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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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.
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Project is part of BP’s plan to grow GOM production to 400,000 B/D by mid-decade.
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The Netherlands will end gas production from giant field discovered in 1959.
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Operator will not participate in Sea Lion project in the Falkland Islands.
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The new pledge from the world's largest oil producer comes just days before the 26th United Nations Climate Change Conference is set to meet in Glasgow, Scotland, to discuss new climate targets and initiatives.
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More time and money are needed for Johan Castberg and others, while government looks to boost hydrogen research.
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Shell reported that most of its production was back online, but some facilities will remain shut-in until the end of the year.
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Operator hands out early engineering contracts to its alliance partners related to Norwegian North Sea development.
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The contractor will provide engineering, procurement, construction, installation, and commissioning for pipelines and umbilicals at the Shell-led deepwater field.
