Field/project development
Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.
Thanks to stepout-well and tieback technologies, Shell’s Mars platform is the first single offshore platform in the US Gulf to produce 1 billion bbl of crude over its lifetime with production expected to continue into the 2040s.
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The company is set to supply offshore well services and subsea systems for Vår Energi-operated fields on the Norwegian Continental Shelf. -
Operator pays $400 million for a 40% stake in tract that contains the $6-billion Cameia/Golfinho project.
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The heated global jackup rig market has day rates for premium units climbing higher.
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Production from the field northwest of the Shetland Islands is expected to start in 2026 or 2027.
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The oil and gas industry-backed geothermal firm plans to drill up to 29 wells in southwestern Utah that will deliver electricity to the state's grid by 2026.
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The development scheme for BM-C-33 includes an FPSO capable of processing gas and condensate without further onshore processing.
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The contractor will transport and install pipeline related to the Wahoo development in the Campos Basin.
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Machine learning has been shown to have a promising role in oil and gas explorations in recent years. Among the applications, determining a proper location for injection and production wells along with their optimal operating conditions is a complex problem.
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Suriname's wait to become a significant oil producer may be nearing an end as the French supermajor begins early development studies.
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The discovery in the US Gulf of Mexico was tied back to the existing Shenzi tension-leg platform.
