Field/project development
ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.
Thanks to stepout-well and tieback technologies, Shell’s Mars platform is the first single offshore platform in the US Gulf to produce 1 billion bbl of crude over its lifetime with production expected to continue into the 2040s.
BP said it expects to keep the Azeri-Chirag-Gunashli (ACG) project in production into the 2040s by tapping into separate nonassociated gas reservoirs.
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The paper describes a parameter inversion of reservoirs based on featured points, using a semi-iterative well-test-curve-matching approach that addresses problems of imbalanced inversion accuracy and efficiency. -
An oversupply of LNG carriers is putting downward pressure on charter rates, pushing them to historic lows. Newbuild LNG carrier deliveries have been outpacing the construction and permitting of new liquefaction facilities needed to support them.
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The agreement allows BP to maintain control over its stake in the TANAP pipeline, which transports gas from the Caspian Sea to Europe through Turkey, while unlocking nearly $1 billion in capital as part of its divestment program.
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Cooldown cargo is set to be delivered to Kitimat, BC, from Australia in early April, the final step prior to official startup.
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Argentina’s YPF forecasts the $3 billion oil pipeline and export terminal will carry 180,000 B/D when it goes onstream in 2026.
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Operator targeting 2029 for first production from the pre-salt gas-condensate discovery off Brazil.
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The new joint venture aims to apply US expertise to unlock Turkey's domestic unconventional resources, helping it to achieve its goal of energy independence and to become a regional hub and major exporter of LNG.
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The Halten East project in the Norwegian Sea involves fields that if developed independently would be considered too marginal to be economically attractive.
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The production unit for the Balder field in the North Sea is expected to go on-stream in the second quarter of 2025 following the staged tow-out of the FPSO.
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Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon.
