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Middle East Oil & Gas News

Iraqi Oil Minister Expects Prices to Rise Over Time
Iraq >> 12/10/2018 - Iraqi Oil Minister Thamer Ghadhban said he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $45-50 per...
Kuwait Petroleum Aims to Produce 85,000 bpd of Heavy Crude by 2020/21
Kuwait >> 12/10/2018 - 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...
Australia Overtakes Qatar as World’s Biggest LNG Exporter
Qatar >> 12/10/2018 - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed. ...
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession
United Arab Emirates >> 12/9/2018 - 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...
Adnoc, Inpex Sign MOU on LNG bunkering Partnership
United Arab Emirates >> 12/6/2018 - Inpex Corporation (INPEX), it has signed a Memorandum of Understanding (MOU) with ADNOC Logistics & Services on LNG bunkering partnership in United Arab Emirates. Under the MOU, INPEX and ADNOC L&S, a...
Aramco Awards BHGE Major Well Services Contract for Conventional Fields
Saudi Arabia >> 12/4/2018 - Baker Hughes, a GE company has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimizing production from new and existing wells across conventional field...
Oil Firms Chosen to Expand Qatar's North Field Gas Reservoir to be Named Mid-2019
Qatar >> 12/3/2018 - The oil companies that Qatar selects to expand its north field natural gas reservoir will be announced in mid-2019, the country’s energy minister Saad al-Kaabi said. ...
Qatar to Withdraw from OPEC in January 2019
Qatar to Withdraw from OPEC in January 2019 Qatar >> 12/3/2018 - The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intention to withdraw from its Membership of OPEC, pursuan...
ADES Acquires 11 Onshore Drilling Rigs in the KSA
Saudi Arabia >> 12/3/2018 - ADES International Holding Ltd., a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has completed the acquisition of eleven onshore rigs from Wea...
Oman to Offer Six New Oil Blocks for Investment
Oman >> 12/2/2018 - Oman has announced plans to offer six new oil and gas blocks for investment as part of the 2019 Licensing Round due to be unveiled in the first quarter of next year. The new blocks — distributed acros...
Iraq's Basra Gas Co Output to Reach 1,050 mcf/d by End-2018
Iraq >> 11/29/2018 - Output from Iraq’s Basra Gas Company (BGC) is expected to reach 1,050 million standard cubic feet per day (mcf/d) by the end of 2018, an increase of 150 million mcf/d from current levels, the oil mini...
Kuwait Renews Gas Oil Supply Contract with Lebanon
Kuwait >> 11/29/2018 - Kuwait Petroleum Corporation has renewed its contract with Lebanon’s energy ministry to supply Lebanon’s state electricity company with gas oil for a year at international market prices, Kuwait News A...
Weir Signs $4M Deal with Major International Oil Company in Iraq
Iraq >> 11/28/2018 - Weir Oil & Gas Dubai has signed a multi-year contract in Iraq totaling more than $4 million USD with a major international oil company. The contract secures the provision of Weir Oil & Gas workshop se...
Sapura Energy to Join Saudi Aramco’s Long-term Agreement Programme
Saudi Arabia >> 11/28/2018 - Sapura Energy Berhad (Sapura Energy) marked a significant milestone in its growth strategy when its wholly-owned subsidiaries, Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, were selected to join...
Iraq Approves $156.74M Drilling Deal for West Qurna 2 Oilfield
Iraq >> 11/27/2018 - Iraq has approved a $165.74 million drilling deal with China’s Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said. ...
Energean Announces First Steel Cut on Karish & Tanin FPSO
Israel >> 11/27/2018 - Energean Oil and Gas plc (ENOG) is pleased to announce that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, o...
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers Saudi Arabia >> 11/26/2018 - 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...
Boskalis, Lamprell Awarded Long-term Deal with Saudi Aramco
Boskalis, Lamprell Awarded Long-term Deal with Saudi Aramco Saudi Arabia >> 11/26/2018 - Lamprell with its partners has been selected as a contractor on Saudi Aramco's Long Term Agreement for Offshore Facilities (LTA) programme. ...
BHGE Recognized for Localization Efforts in Saudi Arabia
BHGE Recognized for Localization Efforts in Saudi Arabia Saudi Arabia >> 11/26/2018 - Baker Hughes, a GE company received recognition for its localization efforts and announced a series of agreements at Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) Forum. The agreements are in line...
ADNOC Awards 10% Stake in Mega Ghasha Gas Project to Wintershall
ADNOC Awards 10% Stake in Mega Ghasha Gas Project to Wintershall United Arab Emirates >> 11/26/2018 - 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...
ADNOC Inaugurates New Taweelah Gas Compression Plant
ADNOC Inaugurates New Taweelah Gas Compression Plant United Arab Emirates >> 11/25/2018 - 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...
Dana Gas Announces 30% Increase in Kurdistan Production Capacity
Iraq >> 11/21/2018 - Dana Gas, the Middle East's leading publicly-listed regional natural gas company, and its partner Crescent Petroleum, have announced achievement of a 30% increase in production capacity at the Khor Mo...
Subtech Group Wins Subsea Contracts in Middle East
Saudi Arabia >> 11/21/2018 - Subtech Group, part of James Fisher and Sons plc, has been awarded multi-million dollar contracts with a major oil and gas contractor, supporting a number of offshore and subsea projects across the Mi...
Polarcus Awarded High Resolution 3D Project
United Arab Emirates >> 11/21/2018 - Polarcus Limited announces that an award has been received to perform a high resolution 3D marine seismic acquisition project in North America. The project duration is approximately 45 days and is exp...
Zion Oil & Gas Announces Operational Update
Israel >> 11/20/2018 - Zion Oil & Gas, Inc. (ZN) announces that it has completed the testing program of its primary zones located within the Jurassic and Cretaceous-age Formations of the Megiddo-Jezreel #1 (MJ #1) well. ...
KOC Signs $1.3 billion Contracts to Buy over 86 Drilling Rigs
Kuwait >> 11/19/2018 - Kuwait Oil Company (KOC) recently signed contracts to buy over 86 drilling rigs, which is the largest order in KOC’s history with a total value of $1.3 billion, company CEO Jamal Jaafar said. He also ...
TechnipFMC Breaks Ground on New Manufacturing, Aftermarket & Training Facility in Saudi Arabia
Saudi Arabia >> 11/19/2018 - TechnipFMC has broken ground on its new state-of-the-art manufacturing, aftermarket and training facility in Dhahran in the eastern region of Saudi Arabia. ...
ShaMaran Acquires Larger Stake in Atrush Block
Iraq >> 11/18/2018 - ShaMaran Petroleum Corp. refers to the agreement announced on June 4, 2018 whereby the Company’s wholly owned subsidiary, General Exploration Partners, Inc. (“GEP”), agreed in a sale and purchase agre...
Energean Oil and Gas Announces Operational Update
Israel >> 11/15/2018 - Energean Oil and Gas plc (ENOG) is pleased to issue the following Trading Update for the period from 1 July to 13 November 2018. The Group will publish a Trading Statement and Operational Update on 16...
ADNOC & Mubadala to Jointly Explore Global Investment and Growth Opportunities
United Arab Emirates >> 11/14/2018 - The Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) signed a framework agreement to explore together potential global growth opportunities that build on Mubadala’s di...
ADNOC Signs Hail, Ghasha and Dalma Ultra-Sour Gas Concession with Eni
United Arab Emirates >> 11/13/2018 - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of a series of concession agreements with Italy’s multinational oil and gas company, ENI, awarding it a 25...
Wood Awarded Contract Extension for Upper Zakum Oil Field Project
United Arab Emirates >> 11/13/2018 - Wood has secured a multimillion dollar contract extension from ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), for services to the UZ750 mega project offshore Abu Dhabi. ...
Saudi Aramco & ADNOC Sign Framework Agreement
Saudi Aramco & ADNOC Sign Framework Agreement Saudi Arabia >> 11/12/2018 - Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) signed a framework agreement to explore opportunities for collaboration in the Natural Gas and Liquefied Natural Gas (LNG) sector.

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ABB Wins $79M Order for Bab Onshore Project in Abu Dhabi
United Arab Emirates >> 11/12/2018 - ABB has been awarded an integrated automation, electrification and telecommunication order in Q2 2018, valued at US$79 million, for the upgrade of the Bab Onshore Field in Abu Dhabi, by China Petroleu...
Wood Secures USD53 million of Contracts Supporting ADNOC Onshore
United Arab Emirates >> 11/12/2018 - Wood has been awarded three new call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC). ...
Arabtec Unit Wins $142mn Contract from Tecnicas Reunidas
United Arab Emirates >> 11/12/2018 - ADNOC ONSHORE has issued a Letter of Award (LOA) to Tecnicas Reunidas for the execution of the facilities for the Bu Hasa Integrated Field Development Project in UAE.

ADNOC ONSHORE ha...

Africa Oil & Gas News

Rig Preparing to Spud OSMU-1 Well on OML 18
Nigeria >> 12/10/2018 - San Leon Energy plc, the AIM listed company focused on oil and gas development and appraisal in Africa, announced on 25 September 2018 that Eroton, the operator of the OML 18 licence, onshore Nigeria,...
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession Egypt >> 12/9/2018 - Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour Nort...
Protesters Force Shutdown at Libyan El Sharara Oilfield
Libya >> 12/9/2018 - Tribesmen staging a protest at Libya’s 315,000 barrels-a-day El Sharara oilfield are forcing workers to shut down production, two Libyan oil officials and a spokesman for the protesters said. ...
QP Signs Agreement Marking its First Entry into the Republic of Mozambique
Mozambique >> 12/8/2018 - 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...
Cameroon Drilling Contract for the Proposed NJOM-3 Well
Cameroon >> 12/7/2018 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce that its wholly owned subsidiary, Tower Resources Cameroon S.A, has signed a contract with Vant...
Sound Energy Spuds TE-10 Well in the Greater Tendrara Permit
Morocco >> 12/7/2018 - Sound Energy, the Moroccan focused upstream gas company, has confirmed that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.
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Tullow Seeking Partners in Bid for Additional Ghana Block
Ghana >> 12/6/2018 - UK oil explorer Tullow Oil is seeking partners in a bid to acquire a new oil block in Ghana which launched its first oil bidding round in October, the company’s managing director Kweku Awotwi said on ...
Eland Oil & Gas Provides Ubima Appraisal Update
Nigeria >> 12/6/2018 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, through its subsidiary Wester Ord Oil & Gas Nigeria Limited, partnered w...
Norway's Equinor to Start Talks with Tanzania over LNG Project
Tanzania >> 12/4/2018 - Norway’s Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday. ...
Spanish Interest to Invest in the Oil & Gas Industry in Egypt
Spanish Interest to Invest in the Oil & Gas Industry in Egypt Egypt >> 12/3/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with the Spanish Ambassador to Egypt, Ramon Gil-Casares, ways of boosting economic relations between the two countries in th...
First Oil Cargo Offloaded from BW Adolo FPSO
Gabon >> 12/3/2018 - BW Offshore is pleased to announce that the first cargo of oil was successfully offloaded from the BW Adolo FPSO on 2 December. A total of 550,000 bbls of oil were transferred from the FPSO to a tanke...
Predator Oil & Gas Awards New Permit Onshore Morocco
Morocco >> 11/30/2018 - Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, with a portfolio of attractive upstream gas assets adjacent to European gas infrastructure entry points, is pleased to anno...
South Africa Agrees to Process Some Gas, Oil Exploration Licences
South Africa >> 11/29/2018 - South Africa will relax a moratorium on gas and oil exploration licences implemented earlier this year to allow exploration and production applications already in the system to be granted, a governmen...
Aquaterra Energy Lands Double Platform Contract in Nigeria
Nigeria >> 11/27/2018 - Aquaterra Energy has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer and install two non-identical Sea Swift conductor-supported offs...
Sonatrach & Citic Company Sign $6B Agreement for Building Phosphate Complex
Sonatrach & Citic Company Sign $6B Agreement for Building Phosphate Complex Algeria >> 11/26/2018 - 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...
Anglo African Resumes Drilling at its Tilapia Site
Congo >> 11/26/2018 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that drilling operations have now recommenced on well TLP-103C ('TLP-103C' or 'the Well') at its Tilapia site ...
OPL 310 Licence Relief from Expiration
Nigeria >> 11/26/2018 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, announces that the Company has written to the Federal Ministry of Petroleum Resources for a relief from ...
Sonatrach & Eni Sign Several Cooperation Agreements
Algeria >> 11/25/2018 - 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-...
Egypt Says U.S. Oil Firms Showing Appetite for Offshore Projects
Egypt Says U.S. Oil Firms Showing Appetite for Offshore Projects Egypt >> 11/24/2018 - Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum ...
Equatorial Guinea Congratulates TechnipFMC & Schlumberger
Equatorial Guinea >> 11/22/2018 - The Minister of Mines and Hydrocarbons has commended international oil services companies Schlumberger and TechnipFMC on their proactive measures taken to comply with Equatorial Guinea’s local content...
Equatorial Guinea Punishes Subsea 7 over Laws on Local Jobs
Equatorial Guinea >> 11/22/2018 - Equatorial Guinea has ordered energy operators to stop doing business with oil and gas service firm Subsea 7 for failing to comply with local laws aimed at creating more jobs for locals, the oil minis...
African Petroleum Relinquishes Licences Offshore Sierra Leone
Sierra Leone >> 11/22/2018 - African Petroleum Corporation Limited issues the following update with regards to its two operated licences in Sierra Leone. ...
BP to Invest $1b in South Africa, Including Refinery Upgrade
South Africa >> 11/22/2018 - BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulfur diesel, its ch...
ABB´s Tmax XT Circuit-Breakers Communicate Conveniently via all Common Bus Systems
Swaziland >> 11/22/2018 - ABB's new Tmax XT series of Molded Case circuit-breakers, combine the finest protection that has always characterized ABB’s molded case circuit breakers with the most precise metering and connectivity...
Sharara Sub-Station Attacked by Armed Group
Libya >> 11/21/2018 - National Oil Corporation (NOC) subsidiary Akakus confirms that Sharara oilfield sub-station B-6NC-186 was attacked around 3 pm on Tuesday, November 20, 2018, by an armed group of eight men. No employe...
Aminex Provides Update on Ruvuma Farm out
Tanzania >> 11/21/2018 - Aminex has announced that, further to the binding agreement signed in July 2018 for the farm-out of 50% of its working interest in the Ruvuma PSA to The Zubair Corporation, the parties have mutually a...
Africa Focused Energy Producer NewAge to Sell Congo Field
Congo >> 11/20/2018 - NewAge is seeking to sell its stake in the Marine XII oil block, a concession off the coast of the Republic of Congo that the Africa-focused energy group jointly owns with Italy’s ENI, two financial s...
Shelf Drilling Secures Contract Extension on the Trident XIV Jack-up Rig
Nigeria >> 11/20/2018 - Shelf Drilling, Ltd. has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria. The expected availability ...
Mulla & Fannon Discuss Boosting Oil & Gas Cooperation
Mulla & Fannon Discuss Boosting Oil & Gas Cooperation Egypt >> 11/19/2018 - Petroleum Minister Tareq el Mulla had talks with US Assistant State Secretary for Energy Resources Francis R. Fannon on means of promoting cooperation in the oil and natural gas domains in view of ong...
TransGlobe Announces Test Results for Oil Discovery in Egypt
TransGlobe Announces Test Results for Oil Discovery in Egypt Egypt >> 11/19/2018 - TransGlobe Energy Corporation announces the test results for the South Ghazalat 6X oil discovery. As announced on November 8th, 2018, the Company drilled the SGZ 6X exploration well to a total depth o...
Sound Energy's TE-9 Well in the Greater Tendrara Disappoints
Morocco >> 11/19/2018 - Sound Energy, the Moroccan focused upstream gas company, announces the results of the TE-9 wireline log interpretation. TE-9 is the first of a three well programme to explore three non-related play co...
Eland Provides Update on Development Operations at Gbetiokun field
Nigeria >> 11/16/2018 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce, through its joint-venture subsidiary, Elcrest Ex...
Indorama Ventures Acquires 74% in Egypt’s Medco Plast
Indorama Ventures Acquires 74% in Egypt’s Medco Plast Egypt >> 11/14/2018 - Indorama Ventures Public Company Limited (IVL) has completed the acquisition of 74% of the share capital of Medco Plast for Packing and Packaging Systems S.A.E. (Medco Plast) from Middle East Glass Ma...
Rockhopper Provides Update on Egypt Operations
Rockhopper Provides Update on Egypt Operations Egypt >> 11/12/2018 - Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, provides the following operational and corporate update in rela...
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala Egypt >> 11/12/2018 - The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi,...
Eland Oil & Gas Confirms OML 40 Licence Renewal
Nigeria >> 11/12/2018 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced, through its joint-venture subsidiary, Elcrest Exploration...
Egypt’s Revenues $1b Monthly from Oil Companies
Egypt >> 9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partner’s oil and gas revenues of US$1 billion per month and is repaying around $700...

Asia Oil & Gas News

Coro Energy to Conduct Technical Study Offshore Malaysia with Petronas
Malaysia >> 12/10/2018 - Coro has agreed with Petroliam Nasional Berhad (PETRONAS) to conduct a joint technical study over Block 2A, Offshore Malaysia. ...
IQ3 Actuators Supplied to Chinese Oil Refinery
China >> 12/7/2018 - Rotork IQ3 electric actuators are being used to control the flow of crude and product oil at a refinery in Zhoushan, China. More than 2,500 Rotork IQ3 electric actuators have been installed at a Chine...
Marubeni Finalizes Project Finance Agreement in Indonesia
Indonesia >> 12/7/2018 - Marubeni Corporation (Marubeni) is pleased to announce that PT Jawa Satu Power, which is owned in consortium by Marubeni, PT Pertamina (Persero) (hereinafter, “Pertamina”) and Sojitz Corporation (here...
Ophir Energy Increases Production at Bualang Field, Offshore Thailand
Thailand >> 12/7/2018 - Ophir has provided an update on recent drilling activity in Indonesia and Thailand: Paus Biru Gas Discovery, Sampang PSC, Indonesia ...
SOCAR Selects Honeywell for Heydar Aliyev Modernization Project
SOCAR Selects Honeywell for Heydar Aliyev Modernization Project Azerbaijan >> 12/6/2018 - Honeywell announced today that the State Oil Company of Azerbaijan Republic (SOCAR) will use Honeywell UOP’s Pressure Swing Adsorption (PSA) technology to supply high-quality hydrogen as part of the m...
Petrofac Secures Operations & Maintenance Support Services Contract with TAP
Petrofac Secures Operations & Maintenance Support Services Contract with TAP Azerbaijan >> 12/6/2018 - Petrofac’s Engineering & Production Services (EPS) East division has secured an operations and maintenance support services contract with Trans Adriatic Pipeline (TAP) AG. The 13 month contract is in ...
Sapura Energy Awarded Contract for ONGC's KG-DWN-98/2 NELP Block
India >> 12/6/2018 - The Board of Directors of Sapura Energy Berhad has announced that its wholly-owned subsidiary, Sapura Fabrication Sdn Bhd jointly in a consortium with Afcons Infrastructure Limited, the flagship Engin...
Iran Expects OPEC Exemption from New Oil Output Deal
Iran >> 12/6/2018 - 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...
Saudi & Russia Leave World Guessing After OPEC Meeting
Russia >> 12/6/2018 - OPEC has tentatively agreed on oil output reduction but is reportedly waiting for Russia to declare its commitment before deciding the exact volumes for a cut aimed at propping up crude prices. ...
Staff Nationalization Strategy in Oil and Gas Industry
Azerbaijan >> 12/5/2018 - R. Abdullayev: ''By the end of the year, foreign oil and gas companies staff in Azerbaijan will be 90% nationalized'' ...
LyondellBasell Grants Spherizone License to China Petroleum Materials Limited Corporation
China >> 12/5/2018 - LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, today announced that China Petroleum Materials Limited Corporation (CPMC) and Petrochina Liaoyang Petr...
James Fisher Completes South China Project
China >> 12/5/2018 - James Fisher Ocean Team (JFOT) has completed its first excavation for COOEC Subsea in the South China Sea and the team is gearing up for additional projects in 2019. JFOT was established to provide an...
OPEC Players Frustrated with Saudis, Russia
Iran >> 12/5/2018 - 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...
Bovanenkovskoye Field’s Final Gas Facility & Ukhta – Torzhok 2 Gas Pipeline Brought into Operation
Russia >> 12/5/2018 - Today, an official ceremony was held at the Bovanenkovskoye field to celebrate the commissioning of the field’s third and final gas production facility and the Ukhta – Torzhok 2 gas trunkline. ...
Gazprom & Yamal-Nenets Autonomous Area Sign Cooperation Agreement for 2019
Russia >> 12/5/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Artyukhov, Governor of the Yamal-Nenets Autonomous Area (YaNAA), took place today at the Bovanenkovsko...
Ahmad Muhammadi Assigned as NISOC CEO
Iran >> 12/4/2018 - CEO of the National Iranian Oil Company Masoud Karbasian appointed Ahmad Muhammadi as the new CEO of National Iranian South Oil Company (NISOC). Muhammadi replaced Bijan Alipour who left his post aft...
Reach Energy Makes New Oil Discovery at North Kariman-3
Kazakhstan >> 12/4/2018 - Reach Energy has announced that its exploration well, North Kariman-3 ('NK-3'), located in the North Kariman field in the onshore Emir Oil Concession Block in Kazakhstan, has yielded positive results ...
LUKOIL & KazMunayGas Sign Agreements on the Zhenis Project
Kazakhstan >> 12/4/2018 - LUKOIL and KazMunayGas have signed agreements on joint cooperation and financing of the Zhenis project in the Kazakhstan's sector of the Caspian Sea. The documents set the terms of the block's develop...
Cue Energy Completes Paus Biru-1 Testing
Indonesia >> 12/3/2018 - JV partner Cue Energy Resources, through its 100% owned subsidiary Cue Sampang, has provided information that Drill Stem Testing (DST) of the Paus Biru-1 exploration well, as announced on 13 November ...
Hanwha Total Petrochemical Invests in a New Polypropylene Plant
South Korea >> 12/3/2018 - Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly $500 million to further expand its Daesan integrated refining and petrochemical complex in South Korea. T...
New NIOC CEO Appointed
Iran >> 12/1/2018 - 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 ...
GEECL to Invest $2 Billion to Exploit Shale Reserves
GEECL to Invest $2 Billion to Exploit Shale Reserves India >> 11/30/2018 - Great Eastern Energy Corp (GEECL) will invest up to USD 2 billion over the next 10 years in its Raniganj (south) block in West Bengal to exploit shale gas reserves, its chief executive Prashant Modi s...
Gazprom’s Gas Exports to Hungary in 2018 Exceed Last Year’s Total
Russia >> 11/30/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Norbert Konkoly, Ambassador Extraordinary and Plenipotentiary of Hungary to the Russian Federation, took plac...
Exillon Energy's October Production Report
Russia >> 11/30/2018 - Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce unaudited p...
Final Investment Decisions Made for Baltic Pipe Project
Russia >> 11/30/2018 - The Polish and Danish gas transmission system operators: GAZ-SYSTEM and Energinet have both made positive investment decisions and agreed to implement the joint Baltic Pipe project. The pipeline will ...
JA Solar Signs Supply Contract for Solar Project in Vietnam
Vietnam >> 11/30/2018 - JA Solar Holdings has entered into an agreement with Shanxi Electric Power Engineering Co. Ltd (SEPEC), a subsidiary of China Energy Engineering Group, to supply high-efficiency mono PERC modules for ...
Gazprom Management Committee Reviews Progress of Nord Stream 2 Project
Russia >> 11/29/2018 - The Gazprom Management Committee reviewed the progress of the Nord Stream 2 project. ...
Biological Treatment Facilities Launched at SIBUR's Perm Site
Russia >> 11/29/2018 - Maxim Reshetnikov, Perm Territory Governor, and Dmitry Konov, Chairman of the Management Board of SIBUR Holding, launched biological treatment facilities at SIBUR-Khimprom. The Company was also repres...
First Russian-Chinese Energy Business Forum Closes in Beijing
Russia >> 11/29/2018 - 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...
Rosneft & Chinese Hengli Group Signed a Cooperation Agreement
Russia >> 11/29/2018 - 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 ...
Rosneft & Beijing Gas Set Up a Joint Venture to Develop a Network of CNG Filling Stations
Russia >> 11/29/2018 - 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...
Rosneft & CNPC Chairman Wang Yilin Hold Working Meeting
Russia >> 11/29/2018 - 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...
Rosneft & ChemChina Sign an Oil Supply Contract
Russia >> 11/29/2018 - 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...
Igor Sechin Meets with the First Vice Premier of the State Council of China
Russia >> 11/29/2018 - 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...
Innovative Methods of Tight Gas Development win Top Science and Technology Prize
Russia >> 11/29/2018 - The award ceremony for the 2018 edition of Gazprom’s Science and Technology Prize took place at the meeting of the Company’s Management Committee. The paper entitled “Creating and adopting innovative ...
KBR Awarded Ammonia Plant Revamp Contract in India
India >> 11/28/2018 - KBR, Inc. (KBR) has been awarded a contract to supply proprietary equipment to Southern Petrochemical Industries Corporation Ltd. India for its plant located in Thoothukudi in the State of Tamil Nadu....
Yokogawa & Sphera Reach Agreement to Provide Risk Assessment
Japan >> 11/28/2018 - Yokogawa Electric Corporation announces that it has reached a go-to-market agreement with Sphera Solutions, Inc., a leading provider of integrated risk management software and information services foc...
I-Tech Services Wins First Contract Under New Vessel Charter Agreement
Malaysia >> 11/28/2018 - Following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year, i-Tech Services’ MMA Pinnacle has secured its first inspection, repair and maintenance (IRM)...
Caspian Sunrise Provide BNG Operational Update
Russia >> 11/28/2018 - The Board of Caspian Sunrise is pleased to provide the following update at its BNG Contract Area: ...
Alexey Miller & Turkmen President Gurbanguly Berdimuhamedov Discuss Cooperation in Gas Sector
Russia >> 11/28/2018 - A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to Turkmenistan today. ...

Global Oil & Gas News

President Energy Provides Update on its Drilling Programme in Rio Negro Province
Argentina >> 12/7/2018 - President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided an update relating to its Concessions in R...
Premier Oil Announces Completion of the Babbage Area Sale
Norway >> 12/7/2018 - Completion of the Babbage Area sale: Premier has announced that following receipt of necessary approvals, the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus) has no...
Equinor Gets Approval for Troll Phase 3 Development
Norway >> 12/7/2018 - The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures of NOK 7.8 billion will help extend the productive...
McDermott Secures FEED Contract for the Davis Refinery
United States >> 12/7/2018 - McDermott International has announced a sizeable* contract award for front-end engineering design (FEED) services of the Davis Refinery Project in Billings County, North Dakota, a grassroots refinery ...
Sparrows Signs 5-Year Servicing Order with Pemex Procurement International, Inc.
Mexico >> 12/6/2018 - Sparrows Group has signed a five-year blanket order with Pemex Procurement International, Inc. acting on behalf of Pemex Exploracion y Produccion (PEP) to service 41 of its cranes situated on assets i...
Siemens Wins Order for its Largest Offshore Grid Connection in UK To Date
United Kingdom >> 12/6/2018 - Siemens has been awarded an order to connect the 950MW Moray East offshore wind farm to the grid. Moray East is being developed by a joint venture company owned by EDP Renewables, a subsidiary of the ...
Equinor to Invest NOK 1.4 billion to Boost Vigdis Field Production
Norway >> 12/5/2018 - The Vigdis field has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million barrels. Equinor and its partners have decided to inv...
Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.
United States >> 12/5/2018 - Transocean Ltd. has completed the acquisition of Ocean Rig UDW Inc. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specif...
YPF & Petronas Begin $2.3B Development Plan in Neuquen
YPF & Petronas Begin $2.3B Development Plan in Neuquen Argentina >> 12/4/2018 - YPF and Petronas ratified the start of the massive development phase of the shale oil project that they are carrying out in the La Amarga Chica block, Neuquen province. ...
Santos Planning Two Dorado Appraisal Wells in 2019
Australia >> 12/4/2018 - JV partner Carnarvon Petroleum has advised that the contract for the Noble Tom Prosser jack-up drilling rig has been secured. The shallow water depths mean that the Joint Venture is able to utilise a ...
CGG & OMV Continue Cooperation with Multi-Year Extension of Dedicated Center
France >> 12/4/2018 - CGG has announced that its contract with OMV to operate a dedicated center at its head office in Vienna has been renewed. The contract will run for a further three years. During this period OMV will c...
NOV & Schlumberger Were Awarded Wired Drill Pipe Contracts
Norway >> 12/4/2018 - Equinor is stepping up its use of wired drill pipe to acquire subsurface real-time data during drilling operations, in line with the corporate digitalisation strategy and to prepare for automated dril...
SKF Offers New Compact Metering Device for Single-Line Lubrication Systems
Sweden >> 12/4/2018 - SKF announced the introduction of its Lincoln SLC metering device for grease. Developed for use in single-line lubrication systems, this compact metering device features a compact and modular design f...
Europa Oil & Gas Provides Update on its UK & Ireland Operations Ahead of its AGM
United Kingdom >> 12/4/2018 - Europa Oil & Gas, the AIM quoted UK and Ireland-focussed oil and gas exploration and production company, is holding its Annual General Meeting (‘AGM’) later today. At the meeting, Simon Oddie, Chairm...
Apache Achieves First Oil at Garten Development in UK
United Kingdom >> 12/4/2018 - Apache Corporation (APA) announced it has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The discovery well, which is located 6 k...
Otto Energy Commences Drilling the Second Well in Hilcorp Program
United States >> 12/4/2018 - Otto Energy Limited (OEL) (Otto) is pleased to advise that the initial exploration well, Green #1 in Matagorda County Texas, testing the Lightning prospect has commenced drilling from an onshore rig. ...
ExxonMobil Increases Stabroek Resource Estimate to 5 Billion Barrels
Guyana >> 12/3/2018 - ExxonMobil said it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. ...
Talos Energy Announces Commencement of Zama Appraisal Program
Mexico >> 12/3/2018 - Talos Energy Inc.(TALO) announced that the Zama-2 appraisal well was spud on Thursday, November 29, 2018. The spudding of the Zama-2 well marks the commencement of the Zama discovery appraisal program...
Siemens & Aker Solutions to Strengthen Digital Offerings Through Strategic Collaboration
Norway >> 12/3/2018 - Siemens and Aker Solutions have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services. The collaboration focuses on the creation of so...
Frontera Announces an Update on Block 192 in Peru
Peru >> 12/3/2018 - Frontera Energy Corporation (FEC) ("Frontera") announces an update on Block 192 in Peru ("Block 192"). ...
EnQuest Completes Magnus Oil Field Transaction
United Kingdom >> 12/3/2018 - EnQuest PLC, an independent oil and gas production and development company listed on the London and Stockholm stock exchanges, has completed the acquisition of the remaining 75% interest in the Magnus...
Petrofac Awarded North Sea Contract Extension by TAQA
United Kingdom >> 12/3/2018 - Petrofac’s Engineering and Production Services (EPS) business has secured a Condition Monitoring contract renewal from TAQA in the UK following competitive tender. ...
Murphy Oil Closes GOM JV with Petrobras
United States >> 12/3/2018 - Murphy Oil Corporation (MUR) announced that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico joint ve...
Woodside Selects Jacobs to Deliver Brownfields Engineering & Procurement Services
Australia >> 12/2/2018 - Jacobs Engineering Group Inc. (JEC) has been awarded a three-year outline agreement from Woodside Energy Limited to provide brownfields engineering and procurement services for the Karratha Gas Plant ...
Tap Oil Sells WA-33-R Interest to Santos and Quadrant
Australia >> 11/30/2018 - Tap Oil Limited (Tap), consistent with its strategy to monetize and rationalise its Australian portfolio, has entered into a Sale and Purchase Agreement (SPA) for the sale of its 22.474% non-operated ...
Providence Resources Reschedules Barryroe Well Site Survey
Ireland >> 11/30/2018 - Providence Resources, the Irish based Oil & Gas Exploration Company, has provided an update on the planned well site survey operations over Standard Exploration Licence ('SEL') 1/11 that contains the ...
Shell Completes Divestment of Upstream Interests in Ireland for up to USD1.30B
Ireland >> 11/30/2018 - Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corri...
Global Petroleum Wins Appeals Against Environmental Decrees in Italy
Italy >> 11/30/2018 - Global Petroleum has announced that two appeals against the Environmental Decrees for its applications in the Southern Adriatic have been rejected by the Administrative Tribunal In Rome. These two app...
Shell Completes Sale of Draugen and Gjoa Interests to OKEA
Norway >> 11/30/2018 - A/S Norske Shell has completed the sale of its interests in the Draugen and Gjoa fields in Norway for 4,52 Billion NOK (~US$526 million*) to OKEA AS. ...
Serica Energy Acquires Interests in Bruce and Keith Fields from Total, BHP and Marubeni
United Kingdom >> 11/30/2018 - Serica Energy plc announced that subsequent to the Company’s announcement earlier today relating to completion of Serica Energy (UK) Limited’s acquisition of BP’s interests in the Bruce, Keith and Rhu...
Serica Energy Completes Acquisition of BP's Interests in Bruce, Keith and Rhum Fields
United Kingdom >> 11/30/2018 - Serica Energy has announced the completion of the acquisition of interests in the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP ('BKR Acquisition') by Serica E...
DOF Subsea Asia Pacific Awarded IMR Contract Extension by Chevron
Australia >> 11/29/2018 - DOF Subsea Australia Pty Ltd’s existing Subsea Inspection, Maintenance and Repair Contract with Chevron Australia has been extended. ...
Air Liquide Signs Long-Term Power Purchase Agreement for Renewable Electricity
France >> 11/29/2018 - Air Liquide announced today a new agreement to purchase 50 megawatts (MW) of renewable wind electricity from a subsidiary of NextEra Energy Resources, LLC, the world’s largest generator of renewable e...
Diamondback Energy Completes Acquisition of Energen
United States >> 11/29/2018 - Diamondback Energy, Inc. has completed its acquisition of Energen Corporation. The merger was previously approved by Diamondback stockholders and Energen shareholders at special meetings held on Novem...
Transocean Ltd. Shareholders Approve Acquisition of Ocean Rig UDW Inc.
United States >> 11/29/2018 - Transocean Ltd. announced today that its shareholders approved the acquisition of Ocean Rig UDW Inc. (Ocean Rig), by approving the proposals presented at Transocean’s Extraordinary General Meeting. ...
President Energy Provides Acquisition Update in Argentina
Argentina >> 11/28/2018 - President Energy (PPC) provides details on the completion of the acquisition of its interests in the Las Bases and Puesto Prado Concessions, Rio Negro Province, Argentina (President Operator and 90%, ...
Petrobras Sells Stakes in 34 Onshore Fields in Rio Grande do Norte
Brazil >> 11/28/2018 - Petrobras announces that its Board of Directors approved yesterday the full sale of its stake in 34 onshore production fields, located in the Potiguar Basin, in Rio Grande do Norte state, to the compa...
Petrobras Sells Stakes in 3 Shallow Water Fields in Campos Basin
Brazil >> 11/28/2018 - Petroleo Brasileiro S.A.- Petrobras reports that it has signed today with Perenco the contracts for the full sale of Petrobras’ stake in the fields of Pargo, Carapeba and Vermelho, the so-called Polo ...
Completion of Total Farm-Out on Eco's Orinduik Block
Guyana >> 11/28/2018 - Eco (Atlantic) Oil & Gas Ltd (Eco Atlantic) (EOG) is pleased to announce the completion of its Farm-Out Agreement with Total Petroleum's subsidiary Total E&P Activites Petrolieres (Total) on Eco's Ori...
Pemex Triples Size of Biggest Onshore Find in 25 Years
Mexico >> 11/28/2018 - Pemex has more than tripled its estimated reserves in its Ixachi field. The company now believes the onshore field in Veracruz contains 1.3 billion barrels of oil equivalent in proven, probable and po...

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