Field Development

Field Development , Discoveries , Deepwater , Shale Plays

E&P Regional Report: South America’s Pending Success to Overshadow Harsh 2020

Upstream activity will fuel the region as a leader on the road to recovery.

October 20, 2020

Field Development , Shale Plays

North Dakota’s Oil Output Up 12% in August as More Wells Resume Output

North Dakota’s oil production rose about 12% to 1.16 million barrels per day (MMbbl/d) in August as more wells and drilling rigs resumed production after a drop earlier this year, the state's regulator said on Oct. 16.

October 16, 2020

Field Development

Petrobras Delays Parque das Baleias Project to 2024

The project was delayed by one year to 2024 because of the coronavirus pandemic, according to a securities’ filing Oct. 16.

October 16, 2020

Field Development

BP Starts Oman’s Giant Ghazeer Gas Field

The London-based firm said Ghazeer, the second phase of the development of Block 61, started four months ahead of schedule.

October 12, 2020

Field Development

Exxon Mobil, Hess Sanction $9 Billion Payara Project Offshore Guyana

SBM Offshore lands contract for FPSO, while TechnipFMC secures work for the subsea system for the development.

October 1, 2020

Field Development , Shale Plays , Construction , Pipelines

Kinder Morgan Places Permian Basin Gas Pipeline into Service

Kinder Morgan's pipeline, Lockridge, is designed to remove natural gas from the Permian Basin  where pipeline capacity has not kept up with the amount of gas associated with oil production.

September 29, 2020

Field Development

Lundin Energy Raises Norway’s Grieg Oilfield Reserve Estimate

Lundin Energy has raised its reserve estimate for Norway’s Edvard Grieg oil field by 50 million barrels of crude, an increase of 17%, and boosted output plans for the coming years, the Swedish company said on Sept 29.

September 29, 2020

Field Development

Guyana Nears Deal with Exxon Mobil for Payara Project Development, Minister Says

Exxon, along with consortium partners Hess Corp. and China’s CNOOC Ltd., expects to eventually produce 220,000 barrels per day of crude from Payara.

September 28, 2020

Field Development

Norway Gets Applications from 33 Oil Firms to Explore ‘Mature’ Areas

The Norwegian oil and energy ministry has received applications from 33 companies for oil and gas licenses in so-called mature offshore areas, it said on Sept. 25.

September 25, 2020

Public Capital , Field Development , Shale Plays , Midstream

Range Resources Signs Supply Deal for Appalachia Ethane Cracker

Range Resources CEO Jeff Ventura called the ethylene cracker being built by State-owned Thai oil and gas company PTT PCL along the Ohio River in Belmont County a “win-win-win” for the company, PTT and Northeast communities.

September 24, 2020