Field Development
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.
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.
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.
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.
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.
Field Development
ConocoPhillips Plans $1.5 Billion Norway Gas, Condensate Development
ConocoPhillips and its partners plan to produce the reserves with an installation on the seabed connected to existing infrastructure at Conoco's Ekofisk field, some 25 km (16 miles) away.
Field Development , Shale Plays
LOGOS Resources II Achieves Record-Breaking Production from Mancos Shale Wells
"We are thrilled with the initial production rate of these wells," Jay Paul McWilliams, CEO of LOGOS, said.
Field Development , Deepwater
Hess Sees 1 Million Barrel a Day Oil Output from Guyana
Higher production from Guyana, considered a growth engine for Hess, also helped the company offset output declines this past quarter in North Dakota’s Bakken and Gulf of Mexico.
Field Development , Subsea
Schlumberger Wins Contract for Development of Turkey’s Largest Gas Field
The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.
Field Development
Chevron Signs Offshore Oil Output Sharing Contract with Suriname State Firm
Chevron, which agreed to pay a signing bonus of $30.88 million, is expected to cover the offshore block’s exploration costs in a first phase that will last six years, Suriname state oil company Staatsolie said.