Field/project development
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
Shell has reached FID on LNG Canada Phase 2, a major expansion that will double the Kitimat facility’s LNG export capacity to 28 mtpa and strengthen long-term supply to growing Asian markets.
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Since the late 1930s, the offshore industry has advanced from the first platform in 14 ft of water to the ultradeepwater 20K era. Driven by seismic, drilling, and development breakthroughs, the industry has pushed into deeper waters, high-pressure reservoirs, and new frontiers like Guyana, continually expanding the limits of offshore exploration. -
By the end of 2025, a floating wind turbine will supply power to the operator’s Culzean platform in the Central North Sea.
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Investment in the Kingfisher and Tilenga upstream projects together with the East African Crude Oil Pipeline and a new refinery represents a $20-billion economic lift to the country.
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The operator will move forward with its multibillion-dollar Northern Hub project while planning for additional exploration drilling in the region.
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At peak, annual production from the two fields offshore Italy is expected to reach 1.5 Bcm.
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Partners in Arrow Energy, Shell, and PetroChina expect to drill 2,500 new gas wells over 27 years to feed the Queensland Curtis LNG plant.
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NextDecade taps Bechtel for $4.3-billion turnkey EPC for Train 4 of the Texas plant, but a federal appeals court hits a partial reset button.
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New deal will help fund Cheniere’s Sabine Pass Expansion Project and add 7 mtpa of LNG capacity to the Louisiana plant.
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India’s state oil company is accepting proposals from potential technical service partners until 15 September for EOR projects in the Arabian Sea.
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The company says the field has achieved a 25% production capacity increase through the user of advanced digital technology.
