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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Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029. -
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 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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The project is the most northern field offshore Norway to begin production.
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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.
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SLB will use artificial intelligence-based software to help ensure the delivery of 18 ultradeepwater wells.
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Operator targeting 2029 for first production from the pre-salt gas-condensate discovery off Brazil.
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The production unit for the Balder field in the North Sea is expected to go on-stream in the second quarter of 2025 following the staged tow-out of the FPSO.
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Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon.
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Mero expects to increase its production capacity to over 700,000 B/D.
