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 INPEX-lead Ichthys LNG megaproject won the 2021 International Petroleum Technology Conference Excellence in Project Integration award in a presentation that took place during the opening ceremonies of the annual conference. -
ExxonMobil’s Kerry Moreland, a geoscientist, managed breakthrough discoveries in the early stage of her 15-year career that have positioned the company for decades to come in South America. Now she is pursuing similar goals in Africa and Asia Pacific, as she explains in a moderated interview at this week’s IPTC in Kuala Lumpur.
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Russia’s largest oil company is moving quickly to shed underperforming brownfield assets to raise capital and transform itself into a major LNG player this decade. The state-owned giant is making the move as natural gas positions itself for a growing role in the energy transition.
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Last year, events accelerated several trends in the energy landscape. Oil and gas prices have remained low, and the industry is focusing more strongly on reducing costs and increasing operational efficiency. Implementing innovative technologies that increase recovery requires a small investment but can bring large rewards.
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Profits are up as drilling is down in Canada’s Montney play where a merger this week highlighted the continued drive to increase profits, which are benefitting from rising natural gas prices.
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The floating production unit is making the trek across the Pacific Ocean to its new home in the US Gulf of Mexico.
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Projects from the North Sea, Australia, and Saudi Arabia are in the running.
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Oil-to-telecom conglomerate Reliance Industries Limited (RIL) and BP have started production from India’s first ultradeepwater gas project, the first of three such projects in the KG D6 block.
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CNOOC’s Bohai Sea Project has started production ahead of schedule.
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Work began in December on the Snorre Expansion Project in the southern part of the Norwegian Sea. This increased-oil-recovery project will add almost 200 million bbl of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.
