Latest news
Shell puts forward plans for the development of South Azadegan and Yadavaran oil fields
Succeeding the signing of the Memorandum of Understanding in December last year, Shell advanced its plans for the construction of the South Azadegan and Yadavaran oilfields.
read more... 03/08/2017
Lukoil hopes to reach a deal on two Iranian oilfields in April
Russia’s second-largest oil producer Lukoil hopes to secure a deal to develop two oilfields in Iran in April.
read more... 28/02/2017
Socar and BP’s consortium to extend the development of Azeri-Chirag-Gunashli oilfields until 2050
Azerbaijan’s energy major SOCAR and BP-operated Azerbaijan International Operating Company (AIOC) signed a deal to extend the development the Azeri biggest fields by a quarter of century to 2050.
read more... 26/12/2016
Statoil sets $2.77 billion in maintenance deals in Norway
Norway’s Statoil unveiled on Tuesday that it awarded maintenance and modification contracts worth $2.77 billion (NOK24bn) for its offshore and onshore oil and gas facilities in Norway. The company said that the new compensation system is aimed to save on oilfield services and to encourage continuous improvement and higher productivity.
read more... 17/12/2015
Total vends Nigerian oilfield stakes estimated at above $1 billion
French oil producer Total has decided to vend a stake in an onshore oilfield in Nigeria for $569 million, bringing the profits from prior divestments in the country to over $1 billion.
read more... 31/03/2015