Chevron reached its final investment decision (FID) for Mad Dog 2 in the Gulf of Mexico, paving the way for the BP-operated project to reach first oil in 2021. Illustration of Mad Dog 2, from BP…
Large upstream projects are more often delivered by a group of partners rather than a single 100% owner. This spreads project risks and can also make it possible to finance megaprojects, which could be beyond the capacity of any single player…
Noble Energy is looking to drill a US$77 million appraisal and production well in the Leviathan area offshore Israel in Q1 2017, with a target of natural gas production from the giant field by the end of 2019, according to partner Delek Group…
Delek Drilling and Avner Oil, part of the Leviathan partnership with Noble Energy, has approved the development plan for the mega-discovery, offshore Israel, the two announced today 12 December. The decision paves the way to Leviathan's final investment decision (FID)…
EIC’s Neil Golding outlines activity in East and South Africa. Houston-based independent Anadarko made its first gas discovery at the Offshore Area 1 block offshore Mozambique in 2010. The discovery, along with Eni’s major finds, mean…
Some US$50 billion has been dropped from the Norwegian oil and gas investment hopper from 2014 up to 2020, according to figures presented at the ONS exhibition and conference in Stavanger today. The fall, amid a $1 trillion drop in global spending in the same period…
Wood Group Mustang has been chosen by the Leviathan partners to provide the front-end engineering and design (FEED) work for the Leviathan project’s production platform in a US$120 million deal. Image from Wood Group Mustang Twitter…
Schlumberger and Ophir have terminated discussions over a move which could have given the oilfield services firm a 40% stake in the Fortuna floating LNG development offshore Equatorial Guinea. Earlier this year, Schlumberger had reached a heads of terms agreement with Ophir over the project…
Danish energy group DONG Energy has made a final investment decision (FID) to build the giant Hornsea Project One offshore wind farm. Once built, Hornsea will be the world's first offshore wind farm with more than 1000 MW capacity. Located 120km off the Yorkshire coast…
DONG Energy announced it will construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19km off the west coast of Britain. The final investment decision has been made after securing all necessary consents from authorities…
In a new global gas analysis, Wood Mackenzie remarks that despite the outlook for global LNG demand looking increasingly subdued, the number of LNG projects proposed to take a final investment decision (FID) in 2015 and 2016 has not reduced significantly…
Major offshore upstream investment has dwindled to such a level that we may be able to count the number of projects that reached a final investment decision (FID) on just one hand, according to Wood Mackenzie Principal Analyst Angus Rodger…
A plan to develop the Ruche fields in the Duffafu license offshore Gabon using a floating production, storage and offloading vessel has been approved by the country’s authorities. The project, operated by Harvest Natural Resources, will see the Ruche A (formally Ruche)…
Petronas has reached the final investment decision(FID) for its second FLNG facility project, off the coast of Sabah in Malaysia. The FID was approved by the Petronas board on 23 Jan 2014. Subsequently, Petronas has issued a letter of award for the engineering procurement…
Surface logging company Empirica, a member of Reservoir Group, launched two new technologies that the company expects will trim significantly the time it takes to sample and view well data.Dual Flame Ionised Detection (Dual FID) technology is a high-speed chromatograph…
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