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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The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options. -
Shell remains involved in the Salym Petroleum Development JV with Gazprom after dropping out of the planned Meretoyakhaneftegaz JV.
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Subsea 7’s installation services contract is the latest Chevron award for its Anchor field project. First oil from the project is expected in 2024.
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McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3.
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Unprecedented, perfect storm, a black swan event—all ways of describing the situation the oil and gas sector finds itself in right now. Here’s an analysis on the near-term outlook for projects in Asia Pacific.
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Revised estimates of project sanctioning total $61 billion in 2020, which is down from $192 billion forecast in 2019.
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TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
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SponsoredDeveloping a reservoir with current capex constraints requires innovative technology to provide reliable reservoir production insight. This article describes how chemical tracer technologies can be integrated into reservoir development plans to reduce risk, minimize capex, and maximize ROI.
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Sandvik said it received the first large-scale stainless steel umbilical tube order for Mero. The tubes will be encapsulated by Prysmian Group.
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On the edge of the Arabian Desert, a megaproject located above the Arctic Circle was given the IPTC Excellence in Project Integration Award.
