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Development News

Petsec Energy Provides Update on Hummer Field Development
United States >> 3/30/2017 - Petsec Energy has provided an update on the development of the Hummer Gas/Oil Field, which extends over Main Pass Blocks 270, 273 and 274, in the Gulf of Mexico, offshore Louisiana, U.S.A. ...
Lukoil’s President & Iran’s Oil Minister Discuss Cooperation Opportunities
Russia >> 3/29/2017 - As a member of the delegation of the Islamic Republic of Iran, headed by the President of the country Hassan Rouhani, who paid an official visit to Moscow, March, 27-28, Minister of Oil of Iran Bijan...
ExxonMobil Extends Life of Sigyn Field in the Norwegian North Sea
Norway >> 3/23/2017 - The Norwegian Petroleum Directorate has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022. In its application, o...
Norway's Ministry Approves the PDO for DEA's Dvalin Development
Norway >> 3/22/2017 - The plan for Development and Operation (PDO) for the DEA operated Dvalin development has been approved by the Ministry of Petroleum and Energy. With development costs of estimated 1.1 billion Euros (1...
Statoil Proceeding with Phase 2 of Johan Sverdrup Development
Norway >> 3/21/2017 - The Johan Sverdrup partnership has now decided to proceed with (DG2) Phase 2 of the Johan Sverdrup development, awarding FEED contracts to Aker Solutions, Kvarner and Siemens. Phase 1 of Johan Sverdru...
South Sudan and Equatorial Guinea Partner on Oil & Gas
South Sudan >> 3/21/2017 - South Sudan and Equatorial Guinea announced an historic partnership in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers. ...
Azadegan Oil Project Tender Soon
Iran >> 3/15/2017 - “Companies ready for tenders are shortlisted and a competitive tender for choosing developers of the Development Project of Azadegan Oilfield will be held soon,” Iranian Minister of Petroleum, Bijan Z...
Iraq's Talks with Exxon to Develop New Southern Fields in Progress
Iraq >> 3/15/2017 - Iraq's talks with U.S. oil major Exxon Mobil Corp to develop two small southern oilfields are progressing well, the head of state-run South Oil Co. said. ...
Deputy Managing Director Visiting Azar Oilfield
Iran >> 3/11/2017 - Seyed Nurodin Shahnazizadeh, PEDEC’s managing director and chairman of the Board, visited the Development Project of Azar Oilfield on Tuesday, March 07, 2017, on the eve of the early production from t...
Gazprom Attempt to Contribute in the Development Project of Changuleh Oilfield
Russia >> 3/11/2017 - “Gazprom is willing to work with PEDEC in the two fields of Changuleh and Cheshmeh-khosh,” deputy managing director of Gazprom said. According to Petroleum, Engineering and Development Company (PEDEC)...
Iran May Award Kish Deal to Shell
Iran >> 3/7/2017 - Iran says it may start negotiations with global energy giant Shell over the development of Kish gas field which holds the country’s largest reservoirs of natural gas after South Pars. ...
OGA Publishes Five Year Review of Major Oil & Gas Projects
United Kingdom >> 3/3/2017 - The Oil and Gas Authority (OGA) has published a comprehensive five-year review of major oil and gas projects undertaken on the UK Continental Shelf (UKCS), while also setting out its expectations for ...
US Agency for International Development Hasan Aslami Visits BHOS
Azerbaijan >> 2/28/2017 - Prospects of development of cooperation between Baku Higher Oil School (BHOS) and Kabul Polytechnic University were discussed at a meeting of BHOS Rector Elmar Gasimov with the university teachers and...
Shell Takes Final Decision for Kaikias Project in Gulf of Mexico
United States >> 2/28/2017 - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, and MOEX North America LLC (MOEX NA), a wholly owned subsidiary of Mitsui Oil Exploration Co., Ltd, have each taken the final invest...
Cooper Energy Finalises Development Plan for Sole Gas Project
Australia >> 2/27/2017 - Cooper Energy has announced that the Sole Gas Project has now advanced to the final stage before commitment. The finalisation of the field development plan, signing of heads of agreement with APA to ...
Tlou Announces Development Partner for CBM to Power Project
Botswana >> 2/27/2017 - Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), has signed a binding Heads of Agreeme...
PSA Grants Aker BP Consent to Connect Oda Field to Ula Field
Norway >> 2/21/2017 - The PSA has granted Aker BP consent to connect the Oda field to the Ula field. The Oda field, for which Centrica Resources is the operator, is to be developed as a subsea facility tied back to the Ula...
EGYPS 2017: Talks with Heads of IOCs
EGYPS 2017: Talks with Heads of IOCs Egypt >> 2/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources held talks with a number of CEOs of Foreign oil companies on the sidelines of the Egyptian Petroleum & Gas Show (EGYPS 2017) .He review...
Pennine Petroleum Signs Velca Block PSA in Albania
Albania >> 2/15/2017 - Pennine Petroleum has announced that it has signed a Production Sharing Agreement ('PSA') with Albpetrol for the exploration and development of the Velca Block in Albania. The finalized PSA contains a...
Wintershall Selects Development Solution for Skarfjell
Norway >> 2/15/2017 - Wintershall and its license partners Capricorn, Bayerngas, Edison and DEA have selected a development solution for the Skarfjell field in the Norwegian North Sea. Under the proposed solution, the rese...

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