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Middle East Oil & Gas News

Sarens Transports and Installs Major Oil Rig in Iraq
Iraq >> 6/22/2017 - Maneuvering through narrow streets in the stifling heat, 24 Sarens employees and 5 police officers successfully delivered an oil rig to the North Rumaila Oil Field in southern Iraq. This super-giant o...
Iraq Oil Demand - June 2017
Iraq Oil Demand - June 2017 Iraq >> 6/21/2017 - Strong oil demand in the first four months of 2017 has been observed in Iraq; all main petroleum product categories registered double-digit percentage y-o-y growth, which was notably solid in crude di...
Abu Dhabi Fund Takes 5 percent Stake in Dana Gas
United Arab Emirates >> 6/19/2017 - Goldilocks Investment Co, an open-ended equity fund which is part of Abu Dhabi Financial Group, said it had bought 5 percent of Abu Dhabi-listed gas producer Dana Gas. ...
Qatargas and Shell Sign New LNG Agreement
Qatar >> 6/18/2017 - Qatargas, the World's Premier Liquefied Natural Gas Company, announced the signing of a new Sale and Purchase Agreement (SPA) with Shell. Under the terms of the agreement, Qatargas will deliver up to ...
Gulf Energy Maritime Signs US$75M Deal with Dubai Islamic Bank
United Arab Emirates >> 6/15/2017 - Gulf Energy Maritime (GEM), has signed an AED275 million ($75 million) with Dubai Islamic Bank (DIB). The agreement marks the first time GEM has raised funding of this kind through Islamic finance.
Asian Product Market - June 2017
Asian Product Market - June 2017 Oman >> 6/14/2017 - The Asian market weakened in May, pressured by the supply side amid expectations of increasing refinery runs following the end of peak maintenance season. A lack of export opportunities also weighed ...
Saudi Arabia, Bahrain, UAE and Egypt Cut Diplomatic Ties with Qatar
Qatar >> 6/14/2017 - Since Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on Monday 5 June 2017, and moved to close off access to the Gulf country, there have been a few developme...
Petrofac Secures Five-year Training Agreement with Kuwait Oil Company
Kuwait >> 6/13/2017 - Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services. ...
Qatar Petroleum and Shell Sign LNG Bunkering Agreement
Qatar >> 6/13/2017 - Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. (Shell) signed a framework agreement to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure ...
McDermott Delivers First Jacket from Dammam Yard
Saudi Arabia >> 6/13/2017 - McDermott International, Inc. recently celebrated a major milestone with the load-out and installation of the first jacket fully fabricated by the Company at its recently opened Dammam fabrication yar...
Emerson, Saudi Aramco Sign Collaboration Deal on Digitisation
Saudi Arabia >> 6/12/2017 - Emerson signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-U.S. CEO Forum in Riyadh. The agreement signed by David N. Farr, Emerson’s chairman and chief execut...
Abu Dhabi Hosts The Maritime Standard Ship Finance & Trade Conference 2017
United Arab Emirates >> 6/11/2017 - The third annual The Maritime Standard Ship Finance and Trade Conference will take place on November 8th 2017 at the Sheraton Abu Dhabi Hotel and Resort. The event is expected to attract more than 150...
Weir Oil & Gas Acquires KOP Surface Products with US$114M
United Arab Emirates >> 6/11/2017 - Weir Oil & Gas has entered into an agreement to acquire KOP Surface Products, a provider of advanced pressure control wellhead technologies, systems and services. KOP has a long history and leading ma...
Petrofac Secures Framework Agreement with Petroleum Development Oman
Oman >> 6/8/2017 - Petrofac has secured a long-term Framework Agreement (FA) with Petroleum Development Oman (PDO) for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for m...
SABIC Wins the Best Polymer Producers Award 2017 for Polypropylene
Saudi Arabia >> 6/8/2017 - SABIC has been named a winner of the prestigious Best Polymer Producer Award in the category of Polypropylene at an award ceremony held in conjunction with the European Plastics Converters (EuPC) Annu...
Abu Dhabi Petroleum Port Eases Limits on Oil Tankers to and from Qatar
United Arab Emirates >> 6/7/2017 - Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters. Abu Dhabi Petroleum Ports Aut...
Exxon Says Qatar LNG Not Affected by Arab States Tension
Qatar >> 6/6/2017 - Exxon Mobil Corp said that production and exports of liquefied natural gas from Qatar have not been affected by rising diplomatic tensions in the Middle East. Saudi Arabia, the United Arab Emirates, B...
Qatar has No Plan to Shut Dolphin Gas Pipeline to UAE Despite Rift
Qatar >> 6/6/2017 - Qatar has no plan to shut the Dolphin pipeline that transports natural gas to the United Arab Emirates despite the severing of diplomatic ties between the two Gulf Arab nations, officials in both coun...
PDO Signs Oman Energy R&D Protocol with Ministry, Research Council
Oman >> 6/5/2017 - The Research Council (TRC), The Ministry of Oil and Gas (MOG) and Petroleum Development Oman Company (PDO) signed the Oman Energy Industry-Academia R&D Protocol on 5 June 2017 in the Ministry of Oil a...
Alizz Islamic, Orpic Sign an Agreement for Petcoke Storage Facility
Oman >> 6/5/2017 - Alizz Islamic Bank signed an agreement with Oman Oil Refineries and Petroleum Industries Company - Orpic to provide Islamic financing facilities for the construction of a Petroleum Coke (petcoke) stor...
India's Petronet: No Impact on Qatar LNG as Saudi, Others Cut Ties
Qatar >> 6/5/2017 - India's Petronet LNG said it did not expect any impact on gas supplies from Qatar after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed ties with the Gulf Arab state accusing it of s...
Qatar-UAE Gas Pipeline Operating Normally, No Impact from Political Tensions
Qatar >> 6/5/2017 - A natural gas pipeline from Qatar to the United Arab Emirates and Oman was operating normally despite a Gulf political dispute with Doha, two industry sources said. "The pipeline is still up and runni...
OPEC Member Countries Economy - May 2017
OPEC Member Countries Economy - May 2017 Saudi Arabia >> 6/5/2017 - Inflation in Saudi Arabia posted a negative reading in March, similar to the first two months of the year, as a result of the increasing baseline effect in some public goods and energy prices in 2016....
Dana Gas Appoints Advisers for $700 mln Sukuk Restructuring
United Arab Emirates >> 6/4/2017 - United Arab Emirates energy firm Dana Gas appointed Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700 million sukuk maturing in October, so...
Rosneft and Kurdistan Agree to Expand Strategic Cooperation
Iraq >> 6/2/2017 - Rosneft and the Kurdistan Regional Government, as part of the XXI St. Petersburg International Economic Forum, signed a series of agreements on widening their cooperation in exploration and production...
Sadara Starts Commercial Production at Region's First PMDI Unit
Saudi Arabia >> 6/1/2017 - Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, today announced the production of commercial quantities of on-specification liquid Polymeric Methylene Diph...
Amec Foster Wheeler Wins Aramco Oilfield Development Contract
Saudi Arabia >> 6/1/2017 - Amec Foster Wheeler has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern prov...
Alexey Miller & Iraqi Oil Minister Discuss Badra Project
Iraq >> 5/31/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Jabbar al-Luaibi, Minister of Oil of the Republic of Iraq, took place in St. Petersburg today. ...
Aramco Signs JV Deal with Lamprell, Bahri, and Hyundai to Build Shipyard
Aramco Signs JV Deal with Lamprell, Bahri, and Hyundai to Build Shipyard Saudi Arabia >> 5/31/2017 - Saudi Aramco signed a shareholder agreement with Lamprell plc (“Lamprell”), the National Shipping Company of Saudi Arabia (“Bahri”), and Hyundai Heavy Industries Co. Ltd (“HHI”) to enter into a joint ...
Iraq Discuss with Lukoil to Develop the Oil Sector in Iraq
Iraq >> 5/30/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with the CEO of Lukoil Russian company Mr. Katy Al-Juboori and his entourage. The two parties discussed during the meeting about developing the...
Putin, Saudi Prince to Meet After Extending Oil-Supply Curb Deal
Saudi Arabia >> 5/30/2017 - Russian President Vladimir Putin is to meet with Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman in Moscow after the world’s biggest oil exporters reached a deal to prolong supply cuts for anot...
Yokogawa Wins Analyzer Package Order for Petrochemical Complex in Oman
Oman >> 5/29/2017 - Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Electric Korea, has received an order to supply an analyzer package solution for the Liwa Plastics Industries Complex, which is be...
Marubeni Signs PPA for 1.18GW Sweihan Solar Plant in UAE
United Arab Emirates >> 5/29/2017 - Marubeni Corporation announces that Sweihan PV Power Company, owned by Marubeni (20%), JinkoSolar Holding Co., Ltd (20%) and Abu Dhabi Water and Electricity Authority (60%), signed a limited-recourse ...
Mina Abdullah Refinery under Maintenance
Kuwait >> 5/28/2017 - Mina Abdullah oil refinery is currently under full-scale maintenance due to proceed until June 6, said Mutlaq Rashed Nasser Al-Azmi, the Deputy Chief Executive Officer at the refinery. ...
Qatargas Receives Qatarization Award in the Energy and Industry Sector
Qatargas Receives Qatarization Award in the Energy and Industry Sector Qatar >> 5/28/2017 - Qatargas received the prestigious ‘Qatarization Crystal Award’ in recognition of its efforts in “Support for Training and Development” at the annual award ceremony held on the sidelines of the 17th Qa...

Africa Oil & Gas News

Bumi Armada Suspends Operations on Armada Perdana FPSO
Bumi Armada Suspends Operations on Armada Perdana FPSO Nigeria >> 6/21/2017 - Armada Oyo Limited (AOL) and Bumi Armada (Singapore) Pte Ltd (BASPL), the wholly owned subsidiaries of Bumi Armada Berhad (Bumi Armada), are suspending the bare-boat charter (BBC) and operations and m...
Woodside Responds to FAR's Request for Arbitration
Senegal >> 6/21/2017 - The Republic of Senegal’s Minister of Energy and the Development of Renewable Energy has issued an arrete ministeriel (Ministerial Order’ which provides further confirmation of Woodside’s participatio...
Tlou Energy Generates First Power at Lesedi CBM Project
Botswana >> 6/20/2017 - Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), has generated its first power from CB...
FAR Files for Arbitration over Conoco's Sale of its Senegal JV Interest
Senegal >> 6/20/2017 - FAR Limited (FAR) has made a request to the International Chamber of Commerce in Paris to commence arbitration proceedings to resolve the current Joint Operating Agreement dispute regarding FAR’s righ...
Egypt Signs $575m Agreement with GE for 100 multi-use Locomotives
Egypt Signs $575m Agreement with GE for 100 multi-use Locomotives Egypt >> 6/17/2017 - Egypt signed a $575 million agreement with General Electric Co for GE to provide 100 new multi-use locomotives, 15 years of technical support and spare parts, and maintenance and upgrades of 81 trains...
Agreement to Acquire Further 25% of East Ghazalat
Agreement to Acquire Further 25% of East Ghazalat Egypt >> 6/15/2017 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc ("Echo") to a...
Uganda to Finalise Oil Exploration Deal with Oranto Petroleum
Uganda >> 6/14/2017 - Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said. The firm, Oranto Petroleum Internatio...
Libya's NOC, Wintershall Strike Interim Deal to Resume Output
Libya >> 6/13/2017 - Libya's National Oil Corporation (NOC) and German oil firm Wintershall have agreed an interim deal to resume production, a step forward in a contract dispute that was blocking up to 160,000 barrels pe...
Libya's NOC, Wintershall Strike Interim Deal to Resume Production
Libya >> 6/13/2017 - Libya's National Oil Corporation (NOC) and German oil and gas company Wintershall have agreed an interim arrangement to resume production in Libya, the NOC said on Tuesday, a step forward in a dispute...
Wentworth Starts Farmout Process for Tembo-1 Appraisal Asset
Mozambique >> 6/13/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. ...
Eland Oil & Gas Signs Rig Contract for Opuama-7 Sidetrack
Nigeria >> 6/13/2017 - Eland Oil & Gas PLC, an oil and gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce that its joint venture company, Elcrest Explora...
Oil & Gas Africa 2017
South Africa >> 6/13/2017 - Onshore gas production Africa: ‘We’ve walked the road many still fear to tread’ Renergen COO ...
Nord Stream & Gubkin Russian State University of Oil and Gaz Lay Grounds for Cooperation
Swaziland >> 6/13/2017 - Saint-Petersburg | At the Saint-Petersburg Economic Forum both Nord Stream AG and renowned Gubkin Russian State University of Oil and Gas (RGU) expressed their interest for future cooperation. ...
ENGIE & eleQtra to Develop a Wind Project in Ghana
Ghana >> 6/12/2017 - ENGIE and eleQtra, a developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construc...
Erin Energy to Drill Offshore Nigeria & Expects to Double Production
Nigeria >> 6/12/2017 - Erin Energy Corporation (Erin Energy) provided an update on its drilling operations that are expected to double production for the Company, as well as updated its plans for drilling one of its prime e...
Sirius Petroleum in Talks with BP Regarding Ororo Field Financing
Nigeria >> 6/12/2017 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, notes the recent press speculation and can confirm it is currently in discussions w...
LEKOIL Receives Ministerial Consent for OPL310 Farm-in
Nigeria >> 6/9/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on West Africa, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted c...
Sterling & Genel Acquiring 2D Seismic on Odewayne Block
Somalia >> 6/9/2017 - Sterling Energy Plc (Sterling), the AIM listed oil and gas exploration and production company, is pleased to announce that the Government sponsored 2D seismic campaign on the Odewayne Block has commen...
Petroleum Minister Paid $2.2 Billion to Foreign Partners
Petroleum Minister Paid $2.2 Billion to Foreign Partners Egypt >> 6/8/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that the Petroleum sector paid $2.2 Billion of arrears to IOCs working in Egypt by instalments during the past three weeks, r...
EBRD Approves $500m for Private Renewable Projects in Egypt
EBRD Approves $500m for Private Renewable Projects in Egypt Egypt >> 6/8/2017 - The European Bank for Reconstruction and Development (EBRD) has taken a major step forward in the rollout of renewable energy with the approval of a US$ 500 million framework to finance renewable ener...
GeoPartners & Petroguin to Accelerate Development Offshore Guinea Bissau
Guinea Bissau >> 6/8/2017 - Bissau Exploration Company, a wholly owned subsidiary of UK based GeoPartners, has announced the signing a joint venture participation agreement between themselves and A Empresa Nacional de Pesquisa e...
Libya's Sharara Oil Field Reopens after Strike
Libya >> 6/8/2017 - Libya's major Sharara oil field has reopened after a workers' protest and should return to normal production within three days, the National Oil Corporation said in a statement early on Friday. ...
Seabird Exploration Wins Seismic Contract Offshore Namibia
Namibia >> 6/8/2017 - Global Petroleum has entered into a contract with Seabird Exploration of Norway in order to acquire 834 km of full fold 2D seismic data covering Global's operated block (PEL 0029) in Namibia. ...
Savannah Petroleum to Acquire West African Focused Business
Niger >> 6/8/2017 - Savannah Petroleum PLC (Savannah) has entered into a binding exclusivity agreement with a West African focused business (the “Target”) in relation to the potential acquisition of substantially all of ...
Woodside Faces Delay on Senegal Oil Project over Ownership Row
Senegal >> 6/8/2017 - A dispute between two Australian energy companies escalated, potentially delaying a promising oil project off Senegal which was due to start producing as early as 2021. The deepwater SNE project is be...
ABB Opens Comprehensive UPS Test Center
Swaziland >> 6/8/2017 - With a well-attended official opening on June 8, 2017, ABB opened its brand-new test facility for uninterruptible power supply (UPS) systems at the UPS factory in Switzerland. With this new facility, ...
Algeria's Sonatrach, Repsol Sign Pact to Consolidate Ties
Algeria >> 6/7/2017 - Algeria's Sonatrach and Spain's Repsol have signed an agreement to consolidate their partnership in energy exploration and amicably end their differences, APS state news agency said. ...
Hyperdynamics Raises $6.33m to Fund its Share of Fatala Well
Guinea >> 6/7/2017 - Hyperdynamics Corporation (Hyperdynamics), announced the closing of a private placement offering (the "Offering") of Units of the Company's securities each consisting of (i) one share of the Company's...
Egypt Paid $1.5b in Arrears to IOCs in May, June
Egypt Paid $1.5b in Arrears to IOCs in May, June Egypt >> 6/6/2017 - Egypt has paid $1.5 billion in arrears to international oil companies in May and June, the Central Bank of Egypt’s (CBE) Assistant Deputy Governor Rami Aboul Naga told state-owned news agency MENA on ...
Clontarf Energy Wins Offshore Acreage in EG 2017 Bid Round
Equatorial Guinea >> 6/6/2017 - Clontarf Energy has been awarded Block 18 (EG-18) in the Equatorial Guinea 2017 Bid Round. Block 18 covers approximately 5,056 km2 of undrilled deep water acreage with several play types. Clontarf Ene...
Hyperdynamics Completes Farmout Transaction with SAPETRO
Guinea >> 6/6/2017 - Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) have completed the closing of their previously announced Farmou...
Aquatic’s Dual Tensioner Selected for Atoll Umbilical Setup offshore Egypt
Aquatic’s Dual Tensioner Selected for Atoll Umbilical Setup offshore Egypt Egypt >> 6/5/2017 - Aquatic has been selected to provide tensioning capabilities to DeepOcean BV on behalf of Subsea 7 for the Pharaonic /PHPC Atoll Main umbilical installation project in Egypt. Aquatic will provide its ...
Equatorial Guinea Ronda Winners Announced at AOP
Equatorial Guinea >> 6/5/2017 - The seven winners of the EG Rhonda 2016 Licensing Round were announced Monday by H.E. Gabriel Mbaga Obiang Lima, the Minister of Mines and Hydrocarbons of Equatorial Guinea at Africa Oil & Power, one ...
Chariot Oil & Gas Provides Update on Blocks 2312 & 2412A
Namibia >> 6/5/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, provides an update on its Namibian Blocks 2312 & 2412A: ...
ABB’s New UNO-DM-PLUS Series & Optimizing the Performance of Residential PV
Swaziland >> 6/5/2017 - The new UNO-DM-PLUS series represents the optimal solution for residential PV installations. Available in six power ratings, from 1.2 to 5.0 kW, the inverter has a compact design and shares the same o...
Optimizing Solar Energy Usage with ABB’s Innovative REACT Inverter
Swaziland >> 6/5/2017 - ABB has taken a significant step forward in optimizing solar energy usage in the home, with the launch of its Renewable Accumulator and Conversion Technology (REACT), which features a built-in, high p...
Egypt Aims to Cut Fuel Imports to 10% of Consumption by 2019
Egypt Aims to Cut Fuel Imports to 10% of Consumption by 2019 Egypt >> 6/4/2017 - Egypt is looking to ramp up petroleum production over the next two years, aiming to reduce fuel imports to about 10 percent of total consumption from 30 percent currently, media quoted Oil Minister Ta...
Advanced ABB Sensor Technology Enables Smart Grid Digitalization
Swaziland >> 6/2/2017 - The pioneering technology leader, ABB, will present papers on the latest sensor technology. The sensors are an advanced solution for measuring currents and voltages, and a perfect solution to evolutio...
Saipem Wins $230 Million New Offshore Drilling Contracts
Mozambique >> 6/1/2017 - Saipem and Eni have signed a contract for offshore drilling activity in Mozambique, utilising the drillship Saipem 12000. The contract is of 15 months’ duration commencing mid-2019. It includes option...
TechnipFMC Wins Major Integrated Contract for Coral South FLNG Project
TechnipFMC Wins Major Integrated Contract for Coral South FLNG Project Mozambique >> 6/1/2017 - TechnipFMC, together with JGC Corporation and Samsung Heavy Industries, all partners in the TJS Consortium where TechnipFMC is leader, has been awarded by CORAL FLNG SA* a major contract. It covers th...

Asia Oil & Gas News

Vestas Introduces Rating of 4.2 MW & Three New Turbine Variants
Afghanistan >> 6/22/2017 - The announcement introduces the fourth generation of the platform since its launch in 2010 and takes the platform’s turbine portfolio to eight turbines, including the three new variants: V117-4.0/4.2 ...
Total Hails New Format of Iranian Oil Deals
Iran >> 6/22/2017 - Iran has blamed a recent rise in US oil production for the plunge in global prices of crude oil. Iran’s Petroleum Minister Bijan Zanganeh told reporters on Wednesday that the US had increased its oil ...
Total Investment in Iran Having Message to US Congress
Iran >> 6/22/2017 - An expert on international affairs and a member of the Graduate Institute of International Studies, Geneva, Reza Nasri said Total investment in Iran in spite of US Senate new sanctions on Iran shows t...
SPM Certificates Presented at Baku Higher Oil School
Azerbaijan >> 6/21/2017 - Students of School of Project Management (SPM) set up at Baku Higher Oil School (BHOS) passed course exams and received certificates of successful completion of the first training module. ...
NIOC Calls Free Data on Iran Oilfields from Oil Giants
Iran >> 6/21/2017 - An official with the National Iranian Oil Company (NIOC) says the company gains updated information about Iran’s oil and gas fields for free by signing MoUs with international oil companies for carryi...
Iran’s Azadegan Oilfield Tender Delayed for Months
Iran >> 6/21/2017 - A tender for developing Iran’s Azadegan oilfield has been delayed for another few months to allow energy companies more time to study the field, a senior Iranian oil official said on Tuesday. ...
Gazprom Neft Begins Exploratory Drilling at the Ayashsky Block
Russia >> 6/21/2017 - Gazpromneft Sakhalin (a subsidiary of Gazprom Neft) has begun drilling the first exploratory well at the Ayashsky licence block, located on the continental shelf of the Sea of Okhotsk. The programme o...
Baku Higher Oil School Received One More ISO Certificate
Azerbaijan >> 6/20/2017 - Baku Higher Oil School (BHOS) received international certificate in ISO 10002:2014 standard: Quality management - Customer satisfaction - Guidelines for complaints handling in organisations. ...
TAP Completes the Shipment of Pipes to Albania
Azerbaijan >> 6/20/2017 - On 16 June, the last shipment of steel line pipes for building the Albanian onshore section of the Trans Adriatic Pipeline (TAP) was offloaded in the port of Durrës. ...
Iran to Sign Deal with Eni over Kish, Darkhovin Fields
Iran >> 6/20/2017 - Iran’s media are reporting that Italy’s oil and gas giant Eni is preparing to sign a basic agreement to study two Iranian oil and gas fields. Iran’s English-language newspaper The Financial Tribune...
Oil Investment Ensures Economic Stability
Iran >> 6/20/2017 - Head of Iran-China joint Chamber of Commerce Majid-Reza Hariri says arrival of new investment in Iran’s oil industry can ensure economic stability of the country. ...
NIOC to Represent Iran at 22nd World Petroleum Congress in July
Iran >> 6/20/2017 - The National Iranian Oil Company (NIOC) will run a stand at the 22nd World Petroleum Congress to be held in ?stanbul (Turkey) on 9-13 July, 2017. ...
CGG Wins Renewal of Dedicated Center Contract for PTTEP
Thailand >> 6/20/2017 - CGG announced that PTT Exploration & Production Public Company Limited (PTTEP) has renewed its contract for the dedicated processing center (DPC) CGG has been operating in Bangkok on its behalf since ...
Iran Sees Strategic Gains in Total Deal
Iran >> 6/19/2017 - As Iran is preparing to sign a much-delayed deal with the French energy giant Total over the development of a major gas project, indications are growing that Tehran is already looking at the political...
Iran & Total Deal Final Before End of Rouhani’s First Term
Iran >> 6/18/2017 - Iranian Minister of Petroleum Bijan Zangeneh says a deal to develop South Pars 11 project between NIOC and the Total will be finalized before the end of President Rouhani’s first term in office. ...
Iran Names Russian Firms to Major Project
Iran >> 6/18/2017 - The National Iranian Oil Company (NIOC) has added four Russian companies and Azerbaijan’s state oil firm Socar to the list of firms qualified for development work in the Islamic Republic. ...
Rosneft Discovers Oil Field Offshore Eastern Arctic
Russia >> 6/18/2017 - Russia's largest oil producer Rosneft said on Sunday it had found an oil field in the Laptev Sea in the eastern Arctic. 'The result of the drilling at the Khatanga licence block allows Rosneft to b...
West Karoun Oil Supply Capacity Rise
Iran >> 6/17/2017 - Transfer of crude oil from the West Karoun oil block in the southern Khuzestan Province to export terminals in the Persian Gulf is picking up, thanks to expanding pumping machinery and equipment. ...
Iran Still world’s Biggest Natural Gas Player
Iran >> 6/17/2017 - A new report shows Iran still has the world’s largest reserves of natural gas and is closely followed by market rivals Russia and then Qatar. ...
NIOC Includes 4 More Russian Oil Companies, Azeri Socar Prequalified for Iran Projects
Iran >> 6/17/2017 - The National Iranian Oil Company has added five more international oil companies in its list of prequalified companies for Irans oil and gas upstream projects, just days before the June 19 deadline fo...
EMS-Fehn-Group Celebrated the Successful Completion of the TAP project
Azerbaijan >> 6/16/2017 - EMS-Fehn-Group celebrated the successful completion of the TAP project. Amongst the guests were the German ambassador in Tirana, Susanne Schütz, and high ranking officials from the Albanian transport ...
SKF Group Divests Reelcraft
India >> 6/16/2017 - SKF has signed an agreement, subject to regulatory approvals, to divest Reelcraft, a manufacturer of hose, cord and cable reels for industrial applications, to Madison Industries. ...
Condor Begins Drilling the Yakamoz 1 Exploration Well
Kazakhstan >> 6/16/2017 - Condor Petroleum Inc. (“Condor” or the “Company”), a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, provides an operations update. ...
Alexey Miller & Serzh Sargsyan Express Appreciation for Robust Use of Natural Gas in Armenia
Russia >> 6/16/2017 - Yerevan hosted today working meetings of Alexey Miller, Chairman of the Gazprom Management Committee, with Armenian President Serzh Sargsyan and Armenian Prime Minister Karen Karapetyan.
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First gas from Layang Field of Block SK10 Offshore Sarawak, Malaysia
Malaysia >> 6/15/2017 - Mr. Shunsaku Miyake, President and CEO of JX Nippon Oil & Gas Exploration Corporation is pleased to announce that its subsidiary JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Blo...
Petro Matad Wins PSC Extensions for Mongolia Blocks IV & V
Mongolia >> 6/15/2017 - Petro Matad, the Mongolia focussed oil exploration and future development and production company is pleased to advise that the Mongolian regulatory body (MRPAM) has formally approved an extension of t...
Rosneft & Partners to Invest over $8 Billion in Russia's Offshore Energy Sector
Russia >> 6/15/2017 - Rosneft and its partners plan to invest 480 billion roubles ($8.4 billion) in developing Russia's offshore energy industry in the next five years, part of a bid to boost output from new areas, the Rus...
Yanos Refinery Commissions New Group Iii-Quality Base Oil Production Facility
Russia >> 6/15/2017 - A new facility for production of Group III-quality base oils has been commissioned at the JSC Slavneft-YANOS refinery, part of OAO NGK Slavneft, a joint enterprise between Gazprom Neft PJSC and Rosnef...
China's May Oil Output Lowest on Record
China >> 6/14/2017 - China's crude oil production fell to its lowest on record in May, even as refineries in the world's top buyer of crude churned out product at their fastest pace in nearly two years, data showed on Wed...
Sonoro Energy Signs LOI for Budong Budong Appraisal Well in West Sulawesi
Indonesia >> 6/14/2017 - Sonoro Energy has purchased land, secured its environmental permit, and identified a drilling contractor for its Budong Budong appraisal wellprogram in West Sulawesi, Indonesia. ...
Iran Oil Output Rises in May 2017
Iran >> 6/14/2017 - Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its...
Iran to Sign New Oil Contracts by Year End
Iran >> 6/14/2017 - Deputy Minister of Petroleum said that the condition is ready for signing new oil contracts by the end of this Iranian year (March 20, 2018), with South Pars phase 11, oil layer, and Azadegan field de...
Oil Search Completes Muruk 1ST3 Production Test
Papua-New Guinea >> 6/14/2017 - Since the last drilling update, a production test has been successfully completed at the Muruk 1ST3 well, to the south-west of the Muruk 1 gas discovery. ...
Lukoil Completes Fifth Well at Vladimir Filanovsky Field
Russia >> 6/14/2017 - LUKOIL has completed the construction and commissioning of the fifth production well at Vladimir Filanovsky offshore field in the Caspian Sea and commenced the construction of the sixth well that is g...
ENOC Signs Agreement with Winspec Marine
Singapore >> 6/14/2017 - ENOC Group has signed an agreement with Winspec Marine, a Singapore-based provider of freight-forwarding and logistics services. The agreement enables Winspec Singapore to become a key distributor of ...
Vietnamese/Norwegian Aquaculture Firm Picks ShipConstructor
Vietnam >> 6/14/2017 - Following the success of SSI’s recent exhibition at Nor-Shipping, SSI is excited to announce the recent sale of more ShipConstructor software to the Vietnamese office of Steinsvik, the major Norwegian...
Iran will Sign New Oil Deals Worth $15bln
Iran >> 6/13/2017 - Managing Director of the National Iranian Oil Company Ali Kardor announced that the NIOC will sign several multi-billion-dollar crude contracts with foreign countries to develop the country’s energy f...
JSC KMG NC Appoints New Chief Operating Officer
Iran >> 6/13/2017 - Oleg Karpushin has been appointed to the post of COO for JSC KMG NC, with immediate effect. In this post he will have executive responsibility for the whole of KMG NC upstream interests, reporting to ...
Yamal LNG Raised Financing with Insurance Coverage by the Swedish & German Export Credit Agencies
Russia >> 6/13/2017 - OAO Yamal LNG (“Yamal LNG”) announced the signing of agreements with several European banks, inter alia Raiffeisen Bank International AG and Intesa Sanpaolo on 14-year credit line facilities for the t...
Gazprom Neft to Develop Cooperation with American Oil Services Company Helmerich & Payne
Russia >> 6/13/2017 - Gazprom Neft has concluded a long-term partnership memorandum on oil and gas projects in Russia with American oil services company Helmerich & Payne International Drilling Co. The document, outlining ...

Global Oil & Gas News

Contract Awards for Secunda Canada
Canada >> 6/22/2017 - Secunda Canada LP, a wholly owned subsidiary of Siem Offshore Inc., announced that ExxonMobil Canada has awarded a 2-year firm contract, plus 12 monthly options for anchor handling tug supply vessels ...
SBM Offshore Awarded Contracts for the ExxonMobil Liza FPSO
SBM Offshore Awarded Contracts for the ExxonMobil Liza FPSO Guyana >> 6/22/2017 - SBM Offshore is pleased to announce that ExxonMobil has formally confirmed the award of contracts for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, ...
Statoil Awards Contract on New Shuttle Tankers
United Kingdom >> 6/22/2017 - Statoil and AET extend partnership in North Sea shuttle sector as Statoil awards a contract to AET to operate two specialist DP2 offshore loading shuttle tankers (OLSTs) on long-term charter. ...
OTTO to Acquire 50% Interest in New Gulf of Mexico Lease
United States >> 6/22/2017 - Otto Energy Limited (Otto) (OEL) is pleased to report that it has elected pursuant to the Participation Agreement between its wholly owned subsidiary, Otto Energy (Louisiana) LLC, and a wholly owned s...
Monadelphous Secures $600 Million Contract with Woodside
Australia >> 6/21/2017 - Engineering company Monadelphous Group Limited (Monadelphous) had secured a major contract with Woodside Energy Ltd for the provision of gas asset general maintenance services and brownfields offshore...
DNV GL’s Global Network of Verification Experts to Support New Contract with Maersk Oil
Denmark >> 6/21/2017 - DNV GL has won a major contract to provide independent verification services for the Maersk Oil redevelopment of the Tyra Field, offshore Denmark. The Tyra field in the Danish North Sea has been at th...
SKF Inaugurates Large-Size Bearing Test Centre
Germany >> 6/21/2017 - SKF has inaugurated its newly-built Sven Wingquist Test Center in Schweinfurt, Germany, an investment totalling EUR 40 million. The center is the first in the world that is able to test large-size bea...
ENGIE Reports Gas Leak at Gjoa Field
Norway >> 6/21/2017 - A gas leak occurred at 20:01 Wednesday at the ENGIE E&P operated Gjoa field located in the North Sea. The situation is under control. The field is situated West of Floro on the West coast of Norway. <...
Maersk Drilling Wins Contract for Jack-Up Maersk Resolve
United Kingdom >> 6/21/2017 - Maersk Drilling has been awarded a contract for the high efficiency jack-up, Maersk Resolve, by Wintershall Noordzee B.V. The one-well contract will have a duration of approximately 86 days, with furt...
Centrica to Sell Langage & South Humber Bank Gas-Fired Power Stations
United Kingdom >> 6/21/2017 - Centrica plc has agreed to sell its operational Langage and South Humber Bank combined cycle gas turbine (CCGT) power stations, with a combined capacity of 2.3GW, to EP UK Investments Ltd (EPUK) for £...
Flint Hills Resources to Use Honeywell Connected Plant Technology
United Kingdom >> 6/21/2017 - Honeywell (HON) announced that Flint Hills Resources will use the Honeywell Connected Plant Process Reliability Advisor to provide ongoing monitoring of the refinery’s CCR Platforming™ unit along with...
Modular Rotork CK Actuators Introduce Reliable & Economical Automation at Hydroelectric Facility
United Kingdom >> 6/21/2017 - Rotork CK range modular electric valve actuators have provided a reliable and economical automated flow control solution for a hydroelectric generating station in Mexico. The actuators have been insta...
CB&I Awarded Contract for Ethane Cracking Furnace Project
United States >> 6/21/2017 - CB&I has been awarded a contract valued at approximately $40 million by E. I. du Pont de Nemours and Company (DuPont) to provide engineering, procurement and construction for an ethane cracking furnac...
Cenovus Plans to Grow Free Funds Flow 14% a Year through 2021
Canada >> 6/20/2017 - Cenovus Energy Inc. put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel ...
Total Exercises Option to Farm-in to Providence's FEL 2/14
Ireland >> 6/20/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a commercial update on the Exclusive Option (the “Option”) entered into with TOTAL E&P IRELAND B.V. (TOTAL) and a...
Eni Awarded 3 New Exploration & Production Blocks in Mexico
Mexico >> 6/20/2017 - Eni has been granted 3 of 10 offshore blocks awarded by Mexico’s National Hydrocarbon Commission (CNH) in the Sureste Basin, in the Gulf of Mexico. This result boosts Eni’s presence in a market that o...
Statoil Receives Consent to Extend the Lifetime of Gullfaks B Facility
Norway >> 6/20/2017 - Statoil has received consent to extend the lifetime of the Gullfaks B facility and its associated pipelines. Statoil is the operator of the Gullfaks field, located in block 34/10 at Tampen in the nort...
Statoil Gets Green Light for Njord & Bauge Developments
Norway >> 6/20/2017 - The plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea have now been approved by the authorities. The Njord A platform and the Njord Bravo floating storage and offloadin...
Centrica to Shut Rough Gas Storage Facility Offshore UK
United Kingdom >> 6/20/2017 - On 12 April 2017, Centrica Storage Limited (CSL) announced was assessing the future pathway for Rough’s commercial operations. CSL has now completed the wells testing programme and has analysed the re...
AWE Encounters Gas Shows in the Waitsia-3 Appraisal Well
Australia >> 6/19/2017 - AWE, the Operator of Production Licences L1/L2 in the northern Perth Basin, Western Australia, advises that as at 06:00 hours (6.00am) AWST the Waitsia-3 appraisal well was at 3,578 m Measured Depth b...
Cooper Energy Announces Another Successful Callawonga Well
Australia >> 6/19/2017 - JV partner Cooper Energy has announced that the Beach Energy-operated Callawonga-17, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, is to be cased and suspended as a...
Europa Oil & Gas Updates Offshore Ireland Licences
Ireland >> 6/19/2017 - Europa Oil & Gas (Holdings) plc, the AIM traded, UK and Ireland focused, oil and gas exploration, development and production company, is pleased to announce Irish Government consent has been received ...
Mexico Awarded Ten Contracts in Shallow Water Auction
Mexico Awarded Ten Contracts in Shallow Water Auction Mexico >> 6/19/2017 - In a public session broadcast live, was made the opening of proposals and declaration of Winning Bidders of the Contracts for the Exploration and Extraction of hydrocarbons, corresponding to Round Two...
NGC & EOG Sign Gas Contract for Future Domestic Supplies
Trinidad and Tobago >> 6/19/2017 - The National Gas Company of Trinidad and Tobago Limited (NGC) and EOG Resources Trinidad Limited (EOG) reached an agreement for a continued gas supply to the domestic market from 2019, following the ...
Siccar Point Energy Awards NADL One Well Contract for Cambo Well
United Kingdom >> 6/19/2017 - North Atlantic Drilling Ltd has been awarded a one well contract with SPE for Seadrill Limited's semi-submersible West Hercules for work in the United Kingdom, West of Shetland. The contract will comm...
Aquaterra Energy Wins Multi-Million Pound North Sea Contract
United Kingdom >> 6/19/2017 - Aquaterra Energy, a leading global offshore engineering solutions provider, has won a major contract to supply subsea high pressure riser (HPR) equipment and services for a subsea abandonment project ...
EQT Corporation to Acquire Rice Energy for $6.7 Billion
United States >> 6/19/2017 - EQT Corporation and Rice Energy Inc. have entered into a definitive merger agreement under which EQT will acquire all of the outstanding shares of Rice common stock for total consideration of approxim...
United States Supreme Court Denies Petition for Review
United States >> 6/19/2017 - The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9....
Occidental Monetises Non-Strategic Permian Resources Acreage
United States >> 6/19/2017 - Occidental Petroleum Corporation has agreed to a number of purchase and sale transactions in the Permian Basin. On a combined basis, these transactions require no net cash outlay and add approximately...
United States Supreme Court Denies Petition for Review by Lawyer Behind Fraudulent Ecuador Lawsuit
United States >> 6/19/2017 - The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9....
Sparrows Group and ITI Form Strategic Partnership
United Kingdom >> 6/17/2017 - Sparrows Group and Industrial Training International (ITI) have formed a strategic partnership to deliver offshore and onshore crane and rigging training solutions for clients. ...
ExxonMobil Makes Final Investment Decision for Liza Development
Guyana >> 6/16/2017 - Exxon Mobil Corporation (XOM) said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, loc...
European Commission Approves Shell's $3.8b North Sea Sale
United Kingdom >> 6/16/2017 - The European Commission approved Royal Dutch Shell's $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor. "The Commission concluded that the proposed acquisition would ...
Robert W. Bond Retires as VP eBusiness, IoT and Services for Parker
United States >> 6/16/2017 - Parker Hannifin Corporation, the global leader in motion and control technologies, announced that Robert W. Bond, Vice President - eBusiness, IoT and Services, will retire after 40 years of dedicated ...
Sanchez Energy to Sell Non-Core Marquis Asset in Eagle Ford Shale
United States >> 6/16/2017 - Sanchez Energy Corporation (Sanchez Energy) has sold its non-core Marquis asset in the Eagle Ford Shale to Lonestar Resources US, Inc. (Lonestar) for approximately $50 million of cash, subject to the ...
Monadelphous Secures More Ichthys LNG Work
Australia >> 6/15/2017 - Engineering company Monadelphous Group Limited (MND) (Monadelphous) announced it has secured new contracts and additional work with a combined value of approximately $125 million. ...
Platanillo Operations Update
Colombia >> 6/15/2017 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on production operations in Colombia. ...
ABB Delivers Dolwin2 Wind Connection
Germany >> 6/15/2017 - ABB has successfully commissioned and handed over the DolWin2 offshore wind transmission link to the Dutch-German transmission system operator TenneT. ...
Statoil Receives Consent for Exploration Drilling in Barents Sea
Norway >> 6/15/2017 - Statoil has received consent to drill an exploration well in block 7325/4 in the Barents Sea. Well 7325/4-1 (Gemini Nord) is in the Hoop area in the Barents Sea, around 275 kilometres from Nordkapp an...
New Alfa Romeo Stelvio Fitted with SKF Hub Units
Sweden >> 6/15/2017 - SKF hub bearing units (HBU3) are selected for Fiat Chrysler Automobile (FCA) Group’s recently launched Alfa Romeo Stelvio. The powerful new Alfa Romeo Stelvio SUV is equipped with SKF’s third generati...

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