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.
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The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options. -
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.
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TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
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SponsoredDeveloping a reservoir with current capex constraints requires innovative technology to provide reliable reservoir production insight. This article describes how chemical tracer technologies can be integrated into reservoir development plans to reduce risk, minimize capex, and maximize ROI.
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Sandvik said it received the first large-scale stainless steel umbilical tube order for Mero. The tubes will be encapsulated by Prysmian Group.
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On the edge of the Arabian Desert, a megaproject located above the Arctic Circle was given the IPTC Excellence in Project Integration Award.
