Field Development

Unconventional , Field Development , Shale Plays

Shell Restarts Operations in Vaca Muerta Block after Seismic Activity

The activities are located at Shell's Bajada de Añelo Block in Argentina’s Vaca Muerta.

June 9, 2020

Field Development

Aker BP, Equinor Approve Investments after Norway Tax Incentive

The decision follows an agreement between the ruling minority government and the main opposition parties June 8 to grant more tax incentives for the oil industry.

June 9, 2020

Field Development

Aker Energy Seeks to Revive Ghana’s Pecan Oilfield Development

Instead of producing the field from one central installation, the company is now looking at an option of developing parts of it, starting with an FPSO in the south and later adding a second unit in the north.

June 5, 2020

Business , Field Development , Liquefied Natural Gas (LNG)

Exxon Mobil’s Delayed FID on Mozambique Project Should Come Next Year

The company postponed its FID for the Rovuma LNG project, which had been expected this year, in March as the coronavirus outbreak and an oil price slump forced firms to delay projects and slash spending.

June 3, 2020

Field Development , Liquefied Natural Gas (LNG) , Infrastructure , Construction

US Energy Regulators Authorize Proposed $43.4 Billion Alaska LNG Project

BP and Exxon Mobil produce massive amounts of oil in Alaska and have discovered huge gas resources that are stranded in the North Slope, which the proposed LNG project would allow that gas to access markets around the world.

May 22, 2020

Field Development

Ghana Instructs Eni, Local Producer to Combine Oil Fields

A letter from the energy minister says seismic data indicates Eni's Sankofa offshore field, which entered production in 2017, and Springfield’s recently discovered Afina Field have “identical reservoir and fluid properties.”

May 8, 2020

Rig Counts , Field Development , Emerging Plays

International Highlights

Check out the latest E&P highlights from around the world.

May 7, 2020

Field Development

Guyana Has No Plans to Cut Crude Output Despite Price Drop

Mark Bynoe, the director of the Department of Energy, said the country’s crude production averages between 75,000-80,000 barrels per day (bbl/d) and is expected to ramp up to 120,000 bbl/d by early June.

May 4, 2020

Field Development

Neptune Energy Sees Delay to Start-up of Fenja Oil Field

The startup of production is now expected in fourth-quarter 2021.

April 28, 2020

Field Development

Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout

The Anglo-Dutch company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand and sent oil prices to their lowest in two decades.

April 22, 2020