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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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With the acquisition of Magnolia LNG, along with its Texas LNG Brownsville project, Glenfarne Group expands its export capacity to 12 mpta. -
The COVID-19 disaster and a catastrophic fall in oil prices could leave the state on the hook for billions in environmental cleanup costs if oil and gas companies go bankrupt during the health crisis, New Mexico's top land official says.
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WFS Technologies’ collaboration is its second in as many months supporting its Seatooth technologies.
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The complete paper discusses the systematic approach adopted by a service company to achieve the goal of safely abandoning wells offshore southwest Brazil with different completion types using light workover vessels.
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Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.
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Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.
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The contract is Mammoet’s biggest in terms of aggregate tonnage. The Arctic LNG 2 project reached FID in September 2019.
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Production from Train 3 comes almost a month after reaching its final commissioning stage. Commercial operations will follow testing and authorization from FERC.
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While a year with less than 200 subsea tree awards seems uncommon, a year with less than 100 awards is an even rarer sight. It has only happened once before since the turn of the century, in 2016 following the oil price crash of 2014–2016.
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FID on RGLNG was originally expected in 2019, before it was pushed to Q1 2020. NextDecade will continue to develop and de-risk the project.
