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.
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.
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.
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.
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.
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.”
Rig Counts , Field Development , Emerging Plays
International Highlights
Check out the latest E&P highlights from around the world.
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.
Field Development
Neptune Energy Sees Delay to Start-up of Fenja Oil Field
The startup of production is now expected in fourth-quarter 2021.
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.