Field/project development
Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
Supermajor BP awards contract to same specialists who commissioned its Argos platform.
Train 4 is expected to add 6 million tonnes per year of capacity to the South Texas liquefied natural gas project when it goes online in 2030.
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The natural gas pipeline is co-financed by the EU, with work beginning immediately.
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The deferments are the latest actions Shell has taken in response to record low crude prices.
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The announcement comes as Aker BP has stopped all nonsanctioned projects. The remaining two Phase 2 wells will come on stream in 2021.
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This contract is for the development of the Lambert Deep and Phase 3 offshore Northwest Australia.
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The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options.
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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.