Latest News for: Oilfield development


PrimeEnergy Resources Corporation Announces Annual Meeting Results:

The Galveston Daily News 08 Jun 2023
HOUSTON--(BUSINESS WIRE)--Jun 7, 2023-- ... The five directors, consisting of Charles E. Drimal, Jr., Beverly A. Cummings, H ... PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas and Oklahoma ... Forward-Looking Statements ... PUB.

Uaru oil field development, Guyana

Offshore Technology 07 Jun 2023
Offshore oilfield development ... The project received government and regulatory approvals in April 2023, when the development partners took the final investment decision. The field is being developed with an estimated investment of $12.7bn and is scheduled to commence production in 2026 ... Uaru oil field development details.

Kazakhstan presses ahead with $16.5 bln claim against oil majors

Natural Gas World 07 Jun 2023
In April Kazakhstan started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion respectively in costs deducted as part of profit-sharing deals ... with oil majors over delays in development of the field.

Kazakhstan Seeks $16.5 Billion From Big Oil Over Project Costs

Oil Price 06 Jun 2023
Kazakhstan will continue to seek a court ruling on its claim that it is owed as much as $16.5 billion by ...

Energy Caribbean Observer: June 2023

Energies Net 04 Jun 2023
Saipem to proceed with oilfield offshore .ExxonMobilordersTechnipFMCsubsea system .

CNOOC Limited Announces China's First Offshore CCS Demonstration Project Commissioned

Enid News & Eagle 01 Jun 2023
The CCS project is an auxiliary part of the Enping 15-1 oilfields development ... Zhou Xinhuai, CEO of the Company, said, "The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the Company's efforts in increasing reserves and production and pursuing green and low-carbon development.

Chinese firm puts project in Buzios oilfield into production in Brazil

Xinhua 01 Jun 2023
The Buzios5 is the fifth phase of the oilfield development and the first project to commence production after CNOOC Limited joined the Buzios project, said the ...

CNOOC Limited Announces Buzios5 Project Commences Production

Enid News & Eagle 01 Jun 2023
Buzios oilfield is located in the Santos Basin, southeast offshore of Brazil, with a water depth of 1,900 to 2,200 meters. It is the largest deep-water pre-salt oilfield in the world, with a daily production of about 600,000 barrels at present. Buzios5 is the fifth phase of oilfield development.

Nation's first offshore carbon capture project put into use

China Daily 01 Jun 2023
The facility is expected to store 300,000 metric tons of carbon dioxide each year, and is designed to capture and store up to 1.5 million tons of carbon dioxide produced during the process of oilfield development, said Deng Changhong, deputy general manager of the Shenzhen Branch of CNOOC.

China one step closer to carbon neutrality with offshore carbon capture project

China Daily 01 Jun 2023
The carbon dioxide captured during oilfield development was injected 800 meters under water close to the Enping 15-1 platform, Asia's largest offshore oil production platform ...

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