Development News
| Canada >> 9/9/2024 - • Increased August average production to ~40,000 boe/d (based on internal field estimates) • Grew Peace River total average production to ~11,500 boe/d, which included ~3,800 boe/d of Clearwate... |
| Cyprus >> 9/1/2024 - Further to Section 7.3.11 of the Partnership’s periodic report as of 31 December 2023, as released on 19 March 2024 (Ref. no.: 2024-01-027798) (the “Periodic Report”), the Partnership’s immediate repo... |
| Norway >> 8/27/2024 - This year’s Improved Recovery Award goes to the licensees on the Valhall and Hod fields in the North Sea. These fields have produced almost four times more oil and gas than the estimates in... |
| Norway >> 8/27/2024 - “Congratulations, Team Valhall and Hod – this award is for you!” exclaimed Ole Johan Molvig, Senior Vice President for the Valhall area at Aker BP. On behalf of Aker BP and its partner Pandion, he acc... |
| Trinidad and Tobago >> 8/27/2024 - bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited (EOG) have agreed to partner on the Coconut gas development. Coconut will be a 50/50 joint venture with EOG as operator. The final inve... |
| Indonesia >> 8/23/2024 - Eni announces that the Indonesian authorities have approved the Plan of Development (POD) of the Geng North (North Ganal PSC) and Gehem (Rapak PSC) fields. The integrated development of the two fields... |
| Malaysia >> 8/21/2024 - PETRONAS and the Sarawak Forestry Corporation, a statutory body of the Sarawak Government, have signed a memorandum of understanding (MoU) to explore and develop Nature-based Solutions (NbS) projects ... |
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Egypt >> 8/20/2024 - Minister of Petroleum and Mineral Resources Karim Badawi has met with Hany Esmat, the CEO and Country Head of Operations at Petronas Egypt, where they discussed the joint projects and investment for d... |
| Russia >> 8/15/2024 - LUKOIL is expanding the use of artificial intelligence in managing oil and gas production in the Komi Republic, the Nenets Autonomous Okrug, as well as in the Perm Territory at the Batyrbayskoye, Shag... |
| Germany >> 8/14/2024 - Das Landesamt für Bergbau, Energie und Geologie (LBEG), part of the Lower Saxony Ministry for Economy,
Transport, Construction and Digitalization, has granted ONE-Dyas the permits for the development... |
| Russia >> 8/12/2024 - ???LUKOIL-PERM has been declared the winner of two auctions for the right to use the subsoil of the Yuliansky and Severo-Oblivsky subsoil areas in the Perm Territory. The Yuliansky s... |
| Australia >> 8/12/2024 - Arrow Energy, an incorporated joint venture between Shell (50%) and PetroChina (50%), has announced plans to develop Phase 2 of Arrow Energy’s Surat Gas Project in Queensland, Australia. Th... |
| Bahrain >> 8/11/2024 - Bapco Energies, the integrated energy company leading the energy transition in the Kingdom of Bahrain, announced the successful closing of a financial deal of US$ 500 million with the United States Ex... |
| United States >> 8/8/2024 - Prairie Operating Co. announced that it submitted the application for its second Oil and Gas Development Plan (OGDP), the Genesis II OGDP, with the Colorado Energy and Carbon Management Commission (CE... |
| Australia >> 8/6/2024 - Key points: - Environmental Authority (EA) awarded for development activities planned for Mahalo North PLA 1128. - The EA award is expected to be followed with the grant of ... |
| Iraq >> 8/6/2024 - Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul Ghani, received in his office, CEO of Schlumberger in Iraq, Mr. Waseem Al-Azem. During the meeting, they discussed the fra... |
| Iraq >> 8/5/2024 - Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul-Ghani, received today, Monday, the Chairman of the Wasit Governorate Council, Mr. Ali Hassan Sulaimon. During the meeting,... |
| Iraq >> 8/1/2024 - bp has signed a memorandum of understanding (MoU) with the Government of the Republic of Iraq to negotiate a material integrated redevelopment programme for the Kirkuk region, spanning oil and gas inv... |
| China >> 7/26/2024 - In the first half of this year, Changqing Oilfield achieved oil and gas equivalent growth of 1.28% year-on-year, completing 51.84% of the
annual plan. Since the b... |
| Trinidad and Tobago >> 7/24/2024 - bp, together with its partner the National Gas Company of Trinidad and Tobago (NGC), has been awarded an exploration and production license by the Bolivarian Republic of Venezuela for the development ... |
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