Are Deepwater Projects Due for a Revival?
The oil price downturn spawned a lull in deepwater enthusiasm, but better project execution and reduced project lead times have helped operators achieve lower costs and better returns. What does the landscape for deep water look like in the near term? Will operators get more involved?
Imperial Delays Canadian Oil Sands Project
The decision to ramp down production on the Aspen project comes months after the Alberta provincial government imposed production cuts to handle pipeline bottlenecks. Aspen is projected to produce 75,000 BOPD upon startup.
Qatar Petroleum, ExxonMobil Make FID on Golden Pass LNG
The Golden Pass LNG export project got the go-ahead for a $1-billion liquefaction development. Baker Hughes will supply turbomachinery equipment for three LNG trains. Startup is expected in 2024.
To Sanction, or Not To Sanction—That is the Offshore Question
2019’s class of offshore projects show a wide range of potential sanctioning outcomes.
Exxon, Rosneft To Partner on LNG Plant in Russia’s Far East
Japan’s SODECO and India’s ONGC Videsh are joining the consortium on the LNG plant, which will be carried out within the framework of the Sakhalin-1 hydrocarbon project in the Okhotsk Sea.
ExxonMobil Awards Second Liza FPSO Contract to SBM Offshore
Scheduled for startup in 2022, the FPSO is expected to produce up to 220,000 BOPD on the development offshore Guyana. Liza is one of eight discoveries ExxonMobil has made in area.
ExxonMobil Completes LNG Acquisition in Mozambique Area 4
ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities and assume midstream operations in Mozambique’s Area 4. Eni will continue to lead the Coral floating LNG project and all upstream operations.
Stanford/EDF Launch Mobile Monitoring Challenge With ExxonMobil as a Tech Adviser
The Stanford University and Environmental Defense Fund launched a challenge for mobile methane leak monitoring technology. ExxonMobil will serve as a technical adviser.
Eni Finalizes Mozambique FLNG Investment, Contract Rollouts Begin
Eni finalized a USD 7-billion investment in the Coral South FLNG project, the first offshore development in Mozambique. Service and equipment providers are announcing their awarded contracts.
Design and Performance Testing of a Subsea Compact Separation System for Deepwater Applications
Because of extremely high internal and external pressures, unconventional separator designs must be used in ultradeepwater applications. A major operator has qualified a number of subsea technologies covering a wide range of operating conditions and fluid properties that encompass its subsea portfol
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