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Development News

Medco Energi Commences Development of Block A Gas, Aceh
Indonesia >> 1/28/2015 - Medco Energi Internasional through its subsidiary Medco E&P Malaka has signed a Gas Sales and Purchase Agreement (GSPA) Block A, Aceh and Amendment GSPA South Sumatera Block. The total gas volume is o...
YPF and Sinopec Sign MOU to Develop Oil and Gas Projects
Argentina >> 1/28/2015 - The president and CEO of YPF, Miguel Galuccio and President of Sinopec, Fu Chengyu, signed a Memorandum of Understanding (MOU) with the intention of making a strategic partnership to develop projects ...
Eni Sanctions Offshore Cape Three Points Project in Ghana
Ghana >> 1/27/2015 - Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreeme...
Ivanhoe Energy Scales Back Activities in Ecuador
Ecuador >> 1/21/2015 - Ivanhoe Energy Inc. announced that the company is scaling back its activities in Ecuador in response to significantly lower oil prices and a delay in discussions with Ivanhoe's partner on moving ahead...
The President of the Russian Federation Awarded Rosneft Officials
Russia >> 1/21/2015 - The President of the Russian Federation awarded Rosneft official for their contribution to the development of the energy sector and long and responsible service. ...
South Azadegan Oil Field Progress Satisfactory
Iran >> 1/10/2015 - The first phase of development plan of South Azadegan oil field will come online in 2017, operator of the project Seyyed Mahmoud Marashi said. ...
South Pars Development on Schedule
Iran >> 1/10/2015 - Development plan of South Pars gas field is going ahead on schedule and remaining phases of the mega project will come online based on preset priorities, the member of Energy Commission of the parliam...
SacOil Starts Development Operations at Lagia Field
Egypt >> 1/6/2015 - SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited (Mena), is pleased to announce the commencement of field development operations at its 100% owned Lagia oil...
KrisEnergy Receives Nod to Develop Lengo Gas Field
Indonesia >> 12/31/2014 - KrisEnergy Ltd., an independent upstream oil and gas company based in Singapore, announced that the Government of Indonesia has approved the plan of development (POD) for the Lengo gas field in the Bu...
Gov’t Okays Joint Fields Development
Iran >> 12/30/2014 - The government’s Economic Council has given its nod for the integrated development of oil fields located in West Karoun region of Iran. ...
Declaration of Commerciality for the Iara Area
Brazil >> 12/30/2014 - BG Group announced that its partner Petroleo Brasileiro S.A. (Petrobras), as the operator of block BM-S-11 in the pre-salt Santos Basin, has submitted the Declarations of Commerciality (DoC) to the Br...
Hendijan Field Development Under Way
Iran >> 12/27/2014 - Development of Hendijan oil field is under way with pipe-laying operations having been completed, managing-director of Iran Shipbuilding & Offshore Industries Complex (ISOICO) said. ...
BP & SOCAR Ink Caspian PSA Agreement
Azerbaijan >> 12/22/2014 - BP Plc and the State Oil Company of the Republic of Azerbaijan (SOCAR) signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area ...
Rosneft Board of Directors Approves 2015-2016 Business Plan
Russia >> 12/18/2014 - Rosneft’s Board of Directors reviewed preliminary results of the Company’s performance in 2014 and approved the 2015-2016 plan. ...
Azonto Grants EEA for Gazelle Field Offshore Cote D'Ivoire
Ivory Coast (Cote D'Ivoire) >> 12/18/2014 - Azonto has been advised by its affiliate Vioco Petroleum Limited (Vioco, 35% Azonto, 65% Vitol) that the President of Cote d'Ivoire, Alassane Ouattara, has signed an Exclusive Exploitation Authorisati...
Development Plan for Gullfaks Rimfaks Valley Submitted
United States >> 12/16/2014 - Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development w...
Gazprom Boosting Gas Industry in Eastern Russia
Russia >> 12/11/2014 - The Gazprom Management Committee addressed the Company's large-scale efforts aimed at implementing the Eastern Gas Program. ...
Vaalco Completes First Development Well at Etame Field
Gabon >> 12/10/2014 - VAALCO Energy, Inc announced the completion of the Etame 8-H, the first development well drilled from the newly installed Etame platform, offshore Gabon. The Etame 8-H was drilled to a Measured Depth...
Rosneft Defined Strategic Development Goals
Russia >> 12/9/2014 - The Rosneft Board of Directors approved the main strategic objectives for Company developments. ...
NIOC to Offer at Least 40 Projects in London
Iran >> 12/8/2014 - NIOC plans to offer 40 to 50 projects for development in London conference which is slated to be held in March 2015 concurrent with introducing its new oil contract frameworks named Iran Petroleum Con...

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