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.
-
This contract is for the development of the Lambert Deep and Phase 3 offshore Northwest Australia. -
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.
-
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.
-
McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3.
-
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.
-
Revised estimates of project sanctioning total $61 billion in 2020, which is down from $192 billion forecast in 2019.
-
TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
-
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.
-
Sandvik said it received the first large-scale stainless steel umbilical tube order for Mero. The tubes will be encapsulated by Prysmian Group.
