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Plans call for license partner Aker BP to serve as operator during the development phase, with operatorship reverting to DNO after first oil in 2028.
Production from the Búzios field now tops 1 million B/D with six floating production systems in operation and more on the way.
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Equinor tapped Ryder Architecture for a newbuild facility to serve as the main hub for the world’s largest offshore wind farm. -
The INPEX-lead Ichthys LNG megaproject won the 2021 International Petroleum Technology Conference Excellence in Project Integration award in a presentation that took place during the opening ceremonies of the annual conference.
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Petronas has become the first global energy company to own and operate two floating LNG production facilities. The PFLNG DUA loaded its first shipment on an LNG carrier bound for Thailand. Petronas is also stepping up promotion of its 2021 licensing round for new fields.
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The contractor will design and construct a newbuild FPSO destined for the giant Australian gas project in 2025.
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The expansion of the Changhau wind project is part of Taiwan’s ambitious plans to bring the country’s overall capacity to 15.5 GW in 2035.
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The sale of the minority stake is part of its larger 2021 program to raise an average of $4 billion annually by shedding noncore holdings.
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The operator will use the cash from the sale to reimburse its expenses related to the platform’s construction.
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Phased work to remove Heimdal and Veslefrikk A from the Norwegian North Sea shelf should be completed sometime in 2025.
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Added assets raise its Delaware Basin daily disposal capacity to more than half a million barrels.
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Russia’s largest oil company is moving quickly to shed underperforming brownfield assets to raise capital and transform itself into a major LNG player this decade. The state-owned giant is making the move as natural gas positions itself for a growing role in the energy transition.
