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Development News

Iran Expects New Oil Deals to Attract $25bn
Iran >> 8/13/2016 - Iran says it is determined to press ahead with the implementation of its future oil sector projects through the newly drafted format of contracts with one senior official saying that the new contracts...
Development and Operation Plan of the Utgard discovery in the North Sea
Norway >> 8/9/2016 - Statoil and its partners have submitted the Plan for Development and Operation (PDO) and the Field Development Plan (FDP) for the Utgard gas and condensate discovery in the North Sea to Norwegian and ...
New Suez Canal Project: Turn Suez Canal into an Integrated Development Area
New Suez Canal Project: Turn Suez Canal into an Integrated Development Area Egypt >> 8/7/2016 - Prime Minister Sherif Ismail congratulated the Egyptian people and the Armed Forces on the anniversary of the July 23 Revolution. ...
Lukoil Continues Facility Construction for Second Stage of Filanovsky Field Development
Russia >> 8/4/2016 - LUKOIL commenced transportation of jackets for the offshore ice-resistant stationary platform #2 from the port of Astrakhan to the Filanovsky field in the Caspian Sea. The platform is intended for dri...
Trinidad Development Drilling Update
Trinidad and Tobago >> 8/4/2016 - Range is pleased to confirm that the MD-251 well which was spudded on 15 July 2016 has reached target depth of 3,900 feet, ahead of the original schedule. Preliminary analysis of the well indicates ap...
Iraq Seeks Exxon, Petrochina Help to Develop Two Oil Fields
Iraq >> 7/27/2016 - Iraq is negotiating with Exxon Mobil Corp. and Petrochina Co. to develop two oil fields in the south of the country as it seeks to maintain overall production at about 4.8 million barrels a day for th...
Bashneft & the Skolkovo Foundation Sign a Strategic Cooperation Agreement
Russia >> 7/13/2016 - PJSOC Bashneft and the Skolkovo Foundation have signed a Strategic Cooperation Agreement. The aim of the Agreement is to promote research and technical cooperation in the development and implementatio...
Sapurakencana & Petronas Reach Agreement for Cessation of Berantai RSC
Malaysia >> 7/11/2016 - SapuraKencana Petroleum Berhad would like to announce that its wholly-owned subsidiaries, Sapura Energy Ventures Sdn. Bhd. and Kencana Energy Sdn. Bhd. and their partner, Petrofac Energy Developments ...
Swiber's EPCIC Work in West Africa Delayed by Industry Slowdown
Singapore >> 7/8/2016 - The board of directors of Swiber Holdings Limited (the "Company" and together with its subsidiaries, the “Group”) refers to the announcement made by the Company on 15 December 2014 in relation to its ...
Consent for Extended Lifetime for the Tambar Facility
Norway >> 7/8/2016 - The Norwegian Petroleum Directorate is giving the green light to use the facility on the Tambar field in the North Sea until 1 January 2022. This coincides with the expiry of production licence 065. T...
Up to 12b cm Gas to Be Injected to Oil Reserves by March 20
Iran >> 7/6/2016 - Head of the Dispatching Unit in National Iranian Gas Company Abdolreza Ebrahimian says up to 12 billion cubic meters of gas will be injected to oil reserves by March 20, marking end of the current Ira...
Gazprom & BASF Express Appreciation for Their Cooperation in Hydrocarbon Production in Russia
Russia >> 7/4/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place today at the Company's headquarte...
Greater Enfield Oil Development Approved
Australia >> 6/27/2016 - Woodside advises that with Joint Venture participant Mitsui E&P Australia, the Greater Enfield Project has been approved for development. ...
Iran Plans Tenders for Oil Fields this Summer as Contract Nears
Iran >> 6/27/2016 - Iran plans to issue tenders to develop its oil fields this summer as the government is expected to approve a new model oil contract designed to attract investors 'in a short amount of time,' Oil Minis...
Rosneft & Shandong Kerui Petroleum Equipment Sign a Strategic Cooperation Memorandum
Russia >> 6/25/2016 - Rosneft and Shandong Kerui Petroleum Equipment have signed a Memorandum of Understanding on strategic cooperation in the area of oilfield services. The document was signed by Rosneft CEO Igor Sechin a...
Rosneft & Beijing Enterprises Agreed on Joint Operations on Projects in East Siberia
Russia >> 6/25/2016 - Rosneft and Beijing Enterprises Group Company Limited (“Beijing Enterprises Group”) have signed Heads of Agreement for cooperation in a number of spheres. The document was signed in the presence of th...
BP Sanctions “Fast-Track” Development of Atoll Discovery
BP Sanctions “Fast-Track” Development of Atoll Discovery Egypt >> 6/20/2016 - BP announced today that together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned development of the Atoll Phase One project which is an early production scheme that will bring ...
Gazprom Neft Signs Cooperation Agreement with DeGolyer & MacNaughton
Russia >> 6/18/2016 - Gazprom Neft has entered into a cooperation agreement with the DeGolyer and MacNaughton corporation, signed at the St Petersburg International Economic Forum during a meeting between Gazprom Neft Firs...
Gazprom & RusGazDobycha Sign Term Sheet to Develop Group of Fields in Yamal-Nenets Autonomous Area
Russia >> 6/17/2016 - Alexey Miller, Chairman of the Gazprom Management Committee, and Artyom Obolensky, Director General of RusGazDobycha, today signed at the St. Petersburg International Economic Forum 2016 a Term Sheet ...
Gazprom & Indian Companies to Collaborate on Oil, Gas Projects
Russia >> 6/16/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dharmendra Pradhan, Indian Minister of Petroleum and Natural Gas, took place today at the St. Petersburg Inte...

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