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.
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Production from the field northwest of the Shetland Islands is expected to start in 2026 or 2027. -
The oil and gas industry-backed geothermal firm plans to drill up to 29 wells in southwestern Utah that will deliver electricity to the state's grid by 2026.
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The development scheme for BM-C-33 includes an FPSO capable of processing gas and condensate without further onshore processing.
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The contractor will transport and install pipeline related to the Wahoo development in the Campos Basin.
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Machine learning has been shown to have a promising role in oil and gas explorations in recent years. Among the applications, determining a proper location for injection and production wells along with their optimal operating conditions is a complex problem.
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Suriname's wait to become a significant oil producer may be nearing an end as the French supermajor begins early development studies.
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The discovery in the US Gulf of Mexico was tied back to the existing Shenzi tension-leg platform.
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High demand for offshore services makes for robust charter rates.
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The Advanced Clean Energy Storage project in Utah involves two 4.5-million-bbl salt caverns that will store up to 100 metric tons of hydrogen per day.
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Work slated for Côte d’Ivoire and Italy includes new riser/pipelines and FSRU facilities.
