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Development News

YPF & PentaNova Partner to Develop the Llancanelo Block
Argentina >> 4/19/2017 - Miguel Gutierrez, president of YPF, and Warren Levy, a pair of Patagonia Oil Corp, an affiliate of PentaNova Energy Corp, signed a terms and conditions agreement for the development of the Llancanelo ...
Gazprom Builds 15 Exploratory & Development Wells in Bangladesh in Four Years
Bangladesh >> 4/14/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Abul Hassan Mahmood Ali, Minister of Foreign Affairs of the People’s Republic of Bangladesh, took place in Mo...
Gazprom Neft Begins Development of Its Novoportovskoye Field
Russia >> 4/12/2017 - Gazprom Neft has completed drilling of its first production well within the NP-8 stratum at its Novoportovskoye field. The total length of the constructed well shaft is 4.2 kilometres, including a 1.4...
Egdon Resources to Submit New Planning Application for Wressle Field
United Kingdom >> 4/11/2017 - Egdon Resources plc will start the appeal process through the Planning Inspectorate in respect of the decision by North Lincolnshire County Council (the Council) on 11 January 2017 to refuse planning ...
BP Authorized to Operate Rhum Gas Field with Iran
Iran >> 4/8/2017 - BP and Iran’s state-run oil company received a license from the US Treasury last year to operate their joint gas field in the North Sea following the lifting of international sanctions on Tehran, BP s...
Norway Approves PDO for Statoil's Trestakk Discovery on Halten Bank
Norway >> 4/5/2017 - Norwegian authorities have approved the Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank in the Norwegian Sea. Investments are calculated at NOK 5.5 billion, almos...
Qatar Restarts Development of World's Biggest Gas Field
Qatar >> 4/3/2017 - Qatar Petroleum announced its intention to develop a new gas project in the southern sector of the North Field and that it will commence work on the project’s details over the next few months. ...
LEKOIL Signs MoU with GE for Ogo Work Programme in OPL310
Nigeria >> 4/3/2017 - LEKOIL, the oil and gas exploration and production company with a focus on West Africa, has signed a Memorandum of Understanding (MOU) with GE Oil & Gas (GE), a subsidiary of General Electric Company ...
Saudi Aramco Signs MoUs with ADNOC, Masdar
Saudi Arabia >> 4/2/2017 - Saudi Arabian Oil Company (Saudi Aramco) signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy company, covering en...
Eland Oil Updates Planning Full Development of Gbetiokun Field
Nigeria >> 3/31/2017 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce a quarterly update of its operations. ...
Petsec Energy Provides Update on Hummer Field Development
United States >> 3/30/2017 - Petsec Energy has provided an update on the development of the Hummer Gas/Oil Field, which extends over Main Pass Blocks 270, 273 and 274, in the Gulf of Mexico, offshore Louisiana, U.S.A. ...
Lukoil’s President & Iran’s Oil Minister Discuss Cooperation Opportunities
Russia >> 3/29/2017 - As a member of the delegation of the Islamic Republic of Iran, headed by the President of the country Hassan Rouhani, who paid an official visit to Moscow, March, 27-28, Minister of Oil of Iran Bijan...
ExxonMobil Extends Life of Sigyn Field in the Norwegian North Sea
Norway >> 3/23/2017 - The Norwegian Petroleum Directorate has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022. In its application, o...
Norway's Ministry Approves the PDO for DEA's Dvalin Development
Norway >> 3/22/2017 - The plan for Development and Operation (PDO) for the DEA operated Dvalin development has been approved by the Ministry of Petroleum and Energy. With development costs of estimated 1.1 billion Euros (1...
Statoil Proceeding with Phase 2 of Johan Sverdrup Development
Norway >> 3/21/2017 - The Johan Sverdrup partnership has now decided to proceed with (DG2) Phase 2 of the Johan Sverdrup development, awarding FEED contracts to Aker Solutions, Kvarner and Siemens. Phase 1 of Johan Sverdru...
Azadegan Oil Project Tender Soon
Iran >> 3/15/2017 - “Companies ready for tenders are shortlisted and a competitive tender for choosing developers of the Development Project of Azadegan Oilfield will be held soon,” Iranian Minister of Petroleum, Bijan Z...
Iraq's Talks with Exxon to Develop New Southern Fields in Progress
Iraq >> 3/15/2017 - Iraq's talks with U.S. oil major Exxon Mobil Corp to develop two small southern oilfields are progressing well, the head of state-run South Oil Co. said. ...
Gazprom Attempt to Contribute in the Development Project of Changuleh Oilfield
Russia >> 3/11/2017 - “Gazprom is willing to work with PEDEC in the two fields of Changuleh and Cheshmeh-khosh,” deputy managing director of Gazprom said. According to Petroleum, Engineering and Development Company (PEDEC)...
Deputy Managing Director Visiting Azar Oilfield
Iran >> 3/11/2017 - Seyed Nurodin Shahnazizadeh, PEDEC’s managing director and chairman of the Board, visited the Development Project of Azar Oilfield on Tuesday, March 07, 2017, on the eve of the early production from t...
Iran May Award Kish Deal to Shell
Iran >> 3/7/2017 - Iran says it may start negotiations with global energy giant Shell over the development of Kish gas field which holds the country’s largest reservoirs of natural gas after South Pars. ...

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