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E&P Highlights: Dec. 4, 2023
Here’s a roundup of the latest E&P headlines including a number of field development project contract awards.
CGG Announces Start of 2D Multi-client Seismic Program Offshore Malaysia
CGG received industry funding for the project and will deliver early products in December 2023 and final results in August 2024.
E&P Highlights: Nov. 7, 2023
From another postponement of the Gulf of Mexico’s Lease Sale 261 to new contract awards, below is a compilation of the latest headlines in the E&P space.
Shell Delivers First Gas from Malaysia’s Timi Platform
Discovered in 2018, the Timi Field was developed using an unmanned wellhead platform and uses a hybrid solar and wind power system.
Shell Eyes Adding 8.6 mtpa to Portfolio Beyond 2025
European energy giant Shell plc looks to add around 8.6 mtpa of net liquefaction capacity to its portfolio through four projects spanning three continents beyond 2025.
Shell, Chevron Exit Offshore Indonesia Blocks
Pertamina, Petronas pick up Shell’s interest in the Abadi project while Eni takes over operatorship and a majority stake in the Gendalo and Gandang projects.
Argentina’s Neuquén Province Gas Production Nears Record Highs
Gas production from Argentina’s Neuquén Province, home to the Vaca Muerta shale formation, reached 91.03 MMcm/d or about 3.21 Bcf/d in June of 2023, nearly surpassing a record high set last winter.
Fluor Completes Module Fabrication on LNG Canada Project
Fluor Corp. has completed the module fabrication program on its LNG Canada JV project, a significant milestone that allows the project to continue on its course toward its planned initial LNG shipment mid-decade.
Argentina’s LNG Project to Require $51 Billion Over 15 Years
Argentina’s state-owned YPF SA and its Malaysian counterpart Petronas eye the need for $51 billion in investments over 15 years as part of their joint plans to build out 25 mtpa in liquefaction capacity near Bahía Blanca.
Chart Talk: Mexico and Argentina’s Big Bet on LNG Exports
Staked by the Permian and the Vaca Muerta, Mexico and Argentina have the potential to bring to market 32.6 mtpa and 25 mtpa respectively over the near-to-mid-term, according to data from Rystad Energy and Argentina’s YPF SA.
Argentina Goes for LNG Exporting Glory
Argentina, after recently achieving World Cup triumph, is now chasing LNG exporting glory as it looks to monetize the massive Vaca Muerta Formation—but much needed foreign investment remains a challenge.
Deepwater Roundup: Australasia
Here is a roundup of some of the major deepwater projects across the globe. The second in a four-part series, Hart Energy details projects scheduled to come online in Australasia from 2025 through 2030.
Well Interventions: Producing the Cheapest Barrels and the Biggest Headaches
Innovations have made it possible for operators to bring wells back to life through interventions, despite disruptive neighbors, technological limitations and an occasional scarcity of data.
Petronas Clean Energy Arm Sees India, Australia as Key in Rapid Growth Plans
Petronas' clean energy business Gentari is aiming to create 30 to 40 gigawatts of renewable energy by 2030.
Petronas Taps JGC, Samsung for Nearshore FLNG Plant
The pair have previously delivered FLNG facilities to the Malaysian operator.