Onshore/Offshore Facilities
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
This paper compares various drainage strategies and well completion configurations on the installation of inflow control technology by considering energy efficiency.
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A US government order has stopped building activity aimed at harnessing wind energy offshore New York. -
Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029.
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ExxonMobil and Guyana expect to approach 1 million B/D of oil as the ONE Guyana vessel reaches the Stabroek block.
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The offshore Mauritania and Senegal project’s initial phase will deliver around 2.4 mtpa of LNG once fully commissioned.
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The French major will supply the Caribbean country with LNG supplies while agreeing to take supplies from future Texas project.
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Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
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Terra Drone will support Aramco's operations and Saudi Arabia's technological and economic progress.
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Offshore activity is expected to begin in 2027 with first oil from the 20K-psi project slated for 2028.
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The strategic buyout of Portugal’s Galp is ADNOC’s first investment in Mozambique as it continues to grow its lower-carbon LNG portfolio.
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Brazil’s ANP extends BW Energy’s contract for the deepwater field from 2031 to 2042, and BW plans to further develop the field.
