Management

The sales and purchase agreement obliges Taiwan’s national oil company, CPC, to buy 4 mtpa of liquefied natural gas for 27 years while Taipei also acquires equity in the North Field East.

A May expedition identified 10 mud volcanos on the Norwegian Continental Shelf, and geochemical and biostratigraphy tests are underway to determine the age of the mud and the potential for hydrocarbons.

A newbuild Fast4Ward hull will be used as part of the Block 58 development set for FID prior to year-end.

An economic analysis of a wellbore methodology in natural gas fields that uses gasification of methane within the wellbore (not within the reservoir) for hydrogen production while incorporating simultaneous sequestration of carbon. This new methodology offers significant energy and cost savings in addition to zero carbon being produced to the surface.

If confirmed, the 14 billion BOE believed to lie at the bottom of the East Sea could satisfy Korea’s gas demand for 29 years.

The SPE/IADC Asia Pacific Drilling Technology Conference and Exhibition will offer opportunities to exchange views, deliberate solutions for prevailing challenges, and enhance operational efficiency through collaboration and sharing of best practices.

The deepwater Gulf of Mexico project in the Paleogene will require a 20K-psi production semisubmersible.

Mooring operations underway following arrival of the GTA FPSO on-site at the maritime border of Mauritania and Senegal.

PTSC Mechanical & Construction will execute the turnkey agreement covering a large, fixed platform.

Occidental Petroleum is teaming up with its largest shareholder, Berkshire Hathaway, to commercialize lithium extraction in California.