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Middle East Oil & Gas News

India Hopes to Complete Oil Storage Talks with UAE
United Arab Emirates >> 1/24/2017 - India hopes to conclude negotiations with the United Arab Emirates to fill its strategic oil reserves at Mangalore, in southern India, a foreign ministry official said. ...
Iraq Plans to Triple Gas Liquids Exports from Southern Oilfields
Iraq >> 1/23/2017 - Iraq expects to more than triple exports of liquefied petroleum gas, and to double exports of gas condensates in 2017 as it collects more of these fuels at its southern oilfields, the head of the stat...
DNO Reports Payment for Tawke Deliveries
Iraq >> 1/23/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 38.89 million from the Kurdistan Regional Government as payment towards October 2016 crude oil deliveries to the export marke...
Saudi Aramco Operating 220 Rigs, Says Energy Minister
Saudi Arabia >> 1/22/2017 - Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices, Saudi Arabia's energy minister told Sky News Arabia in a progra...
Shell to Sell Stake in Sadaf Chemicals Joint Venture in Saudi Arabia to Sabic
Saudi Arabia >> 1/22/2017 - Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. ...
Halliburton Awarded Drilling Contract from Shell
Iraq >> 1/20/2017 - Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell's Majnoon Oil Field in Southern Iraq. Under the contract Hallibur...
Saudi Aramco to Boost Gas Production at Hawiyah, Haradh
Saudi Arabia >> 1/20/2017 - Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said. ...
Coreworx Interface Management Implemented on $3.6B Petrochemical Project in Oman
Oman >> 1/19/2017 - Coreworx announced that its interface management solution was selected and implemented on a $3.6 Billion dollar (US) petrochemical complex project in Oman. The five year project involves 4 major inter...
Saudi's SABIC Q4 Net Profit Jumps 48 percent, First Rise in 10 Quarters
Saudi Arabia >> 1/19/2017 - Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported that its quarterly profit rose from a year earlier for the first time in ten quarters. ...
Polarcus Secures Multi-Year XArray Contract Award
United Arab Emirates >> 1/19/2017 - Polarcus Limited has received a letter of award from TGS-NOPEC Geophysical Company ASA (TGS) for acquiring 30,000 sq.km. of 3D multi-client data in Europe. Approximately 20,000 sq.km. will be acquired...
Iraq Offers Nasiriya Refinery for Investment
Iraq >> 1/18/2017 - According to the approval of the minister of oil. The ministry of oil would like to offer the Nasiriya refinery "with a capacity of 300 thousand barrels / day" to be invested according to the form BOO...
Gazprom Neft Completes The Electricity Network around Badra Field
Iraq >> 1/18/2017 - Gazprom Neft, operator of the Badra field, Iraq, has completed its modernisation of power networks in surrounding districts, with Gazpromneft-Badra, a subsidiary of Gazprom Neft, having been construc...
PDO Invites Firms to Unlock Potential of Habhab Heavy Oilfield
Oman >> 1/18/2017 - Majority state-owned Petroleum Development Oman (PDO) is looking to partner with international oil and gas companies in harnessing the prodigious hydrocarbon potential of its Habhab oilfield – a large...
Proserv Secures New Contracts in Saudi Arabia & India
Saudi Arabia >> 1/18/2017 - Proserv has secured contracts valued at more than $12 million so far this year and has revealed plans for further international growth with new bases in Saudi Arabia and India. ...
Japan Extends UAE Crude Storage Deal through 2019
United Arab Emirates >> 1/18/2017 - Japan has agreed to allow the Abu Dhabi National Oil Co (ADNOC) to store crude oil in the country for two more years, giving the nation's second-largest supplier continued access to a depot through 20...
Leviathan Partners Look to Sell 14.8 bcm of Gas to Israel's Edeltech
Israel >> 1/17/2017 - The partners involved in Israel's giant Leviathan natural gas field said they have entered talks to supply 14.8 billion cubic metres (bcm) of natural gas over 17 years to Edeltech, an Israeli private ...
OPEC Member Countries Economy - December 2016
OPEC Member Countries Economy - December 2016 Saudi Arabia >> 1/17/2017 - The economy of Saudi Arabia expanded 1.4% y-o-y in 2Q16 with the gross value added in the oil sector growing 1.6% y-o-y and in the non-oil sector rising 0.4% y-o-y, according to the Saudi General Auth...
Saudi Aramco to Continue Building Oil, Gas Capacity to Meet Demand
Saudi Arabia >> 1/17/2017 - Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. ...
Saipem Awarded $240M in Drilling Contracts
Saudi Arabia >> 1/17/2017 - Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million. ...
Cape Awarded Insulation Work Packages for Jazan Project
Saudi Arabia >> 1/17/2017 - Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces that Cape RB Hilton has been awarded three substantial insulat...
ABB Delivers E-House to UAE Offshore Oilfield
United Arab Emirates >> 1/17/2017 - ABB has shipped the first batch of nine electrical houses (E-Houses) to enable reliable power supply to offshore oil field in the UAE. ...
Iraq is Keen to Succeed the Agreement of OPEC to Cut Production
Iraq >> 1/16/2017 - The work sheet which was presented by Mr. Jabbar A. Allibi the minister of oil during the annual energy forum in Abu-Dhabi, took a considerable attention by the economic entities and the concerned aut...
One-Stop-Shop for New Mining Licenses in Oman
Oman >> 1/16/2017 - Oman’s Public Authority for Mining (PAM) is formulating a new mining exploration and development strategy, underpinned by a Single Window System for the issuance of new licenses, to help unleash the p...
Duqm Authority Signs $265M Finance Agreement with China-based Bank
Oman >> 1/16/2017 - Oman’s Special Economic Zone Authority in Duqm (Sezad) and China-based Asian Infrastructure Investment Bank (AIIB) have signed a $265 million loan agreement for funding the second phase of Duqm Port. ...
Saudi to Launch $30-50 billion Renewable Energy Program Soon
Saudi Arabia >> 1/16/2017 - Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said. ...
Yokogawa Wins Control Systems Order for UAE Power Station
United Arab Emirates >> 1/16/2017 - Yokogawa Electric Corporation announces that its subsidiary Yokogawa Middle East & Africa has received an order from the Sharjah Electricity & Water Authority (SEWA) to provide control systems for the...
ADNOC Shuts Half Capacity at Ruwais Refinery after Fire
United Arab Emirates >> 1/16/2017 - Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said. ...
Japan's Inpex to Extend Holding in Abu Dhabi Oilfields
United Arab Emirates >> 1/16/2017 - Inpex Corporation (INPEX) has agreed in principle with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu ...
Boskalis Receives LOI for $510m Duqm EPC Contract
Oman >> 1/15/2017 - Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Intent to Award a contract for the development of the port of Duqm in Oman. The contract with a value of approximately EUR 480 milli...
Saudi's SAFCO Reports 25% Drop in Profits
Saudi Arabia >> 1/15/2017 - Saudi Arabia Fertilizers Co (SAFCO) beat analyst forecasts but extended its earnings slump, reporting a 25 percent decline in fourth-quarter net profit. ...
Saudi Aramco Extends SNC-Lavalin's GES+ Contract
Saudi Arabia >> 1/12/2017 - SNC-Lavalin Fayez Engineering (SLFE), an engineering consultancy partnership between SNC-Lavalin and Dr. Zuhair Fayez, has been awarded a five-year extension to its existing General Engineering Servic...
Iraq Extinguished of Well No.66 in Kayara Oil Field
Iraq >> 1/11/2017 - Mr. Assim Jihad the spokesman of the ministry of oil declared that the technical & engineering staff of the north oil company (NOC) and the supporting authorities of the civil defense and the military...
Iraq Invites Sonangol Company to Resume Work at Retaken Oil Fields
Iraq >> 1/11/2017 - Mr. Jabbar A. Allibi the minister of oil invited Sonangol Angolan Company to resume their work in developing Kayara & Najma oil fields in Nineveh governorate. ...
Iraq Relations with Turkey Will Be Developed Positively
Iraq >> 1/11/2017 - Mr. Jabbar A. Allibi the minster of oil expected a fast development in the bilateral relations between Iraq and Turkey during the next period in the oil & energy sector. ...
Technology Innovations & Industry Developments Will Be the Focus of ME-TECH 2017
United Arab Emirates >> 1/11/2017 - The 7th edition of ME-TECH – Middle East Technology Forum for Refining & Petrochemicals, which will be held in Dubai this coming February, will have a strong focus on the latest Technology Innovations...
Iraq Plans Record February Basra Oil Exports Despite OPEC Cut in Force
Iraq >> 1/10/2017 - Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. ...
Oryx Petroleum Announces Update on Operations
Iraq >> 1/10/2017 - Oryx Petroleum Corporation Limited announces an update on its operations. In December 2016, the Zey Gawra-1 well was side-tracked (referred to in this press release as the “Zey Gawra-1ST well”) and co...
Plexus Wins Equipment Order for Block 50 Well
Oman >> 1/10/2017 - Scottish firm Plexus Holdings has announced that a new contract will see its innovative oilfield technology used for a second exploration well in Block 50 offshore Oman. ...
Wood Group Secures Multi-million dollar Agreement with Aramco
Wood Group Secures Multi-million dollar Agreement with Aramco Saudi Arabia >> 1/10/2017 - Wood Group has secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services to Saudi Aramco’s onshore capital programmes in the King...
Dragon Oil Company Appoints New CEO
United Arab Emirates >> 1/10/2017 - The board of Dragon Oil, a subsidiary of Dubai government owned by the ENOC Group, has appointed Saif Humaid Al Falasi as the new Chief Executive Officer with immediate effect. Al Falasi takes over fr...

Africa Oil & Gas News

CIEHC-3, 3rd Congo International Hydrocarbons Conference & Exhibition
Congo >> 1/24/2017 - CIEHC-3, the Republic of Congo’s Third International Hydrocarbons Conference & Exhibition will take place from 24 – 26 April 2017 in Brazzaville, Republic of Congo and will be organised by the Ministr...
West Africa’s Largest Mining Event Returns in May 2017
Guinea >> 1/24/2017 - Mining is the most important sector in the economy of the Republic of Guinea, however, the industry has suffered some major setbacks, notably with the strike of the Ebola epidemic which stalled promis...
Savannah Completes 3D Seismic Acquisition in R3 Licence
Niger >> 1/24/2017 - Savannah Petroleum PLC (Savannah) is pleased to announce the completion of 3D seismic acquisition over a c.800km2 portion of the R3 license area, approximately two weeks ahead of schedule and on budg...
North Africa’s Oil & Gas Industry Leaders Set to Converge at Oran, Algeria for NAPEC 2017
Algeria >> 1/23/2017 - Oil and gas industry leaders from across the world are set to converge on Oran, Algeria, for the 7thNorth Africa Petroleum Exhibition & Conferences (NAPEC) to be held from 21-24 March, 2017. The regio...
Equatorial Guinea Applies to Join OPEC
Equatorial Guinea >> 1/23/2017 - Equatorial Guinea has now applied to join the Organization of the Petroleum Exporting Countries, an OPEC source familiar with the matter said, which would bring the oil producer group's membership to ...
Eni & Nigerian Government Strengthen Cooperation in Energy Sector
Nigeria >> 1/23/2017 - The Minister of State for Petroleum Resources and Chairman of the Board of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu and the CEO of Eni, Claudio Descalzi, met in Ro...
Cairn Energy Spuds SNE-5 Appraisal Well, Offshore Senegal
Senegal >> 1/23/2017 - Drilling of the SNE-5 appraisal well, offshore Senegal, began on Saturday 21 January. SNE-5, and the following well SNE-6 will be drilled by the drill ship Stena DrillMAX and will evaluate the upper S...
Rig Contractor to Fund Drilling Costs for Multi-Well Program
Gabon >> 1/19/2017 - Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal o...
Proposed Acquisition of OGIF's Interests in Eastern Morocco
Morocco >> 1/19/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce the signature, following the successful extended well test, of non-binding heads of agreement for the acquis...
Successful TE-7 Extended Well Test
Morocco >> 1/19/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to confirm a successful extended well test at TE-7, the Company's second well at the Tendrara licence (onshore Morocco)....
ERHC Energy Signs MoU with Starcrest Energy Nigeria
Nigeria >> 1/19/2017 - ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced the signing of a Memorandum of Understanding (MOU) with Starcrest Nigeria Energy Limited. ...
North Africa’s Oil & Gas Industry Leaders Set to Converge at Oran, Algeria for NAPEC 2017
Algeria >> 1/18/2017 - Oil and gas industry leaders from across the world are set to converge on Oran, Algeria, for the 7th North Africa Petroleum Exhibition & Conferences (NAPEC) to be held from 21-24 March, 2017. The regi...
Angola's LNG Plant Launches Tender to Sell Late Jan Shipment
Angola >> 1/18/2017 - Angola's liquefied natural gas (LNG) export plant has launched a tender to sell one shipment loading on Jan. 21-23, trade sources said. A cargo put up for sale by Angola LNG which loaded last week was...
Rolls-Royce to Pay More Than $800m to Settle Bribery Charges
Angola >> 1/17/2017 - Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK ...
EGPC Signs 2 New Upstream Agreements
EGPC Signs 2 New Upstream Agreements Egypt >> 1/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed 2 new petroleum agreements for the Egyptian General Petroleum Corporation (EGPC) and Sahara Oil Company for oil and gas explorat...
Tullow Oil Announces Erut-1 Oil Discovery in Kenya
Kenya >> 1/17/2017 - Tullow Oil plc (Tullow) is pleased to announce that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metre...
UKEF Supports GE Oil & Gas Contract with $400 Million
Ghana >> 1/16/2017 - UK Export Finance (UKEF) has announced that it will provide US$400 million in support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points Project. ...
Talks with Dana Gas’s Technical Director & General Managers
Talks with Dana Gas’s Technical Director & General Managers Egypt >> 1/15/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Iman Hill, Technical Director & GM Dana Gas UAE accompanied by Michael Horst Pyszka General Manager Dana Gas Egypt in the pres...
Libya's oil production up to 750,000 bpd
Libya >> 1/14/2017 - Libya's oil production is up to 750,000 barrels per day (bpd), the deputy leader of the U.N.-backed government said on Friday, a rise of about 50,000 bpd from last week. A two-year blockade on pipelin...
Nigeria's NNPC Partners with Schlumberger for Exploration
Nigeria >> 1/13/2017 - Nigeria's state oil company said it will partner with oilfield services company Schlumberger in exploration and reservoir management. The partnership aims to find commercial hydrocarbon deposits in th...
NNPC Proposes Changes to Increase Deepwater Oil Revenues
Nigeria >> 1/13/2017 - Nigeria's state oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production. OPEC member Nigeria has been hit hard...
Shell Oil Workers in Gabon Begin 'Unlimited' Strike
Gabon >> 1/12/2017 - Royal Dutch Shell workers in Gabon began an "unlimited" strike on Thursday at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees...
Iraq to Provide Egypt with First Petroleum Shipment in Days
Iraq to Provide Egypt with First Petroleum Shipment in Days Egypt >> 1/11/2017 - Iraq's Ambassador to Cairo Habib El-Sadr has said his country to provide Egypt with the first petroleum shipment from Al-Basra Oil Terminal within days, according to a recent agreement signed between ...
Ivory Coast's Ouattara Slims Down Government in Modest Reshuffle
Ivory Coast (Cote D'Ivoire) >> 1/11/2017 - Ivory Coast President Alassane Ouattara named a new and smaller government team, with few changes to top positions, according to a statement read on state-owned television. Adama Kone and Abdourahmane...
Statement Regarding Media Speculation
Morocco >> 1/11/2017 - SDX notes the recent media speculation concerning a potential acquisition and material equity fundraising. ...
Oil Workers Go on Strike at Crude Flow Station in Niger Delta
Nigeria >> 1/11/2017 - Nigerian oil workers have gone on strike at the Oleh crude oil flow station in the Niger Delta oil hub because they have not been paid recently, a labour union official said. "The striking workers at ...
Nigeria Oil Union Suspends Three-Day Nationwide Strike after Talks
Nigeria >> 1/11/2017 - A Nigerian oil labor union has suspended a nationwide three-day strike over job losses that hit petrol stations and oil tankers, following talks with the government on Wednesday. The Nigeria Union of ...
Uganda & Tanzania Award Crude Pipeline Design Contract to US Firm
Uganda >> 1/11/2017 - Uganda and Tanzania have awarded a contract for designing a crude oil pipeline running through both east African countries to U.S. based firm Gulf Interstate Engineering, an official document seen by ...
Tlou Receives Request for Proposal for up to 100MW of CBM Power
Botswana >> 1/10/2017 - Tlou Energy Limited, an AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane (CBM) at its Lesedi CBM project, has received...
Africa Economy - December 2016
Africa Economy - December 2016 Egypt >> 1/10/2017 - The economy of Egypt grew by a robust pace in 2Q16. GDP expanded 4.5% y-o-y in 2Q16, following the 3.7% expansion in the previous quarter. While reported growth in the private sector slowed from 5.0% ...
Gabon Reshuffles Cabinet, Replaces Oil Minister
Gabon >> 1/10/2017 - OPEC-member Gabon has replaced three ministers, including the oil minister, the government said in a statement. ...
Africa's First Grid-connected Biogas Plant Powers Up
Kenya >> 1/10/2017 - A commercial farm in Kenya has become Africa’s first electricity producer powered by biogas to sell surplus electricity to the national grid, cutting the carbon emissions associated with oil-powered g...
Approval of the Farm-Out Agreement with Eni in Rabat Deep Offshore
Morocco >> 1/9/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, reports that the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) L...
Nigerian Oil Union Threatens Three-day Strike at Exxon Mobil, Chevron
Nigeria >> 1/9/2017 - A Nigerian oil labor union will stage a three-day strike at Chevron and Exxon Mobil fuel depots from Wednesday in a protest over sackings if talks with the government fail, union officials said. The N...
Aminex Provides Update on Ntorya-2 Well in Ruvuma Basin
Tanzania >> 1/9/2017 - Aminex provides the following update on the Company’s drilling activity in the Ruvuma Basin, Tanzania, where the Ntorya-2 appraisal well was spudded on 21 December 2016, with a planned total depth of ...
Tullow Agrees a Substantial Farm Down to Total for $900 Million
Uganda >> 1/9/2017 - Tullow Oil plc (Tullow) has agreed a substantial farm-down of its assets in Uganda to Total E&P Uganda B.V. (Total). A Sale and Purchase Agreement with an effective date of 1 January 2017 has been sig...
Ghana's New President to Name Investment Banker as Finance Minister
Ghana >> 1/8/2017 - Ghana President Nana Akufo-Addo is likely to name investment banker Ken Ofori-Atta as finance minister, three sources close to the presidency told Reuters. Akufo-Addo defeated incumbent president John...
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation Egypt >> 1/6/2017 - Eng. Tarek El Molla Minister of Petroleum and Mineral Resources received Dr. Stelios Nicolaides, Director, Hydrocarbons Service, Ministry of Energy, Commerce, Industry and Tourism. In the presence of ...
Pacific Drilling Wins Drillship Contract Offshore Guinea
Pacific Drilling Wins Drillship Contract Offshore Guinea Guinea >> 1/6/2017 - Hyperdynamics Corporation has accepted a proposal from its drilling contractor, Pacific Drilling, to deploy the Pacific Scirocco drillship in place of the Pacific Bora for Hyperdynamics' upcoming deep...
Nigerian Oil Labour Union Suspends Strike at Total's Fuel Depots
Nigeria >> 1/6/2017 - Nigerian oil labour union Nupeng has suspended a strike at Total's fuel depots after an agreement was reached to end a row over sackings, a union official said. On Thursday, the union said it had orde...

Asia Oil & Gas News

China Oil Trade - January 2017
China Oil Trade - January 2017 China >> 1/24/2017 - China’s crude imports increased by 1.1 mb/d, or 16%, in November to average 7.9 mb/d, compensating for the drop in crude imports it saw a month earlier. At the same time, China’s refinery throughput i...
Fluor Selected as Engineering Services Provider by NCOC in Kazakhstan
Fluor Selected as Engineering Services Provider by NCOC in Kazakhstan Kazakhstan >> 1/24/2017 - Fluor has been awarded a two-year engineering services framework agreement with North Caspian Operating Company (NCOC) for conceptual studies and front-end engineering for its projects in the Caspian ...
BP-Azerbaijan Vice President Made a Presentation at BHOS
Azerbaijan >> 1/23/2017 - Annual series of BP presentations at Baku Higher Oil School (BHOS) commenced in January 2017 with a lecture entitled “General overview of BP operations in Azerbaijan-Georgia-Turkey Region”. ...
China LNG Imports Hit Record in December 2016
China >> 1/23/2017 - China's liquefied natural gas (LNG) imports hit a record high in December, customs data showed on Monday, driven up as the country pushes towards cleaner fuels. The world's No.2 economy shipped in 3.7...
China to Tender More Xinjiang Oil & Gas Blocks to Non-State Firms
China >> 1/23/2017 - China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported, as Beijing steps up efforts to bo...
MLNG & VGS Sign HOA for Sales to KGLNGT Terminal in India
India >> 1/23/2017 - Liquefied Natural Gas Ltd (LNGL) is pleased to advise that its 100% owned subsidiary, Magnolia LNG, LLC (MLNG or Magnolia), has signed a Heads of Agreement (HOA) with Vessel Gasification Solutions, In...
Siemens to Supply Compressor Trains for Natural Gas Processing Plants in Iran
Siemens to Supply Compressor Trains for Natural Gas Processing Plants in Iran Iran >> 1/23/2017 - Siemens has received a major order for 12 compressor trains for two onshore natural gas processing plants in Iran. The company Palayesh Parsian Sepehr will operate the plants. Siemens' customer is the...
LNG Train 9 in Sarawak Moves to Commercial Operations Phase
Malaysia >> 1/23/2017 - Petronas announced Monday that its LNG Train 9 in Bintulu, Sarawak, has moved to the commercial operations phase as of Jan. 1. With its commercial operations start-up on target, the liquefied natural ...
Sparrows Group & SapuraKencana Petroleum Form Partnership in Malaysia
Malaysia >> 1/23/2017 - Sparrows Group is set to further grow our presence in the Asian Pacific market following the formation of a partnership with SapuraKencana Technology Sdn Bhd, a wholly-owned subsidiary of SapuraKencan...
Java Offshore Acquires Asian Geos Sdn Bhd
Malaysia >> 1/23/2017 - Java Offshore Sdn Bhd has recently completed the acquisition of a majority stake in Asian Geos Sdn Bhd, a specialist Offshore Geotechnical and Geophysical service provider within the Asia Pacific mark...
Agreement for sale of Redaelli Tecna
Russia >> 1/23/2017 - PAO Severstal (the “Company”) one of the world’s leading vertically integrated steel and steel-related mining companies, announces that its subsidiary, JSC Severstal – Metiz, Severstal’s international...
Letter of Intent for the Supply of a FPSO Facility for Ca Rong Do Field Development
Vietnam >> 1/23/2017 - Yinson Holdings Berhad is pleased to announce that Talisman Vietnam 07/03 B.V. (“TLV”) has via a Letter of Intent dated 20 January 2017 (“LOI”) agreed to enter into exclusive negotiations with Yinson ...
Russia Plans to Send Business Mission to Kuwait in Near Future
Russia >> 1/22/2017 - Russia plans to send a business mission to Kuwait in the near future, Russian Energy Minister Alexander Novak said Sunday. According to Novak, the possible spheres of cooperation between the two count...
SOCAR Senior Executives Attend World Economic Forum Annual Meeting in Davos
Azerbaijan >> 1/21/2017 - Azerbaijani delegation led by President of the Republic of Azerbaijan Ilham Aliyev at the World Economic Forum Annual Meeting in Davos on January 16-19, 2017, held a series of meetings, including the ...
Gazprom Neft Commissions Two New Production Wells at its Prirazlomnoye Field
Russia >> 1/21/2017 - Gazprom Neft subsidiary Gazpromneft-Shelf has commissioned two new production wells at its Prirazlomnoye field, bringing the total number of wells currently in operation at the Prirazlomnaya platform ...
Lion Energy Completes AMT-1 Discovery Well
Indonesia >> 1/20/2017 - Lion Energy reports that the Amanah Timur discovery well (AMT-1) has been plugged and abandoned at a depth of 347m KB, as attempts to free the stuck drill pipe were unsuccessful. Thus it was not possi...
Contract for CSV “Normand Installer” with PT. Saipem Indonesia
Indonesia >> 1/20/2017 - Solstad Offshore ASA (SOFF) has entered into a contract with PT. Saipem Indonesia for offshore installation works for the Jangkrik FPU utilizing the CSV “Normand Installer”. ...
New Director Appointment
Russia >> 1/20/2017 - Tethys Petroleum Limited (TPL) is pleased to announce the appointment of Medgat Kumar to the Board of Directors of the Company effective today. ...
Vitaly Markelov & Vladimir Markov Reelected as Gazprom Management Committee Members
Russia >> 1/20/2017 - The Gazprom Board of Directors held a meeting in absentia. The Board of Directors reelected Vitaly Markelov, Deputy Chairman of the Management Committee, Vladimir Markov and Elena Mikhailova, Heads of...
Bulgaria & Serbia Agree to Work on Pipeline to Cut Reliance on Russian Gas
Russia >> 1/20/2017 - Bulgaria and Serbia signed a memorandum of understanding to work together for the construction of a natural gas pipeline to link the Balkan neighbours to boost security of supplies and reduce their st...
Alexey Miller Briefs Vladimir Putin on Gazprom’s Performance in 2016
Russia >> 1/20/2017 - A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. ...
CNOOC Limited Announces its 2017 Business Strategy and Development Plan
China >> 1/19/2017 - CNOOC Limited (CNU) announced its business strategy and development plan for the year 2017. The Company’s net production target for 2017 is in the range of 450 to 460 million barrels of oil equivalent...
Indonesia Overhauls System For Future Oil, Gas Contracts
Indonesia >> 1/19/2017 - Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. ...
Gunvor Wins 5-year Deal to Supply LNG to Pakistan
Pakistan >> 1/19/2017 - Commodity trader Gunvor has won a major tender to supply about 60 liquefied natural gas (LNG) shipments to Pakistan over a five year period while Italy's Eni will supply the country with LNG over a 15...
Gazprom Neft’s Moscow Refinery Improves Refining Efficiency In 2016
Russia >> 1/19/2017 - Gazprom Neft’s Moscow Refinery refined a total 10.7 million tonnes of oil in 2016, with production of light oil products increasing to 58.1 percent (a two-percent increase on 2015). Conversion rate at...
SOCAR Selects Axens AlphaButol® Technology for the GPC Project
SOCAR Selects Axens AlphaButol® Technology for the GPC Project Azerbaijan >> 1/18/2017 - Axens confirmed today the signature of an AlphaButol® technology licensing agreement with SOCAR for the production of high purity 1-Butene through ethylene dimerization. The AlphaButol unit of 32,000 ...
Contract Award Brings MDL Tensioner to APAC
India >> 1/18/2017 - MDL has dispatched the new 4-track pipelay tensioner to Asia Pacific, after securing the first job for the system with a global offshore contractor. The portable 110-tonne unit – unveiled recently dur...
NISOC & MAPNA to Expand Industrial Co-op
Iran >> 1/18/2017 - In a joint meeting held in Ahvaz, National Iranian South Oilfields Company and MAPNA Industrial Group stressed strengthening bilateral relations. ...
Russia Launches New Domestic Oil & Gas Pipelines
Russia >> 1/18/2017 - Russia on Wednesday launched a new domestic gas pipeline and two new oil pipelines at a ceremony attended by President Vladimir Putin. ...
Russia's Zapolyarye-Purpe Oil Link To Pump 7.5 MM T In 2017
Russia >> 1/18/2017 - Russia's Zapolyarye-Purpe oil pipeline, which was launched on Wednesday, will pump 7.5 million tonnes of oil in 2017, said Nikolai Tokarev, the head of Russian oil pipeline monopoly Transneft. ...
New Production Capacities at Bovanenkovskoye Field Enter Operation
Russia >> 1/18/2017 - The ceremonial inauguration of new production capacities and the Bovanenkovo – Ukhta 2 gas trunkline took place today at the Bovanenkovskoye field. The event was attended by Alexey Miller, Chairman of...
SOCAR Hosts Czech Delegation
Azerbaijan >> 1/17/2017 - The delegation of Czech Republic headed by Minister of Industry and Trade Jan Mladek visited SOCAR main office and met with SOCAR Vice President for Field Development Yashar Latifov. ...
CNOOC Commences Production at the Enping 23-1 Oil Fields
China >> 1/17/2017 - CNOOC Limited has announced that the Enping 23-1 oil fields have commenced production.The Enping 23-1 oil fields are located in the Pearl River Mouth Basin of the South China Sea with an average water...
Roxi Petroleum Announces BNG Operational Update
Kazakhstan >> 1/17/2017 - Roxi Petroleum, the Central Asian oil and gas company, with a focus on Kazakhstan, has updated the market with news from its BNG Contract Area. ...
Alexey Miller & Igor Dodon Discuss Cooperation in Gas Industry
Russia >> 1/17/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Igor Dodon, President of the Republic of Moldova, took place at the Gazprom headquarters. ...
High Quality of Gazprom’s Corporate Governance Confirmed by Moscow Exchange
Russia >> 1/17/2017 - Gazprom received a certificate from the Moscow Exchange confirming that the Company had fulfilled all quality requirements for corporate governance and was thus qualified to retain its position on the...
Reliance & Sibur JV Plans to Build South Asia’s First Halogenated Butyl Rubber Unit
Russia >> 1/17/2017 - Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between SIBUR and Reliance Industries Limited (RIL), announced plans for setting up South Asia’s first halogenated butyl rubber unit ...
Gazprom Neft’s G-Energy Team Wins Africa ECO Race 2017 Marathon Rally
Russia >> 1/17/2017 - Gazprom Neft’s G-Energy team (Vladimir Vasiliev and Konstantin Zhiltsov), driving an off-road mini and supported by Gazpromneft-Lubricants, have secured a landslide victory in the Africa Eco Race mar...
TPL Provides a Corporate Update in Georgia
Georgia >> 1/16/2017 - Tethys Petroleum Limited (TPL) announces a corporate update. ...
South Koreas Iranian Oil Imports Up 8 Times
Iran >> 1/16/2017 - Official figures manifest that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago _ suggesting that the country is getting a stronger position in the...

Global Oil & Gas News

Mining On Top – Africa Summit Moves to Frankfurt For 2017
Germany >> 1/24/2017 - The 4th edition of MOTA, taking place from 6-7 July in Frankfurt, Germany will focus on the current industry changes and areas of development from both a government and mining company perpective, with...
LGO Energy Operational Update & Quarterly Production
Trinidad and Tobago >> 1/24/2017 - LGO provides an operational update including plans for production drilling and enhanced oil recovery at the Goudron Field in Trinidad, its Trinidad South West Peninsula interests and Group production ...
Tower Resources Completes Sale of Comet Petroleum
United Kingdom >> 1/24/2017 - Tower Resources plc, the AIM listed Africa focussed oil and gas exploration company, is pleased to announce the completion of the sale of its wholly owned subsidiary, Comet Petroleum Limited (Comet), ...
EnQuest Acquires Operated Stake in Magnus Field from BP
United Kingdom >> 1/24/2017 - EnQuest PLC (together with its subsidiaries, "EnQuest"), is pleased to announce an agreement to acquire from BP an initial 25% interest in the Magnus oil field (Magnus) representing c.15.9 MMboe of ad...
Teekay LNG Contemplates Norwegian Bond Issuance
Bermuda >> 1/23/2017 - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bo...
Divestment Project of Shallow Water Assets
Brazil >> 1/23/2017 - Petroleo Brasileiro S.A, Petrobras informs that a Regional Federal Court issued a decision on January 18, 2017 to grant suspensive effect to Petrobras' appeal in the divestment project regarding the t...
Gran Tierra Provides Operational Update
Colombia >> 1/23/2017 - Gran Tierra Energy Inc. (GTE), a company focused on oil and gas exploration and production in Colombia, is pleased to provide an operational update. ...
Providence Resources to Drill Druid Prospect in FEL 2/14
Ireland >> 1/23/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an update on the Frontier Exploration Licence (FEL) 2/14, which lies in c. 2,250 metre water depth in the souther...
Maersk Drilling Secures New Contract for Jack-Up Maersk Resolute
Netherlands/Holland >> 1/23/2017 - Maersk Drilling has been awarded a new contract with Petrogas E&P Netherlands for the High Efficiency jack-up, Maersk Resolute. The firm contract covers the drilling of the two wells, A8 and A9 in the...
CGG Reduces Cash Costs & Related Issuance of Senior Notes
Norway >> 1/23/2017 - Reflecting CGG’s commitment to focus on strict cost and cash management, CGG and CGG’s Norwegian subsidiary Exploration Investment Resources II have entered into agreements to substantially reduce the...
Touchstone Provides Operational & Corporate Update
Trinidad and Tobago >> 1/23/2017 - Touchstone Exploration Inc. (Touchstone) (TXP) is pleased to provide the following operational and corporate update. ...
Xodus Wins Subsea Contract with Apache
United Kingdom >> 1/23/2017 - Xodus Group has won a contract with North Sea operator Apache to deliver subsea engineering services for two new infill well developments at the Nevis and Skene fields in the Northern North Sea. ...
Sparrows Group Seals Crane Management Contract at New North Sea Field
United Kingdom >> 1/23/2017 - Sparrows Group has built upon our recent success in securing work on newly developed fields with a contract to provide crane management services at the Kraken Field in the UK North Sea. ...
BP Thunder Horse South Expansion Starts Up
United States >> 1/23/2017 - BP today announced that it has started up the Thunder Horse South Expansion project in the deepwater Gulf of Mexico 11 months ahead of schedule and $150 million under budget. ...
RapidStart Initiator CT Sleeves Set Record for Successful Performance
United States >> 1/23/2017 - Halliburton announced that two of its RapidStart® Initiator CT (casing test) sleeves opened after 32 months down hole. Thirty-two months is an industry record for the successful operation of a toe sle...
Important Progress in the Recovery of Oil Prices
Important Progress in the Recovery of Oil Prices Venezuela >> 1/22/2017 - The Minister of Popular Oil, Nelson Martinez, offered statements following his first meeting of the OPEC Joint Monitoring Ministerial Committee and not OPEC, noting that it was very positive and that ...
Fraudulent Ecuadorian Judgment against Chevron Subsidiary
Canada >> 1/20/2017 - A Canadian court has ruled that the fraudulent Ecuadorian judgment against Chevron Corporation cannot be enforced against Chevron Canada Limited, an indirect subsidiary. The court found that Chevron C...
Baytex Energy Closes Peace River Acquisition
Canada >> 1/20/2017 - Baytex Energy Corp. (Baytex) announces the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta. Cash consideration for the acquisiti...
Solvay, Marubeni and Ansaldo Energia Co-Invest in an Energy Efficiency Project
Italy >> 1/20/2017 - Brussels, Genova and Tokyo, --- Solvay, Marubeni Europe plc (“Marubeni”) and Ansaldo Energia announce today the creation of the joint venture to invest in an energy efficiency project at Solvay’s f...
Gamesa Wins 325MW Iberdrola Turbine Order in Mexico
Mexico >> 1/20/2017 - Gamesa has secured a 325MW turbine order from Spanish compatriot Iberdrola for the two wind projects the developer won in Mexico’s second renewables tender last year. ...
EMGS & TGS Expand the Cooperation in the Barents Sea
Norway >> 1/20/2017 - Electromagnetic Geoservices ASA (EMGS) and TGS-NOPEC Geophysical Co ASA (TGS) have agreed to expand the companies' cooperation agreement in the Barents Sea. TGS will be investing in a 3D CSEM data acq...
EMGS Signs New Charter Agreement for BOA Thalassa
Norway >> 1/20/2017 - Electromagnetic Geoservices ASA (EMGS) has signed a new charter agreement for the vessel BOA Thalassa with BOA SBL AS (owner of the vessel) at new and improved commercial terms. The new terms are vali...
North Atlantic Drilling Extends Contract for West Elara
Norway >> 1/20/2017 - North Atlantic Drilling Ltd has been awarded a firm one well extension plus one optional well from Statoil Petroleum AS (Statoil) for the jack-up West Elara. The work will commence in direct continuat...
Investigations of Serious Incidents Completed
Norway >> 1/20/2017 - In October last year a well control incident occurred on the Troll field, in addition to a hydrogen leak in part of the plant at the Mongstad refinery. ...
BP’s Juniper Platform Sets Sail for Offshore Trinidad
Trinidad and Tobago >> 1/20/2017 - BP Trinidad and Tobago LLC (bpTT) announced that the new Juniper offshore platform has begun its journey towards the southeast coast of Trinidad where it will be installed as bpTT’s 14th offshore inst...
Seabed Geosolutions Wins West Africa 4D Baseline OBN Project
United States >> 1/20/2017 - Seabed Geosolutions has been awarded a 4D baseline ocean bottom node (OBN) project in West Africa with a duration of six weeks. The crew is currently in the mobilisation phase of the project which wil...
Searcher Commences 3D Broadband PSDM Project
Australia >> 1/19/2017 - Searcher Seismic, in conjunction with project partner, CGG, is pleased to announce the PSDM reprocessing of ~1,668 square kilometres of 3D seismic data in the Carnarvon Basin, Western Australia has co...
Leniency Agreement Provides for Reimbursement of Over $ 81 M
Brazil >> 1/19/2017 - Petrobras will receive approximately R $ 81 million from the British company Rolls-Royce, which entered into a leniency agreement with the Federal Public Prosecutor's Office (MPF) under Operation Lava...
Statoil Extends North Sea Fields Contract with ALTUS Intervention
Norway >> 1/19/2017 - Statoil extends with ALTUS Intervention for Power Mechanical Services for Heidrun, Statfjord, Snorre, Sleipner and Statoil satellite fields. The agreement runs for two years. This is in addition to th...
TGS Wins Atlantic Margin 3D Multi-Client Project in Norway
Norway >> 1/19/2017 - TGS announces its first new multi-client acquisition project in 2017, AM17 Atlantic Margin 3D in the Norwegian Sea. AM17 is a 40,000 km2 project in the central-southern Norwegian Sea. The project is t...
Lundin Grants Drilling Permit for Well 7219/12-1 A in PL 533
Norway >> 1/19/2017 - The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 7219/12-1 A, cf. Section 8 of the Resource Management Regulations. Wellbore 7219/12-1 A will be drilled ...
Statoil Awards OneSubsea Production System Contract
Norway >> 1/19/2017 - OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea production system for the Utgard gas and condensate discovery ...
Noel Watson Retires from Jacobs Board of Directors
United States >> 1/19/2017 - Jacobs Engineering Group Inc. (JEC) announced at its Annual Shareholders Meeting today that Noel G. Watson will retire from the board effective today. Noel joined Jacobs more than 50 years ago becomin...
PDVSA & Rosneft Strengthen Strategic Alliance
PDVSA & Rosneft Strengthen Strategic Alliance Venezuela >> 1/19/2017 - Petroleos de Venezuela, S.A. (PDVSA) and representatives of the Russian company Rosneft assessed the progress of various joint projects, including the offshore gas developments of the Mariscal Sucre p...
New Gas Agreement Takes Sole Project to FIF Sales Target
Australia >> 1/18/2017 - Cooper Energy announces the signing of an expansion to its existing gas sales agreement with AGL Energy Limited (AGL) that will increase annual contract quantity from 6.6 petajoules (PJ) to 12 PJ. The...
Empire Oil & Gas Reports Gas Condensate Discovery at Red Gully North-1
Australia >> 1/18/2017 - Perth Basin domestic gas producer Empire Oil & Gas has announced that flow testing of its Red Gully North well has confirmed good flow rates of both condensate and gas, indicating the well has found a...
PGS Adds 40 000 sq. km Europe & Australia MultiClient Coverage from Dolphin Data Library
Australia >> 1/18/2017 - PGS has added approximately 40 000 sq. km of modern, conventional 3D and 6 000 km of 2D seismic data to its MultiClient library for Europe and Australia, following the previously announced joint purch...
Husky Energy to Present at CIBC Institutional Investor Conference
Canada >> 1/18/2017 - Husky Energy (HSE) announces that CEO Rob Peabody will be presenting at the CIBC Institutional Investor conference in Whistler, B.C. ...
Rosneft Announces Successful Finalization of a Project with Saras S.p.A.
Italy >> 1/18/2017 - Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, announces the agreement to sell to institutional investors 114,120,000 ordinary shares in Saras S.p.A., representi...
Statoil awarding service contracts for two Cat J rigs
Norway >> 1/18/2017 - Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks....

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