Field Development

Reservoir Evaluation , Field Development

Resource Estimate Rises for Exxon Mobil, Partners Offshore Guyana

Up to 10 FPSOs could be needed to develop the prolific oil and gas resource base on the Stabroek Block, according to partner Hess Corp.

October 28, 2020

Field Development , Technology

Prosafe Secures Vessel Contract on Norwegian Continental Shelf

The 90-day contract, valued at US$13.6 million, begins in second-quarter 2022, the company said in a news release.

October 27, 2020

Field Development , Discoveries

LLOG Exploration Makes Second Oil Find at Spruance Deepwater Discovery

The oil find continues the privately held E&P company’s drilling success at its Spruance discovery made by LLOG and its partners in the deepwater Gulf of Mexico in mid-2019.

October 26, 2020

Field Development , Discoveries , Deepwater , Shale Plays

E&P Regional Report: South America’s Pending Success to Overshadow Harsh 2020

Upstream activity will fuel the region as a leader on the road to recovery.

October 20, 2020

Field Development , Shale Plays

North Dakota’s Oil Output Up 12% in August as More Wells Resume Output

North Dakota’s oil production rose about 12% to 1.16 million barrels per day (MMbbl/d) in August as more wells and drilling rigs resumed production after a drop earlier this year, the state's regulator said on Oct. 16.

October 16, 2020

Field Development

Petrobras Delays Parque das Baleias Project to 2024

The project was delayed by one year to 2024 because of the coronavirus pandemic, according to a securities’ filing Oct. 16.

October 16, 2020

Field Development

BP Starts Oman’s Giant Ghazeer Gas Field

The London-based firm said Ghazeer, the second phase of the development of Block 61, started four months ahead of schedule.

October 12, 2020

Field Development

Exxon Mobil, Hess Sanction $9 Billion Payara Project Offshore Guyana

SBM Offshore lands contract for FPSO, while TechnipFMC secures work for the subsea system for the development.

October 1, 2020

Field Development , Shale Plays , Construction , Pipelines

Kinder Morgan Places Permian Basin Gas Pipeline into Service

Kinder Morgan's pipeline, Lockridge, is designed to remove natural gas from the Permian Basin  where pipeline capacity has not kept up with the amount of gas associated with oil production.

September 29, 2020

Field Development

Lundin Energy Raises Norway’s Grieg Oilfield Reserve Estimate

Lundin Energy has raised its reserve estimate for Norway’s Edvard Grieg oil field by 50 million barrels of crude, an increase of 17%, and boosted output plans for the coming years, the Swedish company said on Sept 29.

September 29, 2020