Field/project development
The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026.
The new vessel, P-78, will be deployed on the Buzios field in the Santos Basin offshore Brazil.
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
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The Eagle Ford shale currently represents about 30% of Baytex’s total production. -
More than 2.0 mtpa of LNG to come from Plaquemines LNG and CP2 LNG facilities.
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Uganda’s Lake Albert appears on track to first oil by 2025. The oil is expected to be exported via the 1443-km East Africa Crude Oil Pipeline.
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The proposed sale notice consists of more than 300,000 acres in three designated areas offshore Louisiana and Texas.
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Equinor advances Irpa and Verdande field development projects closer to first oil with a raft of contract awards.
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An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014 but more is needed.
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QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
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Environmental report recommends shrinking the Alaska project to three drilling sites from the five initially proposed by ConocoPhillips.
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Operator Horisont Energi finds a new partner in Spain’s Fertiberia, while Equinor and Vår seek alternatives.
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Offshore Eastern Canada is showing signs of life as new project commitments are firmed up and idled projects roar to life.
