Field/project development
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
Operator started planning the development before it made its latest North Sea discovery.
The Middle East’s largest unconventional gas development officially begins production as Saudi Aramco targets 6 million BOE/D of gas and liquids capacity by 2030.
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Norwegian oil firm chooses Aker, Sevan, TechnipFMC and others to continue studying $8-billion-plus Barents Sea development. -
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.
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FPSO Sepetiba will be deployed at Petrobras’ Mero field in the Santos basin offshore Brazil.
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Cabaça North will increase and sustain the plateau of the FPSO Armada Olombendo.
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Project is part of BP’s plan to grow GOM production to 400,000 B/D by mid-decade.
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The Netherlands will end gas production from giant field discovered in 1959.
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Operator will not participate in Sea Lion project in the Falkland Islands.
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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.
