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.
-
Companies join forces in carbon capture project near LNG facility. -
The new production vessel will be installed at the state oil company’s Parque das Baleias complex.
-
Africa’s first floating LNG facility will be towed from South Korea to its new home on the Coral South project.
-
Norwegian oil firm chooses Aker, Sevan, TechnipFMC and others to continue studying $8-billion-plus Barents Sea development.
-
Oil production from West Africa has fallen from last year’s depressed levels and will remain down without increased investment.
-
Shell’s sibling solutions for its Vito and Whale deepwater US Gulf developments are proving the “design one, build two” model can work.
-
Over the past 30 years Caspian nations such as Azerbaijan and Kazakhstan have built thriving economies on oil and gas wealth led by global energy companies and a handful of megaprojects. As times change, that model may need to be reassessed.
-
FPSO Sepetiba will be deployed at Petrobras’ Mero field in the Santos basin offshore Brazil.
-
Cabaça North will increase and sustain the plateau of the FPSO Armada Olombendo.
-
Project is part of BP’s plan to grow GOM production to 400,000 B/D by mid-decade.
