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Development News

Rosneft & Russian Ministry of Economic Development Sign a Cooperation Agreement
Russia >> 6/16/2016 - Rosneft and the Russian Ministry of Economic Development signed a Cooperation Agreement at the St. Petersburg International Economic Forum. The document was signed by Rosneft CEO Igor Sechin and Russi...
NOVATEK & Kostroma Region Administration Sign Cooperation Agreement
Russia >> 6/16/2016 - OAO NOVATEK and the Administration of the Kostroma Region entered into a 3-year Cooperation Agreement at the 20th Saint Petersburg International Economic Forum. Sergey Sitnikov, the Kostroma Region Go...
Gazprom Neft to be Involved in Development of Russian Geological Prospecting Equipment
Russia >> 6/16/2016 - The Ministry of Industry and Trade of the Russian Federation, Gazprom Neft, Rosgeologia, OAO Kontsern Okeanpribor, and the JSC Marine Arctic Geological Expedition (MAGE) have used this year’s St Peter...
Lukoil Spuds First Development Well at Filanovsky Field
Russia >> 6/15/2016 - President of PJSC LUKOIL Vagit Alekperov and Governor of the Astrakhan Region Alexander Zhilkin visited Vladimir Filanovsky field in the Caspian Sea where development drilling has just begun. The well...
PDO for Oseberg Vestflanken 2 Sanctioned
Norway >> 6/14/2016 - The Ministry of Petroleum and Energy has sanctioned the Plan for Development and Operation (PDO) of Oseberg Vestflanken 2. Reserves projected at 110 million barrels of oil equivalent the investments a...
Development of Joint Oil Fields Top Priority
Iran >> 6/13/2016 - Development of joint oil and gas fields are still top priorities, newly appointed Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said on Monday. ...
Petropars, Interoil Italia, PSEEZ Agree to Develop Oilfield in Iran
Iran >> 6/11/2016 - Iran’s Petropars, the Pars Special Economic Energy Zone (PSEEZ), and Italy’s Stinnes Interoil Italia Srl has cemented a deal to develop a new oil field in southern Iran, Petropars managing director sa...
Chevron Completed the First Stage Development of Chuandongbei Project
China >> 6/7/2016 - Chevron Corporation (CVX) announced that its fully-owned subsidiary Unocal East China Sea, Ltd. has commenced natural gas production from the third train at the Chuandongbei Project in southwest China...
Possible Oil Prices Rise Insufficient to Cover Development
Algeria >> 6/6/2016 - Prime Minister Abdelmalek Sellal said that even if the prices of raw materials, including oil mainly, increase in the future, they will not be sufficient to cover the country’s economic development. ...
WesternZagros Receives Approval for Garmian Field Development Plan
Iraq >> 5/31/2016 - WesternZagros Resources Ltd. announces the approval of the Garmian Block Field Development Plan ("FDP") from the Kurdistan Regional Government ("KRG") and the submission of the Kurdamir Block FDP. Bot...
Tehran Calls for Cooperation with Kiev in Field of Energy
Ukraine >> 5/30/2016 - President Hassan Rouhani called for cooperation between Iran and Ukraine in fields of energy and transit. He made the remarks in a meeting with Ukraine’s Foreign Minister Pavlo Klimkin. ...
Range Resources Commences Beach Marcelle Waterflood
Trinidad and Tobago >> 5/30/2016 - The Company is pleased to provide an update on its waterflood projects in Trinidad with the following highlights: ...
Gas Pioneer Heimdal Turns 30
Norway >> 5/30/2016 - For 30 years the Heimdal field has been an important gas supplier to Europe and, together with Statfjord and Gullfaks, contributed to the establishment of Statpipe. Its anniversary is being celebrated...
Iran & India Agree to Develop Farzad B
Iran >> 5/26/2016 - Iran’s oil minister, BijanNamdarZanganeh, and his Indian counterpart signed a Memorandum of Understanding (MoU) on Farzad B field development planto be carried out by National Iranian Oil Company (NIO...
China to Offer North Azadegan MDP Next Week
Iran >> 5/25/2016 - Contractor of North Azadegan development plan said Chinese developers are to present the field’s master development plan (MDP) as soon as possible. ...
New Delhi Seeks to Run Operations of Iranian Oil Field
Iran >> 5/25/2016 - A new report says India’s largest oil company seeks to operate an Iranian oil field in the Persian Gulf. According to the Economic Times, Indian Oil Corp (IOC), has made a bid to operate and produce c...
SOCAR Hosts Petronas Delegation
Azerbaijan >> 5/23/2016 - SOCAR President Rovnag Abdullayev held a meeting with a delegation of Petronas, Malaysia, led by Senior Vice President of the company Mohamad Johari Dasri. Rovnag Abdullayev welcomed the guests and co...
Gazprom & Thai Oil and Gas Company PTT Sign MoU
Russia >> 5/18/2016 - Alexey Miller, Chairman of the Gazprom Management Committee, and Tevin Vongvanich, President and Chief Executive Officer of the Thai state-owned company PTT, signed in Saint Petersburg the Memorandum ...
Aramco Awards $1bn Hasbah Expansion Contract to L&T and Emas AMC
Saudi Arabia >> 5/16/2016 - State oil giant Saudi Aramco has awarded a $1 billion-plus contract to India's Larsen & Toubro (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, industry sour...
Iran Prepares Ground for Development of Northern Oil Field
Iran >> 5/13/2016 - Required preparations for development of Sardar-e Jangal Oil Field based on the new oil and gas contracts have been done, Khazar Exploration and Production Company(KEPCO) Acting Managing Director Farh...

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