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.
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.
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.
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.
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.
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.
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.
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.
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.
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.