Development News

Marathon Oil Announces Agreement to Further Develop Equatorial Guinea Gas Mega Hub
Equatorial Guinea >> 3/30/2023 - Marathon Oil Corporation through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy...
Indonesia Energy Announces Updates on Discovery Wells Drilled in 2022
Indonesia >> 3/27/2023 - Indonesia Energy Corporation (INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced updates on its discovery wells drilled in 2022 and its ongoing deve...
Technip Energies Consolidates Namibia’s Diverse Energy Mix with Multi-Project Developments
Namibia >> 3/27/2023 - Following a series of successful project developments in Mozambique and Senegal, the French-based engineering and technology company is reaffirming its commitment to Africa’s energy future with a myri...
Perma-Pipe International Announces Plans to Expand to Qatar
Qatar >> 3/27/2023 - Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has taken preliminary steps to expand operations to Qatar and mobilization is expected to commence during the current year. In addition to the lo...
Talos & its Partners Announce Submission of Development Plan for Zama Project
Mexico >> 3/23/2023 - Talos Energy Inc. ("Talos") (TALO) and the other Zama Unit Holders Wintershall Dea, Harbour Energy plc ("Harbour") and Petróleos Mexicanos ("Pemex"), announced that on March 23, 2023, Pemex, as operat...
Atlas and Partners Advance Venus Plan of Development in Equatorial Guinea
Equatorial Guinea >> 3/22/2023 - Atlas Petroleum International announced the development of the Venus discovery in Block P, Equatorial Guinea, jointly with its partners Vaalco as operator, and Guinea Ecuatorial de Petroleós Co. (GEPe...
VNG Receives Approval for RNG Pilot Program
United States >> 3/21/2023 - A five-year pilot from Virginia Natural Gas (VNG) aims to encourage the development of renewable natural gas (RNG) production facilities within the VNG service territory. Recently approved by the Virg...
Aker BP Moving Ahead with Nine of Ten PDO Projects
Norway >> 3/21/2023 - Aker BP (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) has notified the Norwegian Ministry of Petroleum and Energy that the company has acceded to all the Plans for Development and Operation submitted in December...
Pennpetro Energy Commences Texas Oil & Gas Joint Venture
United States >> 3/16/2023 - Highlights:
· Formal Agreements signed with Millennium PetroCapital, to selectively participate in Austin Chalk production wells, across 250,000 acres in Gonzales County, Texas
· Mi...
Equinor Receives Consent to use Floatel Endurance on the Grane field
Norway >> 3/15/2023 - Equinor has received consent for the use of Floatel Endurance as a flotel on the Grane field until 1 May 2023.

Grane
Grane is a field in the central part of the North Sea, just east o...
Interior Department Substantially Reduces Scope of Willow Project
United States >> 3/13/2023 - Today, the Interior Department issued a Record of Decision regarding the proposed Willow Master Development Plan in the National Petroleum Reserve-Alaska (NPR-A). The Department is substantially reduc...
Anshof Oil Field Production License Awarded to ADX Energy
Austria >> 3/13/2023 - The production license award enables ADX to expand the development of the oil field including the drilling of two development wells within the next 12 months in addition to the already producing Ansho...
Petrobras & Shell Agree a MoU on Identifying New Upstream Business
Petrobras & Shell Agree a MoU on Identifying New Upstream Business Brazil >> 3/9/2023 - Jean Paul Prates, the CEO of Petrobras and Wael Sawan, the CEO of Shell, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration bet...
Energean Announces First Gas from NEA, Offshore Egypt
Energean Announces First Gas from NEA, Offshore Egypt Egypt >> 3/9/2023 - Energean plc (ENOG) is pleased to confirm that first gas has been safely delivered at North El Amriya and North Idku ("NEA/NI"), offshore Egypt. ...
Petroleum Minister of Egypt Holds Bilateral Meetings with Senior American Officials
Petroleum Minister of Egypt Holds Bilateral Meetings with Senior American Officials Egypt >> 3/7/2023 - Petroleum Minister Tarek El-Molla had talks on Tuesday with Guido Brusco, Chief Operating Officer of Natural Resources on Eni, on means of accelerating the implementation of plans for developing oil f...
OEUK Celebrates Positive Business Behaviours at Inaugural Share Fair Awards
United Kingdom >> 3/6/2023 - Companies demonstrating an outstanding commitment to strengthening business relationships with their supply chain have been recognised by Offshore Energies UK (OEUK) at its flagship business developme...
LUKOIL Receives Approval of Declaration of Commerciality for Eridu Field Reserves
Iraq >> 3/6/2023 - PJSC LUKOIL and INPEX SOUTH IRAQ LTD received approval from Iraqi state-owned Thi-Qar Oil Company (TOC) for Declaration of Commerciality of Reserves and Outline Development Proposal for Eridu oilfield...
Shell Completes Withdrawal from Interest in Salym Petroleum in Russia
Russia >> 3/3/2023 - Shell Salym Development B.V. – a subsidiary of Shell plc – has completed the withdrawal from its 50 per cent interest in the Salym project, which had been jointly developed with Gazprom Neft, a subsid...
Prospera Energy Utilizes Strong Balance Sheet to Capitalize 2023 Development Plan
Canada >> 3/3/2023 - Prospera is structured to be well-capitalized in 2023 to fund the capital development program to capture the significant remaining reserves in place. PEI total capitalization ($15 million) includes st...
Block Energy Ainitial Results from the WR-B01Za Development Well
Georgia >> 2/28/2023 - Block Energy plc, the exploration and production company focused on Georgia, announces initial results from the WR-B01Za well, part of the initial development phase of the West Rustavi/Krtsanisi Field...

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