Field/project development
The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.
ExxonMobil’s Letter of Intent to begin preliminary engineering and procurement work for Mozambique’s Rovuma LNG project bridges the development to a final EPC contract, which Area 4 partners are expected to award following an FID anticipated by year-end 2026.
Beetaloo Energy and Halliburton have signed an MOU to advance Beetaloo Digital, a proposed gas-powered AI data center hub in Australia’s Northern Territory that could create a new long-term market for Beetaloo Basin gas.
-
Discovered in 2010, the Búzios field offshore Brazil achieved a new milestone with the installation of its sixth production facility. -
In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to rehabilitate and boost production at the Kirkuk oil field.
-
Fresh permit will allow the project to move forward towards FID this fall, first production expected in early 2029.
-
The Tiber FPU is expected to follow the Kaskida hub currently being built in Singapore.
-
Closed-loop geothermal systems have entered the new-energy arena to generate electricity using the underground as a heat exchanger.
-
Upgraded sour-gas injection and a new third-generation processing plant are key to keeping supergiant Tengiz producing for years to come.
-
The new Sevan-designed cylindrical FPSO is expected to flow 45,000 BOE/D at peak.
-
A Shell partnership with YPF marks a significant milestone for the Argentina LNG export facility, raising new questions about the nation’s potential to unlock the economic power of its vast shale reserves.
-
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.
