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Development News

Saudi Gas Development Plans Hit Hurdle
Saudi Arabia >> 7/7/2014 - Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter's efforts to exploit its huge gas reserves.

The search for g...
RWE Completes 3 Appraisal Wells in Egypt
Egypt >> 7/7/2014 - RWE Dea has completed three appraisal wells in the Egyptian Sidi Salem South East-1 and Sidi Salem South East-2 Gas Fields from March to May 2014 with the aim of de-risking reserves and reducing uncer...
Rosneft Eyes New Projects; Says "No Impact" from Sanctions
Russia >> 7/6/2014 - Russian state oil producer Rosneft will shift its focus to new projects from acquisitions, at a time when the Russian economy is grappling with U.S. and European sanctions, the country's biggest oil f...
Total Launches Edradour Development
United Kingdom >> 7/3/2014 - Total, together with its partner DONG, has decided to launch the development of the Edradour gas field in the West of Shetland area, and has in addition acquired a 60% interest in the neighboring Glen...
Statoil Delays Johan Castberg Development Project
Norway >> 6/30/2014 - The partners in the Johan Castberg licence, comprising Statoil, Eni and Petoro, have decided to spend more time on making the final concept selection for the Johan Castberg project. ...
Ivar Aasen Unit Agreement and Volume Increase
Norway >> 6/30/2014 - Det norske oljeselskap ASA (DETNOR) have signed a unit agreement for the Ivar Aasen development on the Utsira High in the North Sea with the licencees in PL001B, PL242, PL457 and PL338. Det norske is ...
KrisEnergy Gives Go-ahead for Wassana Oil Development
Thailand >> 6/30/2014 - KrisEnergy Ltd has approved final investment decision for the development of the Wassana oil field in the Gulf of Thailand G10/48 licence where production is anticipated to commence in the second half...
Foreign Oil Workers Return to Work at In Amenas Gas Plant
Algeria >> 6/28/2014 - Foreign oil workers are returning to work at Algeria's In Amenas gas plant nearly a year and a half after the Islamist militant attack there that killed 40 people, a source at Algerian state energy co...
Serinus Energy Provides Operations Update
Ukraine >> 6/27/2014 - Serinus Energy Inc, announces an update on its operations in Ukraine. ...
Maxim Signs Reconnaissance Contract for Hassi Berkane Block with ONHYM
Morocco >> 6/25/2014 - Maxim Resources has signed a Reconnaissance Contract for the Hassi Berkane Block (formerly Beni Znassen Block) in the Kingdom of Morocco. Maxim signed the Reconnaissance Contract with Mrs. Amina Benkh...
Alberta Energy Regulator Signs MOU with Mexico
Mexico >> 6/23/2014 - The Alberta Energy Regulator (AER) signed a Memorandum of Understanding (MOU) with Mexico’s energy regulator, the Comision Nacional de Hidrocarburos (CNH). The MOU formalizes an agreement to work coll...
Yousfi Highlights Algeria's Efforts to Develop Energy Sector
Algeria >> 6/18/2014 - Energy Minister Youcef Yousfi presented in Moscow Algeria's efforts to develop its energy sector during his meeting with senior officials of Pakistan and Kazakhstan, said the Ministry in a communiqué....
Halliburton with Fund Energy on Development of YAMAL
Russia >> 6/17/2014 - Halliburton has executed the first contract geological assessment of Karasevskoe and Yuzhno-Tanlovskoe oil, gas and condensate fields (Project YAMAL) in partnership with Fund Energy. Fund Energy acqui...
Iraq Postpones Bidding for Nassiriya Oil Project
Iraq >> 6/17/2014 - Iraq's oil ministry has again delayed an international tendering for the development of its 4 billion-barrel Nassiriya oil field and the construction of an associated 300,000 barrel a day refinery, th...
Akkas Development Hit by Iraq Crisis
Iraq >> 6/15/2014 - Development of Iraq's Akkas gas field has been delayed because of the latest crisis in the OPEC member nation, South Korea's energy ministry said, quoting project owner Korea Gas Corp. ...
UK Government Approval of Catcher FDP
United Kingdom >> 6/12/2014 - Premier Oil plc has received approval of its Catcher area Field Development Plan (FDP) from the UK Department of Energy and Climate Change. ...
Lukoil Signs Addendum to West Qurna-2 Contract in Iraq
Iraq >> 6/5/2014 - LUKOIL President Vagit Alekperov and authorized representatives of the South and North Oil Companies of Iraq in the presence of the Minister of Oil of Iraq H.E. Abdul Kareem Luaibi signed an addendum ...
Etinde Exploitation Authorisation Application (EEAA) Update
Cameroon >> 6/3/2014 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that a significant milestone has been achieved in the development of the Etinde Permit. Following a Spe...
Azonto Provides Operations Update in Cote D'Ivoire
Ivory Coast (Cote D'Ivoire) >> 5/28/2014 - Azonto is pleased to provide the following operations update for its assets in Cote d'Ivoire and Ghana. ...
Flyndre & Cawdor Field Development Approval Supports Maersk Oil UK
United Kingdom >> 5/28/2014 - Maersk Oil UK Limited has received approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields. The fields lie approximately 293 km South East of Aberdeen in blocks 30/13 a...

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