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Development News

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...
Statoil Receives Approval for Utgard & Byrding Developments
Norway >> 1/17/2017 - The plan for development and operation for the Utgard and Byrding fields in the North Sea has been approved by the authorities. Utgard is a gas and condensate field on Norwegian and UK continental she...
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. ...
Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
Vietnam >> 1/13/2017 - State energy group PetroVietnam (PVN) signed an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp on Friday to develop the country's biggest gas project for power generation, the state firm ...
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. ...
Egdon Refused Planning Consent for the Development of Wressle Oil Field
United Kingdom >> 1/11/2017 - Egdon Resources plc announces that the North Lincolnshire County Council’s Planning Committee has refused planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Li...
Amec Foster Wheeler to Work on Simulator to Validate ITER Reactor & Train Operators
United Kingdom >> 1/11/2017 - Amec Foster Wheeler announces that it has been appointed to carry out design development work on an integrated plant simulator for the ITER nuclear fusion reactor. The company will draw up technical s...
Japan's Inpex In Running To Develop Major Iran Oilfield
Iran >> 1/4/2017 - Japan's Inpex Corp is in the running to develop a major oilfield in Iran, Kyodo News reported on Wednesday, as Tehran looks to aggressively ramp up crude output following the lifting of sanctions. Jap...
South Pars Phase 13 First Tripod & Deck Installed
Iran >> 12/27/2016 - As reported by public relations of pars oil and gas company(pogc), Payyam Motamed, the director of development plan for phase 13, announced that tripod and flare deck of the phase 13 platform weighing...
A Record Year for the Pre-Salt in Brazil
A Record Year for the Pre-Salt in Brazil Brazil >> 12/26/2016 - The year 2016 consolidated the pre-salt as the country's largest oil producer. In November, the region reached the milestone of one billion barrels of oil produced in the accumulated . Later this year...
Chinese Firms Compete over Iran Oil Fields
Iran >> 12/26/2016 - Chinese firms which are eyeing to be granted with the development of the country’s oil fields, as they were also involved in carrying out the development of the initial phases of two major oil fields,...
Iran to Invite 20 Oil & Gas Tenders
Iran to Invite 20 Oil & Gas Tenders Iran >> 12/25/2016 - ICOFC managing director has announced that 20 projects for development of oil and gas fields or enhancement of oil recovery will be put out to tender. ...
SOCAR & BP Sign Principles of Agreement on Future Development of the ACG oil field to 2050
Azerbaijan >> 12/23/2016 - SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) today signed a letter of intent (LoI) for the future development of the Azeri-Chir...
Edison Reduces its Stake in Norway's Dvalin Development
Norway >> 12/21/2016 - Edison confirms its interest in the Dvalin (Zidane) concession in the Norwegian Sea, and will contribute to the investment needed for its future development, while reducing its stake from 20% to 10% i...
61 Companies Keen to Cooperate with NISOC
Iran >> 12/13/2016 - NISOC Technical Affairs Manager said, 61 domestic and foreign companies have expressed their readiness to cooperate with National Iranian South Oilfields Company regarding developing oilfields accordi...
Development of Leviathan Field to Produce Natural Gas by End of 2019
Development of Leviathan Field to Produce Natural Gas by End of 2019 Israel >> 12/12/2016 - Delek Group provides below an Immediate Report published by each of Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership ("the Partnerships") concerning the decisions taken...
Independent Oil & Gas Submits Blythe Field Development Plan
United Kingdom >> 12/12/2016 - Independent Oil and Gas the development and production focused Oil and Gas Company, has submitted the Blythe Field Development Plan ('FDP') in draft format to the Oil and Gas Authority ('OGA'). ...
OMV Keen on Joining Iran Oil Projects
Iran >> 12/11/2016 - Ervin Kroell, senior vice-president of OMVs Middle East and Caspian Department, said his company is interested in joining development projects in Iran. ...
Atlantic Petroleum Takes Over Operatorship of Orlando & Kells Licences
United Kingdom >> 12/11/2016 - Atlantic Petroleum announces that further to decisions of the joint operating committees of UKCS Licences P.1606 and P.1607 taken at special meetings held on Friday 9th December 2016, notices have tod...
Waitsia JV Approves 2017 Development Activities Budget
Australia >> 12/9/2016 - AWE Limited (AWE), Operator of the Waitsia gas project in WA production licence L1/L2, reports that the Waitsia Joint Venture has made strong progress in its preparations for Stage 2 of the Waitsia ga...

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