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.
-
In this study, forward simulation is executed by a commercial reservoir simulator while external code is developed for backward calculations. -
Updates about global exploration and production activities and developments.
-
Equatorial Guinea government formalizes deal that paves the way for Block I development.
-
The deepest water depth project in Equinor’s portfolio, Raia aims to bring its gas onstream in 2028.
-
The rise in China’s gas production, now exceeding that of Qatar and of Australia, is also limiting growth in its LNG demand.
-
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
-
BP sanctioned development of the Kaskida in 2024, with first oil from the high-pressure project expected in 2029.
-
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
-
Operator started planning the development before it made its latest North Sea discovery.
-
The Middle East’s largest unconventional gas development officially begins production as Saudi Aramco targets 6 million BOE/D of gas and liquids capacity by 2030.
