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In less than 12 months Eni (NYSE: E) CEO Claudio Descalzi has turned the Middle East from a sideshow to a strategic hub for the Italian energy major. And the shift is not over.
Leviathan will be connected by a subsea pipeline to a production platform much closer to shore, just 10 km (6 miles) from a popular beach, angering some opposition lawmakers, environmentalists and residents.
Check out the latest E&P news highlights from around the world.
Favorable economics could push forward planned projects as more come online.
One independent energy company sees capability and expertise as critical to fueling its onshore and offshore growth engines.
In the Lower 48 Big 3—Eagle Ford, Bakken and Permian Basin—ConocoPhillips plans to grow production by about 19% this year.
Continental Resources’ SpringBoard project focuses on the Springer, Sycamore and Woodford reservoirs of Oklahoma’s Scoop play.
The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines, flexible jumpers and subsea production systems.
Chevron is benefiting from its large acreage position in the Permian Basin and technology as it works to grow production to 650,000 boe/d by year-end 2022.
Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Jan. 28.
The Ram Powell tension leg platform is located in 3,200 ft (975 m) of water in Viosca Knoll Area, Block 956, and is capable of processing 60,000 barrels of oil per day and 200 million cubic feet of gas per day.
The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.