Field/project development
TotalEnergies has signaled its intent to reenter Venezuela after a 5-year absence, while Halliburton has teamed up with Brazil’s independent natural gas operator Evena and Venezuelan engineering firm WESCA to also assess business opportunities.
With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment.
The US Department of Energy has awarded more than $99 million to 21 projects that will advance geothermal development through field-scale testing of next-generation technologies and exploration drilling programs across the US.
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FPSO is the fourth unit to go online in the deepwater pre-salt Mero field in 3 years. -
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
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Equinor said it plans to restart construction on the project, which currently is 30% complete.
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Floatover topsides installation is the latest milestone in Woodside's $12.5 billion gas project.
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Operator Cenovus expects the concrete gravity structure to be moved in June, first oil to be produced in Q2 2026.
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The investment underscores ExxonMobil’s pivot to Nigeria’s offshore after it finalized the divestiture of its onshore assets in the country.
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Operator targets first oil 30 months after field sanction of $1.5 billion heavy-oil project that will use a refurbished wellhead platform and FPSO.
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FLNG vessels will handle gas from the Vaca Muerta formation when they go online in 2027 and 2028 offshore Argentina.
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Contractor will moor the production semisub in the Keathley Canyon area of the US Gulf of Mexico.
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