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Shell sees the start-up of the Bonga North deepwater oil and gas field by 2027, while TotalEnergies expects the Ubeta gas field to also begin production by that year, the top executives of the Nigerian units of the supermajor told an energy conference in Nigeria.
billion (13 billion Norwegian crowns) in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea, Western Europe’s biggest oil-producing field. The investment will increase recoverable volumes from the field by 40–50 million barrels of oil equivalent (boe), with production expected to start in late 2027, Equinor said on Tuesday.
Qatar’s North Field East LNG expansion project is set to start operations in the middle of next year, “although much of its expected upside will spill into 2027,” the IEA said in the report. For the rest of 2025, however, the IEA cautioned that the market remains vulnerable to shocks.
Offshore installation activities are expected in 2026, 2027 and 2028. “The FEED study enabled Subsea7 to engage early in the field development process, optimizing design solutions and contributing to the final investment decision. The Fram Sør project will be connected to the existing Fram and Troll C infrastructure.
The Guyanese field’s production has soared from zero in 2019 to 668,000 barrels per day by the end of March 2025, and is forecast to nearly double to 1.3 million bpd by the end of 2027. These firms replenish their reserves not only to grow output but also to offset existing fields’ natural decline. government in 1911.
The new cryo facility will commence operations in Q1 of 2027. BCCK specializes in engineering, procurement, fabrication, and field construction services. BCCK has signed an agreement with ZAP Engineering and Construction Services Inc. to deliver a 45 MMSCFD NiTech Dual Tower Nitrogen Rejection Unit (NRU) and oil removal system.
Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. The field is operated by Equinor, with Aker BP holding a 31.6% Total investments are estimated at NOK 13 billion, with production expected to commence in the fourth quarter of 2027.
percent reduction factor for 2024 to 2027 and 4.4 An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. In addition, most of Europeâs depleted oil and gas fields are located at sea. billion tons of CO 2 , with an anticipated annual decrease of 4.3
Under the deal, Woodside will deliver LNG to Japan on an ex-ship basis between the months of December and February from 2027. percent stake in the Scarborough field offshore Western Australia to Japanese companies: 15.1 Image by BJP7images via iStock JERA Co. and Woodside Energy Group Ltd. and Woodside Energy Group Ltd.
The field produces medium crude. The Bohai Sea projects are the Caofeidian 6-4 oilfield adjustment, phase 2 of the Luda 5-2 North field and the Bozhong 26-6 field. The South China Sea projects are Wenchang 19-1 oilfield phase 2, the Dongfang 29-1 field and the Panyu 11-12/10-1/10-2 Oilfield Adjustment Joint Development Project.
The FEED study enabled Subsea7 to engage early in the field development process, optimizing design solutions and contributing to the final investment decision. Fabrication of pipeline bundles will take place at Wester, Scotland, while offshore operations are expected to take place in 2025 through 2027, according to the statement.
The nation is undertaking a massive North Field Expansion project that will boost its LNG production capacity from 77 million tonnes per annum (MTPA) to approximately 126 MTPA by 2027. Qatar’s experience provides a good example of how to strike this balance.
Image by Emiliano Ortiz via iStock Italy’s Eni SpA and Argentina’s YPF SA have signed an agreement to build a liquefaction facility to enable the export of natural gas from the Vaca Muerta field in the South American country. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
Unlocking synergies across field operations, asset clustering, and cost structures. APA is on track to implement a $350 million cost reduction plan by 2027 , cutting across LOE, G&A, and capex. Callon Petroleum Integration and Margin Expansion The integration of Callon Petroleum continues to pay dividends.
has adjusted the timeline for the development of the Rafael natural gas project in Western Australia’s Canning Basin but still aims for a startup late 2027. The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 Image by DanielIngelhart via iStock Buru Energy Ltd.
Iraq holds some of the world’s largest oil reserves with several super-giant oil fields that are increasingly being developed by international oil and gas companies. The order fully aligns with ADNOC’s target of reaching 5 million barrels per day of production by 2027, according to the statement.
This agreement also involves an integrated suite of services, such as VAM Field Service and value-added digital solutions designed to optimise installation and maintenance practices. These services will ensure that ADNOC’s oil and gas fields operate with maximum efficiency.
Gartner projects the global legal tech market will reach $50 billion by 2027, and Precedence Research predicts it to hit $65.51 What’s staggering is not only the number of players entering the field but also the vast areas of legal domains in which they assist. billion by 2034.
In last yearâs survey, a surprising 84 percent of respondents predicted that an NGSA aircraft would be fielded by 2035 or earlier. On average, 81 percent of those surveyed expressed zero to moderate confidence in the ability of airframers to hit their production targets for 2026 and 2027.
Natural gas production from the massive discovery in the Black Sea offshore Romania is expected to begin in 2027, Austrias energy giant OMV said on Wednesday, adding that the project, Neptun Deep, is advancing as scheduled. Initial gas production at Neptun Deep is planned for 2027.
Cypre is one of BPs 10 major projects expected to start up worldwide between 2025 and 2027, announced as part the reset strategy to grow upstream production. Just after teasing in February that a major strategy reset is coming, BP announced the start of production from the second development phase of the Raven field offshore Egypt.
The US government has extended by a further two years the secondary sanctions assurance relating to the UK Rhum field, which is half owned by Iran, the other owner Serica said February 27. The extension, granted by the US Office of Foreign Assets Control (OFAC), will now run until February 2027, Serica said in a stock-exchange statement.
Talks focused on the development of gas processing units at the Nasiriyah oil field , with a target capacity of 200 million standard cubic feet per day. Phase one of the project is expected to be completed before the summer of 2026, followed by phase two in 2027.
billion in 2027 2029, before returning to sustaining expected capital of $0.8 In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. billion in 2026 and $1.1 $1.2
The project is expected to achieve a peak production of approximately 12,000 boe/d in 2027. CNOOC Limited is committed to building intelligent offshore oil and gas fields and developing oil and gas resources in a green and low-carbon manner, so that it could provide the society with clean, reliable, and stable energy supplies.
Still, Hubberts basic framework held up well: oil fields follow a bell-shaped curve. oil production to peak between 2027 and 2030. That prediction was initially correct, but it didnt account for the eventual surge in unconventional oilespecially from shalewhich temporarily reversed that decline decades later.
Rystad forecasts QatarEnergy will invest between US$14-15bn per year over the next few years as it continues to invest heavily in the North Field gas field and expanding LNG capacity, while ADNOCs expenditure, which reached US$5.7bn last year, is forecast to increase given its target of 5mn bpd production capacity by 2027.
Located around 65 km northwest of Abu Dhabi, Lower Zakum Field is one of ADNOCs most significant offshore assets as it seeks to meet its production target of 5mn bpd by 2027. The contract was awarded by Target Engineering, the EPC contractor. The LTDP1 project aims to expand sustainable production capacity to 450,000 up to 2035.
The Jafurah unconventional gas field, the largest liquid-rich shale gas play in the Middle East, contains an estimated 200 trillion standard cubic feet (scf) of natural gas. Saudi Arabia is stepping up investment in natural gas as a cleaner, lower-carbon alternative to oil and coal.
The Al Shaheen oilfield is a production field off the north-east coast of Qatar, 80 km north of the capital, Doha. The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%).
billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest. million barrels of oil equivalent per day by 2030, “with capacity to increase further to 2035” BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9
The Marjan and Berri increments are expected to be onstream in 2025, with the Zuluf field increment scheduled to follow in 2026 and the second phase of Dammam in 2027. Phase One of its Jafurah unconventional gas field development remains on schedule for 2025, with contracts awarded for Phase Two.
In addition, we identified the opportunity to increase injection and production in the Oungre and Torquay fields by separating produced water from each formation, since combining the fluids creates an unusable emulsion. USD ($0.7466 USD to $1.00 GJ to $3.35/GJ. Boe Presentation Boe means barrel of oil equivalent.
CERA Week also heard from IEA chief Dr Fatih Birol who, in an about turn from the IEAs earlier position that there should be no new investment in oil gas and coal in order to meet climate targets, highlighted the need for new oil and gas investments to offset the decline in existing fields.
Several new major oil and gas projects are set to launch by the end of 2027. New oil fields and deepwater drilling initiatives will contribute to increased production. The company aims to boost daily oil and gas production to between 2.3 million and 2.5 million barrels per day by 2030. billion and $2 billion annually.
production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. Conclusion: Q1 2025 Performance Summary Equinor Strong in: European gas pricing, new field startups (Johan Castberg), and capital discipline. TWh , the same as Q1 2024. shale basins.
Establishing a clear process for all parties to address field-related issues is essential. The new requirements would be phased in slowly beginning in 2027, giving state regulators and operators time to plan for implementation. Mayes Middleton, sponsor of S.B.
LNG purchases, as the bloc seeks to quit Russian gas by 2027. From 2027, the EU law will make compliance with methane rules equivalent to those of the EU a requirement for foreign suppliers to sign new contracts with European buyers. European Commission President Ursula von der Leyen has said the EU could increase U.S.
In contrast, the breakeven in the Marcellus shale field, which covers Pennsylvania, West Virginia and Ohio, is around $2.15. through 2027 before large gas producers have an incentive to ramp up production, said Kevin MacCurdy, managing director at Pickering Energy Partners. Gas futures will need to stabilize around $5.00
General-purpose robots, powered by increasingly capable embodied AI, are being tested in warehouses, factories, hospitals, and fields. The field is racing to build and scale simulation environments to increase available data. Today, what was once confined to science fiction is inching toward industrial reality.
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