Field Development

Field Development

Azerbaijan Expects to Start Oil, Gas Production at Karabakh Field by Year-end 2022

The Azeri state energy company SOCAR has been developing the Karabakh Field in a joint venture with Norway’s Equinor since May 2018.

August 11, 2020

Public Capital , Earnings , Unconventional , Field Development , Shale Plays

Exxon Mobil, Chevron Adjust in Permian Basin amid Market Volatility

The supermajors are focused on specific developments and improving efficiency in the Permian Basin as market conditions recover.

July 31, 2020

Earnings , Reservoir Evaluation , Field Development

Hess Reports Discovery of High-quality Reservoirs Offshore Guyana

The Yellowtail wells and upcoming Redtail well will form the basis of another FPSO development, executives say.

July 29, 2020

Field Development

CNOOC Commences Production at Luda Development in Bohai Sea

CNOOC Ltd. has commenced production at Luda 21-2/16-3 regional development project, the company said on July 20.

July 20, 2020

Public Capital , Investment , Field Development , Liquefied Natural Gas (LNG)

Total Lands $14.9 Billion Debt Financing for Mozambique LNG Project

Total's massive LNG project in Mozambique includes the development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession, and the construction of a two-train liquefaction plant.

July 17, 2020

Field Development

Aker BP, Partners Put Cost of Norway’s NOAKA Oil, Gas Project at Over $5 Billion

The NOAKA area, located between the Oseberg and Alvheim fields in the North Sea, is estimated to hold more than 500 MMboe.

July 14, 2020

Field Development , Methane , Technology , Storage

E&P Production: Promise of Tankless Operations

Data from a tankless operations pilot project show improvements in cost efficiencies, environmental compliance and more. 

July 10, 2020

Field Development , Subsea

Equinor Awards Framework Contract for Statfjord North Sea Field

According to the agreement the parties will collaborate in new ways while carrying out the work on Statfjord safely and efficiently.

July 6, 2020

Field Development , Digital Oilfield , Logistics

Oil Major ConocoPhillips Deploys Low-Code Tech to Boost Bottom Line

ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on June 30.

June 30, 2020

Field Development

LLOG Sanctions Taggart Development in Deepwater GoM

Initial development plans at Taggart include the completion and tieback of two wells. First production is anticipated in 2022. 

June 29, 2020