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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The authors present a countrywide benchmarking of ultimate recovery factor for oil reservoirs in Kuwait. -
Woodside and BHP make final investment decision on $12 billion offshore development and additional LNG train in Australia. The approval on Monday came at the same time the operators signed an agreement to merge BHP’s petroleum unit into Woodside, originally announced in August.
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SBM will supply the FPSO and TechnipFMC will supply more than 50 subsea trees and a dozen manifolds for the project offshore Guyana.
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Companies join forces in carbon capture project near LNG facility.
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The new production vessel will be installed at the state oil company’s Parque das Baleias complex.
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Africa’s first floating LNG facility will be towed from South Korea to its new home on the Coral South project.
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Norwegian oil firm chooses Aker, Sevan, TechnipFMC and others to continue studying $8-billion-plus Barents Sea development.
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Oil production from West Africa has fallen from last year’s depressed levels and will remain down without increased investment.
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Shell’s sibling solutions for its Vito and Whale deepwater US Gulf developments are proving the “design one, build two” model can work.
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Over the past 30 years Caspian nations such as Azerbaijan and Kazakhstan have built thriving economies on oil and gas wealth led by global energy companies and a handful of megaprojects. As times change, that model may need to be reassessed.
