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Development News

Approval of Plan for Development and Operation of Fenja field
Norway >> 4/10/2018 - Faroe Petroleum, the independent oil and gas Company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the Norwegian Ministe...
BP to Develop Second Phase of Oman’s Giant Khazzan Gas Field
Oman >> 4/9/2018 - BP has announced that, together with its partner the Oman Oil Company Exploration & Production, it has approved the development of Ghazeer, the second phase of the giant Khazzan gas field in Oman.
Anton, Petrofac Sign Deal to Operate Iraq's Majnoon Oilfield
Iraq >> 4/5/2018 - The Iraqi oil ministry signed a two-year contract with Anton Oilfield Services and Petrofac to operate the giant Majnoon oilfield, two oil executives said. ...
Lukoil Analyses Possibilities for Green Energy Projects in Kazakhstan
Kazakhstan >> 4/4/2018 - Vagit Alekperov, PJSC LUKOIL President and CEO, and Vladimir Kim, President of ??? Kazakhmys Holding, signed a Memorandum of Cooperation to develop green energy projects in Kazakhstan. ...
UAE's Ras Al Khaimah Launches Petroleum Licensing Round
United Arab Emirates >> 4/2/2018 - The government of the United Arab Emirates’ Ras Al Khaimah launched its first petroleum licensing round in a drive to develop the emirate’s natural resources and open up the sector to international oi...
$1B Investment for Pegaga Gas Development in Malaysia
Malaysia >> 3/21/2018 - Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 3...
Eland Oil & Gas Provides Opuama Operations Update
Nigeria >> 3/21/2018 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, announces the following operations update on the Opuama field in licence...
Drillers Snap Up Federal Leases Near Utah's Wilderness Monuments
United States >> 3/20/2018 - The U.S. Bureau of Land Management auctioned off more than 51,000 acres (21,000 hectares) in southeastern Utah for oil and gas development, a sign of strong industry demand in a region conservationist...
Greenfields Confirms Waterflood Development Opportunity and Provides Revised 2017 Guidance
Azerbaijan >> 3/20/2018 - Greenfields Petroleum Corporation Confirms Waterflood Development Opportunity in the Bahar Field and Miocene Exploration Objective Beneath the Gum Deniz field offshore Azerbaijan and Provides Revised ...
NIOC &PEDC To Sign Deal to Develop Two Iran Oilfields
Iran >> 3/18/2018 - The National Iranian Oil Company (NIOC) and Pasargad Energy Development Company (PEDC) are to sign a contract for the integrated development project of Sepehr and Jofeir Fields. The two fields were di...
Tenders for the 11th Phaseto be Finalized Soon
Iran >> 3/17/2018 - CEO of POGC, Mohammad Meshkinfam confirmed the completion of first part of 11th phase’s tender for contractors and said: “The result of tender will be reported by Total to POGC soon and it will be con...
RockRose Energy Announces Update on Incremental Development Projects
United Kingdom >> 3/16/2018 - RockRose has commissioned ERC Equipoise to evaluate both the existing upside potential within the Blake field (30.82%) and, the nearby Tain satellite discovery (50%), with a view to inform FID on Tain...
Iran & Russia Sign Deal to Develop Two Oil Fields
Iran >> 3/14/2018 - Iran and Russia signed a deal to develop two oilfields in Iran, according to Iranian state TV. The National Iranian Oil Company signed a deal with Russia’s Zarubezhneft to develop the fields, accordin...
Lukoil Continues to Develop Yugra Social Infrastructure
Russia >> 3/13/2018 - President of LUKOIL Vagit Alekperov and Governor of Yugra Natalia Komarova signed a Supplement Agreement on Cooperation for 2018, in Kogalym today. The funds, allocated by the company under the agreem...
Qatar Petroleum Signs Al-Bunduq Oilfield Concession Agreement with UAE
Qatar Petroleum Signs Al-Bunduq Oilfield Concession Agreement with UAE Qatar >> 3/13/2018 - Qatar Petroleum signed a concession agreement with the Abu Dhabi Supreme Petroleum Council (on behalf of the Government of Abu Dhabi), Abu Dhabi National Oil Company (ADNOC), United Petroleum Developm...
Statoil to Invest over NOK5B in the Development of Snohvit Field
Norway >> 3/12/2018 - Statoil and its partners have decided to invest just over NOK 5 billion in the further development of the Sn?hvit field in the Barents Sea, which will provide feedstock for the LNG plant at Melkoya in...
Woodside to Operate Scarborough Gas Field Development
Australia >> 3/12/2018 - Woodside and BHP have entered into an agreement in relation to the proposed development of the Scarborough gas field. ...
SDX Energy Announces Gas Discovery at SAH-2 Well
Morocco >> 3/9/2018 - SDX Energy Inc., the North Africa focused oil and gas company, announces that a gas discovery has been made at its SAH-2 well on the Sebou permit in Morocco. ...
The Flare of 14th Phase’s Platform of South Pars Project Kindled
Iran >> 3/3/2018 - The 14th phase’s platform which was installed in reservoir block last month became operational and is pumping gas. HamidrezaMasuodi, the POGC manager of 14th phase development project announced achiev...
East Timor, Australia Agree on Maritime Border
East Timor >> 2/26/2018 - East Timor and Australia have reached an agreement for a treaty on their disputed maritime border and on a “pathway” to develop the giant Greater Sunrise offshore gas field, a statement from an arbitr...

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