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National Oil Companies News and Press Releases

Aramco Eyes up to 25% in RIL Refining & Ptrochemical Business
Saudi Aramco is in “serious discussions” to acquire a 25 percent stake in the refining and petrochemical businesses of India’s Reliance Industries, according to a report in the Times of India. Accordi...
4/17/2019 - Mergers and Acquisitions - India
Gas Production Increased by 25% in First Quarter of 2019
• SOCAR commissioned its highest-capacity well drilled at Umid field; it will produce 900 million cubic meters of natural gas annually ...
4/16/2019 - Production - Azerbaijan
Gazprom Neft Begins Developing Achimov Strata & Oil-Rim Deposits
Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the company to start developing Achimov strata at the Yam...
4/16/2019 - Acquisitions and Divestitures - Russia
Qatar Petroleum Wins 5 Exploration Blocks Offshore Argentina
Qatar Petroleum has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. ...
4/16/2019 - Acquisitions and Divestitures - Argentina
Aramco to Acquire Stake in South Korean Hyundai Oilbank
The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC)...
4/15/2019 - Mergers and Acquisitions - Saudi Arabia
PETRONAS to Acquire Asia's Leading Distributed Energy Solutions Provider
PETRONAS has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus Energy Solutions Pte Ltd, also known as M+, a leading Singap...
4/15/2019 - Mergers and Acquisitions - Malaysia
Zvezda Shipyard Signs Contract with Sovkomflot to Build Arctic Gas Carrier for Arctic LNG 2 Project
Zvezda Shipbuilding Complex and Sovkomflot PJSC have signed a contract to make a pilot gas carrier vessel for the Arctic LNG 2 project. The contract states that the vessel shall be delivered in Q1 202...
4/10/2019 - LNG Carriers - Russia
SOCAR Aviation to Supply Jet Fuel to Istanbul Airport
SOCAR Aviation, a subsidiary of SOCAR, the largest direct foreign investor in Turkey won a jet fuel tender announced by Istanbul Airport (?GA). Murat Erdo?an, Trading Manager of SOCAR Türkiye said the...
4/10/2019 - Jet fuel - Azerbaijan
Gazprom Neft Implements the World’s First Ever Digital Arctic-Logistics Management System
Gazprom Neft has launched the world’s first ever digital Arctic-logistics management system. This innovative project — code-named “Kapitan (Captain)” — has been developed to ensure uninterrupted year-...
4/9/2019 - Project & Resource Management - Russia
Gazprom Neft Expands Oil Production in Kurdistan Region
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI). ...
4/4/2019 - Production - Iraq
Gazprom Neft & IBM Research Brazil Using AI to Improve Quality in Processing Geological Information
Research Cooperation Agreement on the use of machine learning systems and artificial intelligence (AI) aims to optimise the analysis and model creation from geological data. ...
4/3/2019 - Geological and Geophysical - Russia
Qatar Petroleum Takes Part in LNG 2019 in Shanghai
Qatar Petroleum has joined other major oil & gas companies taking part in the 19th International Conference & Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai, China. ...
4/3/2019 - Oil & Gas Companies - China
ADNOC Signs New Long-Term Agreement for Base Oil Sales into China
The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has concluded a significant long-term sales agreement with the Xiamen Sinolook Oil Co. Ltd., of China, for its high-quality base oi...
4/2/2019 - Oil - China
QP Awards Major Contracts for Qatar’s LNG Expansion Project
Qatar Petroleum announced that it has awarded a number of contracts related to Qatar’s LNG expansion project designed to enhance its capabilities by increasing LNG production capacity from 77 to 110 m...
4/2/2019 - LNG Processing - Qatar
Promising Results from Well Y3-51 in Sirte Basin
National Oil Corporation (NOC) and its subsidiary Arabian Gulf Oil Company (AGOCO) announce promising test results from appraisal well Y3-51 in the Sirte Basin, with a potential production capacity of...
3/28/2019 - Drilling - Libya
NOC & Eni Establish Steering Committee for Sabratha Gas Project
National Oil Corporation (NOC) and Italian oil major Eni signed two memoranda of understanding (MoU), at NOC’s Tripoli headquarters. The first concerned the establishment of a steering committee to ex...
3/28/2019 - Exploration - Libya
Aramco Signs Share Purchase Agreement to Acquire 70% Majority Stake in SABIC
Saudi Aramco has announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a...
3/27/2019 - Mergers and Acquisitions - Saudi Arabia
Aramco, McDermott Sign EPCI Agreement for Fabrication Facility in Saudi Arabia
Saudi Aramco signed a land lease agreement with McDermott Arabia Company, Ltd., a wholly-owned subsidiary of McDermott International, Inc., to grant McDermott a lease to establish a fabrication facili...
3/26/2019 - Engineering Procurement and Construction (EPC) - Saudi Arabia
Sinopec Discovers Huge Shale Gas Reserves in Sichuan
Sinopec announced on March 25 it has made another major breakthrough in shale gas exploration and development, following the discovery of Fuling shale gas field. Sinopec reported a proven reserve of 1...
3/26/2019 - Shale Gas - China
ADNOC Awards Indian Consortium Onshore Exploration Block in Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC) signed agreements awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Lim...
3/25/2019 - Acquisitions and Divestitures - United Arab Emirates
ADNOC Signs MoU Agreements with OMV and Borealis
The Abu Dhabi National Oil Company (ADNOC) signed two Memorandum of Understanding’s (MoUs) with OMV and one MoU with Borealis to explore new opportunities for collaboration in the downstream sector. T...
3/23/2019 - Petrochemicals - United Arab Emirates
Direct Sales of Gazprom Neft Aviation Fuels Up 11% in 2018
Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, increased “wing-tip” sales of aviation fuels by 2.7 million tonnes in 2018 — an 11-percent increase year-on-year. Total sal...
3/19/2019 - Fuel oil - Russia
Gazpromneft-Vostok Develops Its Gas-Transportation Infrastructure Assets
Gazpromneft-Vostok has begun construction of a gas pipeline which will allow associated petroleum gas (APG) to be fed from the Achimovsky field booster pumping station to the Urmansky field (Tomsk Obl...
3/14/2019 - Oil and Gas Pipeline - Russia
Qatar Petroleum Acquires Twelve Exploration Blocks in Morocco
Qatar Petroleum entered into an agreement with Eni to acquire a 30% participating interest in the Tarfaya Shallow Exploration Permit, a series of 12 neighboring offshore blocks along the Atlantic coas...
3/13/2019 - Acquisitions and Divestitures - Morocco
SOCAR Wins a Concession for the First-Time Construction of Electric Charging Stations
SOCAR Energy Switzerland has obtained one of five concessions awarded by the Federal Roads Office (FEDRO) for the construction of 20 fast electric charging stations at Swiss motorway resting places. ...
3/13/2019 - Electrical Works - Azerbaijan
Egypt's Offshore Red Sea International Bid Round /2019
The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round ...
3/12/2019 - Exploration - Egypt
KazMunayGas & Eni Sign a Number of Agreements on the Abai Project
KAZAJSC NC "KazMunayGas” and Eni Isatay B.V. signed the Joint Operating Agreement (JOA) and the Carry Agreement (CA) for the purpose of joint implementation of the project on the Abai area, located in...
3/12/2019 - Exploration - Kazakhstan
Qatar Petroleum Signs Agreement to Enter New Exploration Block in Mozambique
Qatar Petroleum entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique. ...
3/11/2019 - Acquisitions and Divestitures - Mozambique
Sales of Gazprom Neft Marine Fuels Up 10% in 2018
Sales of bunkering fuel at Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business, reached 2.9 million tonnes in 2018, a 10-percent increase year-on-year, further strengthening its...
3/11/2019 - Fuel oil - Russia
Tyumenneftegaz Achieved a 30% Increase in Downhole Splitter Drilling at Russkoe Field
Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in...
3/11/2019 - Drilling - Russia
Rosneft Develops Unique Technical Oil
Specialists of Rosneft United Research and Development Centre (part of the corporate R&D complex of Rosneft) together with LLC RN-Lubricants (a subsidiary of Rosneft) have developed and patented a met...
3/11/2019 - Oil - Russia
German Companies Express Interest in Libyan Oil & Gas Sector
Chairman of National Oil Corporation (NOC), Eng. Mustafa Sanalla took part in the Libyan-German Economic Forum, held on March 8, 2019, in Tunis, alongside a number of other sovereign state institution...
3/10/2019 - Investment - Libya
First Specialty Oil Field Chemicals Manufacturing Reaction Plant in Saudi Arabia
Representatives from Saudi Aramco, Halliburton, Sadara, Fluor, and the Royal Commission of Jubail recently gathered to mark the groundbreaking of a manufacturing plant to be built by Halliburton at th...
2/28/2019 - Chemicals - Saudi Arabia
Algeria Extends Oil Swap Deal with Vitol to April
Algeria’s state oil firm Sonatrach has extended its crude for oil products deal with major trading firm Vitol from the end of 2018 until the end of April this year, four sources familiar with the matt...
2/27/2019 - Oil & Gas Companies - Algeria
ADNOC Signs $1.21B Agreement with SK E&P for the World’s Largest Oil Storage Project
The Abu Dhabi National Oil Company (ADNOC) announced that it is building the world’s largest single underground project ever awarded for oil storage, with a capacity of 42 million barrels of crude oil...
2/27/2019 - Engineering Procurement and Construction (EPC) - United Arab Emirates
Gazprom Neft Sets a Horizontal-Drilling Record at Its Tazovskoye Field
Gazprom Neft subsidiary Gazpromneft-Razvitiye (Gazpromneft Development) has completed its drilling of high-tech horizontal wells with record-length horizontal sections running to more than 2,000 metre...
2/27/2019 - Drilling - Russia
Sales of Gazprom Neft’s Innovative Bitumen Products Up 35% in 2018
Gazpromneft-Bitumen Materials, operator of the Gazprom Neft bitumens business, sold 202,000 tonnes of high-tech modified bitumen and bitumen-derivative products in 2018, a 35-percent increase on 2017....
2/26/2019 - Petrochemicals - Russia
NOC to Lift Force Majeure at Sharara Once Armed Militia Departs
National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla met with the chairman of the Presidency Council (PC), Mr Fayez al-Sarraj, and representatives of the international community in Abu Dhabi ...
2/26/2019 - Production - Libya
YANOS Increases 2018 Refining Volumes to Reach 15.7 Million Tonnes
JSC Slavneft-YANOS increased refining volumes by 1.5 percent in 2018, to 15.7 million tonnes of oil (mt), making it one of the top three largest refineries in Russia. Light product yield was also up 1...
2/25/2019 - Oil - Russia
Gazprom Neft’s Omsk Refinery to Increase Output of High-Octane Gasoline
Gazprom Neft has begun preparations for the on-site installation of large-scale equipment for the modernisation of its reforming unit.* The project, in which RUB9.7 billion has been invested thus far,...
2/25/2019 - Oil Treating & Refining - Russia
Gazprom Neft Implements New Technologies in Horizontal Well Construction
Gazprom Neft subsidiary Gazpromneft-Khantos has brought its first high-tech two-string wells into operation, making it possible to cut the drilling cycle by half, as well as to improve efficiency in b...
2/25/2019 - Drilling - Russia
ADNOC Signs $4B Pipeline Investment Agreement with BlackRock, KKR
The Abu Dhabi National Oil Company (ADNOC) has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institution...
2/24/2019 - Oil and Gas Pipeline - United Arab Emirates
Aramco Signs Agreement to Form Sino-Foreign JV with NORINCO &Panjin Sincen in China
Saudi Aramco signed an agreement to form a joint venture with NORINCO Group and Panjin Sincen to develop a fully integrated refining and petrochemical complex, located in the city of Panjin in the Lia...
2/22/2019 - Mergers and Acquisitions - China
Aramco Signs Agreements to Acquire Stake in Zhejiang Integrated Refining & Petrochemical Complex
Saudi Aramco signed three Memoranda of Understanding (MoUs) aimed at expanding its downstream presence in the Zhejiang province, one of the most developed regions in China. The company aims to acquire...
2/22/2019 - Acquisitions and Divestitures - China
ADNOC Refining Awards Design Contract for New Refinery in Ruwais
ADNOC Refining took a step closer to building the world’s largest integrated refining and petrochemicals complex, in Ruwais, when it awarded a Pre-Front End Engineering and Designing (Pre-FEED) contra...
2/21/2019 - FEED - United Arab Emirates
FluidOil Signs MOU with National Oil Corporation of Libya
FluidOil and National Oil Corporation (NOC) is pleased to announce that a Memorandum of Understanding (MOU) has been signed between FluidOil and National Oil Corporation of Libya to evaluate the devel...
2/20/2019 - Development - Libya
Gazprom Neft Increases Sales of Premium G-Energy Lubricants by 12% in 2018
Gazpromneft Lubricants, operator of the Gazprom Neft lubricants business, has increased sales of its premium G-Energy branded lubricants by 12 percent in 2018, to 52,000 tonnes. ...
2/19/2019 - Lubricants, Oils & Greases - Russia
Gazprom Neft’s Five-Millionth Tonne of Aviation Fuel Used in Refuelling at Sheremetyevo
Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has sold its five-millionth tonne of aviation fuel since starting operations at Sheremetyevo International Airport in 2012 ...
2/18/2019 - Fuel oil - Russia
High-Density Polyethylene Plant Constructed within SOCAR Polymer Project
• According to preliminary estimates, the SOCAR Polymer complex at maximum capacity has the capability to increase the export revenue of the country's non-oil sector by 18% and gross domestic product ...
2/18/2019 - Petrochemicals - Azerbaijan
QP Launches Localization Program for Services and Industries in the Energy Sector TAWTEEN
His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, launched Qatar Petroleum’s Localization Program for Services and Industries in the Energy Sect...
2/18/2019 - Investment - Qatar

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