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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Service company was previously awarded a similar scope of work related to Shell's Vito project in the US Gulf. -
The facility is the second delivered under Aker BP’s platform alliance designed to use a more integrated project delivery model.
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Brazil has plans to create a competitive gas market. Equinor is operating two big projects that could offer a model for how a company not named Petrobras could market gas produced offshore.
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US Gulf project will use a similar floating solution to the operator’s Vito project due onstream next year.
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Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.
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The Zama field was once considered the ideal result of Mexico's energy reforms that sought to bolster the country's oil and gas output by inviting private companies to participate in the energy sector.
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The Gorgon gas project will consist of a new floating field-control station and subsea compression infrastructure.
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The contractor will supply over 300 km of flexible pipe between four field developments offshore Brazil.
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The North Sea project is set to include 23 subsea, oil-producing wells tied into four subsea templates to tap an estimated 200 million bbl of oil.
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The discovery in the US Gulf of Mexico was tied back through a single well completion to existing infrastructure.
