Onshore/Offshore Facilities
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
Drone strikes, refinery shutdowns, tanker disruptions, and halted LNG production have heightened concerns about broader supply risks.
Operator started planning the development before it made its latest North Sea discovery.
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Vår Energi and partners have officially sanctioned the Previously Produced Fields Project in the Greater Ekofisk Area. The redevelopment is expected to add high-value barrels starting in 2028, extending the production life of one of Norway’s key offshore regions. -
SponsoredAs HPHT wells push equipment to the edge of material limits, operators are turning to advanced thermoplastics and sealed electrical assemblies to maintain system integrity. From ESP insulation to BOP control systems, the right component design can prevent failures, lower intervention costs, and extend equipment life in the harshest offshore environments.
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The new development is estimated to hold 46 million bbl of recoverable oil and is planned to start up in late 2028.
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The project in the US Gulf is expected to add about 15,000 BOEPD to the deepwater Atlantis project at peak production.
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Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030–2031.
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First oil is expected from Phase 1 of the project in 2028, with up to four more phases planned.
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The Gorgon Phase 3 project aims to counter declining reservoir pressure to sustain gas supplies to Western Australia’s domestic market and support LNG exports to Asia.
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The Denver-headquartered shale producer will become a pure-play operator of the Marcellus Shale in West Virginia.
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The North Sea Transition Authority has published its first table identifying 13 operators that are behind schedule in decommissioning their inactive North Sea wells.
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The research facility said it plans to add multiphase-flow-testing capabilities for heavy oil and different viscosities.
