FID

Shell CEO Wael Sawan said Nigeria’s improving investment climate is boosting its appeal for long-term oil and gas investment.

Updates about global exploration and production activities and developments.

A final investment decision is also expected by the end of the year for the company’s first low-carbon data center project.

Vår Energi and partners have officially sanctioned the Previously Produced Fields Project in the Greater Ekofisk Area. The redevelopment is expected to add high-value barrels starting in 2028, extending the production life of one of Norway’s key offshore regions.

First oil is expected from Phase 1 of the project in 2028, with up to four more phases planned.

Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.

Plans call for license partner Aker BP to serve as operator during the development phase, with operatorship reverting to DNO after first oil in 2028.

The joint venture with Nigeria's Sunlink Energies aims to deliver first production before 2030.

Mozambique is poised to become Africa’s third-largest exporter of liquefied natural gas when Coral Norte comes onstream in 2028.

The $5-billion Tiber-Guadalupe project in the Gulf of America is BP's second major project in the region to be sanctioned in 2 years.