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Development News

Ascent Resources Updates Operations on Petisovci Gas Field
Slovenia >> 7/18/2017 - The Board of Ascent Resources plc, the European focused oil & gas exploration and production company, is pleased to provide an update on progress with its Petisovci project in Slovenia. ...
Panoro Approves FID on the Development of Dussafu Fields
Gabon >> 7/18/2017 - Pan Petroleum Gabon B.V. (a fully owned subsidiary of Panoro Energy ASA) has approved the operatorís proposed work program and budget to move forward at full speed with the development of the Dussafu ...
Iran, Japanís Toyo Signs Deal to Boost Output at Offshore Field
Iran >> 7/18/2017 - The National Iranian Oil Company (NIOC) signed on Monday a Memorandum of Understanding (MoU) with a consortium that includes Japanís engineering group Toyo to revamp the facilities and upgrade gas pro...
NISOC & Zarubezhneft Sign MoU
Iran >> 7/17/2017 - National Iranian South Oil Company (NISOC) and Russian Zarubezhneft signed a Memorandum of Understanding yesterday. The purpose of signing the MoU is to develop the Shadegan and Rag-e Sefid fields in ...
PDO Achieves Significant Progress in Developing Bahja-Rima Oilfield
Oman >> 7/17/2017 - National oil company Petroleum Development Oman (PDO) has made significant progress in developing the Bahja-Rima cluster field, which has more than seven billion barrels of oil in place. ...
Mayan Enters into US$ 2 Million Oklahoma Farm out
United States >> 7/17/2017 - Mayan is pleased to announce that further to its RNS of 26 June 2017, relating to the restructuring of Oklahoma leases, it has now entered into a US$ 2m farm out of a 50% working interest in company's...
Iran Eyes 10 Oil, Gas Deals with Energy Majors by Mach 2018
Iran >> 7/16/2017 - National Iranian Oil Company (NIOC) says the Rouhani administration has tasked the company to ink 10 major deals for developing oi land gas fields by the end of the current Iranian calendar year to Ma...
Venezuela Signed MOU to Increase Oil Production
Venezuela >> 7/15/2017 - The Minister of Popular Oil, Nelson Martinez, signed a memorandum of understanding between the Bolivarian Republic of Venezuela and the Horizontal Well Drillings Company (HWD Production LLC ) For the ...
Barossa Offshore Project Proposal Published for Public Comment
Australia >> 7/13/2017 - ConocoPhillips is pleased to advise that the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has published the Barossa Area Development Offshore Project Proposal (B...
Egdon Resources Provides Update on Wressle Oil Field Planning Appeal
United Kingdom >> 7/13/2017 - Egdon Resources plc will appeal the decision of North Lincolnshire Council's Planning Committee of 3 July 2017 to refuse planning consent for a second time for the development of the Wressle Oil Field...
Iraq Offers 9 Exploratory Borderline Areas for Development & Rehabilitation
Iraq >> 7/13/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil declared the launching of the exploration & rehabilitation projects for (9) exploration blocks and the borderline onshore & offshore oil fields in ...
Qatar Petroleum & Total in JV to Develop Al Shaheen Oil Field
Qatar >> 7/11/2017 - Total and Qatar Petroleum will take over the operatorship of the giant Al-Shaheen offshore oil field for a period of 25 years beginning July 14, 2017. The field produces 300 thousand barrels of oil pe...
Erin Energy to Spud Oyo-9 Well Offshore Nigeria
Nigeria >> 7/10/2017 - Erin Energy Corporation (Erin Energy) provided an update on its drilling operations that are expected to double production for the Company and also updated its plans for drilling one of its prime expl...
Iraq Minister of Oil Orders to Build an Integrated Oil City in Maysan
Iraq >> 7/10/2017 - Within the concerns of the ministry of oil to develop the presented services to the citizens of our dear governorate Maysan. Mr. Jabbar Al-I Hussein Al-Luiebi the minister of oil ordered to build an i...
Azadegan Oil Field Tender Officially Begins
Iran >> 7/7/2017 - The tender for the key Iranian joint oil field ďAzadeganĒ has currently been underway and no speculation on which of the participating foreign and domestic firms would lucky to win the oil field is ri...
SOCAR, CNPC Top Managers Meet
Azerbaijan >> 7/7/2017 - On July 7, Rovnag Abdullayev, President of SOCAR has met with Chinese delegation led by Wang Yilin, Chairman of China National Petroleum Corporation (CNPC). After cordial greeting, Rovnag Abdullayev s...
Gazprom Neft & Spainís Repsol Sign Memorandum on Developing Cooperation
Russia >> 7/7/2017 - Gazprom Neft has signed a Memorandum of Understanding with Spainís Repsol. The Memorandum outlines areas for evolving collaboration through a joint enterprise to develop hydrocarbon resources in the K...
Statoil to Develop Snefrid Nord Gas Discovery
Norway >> 7/6/2017 - Statoil and partners have decided to develop the Snefrid Nord gas discovery near the Aasta Hansteen field in the Norwegian Sea. The discovery, scheduled to come on stream in late 2019, will be tied ba...
Phase I Renovation Project of Shymkent Refinery Becomes Operational
China >> 7/5/2017 - On June 30, Phase I renovation project of Shymkent Refinery in Kazakhstan became operational as the 600kt/a ISOMAR started to produce gasoline of Euro IV and Euro V standards. ...
The Contract Details for Development SP 11ís Offshore Facilities
Iran >> 7/5/2017 - Contract for development of phase 11 is the first one that was signed today in the framework of the general conditions, structures, and oil contract patterns between National Iranian Oil Company (NIOC...

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