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Development News

Bowleven Submits Bomono Plans to Develop Bomono
Cameroon >> 12/16/2015 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that is has submitted the Bomono Exploitation Authorisation Application (BEAA) to the Cameroon authorit...
Statoil Receives Consent for Modifications at Kristin & Tyrihans
Norway >> 12/10/2015 - Statoil has received consent for modifications at Kristin and Tyrihans in connection with tie-in of the Maria field. Kristin is a gas condensate field at Haltenbanken in the Norwegian Sea. Statoil is ...
Lukoil Approves Key Indicators for 2016–2018 Medium-Term Plan
Russia >> 12/10/2015 - The Board of Directors of PJSC LUKOIL held a meeting in Moscow today to approve the LUKOIL Group’s key performance indicators for 2016–2018. ...
ConocoPhillips Receives Consent to Extend the Lifetime of Eldfisk
Norway >> 12/10/2015 - ConocoPhillips has received consent to extend the lifetime of facilities and pipelines on the Eldfisk field. ConocoPhillips is the operator of Eldfisk, an oil field in block 2/7 in the southern North ...
Iran to Sign $3 billion Gas Contract with Consortium of Indian Companies
Iran >> 12/6/2015 - Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency. ...
SOCAR President Visits Iran
Azerbaijan >> 11/29/2015 - SOCAR President Rovnag Abdullayev and representatives of the company’s management visited Tehran to attend the conference on Iran’s new oil contracts. Iran’s Oil Minister Bijan Namdar Zanganeh, Vice P...
ICOFC Introduces 14 Central Oil & Gas Fields to Foreign Investors
Iran >> 11/29/2015 - Iranian Central Oil Fields Company (ICOFC) introduced 9 oil fields and 5 gas fields for development investment located to the west of the country as part of proceedings of the Iran Petroleum Contracts...
Iran Offers 50 Oil Projects to Foreign Investors
Iran >> 11/28/2015 - Iran offered about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion in investments, state media reported...
Pakistan State Oil Delegates Visit SOCAR
Azerbaijan >> 11/25/2015 - SOCAR President Rovnag Abdullayev received a delegation led by Sheikh Imran ul Haque, CEO & Managing Director, Pakistan State Oil (PSO). Welcoming the guests, Rovnag Abdullayev underlined the friendly...
DNV GL Study Calls for Technology Improvements to Reduce Costs
Norway >> 11/25/2015 - OG21 received the DNV GL study of technologies that should be developed for year-round oil and gas production at 74 degrees North in the Norwegian Barents Sea. New licenses are due to be awarded in th...
CITIC Drills Development Well in PSC in Indonesia
Indonesia >> 11/24/2015 - Lion Energy Ltd. reported Tuesday that the Oseil-22 development well in Seram (Non-Bula) Production Sharing Contract (PSC) in eastern Indonesia has spud and is drilling ahead in 26 inch hole at a curr...
Statoil to Decide on Snorre 2040 Development Concept Next Autumn
Norway >> 11/18/2015 - Statoil will decide next autumn on how to upgrade the Snorre oil and gas field in the North Sea, a company executive said. ...
Approval of Sarsang Development Plan in Kurdistan
Iraq >> 11/17/2015 - The Kurdistan Regional Government of Iraq (KRG) formally approved the Field Development Plan (FDP) for the Swara Tika discovery in the Sarsang Production Sharing Contract (PSC). ...
Algeria to Focus Next Year on Mature Oilfields
Algeria >> 11/16/2015 - Algeria will focus next year on maximising output at its mature fields and seek out foreign partners with the technology to explore offshore opportunities as part of its strategy to increase output, a...
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...

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