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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Construction for the field’s second processing platform begins on the same day the Norwegian authorities approved the plan for development and operation for the biggest field development on the Norwegian continental shelf. -
Expected to start up in mid-2022, Liza Phase 2 will produce up to 220,000 B/D of oil.
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Indigo Natural Resources, Aethon Energy, and Rockcliff Energy are among the most active operators in the revived Haynesville Shale of North Louisiana and East Texas. And most people outside of the region likely have never heard of them.
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BP and partners have sanctioned the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli oilfield complex in the Azerbaijan sector of the Caspian Sea.
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Watch Valhall Flank West topsides move outside at the Kvaerner Verdal yard.
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The startup of a second FPSO will add 115,000 BOPD to the deepwater project offshore Angola, bringing overall production capacity to 230,000 BOPD.
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Equinor marked the installation of the last pieces of the Johan Sverdrup field center with the heaviest lift ever performed offshore. Two final platform topsides, a bridge, and a flare stack were installed last week.
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Megaprojects have come to define many of the world’s new resource projects but they are also a testament to the awesome engineering capabilities of the oil and gas industry. Find out who took home this year’s honors.
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The oil price downturn spawned a lull in deepwater enthusiasm, but better project execution and reduced project lead times have helped operators achieve lower costs and better returns. What does the landscape for deep water look like in the near term? Will operators get more involved?
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The decision to ramp down production on the Aspen project comes months after the Alberta provincial government imposed production cuts to handle pipeline bottlenecks. Aspen is projected to produce 75,000 BOPD upon startup.
