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Development News

South Pars Phase14 Meets 82% Progress
Iran >> 9/9/2018 - Over the past 2 years, the developmental activities in both offshore and onshore facilities moved in right direction so that there has been remarkable progress (82 percent) in constructing the refiner...
Sound Energy Announces Award of Production Concession
Morocco >> 9/6/2018 - Sound Energy, the Morocco focussed upstream gas company, is pleased to announce the award of the production concession relating to the Tendrara gas discovery in Eastern Morocco by the Moroccan Ministr...
Aker Energy to Start Ghana Drilling in October
Ghana >> 8/30/2018 - Norwegian oil firm Aker Energy will delay submitting a plan for development of its block off Ghana until early next year in order to first complete appraisal drilling, expected to start in October, it...
Bass Oil Receives Pertamina Approval for Development wells in Southern Sumatra
Indonesia >> 8/27/2018 - Australian-listed, Indonesian oil producer, Bass Oil has announced that the Company has received formal approval from Indonesia’s State-owned oil and natural gas corporation, Pertamina, for the budget...
Nostra Terra Reports Production Update & Development Plan for its Mitchell County Assets
United States >> 8/22/2018 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, reports a production update and development plan for the Company's Mitchell County as...
Oil Auction from Brazil Transfer-of-rights Area Unlikely in 2018
Brazil >> 8/21/2018 - A Brazilian auction of rights to develop additional oil-producing areas in the country’s so-called transfer-of-rights region is unlikely this year, Brazil’s Deputy Mining and Energy Minister Marcio Fe...
Iraq's Basra Oil, Chevron Agree to Implement MOU to Develop Oil Fields
Iraq >> 8/19/2018 - Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said. ...
Talks Ongoing on Greater Barik Integrated Gas Deal
Oman >> 8/14/2018 - Negotiations centring on the development and monetisation of potentially prolific gas resources discovered in the Greater Barik area onshore Block 6 are ongoing, according to a high-level official of ...
Iran Phase 11 of the South Pars Gas Agreement Terms Unchanged Yet
Iran >> 8/13/2018 - A senior official at the National Iranian Oil Company (NIOC) said no changes had been made in the terms of Irans multi-billion-dollar agreement with a French energy major Total-led consortium developi...
MAPNA Group Awarded Major Oil Projects
Iran >> 8/8/2018 - The National Iranian South Oil Company (NISOC) has signed a heads of agreement with MAPNA Group for the development of Parsi and Paranj oilfields in the southwestern province of Khuzestan. ...
Eni Announces the Approval of Area 1 Development Plan in Mexico
Mexico >> 8/1/2018 - Eni announces that Mexico’s National Hydrocarbon Commission (Comision Nacional de Hidrocarburos, CNH) approved the Development Plan (PoD) for the discoveries of Amoca, Mizton and Tecoalli, located in ...
Iraq to Take over Development of Mansuriyah Gas Field, Nassirya Oilfield
Iraq >> 7/31/2018 - Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the “delay and failure” of international companies to resume work at the field, the oil ministry said. ...
BP Plans to Invest as Much as $8B in T&T for the Next 10 Years
BP Plans to Invest as Much as $8B in T&T for the Next 10 Years Trinidad and Tobago >> 7/25/2018 - BP Trinidad and Tobago’s long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next 10 years. This was announced by Claire Fitzp...
Declaration of Commerciality of the Entorno de Sapinhoa Area
Brazil >> 7/20/2018 - Petrobras, as the operator, on behalf of the consortium of Entorno de Sapinhoa, reports that it submitted the declarations of commerciality to the National Agency of Petroleum, Natural Gas and Biofuel...
Many Developments and High Exploration Activity
Norway >> 7/16/2018 - An impressive 20 development projects are currently under way on the Norwegian Shelf, and 13 exploration wells in the first half of 2018 have yielded 6 discoveries. Production has been somewhat lower ...
Gazprom to Start Development of Yamal’s Kharasaveyskoye Field in 2019
Russia >> 7/15/2018 - Alexey Miller, Chairman of the Gazprom Management Committee, last week held in Bovanenkovo (Yamal-Nenets Autonomous Area) a meeting on the pre-development project for the Kharasaveyskoye gas and conde...
Renaissance Oil Cleared for Development on Chiapas Blocks
Mexico >> 7/9/2018 - Renaissance Oil Corp. has now received final authorizations from the relevant Mexican authorities to proceed with the development program on the Company’s three 100% held producing properties in the s...
Hurricane Energy Provides Update on Lancaster Field EPS
United Kingdom >> 7/6/2018 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an operational update in relation to the Early Production S...
Equinor's PDO for Snorre Expansion Project Approved
Norway >> 7/5/2018 - The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for the Snorre Expansion Project. Investments of just above NOK 19 billion (2017) will increase recovery ...
Equinor Submits Plan for Further Development of the Troll Field
Norway >> 7/3/2018 - Equinor and the partners in the Troll licence are submitting the plan for further development of the gigantic Troll field on the Norwegian continental shelf (NCS) to the Ministry of Petroleum and Ener...

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