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Development News

Cooper to Test Bunian-3 Development Well in Sukananti KSO
Indonesia >> 3/24/2015 - Cooper Energy has advised that the Bunian-3 development well is currently making preparations to sidetrack at 1,055 metres after having reached a total depth of 1,704 metres in the Talang Akar Formati...
Gazprom Board of Directors Addresses Issue of Exchange Gas Trade Development in Russia
Russia >> 3/24/2015 - The Gazprom Board of Directors took notice of the information about the development of the exchange gas trading system. The Management Committee was tasked to proceed with this activity. ...
PetroNeft Resources Provides Operations Update
Russia >> 3/20/2015 - AIM-listed PetroNeft, an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, has provided an update on operations at Licence 61. ...
Sudanese Delegation Visits SOCAR
Sudanese Delegation Visits SOCAR Sudan >> 3/18/2015 - SOCAR First Vice-President Khoshbakht Yusifzade received the Sudanese delegation led by Foreign Minister Ali Ahmed Karti.Mr. Yusifzade stressed the role of such visits in terms of deepening and expand...
$11.78m Drawn from BNP Paribas Facility & Goudron Field Update
Trinidad and Tobago >> 3/17/2015 - LGO Energy through its wholly owned subsidiary, Goudron E&P Limited, has drawn an initial US$11.78 million from the US$25 million pre-paid oil swap facility agreement with BNP Paribas to fully fund th...
Egypt Signs Deal to Help Develop Iraqi Fields
Egypt Signs Deal to Help Develop Iraqi Fields Egypt >> 3/15/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, and H.E Dr. Ali Al-Omair, Minister of Oil Kuwait , witnessed the signing of an agreement on 15th March 2...
OGX Notifies Remora Field Devolution to ANP
Brazil >> 3/12/2015 - OGPar and OGX have notified the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP) of the devolution of Remora Field, located at Campos Basin, block C-M-499. ...
New Timeline for Johan Castberg and Snorre 2040
Norway >> 3/6/2015 - The licensees in the Johan Castberg and Snorre 2040 licences have decided to spend more time on the projects. ...
OGPar Postpone Due Date for Tubarao Martelo Delivery
Brazil >> 3/5/2015 - Ogpar and OGX inform the market, in addition to the material fact released on February 27th, 2015, that the Company requested for the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis ("ANP...
Exxon in Talks with Iraq over Oil Agreements
Iraq >> 3/4/2015 - Exxon Mobil Corp is in discussions with the government of Iraq to restructure oil agreements in a way that would help that country meet its near-term cash needs, Chief Executive Officer Rex Tillerson ...
Gazprom & Petrovietnam Getting Ready for Signing Agreement to Develop Two Fields
Russia >> 3/2/2015 - The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Nguyen Quoc Khanh, President and CEO of the PetroVietnam Oil and Gas G...
KrisEnergy Announces 2014 Results & Operations Review
Indonesia >> 3/1/2015 - KrisEnergy, an independent upstream oil and gas company, has announced unaudited results for the year ended 31 December 2014 ('FY2014') and provides an operational update together with a review of its...
Revaluation of the Tubarao Martelo Field Development Plan
Brazil >> 2/27/2015 - OGPar announces to its shareholders and to the market that due to the oil price sharp decline in the international market, from approximately US$ 104/barrel, in August of 2014, to US$45/barrel, in Jan...
Development Plan for Peregrino Phase II Submitted
Brazil >> 2/27/2015 - Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas...
Eni Signs 2 Agreements with the Government of the Republic of Congo
Congo >> 2/26/2015 - Eni confirms its historical commitment in Congo with the signature of two agreements at Palazzo Chigi, underwritten by Eni’s CEO Claudio Descalzi in the presence of the President of the Republic of Co...
Orca Exploration Provides Update on Operations in Tanzania
Tanzania >> 2/25/2015 - Orca Exploration announced an update of its activities in respect of Songo Songo development and changes among some of the Company's key stakeholders in Tanzania. Following a Tanzania Parliament revie...
Aramco and KFUPM to Develop New Engineering Program
Aramco and KFUPM to Develop New Engineering Program Saudi Arabia >> 2/23/2015 - Saudi Aramco and King Fahd University of Petroleum and Minerals (KFUPM) recently signed a framework agreement in support of a new Petroleum Engineering and Geosciences college program.

Mem...
Aminex Reports Progress Towards Kiliwani North Gas Production
Tanzania >> 2/18/2015 - Aminex is pleased to notify shareholders that the Tanzanian Petroleum Development Corporation (TPDC), through its contractors, has now begun constructing the Skid Metering Unit within the boundaries o...
Head of CPC Took Part in an Expanded Meeting in Novorossiysk
Russia >> 2/17/2015 - CPC General Director Nikolay Brunich took part in a field meeting chaired by Deputy Transport Minister of the Russian Federation V.A. Olersky, which was held in the administrative building of FGUP Ros...
RH Petrogas Receives Approval for North Klalin Field Development
Indonesia >> 2/13/2015 - RH Petrogas has announced that the Plan of Development ('POD') for the North Klalin gas and condensate field in theKepala Burung PSC (Basin PSC), West Papua, Indonesia, has been approved by SKK Migas ...

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