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Development News

Wintershall Plans for $1.2B Nova Field Development
Norway >> 5/16/2018 - Wintershall has together with its partners Capricorn, Spirit Energy, Edison and DEA submitted the Plan for Development and Operation for its operated North Sea Nova field (formerly Skarfjell) to the N...
Farzad B Gas Field Contract to be Signed Soon
Iran >> 5/13/2018 - A contract to develop Farzad B gas field will be signed with India in a close future. National Iranian Oil Company (NIOC) is negotiating with an Indian company, ONGC, to develop Farzad B gas field. T...
LUKOIL Signs New Development Plan for West Qurna-2 Field
Iraq >> 5/11/2018 - LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day. According to the Plan, the oil production ...
Noble Signs Agreement to Progress Development of Alen Natural Gas
Equatorial Guinea >> 5/10/2018 - Noble Energy, Inc. has executed, along with the Government of the Republic of Equatorial Guinea and necessary third-parties, a Heads of Agreement establishing the framework for development of natural ...
Marubeni & BMCE Bank of Africa Sign MOU for New Businesses
Morocco >> 5/7/2018 - Marubeni Corporation (Marubeni) has signed a Memorandum of Understanding (the Agreement) with BMCE Bank of Africa (BMCE) for the joint development of new business opportunities in Morocco and other Af...
Iraq, BP Sign Kirkuk Oilfield Development Contract
Iraq >> 5/7/2018 - Iraq’s state-run North Oil Company signed an agreement with BP to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said. The agreement was signed in the s...
Indonesian Government Approves the First Phase Plan of Development for Kasuri Block
Indonesia >> 5/4/2018 - The Board of Directors of Genting Berhad is pleased to announce that the Company's 95%-owned indirect subsidiary Genting Oil & Gas Limited (GOGL), via its wholly-owned indirect subsidiary Genting Oil ...
Buffalo Field Moving Closer to Production
Australia >> 5/3/2018 - Carnarvon Petroleum Limited (CVN) is pleased to announce that redevelopment of its Buffalo oil field in the Timor Sea is progressing as the Company advances plans to drill the first production well. ...
Israeli Court Dismisses Petition Against Karish-Tanin Development
Israel >> 5/3/2018 - Energean Oil & Gas (LSE), the independent oil and gas exploration and production company focused on the Eastern Mediterranean, announces that the petition filed by Hof Hacarmel Regional Council agains...
Xodus & Atlantis to Target Energy in Japan
Japan >> 5/2/2018 - Xodus Group has signed a Memorandum of Understanding (MoU) with Atlantis Resources to pursue the development of a tidal energy project in Japan. The ambition for this agreement is to secure funding an...
Nuenergy Submits First Plan of Development
Indonesia >> 4/30/2018 - NuEnergy Gas Limited (NGY) is pleased to update that it has submitted the First Plan of Development for the Tanjung Enim Field (“POD I”) within the Tanjung Enim Production Sharing Contract (“PSC”) to ...
W&T & Baker Hughes Announce Strategic Agreement in Gulf of Mexico
United States >> 4/30/2018 - At Offshore Technology Conference (OTC), W&T Offshore Inc. (WTI) and Baker Hughes, a GE company (BHGE) announced a strategic partnership related to W&T’s joint exploration and development program, whi...
Iraq Awards 6 Exploration Blocks for Rehabilitation & Development
Iraq >> 4/29/2018 - Mr. Jabbar Ali Al-Luiebi the minister of oil confirmed on the keenness of the ministry of oil to rehabilitate and develop the exploration blocks to raise the oil reserves. ...
DNO Expands and Accelerates Kurdistan Operations
Iraq >> 4/26/2018 - DNO ASA, the Norwegian oil and gas operator, announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the hi...
Iraq Signs $118M Two Contracts to Operate & Maintain Majnoon Oil Field
Iraq >> 4/26/2018 - By the presence of the minister of oil and within the plan of the ministry of oil to develop the production operations in Majnoon oil field… Basrah Oil Company signed two contracts with Anton Chinese ...
Shell Invests in the Vito Development in the Gulf of Mexico
United States >> 4/24/2018 - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announces the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-...
BP & Reliance Sanction Second Phase of Integrated KG D6 Development
India >> 4/19/2018 - To develop ‘Satellite cluster’ deep-water gas fields in India, second of three projects; together all three projects to bring 1 bcf/d of new production by 2022. BP and Reliance Industries Limited ...
Eni Announces Development Approval for the Merakes Discovery
Indonesia >> 4/18/2018 - Eni announces the approval of the Plan of Development (POD) for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, offshore East Kalimantan, Indonesia. The Minister of Energy ...
Black Platinum Energy Announces Preparation of the Dara East Gas Field PPoD
Indonesia >> 4/16/2018 - Following Black Platinum Energy’s recent announcement of a significant increase in the discovered Dara East Gas Field P50 GIIP volume to 1,495 Bscf, the Company has completed a Preliminary Plan of Dev...
CEO Visits Development Plans Progress
Iran >> 4/15/2018 - Managing director of Pars Oil and Gas Company, in his two-day journey to Assaluyeh and capital city of Bushehr, visited development plans progress and offshore platform construction. ...

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