deepwater
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The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
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With the Vaca Muerta home to some of the world’s most-productive wells, and the Permian still going strong, if increasingly gassier, Rystad sees shale as resilient.
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Eni reports its latest deepwater exploration well offshore Côte d'Ivoire found gas and condensate in high-quality Cenomanian sands in the Calao channel complex.
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The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
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Autonomous drilling through managed pressure drilling (MPD) at the Atlantis field has given the operator confidence to scale the method.
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The awards build on Tenaris’ role in earlier phases of the ultradeepwater Black Sea project.
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Shell CEO Wael Sawan said Nigeria’s improving investment climate is boosting its appeal for long-term oil and gas investment.
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Big projects are expected to add oil and gas to the energy mix in some regions while maturing basins contribute to drops in other areas.
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Among the awards are contracts for four currently idle deepwater rigs.
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The London-headquartered independent acquires position in the US Gulf while preparing Zama for final investment decision.
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