Field Development

Field Development

Chevron-led Kazakh Venture Delays Expansion After COVID-19 Snags

Although this will incur additional expenditures, earlier savings are expected to keep the total project within the approved figure.

September 24, 2021

Field Development

BP Achieves Early First Gas Offshore Trinidad

With 15 offshore production platforms, bpTT is the country’s largest hydrocarbon producer, accounting for about 55% of the nation’s gas production.

September 20, 2021

Field Development

Norway 2021 Licensing Round Attracts Bids from 31 Oil Companies

The ministry's announcement follows Norway's parliamentary elections this week where climate change and the future of the country's oil industry were major topics of debate.

September 15, 2021

Field Development , Drilling

Halliburton Secures Offshore Israel Drilling Campaign

The work follows a successful four well offshore drilling campaign that Halliburton previously executed in the Karish and Karish North gas fields.

September 14, 2021

Field Development , Discoveries , Deepwater

Exxon Mobil Expands Offshore Guyana Resource with New Pinktail Oil Find

Exxon Mobil also announced the Liza Unity FPSO vessel to be utilized for the Liza Phase 2 development set sail from Singapore to Guyana in early September.

September 9, 2021

Field Development

‘Highly Profitable’ Troll Phase 3 Project Starts Up for Equinor

Troll phase 3 is "one of the most profitable projects throughout Equinor’s entire history" with record-low CO2 emissions, a senior company executive said.

August 30, 2021

Field Development , Deepwater

Beacon Offshore’s Status Projected to Rise Following Shenandoah Project FID

Once onstream, production from Shenandoah is expected to catapult Beacon Offshore Energy from its current position as the 20th-largest producer in the U.S. Gulf of Mexico to the 10th spot, says Wood Mackenzie analyst Mfon Usoro.

August 26, 2021

Unconventional , Field Development , Shale Plays

CNPC Plans New Shale Oil Field near Northeast China's Daqing

CNPC said it aims to produce 1 million tonnes of oil annually by 2025 from the Gulong shale oil formations at Daqing in northeast China's Heilongjiang province.

August 25, 2021

Field Development

Neptune Energy Commences Production on Norway's Duva Development

Duva is expected to flow for a decade, supporting extended use of the Gjoa platform.

August 23, 2021

Field Development

Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement

In November 2019, talks tied to a $13 billion expansion of the country's LNG exports fell apart with the government saying Exxon was unwilling to negotiate on the country’s terms.

August 23, 2021