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Development News

Pennine Petroleum Signs Velca Block PSA in Albania
Albania >> 2/15/2017 - Pennine Petroleum has announced that it has signed a Production Sharing Agreement ('PSA') with Albpetrol for the exploration and development of the Velca Block in Albania. The finalized PSA contains a...
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...
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...
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...
Sri Lanka Launches Tender To Develop Natural Gas Site In Mannar Basin
Sri Lanka >> 2/13/2017 - Sri Lanka has launched a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an exploration project in 2015 as oil prices plunged. Sri Lan...
Final Iran Project Investment Decision Depends On US Waiver Renewal
Iran >> 2/9/2017 - French oil major Total plans to make a final investment decision on a $2 billion gas project in Iran by the summer, but the decision hinges on the renewal of U.S. sanctions waivers, the company's chie...
Gazprom Neft & Rostelecom Sign Strategic Partnership Agreement on Innovative Development
Russia >> 2/8/2017 - Gazprom Neft and Rostelecom have signed a strategic partnership agreement on innovative development and the Industrial Internet, the core aim of which is the establishment of long-term and effective c...
Egdon Resources Provides Update on Wressle Field Development
United Kingdom >> 2/7/2017 - Egdon Resources plc provides an update on plans to progress the development of the Wressle oil field following the recent decision of North Lincolnshire Council’s Planning Committee to refuse planning...
Jacobs Providing Strategic Policy Development Support to Transport for London
United Kingdom >> 2/6/2017 - Jacobs Engineering Group Inc. (JEC) has been awarded a two-year contract by Transport for London (TfL) to provide integrated impact assessment (IIA) services to support development and finalization of...
Total to Develop South Pars Phase 11
Iran >> 2/4/2017 - Frances giant Total has already set in motion its plans to develop Irans energy projects, a move that would probably make other global known energy firms uncertainty away about the prospects for makin...
Wintershall Selects Development Concept for Skarfjell
Norway >> 2/2/2017 - Wintershall, as operator, and its PL418 license partners have selected a preferred concept for the development of the Skarfjell field in the Norwegian North Sea. Under the proposed solution, the reser...
Yokogawa Collaborates with Four Companies to Develop IIoT Architecture
Japan >> 2/1/2017 - Yokogawa Electric Corporation announces that it will work with Microsoft Corporation, FogHorn Systems, Inc., Bayshore Networks, Inc., and Telit IoT Platforms, LLC to integrate their technology into an...
Oman Signs EPSA Deal for Block 48
Oman >> 1/31/2017 - Oman’s Ministry of Oil and Gas signed an exploration and production sharing agreement with Oman Oil Company Exploration and Production for developing block 48, located between Al Wusta and Al Dhahira ...
MFDevCo & COSL Drilling Pan Pacific Sign Agreement to Secure Marginal Field Projects
China >> 1/26/2017 - Marginal Field Development Company (MFDevCo) has entered into a collaboration agreement with COSL Drilling Pan Pacific Limited (‘CDPL’) that will allow it to secure marginal field development projects...
SOC Rehabilitates Khor Al-Omaia Oil Port
Iraq >> 1/26/2017 - The South Oil Company (SOC) started the development operations and extension of Khor Al-Omaia oil field in the south of Iraq by the cooperation with the ministry of transportation. ...
Rosneft & Republic of Bashkortostan Signed Cooperation Agreement
Russia >> 1/25/2017 - Rosneft and Republic of Bashkortostan signed cooperation agreement arranging general principles of cooperation between the parties. The document was signed by Rosneft Chief Executive Officer Igor Sec...
OMV and Iranian Dana Energy Sign MoU
Iran >> 1/25/2017 - OMV and Dana Energy Company, a leading Iranian company targeting oil and gas upstream field development activities, have signed a Memorandum of Understanding. The parties agreed to evaluate possible u...
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...
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. ...
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. ...

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