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.
-
Johan Castberg is the biggest oil field to ever be discovered in the Barents Sea, but a constellation of satellite fields are likely needed to keep the development afloat. -
The project partners and government came together to salvage the stalled East Canada offshore project now due to produce first oil in 2026.
-
The subsea specialist will provide and install flowlines, risers, and umbilicals for the Búzios 8 project offshore Brazil.
-
ExxonMobil and its partners now believe they have discovered 11 billion BOE.
-
At peak, the new discoveries are expected to contribute more than 12,000 BOPD.
-
In three separate incidents over the past 2 months, Chinese law enforcement vessels have challenged marine research and hydrocarbon exploration activities within the Philippines’ exclusive economic zone in the South China Sea.
-
The Barents Sea is the gift that keeps on giving for Equnior which has made its 10th sizeable discovery within the same license area.
-
Norphlet-trend discovery will be developed via a three-well subsea tieback to the Blind Faith FPU.
-
Zachry Industrial highlights the benefits of using advanced modeling to plan the construction to update the $10 billion Golden Pass LNG from an import terminal to an import/export terminal, connecting thousands of project participants during COVID-19 lockdowns.
-
Senior Vice President Starlee Sykes told an audience at the Offshore Technology Conference that low-carbon barrels from the company's domestic offshore portfolio will help fund its transition plans.
