Floating production systems
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
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.
Marking a major milestone as the Gulf of Mexico’s second 20,000-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the floating production system’s role as a regional hub are helping open the door to more Inboard Wilcox development.
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A new report shows that the offshore oil and gas sector is cautiously getting back to work, with some projects delayed and while EPC awards for sanctioned projects remain robust. -
Energy trader Vitol also made an unspecified strategic investment in Delfin Midstream.
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The contractor will finalize the chosen FPSO solution for the development in the Campos Basin pre-salt off Brazil.
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Something often talked about but rarely occurs is the reuse of an existing, but idled, production platform on a new field. LLOG wants to change that with ambitions to rejuvenate the former Independence Hub floating production system for use on its Leon/Castile project in the deepwater Gulf of Mexico.
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The sale is subject to the closing of the acquisition by BW Energy of the 100% operating working interest in the Golfinho field from Petrobras.
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ExxonMobil and its partners now believe they have discovered 11 billion BOE.
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Norphlet-trend discovery will be developed via a three-well subsea tieback to the Blind Faith FPU.
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Giant gas project off Australia had been idle since last December.
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The decision comes after an environmental review showed that the floating production, storage, and offloading vessel-based development was unlikely to cause negative environmental effects.
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The Norwegian platform was taken off line as a precaution after an undersea earthquake shook the area.
