Field/project development
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.
New agreements for exploration and production in Africa include activity in the Orange Basin offshore Namibia, offshore Angola, Senegal, and Côte d’Ivoire. In the Gulf of Mexico, a memorandum of understanding for deepwater evaluation was signed between Woodside Energy and PEMEX and Viridien initiated its Walker Ridge Reimaging Extension. TotalEnergies provided a targe…
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The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa. -
Agreements create long-term frameworks to advance offshore Suriname developments, aiming to streamline project delivery, reduce costs, and accelerate field development through early integration across the project life cycle.
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ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
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The North Sea project, which is sending production to the nearby Ivar Aasen platform, came online 9 months ahead of schedule.
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Updates about global exploration and production activities and developments.
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The chair of the SPE Georgetown Section outlines how balanced, apolitical dialogue can support development amid rapid energy expansion.
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In this study, forward simulation is executed by a commercial reservoir simulator while external code is developed for backward calculations.
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Equatorial Guinea government formalizes deal that paves the way for Block I development.
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The deepest water depth project in Equinor’s portfolio, Raia aims to bring its gas onstream in 2028.
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The rise in China’s gas production, now exceeding that of Qatar and of Australia, is also limiting growth in its LNG demand.
