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National Oil Companies News and Press Releases

Gazprom Neft Expands Its Orenburg Oil Production Cluster
Gazprom Neft has secured subsoil usage rights for hydrocarbon exploration, development and production at the Zapadno-Rubezhinsky, Nadezhdinsky and Kornavarinsky license blocks, in the Orenburg Oblast....
1/11/2019 - Acquisitions and Divestitures - Russia
Additional Production Capacity Added at Faregh Oil Field
Waha Oil Company (WOC), a National Oil Corporation subsidiary, has completed preparations on another horizontal well in the Faregh oil field ahead of the planned start of second-phase experimental gas...
1/8/2019 - Logging, Perforating, Testing - Libya
NOC Calls for Emergency Security Measures for Sharara Field
National Oil Corporation (NOC) confirms that the Sharara oil field was breached, the third such incident in a week. ...
1/3/2019 - Safety Services - Libya
New Security Breach at Sharara Oil Field
National Oil Corporation (NOC) confirms an overnight security breach at the Sharara oil field. In the early hours of Monday, December 31, 2018, an armed group attacked a member of the site’s civil gua...
12/31/2018 - Safety Services - Libya
Aramco Completes Acquisition of Remaining 50% Stake in ARLANXEO JV from LANXESS
Saudi Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced the completion of Saudi Aramco’s acquisition of LANXESS‘s...
12/31/2018 - Mergers and Acquisitions - Saudi Arabia
Petronas Acquires 10% Stake in Block 61
Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd (Petronas), has completed the acquisition of a 10 per cent stake in a gas field in onshore Oman from Oman Oil Company Exploration & Pro...
12/31/2018 - Acquisitions and Divestitures - Oman
Gazprom Neft & Repsol Developing Exploration Cluster in Karabashsky 10 License
Gazprom Neft and Repsol have established a joint venture to undertake geological exploration in the Karabashsky zone of the Khanty-Mansi Autonomous Okrug-Yugra. ...
12/29/2018 - Acquisitions and Divestitures - Russia
NOC Announces November Monthly Oil Revenue
National Oil Corporation (NOC) declares that November income from sales of crude oil, derived products, and taxes and royalties received from concession contracts was approximately 2.4 billion USD – t...
12/28/2018 - Financials and Investment - Libya
Saudi Aramco Creates Fuel Retail Subsidiary to Expand Downstream
Saudi Aramco said it was establishing a domestic fuel retailing subsidiary as part of the national oil company’s drive to expand into downstream businesses. ...
12/26/2018 - Oil & Gas Companies - Saudi Arabia
NOC & Sonatrach Agree Joint Ghadames Block 2019 Budget
The joint ownership committee of the National Oil Corporation (NOC) and Algerian oil major Sonatrach met between December 24-25, 2018, in Algiers to discuss joint activities and balance sheets for 201...
12/26/2018 - Development - Libya
SOCAR Built & Installed Single-Handedly A New Offshore platform at Bulla-Deniz Field
A new stationary drilling platform built by SOCAR Oil and Gas Construction Trust at the Bulla-Deniz field was commissioned in a ceremony attended by Rovnag Abdullayev, President of SOCAR and other sen...
12/24/2018 - Offshore Platforms - Azerbaijan
First Phase of Heydar Aliyev Refinery Modernization Completed
• The first phase of the modernization project has been finished with the launch of a new bitumen plant and gas filling station. ...
12/21/2018 - Oil Treating & Refining - Azerbaijan
SOCAR & BP Explore the Creation of a New Petrochemicals Joint Venture in Turkey
BP and SOCAR Turkey have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey. ...
12/20/2018 - Mergers and Acquisitions - Turkey
Gazprom Neft Strengthens Its Own Arctic Fleet with a Second Icebreaker, the Andrey Vilkitsky
The Andrey Vilkitsky icebreaker, built as part of Gazprom Neft’s “Time of the Arctic” programme, has been launched in St Petersburg — the Alexander Sannikov icebreaker and six oil tankers having alrea...
12/20/2018 - FPSO Vessels and Equipment - Russia
ADNOC Awards OMV 5% Stake in Ghasha Offshore Gas Concession
The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Austria’s OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nas...
12/19/2018 - Acquisitions and Divestitures - United Arab Emirates
Gazprom Neft Develops Intelligent Digital Well-Logging System
Gazprom Neft is developing a unique digital system for selecting optimum well-logging investigations in line with wells’ technical features and formation characteristics. Implementing this solution co...
12/18/2018 - Logging, Perforating, Testing - Russia
ADNOC, Cepsa Award Engineering Contract to Spain's Tecnicas Reunidas
The Abu Dhabi National Oil Company (ADNOC), and its project partner Cepsa, have announced the awarding of a key contract, as both companies move forward with plans to develop a world-scale Linear Alky...
12/18/2018 - FEED - United Arab Emirates
Gubkin University Launches Educational Course for Employees of Indian Oil and Gas Companies
The Gubkin Russian State University of Oil and Gas has launched an educational course on “Production Intensification and Enhanced Oil Recovery” for employees of Indian oil and gas companies. The train...
12/18/2018 - Oil & Gas Companies - Russia
Rosneft Opens First New-Style Filling Station Under BP Brand
The first new compact filling station of the Rosneft-operated BP network has been opened on the Federal Highway M5 Moscow-Ryazan. The new style's main features are its small size and extended range of...
12/18/2018 - Oil & Gas Companies - Russia
NIOC & RIPI Ink Research Deal on Gas Hydrates
The National Iranian Oil Company (NIOC) and the Research Institute of Petroleum Industry (RIPI) signed a contract for the latter to conduct research on gas hydrates in the Sea of Oman. The deal was si...
12/17/2018 - LNG Processing - Oman
Gazprom Neft Using Digital Technologies to Improve Efficiency In Managing Production
Digital modules have been launched at Gazpromneft Khantos’ Production Control Centre, responsible for oil production processes, optimising well loads and maintaining reservoir pressure. The economic i...
12/17/2018 - Production Engineering - Russia
NOC Declares Force Majeure on Operations at the Sharara Field
The National Oil Corporation (NOC) of Libya declared force majeure on operations at the Sharara oil field, after declaring force majeure on 9 December on exports from Zawiya of crude oil produced at S...
12/17/2018 - Safety Services - Libya
Saudi Aramco and Raytheon Sign MOU to Establish JV in Cybersecurity
Saudi Aramco and Raytheon Company, through its subsidiary Raytheon Saudi Arabia, signed a Memorandum of Understanding to establish a joint venture company that will develop and provide best-in-class c...
12/14/2018 - Mergers and Acquisitions - Saudi Arabia
CNPC Suspends Investment in Iran's South Pars After U.S. Pressure
China National Petroleum Corp (CNPC) has suspended investment in Iran’s South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Washin...
12/12/2018 - Investment - Iran
No Tendering Process for Domestic & Foreign Oilfield Contractors
The CEO of National Iranian South Oilfields Company (NISOC), Ahmad Mohammadi said based on the new model of EPCF-EPDF Contracts for developing 28 reservoirs of NISOC, domestic and foreign contractors ...
12/11/2018 - Development - Iran
Gazprom Neft Acquires 2 New License Blocks
Gazprom Neft subsidiary Gazpromneft-Khantos has secured subsoil usage rights for geological prospecting, development and production at the Severo-Vaiskiy and Srednevaiskiy license blocks in the Khanty...
12/11/2018 - Acquisitions and Divestitures - Russia
Gazprom Neft Expands Its Activities in the Krasnoyarsky Krai
Gazprom Neft has secured hydrocarbon exploration, development and production rights to the Leninsky license block in the Gydan Peninsula. ...
12/10/2018 - Acquisitions and Divestitures - Russia
Kuwait Petroleum Aims to Produce 85,000 bpd of Heavy Crude by 2020/21
Kuwait Petroleum Corp. aims to produce 85,000 barrels of heavy crude oil a day by 2020/21, and 110,000 barrels per day by 2030/31, according to the text of a speech given by its CEO on Monday, seen by...
12/10/2018 - Production - Kuwait
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession
The Abu Dhabi National Oil Company (ADNOC) announced the four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Pet...
12/9/2018 - Acquisitions and Divestitures - United Arab Emirates
QP Signs Agreement Marking its First Entry into the Republic of Mozambique
Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of...
12/8/2018 - Acquisitions and Divestitures - Mozambique
Iran Expects OPEC Exemption from New Oil Output Deal
Iran says it should be exempted from any oil production cut deal as long as it remains under “illegal” US sanctions. The announcement was made by Iran’s Oil Minister Bijan Zanganeh on his way to a mee...
12/6/2018 - Production - Iran
Gazprom Neft Secures Subsoil Usage Rights to the Yuzhno-Obsky License Block
Gazprom Neft subsidiary Gazprom Neft Shelf has won the licensing round for subsoil usage rights (including geological prospecting, development and production) to the Yuzhno-Obsky license block. This n...
12/6/2018 - Acquisitions and Divestitures - Russia
Gazpromneft Yamal Achieves Target Hydrocarbon Production Levels in 2018
9.9 million tonnes of oil equivalent (mtoe) has been produced at Gazpromneft Yamal’s Novoportovskoye field in 2018 — production of oil equivalent at this Arctic field having increased 40 percent year-...
12/6/2018 - Production - Russia
Staff Nationalization Strategy in Oil and Gas Industry
R. Abdullayev: ''By the end of the year, foreign oil and gas companies staff in Azerbaijan will be 90% nationalized'' ...
12/5/2018 - Oil & Gas Companies - Azerbaijan
OPEC Players Frustrated with Saudis, Russia
Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that deter...
12/5/2018 - Oil - Iran
New NIOC CEO Appointed
Iranian Minister of Petroleum Bijan Zangeneh appointed Masoud Karbasian as the new CEO of the National Iranian Oil Company (NIOC) on Sunday. Earlier today, the official had issued a decree appointing ...
12/1/2018 - Executive Recruiting - Iran
First Russian-Chinese Energy Business Forum Closes in Beijing
The first Russian-Chinese energy business forum is successfully finished in Beijing. The format of the event was established in July 2018, upon instruction of Russian President Vladimir Putin and Chin...
11/29/2018 - Oil & Gas Companies - Russia
Rosneft & Chinese Hengli Group Signed a Cooperation Agreement
Rosneft Oil Company and Chinese Hengli Group signed a cooperation agreement as part of the first Russian-Chinese energy business forum. The document was signed by Igor Sechin, Chief Executive Officer ...
11/29/2018 - Exploration - Russia
Rosneft & Beijing Gas Set Up a Joint Venture to Develop a Network of CNG Filling Stations
An agreement to set up a joint venture for construction and operation of a network of CNG stations in Russia on the basis of Vankor UTT was signed by Rosneft and Beijing Gas Group Company Limited (her...
11/29/2018 - Mergers and Acquisitions - Russia
Rosneft & CNPC Chairman Wang Yilin Hold Working Meeting
Igor Sechin, the Chief Executive Officer of Rosneft Oil Company, and Wang Yilin, the Chairman of the Board of the China National Petroleum Corporation (CNPC), held a working meeting during the first R...
11/29/2018 - Development - Russia
Rosneft & ChemChina Sign an Oil Supply Contract
Rosneft and China National Chemical Corporation (ChemChina) signed an oil supply contract during the first Russian-Chinese Energy Business Forum. The contract provides for supplies of ESPO crude in th...
11/29/2018 - Oil - Russia
Igor Sechin Meets with the First Vice Premier of the State Council of China
Igor Sechin, the Chief Executive Officer of Rosneft Oil Company and the Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Sec...
11/29/2018 - Oil & Gas Companies - Russia
Gazprom Neft Fine-Tunes Well Construction Technologies
Gazpromneft-Orenburg (a subsidiary of Gazprom Neft) has commissioned the first high-tech well built using multi-storey drilling technology. This new approach makes it possible to increase initial prod...
11/27/2018 - Drilling - Russia
Gazprom Neft’s Board of Directors Confirms the Company’s Development Strategy to 2030
Gazprom Neft’s Board of Directors has reviewed and confirmed the company’s development strategy to 2030. The new document continues current strategy to 2025, which envisages achieving production at 10...
11/26/2018 - Development - Russia
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers
Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, m...
11/26/2018 - Investment - Saudi Arabia
Sonatrach & Citic Company Sign $6B Agreement for Building Phosphate Complex
A partnership agreement between the Sonatrach and Asmidal-Manal groups, and the Chinese groups led by the Citic Company to carry out an integrated project for the exploitation and transformation of ph...
11/26/2018 - Petrochemicals - Algeria
ADNOC Awards 10% Stake in Mega Ghasha Gas Project to Wintershall
The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega project with a 10 per cent stake. The Ghasha Concession co...
11/26/2018 - Acquisitions and Divestitures - United Arab Emirates
ADNOC Inaugurates New Taweelah Gas Compression Plant
The Abu Dhabi National Oil Company (ADNOC) inaugurated its technologically advanced Taweelah Gas Compression Plant, which will ensure uninterrupted gas supplies to major Abu Dhabi industries and the N...
11/25/2018 - Gas Processing - United Arab Emirates
Sonatrach & Eni Sign Several Cooperation Agreements
ALGER The National Hydrocarbons Company Sonatrach and the Italian group Eni signed in Algiers several cooperation agreements, particularly in the field of renewable energies, in the presence of the P-...
11/25/2018 - Photovoltaic Solar Energy - Algeria
SOCAR to Operate 9 fuel Stations at the New Istanbul Airport
SOCAR, the largest foreign investor in Turkey, was awarded a contract for nine fuel stations at Istanbul Airport, which will be the world's largest airport after completion. ...
11/23/2018 - Fuel oil - Azerbaijan

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