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Developers of the field, located in the North Falkland Basin, hope to sanction the first phase of the project by year-end 2018 as costs fall.
As Brazil’s offshore segment flourishes, onshore opportunities have not gained much attention. But the Brazilian government is working to make its onshore assets more attractive.
Investment and development activity picked up speed in 2017.
The perception is that regulatory hurdles make California a difficult place for producers to thrive, but good opportunities are often overlooked.
In the southern part of the North Sea, plans for the Valhall field include use of an unmanned wellhead platform, which will be connected to the Valhall Field Center.
A slot perforating method saves time and reduces well abandonment costs.
Reduced operation time between stages can lead to higher fracture complexity and improved drainage efficiency.
New completion techniques are lowering the cost per unit of gas production and spreading across the Haynesville—and to basins beyond.
A new suite of proprietary engineered proppant is headed to commercialization in 2018. Will it be enough to capture new share versus sand?
Plugs offer improved drill-out times and options in stage spacing.
Frontera Resources Corp. on April 19 announced the successful completion of drilling operations at the Dino-2 well, the second of the three-well drilling campaign at the company’s Taribani complex on Block 12 in Georgia.
Morten Kelstrup will join Maersk Drilling as chief commercial & innovation officer to lead the newly-established Commercial and Innovation function, the company announced on April 18.
GeoPark announced on April 18 the successful testing of the Tigana Norte 9 appraisal well in the Tigana oil field in the Llanos 34 block in Colombia.
China’s shale gas production will likely reach 17 billion cubic meters (Bcm) in 2020, nearly double the 2017 level, as local oil companies make big progress with drilling technology and cost cutting.
Egypt will auction 10 or 11 oil and gas exploration blocks in the Mediterranean, petroleum minister Tarek El Molla said on April 17.
Fourteen companies have expressed interest in oil and natural gas exploration and development contracts to be auctioned by Iraq on April 25, the oil ministry in Baghdad said on April 14.
Hunting Plc, the international energy services company, said March 26 it has signed a collaboration agreement with U.S.-based EOR company, Titan Oil Recovery Inc.
With a well test underway, one independent energy company works to decipher the Bakken’s EOR secrets.
The company plans to expand its use of carbon capture, use and storage technology to meet a sixfold increase in the utilization of CO2 for EOR over the next 10 years.
Middle Eastern oil and gas producers are now focusing on developing unconventional resources like heavy crude oil.
BP and Reliance Industries Ltd. on April 19 announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6.
Italy’s oil major Eni (NYSE: E) has received approval of a plan of development of a natural gas field located offshore East Kalimantan in Indonesia.
The Njord Bravo FSU is scheduled to be delivered in the spring of 2020.
Chevron Corp. (NYSE: CVX) will proceed with the second stage of its giant Gorgon LNG export plant off the northwest coast of Western Australia, the company said on April 14.
The natural gas treatment plant project worth nearly US$600 million is of "great significance" to the development of oil and gas for Petrobras pre-salt, according to the company press release.