The Liuhua 29-2 field is expected to reach peak production of about 41 million cubic feet of natural gas per day in 2021.
The project had been delayed due to the pandemic.
Here’s a snapshot of recent energy deals including a Bakken deal between Oasis Petroleum and Diamondback Energy plus the sale of Hunt Oil’s Permian Basin asset in a transaction believed to be worth over $1 billion.
The Naga 7 jackup was being placed at a site off the coast of Sarawak state when one of its legs penetrated the soil, according to owner Velesto Energy.
Weakened demand has led to six tankers being diverted to Asia, Europe and Kuwait.
High-volume Bakken completions, Marcellus Shale discoveries from Cabot and Chesapeake plus results of three Woodford Shale wells in Oklahoma’s Grady County by Continental Resources top this week’s oil and gas drilling activity highlights from around the world.
The deepwater field consists of five subsea wells with a production capacity of 450 million standard cubic feet per day (MMscf/d), Eni said.
The Satellite Cluster gas field will produce gas from four reservoirs using a total of five wells, BP said in a news release.
Chevron’s holdings in Myanmar include a 28.3% stake in the Yadana natural gas field and a 28.3% stake in a pipeline that carries Burmese gas to Thailand.
The world’s two largest emitters of greenhouse gases plan to announce stronger pledges before the Glasgow talks in November.