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National Oil Companies News and Press Releases

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
ENOC Group & Proserv Egypt Sign JV to Establish ENOC Misr
ENOC Group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt. The agreement marks ENOC Group’s physical pre...
2/18/2019 - Lubricants, Oils & Greases - Egypt
Gazprom Neft Introduces Digital Energy Standards in Its Refining Operations
A pilot “Digital Substation” IT suite has gone into operation at Gazprom Neft’s Omsk Refinery, with this new facility set to become a vital element in moving its energy control system to an entirely d...
2/15/2019 - Oil Treating & Refining - Russia
Aramco Commences Operations at Arabian Rig Manufacturing
Saudi Aramco and National Oilwell Varco Incorporated (NOV) recently held the first Arabian Rig Manufacturing (ARM) Board of Managers meeting. ARM is a newly formed company, a joint venture (JV) betwee...
2/15/2019 - Rigs - Saudi Arabia
Gazprom Neft Supports the Development of the Omsk Oblast
Gazprom Neft has concluded a cooperation agreement with the Government of the Omsk Oblast at this year’s Russian Investment Forum in Sochi, signed by Alexander Dyukov, CEO and Chairman of the Manageme...
2/14/2019 - Investment - Russia
Gazprom Neft’s Construction of A Catalyst Plant in Omsk Endorsed
Gazprom Neft, the Ministry of Industry and Trade of the Russian Federation and the Government of the Omsk Oblast have concluded a special investment contract on establishing a high-tech oil refining c...
2/14/2019 - Investment - Russia
Gazprom Neft to Increase Supplies of Innovative Bitumens & Lubricants to the Novosibirsk Oblast
Gazprom Neft has entered into an agreement with the Novosibirsk Oblast on supplying modern, high-technology bitumens for the region’s highways network, as well as supporting import substitution in lub...
2/14/2019 - Petrochemicals - Russia
Gazprom Neft Strengthens Its Partnership with Nizhny Novgorod Oblast
Gazprom Neft and the Government of the Nizhny Novgorod Oblast have concluded an agreement during this year’s Russian Investment Forum in Sochi on cooperating in supplying the region’s road-building in...
2/14/2019 - Lubricants, Oils & Greases - Russia
Gazprom Neft to Supply High-Tech Bitumens & Lubricants to Kurgan Oblast
Gazprom Neft has concluded agreements with the Government of the Kurgan Oblast on cooperating in supplying innovative bitumens, as well as on import substitution in lubricants. The document was signed...
2/14/2019 - Lubricants, Oils & Greases - Russia
Gazprom Neft Expands the Geographic Range of Its Social Projects in YaNAO
Gazprom Neft has signed a further partnership agreement on implementing social and economic projects with the Yamalo-Nenets Autonomous Okrug (YaNAO) in a document signed by Alexander Dyukov, CEO and C...
2/14/2019 - Oil Field Services - Russia
Gazprom Neft Establishes A “Cross-Industry Joint Technology Development Centre”
Gazprom Neft has entered into a cooperation agreement with the Administration of the Tomsk Oblast, signed at this year’s Russian Investment Forum by Gazprom Neft CEO and Chairman of the Management Boa...
2/14/2019 - Oil & Gas Companies - Russia
QP Signs 5-Year Light Naphtha Sale Agreement with Marubeni Corporation
Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to supply Japan’s Marubeni Corporation an annual total ...
2/13/2019 - Petrochemicals - Qatar
Nigeria to Boost Domestic Gas Supply by 600mmscfd
A major step on attaining sufficiency in domestic gas supply was taken by the Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja with the execution of Final Investment Decision (FID) on...
2/13/2019 - Investment - Nigeria
Nigeria & India Pledge Deeper Collaboration on Energy Sector
Nigeria and the Republic of India have pledged to work more closely to enhance energy security of both countries. The consensus came on the heels of a visit today in Abuja of the Indian High Commissio...
2/12/2019 - Oil & Gas Companies - India
Record Fishbone Built at East-Messoyakha Field
A unique for the industry multilateral well with eight branch holes by the fishbone* technology was built at East-Messoyakha field. The length of the productive hole is 5.1 km, the total drilling rate...
2/11/2019 - Oil Field Services - Russia
ADNOC Awards AED 5B Contract for Construction of Ghasha Concession Artificial Islands
The Abu Dhabi National Oil Company (ADNOC) announced the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development o...
2/6/2019 - Offshore Construction - United Arab Emirates
Rosneft increased its Proven Hydrocarbon Reserves by 4% in 2018
As of 31.12.2018, Rosneft SEC proven hydrocarbon reserves were 41,431 mmboe (5,597 mmtoe)*. The hydrocarbon reserves increased by 1,524 mmboe (202 mln toe) versus reserves as of 2017 end or by 4%. The...
2/4/2019 - Reservoir Engineering & Recovery Methods - Russia
Oxy Awarded Onshore Block 3 in ADNOC's Licensing Round
The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding an onshore block – known as Onshore Block 3 – to US based international oil and gas exploration and production company Occident...
2/2/2019 - Exploration - United Arab Emirates
SOCAR Turkey to Supply Natural Gas to Kayseri and Bursa
Turkey's largest foreign investor, SOCAR, has acquired EWE Turkey Holding and its group of companies, which manages the operations of the German energy company EWE AG in Turkey. “The purchase of this ...
1/30/2019 - Natural Gas - Azerbaijan
SOCAR Turkey to Supply Natural Gas to Kayseri & Bursa
Turkey's largest foreign investor, SOCAR, has acquired EWE Turkey Holding and its group of companies, which manages the operations of the German energy company EWE AG in Turkey. “The purchase of this ...
1/30/2019 - Mergers and Acquisitions - Azerbaijan
SOCAR Boosts Budget Payment for 2018 by More Than 6%
SOCAR contributed AZN 1.65 billion to the State Budget for 2018. Compared with the previous year’s figures, the company's budget payments grew by AZN 93.2 million, a rise of 6.2%. In addition, SOCAR’s...
1/29/2019 - Financials and Investment - Azerbaijan
Drilling & Production and Export Rates for 2018
• SOCAR conducted over 160,000 meters of drilling work in the year1 ...
1/29/2019 - Drilling - Azerbaijan
Gazprom Neft Continues the Development of Its Yamalo-Nenets Production Cluster
Gazprom Neft has won a licensing round for subsoil prospecting, exploration and production rights to the Severo-Stakhanovsky, Novoromanovsky and Puhutsyayakhsky blocks in the Yamalo-Nenets Autonomous ...
1/29/2019 - Development - Russia
MoU Signed Between SOCAR & JSC NC KazMunayGas
Representatives of SOCAR headed by the President Rovnag Abdullayev held a meeting in Baku with a delegation from Kazakhstan, led by Alik Aydarbayev, Chairman of the Management Board of the JSC Nationa...
1/28/2019 - Exploration - Azerbaijan
ADNOC Signs Strategic Agreements with Eni and OMV in Refining & Trading
The Abu Dhabi National Oil Company (ADNOC) signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new trading joint venture, which will be jointly established...
1/27/2019 - Oil Treating & Refining - United Arab Emirates
Rosneft Enters Into an Agreement for Operational Management Of An Oil Products Terminal
Rosneft and the Ministry of Energy and Water of the Lebanon Republic - Lebanon Oil Installations reached an agreement providing for the transfer into Rosneft’s operational management of the oil produc...
1/24/2019 - Transport of Hydrocarbons - Lebanon
Pertamina to Sign Rokan Oil Block Contract This Month
Indonesia’s state-owned energy company, Pertamina, expects to sign a production sharing contract for the Rokan oil block this month, a company director said. Indonesia’s energy ministry announced in J...
1/20/2019 - Acquisitions and Divestitures - Indonesia
Rosneft Deutschland Successfully Started Direct Marketing Operations
Rosneft Deutschland GmbH, a Rosneft subsidiary, started direct marketing operations in order to increase the efficiency. The company implemented marketing of all refined products produced by Rosneft ...
1/16/2019 - Financials and Investment - Russia
SOCAR’s Carbamide Plant Starts Operation
• Production at the SOCAR’s carbamide plant will eliminate the need for imports of nitrogen fertilizers, thereby reducing the country’s expenditures in foreign currency ...
1/16/2019 - Production - Azerbaijan
Gazprom Neft Introduces New Technologies for Developing Hard-to-Recover Reserves
Gazprom Neft’s Bazhenov Technology Centre has successfully tested eight new Russian drilling and downhole treatment technologies for developing non-traditional hydrocarbon reserves at the Bazhen Forma...
1/15/2019 - Software - Russia
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

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