The National Iranian South Oil Company (NISOC) and Schlumberger signed memorandum of understanding (MoU) andand Non-Disclosure Agreement (NDA) on the study the formations of Shadegan, Parsi and Rag-e Sefid oil fields in Khouzestan.
The Nigerian National Petroleum Corporation (NNPC) said it would complete the Ajaokuta-Abuja-Kaduna-Kano gas pipeline, as well as build 1,000km crude pipeline from Niger Republic to Kaduna.
Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of the company's $30b divestment plan.
UK's Cairn Energy and Senegal joint venture partners have decided to drill two appraisal wells on the SNE oil field off Senegal in early 2017 using the Stena Drilling’s 2007-built drillship, Stena DrillMAX.
Abu Dhabi National Oil Company (ADNOC) to almost triple its annual petrochemical production. The company has also reached an agreement with Schlumberger in offshore drilling technology.