Field/project development
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
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.
Gran Tierra 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.
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ExxonMobil awarded the consortium the project management, engineering, and installation of the estimated 190-km pipeline. -
ExxonMobil LNG Asia Pacific will purchase 1.0 mtpa from Rio Grande LNG plant over a 20-year period.
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Schlumberger, Subsea 7 alliance will supply and install a subsea boosting system in GOM field.
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First production from the UK North Sea gas field is expected in the second half of 2025.
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Nations coming together with common interests and approaches to energy is a hallmark of the modern times. Nations in South America and the Caribbean are also joining the trend via strategic energy alliances as disclosed by the presidents of Guyana and Suriname at a recent conference in Suriname, Paramaribo.
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The supplemental environmental impact statement offers multiple ways forward for the stalled project.
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QatarEnergy has selected Shell as its fifth and final international partner on the expansion project.
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Something often talked about but rarely occurs is the reuse of an existing, but idled, production platform on a new field. LLOG wants to change that with ambitions to rejuvenate the former Independence Hub floating production system for use on its Leon/Castile project in the deepwater Gulf of Mexico.
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The Mammoth project follows the company’s proven Orca model but will scale up the CO2 capture capacity to 36,000 tons per year.
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Eni and ConocoPhillips will join TotalEnergies as international partners with QatarEnergy on the North Field East Expansion, the world’s single largest LNG project ever.
