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Development News

Green light for Neptune Energy's Duva and Gjoa P1 Projects
Norway >> 6/26/2019 - Neptune Energy confirmed its development plans for the Duva (PL636) and Gjoa P1 (PL153) projects in the North Sea have been approved by Norwegian authorities. ...
TATNEFT & Turkmennebit Signed a Memorandum of Understanding
Turkmenistan >> 6/24/2019 - TATNEFT Company and the State Concern “Turkmennebit” signed a Memorandum of Understanding. The document was signed during the working visit of Gurbanguly Berdimuhamedov, President of the Republic of T...
INPEX Submits Revised Plan of Development for Abadi LNG Project
Indonesia >> 6/21/2019 - INPEX has submitted to Indonesian government authorities a revised Plan of Development (POD) for the Abadi LNG Project. The revised POD is based on an onshore LNG development scheme with an annual LNG...
NOC and Partners Implement Development Projects in Ar Rujban
Libya >> 6/19/2019 - National Oil Corporation (NOC) in collaboration with international partners made up of Repsol, OMV, Total and Equinor - known as the ‘Repsol Consortium’ - have delivered two surface water pumps to sup...
Red Sky Energy to Target Flax Project to Deliver near Term Revenues
Australia >> 6/19/2019 - Australian Oil and Gas explorer and developer, Red Sky Energy (ASX) (Red Sky) is pleased to provide the results of its recently completed strategic review on its 100% owned Flax Oil and Gas Project lo...
INPEX Signs HOA on Abadi LNG Project with Indonesian Authorities
INPEX Signs HOA on Abadi LNG Project with Indonesian Authorities Indonesia >> 6/17/2019 - INPEX has signed a Heads of Agreement (HOA) with Indonesian authorities on behalf of the contractors with the endorsement of Shell Upstream Overseas on the basic principles regarding a revisedPlan of ...
Sleipner Partnership Releases CO2 Storage Data
Norway >> 6/12/2019 - Equinor and its partners will disclose datasets from the Sleipner field; the world's first offshore CCS plant, in a push to advance innovation and development on the field of CO2 storage. ...
ExxonMobil Proceeds with Argentina Expansion Project in Vaca Muerta
Argentina >> 6/11/2019 - ExxonMobil said it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day wit...
Reliance & BP Sanction Phase 3 of Integrated KG D6 Development
India >> 6/11/2019 - Reliance Industries Limited (RIL) and BP announced the sanction of the MJ project (also known as D55) in Block KG D6, offshore the east coast of India. ...
NOVATEK, COSCO SHIPPING, Sovcomflot & Silk Road Fund Sign an Agreement
Russia >> 6/7/2019 - PAO NOVATEK (“NOVATEK”), China COSCO SHIPPING Corporation Limited, PAO Sovcomflot and Silk Road Fund (the “Parties”) signed an Agreement in respect of the Maritime Arctic Transport LLC (“MArT”). ...
NOVATEK Signed MOU with Total, Siemens and Zarubezhneft on Cooperation in Vietnam
Vietnam >> 6/7/2019 - As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK, Total Gas & Power Business Services S.A.S, Siemens Aktiengesellschaft and JSC Zarubezhneft (Zarubezhneft) signed a Memora...
Rosneft & German Committee on Eastern European Economic Relations Agreed on Cooperation
Russia >> 6/7/2019 - As part of the XXIII St. Petersburg International Economic Forum, Rosneft and German Committee on Eastern European Economic Relations signed an Agreement on cooperation in the area of technological de...
Rosneft & Yugra Enter Into a New Cooperation Agreement
Russia >> 6/7/2019 - Igor Sechin, Chief Executive Officer of Rosneft, and Natalya Komarova, Governor of Khanty-Mansi Autonomous District – Yugra at the XXIII St. Petersburg International Economic Forum signed new Cooperat...
Rosneft will Take Part in Social Projects in Samara Region
Russia >> 6/7/2019 - As part of XXIII St. Petersburg International Economic Forum, Rosneft and Samara region signed a supplement agreement on cooperation in the social development sphere. The document was signed by Igor S...
Rosneft & Ryazan Region Enter into a Cooperation Agreement
Russia >> 6/7/2019 - As part of XXIII St. Petersburg International Economic Forum, Rosneft and Ryazan Region signed an agreement on cooperation. The document was signed by Igor Sechin, Chief Executive Officer of Rosneft O...
Lukoil Develops Cooperation with Komi Republic
Russia >> 6/7/2019 - President of LUKOIL Vagit Alekperov and the Head of the Komi Republic Sergey Gaplikov signed the Agreement on Cooperation for 2019 – 2021 on the sidelines of the Saint Petersburg International Economi...
Gazprom Neft, Repsol & Shell Join Forces to Develop a Major Exploration Cluster
Russia >> 6/7/2019 - Gazprom Neft, Repsol and Shell have signed a memorandum of understanding at this year’s St Petersburg International Economic Forum on establishing a joint venture to develop the Leskinsky and Pukhutsy...
GAZPROM NEFT & IKS Holding to Develop Digital Projects for Industrial Enterprises
Russia >> 6/6/2019 - Gazprom Neft and IKS Holding have entered into a preliminary agreement to establish a joint venture, which will facilitate oil industry’s access to the digital transformation technology market. The ag...
New Gazprom Neft - Shell JV to Develop Fields in Yamal
Russia >> 6/6/2019 - Gazprom Neft and Shell have used this year’s St Petersburg International Economic Forum to sign an agreement on creating a joint venture to develop license blocks in the Yamalo-Nenets Autonomous Okrug...
Lukoil & Iraq’s Ministry of Oil Discuss Prospects For Cooperation
Russia >> 6/6/2019 - President of LUKOIL Vagit Alekperov has met with Thamir Abbas Ghadhban Al Ghadhban, Deputy Prime Minister and Minister of Oil of the Republic of Iraq, at the St. Petersburg International Economic Foru...

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