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.
-
Equinor advances Irpa and Verdande field development projects closer to first oil with a raft of contract awards. -
An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014 but more is needed.
-
QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
-
Environmental report recommends shrinking the Alaska project to three drilling sites from the five initially proposed by ConocoPhillips.
-
Operator Horisont Energi finds a new partner in Spain’s Fertiberia, while Equinor and Vår seek alternatives.
-
Offshore Eastern Canada is showing signs of life as new project commitments are firmed up and idled projects roar to life.
-
The authors of this paper describe the path of an operator’s successful exploration program that has integrated geologic and geophysical understanding and new technology to discover 8 billion BOE at the time of writing.
-
This paper describes how a surveillance, analysis, and optimization plan was used to resolve subsurface uncertainties and optimize a reservoir development plan and provides lessons learned and best practices.
-
New well near Speyer, Germany adds 1,800 B/D of new production
-
Early commitment to new energy projects can jeopardize their chances of success. Understanding and mitigating the risk of these projects is key to their success.
