Field/project development
Plans call for license partner Aker BP to serve as operator during the development phase, with operatorship reverting to DNO after first oil in 2028.
In lifting force majeure, TotalEnergies says it will restart construction on its Mozambique LNG project as soon as the government agrees to a revised budget and schedule that targets shipping first product in 2029.
The supermajor says it aims to start appraisal activities in 2027 and is evaluating development possibilities for the deepwater find offshore Brazil, which is the company’s largest discovery in 25 years.
-
Oil production from West Africa has fallen from last year’s depressed levels and will remain down without increased investment. -
Shell’s sibling solutions for its Vito and Whale deepwater US Gulf developments are proving the “design one, build two” model can work.
-
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.
-
FPSO Sepetiba will be deployed at Petrobras’ Mero field in the Santos basin offshore Brazil.
-
Cabaça North will increase and sustain the plateau of the FPSO Armada Olombendo.
-
Project is part of BP’s plan to grow GOM production to 400,000 B/D by mid-decade.
-
The Netherlands will end gas production from giant field discovered in 1959.
-
Operator will not participate in Sea Lion project in the Falkland Islands.
-
The new pledge from the world's largest oil producer comes just days before the 26th United Nations Climate Change Conference is set to meet in Glasgow, Scotland, to discuss new climate targets and initiatives.
-
More time and money are needed for Johan Castberg and others, while government looks to boost hydrogen research.
