Field/project development
Known as Arena, the collaboration aims to improve decision-making across increasingly complex reservoirs and growing volumes of subsurface data.
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.
-
Petrofac’s well management contract comes nearly a month after IOG received approval for phase 1. The contract also follows an EPC contract awarded to Subsea 7 in May. -
Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues?
-
An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.
-
North Sea system now on track for completion in Q2 2021.
-
The natural gas pipeline is co-financed by the EU, with work beginning immediately.
-
The deferments are the latest actions Shell has taken in response to record low crude prices.
-
The announcement comes as Aker BP has stopped all nonsanctioned projects. The remaining two Phase 2 wells will come on stream in 2021.
-
This contract is for the development of the Lambert Deep and Phase 3 offshore Northwest Australia.
-
The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options.
-
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.
