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Exploration activity targeting Jurassic carbonate reservoirs in North Kuwait has led to the discovery of six major tight gas fields in the last decade.
The latest startups mean BP has brought five of its seven major 2017 projects onstream.
Arrival of massive FLNG vessel off Australia’s coast signals start of race between Ichthys and Prelude fields.
The startup has been slightly delayed from last year’s projection of the end of June; however, the Hail oil field operated by Cosmo’s joint venture (JV) is set to reach full output by the end of this year, company officials said.
Israel Chemicals, Bazan Group Oil Refineries and OPC Energy signed agreements this week to buy 39 Bcm of gas from the Karish and Tanin fields over 15 years, or 2.6 Bcm annually.
The joint venture company will build the concrete gravity structure for the development’s fixed drilling platform.
Cobalt hopes to finalize the bidding process for its GoM assets in September as it continues to resolve concerns with its Angola assets sale.
Gas will be produced in East Java field.
Project would have been a major exporter of LNG to Asia.
Service companies have been battered by the downturn but are keeping their sights on upcoming market needs.
Lundin, a partner in Norway’s giant Johan Sverdrup Field, reported $333.5 million in earnings before interest, tax, depreciation and amortization, above the forecast of $320 million in a Reuters survey of analysts.
Located at a water depth of about 55 m, the field’s main production facilities include one unmanned wellhead platform, one FPSO unit and four production wells. Currently, the gas field has two wells in production, CNOOC said in the release.