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