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Development News

Norway’s DNO Submit Plan to Develop Changouleh Oil Field
Iran >> 8/14/2017 - National Iranian Oil Company has received a proposal from Norway’s DNO oil and gas operator for the development of Changouleh Oil Field, a major one in western parts of the country. ...
AWE Limited to Impair AAL Carrying Value
Australia >> 8/9/2017 - Following on from AWE Limited’s (AWE) reserves update, issued, the company expects to impair the carrying value of the Ande Ande Lumut (AAL) Oil Project and has reviewed the treatment of the US$88 mil...
Iran Plans to Award $15bn in New Oil Deals
Iran >> 8/7/2017 - The next Iranian oil and gas award would be based on the framework of the agreement signed with the French energy giant Total last month over the development of South Pars Phase 11, the deputy directo...
NNPC Signs Agreements to Boost FG Revenue by $16 Billion
Nigeria >> 8/3/2017 - Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London between the Nigerian National ...
Shell Propose Plan to Develop the two Iranian Oil Fields
Iran >> 8/2/2017 - The energy mogul, “Shell” has submitted its technical study plan to Petroleum Engineering and Development Company (PEDEC) in a meeting on Tuesday for developing the Azadegan and Yadavaran oil fields. ...
Gazprom Neft Developing Machine-Learning Technologies
Russia >> 8/1/2017 - Specialists at the Gazprom Neft Science and Technology Centre, together with the Moscow Institute of Physics and Technology (MIPT) Engineering Centre, have begun developing algorithms based on machine...
OIEC, Gazprom Neft Sign Oilfield MoU
Iran >> 7/30/2017 - The Oil Industries Engineering and Construction Company (OIEC) and Russias Gazprom Neft signed a memorandum of understanding to join forces in the assessment of geological potentials of Changuleh and...
OGA Launches 30th Offshore Licensing Round on UKCS Mature Areas
United Kingdom >> 7/25/2017 - The Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS) totalling an area of 114,426 k...
AAOG Updates Activities with Regards to Tilapia Field Development
Congo >> 7/24/2017 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to provide an update on activities with regards to the development of the producing Tilapia oil field (Tilapia) in the Rep...
Russians to Perform Survey on Two Southern Oil Fields
Iran >> 7/23/2017 - The National Iranian South Oil Company (NISOC) and Russia’s Zarubezhneft have signed a memorandum of understanding to develop two oil fields in southwest Iran. ...
Eni Says Not Challenging with Total in Iran
Iran >> 7/23/2017 - Right after France’s Total has signed a 5 billion dollars gas deal with the National Iranian Oil Company (NIOC) earlier this month, Italy’s energy giant, Eni, is keeping its foot on the ground in Iran...
Iraq Launches the 3rd Well in Sindbad Borderline Field
Iraq >> 7/23/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well, and inspected the drilling operations in the 4th oil well in Basrah. Mr. Al-Luiebi confirme...
Maersk Oil Completes Culzean Jacket Installation
United Kingdom >> 7/21/2017 - The Maersk Oil operated high pressure, high temperature (HPHT) Culzean development in the UK North Sea has reached a key milestone with the safe installation of all three of the project’s jackets, on ...
Aminex Expects to Submit Ntorya FDP in Early September
Tanzania >> 7/20/2017 - Aminex has now received a further payment from Tanzania Petroleum Development Corporation (TPDC) for Kiliwani gas sales. The Company continues to work with TPDC to bring arrears fully up to date. Amin...
Iraq Launches the 3rd Well in Sindbad Borderline Field in Basrah
Iraq >> 7/20/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well in Basrah, and confirmed on the keenness of the ministry of oil to develop all the borderlin...
IOG Submits FDP for Blythe & Elgood Fields
United Kingdom >> 7/19/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, has submitted the Field Development Plan (FDP) to the UK Oil and Gas Authority (OGA) for the Blythe Hub, ...
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 operator’s proposed work program and budget to move forward at full speed with the development of the Dussafu ...
Iran, Japan’s 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 Japan’s 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 ...

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