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Touted as the Mediterranean Sea’s largest-ever gas discovery, the “supergiant” Zohr field is expected to cover much of Egypt’s gas demand in the coming decades. -
If proven economic, solar EOR technology could represent an environmentally and energy friendly solution for California’s heavy oil producers.
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With their newly refined portfolios, operators are looking toward growth in the coming years but will remain cautious given ever-changing industry economics.
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Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
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OPEC and a Russian-led group of non-OPEC producers agreed to extend their deal to collectively curb oil production until the end of 2018, following through on their efforts to rebalance the oil market and support higher crude prices.
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Obstacles remain to keeping offshore development competitive with its onshore counterpart. Can the industry advance technology at a pace where the subsea segment will see a resurgence?
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One of the largest presalt discoveries offshore Brazil has started producing oil. Libra field’s 1-year extended well test will provide technical data and cash for future development, which envisions three more FPSOs.
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Advancements in extended-reach drilling continue from the ExxonMobil-operated Sakhalin-1 project. The latest “super complex” horizontal well stretches 15,000 m, which partner Rosneft says is a “world record.”
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ConocoPhillips is producing more oil from the North Slope as it advances development of the massive, historic region. The 1H NEWS viscous oil project is expected to flow 8,000 b/d at peak in 2018.
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Total is making an LNG push by spending up to $2 billion for assets belonging to fellow French firm Engie.
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