The partners will not submit a development plan for its Pecan oil field to Ghanaian authorities “until the challenges have been resolved,” Aker ASA CEO Oeyvind Eriksen told a call with analysts.
Santos shares fell 2.4% upon announcing the company's backing of the Pikka Alaskan oil project valued at $2.6 billion.
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.