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Development News

Ophir to Commence 4th Phase of Development on Bualuang Field
Thailand >> 5/17/2017 - Ophir provides the following operational update on the Bualuang Field ahead of its Annual General Meeting today. ...
Marubeni Participates in Housing Development Project in Malaysia
Malaysia >> 5/17/2017 - Marubeni Corporation (“Marubeni”) is pleased to announce its plan to implement a housing development and sales project (“the project”) through a company established with SHL Consolidated Bhd. (“SHL”)...
Rosneft & Eni to Extend Cooperation in Russia and Abroad
Russia >> 5/17/2017 - Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was si...
Lukoil Signs Cooperation Agreement with Government of Kaliningrad Region
Russia >> 5/16/2017 - President of LUKOIL Vagit Alekperov and Governor of Kaliningrad Region Anton Alikhanov signed an agreement on cooperation between the company and the regional government for 2017-2022, in Kaliningrad ...
Pergas Drafting Proposal for 2 Khuzestan Oilfields
Iran >> 5/15/2017 - Pergas Consortium will submit its master development plan proposal to the National Iranian Oil Company to develop Shadegan and Karanj oilfields in the southern oil-rich province of Khuzestan by July, ...
Iraq Minister of Oil Meets with Algerian Minister of Energy
Iraq >> 5/11/2017 - Mr. Jabbar Ali Hussain Al-Luiebi the minister of oil praised the historic relations between the Iraqi & Algerian people. Mr. Al-Luiebi met with the Algerian minister of energy Mr. Nooraldeen Botarfa i...
Angus Energy Submits Brockham Field FDP Addendum
United Kingdom >> 5/11/2017 - Angus Energy is pleased to announce that following consultation with the UK’s Oil & Gas Authority (OGA) it has submitted the required Field Development Plan (FDP) Addendum to commence production from ...
First Oil Confirmed from Montrose Area Redevelopment
United Kingdom >> 5/9/2017 - First oil has begun to flow from the Shaw field, part of the major redevelopment of the Montrose Area in the Central North Sea operated by Repsol Sinopec Resources UK. ...
Integrated Management Results in South Pars Fruition
Iran >> 5/8/2017 - We were able to break record of 500 million cubic meters in production sector last year, and we were also able to spend only $70 billion out of $90 billion budget intended for developing south pars fi...
Petroperu & Canada's Pacific Consider Developing Amazon Field
Peru >> 5/5/2017 - Peru's state-run oil company Petroperu and Canada's Pacific Exploration & Production Corp (PEN.TO) are considering a partnership to develop a dormant oilfield in Peru's Amazon region, the companies sa...
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 (...

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