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Development News

Husky Achieves Milestone with Madura Strait BD Gas Development
Indonesia >> 11/9/2015 - Husky Energy (HSE) and its partners have achieved a significant milestone in advancing the Madura Strait BD gas-condensate field offshore Indonesia towards production. ...
BP To Accelerate Development of 1st Phase of Atoll Field
Egypt >> 11/5/2015 - BP today announced that it has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum, His Excellency Eng. Tarek El Molla, regarding the acceleration of the development of the recen...
Azeris to Keep BP as Core Partner for Main Gas Field
Azerbaijan >> 11/4/2015 - Azerbaijan will keep BP as the core partner for its biggest gas development for many more decades, a senior official said in a move that will boost the oil major's growth prospects and allay fears ove...
SapuraKencana Gets Approval to Develop SK310 B15 Gas Field
Malaysia >> 11/4/2015 - SapuraKencana Energy Inc (SKE), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad (SKPB), has secured a Field Development Plan (FDP) approval from PETRONAS for the SK310 B15 gas field develo...
Algeria Determined to Pursue Development
Algeria >> 11/1/2015 - Algeria is "determined to pursue" development efforts despite the decline in oil revenues since it “has the necessary assets” to overcome this “difficult conjuncture”, President of the Republic Abdela...
SOCAR Hosts Russian Journalists
Azerbaijan >> 10/29/2015 - A a group of Russian journalists came to Azerbaijan on the eve of parliamentary elections have visited SOCAR head office. Khoshbakht Yusifzade, SOCAR First Vice President of Geology, Geophysics and Fi...
SOCAR Hosts Japanese Delegation
Azerbaijan >> 10/28/2015 - SOCAR President Rovnag Abdullayev received Japanese delegation led by the Minister for Economic Revitalization, Tax and Social Security Reform, Minister of State for Economic and Fiscal Policy Akira A...
Gazprom & Edison Address Cooperation Development
Russia >> 10/26/2015 - Milan hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Bruno Lescoeur, Senior Executive Vice President of Edison. ...
Successful Sail Away for Upper Zakum, UZ750 Project
United Arab Emirates >> 10/26/2015 - Petrofac is pleased to announce that Petrofac Emirates, its Joint Venture with Nama Project Services, in consortium with Daewoo Shipbuilding & Marine Engineering (DSME) has celebrated the safe and suc...
Shewashan-2 Development Well Spudded
Iraq >> 10/26/2015 - Range Energy Resources Inc. announces that, on October 8, 2015, Gas Plus Khalakan (“GPK”), the sole contractor of the Khalakan Block in the Kurdistan Region of Iraq, issued a press release stating tha...
Gazprom & Mitsubishi Address Partnership Development within Sakhalin II Project
Russia >> 10/20/2015 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ken Kobayashi, President and CEO of Mitsubishi Corporation. ...
Eni Presents Zohr Development Plan to Egypt's President
Eni Presents Zohr Development Plan to Egypt's President Egypt >> 10/19/2015 - The President of the Republic of Egypt, Abdel Fattah Al-Sisi, and Eni’s Chief Executive Officer, Claudio Descalzi, met in Cairo to discuss Eni's activities in the country. ...
BP & China's CNPC to Unveil Oil Alliance
China >> 10/18/2015 - BP and China's CNPC will next week unveil a strategic alliance to develop oil resources in Iraq and other regions, industry sources said on Friday, as Britain and China seek to tighten economic ties. ...
EMP Received Approved Plan of Further Development in Bentu PSC Block
Indonesia >> 10/12/2015 - PT Energi Mega Persada Tbk. (“EMP” or “the Company’) today reported that its Bentu PSC block in Riau Sumatera has received the approved Plan of Further Development for the Seng and Segat gas fields fr...
Bashneft Presents Its Development Strategy Through 2020
Russia >> 10/12/2015 - PJSOC Bashneft presented the Company’s long-term development programme and strategy approved by the Board of Directors for the period from 2015 through 2020. ...
Energy Investment & Regulation Conference Takes Place in Bucharest
Azerbaijan >> 10/7/2015 - The Energy Regulators Regional Association (ERRA) held its 14th Energy Investment & Regulation Conference in Bucharest on October 5-6. The conference focused on the issues like status of the energy in...
SOCAR Hosts Meeting on ACG Development
Azerbaijan >> 10/5/2015 - Representatives of BP, Statoil, ExxonMobil, Chevron, Itochu, INPEX, TPAO and ONGC Videsh held a meeting with SOCAR and SOFAZ management at SOCAR’s head office to discuss long-term cooperation within t...
Shell Delegation in Iran for Oil Talks
Iran >> 10/4/2015 - A delegation from global energy giant Royal Dutch Shell is visiting Iran for talks with the country’s oil officials. ...
Technip Awarded Additional Subsea Contract in the Gulf of Mexico
United States >> 10/2/2015 - Technip was awarded by Shell Offshore Inc. a contract for the development of subsea infrastructure for the Stones project. Included in the service are two subsea production tie-backs to the Floating P...
Iran Signs Development of Esfandiar Oilfield
Iran >> 9/20/2015 - The Iranian Offshore Oil Company (IOOC) and a Norwegian-Austrian company have signed a preliminary agreement for the development of the offshore Efandiar field, IOOC Managing Director Saeed Hafezi say...

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