French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas (LNG) project being developed in the southern African country, the company said on Aug. 24.
Chevron and the Iraqi government are discussing the potential execution of exploration work in Iraq's southern Nassiriya oil field, which is estimated to hold about 4.4 billion barrels of crude.
French energy group Total and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil.
As oil and gas operators scale back production and spending, exploration and appraisal drilling activity in the region has taken a massive hit.
The project could help offset oil production declines in the state, according to the Bureau of Land Management.
The Azeri state energy company SOCAR has been developing the Karabakh Field in a joint venture with Norway’s Equinor since May 2018.
The Yellowtail wells and upcoming Redtail well will form the basis of another FPSO development, executives say.
CNOOC Ltd. has commenced production at Luda 21-2/16-3 regional development project, the company said on July 20.
Total's massive LNG project in Mozambique includes the development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession, and the construction of a two-train liquefaction plant.