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.

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

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.

November 8, 2021

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. 

November 1, 2021

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.

October 27, 2021

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.

October 15, 2021

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.

October 14, 2021