Floating production systems
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.
Despite a 2.8% drop in liquefied natural gas exports in 2025 because of 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.
Woodside’s $12-billion gas project offshore Western Australia is expected to produce up to 8 mtpa once it’s complete.
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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. -
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.
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Updates about global exploration and production activities and developments.
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Discovered in 2010, the Búzios field offshore Brazil achieved a new milestone with the installation of its sixth production facility.
