Field Development
Field Development , Liquefied Natural Gas (LNG) , Infrastructure , Construction
US Energy Regulators Authorize Proposed $43.4 Billion Alaska LNG Project
BP and Exxon Mobil produce massive amounts of oil in Alaska and have discovered huge gas resources that are stranded in the North Slope, which the proposed LNG project would allow that gas to access markets around the world.
Field Development
Ghana Instructs Eni, Local Producer to Combine Oil Fields
A letter from the energy minister says seismic data indicates Eni's Sankofa offshore field, which entered production in 2017, and Springfield’s recently discovered Afina Field have “identical reservoir and fluid properties.”
Rig Counts , Field Development , Emerging Plays
International Highlights
Check out the latest E&P highlights from around the world.
Field Development
Guyana Has No Plans to Cut Crude Output Despite Price Drop
Mark Bynoe, the director of the Department of Energy, said the country’s crude production averages between 75,000-80,000 barrels per day (bbl/d) and is expected to ramp up to 120,000 bbl/d by early June.
Field Development
Neptune Energy Sees Delay to Start-up of Fenja Oil Field
The startup of production is now expected in fourth-quarter 2021.
Field Development
Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout
The Anglo-Dutch company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand and sent oil prices to their lowest in two decades.
Field Development
Coronavirus Sparks Installation Delay at Equinor’s Peregrino Field
Peregrino is Equinor’s largest offshore operation outside Norway, and produces 70,000 to 80,000 barrels per day of oil, according to the company’s website.
Field Development
Shell Ditches Russian Arctic Oil Joint Project
Total resources at fields of Meretoyakha Neftegaz were valued by Gazprom Neft at 1.1 billion tonnes (over 8 billion barrels of oil).
Field Development
Exxon Mobil Could Delay Third Guyana Project Amid Low Prices, Spending Cuts
Payara’s startup had been slated for “as early as 2023” and was expected to eventually produce some 220,000 barrels per day (bbl/d) of crude, according to Exxon’s website.
Field Development
Chevron’s Venezuela Oil Joint Ventures Cut Fieldwork
Chevron holds stakes at four oil and gas joint ventures with PDVSA.