Field Development
Unconventional , Field Development , Shale Plays , Midstream
Shale 2022: Long-term Planning Paying Off for Midstream Operators
By staying the course, midstream operators with assets in top U.S. shale plays are not only surviving but thriving as 2022 unfolds.
Field Development , Discoveries , Deepwater
Exxon Mobil Makes Two Discoveries Offshore Guyana
Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of approximately 10 billion oil-equivalent barrels, says Exxon Mobil and project partner Hess in separate releases.
Field Development , Transactions
Chevron Agrees to Transfer Part of Offshore Suriname Field to Shell
Paradise Oil Co., a subsidiary of Suriname’s state-run Staatsolie, retains its 40% stake in the Block 5 venture as a non-executive partner, according to the farmout contract.
Field Development , International
Houston-based APA Says Egypt Close to Being ‘Most Attractive Investment’ in Portfolio
The new PSC will consolidate the majority of the concessions operated by APA’s subsidiaries operating in Egypt (Apache) into a single new concession.
Field Development
China's CNOOC Starts Production at Second Phase of UK Buzzard Project
CNOOC Petroleum Europe Ltd., a wholly owned subsidiary of CNOOC Ltd., is the operator of Buzzard and holds 43.21% interest in the project.
Field Development , Subsea
Equinor Awards Contracts to Aibel for Norwegian Offshore Fields
The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
Investment , Field Development
TotalEnergies Wins New Deals in Libya
These agreements aim to develop solar projects supplying electricity to the Libyan people and to invest in projects reducing gas flaring in oil fields.
Field Development , Subsea
Exxon Mobil Taps TechnipFMC for Subsea Work on Stabroek Block Offshore Guyana
TechnipFMC currently employs more than 60 Guyanese, and expects to continue to hire and train additional local staff in support of this award.
Field Development
Exxon Mobil in Talks to Build Fourth Oil Production Rig for Guyana
Guyana is home to the world’s biggest offshore discoveries in years, with 10 billion barrels of recoverable oil and gas.
Field Development
Equinor Plans $8.8 Billion Development World’s Northernmost Oil Field
Located in the Arctic Barents Sea and containing close to 500 million boe, the Wisting development is subject to a final investment decision by Equinor and its partners by the end of 2022.