Much of Chinese production comes from mature fields, where infill drilling is the name of the game to keep output flat.
Brazil’s Petrobras has selected Keppel Shipyard Limited for the construction of the P-80 FPSO to be installed in the Buzios field in the Santos Basin pre-salt area.
Saipem's recently awarded engineering, procurement and construction contracts will lead to Angola's first non-associated gas field project.
Though recent operational growth in Papua New Guinea has slowed, potential remains for further project development from PNG operators Exxon Mobil and TotalEnergies.
Equinor plans to electrify its Rosebank oil and gas field project, an uncommon approach to offshore projects in the British North Sea.
Petrobras looks to drastically boost production from Brazil’s presalt and post-salt offshore formation in the next four years with the addition of 14 new FPSO units.
Aker Solutions said it would book an order intake of between 2 billion and 3 billion Norwegian crowns (US$206 million-US$309 million) for the Jackdaw contract in the third quarter.
The Nova oil and gas field offshore Norway holds approximately 90 MMboe in recoverable reserves.
Eni, along with its partners in the New Gas Consortium and Angola's Angola’s National Agency for Oil, Gas and Biofuels, will proceed with the development of Angola's first non-associate gas project.
Partners Exxon Mobil and Hess reported two new discoveries offshore Guyana at the Seabob-1 and Kiru-Kiru-1 wells, adding to the discovered recoverable resource estimate for the prolific Stabroek Block.