Field Development

Investment , Field Development

Australia’s Woodside Slashes $2 Billion in Spending, Delays Key Gas Projects

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.

March 27, 2020

Field Development

Woodside, Partners Review Timing of $4.2 Billion Senegal Oil Project

The project is Senegal’s first oil development and key to Woodside’s growth plans over the next seven years.

March 25, 2020

Field Development

Analyst: Most North Sea Oil Output ‘in the Money’ But Decom Bill Looms

The North Sea between Britain and Norway, home of the Brent crude stream that underpins global oil prices, is one of the world’s oldest and most expensive oil basins.

March 23, 2020

Field Development

Equinor Delays Bay du Nord Project Offshore Canada After Oil Price Crash

The company had previously expected the project with estimated reserves of 300 million barrels to start production in 2025.

March 19, 2020

Field Development

Coronavirus Case Forces Equinor To Pause Martin Linge Oil Project

The oil industry’s first coronavirus case on an offshore installation, reported on March 11, highlighted the challenge of preventing contamination for thousands of workers living in close quarters on rigs and platforms.

March 16, 2020

Field Development

BW Energy Begins Tortue Phase 2 Production Offshore Gabon

Production began on March 7, just three days after BW marked first oil from the DTM-5H well.

March 10, 2020

Public Capital , Field Development , Shale Plays

E&P Momentum: Back To Basics For Midcon Shale

As high-flying cube programs produce less than stellar results, Midcontinent E&Ps discover redemption in focusing on acreage rather than single-well economics.

February 27, 2020

Unconventional , Field Development , Shale Plays

Saudi Aramco Launches Largest Shale Gas Development Outside US

Saudi Arabia fought a price war aimed at putting the U.S. shale industry out of business just six years ago, which ultimately failed. Now, the country has adopted the techniques developed in U.S. fields.

February 24, 2020

Field Development

Aramco Says It Received Approval For Jafurah Gas Field Development

The company said output would reach about 2.2 billion cubic feet per day of sales gas by 2036, with an associated 425 million cubic feet per day of ethane.

February 24, 2020

Field Development , Construction , Pipelines

Shell Midstream To Make FID On Gulf Of Mexico Expansion By June

Shell also said Amberjack Pipeline Co. has signed a dedication and connection agreement with Chevron's Gulf of Mexico anchor project, which is expected to produce oil in 2024.

February 21, 2020