Equinor said studies of the ocean showed conditions were about as harsh as other settings where Equinor has operations, including the Norwegian Sea, the Barents Sea, off Canada's east coast and offshore Brazil.
QEP Resources’ Jill Thompson and Nick Franciose say the company’s “tank-style” completions eliminate frac hit pitfalls.
Anadarko Petroleum and Exxon Mobil are expected to sanction two separate but neighboring LNG projects in Mozambique this year after finding large offshore gas deposits.
Saudi Aramco has shut part of its Safaniyah offshore oil field after a main power cable was cut by a vessel’s anchor, a source familiar with the matter said on Feb. 15.
Norwegian oil company Aker said on Feb. 14 that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an IPO or other means.
Dana Gas will begin drilling this year in an area it said Feb. 12 could become Egypt’s next giant Mediterranean gas field, after seismic data pointed to reserves as large as 20 trillion cubic feet (Tcf).
Uganda expects to begin producing oil in 2022, its energy minister Irene Muloni said on Feb. 13, indicating a slight delay from the east African country’s revised target of 2021.