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Development News

Akri-Bijeel Block Declared Commercial
Iraq >> 11/1/2013 - Gulf Keystone is pleased to confirm that Kalegran Ltd., a 100% subsidiary of MOL Plc. and Operator of the Akri-Bijeel Block in the Kurdistan Region of Iraq on behalf of the Contractor (Kalegran Ltd. w...
Ascent Signs Key Contracts in Slovenia
Slovenia >> 10/31/2013 - Ascent Resources plc, the AIM listed European oil and gas exploration and production company, is delighted to announce that it has signed a series of key agreements with its Slovenian partners, which ...
Petrobras Develops Innovative Method of its Projects
Brazil >> 10/25/2013 - Petrobras is developing an innovative methodology to calculate social risk of its investment projects, as announced by its Executive Manager for Social Responsibility, Armando Tripodi, in Asuncion. Th...
Eland Provides Operations Update for OML 40
Nigeria >> 10/16/2013 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, announces the following update on activities for the OML 40 licence, lo...
Algeria Gas Plant Mends its Bullet Holes
Algeria >> 10/10/2013 - Blast charred walls have been repainted and bullet holes plastered over at the In Amenas gas plant, as Algeria tries to tempt foreign oil workers back to the Sahara. ...
TAQA Receives Approval for Oilfield Development in KRG
TAQA Receives Approval for Oilfield Development in KRG Iraq >> 10/7/2013 - TAQA, the international energy company from Abu Dhabi, has received approval from the Kurdistan Regional Government (KRG) for the first phase in the development of the Atrush Block in the Kurdistan re...
Iranian Oil Minister Issues New Orders for South Pars Field
Iran >> 9/30/2013 - Iranian Oil Minister Bijan Namdar Zanganeh has issued three orders aimed at promoting the development of the South Pars gas field. ...
Total Launches the Development of Incahuasi Field
Bolivia >> 9/25/2013 - Total announces the final investment decision for a first development phase of the Incahuasi gas and condensate field in Bolivia, following the successful drilling results of the ICS-2 exploration wel...
Cooper Basin PEL 92 Development Programme Commenced
Australia >> 9/23/2013 - Cooper Energy Limited announces that a 4 well drilling campaign has commenced in PEL 92 on the western flank of the Cooper Basin, with the spudding of Windmill-2. ...
Development of 16 New Oil and Gas Fields in Qeshm Island
Iran >> 9/21/2013 - Mahmoud Zirakchian Zadeh, the managing director of IOOC, said, the development of "Hengam" oil field has paved the way for extending other fields in Qeshm Island and it is our final goal to turn the i...
India to Develop Oil and Gas Projects in Iran
Iran >> 9/18/2013 - As the Indian government gets ready to float a separate company for developing an oil/gas block in Iran, it has started diplomatic talks with the U.S. on the issue, to avoid Western sanctions. ...
Ramba Finishes Development Drilling at Jatirangon TAC
Indonesia >> 9/17/2013 - Ramba Energy is pleased to announce that the Company has completed the deepening of the JRR-1 production well at 18:00 hours on 8 September 2013. ...
BP Awarded Over £1b of Contracts to UK Companies
Scotland >> 9/11/2013 - BP announced that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal...
Declaration of Commerciality for Miran Field
Iraq >> 9/3/2013 - Genel Energy plc (Genel) is pleased to announce that a Declaration of Commerciality (DoC) for the Miran field has been approved by the Ministry of Natural Resources of the Kurdistan Regional Governmen...
Iran Oil Minister Pushes for Completing South Pars Development Plan
Iran >> 8/31/2013 - Iranian Oil Minister Bijan Namdar Zanganeh has called for allocating as capital and equipment as necessary to complete the development of the South Pars gas field in the shortest possible time. ...
Major Development Plan for Irans Tusan Oilfield Finalized
Iran >> 8/31/2013 - The major development plan for the Tosan oilfield in Southern Iran was finalized and submitted to the Iranian Offshore Oil Company (IOOC). ...
Venezuela's Minister of Petroleum Met Eni's CEO
Venezuela >> 8/29/2013 - Rafael Ramirez, Venezuela’s Minister of Petroleum, and Paolo Scaroni, CEO of Eni, met in Caracas to discuss activities and joint projects in Venezuela. ...
Max Successful Drilled BOR-4 Well in Borkyldakty Kazkh Field
Kazakhstan >> 8/27/2013 - Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has finished drilling the BOR-4 development well in the Borkyldakty Field, re...
Brazil to Reject OGX's Tubarao Azul Plan
Brazil >> 8/26/2013 - Brazil's oil industry watchdog plans to reject OGX Petroleo e Gas Participacoes SA's plan to develop the Tubarao Azul offshore oil field, two government sources with direct knowledge of the situation ...
Five New Firms Selected by Iraq for Nassiriya Bid
Iraq >> 8/16/2013 -  Iraq has selected five additional international oil companies to bid for the development of its Nassiriya oil field and the construction of a new 300,000 barrels per day refinery, the oil ministry sa...

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