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.
-
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.
-
The heated global jackup rig market has day rates for premium units climbing higher.
-
Production from the field northwest of the Shetland Islands is expected to start in 2026 or 2027.
-
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.
-
The development scheme for BM-C-33 includes an FPSO capable of processing gas and condensate without further onshore processing.
-
The contractor will transport and install pipeline related to the Wahoo development in the Campos Basin.
-
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.
-
Suriname's wait to become a significant oil producer may be nearing an end as the French supermajor begins early development studies.
-
The discovery in the US Gulf of Mexico was tied back to the existing Shenzi tension-leg platform.
