Field/project development
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.
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QatarEnergy has selected Shell as its fifth and final international partner on the expansion project. -
Something often talked about but rarely occurs is the reuse of an existing, but idled, production platform on a new field. LLOG wants to change that with ambitions to rejuvenate the former Independence Hub floating production system for use on its Leon/Castile project in the deepwater Gulf of Mexico.
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The Mammoth project follows the company’s proven Orca model but will scale up the CO2 capture capacity to 36,000 tons per year.
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Eni and ConocoPhillips will join TotalEnergies as international partners with QatarEnergy on the North Field East Expansion, the world’s single largest LNG project ever.
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Johan Castberg is the biggest oil field to ever be discovered in the Barents Sea, but a constellation of satellite fields are likely needed to keep the development afloat.
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The project partners and government came together to salvage the stalled East Canada offshore project now due to produce first oil in 2026.
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The subsea specialist will provide and install flowlines, risers, and umbilicals for the Búzios 8 project offshore Brazil.
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ExxonMobil and its partners now believe they have discovered 11 billion BOE.
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At peak, the new discoveries are expected to contribute more than 12,000 BOPD.
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In three separate incidents over the past 2 months, Chinese law enforcement vessels have challenged marine research and hydrocarbon exploration activities within the Philippines’ exclusive economic zone in the South China Sea.
