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Deepwater
Field Development , Deepwater , Liquefied Natural Gas
New Fortress Energy to Develop FLNG at Deepwater Lakach Field
New Fortress Energy agreed with state-owned Pemex for the continued development of the deepwater Lakach Field as well as deployment of a 1.4 mtpa FLNG unit to commercialize the bulk of the production abroad.
November 22, 2022
Field Development , Deepwater , International
Suriname to See $23 Billion Deepwater Boom While Venezuela Struggles
Rystad Energy foresees investments offshore Suriname reaching $23 billion through 2031 driven by activities in Block 58 while it says political uncertainties continue to muddy the outlook for Venezuela.
November 18, 2022
Emerging Plays , Deepwater , Liquefied Natural Gas
Mozambique's First LNG Cargo Departs for Europe
Operated by the Eni-led Area 4 Partners joint venture, Mozambique's Coral Sul Floating LNG facility has the capacity to produce up to 3.4 million tonnes of LNG a year.
November 14, 2022
Deepwater , Subsea
Baker Hughes Looks to Spearhead an All-Electric Offshore Environment
Not only does the Baker Hughes all-electric subsea tieback reduce topside footprint, it also reduces capex costs by 15%.
November 8, 2022
Deepwater , Technology
MODEC Wins FEED Contract for Exxon Mobil Project Offshore Guyana
Targeted to begin production in 2026, MODEC’s contract would be for the fifth FPSO to produce oil from Exxon Mobil’s operated deepwater Stabroek Block.
November 1, 2022
Field Development , Deepwater , International
Pemex Gets Go-Ahead to Develop Once-Abandoned Deepwater Gas Field
Pemex does not have much experience in deepwater ventures. Its flagship ultradeepwater oil project Trion, being developed along with Woodside Energy, is still pending the final investment decision.
November 1, 2022
Emerging Plays , Deepwater
LNG an East Africa Possibility If Challenges Are Overcome
Legal, security and infrastructure hurdles stall oil and gas progress offshore East Africa.
October 24, 2022
Deepwater , Legislation , International
Israeli Court Gives Green Light to Lebanon Maritime Deal, Signing Seen on Thursday
Israel and Lebanon anticipate signing an agreement to set an important maritime border on Oct. 27.
October 24, 2022
Emerging Plays , Deepwater , Trade
India Offers 42 Hydrocarbon Blocks in Latest Auction
India's 26 offered blocks include 15 ultra deepwater, eight shallow water and three onland blocks covering a total of 223,000 sq km.
October 11, 2022
Deepwater , Legislation
Lebanon, Israel Clinch Maritime Border Deal, Israel Says
Lebanon and Israel's new maritime deal sets a boarder between the two countries' waters while allowing both to receive royalties from an offshore gas field that cuts through the boarder.
October 11, 2022