Exxon Mobil Corporation anticipates major project start-ups will deliver 1 million oil-equivalent barrels over the next five years, Rex W. Tillerson, chairman and chief executive officer, said today at the New York Stock Exchange. Production of crude oil and other liquids is expected to increase by an average of four percent per year between 2013 [...]
Douglas-Westwood forecast that approximately $77bn will be spent on subsea vessel operations in field development, inspection, repair & maintenance (IRM) and subsea well intervention between 2012 and 2016. This is an increase of 63% over the preceding five-year period. Global vessel demand for these markets is expected to increase 33% on the previous five-years. Global [...]
Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. This growth is driven by factors such as a larger proportion of newbuilds and conversions compared to redeployments, a greater degree of local content resulting in increased costs [...]
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Fugro has extended the contract on the construction vessel Skandi Carla until July 2017. The Skandi Carla is Fugro’s purpose designed and built ROV survey and construction support vessel which was delivered in July 2001. The diesel-electric NMD Class II DP vessel is equipped with a Simrad SDP22 system interfaced to the Fugro Seastar DGPS, [...]
The Atwood Osprey, owned by the international drilling contractor Atwood Oceanics, started its first three year drilling services contract with Chevron on May 27, 2011
Chevron Corporation is delivering strong financial results and progressing the projects that will drive the next significant growth phase, executives said today at the company’s annual security analyst meeting in New York. “Financially, 2011 was a record year for Chevron. We generated the strongest earnings and cash flow in our company’s history,” said John Watson, [...]
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