Field/project development
After a record year for LNG project approvals in 2025, multiyear repairs to war-damaged liquefaction facilities in Qatar and the UAE threaten to slow the growth of global LNG capacity.
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
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The KRI has become a significant player in the oil and gas industry. The authors use production data from key fields to explore the factors influencing both individual fields and overall production. An overview of the challenges and milestones in the region’s oil and gas sector from 2014 to 2023 enhances understanding of its evolution, current status, and future oppor… -
The operator will utilize drillship Deepwater Invictus for both development and exploration drilling under a 3-year pact.
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First oil is expected in 2029 from the development, which has a budget under $5 billion.
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Aramco’s investment pivot to gas aims to propel Saudi Arabia into the top tier of gas producers and LNG players globally by 2030.
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Phase 2 of the fast-track project expected to quadruple output to 60,000 BOPD by year-end.
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In addition to securing the rig, Equinor has, on behalf of the partners, awarded SLB, Baker Hughes, and Halliburton agreements for drilling and well services for the Raia project worth around $109 million.
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The tieback to the Energean Power FPSO is expected to deliver first gas in the first half of 2027.
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The $900-million purchase will give Woodside a US LNG footprint and expand the operator’s LNG presence.
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The field is expected to begin production in 2027 using a normally unattended platform and eight development wells.
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First three wells of deepwater Gulf of Mexico project expected to jointly produce 22,000 BOE/D to the nearby host facility.
