Field Development

ExxonMobil makes FID on West Barracouta gas project offshore Australia

ExxonMobil has made a final investment decision (FID) on the West Barracouta gas project in the VIC/L1 block in the Gippsland Basin located offshore Victoria, Australia.

Neptune Energy Norge becomes operator of Fenja field development project

Neptune Energy has wrapped up its integration with VNG Norge to become the operator of the NOK10.2bn ($1.2bn) Fenja field development project in the Norwegian Sea, under the new name Neptune Energy Norge.

Norway approves PDO for Equinor’s Troll phase 3 project

The Norwegian Ministry of Petroleum and Energy has approved Equinor and its partners’ plan for development and operation (PDO) of the NOK7.8bn ($920m) Troll Phase 3 development in the North Sea.

Sapura, Afcons secure contract for ONGC’s KG-DWN-98/2 project

Oil and Natural Gas Corporation (ONGC) has awarded a contract worth around RM3bn ($720m) pertaining to the $5bn KG-DWN-98/2 project in Krishna Godavari basin offshore India to consortium featuring Malaysia-based Sapura Energy.

Lukoil, Kazmunaygas form consortium on Zhenis Project in Caspian Sea

Lukoil president Vagit Alekperov and NC KazMunayGas management board chairman Alik Aidarbayev signed agreements on joint cooperation and financing of the Zhenis Project in the Kazakhstan's part of the Caspian Sea.

Talos Energy begins $250m Zama discovery appraisal program

Talos Energy and its partners have commenced the Zama discovery appraisal program with an investment of around $250m offshore Mexico with the spudding of the Zama-2 appraisal well.

McDermott bags contract for Great White field in US Gulf of Mexico

McDermott International said that it has won a subsea umbilical and flowline installation contract from Royal Dutch Shell for the Great White Frio development in the US Gulf of Mexico.

Spirit Energy submits environmental statement for Pegasus West project

Spirit Energy has filed its environmental statement for the Pegasus West development in the North Sea to the UK Department for Business, Energy and Industrial Strategy, launching a public consultation on the plans.

GSP Offshore bags contracts for BSOG’s MGD Project in Black Sea

Black Sea Oil & Gas (BSOG) and its partners have given two contracts to GSP Offshore pertaining to the $400m Midia Gas Development Project (MGD Project) located offshore Romania.