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Development News

Mira Announces Field Development Decision
Nigeria >> 3/22/2013 - Mira Resources Corp announces that the Board of Directors has decided to develop the Tom Shot Bank Field (the "TSB Field") and take the field into oil production. Mira owns a 48% interest in the TSB F...
Total Launches Moho Nord Development
Congo >> 3/22/2013 - Total, operator of the Moho-Bilondo license announces the final investment decision and EPC contract awards for the Moho Nord development, consisting of the Moho-Bilondo Phase 1bis and Moho Nord proje...
Tap Secures Manora and Corporate Financing Facilities
Thailand >> 3/15/2013 - Tap Oil Limited is pleased to announce it has executed a USD $50 million field development facility for the Manora Oil Development in Thailand and a AUD $20 million corporate facility, both with the C...
Eland Oil & Gas Provides Update on OML 40
Nigeria >> 3/8/2013 - Eland Oil & Gas plc, an oil & gas development and exploration company operating in West Africa with a principle focus on Nigeria, is pleased to announce the following update on OML 40. ...
Ahmadinejad in Fars Province to Open ICOFC Projects
Iran >> 2/26/2013 - President Mahmoud Ahmadinejad arrived here in southern country on Tuesday to open a number of big-scale development projects. ...
Successful Development Well Drilled in Kazakh Zhana Makat Field
Kazakhstan >> 2/22/2013 - Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ZMA-A20 development well in the Zhana Makat Field has successfully reached a total depth ...
Spudding of 1st Well of Phase-III of Kharsang Field
India >> 2/19/2013 - Jubilant is pleased to announce the spudding of well KPL-3E-7 on 18 February 2013. This is the first of the planned six well Phase-III-Extension development drilling campaign in the oil producing Khar...
DOE Approves Integrated Development for Cadlao Project
Philippines >> 2/18/2013 - Raisama Energy Limited has been advised by Cadlao Development Company Limited (“Cadco”), the Operator of Service Contract SC6 (Cadlao) which contains the Cadlao Redevelopment Project, that it has rece...
Salamander Provides Bualuang Field Operational Update
Thailand >> 2/18/2013 - Salamander Energy plc announces that the first four wells of the current sixteen well development drilling programme on the Bualuang oil field, Gulf of Thailand are now in production and have been per...
BG Group Starts New Extended Well Test at Sapinhoa
Brazil >> 2/18/2013 - BG Group announced the start of a new extended well test in the Sapinhoa North area of the BM-S-9 concession in the pre-salt Santos Basin marking the delivery of another milestone in the field develop...
Tullow Provides 2012 Operational Results for Uganda
Uganda >> 2/13/2013 - Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its results for the year ended 31 December 2012. ...
Primeline Announces Approval of Development Finance
China >> 2/11/2013 - Primeline Energy Holdings Inc. is pleased to announce that it has received confirmation that the credit committee of China Development Bank (CDB) has approved in principle the project finance facility...
Nargesi Gas Injection to Start Up Soon
Iran >> 2/9/2013 - According to managing director of national Iranian south oilfields company, Nargesi gas injection project has been started up for a trial stage. ...
Gazprom Neft is Successfully Developing Tight Reserves
Russia >> 2/4/2013 - In 2013, Gazprom Neft will increase substantially the extent of its horizontal well drilling operations with multiple hydro-fracturing as part of its efforts to develop hard-to-recover reserves. ...
President Provides Operational Updates in Argentina
Argentina >> 1/30/2013 - President Energy provides an update on its operations in Argentina. ...
CNOOC Ltd 2013 Business Strategy and Development Plan
China >> 1/30/2013 - CNOOC Limited announced a summary of the company’s business strategy and development plan for the year 2013. The company's net production target of 2013 is in the range of 338 to 348 million barrels o...
Alliance Plans to Reduce Upstream Capital Expenditures
Alliance Plans to Reduce Upstream Capital Expenditures Russia >> 1/29/2013 - For 2013, Alliance Oil Company plans to further reduce upstream capital expenditures to 250-290 MUSD and focus on organic development of production assets in all regions, launching gas production in t...
Dana Gets Green Light for Development in Egypt
Egypt >> 1/29/2013 - Dana Petroleum has been given the go-ahead by the Egyptian government to further develop the Nefertiti oil field in the Gulf of Suez following the successful completion of an appraisal well. ...
Kuwait Energy Signs Contract with Iraq for Block 9
Kuwait Energy Signs Contract with Iraq for Block 9 Iraq >> 1/27/2013 - A Kuwait Energy-led consortium and the Iraqi Ministry of Oil signed the final service contract for the exploration, development and production of Basra’s block 9. ...
Mexico & Brazil Agreed to Look into Joint Projects
United States >> 1/26/2013 - Mexico and Brazil have agreed to look into establishing joint projects involving state-run energy companies Pemex and Petrobras, Mexican President Enrique Pena Nieto said. ...

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