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DNO Completes First Phase of Drilling Campaign at Tawke Oil Field, Iraq
November 11, 2016
DNO, the Norwegian oil and gas operator, announced a third consecutive quarter of operating profits and the completion of the first phase of the 2016-2017 drilling campaign at its Tawke field in the Kurdistan region of Iraq. Four new production
KMG EP Releases Exploration Results of Rozhkovskoye Gas Field Well, Kazakhstan
November 11, 2016
JSC KazMunaiGas Exploration Production (KMG EP) has announced the results of an exploratory appraisal well at the Rozhkovskoye field, located in the Fedorovsky block. During testing of the lower formation of Tournaisian reservoir in the exploration well U-25, drilled in
Total Signs Deal to Develop Phase 11 of South Pars Gas Field, Iran
November 11, 2016
French oil major Total has signed an agreement with the National Iranian Oil Company (NIOC) for the development of phase 11 of South Pars gas field located in the Iran’s Persian Gulf. The world’s largest gas field, South Pars is
Australia-based OMV to Sell Its UK Business to Siccar Point Energy for $1 Billion
November 11, 2016
Austrian oil and gas firm OMV has signed an agreement to divest its wholly-owned subsidiary OMV (U.K.) to Siccar Point Energy for $1bn. Siccar Point is a backed by funds managed by Blue Water Energy and Blackstone Energy Partners. OMV
BP Signs Extended Licensing Agreement for $16 Billion Khazzan Gas Field, Oman
November 11, 2016
BP and Oman Oil Company Exploration & Production have signed extended licensing agreement for further development of the Khazzan tight gas field located in Block 61 in Oman. The field, which is estimated to cost $16bn, expected to produce 1.5
Shell, CNOOC JV Wins Approvals to Take Over Petrochemical Complex, China
November 9, 2016
Shell Nanhai and China National Offshore Oil (CNOOC) joint venture has received all the necessary government approvals to take over the CNOOC’s petrochemical complex in China. The project, which is now owned and operated by joint venture CNOOC and Shell
Venezuela’s PDVSA Signs $1.4 Billion Financing Deals to Boost Oil Production Capacity
November 9, 2016
Venezuelan state oil company Petróleos de Venezuela (PDVSA) has signed $1.45bn worth financing deals with a local firm and India’s Oil and Natural Gas Corporation (ONGC) Videsh in a bid to boost production at joint venture operations. ONGC has agreed
Technip, FMC Technologies Receive EPCI Contract for Trestakk Oil Field Development, Offshore Norway
November 9, 2016
FMC Technologies and Technip alliance has received an integrated engineering, procurement, construction, and installation (EPCI) contract from Statoil for its Trestakk field in the Norwegian Sea. The contract was won based on an optimized subsea field layout, accomplished through close
Al Reyadah JV Partners Commission Carbon Capture Utilization and Storage Project, UAE
November 9, 2016
Abu Dhabi’s Al Reyadah joint venture partners have commissioned a commercial-scale carbon capture, utilization and storage (CCUS) facility designed to reduce up to 800,000 tons of CO₂ emissions annually. Al Reyadah is a joint venture between Abu Dhabi National Oil
Reliance Industries to Challenge Indian Government’s $1.55bn Fine on Gas Extraction, KG basin
November 9, 2016
India-based Reliance Industries (RIL) has said that it will issue a notice of arbitration to the country’s government for imposing a hefty fine on the extraction of gas in KG-D6 block in Krishna-Godavari basin. The Indian government has asked RIL
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