Field Development

Unconventional , Field Development , Shale Plays , Midstream

Shale 2022: Long-term Planning Paying Off for Midstream Operators

By staying the course, midstream operators with assets in top U.S. shale plays are not only surviving but thriving as 2022 unfolds. 

January 11, 2022

Field Development , Discoveries , Deepwater

Exxon Mobil Makes Two Discoveries Offshore Guyana

Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of approximately 10 billion oil-equivalent barrels, says Exxon Mobil and project partner Hess in separate releases.

January 5, 2022

Field Development , Transactions

Chevron Agrees to Transfer Part of Offshore Suriname Field to Shell

Paradise Oil Co., a subsidiary of Suriname’s state-run Staatsolie, retains its 40% stake in the Block 5 venture as a non-executive partner, according to the farmout contract.

December 17, 2021

Field Development , International

Houston-based APA Says Egypt Close to Being ‘Most Attractive Investment’ in Portfolio

The new PSC will consolidate the majority of the concessions operated by APA’s subsidiaries operating in Egypt (Apache) into a single new concession.

December 1, 2021

Field Development

China's CNOOC Starts Production at Second Phase of UK Buzzard Project

CNOOC Petroleum Europe Ltd., a wholly owned subsidiary of CNOOC Ltd., is the operator of Buzzard and holds 43.21% interest in the project.

November 29, 2021

Field Development , Subsea

Equinor Awards Contracts to Aibel for Norwegian Offshore Fields

The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.

November 24, 2021

Investment , Field Development

TotalEnergies Wins New Deals in Libya

These agreements aim to develop solar projects supplying electricity to the Libyan people and to invest in projects reducing gas flaring in oil fields.

November 23, 2021

Field Development , Subsea

Exxon Mobil Taps TechnipFMC for Subsea Work on Stabroek Block Offshore Guyana

TechnipFMC currently employs more than 60 Guyanese, and expects to continue to hire and train additional local staff in support of this award.

November 16, 2021

Field Development

Exxon Mobil in Talks to Build Fourth Oil Production Rig for Guyana

Guyana is home to the world’s biggest offshore discoveries in years, with 10 billion barrels of recoverable oil and gas.

November 11, 2021

Field Development

Equinor Plans $8.8 Billion Development World’s Northernmost Oil Field

Located in the Arctic Barents Sea and containing close to 500 million boe, the Wisting development is subject to a final investment decision by Equinor and its partners by the end of 2022.

November 10, 2021