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Development News

Total Acquires 49% Interest in Algeria’s Ahnet License
Algeria >> 12/22/2009 - Total announces that the consortium it has formed with Partex has been awarded a 49% interest in the Ahnet license, as part of the second bid round held by the Algerian National Oil and Gas Developmen...
Aker to Supply Subsea Boosting Systems to Petrobras
Brazil >> 11/23/2009 - Aker Solutions has signed a contract with Petrobras to supply eight subsea boosting systems (Mobo) and one ESDV (emergency valve) for the Jubarte field, located in the north of Campos Basin offshore B...
Noble Energy Announces Sanction of Aseng Project
Equatorial Guinea >> 7/22/2009 - Noble Energy, Inc. announced that the Plan of Development for the Aseng oil project has been sanctioned by the Company, its partners, and the Ministry of Mines, Industry, and Energy of the Republic of...
Sonatrach and GDF to Develop Touat Gas Licence
Algeria >> 7/7/2009 - Sonatrach and GDF SUEZ announce the development of the Touat gas licence, in southwest Algeria, near the town of Adrar, marking a major step in the project's realization. ...
Nigeria's Gbaran Ubie Gas Project "60 Pct" Complete
Nigeria >> 4/1/2009 - Nigeria's Gbaran Ubie oil and gas facility, being developed by Royal Dutch Shell and state oil firm NNPC, should be ready for commissioning this year, its project manager said. ...
Egyptian – Russian Cooperation in Oil, Gas and Mineral Resources
Egypt >> 3/18/2008 - Eng. Sameh Fahmi, Minister of Petroleum, discussed with Mr. Victor Khristenko, Russian Minister of Industry and Energy on 18/3/2008, the developments in world oil and gas markets, as well as action pl...
Chevron Confirms Development of Nigeria Deepwater Field
Nigeria >> 2/29/2008 - Chevron confirmed that its subsidiary Chevron Nigeria Deepwater Limited and its co-venturers are moving forward to develop the offshore Usan field in Nigeria. "The Usan development project adds to Che...
Mart Provides Update on First Oil Production
Nigeria >> 2/25/2008 - Mart Resources and its partners Midwestern Oil and Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited announced the following update on their operational activities at the Umusadege f...
Gran Tierra Expands 2008 Exploration and Development Activities
Colombia >> 2/4/2008 - Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, provided an update on its advancement of development drilling and testing operations in Colombia, and oil...
FCP and Sonatrach Announce MLE Field Development Approval
Algeria >> 2/19/2007 - Sonatrach and partner First Calgary Petroleums Ltd. announced the receipt of approval from the Algerian regulatory authority ALNAFT for the Development Plan for the MLE oil and gas field on Block 405b...
NICOC speeds up oil & gas development projects
Iran >> 7/17/2006 - A number of oil and gas fields located in Iran’s southern regions are currently being developed by the National Iranian Central Oilfields Company (NICOC). Development of the Shanol, Homa, Varavi, and ...
NIOC to start development of Kish gas field soon
Iran >> 6/6/2006 - The managing director of the National Iranian Oil Company (NIOC) announced here launching of the development project of Kish gas field in the near future. Having a capacity of 48 trillion cu. feet, Ki...
Development of Dehloran Oil Field to Begin Next Year
Iran >> 2/3/2006 - Deputy manger of development plans of 16 oil fields at central Iranian oil regions noted that tender bid for development operations at Dehloran oil field will be held during the current Iranian calend...
Afren Signs Agreement for Akepo Field Development
Nigeria >> 12/8/2005 - Afren Plc has signed an agreement to farm in to the Akepo field, offshore Nigeria. The Board of Afren announces that it has signed a Memorandum of Understanding with Sogenal to participate in the deve...
Mart Advises on Operational Activities & Rig Acquisition
Nigeria >> 9/18/2005 - Mart Resources, Inc. announced that development plans for Mart’s oil fields in the Niger Delta are on schedule to commence in the fourth quarter of 2005. At Umusadage, Mart and its partner plan to dri...
Devon Announces Brazilian Oil Development Plans
Brazil >> 6/30/2005 - Devon Energy Corporation announced that it plans to proceed with development of block BM-C-8, offshore Brazil. The company made an oil discovery on the block in 2004. Devon is the operator of BM-C-8 w...
30 Companies Bid for New Oil Development Contracts in Iran
Iran >> 9/12/2004 - Royal Dutch/Shell Group, Europe's second-largest oil company by market value, bid last month to develop new oil fields in Iran as its existing development contracts run out, a Shell spokesman said. ...
EQ Government Approves Development Plan for Block G
Equatorial Guinea >> 8/2/2004 - Amerada Hess Corporation announced that its Plan of Development for the Northern Block G area (AHC 85%, operator) has been approved by the government of Equatorial Guinea. ...
PanOcean Completes First Phase for Etame 5H Well
Gabon >> 6/17/2004 - Pan-Ocean Energy Corporation Limited announced the successful completion of the first phase of a new development oil well, Etame 5H, offshore Gabon and the beginning of drilling operations on a new of...
FCP Announces Joint Development of MLE Gas Field in Algeria
Algeria >> 11/2/2003 - First Calgary Petroleums Ltd. ("FCP") announces it has reached an agreement in principle with Sonatrach, the Algerian National Oil Company, to jointly develop the Menzel Ledjmet East (MLE) gas and con...

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