Field Development

Field Development

Total and Mozambique Sign Security Pact for $20 Billion Natural Gas Project

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.

August 24, 2020

Field Development , International

Chevron Reportedly Pursuing Deal to Develop Large Oil Field in Iraq

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.

August 17, 2020

Field Development , Deepwater

Total Launches Phase 3 of Giant Mero Oil Project Offshore Brazil

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.

August 17, 2020

Field Development , Drilling

E&P Regional Report: Has the Pandemic Battered Europe’s Upstream Sector?

As oil and gas operators scale back production and spending, exploration and appraisal drilling activity in the region has taken a massive hit.

August 17, 2020

Field Development

ConocoPhillips Gets US Green Light for Alaska Oil Project

The project could help offset oil production declines in the state, according to the Bureau of Land Management.

August 14, 2020

Field Development

Azerbaijan Expects to Start Oil, Gas Production at Karabakh Field by Year-end 2022

The Azeri state energy company SOCAR has been developing the Karabakh Field in a joint venture with Norway’s Equinor since May 2018.

August 11, 2020

Public Capital , Earnings , Unconventional , Field Development , Shale Plays

Exxon Mobil, Chevron Adjust in Permian Basin amid Market Volatility

The supermajors are focused on specific developments and improving efficiency in the Permian Basin as market conditions recover.

July 31, 2020

Earnings , Reservoir Evaluation , Field Development

Hess Reports Discovery of High-quality Reservoirs Offshore Guyana

The Yellowtail wells and upcoming Redtail well will form the basis of another FPSO development, executives say.

July 29, 2020

Field Development

CNOOC Commences Production at Luda Development in Bohai Sea

CNOOC Ltd. has commenced production at Luda 21-2/16-3 regional development project, the company said on July 20.

July 20, 2020

Public Capital , Investment , Field Development , Liquefied Natural Gas (LNG)

Total Lands $14.9 Billion Debt Financing for Mozambique LNG Project

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.

July 17, 2020