately 200,000 mmbtu/d of natural gas to industrial users, local distribution companies and indep...
Wintershall Receives Consent to Drill Balderbra Prospect in PL 894
Norway >> 9/19/2017 - Wintershall has received consent to drill an exploration well in the Norwegian Sea. Wintershall Norge AS (Wintershall) is the operator for production licence 894 in the Norwegian Sea. We have given th...
EMGS Reports Multi-Client Sales in Barents Sea
Norway >> 9/19/2017 - Electromagnetic Geoservices ASA (EMGS) has entered into data licensing agreements related to 3D CSEM multi-client data in the Barents Sea in Norway. The agreements represent combined revenues of appro...
San Leon Enters into Definitive Agreements to Dispose of Concessions
Poland >> 9/19/2017 - San Leon Energy Plc, the AIM listed oil and gas exploration and production company focused on Africa and Europe, has entered into a series of definitive agreements with TSX-Ventures listed Horizon Pet...
Baker Hughes & KBC to Provide Software Solutions to O&G Industry
United States >> 9/19/2017 - Baker Hughes, a GE company (BHGE) and KBC a wholly-owned subsidiary of Yokogawa Electric Corporation, announced a preferred partnership that will provide a combination of process simulation, asset per...
LyondellBasell Introduces Moplen Grade EP310J HP PP Resin Offering
United States >> 9/19/2017 - LyondellBasell, one of the world's largest plastics, chemical and refining companies, introduced Moplen grade EP310J HP, a polypropylene (PP) resin offering improved sealing strength and produced usin...
McDermott to Present at the Johnson Rice & Company 2017 Energy Conference
United States >> 9/19/2017 - McDermott International, Inc. (MDR) Vice President, Treasurer and Investor Relations Ty Lawrence is scheduled to speak at the Johnson Rice & Company 2017 Energy Conference in New Orleans, Louisiana on...
Beach Energy Spuds Louth-1 Well in PRL 102
Australia >> 9/18/2017 - Cooper Energy announces that Louth-1, an exploration well being drilled by the PEL 92 Joint Venture in PRL 102 in the Cooper Basin spudded at 11:00 on 15 September. At 06:00 this morning the well had ...
Pemex Announces Nobilis-Maximino Public Bidding Process
Mexico >> 9/18/2017 - The Nobilis-Maximino Confecession is an essential part of Petroleos Mexicanos’ strategy to promote such partnerships that will strengthen its operating, financial and technological capabilities. As es...
New Zealand Oil & Gas Receives Takeover Notice from O.G. Oil & Gas
New Zealand >> 9/18/2017 - New Zealand Oil & Gas has received notice under rule 41 of the Takeovers Code from O.G. Oil & Gas (Singapore) Pte. Ltd. of its intention to make a partial takeover offer to acquire 67.55% of each clas...
OMV Delineates Wisting Discovery in Barents Sea – 7324/8-3
Norway >> 9/18/2017 - OMV (Norge) AS, operator of production licence 537, has completed the drilling of appraisal well 7324/8-3 on oil discovery 7324/8-1 (Wisting) in the Barents Sea. The well was drilled about two kilomet...
Statoil & Eni award Bristow Two Helicopters Contracts
Norway >> 9/18/2017 - Together, Statoil and Eni have awarded Bristow the contract for one SAR helicopter, and one transport helicopter, which can be converted to a SAR helicopter when needed. Both are Sikorsky S-92 helicop...
SKF Introduces Series 310 1st Non-Metallic Metering Device
Sweden >> 9/18/2017 - SKF announced the introduction of its Series 310, the industry’s first non-metallic metering device. Featuring a sleek, contemporary design, it is constructed of high-performance PA66 resin and provid...
Matt Corbin Joins Sparrows Group as Director of European Operations
United Kingdom >> 9/18/2017 - Sparrows Group has strengthened its leadership team with the appointment of Matt Corbin as its regional operations director for the UK and Europe to support the company’s continued growth in the oil a...
Oceaneering Launches New Corporate Website
United States >> 9/18/2017 - Oceaneering International, Inc. (Oceaneering) announced the launch of an improved and redesigned corporate website, www.oceaneering.com. The new site offers a user-friendly experience and easy navigat...
GE Appoints Two New Digital Officers
United States >> 9/18/2017 - GE [GE] announced the appointment of two new company officers. Eddie Amos has been promoted to Vice President of Industrial Applications & Chief Technology Officer, GE Digital. Amos first entered the ...
Searcher Commences Malvinas Exploration Campaign
Argentina >> 9/15/2017 - Searcher Seismic has announced entry into Argentina with four new multi-client projects. Commencing in phases, the first phase comprises of an Offshore Basin Analysis Report providing a regional frame...
Karoon Clarifies Brazil Strategy
Brazil >> 9/15/2017 - Concerning recent media articles, Karoon seeks to clarify its current strategy in Brazil. As announced and reported throughout 2017, Karoon is looking to acquire production assets.

Regard...
Teekay Tankers Authorizes New Share Repurchase Program
Canada >> 9/15/2017 - Teekay Tankers Ltd. (Teekay Tankers or the Company) announced that its Board of Directors has authorized a share repurchase program for the repurchase of up to $45 million of the Company’s Class A com...
INPEX to Acquire Participating Interest in Exploration License PL767
Norway >> 9/15/2017 - INPEX CORPORATION (INPEX) announced that through its subsidiary INPEX Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 (the License) loca...
ABB Completes Acquisition of KEYMILE’s Communication Business
Switzerland >> 9/15/2017 - ABB has completed the acquisition of the mission-critical communication business of the KEYMILE Group, a leading manufacturer of mission-critical and broadband telecommunication solutions, with instal...
Serica Energy Provides Erskine Field Operations Update
United Kingdom >> 9/15/2017 - Serica Energy plc provides an update on Erskine production operations. The operator of the Lomond platform has advised a delay to the restart of Erskine production pending completion of repairs requir...
Range Resources Provides Company Update
United States >> 9/15/2017 - The Company refers its shareholders to the announcement published earlier today relating to resumption of share trading on ASX. The Company remains committed to maintain a listing in London and intend...
Teekay LNG Partners Declares Distribution on Series a Preferred Units
Canada >> 9/14/2017 - Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership), has declared a cash distribution of $0.5625 per unit on the Partnership’s Series A preferred units for t...
Premier Oil Seeks Buyer for Stake in North Sea Gas Field
Norway >> 9/14/2017 - Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters, as it tries to pay down a heavy debt pile it accrued during the oil...
Rotork SPI Keeps Plant Control Systems Reliably Informed of Manual Valve Positions
United Kingdom >> 9/14/2017 - Refinery operators have a pressing requirement to improve the efficiency of flow control in their plants and they want to know from the Distributed Control System (DCS) if valves are open or closed. I...
TechnipFMC Wins Integrated EPCI Contract for Lancaster EPS Project
United Kingdom >> 9/14/2017 - TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract from Hurricane Energy PLC. ...
Neste Jacobs Launches NAPCON Games Distiller
Finland >> 9/13/2017 - Technology, engineering and project management company Neste Jacobs releases the first new generation digital game called NAPCON Games Distiller. It is developed for operator training and operator tes...
ABB Controls & Software to Optimize Electric Bus Operations
Switzerland >> 9/13/2017 - ABB announced that Transports publics genevois (tpg), Geneva’s public transport operator in Switzerland, has placed an order for an ABB Ability based solution comprising a supervisory control and data...
Armada Kraken FPSO Offloads 1st Cargo from Kraken Field
United Kingdom >> 9/13/2017 - Bumi Armada Berhad, Malaysia-based international offshore energy facilities and services provider is pleased to announce that its Armada Kraken FPSO, operating on the Kraken field in the UK North Sea ...
Yokogawa Supports Hurricane Harvey Disaster Relief Efforts
United States >> 9/13/2017 - The Yokogawa Group would like to express its heartfelt condolences to the victims of Hurricane Harvey, which made landfall in Texas on August 25. To support disaster relief efforts, Yokogawa will be m...
Chevron Contributes $1 Million for Hurricane Irma Relief
United States >> 9/13/2017 - Chevron U.S.A. Inc. announced a contribution of $1 million from Chevron and the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Irma. ...
Schlumberger Unveils New DELFI Cognitive E&P Environment
United States >> 9/13/2017 - Schlumberger unveiled the new DELFI cognitive E&P environment at the SIS Global Forum. This environment enables collaboration across exploration and production (E&P) teams and leverages the full poten...
ABB String Inverters Selected for Chilean Photovoltaic Projects
Chile >> 9/12/2017 - ABB, a pioneer and leader in the development of innovative solar power conversion technology has signed a contract to provide ABB string inverters for two new photovoltaic power plants delivered by th...
Flowserve Appoints David Wilson as President, IPD
Germany >> 9/12/2017 - Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, announced that David Wilson has been appointed as president, Industrial Products ...

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