Onshore/Offshore Facilities
Despite a 2.8% drop in LNG exports in 2025 due to lost market share in China, Australia anticipates a 2026 rebound as new North West Shelf capacity comes online. Meanwhile, east coast operators brace for a tsunami of wells entering the decommissioning pipeline and potential energy shortfalls necessitating LNG imports.
Among the awards are contracts for four currently idle deepwater rigs.
The deal targets increased investment and production from one of the country’s largest onshore developments.
-
The recipients and technological advances will be honored at a ceremony in Kuala Lumpur later this month. -
The company looks to focus its efforts on getting phase one of its Driftwood LNG up and running by shedding Haynesville acreage.
-
After becoming the first oil and gas major to source all its onshore grid electricity needs from nuclear and solar energy, ADNOC now focuses on decarbonizing production offshore.
-
The award to Norway’s Longitude Engineering covers deepsea design and engineering services for Phase 10 of Egypt’s West Delta Deep Marine Concession.
-
SponsoredSmart completions using autonomous outflow control devices significantly helped in improving reservoir management and increasing oil and gas field productivity by enhancing the injection wells' performance.
-
Two supermajors exit California, and the US put the brakes on permits to export LNG.
-
The Libra Consortium, led by Brazil’s Petrobras, has developed a method of separating carbon dioxide from reservoir fluids at the seafloor rather than the FPSO topsides.
-
Fresh commitments cover expansion work on the Al-Shaheen field that is expected to add 100,000 B/D of oil production once completed.
-
The Vineyard Wind 1 project came online on 2 January, while appeals in several lawsuits against it remain pending.
-
COP28’s “last in, last out” approach lets developing countries profit from oil and gas now to invest later in a clean energy future.
