Field Development

Field Development

Nigerian State-Owned Company Starts Oil Drilling at Field in North

No oil major is involved in the project being developed by NNPC, local firm Sterling Global Oil and New Nigeria Development Commission, a conglomerate owned by 19 northern states.

November 22, 2022

Field Development , Deepwater , Liquefied Natural Gas

New Fortress Energy to Develop FLNG at Deepwater Lakach Field

New Fortress Energy agreed with state-owned Pemex for the continued development of the deepwater Lakach Field as well as deployment of a 1.4 mtpa FLNG unit to commercialize the bulk of the production abroad.

November 22, 2022

Investment , Field Development , International

Equinor, Partners to Invest $1.44 Billion in Arctic Gas Field

The water depth of around 1,300 m (4,300 ft) makes Irpa, previously known as Asterix, one of the deepest finds to be developed offshore Norway and the country’s fourth producing petroleum field north of the Arctic circle.

November 22, 2022

Field Development , Deepwater , International

Suriname to See $23 Billion Deepwater Boom While Venezuela Struggles

Rystad Energy foresees investments offshore Suriname reaching $23 billion through 2031 driven by activities in Block 58 while it says political uncertainties continue to muddy the outlook for Venezuela.

November 18, 2022

Field Development , Legislation

Equinor Gets Green Light to Start Sverdrup Phase 2 Output

The second phase of Equinor's Sverdrup oilfield is anticipated to increase the field's output to 755,000 boe/d.

November 17, 2022

Field Development

Wintershall Dea to Invest Another $400 Million in Norway's Maria Oil, Gas Field

Moving forward, Wintershall Dea plans to drill new wells and install new subsea equipment to boost the field recovery.

November 15, 2022

Field Development , International

Israel Allows TotalEnergies, Eni to Search for Gas Offshore after Lebanon Border Deal

A focus of the deal was settling a dispute over a potential gas field in Lebanon’s offshore Block 9 that extends into Israeli waters. TotalEnergies is the operator of Block 9 with a 60% interest. Eni holds 40%.

November 15, 2022

Earnings , Field Development

Petrobras’ P-71 FPSO Starts in 2022, Four to Follow

Brazil’s state-owned Petrobras looks to start up an FPSO unit this year ahead of schedule followed by four others in 2023 with combined capacity to produce 630,000 bbl/d.

November 7, 2022

Field Development , Gathering & Processing , Construction

Stakeholder Midstream to Double Gas Capacity at Permian Basin Facility

Stakeholder Midstream announced a final investment decision (FID) on the installation of a second treating and processing train (Train II) at its Campo Viejo facility in the Northwest Shelf of the Permian Basin.

November 7, 2022

Field Development , Deepwater , International

Pemex Gets Go-Ahead to Develop Once-Abandoned Deepwater Gas Field

Pemex does not have much experience in deepwater ventures. Its flagship ultradeepwater oil project Trion, being developed along with Woodside Energy, is still pending the final investment decision.

November 1, 2022