Field Development

Field Development

Australia’s Woodside, BHP Agree On Tolling Terms For Scarborough Gas

The breakthrough follows months of talks between the two companies over what to charge for processing gas from the field through Woodside’s Pluto LNG plant.

November 18, 2019

Field Development

Petrobras, Partners Mark First Oil From Iara Offshore Brazil

Located in the Santos Basin offshore Brazil, the FPSO has a daily capacity of up to 150,000 barrels of oil and 6 million cubic meets of natural gas.

November 15, 2019

Field Development

Norway Approves ConocoPhillips’ Tor II Field Development Plan

Production is expected to start in fourth-quarter 2020, the oil and energy ministry said Nov. 14.

November 14, 2019

Field Development

Aker BP Plans Early Startup At Norway’s Aerfugl Gas Field

The company plans to start Aerfugl production in first-half 2020, three years ahead of what had originally been billed as the field’s second phase.

November 11, 2019

Field Development

Noble Energy Targets December First Gas For Leviathan Field

The project in the Eastern Mediterranean is running ahead of schedule and is $150 million under budget.

November 7, 2019

Field Development

Chevron, Hess, Kosmos Find Success Offshore With ILX Strategy

Companies looking for alternatives to onshore developments have been rolling out exploration campaigns focused on areas where infrastructure already exists and using seismic data to help find more resources.

November 5, 2019

Field Development

Ghana’s $4.4 Billion Pecan Oil Field Development Faces Delay

While Aker initially aimed to tie in discoveries in a wider area to its planned Pecan production systems, it had failed to obtain changes in regulation that would facilitate such an approach, the company said.

November 1, 2019

Earnings , Field Development

Concho Resources Grows Permian Basin Production, Reduces Costs

The company reported Oct. 29 net income of $558 million for third-quarter 2019, compared to a loss of $199 million a year earlier.

October 30, 2019

Earnings , Field Development

ConocoPhillips Preps For More Drilling In Alaska

The company reported Oct. 29 third-quarter 2019 earnings of $3.1 billion, up from $1.9 billion a year earlier.

October 29, 2019

Field Development

Chevron Seeks Partner For Indonesian Deepwater Project

The company has a 62% participating interest in the IDD-II project, which covers development of the oil- and gas-rich Gendalo and Gehem fields.

October 23, 2019