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Development News

Egdon Submits New Planning Application for Wressle Field Development
United Kingdom >> 5/3/2017 - Egdon Resources plc announces the submission on 28 April 2017 of a new Planning Application (the Application) for the Wressle field development. The Application includes additional detailed informatio...
Lukoil Devises New Metod of Developing Field Simulation Models
Russia >> 5/2/2017 - LUKOIL has applied a new approach to the development of geological-hydrodynamic models used to study the Lower Permian accumulation of Varandey field in the Timan-Pechora Oil and Gas Province on the b...
Wintershall's Maria Field Development Ahead of Schedule
Norway >> 5/2/2017 - Today, Norwegian Minister of Petroleum and Energy, Terje Soviknes, and Wintershall’s Chief Executive Officer, Mario Mehren, visit the Deepsea Stavanger rig in the Norwegian Sea ahead of reservoir dril...
Secretary Zinke Signs America-First Offshore Energy Strategy
United States >> 5/1/2017 - On the floor of the Offshore Technology Conference, flanked by men and women who work on offshore oil and gas platforms, Secretary of the Department of the Interior Ryan Zinke signed two secretarial o...
Petronas Issues Statement on Strategy for the Development of Block SK316
Malaysia >> 4/26/2017 - There have been many news reports and comments made on PETRONAS' strategy for the development of Block SK316 offshore Sarawak. Some of the reports have been misleading and some comments were misinform...
Iraq Begins Final Expansion Phase at Halfaya Oil Field
Iraq >> 4/25/2017 - Iraq has launched the third and final phase of work to expand its southern Halfaya oil field, aiming to double its output capacity in 2018 to 400,000 barrels per day, a state-run oil company said. ...
Trump to Set New Executive Orders on Environment, Energy
United States >> 4/24/2017 - U.S. President Donald Trump this week will sign new executive orders before he completes his first 100 days in office, including two on energy and the environment, which would make it easier for the U...
Thailand Gears Up To Be ‘The Energy Hub for Asia’ With Ministry Of Energy
Thailand Gears Up To Be ‘The Energy Hub for Asia’ With Ministry Of Energy Thailand >> 4/24/2017 - Mr. Areepong Bhoocha-Oom, Permanent Secretary of the Ministry of Energy of Thailand launched the ‘Future Energy Asia Exhibition & Conference’ as a major initiative towards securing the path to Thailan...
Total to Finalize South Pars Deal Within Weeks
Iran >> 4/24/2017 - Iran says it expects France’s Total to finalize an agreement over the development of a key natural gas project in the country’s south in less than a month. ...
Gazprom Forging Ahead with its Innovative Projects
Russia >> 4/20/2017 - The Gazprom Board of Directors reviewed and approved the 2016 Progress Report on Gazprom’s Innovative Development Program until 2025 and took note of the information concerning the efficiency of R&D (...
Robust Scoping Study Results for North Sea Assets
United Kingdom >> 4/20/2017 - CLNR, the natural resources investing company, is pleased to announce the results of an independent Scoping Study covering two prospects on its 100% owned Licence P2248 in the Southern North Sea gas b...
YPF & PentaNova Partner to Develop the Llancanelo Block
Argentina >> 4/19/2017 - Miguel Gutierrez, president of YPF, and Warren Levy, a pair of Patagonia Oil Corp, an affiliate of PentaNova Energy Corp, signed a terms and conditions agreement for the development of the Llancanelo ...
Gazprom Builds 15 Exploratory & Development Wells in Bangladesh in Four Years
Bangladesh >> 4/14/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Abul Hassan Mahmood Ali, Minister of Foreign Affairs of the People’s Republic of Bangladesh, took place in Mo...
Gazprom Neft Begins Development of Its Novoportovskoye Field
Russia >> 4/12/2017 - Gazprom Neft has completed drilling of its first production well within the NP-8 stratum at its Novoportovskoye field. The total length of the constructed well shaft is 4.2 kilometres, including a 1.4...
Egdon Resources to Submit New Planning Application for Wressle Field
United Kingdom >> 4/11/2017 - Egdon Resources plc will start the appeal process through the Planning Inspectorate in respect of the decision by North Lincolnshire County Council (the Council) on 11 January 2017 to refuse planning ...
BP Authorized to Operate Rhum Gas Field with Iran
Iran >> 4/8/2017 - BP and Iran’s state-run oil company received a license from the US Treasury last year to operate their joint gas field in the North Sea following the lifting of international sanctions on Tehran, BP s...
Norway Approves PDO for Statoil's Trestakk Discovery on Halten Bank
Norway >> 4/5/2017 - Norwegian authorities have approved the Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank in the Norwegian Sea. Investments are calculated at NOK 5.5 billion, almos...
Qatar Restarts Development of World's Biggest Gas Field
Qatar >> 4/3/2017 - Qatar Petroleum announced its intention to develop a new gas project in the southern sector of the North Field and that it will commence work on the project’s details over the next few months. ...
LEKOIL Signs MoU with GE for Ogo Work Programme in OPL310
Nigeria >> 4/3/2017 - LEKOIL, the oil and gas exploration and production company with a focus on West Africa, has signed a Memorandum of Understanding (MOU) with GE Oil & Gas (GE), a subsidiary of General Electric Company ...
Saudi Aramco Signs MoUs with ADNOC, Masdar
Saudi Arabia >> 4/2/2017 - Saudi Arabian Oil Company (Saudi Aramco) signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy company, covering en...

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