Field/project development
The deal marks the biggest injection into Libya's flagging oil and gas industry in 2 decades, but not everyone in the ruling government is on board.
Projects in the running include one each from Nigeria, Saudi Arabia, and Guyana.
The $80-million preconstruction services agreement covers onshore facilities of massive, multibillion-dollar sour-gas development.
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Development of these offshore fields carries a combined price tag net to Aker BP of $19 billion.
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This year has seen the highest amount of capacity sanctioned since 2010.
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The deal awards the first concession in the Middle East for unconventional oil resources.
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A pair of innovative field development strategies are helping tame the wild, wild Permian Basin.
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I would like to highlight the following works as promising technological developments for production and facilities: innovative measurement techniques, improvements to drilling safety, new developments in piping inspection, and a very interesting study of triangular vs. circular cross-sectional pipes.
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The standalone FPSO destined for Senegal’s first offshore oil development is on its way to a Singapore yard for topsides integration and commissioning.
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Cassia C is BP Trinidad and Tobago's first offshore compression platform.
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The subsea partners secured a contract for the Cypre gas project offshore Trinidad and Tobago.
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Seven facilities design and public engagement principles are identified as key elements for the future oil and natural gas production facilities for the DJ Basin, and maybe even as a guide for other North American onshore shale basins.
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The Norwegian operator cites inflation and uncertainty surrounding supplier markets as factors in the decision.