Field/project development
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.
-
Updates about global exploration and production activities and developments. -
The $5-billion Tiber-Guadalupe project in the Gulf of America is BP's second major project in the region to be sanctioned in 2 years.
-
Smackover Lithium, an Equinor joint venture, will drill new wells on the Franklin project to get a better understanding of its brine makeup and lithium potential.
-
Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development.
-
The subsea field is part of the larger Snøhvit development in the Barents Sea.
-
Iraq’s Gas Growth Integrated Project aims to increase electricity generation by capturing flare gas collected from three southern oil fields. A desalination project will use treated seawater to maintain well pressures.
-
MODEC will supply the FPSO that will host up to 18 wells in the initial phase of development.
-
BW Opal FPSO has capacity for 850 MMcf/D of gas, which will be treated and sent on to the Darwin LNG facility, and 11,000 B/D of condensate, which will transferred via tanker.
-
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.
