Field Development

Field Development

Shell, Consortium Exit Two Kazakh Offshore Projects

Shell had invested about $900 million in Khazar, a unit of Kazakh state energy firm KazMunayGaz said in a statement.

October 21, 2019

Field Development , Tankers

Equinor To Ship First Sverdrup Oil Cargo To China

The buyer is China International United Petroleum & Chemicals Co. Ltd. (UNIPEC), a part of the SINOPEC Group.

October 21, 2019

Field Development

Woodside Aims To Hit Go On $11 Billion Scarborough Gas Project In Early 2020

The company also said it is now targeting a final investment decision on the $20.5 billion Browse project in first-half 2021.

October 17, 2019

Field Development , Pipelines

Analyst: Permian Basin Venting, Flaring Stabilizes

New pipelines coming online are expected to ease Permian Basin gas takeaway capacity woes.

October 8, 2019

Field Development

Senex Energy Starts Gas Production At Project Atlas In Australia

Senex anticipates Surat Basin gas production will reach 18 petajoules per annum by the end of fiscal year 2021.

October 8, 2019

Investment , Field Development , Liquefied Natural Gas (LNG)

Exxon Mobil To Make $500 Million Initial Investment In Mozambique LNG Project

Exxon Mobil plans to invest more than $500 million in the initial construction phase of its Rovuma LNG project in Mozambique with an FID for the $30 billion project expected by 2020.

October 8, 2019

Field Development

Positive Hereford Results Drive Growth In D-J Basin For HighPoint Resources

The company said Oct. 7 results from Hereford wells with a 75% current daily production increase over previously completed wells and NE Wattenberg wells with high-fluid intensity completions tracking above 1 million barrels of oil equivalent type-curve.

October 7, 2019

Field Development

Norway Raises Martin Linge Project Cost Estimate By $865 Million

The Martin Linge Field is expected to cost 56.1 billion crowns ($6.1 billion), up from an estimate of 47.1 billion ($5.2 billion) a year ago, budget documents released on Oct. 7 showed.

October 7, 2019

Field Development

Johan Sverdrup Is On Stream In North Sea

Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, said Oct. 5 production has started from the giant field in the North Sea.

October 6, 2019