Asset Management
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
Despite significant progress in capturing associated gas for domestic use, Iraq remains the world’s third-largest gas-flaring country as it aims for higher oil and gas production targets.
Transaction adds 90,000 net acres and 68,000 BOE/D of production as Crescent expands its South Texas footprint.
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First oil from the 120,000-B/D Liza Destiny FPSO is flowing ahead of schedule. -
Chevron has awarded Subsea 7 with a “sizeable” contract for subsea installation services at the St. Malo field in the US Gulf of Mexico. The scope of work will include project management, engineering, procurement, construction, and installation of the multiphase pump system at the field. It will also include a 14-mi water injection flowline system and the water inject…
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Devon exits the asset that served as the company’s cornerstone for almost two decades and is known to the world as the birthplace of the shale revolution.
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Reduced investment in US shale will continue to weigh down the global oilfield services market through 2020.
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Directional drilling and measurement-while-drilling technology has become so democratized in the Texas shale sector that no provider holds more than 8% of the market share.
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The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field. Aker BP said it aims to produce 1 billion BOE from Valhall over the next 40 years.
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With production set to begin from the large Leviathan field by the end of this year, the Israeli government signed off on the final permits to allow for its first exports. Leviathan contains approximately two-thirds of all the gas resources discovered offshore Israel so far.
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Total has agreed to acquire interests in two blocks in the offshore Kwanza Basin from Angola’s state-owned Sonangol and has received an extension on its offshore Block 17 production licenses.
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The Australian operator's A-6 offshore development, Myanmar's first ultradeepwater project, will supply gas to the country's domestic market, with some gas from Phase 1 also moving via pipeline to Thailand.
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BP has signed a deal with a joint venture between Petrofac and SOCAR, the Azeri state oil company, to support its osshore and onshore operations in the Caspian Sea. These include the offshore Azeri-Chirag-Gunashli and Shah Deniz fields, along with the associated Baku-Tbilisi-Ceyhan pipeline, the South Caucasus pipeline, and the Western Route export pipeline.
