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Development News

61 Companies Keen to Cooperate with NISOC
Iran >> 12/13/2016 - NISOC Technical Affairs Manager said, 61 domestic and foreign companies have expressed their readiness to cooperate with National Iranian South Oilfields Company regarding developing oilfields accordi...
Development of Leviathan Field to Produce Natural Gas by End of 2019
Development of Leviathan Field to Produce Natural Gas by End of 2019 Israel >> 12/12/2016 - Delek Group provides below an Immediate Report published by each of Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership ("the Partnerships") concerning the decisions taken...
Independent Oil & Gas Submits Blythe Field Development Plan
United Kingdom >> 12/12/2016 - Independent Oil and Gas the development and production focused Oil and Gas Company, has submitted the Blythe Field Development Plan ('FDP') in draft format to the Oil and Gas Authority ('OGA'). ...
Atlantic Petroleum Takes Over Operatorship of Orlando & Kells Licences
United Kingdom >> 12/11/2016 - Atlantic Petroleum announces that further to decisions of the joint operating committees of UKCS Licences P.1606 and P.1607 taken at special meetings held on Friday 9th December 2016, notices have tod...
OMV Keen on Joining Iran Oil Projects
Iran >> 12/11/2016 - Ervin Kroell, senior vice-president of OMVs Middle East and Caspian Department, said his company is interested in joining development projects in Iran. ...
Waitsia JV Approves 2017 Development Activities Budget
Australia >> 12/9/2016 - AWE Limited (AWE), Operator of the Waitsia gas project in WA production licence L1/L2, reports that the Waitsia Joint Venture has made strong progress in its preparations for Stage 2 of the Waitsia ga...
IOG Extends Blythe Licence in the UK Southern North Sea
United Kingdom >> 12/8/2016 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, is pleased to announce that following discussions with the UK Oil & Gas Authority, the licence for Blocks...
LEKOIL Flowing Oil from Otakikpo Marginal Field
Nigeria >> 12/8/2016 - LEKOIL, the oil and gas exploration and development company with a focus on West Africa, is pleased to announce that oil is flowing at the Otakikpo Marginal Field to onshore storage tanks, where it wi...
Faroe Petroleum Receives Consent to Take over Operatorship
Norway >> 12/7/2016 - Faroe Petroleum Norge AS has received consent to takeover operatorship of the Oselvar and Trym fields. The Oselvar field is in blocks 1/2 and 1/3 in the southern North Sea, around 27 kilometres southw...
BHOS & Petroleum Institute in Abu Dhabi Signed Cooperation Agreement
Azerbaijan >> 12/7/2016 - Delegation of Baku Higher Oil School (BHOS) led by the Rector Elmar Gasimov paid a visit to Abu Dhabi and Dubai in United Arab Emirates (UAE) with the purpose to discuss further development of the bil...
Shell to Sign Initial Iran Oil & Gas Development Deals
Iran >> 12/7/2016 - Royal Dutch Shell will sign initial agreements to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world's second biggest listed oil firm in Iran since sanctions wer...
Rosneft & Exxon Drop Plans for Gulf of Mexico Development
United States >> 12/2/2016 - Russia's largest oil producer Rosneft and ExxonMobil have decided not to proceed with joint development of oil blocks in the Gulf of Mexico due to "lack of prospects", Interfax news agency quoted Rosn...
Centrica Submits Oda Field Development Plan
Norway >> 11/30/2016 - Faroe Petroleum has announced that the partners in the Oda (previously named Butch) field (licence PL 405) have submitted the plan for its Development and Operation ('PDO') to the Norwegian Ministry o...
Gazprom Neft Begins Developing Otdalennaya Group of Fields
Russia >> 11/29/2016 - Gazprom Neft has confirmed its strategy for implementation of a new major project — the development of the Otdalennaya (the “Remote”) group of fields, located in the southern part of the Yamalo-Nenets...
Statoil Studies Options for Developing Bay du Nord
Canada >> 11/29/2016 - In yet another sign that Newfoundland and Labrador's oil industry is headed into deeper water, Statoil is looking for help to study development options for its Bay du Nord discovery in the Flemish Pas...
Victoria Oil & Gas Provides Update on Logbaba Drilling
Cameroon >> 11/28/2016 - Gaz du Cameroun S.A. (GDC), the Company's Cameroon gas producing and distributing subsidiary, announces that following spudding of well La-107 on November 1 2016, it has successfully drilled, cased an...
Minister of Petroleum Meets with Eni’s Chairman
Minister of Petroleum Meets with Eni’s Chairman Egypt >> 11/22/2016 - Minister of Petroleum and Mineral Resources Eng. Tarek El Molla held a meeting with Emma Marcegaglia Eni’s Chairman in the presence of Adriano Mongini Executive Vice President North Africa at Eni to d...
Total & SOCAR Sign Agreement to Develop Absheron Discovery
Azerbaijan >> 11/21/2016 - Total and SOCAR, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for a first phase of production of the Absheron gas and condensate f...
OGA Hosts Well Construction Hackathon to Deliver Savings
United Kingdom >> 11/17/2016 - The Oil and Gas Authority (OGA) is holding a hackathon to identify new technology and practices which can reduce the cost of well construction on the UK Continental Shelf (UKCS). Jointly driven by the...
DNO Signs MoU to Develop Iran's Changuleh Oil Field
Iran >> 11/16/2016 - DNO ASA, the Norwegian oil and gas operator, today announced the signing of a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study concerning the developme...

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