Field/project development
ExxonMobil and its Area 4 partners have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment supporting Mozambique's Rovuma LNG project. The awards, led by OneSubsea, mark a key step toward FID as development advances on ExxonMobil's largest global investment.
GranTierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel&Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.
-
In this study, a deep-neural-network-based workflow with enhanced efficiency and scalability is developed for solving complex history-matching problems. -
This study presents a production-optimization method that uses a deep-learning-based proxy model for the prediction of state variables and well outputs to solve nonlinearly constrained optimization with geological uncertainty.
-
Updates about global exploration and production activities and developments.
-
The paper describes a parameter inversion of reservoirs based on featured points, using a semi-iterative well-test-curve-matching approach that addresses problems of imbalanced inversion accuracy and efficiency.
-
An oversupply of LNG carriers is putting downward pressure on charter rates, pushing them to historic lows. Newbuild LNG carrier deliveries have been outpacing the construction and permitting of new liquefaction facilities needed to support them.
-
The agreement allows BP to maintain control over its stake in the TANAP pipeline, which transports gas from the Caspian Sea to Europe through Turkey, while unlocking nearly $1 billion in capital as part of its divestment program.
-
Cooldown cargo is set to be delivered to Kitimat, BC, from Australia in early April, the final step prior to official startup.
-
Argentina’s YPF forecasts the $3 billion oil pipeline and export terminal will carry 180,000 B/D when it goes onstream in 2026.
-
Operator targeting 2029 for first production from the pre-salt gas-condensate discovery off Brazil.
-
The new joint venture aims to apply US expertise to unlock Turkey's domestic unconventional resources, helping it to achieve its goal of energy independence and to become a regional hub and major exporter of LNG.
