Field/project development
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
Electricity produced onshore powers oil production at Johan Sverdrup holding CO₂ emissions at only 5% of the global average.
Shell became the first international company to operate producing fields offshore Brazil and the first to navigate the country’s complex and detailed decommissioning permitting process, which involved extensive environmental assessments, regulatory approvals, and coordinated stakeholder engagement.
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Diversified Energy announces its largest deal yet to buy private equity-owned Maverick Natural Resources. -
International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.
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By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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The Norwegian operator engaged BW Offshore and Altera Infrastructure to take a run at a development scheme for the project.
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Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.
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Ruwais is slated to be the first net-zero LNG facility in the Middle East and North Africa.
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The new wells at Zohr are key to a plan to return Egypt’s gas production back to “pre-crisis” levels by June 2025.
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At peak, 100,000 BOE/D is expected to flow to the Whale production semisumbersible, which largely replicates the Vito semi.
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The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.
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As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
