The majors are pushing into deeper waters. (Image source: Adobe Stock)
The upstream majors are forecast to spend less on upstream exploration from 2020-2024 than in the previous four-year period, but are pushing into frontier areas and deeper waters, according to recent research from Rystad Energy
There have been promising developments at Aramco's Jafurah gas field. (Image source: Adobe Stock0
Aramco’s gas development ambitions have been further strengthened with the announcement that it has boosted reserves by 15 trillion standard cubic feet (scf) of raw gas and two billion stock tank barrels (STB) of condensate at the Jafurah unconventional gas field
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of QatarEnergy, made the announcement during a press conference in Doha. (Image source: QatarEnergy)
QatarEnergy has announced that it is proceeding with a new LNG expansion project, the 'North Field West' project, to further raise the State of Qatar’s LNG production capacity to 142 mn tons per annum (MTPA) before the end of this decade, representing an increase of almost 85% from current production levels
ADNOC and bp have a long-standing relationship of more than 50 years. (Image source: Adobe Stock)
ADNOC and bp are forming a new joint venture to develop gas assets in Egypt
The contracts will raise production by around 100,000 bpd. (Image source: Adobe Stock)
QatarEnergy has awarded four Engineering, Procurement, Construction, and Installation (EPCI) contracts worth more than US$6bn for the next development phase of the offshore Al-Shaheen field, which will increase production by around 100,000bpd
