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Middle East Oil & Gas News

Iraq's Oil Reserves Increase to 153 Billion Barrels
Iraq >> 2/20/2017 - Mr. Jabbar A. Allibi the minister of oil declared for the elevation of the Iraqi reserves to (153) billion barrels. Mr. Allibi said that the exploration & reservoir activities in (7) oil fields in the...
Iraq Ministry of Oil Extinguishes the Well No.77 in Qayara Oil Field
Iraq >> 2/20/2017 - The ministry of oil declared for the extinguishing of the well No.77 in Qayara oil field. The spokesman of the ministry Mr. Assim Jihad said that the technical and engineering staff of the north oil c...
Iraq, Iran Consider Building Pipeline to Export Kirkuk Crude
Iraq >> 2/20/2017 - Iraq and Iran signed a memorandum of understanding to study the construction of a pipeline to export crude oil from the northern Iraqi fields of Kirkuk via Iran, the Iraqi oil ministry said in a state...
Rosneft Started Drilling of the First Exploration Well in Iraq
Iraq >> 2/20/2017 - The company of Rosneft group started drilling of the first exploration well at the Block 12 in the Republic of Iraq. Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine...
Abu Dhabi Awards China's CEFC 4 pct of Oil Concession for $900 mln
United Arab Emirates >> 2/20/2017 - Abu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi National Oil Co (ADNOC) said. ...
Middle East to Invest $294b in Oil and Gas Projects
Oman >> 2/19/2017 - Oil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....
ADNOC Awards CNPC Stake in ADCO Onshore Concession
United Arab Emirates >> 2/19/2017 - Abu Dhabi National Oil Company (ADNOC), signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a s...
Saudi Oil Pipeline Leak Causes One Death, Three Injuries
Saudi Arabia >> 2/18/2017 - An oil leak in a Saudi Aramco pipeline in eastern Saudi Arabia caused one death and three injuries, a Saudi newspaper said. ...
Iraq Plans to Acquire 'Large Fleet' of Oil Tankers
Iraq >> 2/17/2017 - Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement. ...
Lamprell Delivers New NDC Jack-up Drilling Rig
United Arab Emirates >> 2/17/2017 - Lamprell, a leading provider of diversified engineering and contracting services to the energy industry, announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”,...
CGG Completes Industry-First FalconPlus Survey for Bapco
Bahrain >> 2/16/2017 - CGG has completed the acquisition and processing of the first ever Airborne Gravity Gradiometry (AGG) survey of the Kingdom of Bahrain. Conducted on behalf of the Bahrain Petroleum Company (Bapco), th...
Oman Considers Taking Early Payments for Oil to Avoid New Debt
Oman >> 2/16/2017 - The government of Oman is considering financing structures that let it get advance payments from oil traders, reducing the government's need to borrow more money from banks, sources familiar with the ...
Abu Dhabi's New $125 bln Fund to Start Operating in May 2017
United Arab Emirates >> 2/16/2017 - A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate's biggest funds, is expected to start operating in May, its chief executive said. ...
Kerogen Capital Invests in Energean Israel
Israel >> 2/15/2017 - Energean Oil & Gas is pleased to announce that Kerogen Capital has committed to invest an initial US$50 million in Energean Israel, a subsidiary of Energean, ahead of the planned $1.3 billion developm...
Tethys Oil: Correction of Export Error Affects Revenue and Result Negatively
Oman >> 2/14/2017 - Tethys Oil has been informed by the operator of Block 3 and 4, that due to an inadvertent fiscal metering calibration problem, an over-reporting of exported oil from Blocks 3 and 4 during the period A...
Dana Gas Says Wins Court Judgement in Kurdistan Dispute
United Arab Emirates >> 2/14/2017 - United Arab Emirates energy firm Dana Gas, one of the largest investors in Iraq's Kurdistan region, said it had won a judgement against the Kurdistan Regional Government (KRG) at a London tribunal. ...
ABB Delivers Substation to Enable Power Flow from Solar Park
United Arab Emirates >> 2/14/2017 - ABB has successfully energized a major substation that will help evacuate power from the Mohamed Bin Rashid Al Maktoum (MBR) Solar Park, a key element of the vision to generate 7 percent of Dubai’s po...
Genel Energy Provides Update on Miran and Bina Bawi Fields
Iraq >> 2/13/2017 - Genel Energy plc has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts (‘PSC’s) and Gas Lifting Agreements (‘GLA’s) for both the Miran and Bina Ba...
Kuwait's KPC to Spend 35B dinars on Oil Projects in 5 Years
Kuwait >> 2/13/2017 - Kuwait Petroleum Corp (KPC) expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next five years, its chief executive officer said, adding 30 percent of the amount would be for l...
Hyflux Signs MOU to Develop Three Desalination Plants in Saudi Arabia
Saudi Arabia >> 2/13/2017 - Hyflux Ltd, through its wholly-owned subsidiary Hydrochem Saudi Limited, signed a Memorandum of Understanding (MOU) with the state-owned Saline Water Conversion Corporation (SWCC) following a public ...
Oxy Welcomes OOCEP’s 45 per cent Interest in Oman Block 9
Oman >> 2/11/2017 - US-based international oil and gas producer Occidental Petroleum Corporation (Oxy) says it is optimistic about growth prospects across its substantial operations in the Sultanate, most notably in Bloc...
Abu Dhabi Seeks over 240,000 T Gasoline after Recent Fire
United Arab Emirates >> 2/10/2017 - Abu Dhabi National Oil Co (ADNOC) is seeking over 240,000 tonnes of gasoline for March to April to plug a supply shortfall following a fire that shut half of the capacity at its oil refinery recently,...
Iraq's Basra Oil Export Terminal Resumes Loadings after 24 hour Halt
Iraq >> 2/9/2017 - Iraq's main oil export terminal, off the southern city of Basra, resumed loading after a 24-hour halt because of work to install a new pipeline feeding the facility, an executive at state-run South Oi...
KNPC Signs Deal to Treat Liquid Sulfur
Kuwait >> 2/9/2017 - Kuwait National Petroleum Company (KNPC) announced that it has partnered with Gulf Spic General Trading and Contracting Company (GS), for a project to build facilities for the treatment of liquid sulf...
DNO Announces 'Stepped up Drilling Campaign' in Kurdistan and Oman
Oman >> 2/9/2017 - DNO ASA, the Norwegian oil and gas operator, announced a stepped up drilling campaign in the Kurdistan region of Iraq and the Sultanate of Oman on the back of 2016 operating profits and improved payme...
Saudi Aramco, Baker Hughes Introduce ESP System
Saudi Arabia >> 2/9/2017 - Saudi Aramco and Baker Hughes announced the first installation of the TransCoil™ rigless-deployed electrical submersible pumping (ESP) system, which is designed to help operators bring wells on produc...
Polarcus Awarded 4D Project Offshore West Africa
United Arab Emirates >> 2/9/2017 - Polarcus Limited (Polarcus) has received a letter of award for a 4D marine seismic acquisition project offshore West Africa. The project is due to commence in Q2 2017 and will run for approximately on...
Polarcus Secures Extension of South American Campaign
United Arab Emirates >> 2/8/2017 - Reference is made to the stock exchange release issued on 16 December 2015 in which Polarcus Limited announced an award for a 3D marine seismic project in South America.

The company is pl...
Receipt of Payment for KRI Oil Exports from Tawke Field
Iraq >> 2/7/2017 - Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $35.45 million from the Kurdistan Regional Government as ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 2/7/2017 - Genel Energy plc is pleased to announce that the Taq Taq field partners have received a gross payment of $16.55 million from the Kurdistan Regional Government ('KRG') for oil sales during November 201...
Amec Foster Wheeler Opens New Office in Oman
Oman >> 2/7/2017 - Amec Foster Wheeler announces the opening of a new office in the Sultanate of Oman. Establishing a permanent presence there will support the transfer of the company's global experience and capabilitie...
Oil Sector to Employ over 2000 Kuwaitis in 2017-2018
Kuwait >> 2/5/2017 - Kuwait Petroleum Corporation (KPC) is set to employ over 2000 Kuwaitis for the fiscal year 2017-2018. With the new employment, the number of new Kuwaiti workers in the oil sector will reach 4000 for t...
Sohar Refinery Improvement Project 99pc Complete
Oman >> 2/4/2017 - Orpic, the nation’s refining and petrochemicals flagship, has announced the successful completion of a trio of major components at the heart of its multi-billion dollar upgrade of its refinery at Soha...
Saudi Arabia Raises March Crude Oil Pricing for All Buyers
Saudi Arabia >> 2/3/2017 - Saudi Arabia, the world’s largest crude exporter, raised pricing for March sales to buyers from the U.S. to Asia as output cuts by OPEC and other producers shore up oil prices. ...
Energean Appoints TechnipFMC as FEED Contractor
Israel >> 2/2/2017 - Energean Oil & Gas has appointed TechnipFMC as the Concept and Front End Engineering Design (FEED) contractor for the Karish and Tanin development programme. This follows Energean’s recent decision to...
Saudi Aramco Examines Berri Oilfield Oil, Gas Expansion
Saudi Arabia >> 2/2/2017 - State oil giant Saudi Aramco is considering expanding its oil and gas production from the Berri offshore oilfield, industry sources told Reuters. Aramco would over time add 250,000 barrels per day of ...
Saudi to Invite Bids for New Renewable Energy Projects in April 2017
Saudi Arabia >> 2/1/2017 - Saudi Arabia will invite international and domestic companies to bid for renewable energy projects in April, the energy minister said, adding that he expected to award the deals in September. ...
Saudi Arabia may Raise U.S. Oil Investments
Saudi Arabia >> 2/1/2017 - Saudi Arabia may increase its oil investments in the United States due to a more fossil fuel-oriented energy policy by the U.S. administration of President Donald Trump, the kingdom's energy minister ...
Aramco Deploys Innovative Electrical Submersible Pumping System
Saudi Arabia >> 2/1/2017 - Saudi Aramco has announced the successful installation and functional test of the collaboratively developed Baker Hughes TransCoil rigless deployed electrical submersible pumping (ESP) system. ...
Iraq Seeks Foreign Partner for Second Gas Plant
Iraq >> 1/31/2017 - Iraq is looking for foreign partners to build and operate a second venture to process gas released as a by-product of oil production in its southern fields, state-run South Gas Company said. ...

Africa Oil & Gas News

Rosneft Signs Libya Oil Deal as More Investors Return to Country
Libya >> 2/21/2017 - Rosneft PJSC signed investment and crude-purchasing agreements with Libya’s National Oil Corp. as more international companies return to the North African country to gain access to Africa’s largest re...
Eland Oil & Gas Provides Update on Nigeria Operations
Nigeria >> 2/21/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce that since the last announcement made by the Com...
Sound Provides Update on Proposed Acquisition
Morocco >> 2/20/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce, further to the Company's announcement of 19 January 2017, that it has entered into binding agreements with ...
Sound Energy Commences Drilling of TE-8 Well
Morocco >> 2/20/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to confirm the commencement of drilling at the third Tendrara well, onshore Morocco. ...
LEKOIL Starts Continuous Production at Otakikpo
Nigeria >> 2/20/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce that further to the announcement on 8 December 2016, the six kilometre offshore p...
Chariot Awarded Kenitra Offshore Exploration Permit
Morocco >> 2/16/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has b...
The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC)
Zambia >> 2/16/2017 - The7thAnnual Zambia International Mining and Energy Conference & Exhibition (ZIMEC) supported and endorsed by the Government andthe Chamber of Mines, Zambia,will take place once again in Lusaka, from ...
NOC Libya to Showcase Investment Opportunities at NAPEC2017
Libya >> 2/15/2017 - Libya's National Oil Corporation (Libya NOC) is working on restoring its oil and gas production capacity to the same level prior to the Arab Spring, and plans to discuss partnerships with oil service ...
Moulay Bouchta Extension Confirmed
Morocco >> 2/15/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, announces that its subsidiary, Gulfsands Petroleum Morocco Limited ("GPML"), has been awarded ...
Italy's Eni to Start Production in Egypt by End of 2017
Italy's Eni to Start Production in Egypt by End of 2017 Egypt >> 2/14/2017 - Italian oil and gas company Eni said on Tuesday that Zohr oil field, which the company discovered in 2015, will enter production before end of year, Eni's chief executive said at an oil conference in ...
Egypt Nearing Deal with Iraq in Search for Crude Oil Imports
Egypt Nearing Deal with Iraq in Search for Crude Oil Imports Egypt >> 2/14/2017 - Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said. ...
BOURBON Wins First Pipelay EPCI Contract for Hylia Project
BOURBON Wins First Pipelay EPCI Contract for Hylia Project Gabon >> 2/14/2017 - BOURBON announces its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6” rigid pipeline as part of the Hylia Water Injection P...
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt Egypt >> 2/13/2017 - Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore ...
TOTAL, Schlumberger, SNEPCo, First E & P, SEPLAT, NCDMB and NAPIMS Confirm Speakers for WAIPEC 2017
TOTAL, Schlumberger, SNEPCo, First E & P, SEPLAT, NCDMB and NAPIMS Confirm Speakers for WAIPEC 2017 Nigeria >> 2/13/2017 - The Petroleum Technology Association of Nigeria (PETAN) has announced the first set of speakers to feature on the programme at the West African International Petroleum Exhibition and Conference 2017 (...
7thNorth Africa Petroleum Exhibition & Conferences (NAPEC) 2017
Algeria >> 2/12/2017 - Libya's National Oil Corporation (Libya NOC) is working on restoring its oil and gas production capacity to the same level prior to the Arab Spring, and plans to discuss partnerships with oil service ...
Cobalt Announces Closing of DOJ Investigation
Angola >> 2/9/2017 - Cobalt International Energy, Inc. (Cobalt) has received a letter from the United States Department of Justice (DOJ) advising Cobalt that the DOJ has closed its FCPA investigation into Cobalt’s operati...
AMOC to Offer 10-20% of Shares in Secondary Listing
AMOC to Offer 10-20% of Shares in Secondary Listing Egypt >> 2/9/2017 - Alexandria Mineral Oils Co (AMOC) plans to offer 10-20 percent of its shares in a secondary stock market listing as well as 10 percent as Global Depositary Receipts listed in London, its chairman said...
Dana Gas Freezes Egypt Investments over Debts
Dana Gas Freezes Egypt Investments over Debts Egypt >> 2/9/2017 - Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, the chief executive of the United Arab Emirates company said. ...
Zambia Cancels Five Oil Exploration Licences
Zambia >> 2/9/2017 - Zambia revoked five oil exploration licences after the companies failed to comply with the rules, mining minister Christopher Yaluma said, without naming the firms. ...
Actemium Wins Total Maintenance Work off Angola
Angola >> 2/8/2017 - Actemium Angola and Actemium Oil & Gas Maintenance have been awarded an offshore multidisciplinary maintenance contract by Total E&P Angola. ...
Eni Starts Production of East Hub Development Project
Angola >> 2/8/2017 - Eni has started production of the East Hub Development Project, in Block 15/06 of the Angolan deep offshore, ahead of development plan estimates and with a time-to-market among the best in the sector....
Sandvik Increases Its Presence in Offshore Egypt
Sandvik Increases Its Presence in Offshore Egypt Egypt >> 2/8/2017 - Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, has extensively increased its presence in offshore Egypt in 2016, booking...
DeepOcean Completes Ground Breaking 3D Laser Survey for Tullow
Ghana >> 2/8/2017 - ADUS DeepOcean, a subsidiary of DeepOcean Group Holding BV (DeepOcean), has completed ground breaking 3D laser survey offshore Ghana. The recent climate in the oil & gas industry has sharpened the nee...
Workers Launch Strike at CNR's Ivory Coast Fields
Ivory Coast (Cote D'Ivoire) >> 2/8/2017 - Workers at Canadian Natural Resources' (CNR) Baobab and Espoir oil and gas fields in Ivory Coast launched a 72-hour strike early over employment conditions, the head of their union said. "There's no g...
Eni Backs CEO after Prosecutors Ask for Trial over Nigeria
Nigeria >> 2/8/2017 - Italian oil major Eni has backed CEO Claudio Descalzi after sources said prosecutors had asked for him to be sent to trial over alleged corruption in Nigeria. "The Board of Directors confirms its tota...
NAPEC 2017 Signals Optimism within the Oil and Gas Industry in North Africa
Algeria >> 2/7/2017 - The 7th North Africa Petroleum Exhibition & Conferences (NAPEC) to be held from 21-24 March, 2017 in Oran, Algeria, is set to focus on strengthening operational excellence and increasing productivity ...
TE-8 Rig Mobilisation
Morocco >> 2/7/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to confirm that ground works at the Tendrara TE-8 well site, onshore Morocco, are now complete and that the National 110...
BW Offshore Farms into Kudu Field, Offshore Namibia
Namibia >> 2/7/2017 - BW Kudu Limited (a wholly owned subsidiary of BW Offshore) has entered into a Farm-Out Agreement for a 56% stake of the Kudu license offshore Namibia. National Petroleum Corporation of Namibia (NAMCOR...
DOF Awarded New Contracts in Egypt
DOF Awarded New Contracts in Egypt Egypt >> 2/6/2017 - DOF has been awarded two contracts with a large international contractor in Egypt for the vessels Skandi Saigon and Skandi Sotra. Both contracts have a duration of 75 days firm + 30 days options with ...
Qatar Petroleum Seeks International Projects in Cyprus, Morocco
Morocco >> 2/6/2017 - Qatar Petroleum (QP) is exploring oil and gas in Morocco and Cyprus as it aims to expand its liquefied natural gas (LNG) assets abroad while trimming costs at home, chief executive Saad al-Kaabi said ...
Enel Brings Two New South African PV Plants into Operation
South Africa >> 2/6/2017 - Enel, through its renewable energy subsidiary Enel Green Power RSA (EGP RSA), has brought the 82.5 MW Adams and Pulida solar PV plants, which are respectively located in South Africa’s Northern Cape a...
Ntorya-2 Successfully Drilled with Result Ahead of Expectations
Tanzania >> 2/6/2017 - Aminex is pleased to announce that the Ntorya-2 appraisal well has been successfully drilled to a depth of approximately 2,750 metres. At 2,596 metres drilling depth the well encountered a gross gas b...
Angola's Dos Santos Calls End to 38 Years in Power
Angola >> 2/3/2017 - Angolan President Jose Eduardo dos Santos confirmed he will not run in this year's presidential election, calling an end to 38 years as head of state, but he will retain control of the powerful ruling...
John Agyekum Kufuor FPSO Vessel to Set Sail to OCTP Block
Ghana >> 2/3/2017 - Eni announces that the naming ceremony of the “John Agyekum Kufuor” floating production, storage and offloading (FPSO) vessel was held today in Singapore. The FPSO shall operate in Sankofa-Gye Nyame f...
SDX Energy Provides Operational Updates
SDX Energy Provides Operational Updates Egypt >> 2/2/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to provide an operational update ahead of the forthcoming drilling campaign at South Disouq, as well as an update on activity ...
Egypt Explores for Natural Gas With Eye on Exports by 2019
Egypt Explores for Natural Gas With Eye on Exports by 2019 Egypt >> 2/2/2017 - Egypt may announce new discoveries of natural gas by the second half of this year, Oil Minister Tarek El Molla said, bringing it closer to its goal of self-sufficiency by 2019. ...
West African Push to Clean Up Toxic Fuel Hits Snags
Nigeria >> 2/2/2017 - A West African drive to clean up toxic fuels that campaigners say pose a health hazard to millions has run into difficulties less than two months after it was announced, according to importers, trader...
Siemens Overdelivers on Promise in Egypt Megaproject
Siemens Overdelivers on Promise in Egypt Megaproject Egypt >> 1/31/2017 - In June 2015, Siemens was awarded its single biggest order ever for the expansion of the Egyptian power supply. Now, only 18 months after the signing of the contract, Siemens has set a new worldwide b...
Kenyan Slum Seeks to Turn Sewage into Gold with Recycling Plant
Kenya >> 1/31/2017 - Abdullahi Ibrahim’s dream to set up a fruit-juice business has so far been thwarted by water scarcity in Kenya’s biggest slum, Kibera. But the 19-year-old is confident a reliable water supply - which ...
Eland Oil & Gas Recommences Production at Opuama Field
Nigeria >> 1/31/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, has finalised the implementation of crude export from Opuama Field thro...

Asia Oil & Gas News

NISOC Signed MOU with Iranian Company
Iran >> 12/2/2017 - A memorandum of understanding between National Iranian South Oilfields Company and Toseh Energy Naft Novin Afagh Kish Company, according to new model of contracts was signed in Ahvaz. ...
Geological Structures Uncovered in the South China Sea with Significant Implications
China >> 2/20/2017 - Australian geoscience company Frogtech Geoscience has released a comprehensive new basement-focused study of the hydrocarbon-rich South China Sea and Gulf of Thailand; a geologically complex region. ...
Iran Sees Oil Output Reaching 4 mln bpd by April 2017
Iran >> 2/20/2017 - Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official sai...
Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province
Iran >> 2/20/2017 - Iran has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production. ...
Petronas Considers $1 Billion Stake Sale in Offshore Gas Project
Malaysia >> 2/20/2017 - Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs...
Supreme Court of Yukon Approves ExxonMobil's Acquisition of InterOil
Papua-New Guinea >> 2/20/2017 - InterOil Corporation announced that the Supreme Court of Yukon has granted a final order approving the arrangement between InterOil and Exxon Mobil Corporation (ExxonMobil). The arrangement was approv...
KCA Deutag Secures Platform Drilling Contract with Sakhalin Energy
Russia >> 2/20/2017 - Leading global drilling and engineering contractor, KCA Deutag, has been awarded a contract extension by Sakhalin Energy Investment Company for platform drilling services on its three platforms offsho...
Belarus Purchases 1st Ever Iranian Oil Cargo
Iran >> 2/19/2017 - Belaruss BelOil Polska had purchased 600,000 barrels of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February, the countrys first purchase of Iranian crude...
Iran Finds 2 Billion Barrels Shale Oil Reserves in Western Province
Iran >> 2/19/2017 - Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on S...
Total Exploring Deeper Exploration Target at Antelope-7
Papua-New Guinea >> 2/19/2017 - InterOil Corporation announced that according to information provided by Total E&P PNG Limited (Total), the operator of Petroleum Retention License 15 (PRL15) in the Gulf Province of Papua New Guinea,...
Lotos Seeking Long-term Iran Oil Supply Deal
Iran >> 2/18/2017 - Polands second-biggest refiner Lotos is eying for sealing a long-term oil supply deal with Iran. Lotos Chief Executive Officer Marcin Jastrzebski stated that the deal could be signed with Iran after ...
The Second Graduation of BP & Co-Venturers-Sponsored Technicians Training
Azerbaijan >> 2/17/2017 - BP and its co-venturers in the joint ventures that it operates today celebrated the second graduation of BP and co-venturers-sponsored technicians training. 47 graduates today received their certifica...
Iran Eyes 3mbd Refining Capacity by 2021
Iran >> 2/17/2017 - Iranian Minister of Petroleum Bijan Zangeneh says Irans hydrocarbon refining capacity will cross 3 million barrels per day by the end of the 6th five-year development plan to 2021. ...
Gazprom & Linde Hold Third Meeting of Joint Coordinating Committee
Russia >> 2/17/2017 - The third meeting of the Joint Coordinating Committee (JCC) of Gazprom and Linde took place in Munich. The meeting was moderated by JCC co-chairmen Vitaly Markelov, Deputy Chairman of the Gazprom Mana...
Gazprom’s Exports to Germany Add 37% Between February 1 and 15
Russia >> 2/17/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Brigitte Zypries, Germany’s Federal Minister for Economic Affairs and Energy, took place in Berlin. ...
GE Ventures & Samsung Electro-Mechanics Announce Global Microelectronics Packaging Patent Agreement
South Korea >> 2/17/2017 - GE Ventures and Samsung Electro-Mechanics (SEMCO), a world leader in electronic components, announced a multi-year, worldwide patent license agreement. With this partnership, SEMCO will license GE mic...
Working Meeting Held Between Wang Yilin & Alexey Miller
China >> 2/16/2017 - CNPC Chairman Wang Yilin had a meeting with Alexey Miller, Chairman of the Gazprom Management Committee, at CNPC’s headquarters in Beijing. The two parties compared notes on strengthening bilateral co...
Flowserve Awarded Significant Contract to Supply Pumping Equipment
China >> 2/16/2017 - Flowserve Corporation (FLS), a leading provider of flow control products and services for global infrastructure markets, announced an order close to $80 million to provide pumps and ebulators for the ...
KBR Awarded Ammonia Plant Revamp Contract
KBR Awarded Ammonia Plant Revamp Contract India >> 2/16/2017 - KBR, Inc. has been awarded a contract by Mangalore Chemicals and Fertilizers Ltd (MCF) for revamping its ammonia plant at Panambur, Mangalore in India. Under the terms of the contract, KBR will provid...
Tehran & Stockholm Ready for Energy Optimization Cooperation
Iran >> 2/16/2017 - Iran would welcome cooperation with Swedish companies in projects concerning optimization of energy consumption and reduction of greenhouse emissions, Iranian Minister of Petroleum Bijan Zangeneh said...
Gazprom Neft Implementing Advanced Process Control Systems at Moscow Refinery
Russia >> 2/16/2017 - An advanced process control (APC) system is currently being implemented at the Gazprom Neft Moscow Refinery, directed at increasing effectiveness and optimising the operation of the plant’s production...
ExxonMobil Singapore Refinery to Expand Group II Base Stock Production
Singapore >> 2/16/2017 - ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products and e...
CATOFIN Technology Award for Petrochemical Plant in China
China >> 2/15/2017 - CB&I (CBI) has been awarded a contract by Dongguan Grand Resource Science & Technology Co. Ltd. for the license and engineering design of a grassroots propane dehydrogenation unit to be built in Dongg...
India Awards 31 Oil and Gas Blocks
India >> 2/15/2017 - India has approved the award of operating licences for 31 small oil and gas fields, Finance Minister Arun Jaitley told reporters on Wednesday. The world's third biggest oil consumer had received bids ...
Geothermal Funding to Support Development in Eastern Indonesia
Indonesia >> 2/15/2017 - The World Bank last week approved $55.25 million in funding to support the Geothermal Energy Upstream Development Project in Indonesia, which aims to facilitate investment in geothermal power generati...
OPEC Data Confirm Irans Oil Output within Limits
Iran >> 2/15/2017 - Irans crude oil production rose by 50,200 barrels per day in January over the previous month, reaching 3.75 million bpd, OPEC said in its monthly report on Monday, citing secondary sources, Financial ...
Iran Proven Hydrocarbon Reserves more 30 Billion Barrels than 2011 Estimates
Iran >> 2/15/2017 - Iran says its proven in-place oil and gas reserves are higher by 30 billion barrels and 128 trillion cubic feet, respectively, than 2011 estimates. Director of Exploration at the National Iranian Oil ...
Grant of PPL 338 Extension & Award of New Licence PPL 581
Papua-New Guinea >> 2/15/2017 - Kina Petroleum Limited is pleased to provide an update in relation to its foreland exploration activities. Kina confirms that the PPL 338 licence has been extended for a further 5 years and that it ha...
Gazprom Capital LLC Places First Exchange-Traded Bonds
Russia >> 2/15/2017 - Gazprom capital LLC, a subsidiary of Gazprom, successfully placed two debut issues of exchange-traded bonds of the BO-5 and BO-6 series at the Moscow Exchange today. The bonds are worth a total of RUB...
Rosneft Reviewed the Results of DeGolyer & MacNaughton's Independent Audit of Hydrocarbon Reserves
Russia >> 2/15/2017 - According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification Rosneft proven hydrocarbon reser...
Gazprom & CNPC Broadening Strategic Cooperation in Energy Sector
Russia >> 2/15/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Zhang Gaoli, Vice Premier of the State Council of the People’s Republic of China, took place today in Beijing...
SOCAR & IBM Sign Memorandum on Strategic Cooperation
Russia >> 2/15/2017 - A Memorandum on Strategic Cooperation was signed with US IBM at the headquarters of SOCAR. The memorandum was signed by SOCAR President Rovnag Abdullayev and Senior Vice President of IBM and the chair...
Gazprom Neft Developing Oil-Production Technologies for Gas Cap Drive Reservoirs
Russia >> 2/15/2017 - As part of its ongoing “Technology Strategy”, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap. Implementation of the projec...
Ezra Faces Court Application to Wind up Unit of Subsea JV
Singapore >> 2/15/2017 - Debt-laden Singaporean oilfield services firm Ezra Holdings Ltd said late on Tuesday that a creditor of a business owned by an Ezra joint venture had filed a court application requesting that the JV's...
Training on EBSCO Services Held at BHOS
Azerbaijan >> 2/14/2017 - Baku Higher Oil School (BHOS) hosted scheduled training session entitled “EBSCO Discovery Service (EDS): Scholarly Searching for Research and Education”.Regional Manager for CIS Countries of EBSCO Inf...
Honeywell Technology & Controls Selected for Largest Petrochemical Project in China
China >> 2/14/2017 - Honeywell (HON) announced that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP, the world’s leading licensor of refining and petrochemical process techn...
Iran Explored 30 bln Barrels of Oil
Iran >> 2/14/2017 - Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) stated. ...
Loading Last Platform of Phase 19 from Khorramshahr Industrial Yards
Iran >> 2/14/2017 - Loading operation of 1640-ton platform 19B with a production capacity of 14.2 million cubic meters of sour gas from south pars field was done in Khorramshahr industrial yard. According to public relat...
NIOC & BIV Ink MoU on Iran Fields Study
Iran >> 2/14/2017 - The National Iranian Oil Company (NIOC) and Malaysias Bukhary International Ventures (BIV) have signed a memorandum of understanding (MoU) for carrying out studies over Irans Golshan and Ferdowsi fiel...
Gazprom & Linde Expanding Cooperation in Oil and Gas Sector
Russia >> 2/14/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Aldo Belloni, Chief Executive Officer of Linde, took place at the Gazprom headquarters. ...

Global Oil & Gas News

Senex Sanctions $50m Investment in Western Surat Gas Project
Australia >> 2/21/2017 - Senex Energy Limited (Senex) has sanctioned its first major investment in the Western Surat Gas Project, committing $50 million to a 30 well drilling campaign, with gas production of around 10 TJ/day ...
Chevron Awarded Exploration Permit off Western Australia
Australia >> 2/20/2017 - Chevron has paid $3 million for a cash bid permit to secure the right to explore an area off the Western Australian coast for the next six years. The award was made as part of the Australian Governmen...
Questerre Closes $24 Million Private Placement
Canada >> 2/17/2017 - Questerre Energy Corporation (Questerre) has closed its previously reported private placement of 30.8 million Common Shares at NOK 5.00 or C$0.79 per Common Share for gross proceeds of NOK 154 million...
Enquest Reports Kraken FPSO in the Field & Hooked Up
United Kingdom >> 2/17/2017 - The Kraken Floating Production Storage and Offloading (FPSO) vessel arrived at the field on Monday 13 February, anticipating good weather conditions. The hook up of the Submerged Turret Production (ST...
Geoex Extends Offer Period to Acquire Shares in MCG
United Kingdom >> 2/17/2017 - References are made to Geoex Ltd's (Geoex) voluntary cash offer (the "Offer") for all outstanding shares of MultiClient Geophysical ASA ("MCG" or the "Company") made on 19 January 2017, the Offer Docu...
BP Weighing Upgrade of US Wind Turbines
United States >> 2/17/2017 - BP Plc is weighing plans to update as many as 200 of its U.S. wind turbines with newer, higher-capacity equipment, a move that would represent the company’s biggest investment in renewable energy sinc...
Rosneft Starts Drilling the First Exploration Well at the Solimoes Project
Brazil >> 2/16/2017 - Rosneft Brasil (100% owned Rosneft subsidiary) started the drilling of the first exploration well in the Solimoes Basin. Rosneft is commencing the next phase of the exploration program in the Amazon r...
Fluor Awarded Contract for Woodfibre LNG Project in Canada
Fluor Awarded Contract for Woodfibre LNG Project in Canada Canada >> 2/16/2017 - Fluor Corporation has signed an agreement with JGC America, Inc. (JGC) to provide construction-related support to the front-end engineering and design (FEED) services for the Woodfibre Liquefied Natur...
Secured Term Financing Facility of up to £4 million
United Kingdom >> 2/16/2017 - Gulfsands Petroleum plc, the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, is pleased to announce that it has finalised a Secured Term Facility of up to £4 million (the ...
Placement of Equity and TVR
United Kingdom >> 2/16/2017 - The Directors of Solo Oil plc are pleased to announce that the Company has raised £2,000,000 (before expenses) through a Company sponsored placing (the "Placing") of 400,000,000 new ordinary shares of...
Fugro Announces Partnership with Shell Ocean Discovery Xprize
United States >> 2/16/2017 - The competition incentivises development of rapid, unmanned and high resolution ocean mapping technologies and the partnership supports the first round of testing. Fugro’s role is to provide high reso...
ExxonMobil Sets Record in High Performance O&G Reservoir Computing
United States >> 2/16/2017 - ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of proce...
Origin Energy Reports Beetaloo Basin Drilling Results Indicate Material Gas Resource
Australia >> 2/15/2017 - Exploration in the Northern Territory’s Beetaloo Basin has progressed, with the fourth of five Stage 1 wells spudded. This follows the completion of extended production testing at the Amungee NW-1H ex...
Wintershall Selects Development Solution for Skarfjell
Norway >> 2/15/2017 - Wintershall and its license partners Capricorn, Bayerngas, Edison and DEA have selected a development solution for the Skarfjell field in the Norwegian North Sea. Under the proposed solution, the rese...
Atlas Copco Awards Recognize Innovative Breaker & Compressor Monitoring Technology
Sweden >> 2/15/2017 - Atlas Copco’s most prestigious awards this year recognize the development of a highly energy-efficient and ergonomic breaker, and a compressor monitoring technology that is generating significant savi...
MX Oil Announces Placing to Raise £5 million
United Kingdom >> 2/15/2017 - MX Oil, the AIM quoted oil and gas investing company, announces its intention to undertake a placing to raise approximately £5,000,000 (before expenses) through the issue of new ordinary shares in the...
TGS Announces Comprehensive Well Database Available for the Permian Basin
United States >> 2/15/2017 - TGS, the leading provider of global geoscientific data products and services, announces the immediate availability of the E&P industry's most comprehensive well database in the Permian Basin. ...
TechnipFMC Awards Contract to DOF to Support Shell's Prelude FLNG Project
Australia >> 2/14/2017 - DOF Subsea Australia has been awarded a contract by Technip Oceania, part of TechnipFMC in Australia, for the provision of Multipurpose Support Vessel (MSV) 'Geoholm' for the Prelude FLNG project, ope...
Alstom & The CoSMo Company to Develop a New Rail System Efficiency Application
France >> 2/14/2017 - Alstom, a global leader in rail transportation and The CoSMo Company, a global technology company specialized in decision management, announce a strategic partnership to develop a new application to i...
NZOG Sells Tui Area Interest to Tamarind
New Zealand >> 2/14/2017 - New Zealand Oil & Gas has accepted Tamarind’s offer for its 27.5 per cent interest in the Tui area oil fields off Taranaki, New Zealand. Tamarind, based in Kuala Lumpur, Malaysia, will pay New Zealand...
Prosep Awarded Contract For Statoil’s Troll B ZMP Project
Norway >> 2/14/2017 - ProSep, the industry-leading technology and service provider for integrated process solutions, announced today it will supply one (1) ProDry™ unit to Statoil for the Troll B ZMP Project. ProSep’s proj...
Amec Foster Wheeler Wins FEED Contract for Uranium Project in Spain
Spain >> 2/14/2017 - Amec Foster Wheeler announces it has been awarded a Front End Engineering Design (FEED) contract by Berkeley Energia for its uranium processing plant at its Salamanca Project, in western Spain. The sc...
ABB Strengthens Digital Offering by Acquiring Leading Pioneer in 3D Inspection Technology
Switzerland >> 2/14/2017 - ABB has acquired the Spanish start-up company NUB3D, a leading innovator of digital, 3D inspection and quality-control solutions. The acquisition expands the group’s portfolio of ABB Ability™ solution...
Thames Water Utilities Awards Contract to Jacobs
United Kingdom >> 2/14/2017 - Jacobs Engineering Group Inc. (NYSE:JEC) has been selected by Thames Water Utilities Limited in the United Kingdom to provide engineering and environmental consultancy services for the remainder of it...
Venezuela Signed 8 Oil Cooperation Agreements With China
Venezuela >> 2/14/2017 - Petroleos de Venezuela, S.A. (PDVSA) ratified its cooperation with the People's Republic of China in 8 agreements as part of the XV China-Venezuela Joint High Level Commission held in the Jose Felix R...
Malaysia's Petronas May Consider Relocating Canada LNG Project
Canada >> 2/13/2017 - Malaysia's state-owned oil firm Petroliam Nasional Bhd may consider relocating its Canadian liquefied natural gas (LNG) export terminal project, state news agency Bernama said on Monday quoting Chairm...
Rosneft Boosted its Throughput at German Refineries & Increased Crude Oil Deliveries
Germany >> 2/13/2017 - Rosneft Deutschland GmbH (a Rosneft subsidiary) started operating business in Germany, key European market for refined products. Rosneft boosted its throughput at refineries in Germany to 12.7 mmt in ...
Statoil Awards Contracts for ERRV for NOK 2.7 Billion
Statoil Awards Contracts for ERRV for NOK 2.7 Billion Norway >> 2/13/2017 - Statoil awards Simon Mokster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The contacts have a total value, included options, of N...
Oil Discovery in Filicudi Prospect in Southern Barents Sea
Norway >> 2/13/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made an oil and gas discovery in the main well 7219/12-1 and is pres...
Lundin Petroleum Proposes Spin-Off of its Non-Norwegian Producing Assets
Norway >> 2/13/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its Board of Directors has proposed to spin-off its assets in Malaysia, France and the Netherlands (the “IPC Assets”) into a newly fo...
Operational Update in Trinidad
Trinidad and Tobago >> 2/13/2017 - LGO confirms that final approval was granted by the Forestry Department, to cut trees in order to clear the well sites for the impending two shallow infill wells at the Goudron Field (Field) in easter...
Tlou Energy Limited Issues Performance Rights
Australia >> 2/10/2017 - At the Company’s Annual General Meeting (AGM) on 10 November 2016, shareholder approval was granted for the issue of Performance Rights to the Directors of the Company. Tlou’s Directors have now been ...
Wartsila Joins Seabin Project in the Battle Against Ocean Plastics
Finland >> 2/10/2017 - The Finnish technology group Wartsila has signed an agreement with the Seabin Project to join their global pilot programme, which addresses the worldwide littering problem affecting our oceans. The pr...
Polarcus Agrees Terms for 5 1/2 Year Bareboat Charter
Norway >> 2/9/2017 - Polarcus Limited (Polarcus) is pleased to announce that one of its Norwegian subsidiaries has entered into a heads of agreement with SCF GEO AS (Sovcomflot), to charter a vessel on bareboat terms with...
First Electricity Delivered from Dudgeon Offshore Wind Farm
Norway >> 2/9/2017 - Up to 6,000 homes in UK are now receiving electricity from the first producing wind turbine on Dudgeon Offshore Wind Farm. When fully operational later in 2017 the offshore wind farm will provide elec...
LGO to Apply for New Production Concession for Ayoluengo Field
Spain >> 2/9/2017 - LGO provides an update on the Ayoluengo Field in northern Spain which was previously operated by its wholly owned subsidiary Compan?a Petrol?fera de Sedano, S.L.U. (CPS) until the termination of La Lo...
Sparrows to Supply 103 Cranes for the East Anglia Wind Farm
United Kingdom >> 2/9/2017 - Aberdeen-based Sparrows Group has signed a contract to supply 103 cranes for installation at ScottishPower Renewables’ 714 megawatt East Anglia ONE offshore wind farm. Located off the coast of Suffolk...
First Electricity Delivered from Statoil's Dudgeon Wind Farm
United Kingdom >> 2/9/2017 - Up to 6,000 homes in UK are now receiving electricity from the first producing wind turbine on Dudgeon Offshore Wind Farm. When fully operational later in 2017 the offshore wind farm will provide elec...
CGG Delivers Final Pre-STM Data for Hobo Multi-Client Survey
United States >> 2/9/2017 - CGG announced that the final processed time volumes (Orthorhombic Kirchhoff PreSTM) from its recent Hobo 3D multi-client survey in the highly prospective Midland Basin are now available for license. <...
EQT to Acquire 53,400 Core Marcellus Acres for $527 Million
United States >> 2/9/2017 - EQT Corporation announced that EQT, through its subsidiary EQT Production Company, has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acre...

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