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Sonatrach, Total, Repsol sign new gas deal in Algeria

Algeria’s state oil company, Sonatrach, Total and Repsol on Monday signed a new concession contract for the Tin Fouye Tabnkoft (TFT) onshore gas and condensate field in Algeria, extending their participation for another 25 years.

read more... 12/06/2018


Iraq started exporting oil to Iran from one of world’s largest deposits

Iraq has begun export deliveries of oil from the fields of the Kirkuk province to Iran. Transportation of oil from Kirkuk to Iran is a part of an agreement concluded between the two states’ oil ministries providing for exports in the amount of 30 to 60 thousand barrels per day.

read more... 04/06/2018


Shell starts production in Kaikias field one year ahead of schedule

Royal Dutch Shell has announced that it will be starting production at the Kaikias field in the Gulf of Mexico a year ahead of the planned start.

read more... 01/06/2018


Norway's Equinor, SOCAR sign Caspian oil field deals

Norway's Equinor and Azerbaijani state oil company SOCAR signed a risk service agreement for the development of the Karabagh oil field in the Caspian Sea, Equinor said on Wednesday.

read more... 31/05/2018


Mozambique plans to sign gas agreement with Rosneft, ExxonMobil by yearend

Mozambique plans to sign an agreement with Rosneft and ExxonMobil on gas field exploration in the north of the country by the end of 2018, Foreign Minister of Mozambique Jose Pacheco said following the talks with Russian top diplomat Sergey Lavrov on Monday.

read more... 29/05/2018