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Mozambique Rovuma Venture submitted the development plan for the first phase of the project, which will produce, liquefy, and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique. An FID is scheduled next year, with production expected to begin in 2024.

The offshore export terminal, capable of accommodating very large crude carriers, could provide access to international markets in Asia and Europe—and higher prices—for Permian, Cushing, and Eagle Ford crude oil.

Venture groups spend their time evaluating hundreds of companies each year to only make a handful of investments. These two cover interesting ends of the upstream spectrum: aerial drones and downhole artificial lift.

A weekly quiz from JPT editors drawing from facts in JPT stories and other energy related news of the week.

Explanation and related resources for the questions of the first JPT weekly quiz.

The $1.5-billion deal delivers a world market share of 10%, including a 16.6% stake in the US Cameron LNG project.

The latest entrants to tackle the development of barrier-fluid-less subsea pumps are Saipem and Curtiss-Wright Corp., who agreed to collaborate in designing and building pumps for water treatment and injection.

Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.

The past years’ stable workforce levels in the upstream petroleum industry—balanced by increases in shale workers and decreases in offshore workers—are set to shift with a boost in offshore projects, one research firm says.

The oil and gas industry has vastly accelerated the pace of approving investments for new projects over the past 18 months. New facilities worth more than $110 billion have been approved for development since the beginning of 2017 vs. only $50 billion in 2016.