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.
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.
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.
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.
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.
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.
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.
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.
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.
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.