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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The project’s new wellhead platform will be powered by a renewable energy system. -
The Biden administration has appealed a district court decision to restart oil and gas leasing programs in the US.
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The contracts will cover concept and other project engineering services for at least the next 5 years.
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The contractor was tapped by Chevron Australia and Aker Solutions to provide power from shore to the Jansz-Io field offshore Australia.
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Service company was previously awarded a similar scope of work related to Shell's Vito project in the US Gulf.
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The facility is the second delivered under Aker BP’s platform alliance designed to use a more integrated project delivery model.
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Brazil has plans to create a competitive gas market. Equinor is operating two big projects that could offer a model for how a company not named Petrobras could market gas produced offshore.
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US Gulf project will use a similar floating solution to the operator’s Vito project due onstream next year.
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Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.
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The Zama field was once considered the ideal result of Mexico's energy reforms that sought to bolster the country's oil and gas output by inviting private companies to participate in the energy sector.
